Copper Lake Resources Ltd. · TSXV:CPL

Copper Lake Resources — Investor Presentation (January 2022)

19 slides from Copper Lake Resources's investor presentation, Jan 19, 2022

  1. Slide 1: Marshall Lake Zinc-Copper-Silver VMS Property, Ontario

    Marshall Lake Zinc-Copper-Silver VMS Property, Ontario ‘On the Verge of Discovery’ January 2022 | TSX.V: CPL OTCPINK: WTCZF

  2. Slide 2: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS Some of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions

  3. Slide 3: Why Copper Lake?

    Why Copper Lake? • Exciting preliminary results obtained in current ongoing drilling program at Marshall Lake • Experienced, professional management team with a proven track record in mineral exploration, discovery, development and finance • Portfolio of advanced-staged exploration properties contai

  4. Slide 4: Why Copper, Zinc, Nickel, Palladium & Platinum?

    Why Copper, Zinc, Nickel, Palladium & Platinum? All are strategic metals in increasing demand that support the coming EV revolution Copper: • Motors for electric batteries and hybrids, expanding electricity infrastructure • Recent price: US$4.53 per lb. Zinc: • After copper, aluminum and iron, zinc

  5. Slide 5: Marshall Lake VMS Copper-Zinc-Silver Project

    Marshall Lake VMS Copper-Zinc-Silver Project • Property is 22 km north of CN rail, 310 km NE of Thunder Bay • Approximately 220 sq km in size • Road accessible year-round • Numerous copper-zinc- silver massive sulphide & copper-rich stringer occurrences located at surface and in drilling suggestive

  6. Slide 6: Marshall Lake – Claim Map & Ownership

    Marshall Lake – Claim Map & Ownership Property comprises over 100 square kilometres • Mining leases and mineral claims in blue are 75%-owned by Copper Lake Resources Ltd. & 25% by Rainy Mountain Royalty Corporation • Mineral claims in yellow are 100%- owned by Copper Lake • Key exploration targets l

  7. Slide 7: Geology, Mineral Occurrences & VTEM Anomalies

    Geology, Mineral Occurrences & VTEM Anomalies • Property well endowed with numerous Cu-Zn-Ag occurrences highlighted by the Main Billiton Zone (Billiton deposit) • Priority exploration targets for drilling are the Deep IP target, the Deeds Island target and the Billiton Cu-Zn-Ag deposit www.copperla

  8. Slide 8: Priority 1: Deep IP Target – Chargeability & Resistivity Plan Maps

    Priority 1: Deep IP Target – Chargeability & Resistivity Plan Maps • Large, strong IP anomaly (chargeability high & resistivity low) occurs at a depth of 150 to 450 metres below surface to the SSE of Billiton Cu-Zn-Ag massive sulphide deposit www.copperlakeresources.com TSX.V: CPL 8

  9. Slide 9: Priority 1: VTEM Target & Deep IP Target – Plan Map

    Priority 1: VTEM Target & Deep IP Target – Plan Map • Deep IP target has dimensions of 800 X 300 X 300 metres & is situated adjacent and below the Billiton massive sulphide deposit – it has not been tested by previous historic drilling • Hole Mar-21-03 is currently in progress testing a VTEM airborn

  10. Slide 10: Priority 1: VTEM Target & Deep IP Target – 3D Depiction

    Priority 1: VTEM Target & Deep IP Target – 3D Depiction • Mar-21-03 not yet at VTEM target depth of 150 metres but has intersected 2 well-mineralized altered zones resembling stringer zones at shallower depth (see slides 11 & 12); VTEM target appears to overlie the Deep IP target and may be associat

  11. Slide 11: Priority 1: VTEM Target Above Deep IP Target, Hole Mar-21-03

    Priority 1: VTEM Target Above Deep IP Target, Hole Mar-21-03 • Stringer & patchy chalcopyrite, pyrite & sphalerite hosted in biotite-chlorite-actinolite- silicic alteration within felsic volcaniclastic rocks (Mar-21-03, 64.20-66.87 metres) www.copperlakeresources.com TSX.V: CPL 11

  12. Slide 12: Priority 1: VTEM Target Above Deep IP Target, Mar-21-03

    Priority 1: VTEM Target Above Deep IP Target, Mar-21-03 • Chlorite-biotite-actinolite- silicic alteration containing heavily disseminated to semi-massive pyrite- chalcopyrite-sphalerite- pyrrhotite mineralization in hole Mar-21-03 (72.33-76.07 metres) • Mineralization & alteration resembles high-tem

  13. Slide 13: Priority 2: Deeds Island Target

    Priority 2: Deeds Island Target The Deeds Island Target comprises a semi- coincident Zn geochemical anomaly (1 km-long) and a strong extensive, garnet- actinolite alteration zone (stippled pattern) • A number of historical airborne EM conductor are closely associated with the geochemical anomaly & a

  14. Slide 14: Priority 3: Billiton Deposit – Longitudinal Section

    Priority 3: Billiton Deposit – Longitudinal Section Surface Long section of Billiton Deposit clearly shows easterly-raking 3.7% Zn, 1.0% Cu, 60 g/t Ag/6.0M massive sulphide 10.0% Zn, 3.0% Cu, shoots or lenses 220 g/t Ag/7.4M • The deposit is open down-plunge to the east 4.0% Zn, 1.9% Cu, at relative

  15. Slide 15: Billiton Zone - Selected Historical Drill Results

    Billiton Zone- Selected Historical Drill Results Hole No.1 From (m) To (m) Length Cu (%) Zn (%) Ag (g/t) CuEq Au (g/t)3 (m) (%)2 GGM-78-230 50.85 58.23 7.38 2.97 10.98 219.73 7.86 0.34 Imperial Oil Ltd. 1978 Incl. 50.85 52.50 1.65 5.50 31.50 320.18 17.29 0.34 GGM-77-154 83.99 90.09 6.10 1.89 4.03 14

  16. Slide 16: Marshall Lake – Next Steps for Winter of 2022

    Marshall Lake – Next Steps for Winter of 2022 Diamond Drilling: Priority 1 - Completion of drill hole Mar-21-03 to fully test the stringer Cu-Zn-Ag mineralization obtained and the underlying VTEM target Priority 1 - Completion of drill holes Mar-22-01 & Mar-22-02 to test the heart of the Deep IP ano

  17. Slide 17: Directors & Management

    Directors & Management Terry MacDonald, CPA, CA, Director and CEO, • Terry is a Chartered Professional Accountant with over 30 years’ experience in financial and resource sectors, with a focus on capital markets, mergers and acquisitions and restructuring. Donald Hoy, M.Sc., P. Geo, Vice President E

  18. Slide 18: Capital Structure (as at December 31, 2021)

    Capital Structure (as at December 31, 2021) Shares Issued 195,432,429 Insider Ownership Options @ $0.063 15,850,000 Management and Directors 18.8% Warrants ($0.05 to $0.10) (exp. May 2022 – May 27,783,238 2023) Other Closely Held 43.5% Shares Fully Diluted 239,065,667 Total 62.3% Market Cap (based o

  19. Slide 19: Contact Us

    Contact Us Terry MacDonald, CEO T: +1-416-5613626 E: tmacdonald@copperlakeresources.com Social Media: @lake_copper @CopperLakeResources @Copper Lake Resources Ltd. www.copperlakeresources.com TSX.V: CPL 19

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