corporate presentation november 2021 - cassiar gold

CASSIAR GOLD CORPCorporate Presentation – February 2022

2TSX.V:GLDC | OTCQX: CGLCF | FRA: 756

Disclaimer: This presentation does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein. The sole purpose of this presentation, in paper or electronic form, is strictly for information purposes as of November 2021. Neither Cassiar Gold Corp. (“Cassiar Gold” or the “Company”) nor any of its current or proposed directors, officers, owners, managers, partners, consultants, employees, affiliates or representatives, make any warranty or representation, whether express or implied, or assume any legal liability or responsibility for any action taken in reliance upon this presentation, or for the accuracy, completeness, or usefulness of any information disclosed in this presentation. The information contained herein has been prepared to assist interested parties in making their own evaluation of the Company and its business and does not purport to contain all the information that prospective investors may require. Prospective investors should conduct their own investigation and analysis of the Company and its business and the information contained in this presentation as well as any additional information provided by the Company. The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. A recipient of this presentation should consult his or her tax, legal accounting or other advisors about the matters discussed herein. An investment in the Company is speculative and involves a high degree of risk

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation. Statements in this presentation other than purely historical information including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. This presentation contains certain forward-looking information or forward-looking statements (collectively, "Forward-Looking Statements“) within the meaning of applicable Canadian securities legislation. Such Forward-Looking Statements include statements regarding: expectations on the size of resource on the Company’s properties, timing of ability to obtain resources reports and preliminary economic assessments, plans for mineral processing, timing and ability to raise capital and use of proceeds of such financings, long term acquisition and developments plans, and the ability to enter into acquisition or option agreements and the timing and terms of same, Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this presentation. Except as required by Canadian securities law, neither the Company nor its management is under any obligation, and does not undertake, to update any of this information at any particular time. Neither the Company nor its management assumes any obligation to update or revise forward-looking statements should circumstances or estimates or opinions changes.

The 2019 Cassiar project resource estimate (dated November 12, 2019) was prepared for Cassiar Gold Corp. according to NI 43-101 standards. The Table Mountain resource estimate was done for a previous operator according to NI 43-101 standards. Readers are cautioned that the Table Mountain resource estimate has not been verified by Cassiar Gold, and is considered historical in nature. There is no current or historical resource for the Cassiar tailings deposit.

FOFI Disclosure: This presentation contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about the Company’s prospective capital structure, enterprise value, EBITDA, revenue, expenses, profit and components thereof, all of which are subject to the same assumptions, risk factors, limitations and qualifications as set forth in the above paragraphs. FOFI contained in this presentation was made as of the date of this presentation and was provided for the purpose of providing further information about the Company’s anticipated future business operations. The Company disclaims any intention or obligation to update or revise any FOFI contained in this presentation, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained in this presentation should not be used for purposes other than for which it is disclosed herein.

Qualified Person: Kaesy Gladwin, VP Exploration for the Company, is a "Qualified Person" as defined under NI 43-101 and has reviewed and approved the technical content of this document.

Disclaimer


Multi-Million Ounce Potential in the Heart of the Historic Cassiar Gold District

SIGNIFICANT RESOURCE WITH SUBSTANTIAL GROWTH POTENTIAL✓ 100% owned, 59,000-hectare district-scale with multi-million-ounce potential

✓ NI43-101 Inferred Resource1 of 1.0 Moz at 1.43 g/t Au at Cassiar North; high-grade vein targets grading 15-25 g/t Au with historical resources at Cassiar South

SAFE MINING JURISDICTION AND EXISTING INFRASTRUCTURE ✓ District-scale orogenic gold deposit in the safe jurisdiction of British Columbia, Canada

✓ Highway access, permanent camp, mine permits, permitted 300 tpd mill, 25km underground workings, 160km access roads

WORLD-CLASS LEADERSHIP TEAM ✓ Diverse and successful group of geologists, engineers, operators, marketing and capital markets professionals

✓ 22% insider ownership and 25% institutional ownership

COMMITTED TO LEADING WITH SUSTAINABILITY✓ Collaborative relationship with Kaska Dena First Nations and Community, local hires and numerous local contractors

✓ Investigating economic reprocessing of historic tailings ponds in partnership with Streamkeepers

ATTRACTIVE VALUE UPSIDE ✓ C$79.5 M Market Cap* with high leverage to the gold price

✓ Potential M&A target in a highly supportive mining jurisdiction in Northern BC, Canada

*As of February 23, 2022


Two important orogenic gold districts in BC:

Cassiar Gold FLAGSHIP PROPERTY

Sheep Creek

▪ 100% owned, 59,000 ha property with +15 km strike of gold targets

▪ Site of historical Cassiar Gold Rush with total historic gold production of 425,000 oz

▪ CASSIAR NORTH: NI43-101 Inferred Resource estimate of +1 Moz Au @ 1.43 g/t Au1 with significant resource expansion potential

▪ CASSIAR SOUTH: Multiple high-grade (+15 g/t Au) vein targets with access from 25 km of underground workings2

▪ 3rd largest past-producing orogenic gold district in BC with historical gold production (1899 - 1951) of 742,000 oz Au @ 14.7 g/t Au3

▪ 60-70 known vein systems at the camp with little exploration carried out since the 1950s

▪ Excellent exploration potential – review underway for exploration opportunities and approaches in 2022

1 Zelligan, 2019. National Instrument 43-101 Technical Report on the Cassiar Gold Property (Amended), prepared for Margaux Resources Ltd., revised Nov. 12, 2019.2 Cowley, 2017. Technical Report on the Cassiar Gold Property, British Columbia, Canada, for China Minerals Mining Corp, June 26, 2017, revised Oct. 2, 2017, and references therein.3 August 17, 2017, NI43-101 Technical Report on the Sheep Creek Project authored by Robert A. Lane, MSc, PGeo.

1

2

Prolific Mining Jurisdiction With Infrastructure Access

5TSX.V:GLDC | OTCQX: CGLCF | FRA: 7561https://cassiargold.com/system/uploads/CGC-NewsRelease-20201231.pdf, 2https://cassiargold.com/system/uploads/20201013164919MRL-NewsRelease-08112020.pdf, 3https://cassiargold.com/system/uploads/20201105124417CSC-Newsrelease-20201105.pdf

▪ +39 yrs of mineral exploration experience including 18 years as Exploration Manager for Bema Gold Corp. and B2GOLD

▪ Specialty in advancing exploration programs through Preliminary Economic Assessment, Feasibility Study and into production

▪ Managed exploration through production at Kupol Mine in Russia, Jabali Mine in Nicaragua and Montana open-pit in the Philippines

▪ +20 yrs experience as professional geologist▪ VP Exploration for First Mining Gold and former Exploration Director of

Sabina Gold & Silver Corp▪ Co-Award winner of North-western Ontario Prospectors Association

Discovery of the Year award

▪ +15 yrs of international finance experience including banking, capital markets, venture capital and corporate advisory

▪ Co-founder of Reyna Silver & Infinitum Copper; Advisor of Emerging Markets Capital, a Hong Kong Mining Investment firm

▪ Former banker at Millennium BCP and Barclays Capital

▪ +25 yrs as a Mining Engineer & Turnaround Specialist▪ President & COO McEwen Mining (CAD$800 M mkt cap)▪ Track record for successful new mine advancement and development

and optimization of existing mines in Canada and abroad

▪ +30 yrs experience in exploration and mine operations in British Columbia as a professional geologist

▪ Received 2016 E.A. Scholz Award for Excellence in Mine Development for his role in the development/permitting of Imperial Metals’ Red Chris mine

▪ Former President and CEO of Sun Metals

MARCO ROQUE

President & CEO

CHRIS STEWART

Director

JAMES MAXWELL

Technical Advisor

STEVE ROBERTSON

Director

▪ +30 yrs in extractive resource sector▪ President & CEO of IAMGOLD (CAD$2Bn mkt cap) from 2010-2020▪ Previously Executive VP Gas Transportation & International with Enbridge

Inc., President & COO of TransCanada Energy

STEPHEN LETWIN

Chairman

Key Board, Management & Advisors

▪ +49 yrs of international exploration experience ▪ Previous Executive VP for Ivanhoe Mines Limited from 1995-2012▪ Member of the joint discovery team for the super-giant Hugo Dummett

deposit at Oyu Tolgoi in Mongolia▪ Co-recipient of the 2004 PDAC's Thayer Lindsley Award

DOUG KIRWIN

Technical Advisor

▪ +25 yrs of experience in the mining industry as a renowned orogenic gold expert and consultant for major mining companies

▪ Conducted direct, field-based geological studies on deposits collectively containing >600Moz and >2Boz Ag including deposits in the Carlin Trend and the Abitibi Greenstone Belt

DAVE RHYS

Technical Advisor

VERN SHEIN

VP Exploration

https://cassiargold.com/system/uploads/CGC-NewsRelease-20201231.pdf

https://cassiargold.com/system/uploads/20201013164919MRL-NewsRelease-08112020.pdf

https://cassiargold.com/system/uploads/20201105124417CSC-Newsrelease-20201105.pdf

https://www.linkedin.com/in/marcobroque/

https://www.linkedin.com/in/chrisstewartpeng/

https://www.linkedin.com/in/steve-robertson-54615629/

https://www.linkedin.com/in/stephenletwin/

https://www.linkedin.com/in/james-maxwell-86b5ab32/

https://www.linkedin.com/in/chrisstewartpeng/

https://www.linkedin.com/in/david-rhys-76bb6088/

https://www.linkedin.com/in/vernon-shein-486735ba/?originalSubdomain=ca


0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Capital Structure (CAD)

Institutional

25%

Retail & Others

53%

Insiders22%

Shareholders

TSX.V: GLDC | OTCQX: CGLCF | FRA:756

Shares Outstanding 64,099,317

Options, RSUs/DSUs1 5,269,000

Warrants2 22,201,075

Fully Diluted 91,569,392

Price per Share* $1.24

Market Capitalization* $79.5 M

Cash Position (Dec 30/21) $3.3 M

Analyst Coverage

*as of February 23, 2022

Koby Kushner [email protected]

Attractive Valuation Upside with Strong Insider & Institutional Ownership Support

1 Options priced between $0.45-$1.25 with expiry between February 2022 to August 2026. See Appendix for more details. 2 Warrants priced between $0.60 -$0.90 with expiry between Dec 2021 to Aug 2023. Potential proceeds from warrant exercise is $18.6M. See Appendix slide for more details

7TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 7

Community EngagementOur company and crew are dedicated to the communities we live in, the communities we work with and the lands we work on. We strive for our personal and professional lives to reflect our values: volunteering our time and resources for several local groups &organizations and maintaining strong community pride.

EnvironmentWe pride ourselves on learning, listening and collaborating on the highest level of environmental standards. Our partnerships with local environmental groups expand our knowledge and resource base to constantly strive for the best in our personal lives, our office operations and our field work.

Local Economic ImpactFrom the people we hire, to the businesses we support, we are connected to the local economy. Local, non-discriminatory hiring and the use of local suppliers and businesses connect us with our communities. Our team members are dedicated to strengthening the local economy, not only in our purchasing and hiring, but also through our volunteer organizations and lifestyles.

Cassiar Gold acknowledges, respects, and supports the rights of the Kaska Dena First Nations on the lands and communities where we operate.

Over the past two years, Cassiar Gold has engaged with our local community to support initiatives such as the construction of a local hockey rink, local hires, site clean up/assessment.

Organizations that our team members are activity involved with:

➢ Chamber of Mines - Board member

➢ Columbia Institute for Renewable Energy -Board Member

➢ Volunteer Fire Department - Volunteer

➢ Bear Smart Community and StreamkeepersSociety - Supporters

Committed to our Communities & Sustainability

OUR VALUES


Cassiar Gold Property Overview

▪ 100% owned, 59,000-hectare district-scale orogenic gold systemin highly supportive jurisdiction of northern BC, Canada

▪ Advanced infrastructure benefits: Provincial Hwy 37 bisects the property, permitted 300 tpd mill (gravity/flotation) on site, 160 km of property access roads, 25 km of underground workings, permanent camp and water

▪ TWO KEY PROJECT AREAS:

1) CASSIAR NORTH (North of Hwy 37): near-surface, bulk-tonnage Taurus Deposit hosting 1 Moz Au @ 1.43 g/t Au

2) CASSIAR SOUTH (South of Hwy 37): Past-producing high-grade quartz vein deposits (+15 g/t Au) open along strike; similar mineralization style to Barkerville and Fosterville

▪ Multi-million-oz gold resource potential with ~25 high-grade and bulk-tonnage targets across property

Snow Creek

CASSIAR SOUTHHigh-Grade Vein Targets

(15-25 g/t Au)

CASSIAR NORTHBulk-Tonnage Disseminated &

High-Grade Vein Targets


N

9

Cassiar South Area

Main Mine Portals

Cusac and Bain Portals

Wings Canyon Target

Former Taurus Mine Site

Cassiar North Area

Cassiar Gold Terrain

View of property area looking south from the Lucky prospect in the northwestern project area

Hwy 37

TSX.V:GLDC | OTC: CGLCF

Mill Site and TMF

Core Facility and Office

30-Person Camp

Taurus Deposit Areas


▪ In addition to having exploration permits, there are two active mine permits on the property (green/orange areas on map):

1. Taurus Gold Mine Permit covers Taurus deposit, tailings pond (500,000 tonnes @ 0.97 – 1.25 g/t Au) and mill

2. Cassiar South (aka Table Mountain) Permit covers all past-producing mine areas

▪ Permitted 300 tpd mill produced both gravity and flotation concentrates that were sold offsite. Recoveries averaged 93% at Cassiar South veins with room for optimization.

▪ Mill was rebuilt in 1986 and was in production until 2007 and refurbished in 2010.*

10

Permitted Erickson Mill Facility, Cassiar Gold Project

Advanced Infrastructure & Mine Permits in Place

*Source: October 2017 NI43-101 Technical Report by Paul Cowley, P.Geo


High-grade Vein Targets

Cassiar Gold Property - Schematic Longitudinal Section, Looking West

~15km Trend

Multi-Million Ounce Discovery Potential

CASSIAR SOUTHHigh-Grade Vein Targets

CASSIAR NORTHBulk Tonnage Disseminated & High-Grade Vein Targets


▪ Past production of 34,000 oz at a recovered grade of 3.8 g/t Au2 at the Taurus underground mine from 1981-1988.

▪ NI43-101 compliant 2019 Inferred Mineral Resource Estimate of 1Moz @ 1.43 g/t Au using 0.70 g/t cut-off grade.

▪ Favourable topography, good access, open-pittable, flat-lying mineralization from surface to 250 m depth

▪ Mineralization is only constrained by drilling and is open laterally in all directions and at depth

1 Zelligan, 2019. National Instrument 43-101 Technical Report on the Cassiar Gold Property (Amended), prepared for Margaux Resources Ltd., revised Nov. 12, 20192 Historical production figures from Taurus MINFILE Production Detail Report, file number 104P 012, BC Geological Survey.

Au g/t Cut-off Tonnes Au (g/t) Au (oz)

0.50 29,970,000 1.20 1,161,0000.60 25,650,000 1.32 1,084,000

0.70* 21,830,000 1.43 1,005,000

0.80 18,770,000 1.54 931,0000.90 16,000,000 1.66 855,000

2019 NI 43-101 Taurus Inferred Mineral Resources1

Cassiar North: Taurus Gold Deposit

* A cut-off of 0.7 g/t was chosen based on the results of metallurgical and rock-sorting studies.

Topography

0.5 g/t Au cut-off grade shells

Sedimentary ContactTaurus Shear

100 m

900m

Taurus Deposit - Long section 6570370N, looking north

* A cut-off of 0.7 g/t was chosen based on the results of metallurgical and rock-sorting studies.

Taurus Resource Gradeshell

Mineralization open laterally

https://cassiargold.com/presentations/CGC-NI43-101.pdf


Hole ID Length Au Target20TA-102 17.60 m 1.00 g/t Au

Taurus Infill120TA-104 14.85 m 2.27 g/t Au20TA-107 6.81 m 2.40 g/t Au20TA-108 23.75 m 1.79 g/t Au20TA-112 4.8 m 3.90 g/t Au20TA-109 13.69 m 1.29 g/t Au

Taurus West Fault Hanging Wall2

20TA-110 11.35 m 3.71 g/t Au20TA-111 29.65 m 0.97 g/t Au20TA-118 15.25 m 1.45 g/t Au20TA-119 32.79 m 1.78 g/t Au20TA-106 8.70 m 1.45 g/t Au Wings Canyon2

20TA-115 76.28 m 1.00 g/t Au

Sable320TA-116 18.22 m 5.43 g/t Au20TA-121 15.90 m 1.34 g/t Au20TA-122 9.80 m 1.66 g/t Au20TA-114 83.42 m 1.20 g/t Au

Central Taurus3

20TA-120 9.59 m 2.51 g/t Au20TA-124 3.98 m 2.71 g/t Au North Taurus3

1 https://cassiargold.com/system/uploads/20201110094016CGC-NewsRelease-20201110.pdf, 2 https://cassiargold.com/system/uploads/20201201060742CGC-NewsRelease-20201201.pdf3 https://cassiargold.com/system/uploads/20201208060418CGC-NewsRelease-20201208.pdf

Taurus Gold Deposit: Highlights of 2020 Drilling

▪ 5,000-metre drill program in 2020 successfully extended mineralization between past drill holes to confirm continuity of mineralization

▪ Additional exploration targets were drilled which encounteredmineralization, including 10 m @ 1.80 g/t Au at Wings Canyon Target

▪ Highlights from 2020 drill program include:

https://cassiargold.com/system/uploads/20201110094016CGC-NewsRelease-20201110.pdf




Two Mineralization styles:

1) ENE trending, steeply dipping sets of sheeted quartz extension veins associated with steep, WNW trending shear zones

2) Broad zones of disseminated pyrite-mineralization in carbonate altered mafic volcanic rocks surrounding structures, especially near Taurus West Fault

Taurus Gold Deposit: Mineralization Styles

Free gold in extension vein (T4), drill hole TA09-25

Free gold in extension veins, drill hole TA09-41

Sheeted veins in discrete T3 carbonate-pyrite alteration

88 Hill extension veins Vein with T3 coarse pyrite envelope

▪ Outcropping mineralization with low potential strip ratio

▪ Veins have envelopes of coarse pyrite-Fe-carbonate and contain accessory tetrahedrite, arsenopyrite and native Au

▪ Vein density, alteration intensity and shear zone distribution aid in defining and modeling higher grade corridors of mineralization

Historical Taurus Underground Portal


Taurus Gold Deposit: 2021 Drill Campaign

▪ 15 holes totalling 4,098 m (expanded from 3,000 m program)

▪ Aimed at defining/confirming higher-grade mineralized areas where historical drilling was widely spaced (~100 m apart) and to test the potential for expansion of the deposit footprint laterally and at depth

▪ EXCEPTIONAL RESULTS AS HIGHLIGHTED BELOW 1,2,3,4 :

Distribution of 2021 drill holes at Taurus deposit. Surface projection of 2019 0.5 g/t Au grade shell is shown for reference (from Zelligan, 2019). Blue box in

inset map shows location within the overall Cassiar Gold property.

Hole ID From Length Au Target21TA-129 16.9 m 23.2 m 3.56 g/t Au

88 Hill & Gap Zones

21TA-125 123.4 m 13.1 m 3.53 g/t Au

21TA-125 70.2 m 37.8 m 1.80 g/t Au

21TA-125 9.9 m 52.3 m 1.16 g/t Au

21TA-134 172.9 m 45.5 m 2.40 g/t Au

Northwest Zone21TA-132 180.1 m 45.6 m 1.83 g/t Au

21TA-134 98.2 m 35.5 m 1.59 g/t Au

21TA-118 24.7 m 41.3 m 1.05 g/t Au

21TA-135 194.2 m 34.9 m 2.56 g/t Au

West Zone21TA-128 11.0 m 118.6 m 1.01 g/t Au

21TA-128 349.7 m 45.3 m 1.29 g/t Au

21TA-138 12.7 m 46.5 m 1.12 g/t Au

21TA-137 21.3 m 119.0 m 0.72 g/t Au Southwest Zone

21TA-139 11.0 m 150.7 m 0.65 g/t Au

1 https://cassiargold.com/system/uploads/CGC-PressRelease-20211122.pdf , 2 https://cassiargold.com/system/uploads/CGC-PressRelease-20211115.pdf, 3 https://cassiargold.com/read/auto-news-1641472200, 4https://cassiargold.com/read/auto-news-1641997392

*Significant results based on a >0.5 g/t cutoff

https://cassiargold.com/system/uploads/CGC-PressRelease-20211122.pdf

https://cassiargold.com/system/uploads/CGC-PressRelease-20211115.pdf

https://cassiargold.com/read/auto-news-1641472200

https://cassiargold.com/read/auto-news-1641997392


Taurus 2021 Drill Results – 88 Hill & Gap Zones

Vertical section through drillholes 21TA-129 and 21TA-127 at the 88 Hill Zone. A slice through the 2019 0.5 g/t Au gradeshell1 looking west toward 259° is shown for reference.

▪ Four holes drilled in the central portion of the Taurus deposit successfully confirm the presence of continuous zones of higher-grade, shallow (<100 m vertical depth) gold mineralization in the 88 Hill and Gap zones

Vertical section through drillhole 21TA-125 at 88 Hill Zone. A slice through the 2019 0.5 g/t Au1 gradeshell is shown for reference

1 Zelligan, 2019. National Instrument 43-101 Technical Report on the Cassiar Gold Property (Amended), prepared for Margaux Resources Ltd., revised Nov. 12, 2019


Taurus 2021 Drill Results – Northwest Zone

Vertical section along drillhole 21TA-132, looking north. Gold mineralization occurs in a broad corridor above the north-trending Taurus West fault. 0.5 g/t Au

gradeshell1 is shown for reference

▪ Five holes drilled in the Northwest Zone successfully confirm the presence of continuous zones of higher-grade, shallow (<200 m vertical depth) gold mineralization

Vertical section along drillhole 21TA-134. Gold mineralization occurs in a broad zone above the north-trending Taurus West fault. 0.5 g/t Au gradeshell1 is shown for

reference



Taurus 2021 Drill Results – West Zone

Vertical section showing 21TA-135 and 21TA-136 at West Taurus, looking southwest. A slice through the 2019 0.5 g/t Au gradeshell is shown for reference (from Zelligan, 2019).

▪ Three holes drilled in the West Zone confirmed the potential for the resource to expand at depth (hole 21TA-128) and internally between gaps in the known resource

Vertical north-south section looking west through drillhole 21TA-128. A slice through the 2019 0.5 g/t Au gradeshell is shown for reference (from

Zelligan, 2019).



Taurus 2021 Drill Results – Southwest Zone

Vertical section through drillhole 21TA-139 at Southwest Taurus, looking west-southwest. A sectional view through the 2019 0.5 g/t Au resource gradeshell1 is shown for reference

▪ All three holes returned substantial intervals of gold mineralization from surface

▪ Includes a step-out drill hole (21TA-139) located over 100 m from the resource model which intersected 150.7 m of 0.65 g/t Au from 11 m downhole, significantly expanding the deposit footprint and further indicating that mineralization is open to the south

Vertical north-south section looking west through drillholes 21TA-137 and 21TA-138. A sectional view through the 2019 0.5 g/t Au resource gradeshell1 is shown for reference



▪ Historical production of ~316,000 oz (1979-1997) from four vein systems and 17 portals with recovered grades of ~10-20 g/t Au with mine dilution

▪ 2010 Historical Resource of ~70,000 oz grading >18 g/t Au adjacent to existing mine workings was never exploited and opportunity exists to confirm and expand the resource for near-term production

▪ THE OPPORTUNITY: Many past-producing vein systems open along strike; other known vein targets not adequately explored; potential for veins to be discovered lateral to and below known veins

Past Production from High-Grade Veins (BCGS Minfile)

Veins Year Mined Tonnes Ave. Grade

Gold g/tOz Gold

Jennie-Maura-Alison-Bear (Main) 1979-1988 300,000 17.14 150,000Eileen-Michelle-Lily (Cusac) 1986-1997 150,000 20.57 90,000West Bain (Bain) 1993-1995 60,000 13.71 24,000Vollaug (Vollaug) 1980-1997 170,000 10.29 50,000Bear (Main) 1998 - - 1,000Rory (Main) 2006-2007 6,500 3.43 651

15.76 315,651

* Pearson and Bakker, 2010. Technical Report on the Table Mountain Property – Liard Mining District, B.C., for Hawthorne Gold Corp. Please note that this resource estimate was prepared for a previous operator. While it was completed in compliance to NI 43-101 standards, Cassiar Gold has yet to verify this resource and considers it a Historical Resource. 20

Cassiar South: High-Grade History

Category Tonnes Au g/t uncut Gold oz uncut

Indicated 21,471 18.02 13,650

Inferred 65,757 24.30 56,360

Cut-off grade = 3.0 g/t Au

2010 Table Mountain Historical Resource Estimate*

Sample from Cassiar South area: massive, coarse quartz with massive sulfide and networking visible gold stringers

East Bain Mine Portal


Cassiar South: Classic Orogenic Gold Veins

▪ Quartz-carbonate pyrite-tetrahedrite + visible-gold-bearing shear veins with moderate-to-steep north and locally south dips in mafic volcanic rocks

▪ Veins occur in competent mafic rocks and branch off gently dipping thrust surfaces (shear zones) that are localized along carbonate altered ultramafic (listwanite) and sedimentary units.

▪ Veins are spaced 10s to 100s of meters apart and stacked in multiple mafic units -- potential for untested vertical and lateral repetition

▪ Mined veins typically ranged from 0.5-4 m thick with 30-150 m dip lengths and strike lengths locally of >600 m (eg. Bain, Vollaug)

Listwanite shear zone with quartz vein, Bain area

A C

B

A

C

Schematic section, Main Mine, looking west

West Bain vein Main Mine Shear Vein Listwanite shear zone with quartz vein, Bain area

BA CQuartz with gold + pyrite bands


Cassiar South: 2021 Drill Program

▪ 2021 drill program consisted of 7,191 m in 19 holes

▪ Aimed at testing: (1) lateral and down-dip extensions of historically producing vein areas; (2) high-grade targets in prospective high-potential open and previously untested areas of favourable geology

▪ Initial results from the Bain Vein include 4.8 m of 35.1 g/t Au, including 0.4 m of 270.0 g/t Au; and 6.4 m of 12.6 g/t Au, including 2.95 m of 25.7 g/t Au

▪ Results from 13 more holes pending

Vertical long section looking southeast at the Bain vein system with 2021 Cassiar South initial drillhole results

Potential to test for

parallel, blind veins and vein

extensions


Sheep Creek Camp Overview

▪ 3,939-ha camp consisting of the Sheep Creek and Bayonne properties

▪ Third largest past-producing orogenic gold district in BC behind Barkerville and Bralorne

▪ Total production from 1900 to 1951 from 1.72 Mt of ore: 742,000 ounces of gold @ 14.7 g/t Au, ~365,000 ounces of silver, 377,000 lbs of lead and 312,000 lbsof zinc1

▪ Geological analogue to Barkerville and the Cassiar Gold District – camp hosts 60-70 gold-bearing quartz veins with the potential to carry high-grade gold; little modern exploration conducted since the 1950s

▪ Full compilation and review of exploration opportunities and approaches for exploration now underway

1 August 17, 2017, NI43-101 Technical Report on the Sheep Creek Project authored by Robert A. Lane, MSc, PGeo.


Sheep Creek Exploration Potential

Sheep Creek Property (2,800 ha):

▪ 10 km belt with 70+ known veins

▪ Individual veins exploited over 950 m strike length, up to 500 m depth

▪ Strong structural & stratigraphic control to veining

Bayonne Property (1,140 ha):

▪ Veins hosted entirely within granodiorite

▪ 10 known veins

▪ Historic production from the Bayonne Main vein and A vein splay (950 m strike, 250 m down dip)

58.63 g/t Au

In addition to extensions of known veins and additional parallelveins, there is untested potential for unexposed stacked veinswhere additional, competent folded units lie below the areas ofhistorical mining, especially in anticlinal hinges.

Sheep Creek Gold Belt Mine

Donnybrook adit, Sheep Creek Project

25TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 2020 Drilling at Cassiar Gold Project

Upcoming Catalysts


Project Diversification with Sheep Creek Project

• Located on the same inland orogenic gold belt as Cassiar Gold and Cariboo-Barkerville

• High-grade vein systems similar to Cassiar South project area

• Company is reviewing exploration opportunities and approaches for 2022

Aggressive 2022 Drill Campaign at Cassiar Gold Property

• Planning underway for a 20,000-30,000 m drill program in 2022 covering both Cassiar North & Cassiar South

• Anticipated drilling breakdown: - 40-50% on Cassiar North- 25-45% on Cassiar South- 10-25% on regional targets

Cassiar South Drill Results in Q1/2022

• 13 holes pending from the East Bain, Cusac, Bridge, Hot and Vollaug veins


2022 Exploration Plans for Cassiar North

More aggressive exploration program planned in 2022 aimed at:

1) Stepping out beyond the resource and defining higher-grade corridors internal to the deposit to expand/upgrade the resource

2) Testing of nearby high-priority regional targets including Wings Canyon, Lucky and Snow Creek (see below)

Snow Creek: sheeted Taurus style vein sets over >1.4 km

strike length

Wings Canyon: Extensive quartz veining, 2018 drilling includes 128.5 m of 0.56 g/t Au and 90.6 m of 0.55 g/t Au

Lucky: sub cropping veins with large multi-element soil

anomaly, high on ridge

Snow Creek


Average EV/oz = $95.46 /oz

$5.00

$105.00

$205.00

$305.00

$405.00

$505.00

$605.00

$0.00

$25.00

$50.00

$75.00

$100.00

$125.00

$150.00

$175.00

$200.00

EV/o

zEn

terp

rise

Val

ue

(mill

ion

$C

AD

)

Enterprise Value EV/Oz

*No resource estimate; no EV/oz value As of February 11, 2022

Thesis Gold*

Gold Mountain

TaliskerResources

Benchmark Metals*

QuestexGold and Copper*

Equity Metals

WesthavenGold

TDG Gold*

Scottie Resources*

Decade Resources*

Cassiar Gold

Spanish Mountain

~C$54 EV/Oz below peer average

Peer Comparables


SIGNIFICANT RESOURCE WITH SUBSTANTIAL GROWTH POTENTIAL

SAFE MINING JURISDICTION AND EXISTING INFRASTRUCTURE

WORLD-CLASS LEADERSHIP TEAM

COMMITTED TO LEADING WITH SUSTAINABILITY

ATTRACTIVE VALUE UPSIDE

Summary

Appendix


Cassiar Gold Rush Heritage Sign, ©letsridebikes.ca

Discovery of placer gold at McDame Creek started the gold rush in the area, where a record-breaking 72 oz gold nugget was found

Discovery of first gold-bearing quartz veins followed by ~40 years of only small-scale mining of various operators

Start of larger mining operations that took place at (South Cassiar) Main, Cusac, Bain and (North Cassiar) Taurus mines producing a total of 350Koz gold in total until 1998

Discovery of Taurus West deposit by International Taurus Resources

Consolidation of the entire Cassiar gold property by Hawthorne Gold. Drilling led to an updated resource estimates for both Taurus (North Cassiar) and Table Mountain (South Cassiar)

Hawthorne subsequently became Wildsky Resources, who continued exploration of North and South Cassiar area until 2018

Margaux entered into an agreement to acquire 100% interest in the project. The company released a NI 43-101 compliant report for the current 1 Moz resource estimate at Taurus1

Margaux exercised its option to fully acquire the project and rebranded to Cassiar Gold Corp. Cassiar Gold completed a 5,000 m-drilling program that confirmed the potential to increase the Taurus Resource

1872

1934

1979

1994

2008

2011

2019

2020

The Rich History of Cassiar

31TSX.V:GLDC | OTCQX: CGLCF | FRA: 756 2020 Drilling at Cassiar Gold Project

Recent Key Milestones


Jul 2020

New management team; C$4.5M

financing

Aug 2020

5,000-m drill campaign at

Cassiar North; Doug Kirwin

joins Advisory Board

Sept 2020

Cassiar Project option exercised; 5:1 share roll back and name change

to Cassiar Gold

Oct 2020:

C$6.5M financing

completed

Nov 2020

David Rhys joins advisory

board

Dec 2020

2020 drill campaign results

H1/2021

Updated Cassiar South and Cassiar

North Geological

Models

Mar 2021

Steve Letwin joins as

Chairman; Steve

Robertson joins the

Board

May 2021

Uplisting to OTCQX

Jun 2021

11,000 m drill campaign focused at

Cassiar North & South

Aug 2021

C$3.5M financing

completed led by Crescat

Capital

Oct 2021

Initial drill results from

Cassiar South project area

Nov 2021

Initial drill results from

Cassiar North project area

Jan 2022

All drill results from Cassiar

North Released


Geological Setting

▪ Cassiar Gold property located on inland BC orogenic gold belt (140-120 Ma) - a younger equivalent to geological setting in the Abitibi Greenstone Belt, West Africa and Western Australia (eg. Fosterville)

▪ Belt includes Cariboo-Barkerville (>5 Moz), Sheep Creek (0.7 Moz) and Cassiar Gold District (>0.4 Moz)

▪ Cassiar Gold District is hosted by the Sylvester Allochthon, a portion of the Slide Mountain ophiolitic terrane composed of stacked, shallow dipping thrust panels of Paleozoic to early Mesozoic mafic volcanic rocks, ultramafic sills and fine-grained siliciclastic sediments


Cassiar Property Geology

▪ Host rocks are a stacked sequence of gently dipping competent mafic volcanic rocks layered with weaker altered ultramafic (listwanite) and fine-grained sedimentary units (ophiolite sequence).

▪ Shallow dipping high strain zones with carbonate-sericite alteration are localized along the weaker listwanite and sedimentary units, acting as structural control and fluid conduits to vein systems

▪ Gold-bearing veins formed in stacked mafic volcanic panels in NW-side down, apparent normal shear zones that accommodate displacement between weaker units.

Pillowed mafic volcanic Listwanite Carbonaceous sediments


Warrant Expiry and Price # Issued

Jul 2022 @$0.60 11,973,880

Jul 2022 @$0.70 2,448,371

Nov 2022 @ $0.90 4,785,848

Aug 2023 @ $0.675 5,833,332

Total 25,041,431

Potential proceeds from the exercise of warrants

C$18,570,983

Warrant Schedule

Options Expiry and Price # Issued

Feb 2022 @ 1.58 35,000

Aug 2022 @ $1.50 162,000

Jun 2023 @$1.25 198,000

June 2024 @ $0.50 585,000

Aug 2025 @ $0.75 1,150,000

Mar 2026 @ $0.60 1,764,000

Aug 2026 @ $0.45 150,000

Nov 2026 @ $0.79 650,000

Nov 2026 RSUs & DSUs 610,000

Total 5,304,000

Options Schedule

Capital Structure Breakdown

Cassiar Gold Corp.15th Floor, Bankers Court 850 2nd Street SW Calgary, AB T2P 0R8

Contact:Shirley Anthony, VP Investor Relations & CommunicationsE-mail: [email protected]: +1 778 999 2771Website: www.cassiargold.com

Follow us on:

@CassiarGoldCorp

@CassiarGoldCorp

@CassiarGoldCorp

Cassiar Gold Corp

https://ca.linkedin.com/in/shirley-anthony-5a93348

corporate presentation november 2021 - cassiar gold

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