www.carlislegold.com twitter: @carlislegold

MANITOBA

THOMPSON

LYNNLAKE

GARDEN HILL

WINNIPEG

June 2015

Carlisle AchievesProject Validation withJoint Venture Partner

Brownfields DevelopmentSites at Lynn Lake, Manitoba

Multi-million OunceOpen Pittable Gold Resource

Highly MotivatedMining-friendly Governmentand Supportive First Nations

Where InfrastructureMeets Grade

52-Week Range $0.16 – $0.58

Market Capitalization $15 M

Cash $8.5 M

Average Daily Volume (3 mo.) 60,000 shares

Common Shares Issued 55 M

Warrants 10 M

Strike Price $0.39 – $0.97

Options 5 M

Strike Price $0.32 – $2.70

LYNN LAKEGOLD CAMP

Summary of Recent Material Changes

1. Carlisle completes an Optimized PEA on the Lynn Lake Gold Camp

• 7,500 tpd @ 2.2gpt for 12 years; US $1,100 Au; IRR: 34%, Post-Tax NPV: $257mm (See www.carlislegold.com for PEA Press Release dated February 27, 2014)

2. Paradigm Capital initiates formal research coverage on the company at $1.75/share price target (~$96mm market cap target)

3. Strategic Partnership announced with AuRico Gold Inc. (AUQ:TSX)

• Private placement for 19.9% of Carlisle; $0.52 per share for $5.6 million proceeds

• Earn-in/Joint Venture: 25% interest in the Lynn Lake Gold Camp Project for $5.0 million proceeds;

• AUQ to fund min $20mm over max 3 years to advance feasibility; can go to 60%

• Partners to spend up to $6mm each (total $12mm) to explore along trend (See Press Release Dated November 11, 2014)

4. Reverse split on share capital: 6.5:1 for 55mm Issued/Outstanding

5. $13 million committed spending on Feasibility and exploration for 2015 ($11mm by AUQ)

Directors

Bruce ReidChairman

Abraham DrostCEO

Jennifer BoyleJames Macintosh Lead Director

Peter MacPhailAuRico

Chris RichterAuRico

Donald A. SheldonHarold Roy Shipes Nick Tintor

CGJ TSX CGJCF OTCQX

PH391

TOWN OF LYNN LAKE

AIRPORT

HYDRO

RAIL

TOFLINFLON250KM

LAST HOPE PROJECT

BURNT TIMBER PROJECT

CARLISLE PROPERTY POSITION

PROPERTYLOCATIONS

FARLEY LAKEMINE PROJECT

JV FEASIBILITYSTUDY AREA

MACLELLANMINE PROJECT

AGGASIZ METALLOTECT

JOHNSON SHEAR

BURNT TIMBERMINE ACCESSROAD

FARLEY LAKEACCESS ROAD

LINKWOOD PROJECT

DUNVEGAN ZONE

KILOMETRES

0 2 4 6 8 10

416.642.0869 www.carlislegold.com twitter: @carlislegold

401 Bay Street, Suite 2702Toronto, Ontario, Canada M5H 2Y4

Nicholas Konkin Director of Investor Communications

416.642.0869 x 3 nk@carlislegold.com

“Strong economics in the recent preliminary economic assessment position Carlisle Goldfields and its Joint Venture partner AuRico Gold Inc. to conduct a feasibility study on

re-starting gold production at Lynn Lake. Our vision is to build a ‘best-in-class’ mining operation on sustainable development of the high grade, open-pittable Farley Lake and

MacLellan gold deposits in the past-producing Lynn Lake Gold Camp, Manitoba, Canada.

We ultimately hope to share the benefits of new mine development at the Lynn Lake Project with our First Nation stakeholders, the community of Lynn Lake, Province of

Manitoba and AuRico and Carlisle shareholders. We will demonstrate leadership by fostering a social license to operate and a credible technical approach to developing

a robust mineral reserve which supports a construction decision.”

Abraham Drost, President & CEO, Carlisle Goldfields

OPEX : THE MANITOBA ADVANTAGE

35302520

151050

BRAZIL

PHILIPPINES

SWEDEN

GUYANA

CHILE

AUSTRALIA

SINGAPORE

PAPUA NEW GUINEA

MEXICO

NEW ZEALAND

COLOMBIA (BOGOTA)

HONG KONG IS

ONTARIO

PERU

INDONESIA

UNITED STATES

SOUTH AFRICA

CHINA

TAIWAN

DUBAI

ARGENTINA (BA)

KOREA (SOUTH)

VENEZUELA

NIGERIA

RUSSIA

MANITOBAKUWAIT

Worldwide IndustrialPower Costs – 2011

(US cents/KWH)

Power Costsup to 50% of OPEX

Working with our

First Nations Partners

MARCEL COLOMBFIRST NATION

3.00

2.50

2.00

1.50

1.00

0.50

0.00

Gra

de

(g/t

) Au

January 2015 Source: Capital IQ

MacLellanCarlisle

FarleyLake

Carlisle

HaileRomarco

GoldenMeadows

Midas

RainyRiver

New Gold

HardrockPremier

CoteLake

IAMGOLD

BordenLake

Probe

MaginoArgonaut

HammondReef

Osisko

SpringValley

Midway

BlackwaterNew Gold

1.80

3.10

1.75 1.72

1.44 1.40

0.881.02

2015$300mm Equity

2015$300mm JV

2015$500mm M&A

CoffeeKaminak

1.23

0.87 0.80

0.50

0.74

OPEN-PIT DEPOSIT GRADES IN NORTH AMERICA

Advanced Development ProjectsAverage 1.3 g/t