JUNE 2020 INVESTOR PRESENTATION

Cautionary Statement

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This presentation is strictly confidential and any disclosure, use, copying and circulation of this presentation is prohibited without the consent of Golden LakeExploration Inc. (“The Company”).

The information contained in this presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for orpurchase the securities discussed herein in any jurisdiction. Neither this presentation nor any part of it shall form the basis of, or be relied upon in connection withany offer, or act as an inducement to enter into any contract or commitment whatsoever. No representation or warranty is given, express or implied, as to theaccuracy of the information contained in this presentation.

This presentation contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry inwhich it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts. The forward-lookingstatements, contained in this presentation, including assumptions, opinions and views of the Company or cited from third party sources are solely opinions andforecasts which are uncertain and subject to risks. A multitude of factors can cause actual events to differ significantly from any anticipated development. Neitherthe Company nor any such person’s, officers or employees guarantee that the assumptions underlying such forward-looking statements are free from errors andomissions nor do any of them accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of theforecasted developments.

The information contained herein has been prepared to assist the recipients in making their own evaluation on the Company and does not purport to contain allinformation that they may desire. In all cases, the recipients should conduct their own investigation and analysis of the Company, its business, prospects, results ofoperations and financial condition as well as any other information the recipients may deem relevant.

The Company does not make any representation or warranty, express or implied, as to the accuracy or completeness of this presentation or of the informationcontained herein and shall have no liability for the information contained in, or any omissions from, this presentation, nor for any of the written, electronic or oralcommunications transmitted to the recipients (including without limitation its directors, employees, representatives and advisors).

Neither the receipt of this presentation by any recipients, nor any information contained herein or supplied herewith or subsequently communicated in written,electronic or oral form to any person in connection with the contemplated issue of shares in the Company constitutes, or shall be relied upon as constituting, thegiving of investment advice to any such person. Each person should make their own independent assessment of the merits of investing in the Company and shouldconsult their own professional advisors. By receiving this Presentation you acknowledge and agree that you will be solely responsible for your own assessment ofthe market and the market position of the Company and that you will conduct your own analysis and are solely responsible for forming your own opinion of thepotential future performance of the Company’s business.

Golden Lake has acquired an option to earn a 100% interest in a strategic, marquee gold project in the prolific Battle Mountain-Eureka gold trend of Nevada. The Jewel Ridge project is located in the Eureka mining district and consists of 96 unpatented lode mining claims and 30 patented claims totaling approximately 728 hectares.

With an excellent data-base of short RC drill holes and extensive geochemical samples, Golden Lake will fast-track target identification with hopes to begin drilling in early 2020.

Jewel Ridge Project

Project Highlights

Ticking All The Boxes

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Formula For Success

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Catlin Shaft. Power-house and small tram (circa 1919, Nevada Mining Press). The old Dunderberg ore dumps are shown high up on the hill.

The Jewel Ridge project covers a key portion

of the north-south Hamburg/Dunderberg

trend with the former Barrick Ruby Hill mine

and property to the north, and the Timberline

Resources Corp.’s Eureka property to the

south. Multiple targets occur on the property

with Carlin-type gold mineralization.

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The deposit types of interest at Jewel Ridge are Carlin-type,

sedimentary rock-hosted, gold deposits and carbonate

replacement deposits. Carlin-type deposits include many

deposits that occur in the Battle Mountain-Eureka Trend, Carlin

Trend and other well-known mineral trends in north central

Nevada. Jewel Ridge is located adjacent to, and south of, the

former Ruby Hill gold property, which was operated by

Homestake Mining Company from 1997 until 2002 and produced

about 680,000 ounces of gold from the Archimedes open pit. In

February 2007, Barrick Gold Corp. commenced production on a

1.1-million-ounce gold resource from the adjoining East

Archimedes deposit. From 1976–2012, production from these

Carlin-type deposits in the Eureka district was approximately

44.9 tonnes (1.38 million ounces) of gold (NBMG, 2014).

Jewel Ridge Project

Local Geology

Geological modeling of Jewel Ridge is targeting a large tonnage gold deposit with important silver values, over a north-south trend

of at least 4 km where mineralization appears to be continuous along the Hamburg-Dunderberg contact.

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The Jewel Ridge property has a data base of over 360 short drill holes

(mostly RC), extensive soil and rock geochemistry, and excellent

geological mapping. This represents millions of dollars of previous

exploration expenditures and allows Golden Lake to fast track the

vectoring of high priority targets. Golden Lake will also conduct state-of-

the art airborne and geophysical surveys to aid targeting. In addition,

recently there have been significant “break-thru” geological insights that

have refined the Carlin-type deposit model that can be applied on the

Jewel Ridge project.

The Value of Data

Priority South Eureka Drill Target• 82 holes, avg depth 47 meters. 50 holes mineralized. Hit:miss ratio, 1.6 drilled, hit Au

• Target not drilled since the 1980s (tenure issues). 2012 patented claims acquired

• 20% of holes ended in or near gold mineralization

• Avg of 50 holes, 17.1 m, @ 1.16 g/t Au. At a 0.9 g/t Au cutoff, avg 15.1 m @ 1.98 g/t Au

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Jewel Ridge Project

Top 15 Drill InterceptsTarget Hole From

(m) To (m) Width (m) Au g/t TD (m) M*Au

South Eureka V25 0 27.4 27.4 5.51 45.7 151

South Eureka N8536 0 21.3 21.3 4.21 21.3 90

South Eureka VA5 0 24.4 24.4 3.48 47.2 85

Hamburg-Croesus HRC11 94.5 135.6 41.1 2.01 164.6 83

Jewel Ridge & NJR HRH833 91.4 114.3 22.9 3.35 169.2 77

Jewel Ridge & NJR HRH834 16.8 35.1 18.3 3.73 123.4 68

Jewel Ridge & NJR HRH831 21.3 38.1 16.8 3.56 202.7 60

Jewel Ridge & NJR HRH1465 115.8 137.2 21.3 2.75 379.5 59

Hamburg-Croesus N8422 61.0 73.2 12.2 4.11 115.8 50

Hamburg-Croesus N8423 42.7 57.9 15.2 3.00 79.2 46

South Eureka VA6 0 24.4 24.4 1.87 33.5 46

South Eureka N8531 12.2 22.9 10.7 3.69 22.9 39

Jewel Ridge & NJR PL7 4.6 10.7 6.1 5.87 62.5 36

Jewel Ridge & NJR PL1 7.6 29.0 21.3 1.38 50.3 29

South Eureka VA12 0 33.5 33.5 0.85 54.9 28

Weighted Average 21.1 2.98

Catlin Mine Present Day Courtesy of Richard Baker 2015

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Mr. England has been involved in the public

markets since 1983, beginning his career

working at the Vancouver Stock Exchange as

a floor trader. Since 1995, Mr. England has

been directly involved with public companies

in various roles, including investor relations,

directorships and senior officer positions. To

date, Mr. England has been directly

responsible for raising in excess of $60-million

for mineral exploration and acquisitions.

Michael B. EnglandCEO, PRESIDENT & DIRECTOR

Management & Directors

Vic is a Chartered Professional Accountant

with more than 50 years experience in the

mining industry. Vic currently serves as a

Director and Chairman of the Board with BTU

Metals Corp. and has an impressive track

record including more than 15 years with

Cominco Ltd. and McIntyre Mines Ltd. and as

Chairman of Osisko Mining Corp from

November 2006 up to its sale for $4.1 billion

to Agnico Eagle and Yamana in June, 2014.

Over the past 30 years Vic has founded,

financed and operated several mining and

advanced stage exploration and development

companies, including the original Yamana

Gold Inc., Aura Minerals Inc. and Nevoro Inc.

(sold to Starfield Resources).

Vic BradleyCHAIRMAN OF THE BOARD & DIRECTOR

Mr. Mah is a mining engineer with 30 years of

global mining industry experience including

gold, diamonds and base metals. He is a

seasoned mining executive having well-

rounded experience and is currently the COO

of McEwen Mining Inc. Mr Mah’s past positions

include President of Avanti Kitsault Mines Ltd.,

Chief Operating Officer of Alloycorp Mining

Inc., Chief Operating Officer and Executive

Vice President of Luna Gold Corp., and Group

Executive, Newmont Mining Corp.

Peter MahDIRECTOR

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John has an exploration history of over 45 years with several junior and major

mining companies to explore for geothermal energy, precious metals and

industrial minerals. As such, he was on several exploration teams that are

credited with eight discoveries of which 5 became mines that are still

producing. He has also been successfully exploring for and defining lithium

prospects since 2009.

John HinerDIRECTOR

Management & Directors

Mr. Masters brings over a decade of experience working with public companies.

He has served as Director, CFO and Secretary in numerous public companies

primarily in the junior mining industry giving him a truly diverse knowledge base

in the administration field.

John MastersCFO & CORPORATE SECRETARY

Ms. Jensen has over 15 years of experience working in the capital markets and

has extensive experience in marketing. Ms. Jensen has worked with hundreds

of public companies in various sectors, and her passion lies in sales and

marketing with a focus on strategy.

Twila JensenDIRECTOR

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Giulio Bonifacio has over 30 years of experience in senior executive roles in the mining

industry. Mr. Bonifacio is the Founder and former Director, President & CEO of Nevada

Copper Corp. since its inception in 2005 until his retirement in February 2018. Among his

many accomplishments Mr. Bonifacio has raised directly over $700 million through equity

and project debt financings for projects of merit as well as being involved in corporate

transactions aggregating in excess of a billion dollars. Mr. Bonifacio has led and directed

efforts at every stage of development from exploration, development, permitting and

construction.

Giulio BonifacioDIRECTOR

Advisory Board

Bob's 5 year stint at Hemlo included the role of Chief Geologist at the Williams Mine (at the time, the largest gold mine in Canada) for Lac Minerals Ltd., and was

with the project from late exploration, through development and construction, to production at 6000 tonnes per day. Bob also has extensive exploration

experience in the Hemlo, Thunder Bay area, and Abitibi greenstone belts, for gold and VMS (Volcanogenic massive sulphide) deposits. In the USA, Bob was with

Equinox Resources Ltd. (taken over by Hecla Mining Company) and involved with the exploration, permitting and underground development of the Rosebud

gold deposit in Pershing County Nevada, which was successful mined by Hecla and Newmont. Bob has worked on projects in every county in Nevada, in addition

to Arizona, Utah, Idaho, Washington, New Mexico and California.

Robert WeickerCHIEF TECHNICAL ADVISOR

Mr. Reid is a senior geologist with over 39 years in the mining business, working for major mining companies, with a focus throughout Nevada. His roles with

Newmont Mining Corporation, now Newmont Goldcorp Corp., the largest producer of gold in the world, included Nevada District Exploration Manager,

Exploration Business Development Manager and Chief Geologist for North America. Mr. Reid has been involved with acquisitions of significant mining properties

throughout his career including Newmont's acquisition of Long Canyon from Fronteer Gold Inc., and the acquisition of the Buffalo Valley deposit, which was

subsequently sold to SSR Mining. Richard has extensive experience with Carlin type gold deposits which will be directly applicable to the Company's exploration

focus on the Jewel Ridge gold property. He also was involved with epithermal hosted gold deposits on the Carlin and Battle Mountain-Eureka Trend, including

significant discoveries at the Midas Mine and Florida Canyon Mine.

Richard ReidTECHNICAL ADVISOR

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Share Structure

27,799,668SHARES OUTSTANDING

10,425,333 WARRANTS

2,375,000 OPTIONS

Expiry Price Amount

May 7, 2021 $0.10 342,000

Dec 11, 2021 $0.15 6,000,000

Jun 9, 2022 $0.25 4,083,333

Expiry Price Amount

Oct 1, 2020 $0.11 150,000

Feb 20, 2021 $0.15 250,000

Apr 22, 2021 $0.20 125,000

Jun 1, 2021 $0.17 100,000

Dec 7, 2021 $0.17 150,000

Mar 3, 2022 $0.15 300,000

May 20, 2022 $0.185 100,000

Jun 1, 2022 $0.185 550,000

Sep 12, 2022 $0.11 450,000

Dec 14, 2023 $0.10 200,000

Warrant Schedule Option Schedule

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