A SHIFT IN THE GAME COMMITTED TO CREATING VALUE - TECT: TSX-V TETOF: OTCQB - Tectonic Metals Inc.
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TECT: TSX-V A SHIFT IN THE GAME TETOF: OTCQB COMMITTED TO CREATING VALUE April 2021 T15B: FSE 1 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
FORWARD LOOKING STATEMENT AND NATIONAL INSTRUMENT 43-101 COMPLIANCE All statements in this presentation, other than statements of historical fact, are "forward-looking statements“ or “forward looking information” with respect to Tectonic Metals Inc. (the “Company”) within the meaning of applicable securities laws, including statements that address pro forma capitalization tables, the size and use of proceeds of any proposed financings, the discovery and development of gold deposits, potential size of a mineralized zone, potential expansion of mineralization and timing of exploration and development plans. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions regarding timing of exploration and development plans at the Company’s mineral projects; timing and completion of proposed financings; timing and likelihood of deployment of additional drill rigs; successful delivery of results of metallurgical testing; the release of an initial resource report on any of our properties; assumptions about future prices of gold, copper, silver, and other metal prices; currency exchange rates and interest rates; metallurgical recoveries; favourable operating conditions; political stability; obtaining governmental approvals and financing on time; obtaining renewals for existing licences and permits and obtaining required licences and permits; labour stability; stability in market conditions; availability of equipment; accuracy of historical information; successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Such forward-looking information involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, but not limited to, the cost, timing and success of exploration activities generally, including the development of new deposits; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; uses of funds in general including future capital expenditures, exploration expenditures and other expenses for specific operations; the timing, timeline and possible outcome of permitting or license renewal applications; government regulation of exploration and mining operations; environmental risks; the uncertainty of negotiating with foreign governments; expropriation or nationalization of property without fair compensation; adverse determination or rulings by governmental authorities; delays in obtaining governmental approvals; possible claims against the Company; the impact of archaeological, cultural or environmental studies within property areas; title disputes or claims; limitations on insurance coverage; the interpretation and actual results of historical operators at certain of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; and delays in obtaining financing. The Company's forward-looking information reflect the beliefs, opinions and projections on the date the statements are made. The Company assumes no obligation to update forward-looking information or beliefs, opinions, projections, or other factors, should they change, except as required by law. The Company has implemented a rigorous Quality Assurance / Quality Control (QA/QC) program to ensure best practices in sampling and analysis of RAB drill, soil, rock, and stream sediment samples. All assays are performed by Bureau Veritas Commodities Canada Ltd., with sample preparation carried out at the BV facilities in Fairbanks, AK, USA. Assays are completed at either the Fairbanks laboratory or the Vancouver laboratory. All soil and stream samples at the Tibbs, Seventymile, and Northway properties were prepared using procedure SS80 (dry at 60 C and sieve 100g at -80 mesh) and analysed by method FA430 (30g fire assay with AAS finish) and MA300 (0.25g, multi acid digestion and ICP-ES analysis). All RAB drill, rock, trench, and pan concentrate samples at the Tibbs, Seventymile, and Northway properties were prepared using procedure PRP70-250 (crush, split, and pulverise 250g to 200 mesh) and analyzed by method FA430 and MA300. All samples containing >10 g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). The Company makes no representation or warranty regarding the accuracy or completeness of any historical data from prior exploration undertaken by others other than the company and has not taken any steps to verify, the adequacy, accuracy or completeness of the information provided herein and, under no circumstances, will be liable for any inaccuracies or omissions in any such information or data, any delays or errors in the transmission thereof, or any loss or direct, indirect, incidental, special or consequential damages caused by reliance on this information or the risks arising from the stock market. The Qualified Person has reviewed and verified the data collected by the Company. For samples collected at the Tibbs, Seventymile, and Northway properties, QAQC samples were inserted into the sample submittals at a rate of approximately 1 QAQC sample per 10 assay samples (approximately 10%). Standards were inserted at a rate of approximately 8 standard samples per 100 assay samples (8%), blanks were inserted at a rate of approximately 2 blank samples per 100 assay samples (2%). For Rotary Air Blast (“RAB”) drilling, field duplicate samples are systematically collected at a rate of 3 duplicates per 100 assay samples (3%). A selection of standards were used which are commercially available from a reputable vendor (OREAS and Rocklabs). All standards ultimately returned acceptable values (within approximately 15% of the expected value, or approximately one standard deviation). Those standard samples which returned suspect values were re-run at the companies request. Blank samples consisted of Browns Hill Quarry basalt, an unmineralized Quaternary basalt flow from the Fairbanks Mining District, Alaska. Eric Buitenhuis, M.Sc., P.Geo., Vice President Exploration of Tectonic Metals Inc. and Qualified Person under National Instrument 43-101 ("NI 43-101"), has reviewed and approved the contents of this presentation. Prospective investors should not construe the contents of this presentation as legal, tax, investment, accounting or other advice. Prospective investors are urged to consult with their own advisors with respect to legal, tax, regulatory, financial, accounting and other such matters relating to their investment in the Company. The Company securities have not been approved or disapproved by the U.S. Securities and Exchange Commission or by any state, provincial or other securities regulatory authority, nor has the U.S. Securities and Exchange Commission or any state, provincial or other securities regulatory authority passed on the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense. The Company is incorporated under the laws of British Columbia, Canada. Many of the Company’s assets are located outside the United States and most or all of its directors and officers are residents of countries other than the United States. As a result, it may be difficult for investors in the United States to effect service of process within the United States upon the Company or such directors and officers, or to realize in the United States upon judgments of courts of the United States predicated upon civil liability of the Company and its directors and officers under the United States federal securities laws. 2 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
EXPERIENCED DISTRICT-SCALE COMMITTED TEAM PROJECTS PARTNERS ▪ Team with a track record of value creation, fully invested with shareholders ▪ Building a business - not just a drill bit play ▪ Milestone, strategic investment by one of Alaska’s largest Native Regional Corporations, Doyon, Ltd. ▪ Unique, district-scale opportunities in Tier 1 jurisdictions ▪ Strong cash position, compelling drill targets warranting aggressive follow-up 3 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
A COMPANY BUILT AROUND A TEAM Mel Benson Tony Reda Eira Thomas Curtis J. Freeman Chairman President & CEO, Director & Founder Founder, Strategic Advisor Director & Founder Business and community leader, Raised >$165 million to fund the Served as CEO of Kaminak Gold Certified Professional Geologist, global experience. Inducted into acquisition, advancement of the Corporation, acquired by Goldcorp for 40+ years of experience; the Aboriginal Business Hall of Coffee Gold Project. Strategic $520 Million. recognized as one of the leading Fame. Until his recent retirement, alliances, JVs leading to $35m third Spearheaded Diavik Diamond explorationists in Alaska and the Mel was the longest serving party spending on Kaminak projects Mine discovery. Director of Suncor Energy Yukon. Director of Suncor Energy Allison Rippin Armstrong Michael W. (Mick) Roper Eric Buitenhuis, M.Sc., P.Geo, Director Director Vice President, Exploration Over 25 years of experience in permitting, 40+ years’ experience spanning the Part of the core technical team at regulatory processes and environmental mineral resource development cycle. Kaminak that designed, budgeted, compliance. Served as the Vice President of Past 15 years with Agnico Eagle, executed and supervised Sustainability at Kaminak Gold Corporation currently Director, Project Evaluations multi-million dollar exploration and resource definition programs 4 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
OUR BUSINESS MODEL Create transformational wealth for our shareholders and stakeholders by identifying, discovering and OBJECTIVE advancing world-class gold districts in safe, politically stable, pro-mining jurisdictions Target Discovery-Stage, District Scale Opportunities TARGET ▪ Focused on high-grade and oxide ▪ Relatively low-cost entry level ▪ Must have a linear, definable path forward ▪ Potential to yield greatest return on investment Manage Risk/Reward Equation ▪ Risk vs. reward vs. cost of capital assessment determines next steps on projects ▪ All projects have a defined 3-year plan with EXECUTE annual deliverables ▪ Always maintain optionality, including: − Drilling our own projects − Business transactions − Strategic alliances − Joint-venture strategy 5 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
Tectonic is successful when we manage ESG in a manner that aligns with our core values. Local Community Engage early and develop key relationships with all Engagement stakeholders/rightsholders; commit to maximizing value for the communities in which we work. Confronting racism through anti-racism awareness training Action Against for all employees, improved policies and procedures, Racism scholarships for Black and Indigenous students in partnership with Doyon, Limited. Exploration Taking the long view means doing our best to to Production de-risk projects by defining what tomorrow looks like Agreements today for investors, stakeholders and rightsholders. Corporate Tectonic maintains the highest possible corporate Governance standards and personal integrity with respect to all Cornerstone aspects of our business. Tectonic integrates environmental compliance and Exploration and methods to avoid, minimize and mitigate risk into the Environment our project planning at the onset. 6 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TECTONIC & DOYON LANDMARK PARTNERSHIP STRATEGIC FINANCING AND PROJECT AGREEMENTS WHO IS DOYON, LTD.? • One of Alaska’s largest Native Regional Corporations • Largest private landholder in Alaska (one of the largest in the USA) with 12.5M acres of land selected mostly on mineral prospectivity • Over 20,000 shareholders • 20-year history of mineral, oil and gas exploration agreements with both junior and senior companies TECTONIC & DOYON LANDMARK PARTNERSHIP • Strategic C$2M investment by Doyon into Tectonic (April 2020) “It’s a joy to work on something positive like this in the • Doyon becomes Tectonic’s largest single shareholder with 22.3% ownership on a partially midst of dealing with daily issues arising from COVID- diluted basis 19. Life, business and strong relationships such as Doyon’s and Tectonic’s will continue and thrive post • Positions Tectonic to build value in challenging COVID-19 economic climate COVID-19. We are pleased to deepen the partnership • Innovative Discovery-to-Production Lease Agreements signed in 2018 on Seventymile and with Tectonic and look forward to working with them Northway Projects for many years to come.” • Large >150,000-acre mineral districts Doyon’s President and CEO, Aaron Schutt, April 2020 • Tectonic first company in almost 20 years to explore both properties 7 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
CAPITAL STRUCTURE AS OF DECEMBER 2020 Shares Outstanding 89,917,175 Fully Diluted 130,074,885 Estimated Cash C$3,400,000 Debt None 29.0% Tectonic Team Top Shareholders (partially diluted) 16.5% Doyon, Ltd. 35.0% Various Resource Focused Funds 2020: C$4,900,000 Raised ($0.20 Unit = 1 common share + 1 half 2-yr warrant at $0.40) Most Recent Financings 2020: C$2,100,000 Raised (Doyon: $0.20 Unit = 1 common share + 1 half 2-yr warrant at $0.40) 2019: C$5,800,000 Raised ($0.35 Unit = 1 common share + 1 full 2-yr warrant at $0.50) Options Outstanding 400,000 @ $0.33 (Expiry Date: July 27, 2025) 8 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
WHY ALASKA? WHY NOW? ALASKA – YUKON “BORDER FAULT” ▪ Consistently Ranked a Top Tier Mining Fort Knox Jurisdiction (according to 2018 Fraser Institute Index) ALASKA YUKON ‒ 3rd worldwide jurisdiction for mineral potential Fairbanks Seventymile ‒ 5th for investment attractiveness Uncle Sam Pogo Tibbs Eagle ▪ World-class regulatory environment; Maple Leaf stable mining regime Brink Rackla Mt. Harper ▪ 7 Producing Mines Dawson Tectonic Project Eagle Gold Mine ‒ Operated by Kinross, Hecla, Teck, Coeur Mining, Taurus Usibelli and Northern Star (Pogo Gold Mine) Tok Keno Hill Mayo ▪ Alaska (1.477 M km2) = British Columbia + Yukon Oreo Mnt Stewart Crossing Tetlin (1.43 M km2) White Gold Plateau Northway Coffee ▪ Alaska = 365.5 million acres; Casino Minto Pelly Crossing Population = 692,000 0 100 Beaver Creek ‒ 3 million acres of mining claims cover
GOODPASTER MINING DISTRICT – TIBBS GOLD PROJECT GOLD EXPLORATION RUSH IS ON ▪ Anchored by the world-class Pogo Gold Mine owned and operated by Northern Star Resources Ltd. ALASKA YUKON ▪ Robust infrastructure, power and active mill nearby ‒ Located 35kms from the Pogo Gold Mine ▪ Tectonic’s Tibbs Gold Project highlights • New high-grade gold discoveries open for expansion • Pogo-like high-grade mineralization at surface; three distinct styles of mineralization observed • District-scale opportunity: 29,280 acres 10 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TIBBS GOLD PROJECT MULTIPLE HIGH-GRADE GOLD INTERCEPTS IN DRILLING AND AT SURFACE Tibbs Property Wolverine 1.385 g/t Au soil N Property 10.78 g/t Au over 3.05m Boundary within a broader interval High-tenor Soil Anomaly Wolverine of 4.50 g/t Au over 7.62m 1,000 x 400m historic Trench Michigan 2020 Drill Highlight gold-in-soil anomaly Gray Lead 135 g/t Au rock Blue Lead Oscar Hilltop 0.51 g/t Au over 12.2m 2019 Drill Highlight 5 km Trench 6.03 g/t Au over 28.95m 6.71 g/t Au over 9.14m Michigan 275m of mineralized strike, 989.6 g/t Au rock confirmed to 250m vertical depth Multiple zones open along strike and at depth 2020/2019 Drill Highlights High grade gold in drill core Blue Lead Pogo-style mineralization identified in drilling 1.25 g/t Au over 27.89m and rock samples Johnson Saddle Historical Drilling Highlight Multiple untested soil and rock anomalies Oscar/Hilltop 0 500 2.35 g/t Au over 6.1m Gray Lead Meters 2019 Drill Highlight 28.69 g/t Au over 5.40m 2020/2019 Tectonic Au in Soil Contour Au in Rock Historical Drilling Highlight Drill Hole > 100 ppb > 5 g/t Historical Drill Hole 50 - 100 ppb 1.0 - 5.0 g/t 250m of mineralized strike tested 0.2 - 1.0 g/t to only 120m vertical depth 20 – 50 ppb < 0.2 g/t 11 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TIBBS GOLD PROJECT - MICHIGAN 275M OF MINERALIZED STRIKE, OPEN ALONG TREND AND AT DEPTH Tibbs Property Michigan: shallow ( 100 ppb Blue Lead 50 - 100 ppb 20 – 50 ppb 1.25 g/t Au over 27.89m Au in Rock Historical Drilling Highlight > 5 g/t 1.0 - 5.0 g/t 0.2 - 1.0 g/t < 0.2 g/t 12 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TIBBS GOLD PROJECT – A POGO ANALOGUE TIBBS VS POGO COMPARISON CHARACTERISTIC POGO TIBBS – GRAY LEAD TIBBS – MICHIGAN Alteration Assemblages Qtz-sericite, biotite Qtz-biotite Qtz-sericite Carbonate Alteration Fe-dolomite in/near veins Ankerite in/near veins Ankerite in/near veins Gold Fineness ~900 Unknown Unknown Primary Sulphides Aspy Bi+/-Po Aspy Bi Aspy Stib Py Late Stage Mineralization As-Sb Sulphides As-Sb Sulphides As-Sb Sulphides Scheelite (W) in skarns Tungsten Mineralization W in proximal veins W absent and veins Bismuth Mineralization Strong Au Correlation Strong Au Correlation No Correlation Tellurium Mineralization Strong Au Correlation Strong Au Correlation No Correlation Fluid Chemistry CO2, low salinity CO2 rich, low salinity CO2 rich, low salinity Age of Mineralization 104.2 Ma 102 Ma 102 Ma Sulphur Isotopes Unknown Unknown Unknown Homogenization Temp. 310-570 C 260-455 C 200-400 C Current Deposit Model Plutonic-related Au Plutonic-related Au Plutonic-related Au Low angle structures, Structural Controls High-angle feeder High-angle distal high-angle feeders ▪ Similar gneissic and intrusive rocks (gneiss dome) – On “Pogo Trend” ▪ Similar geochemical signature ▪ High angle structures with Pogo-style quartz veins known at Tibbs (Gray Lead) ‒ No low angle structures hosting veins to date Pogo Model ▪ Low angle structures host main veins at Pogo, but: From Twelker, 2017, after Larimer, 2016 ‒ High angle veins at the Pogo North Zone ‒ Interpreted as feeders/conduits to low angle veins ‒ Previously unknown to all explorers at Tibbs property 13 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TIBBS PROJECT – GRAY LEAD ZONE Johnson Saddle Gneiss-hosted soil anomaly to POGO-STYLE MINERALIZATION; FOLLOW-UP DRILLING REQUIRED 790 ppb Au, controlled by low- angle structures - UNTESTED Tibbs Property N Gneiss-Hosted Soil Anomalies Adjacent to known Pogo-style vein mineralization - UNTESTED Wolverine Trench Michigan Gray Lead: Pogo Style Veins Johnson Saddle Gray Lead Blue Lead Adjacent to prospective gneissic rocks Oscar Hilltop 250m of strike 5 km Drilled to 50m vertical 2.35 g/t Au over 6.1m Open at depth 2019 Drill Highlight Tectonic interpretation: Gray Lead vein is offset to east, beyond limits of Oscar / Hilltop historic drilling Gray Lead 19.14 g/t Au over 5.70m incl 82.5 g/t over 1.10m Historic Drill Highlight O’Reely 2020/2019 Tectonic Drill Hole Historical Drill Hole Connector Hilltop/Oscar: Gold hosted by quartz vein with Au- Au in Soil Contour As-Sb-Bi-W geochemical signature identical to Pogo- > 100 ppb style mineralization 50 - 100 ppb May represent the northern, offset extension of the 20 – 50 ppb historic Gray Lead vein Connector Area Au in Rock Follow-up drilling required Pogo-style Quartz Veins in > 5 g/t 1.0 - 5.0 g/t high-angle fault zone 0 250 0.2 - 1.0 g/t Meters < 0.2 g/t 14 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TIBBS PROJECT – GRAY LEAD ZONE; 275M MINERALIZED STRIKE HISTORICAL CROSS SECTION: OPEN AT DEPTH AND ALONG STRIKE 6.13 g/t over 4.26m 5.33m @ 15.76 gpt 4.26m @ 6.13 gpt incl 1.5m @ 50.59 gpt and 15.76 g/t over 5.33m 0.30m @ 127.63 gpt incl 50.59 g/t over 1.5m and 127.63 g/t over 0.30 m 5.70m @ 19.14 gpt 19.14 g/t over 5.70mincl 1.10m @ 82.5 gpt 50m incl 82.5 g/t over 1.10m 1.77 g/t over 8.53m incl 5.13 g/t over 1.22m 8.53m @ 1.77 gpt 16.42 g/t over 1.98m incl 1.22m @ 5.13 gpt incl 37.8 g/t over 0.30m 1.98m @ 16.42 gpt incl 0.30m @ 37.8 gpt Drill core intercepts are not indicative of true width. Historical drill intercepts highlighted Drill core in pictures grades 14.77 g/t Au 15 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TIBBS GOLD PROJECT – THE GNEISS FRONTIER UNTESTED GOLD IN SOIL ANOMALIES WITHIN SAME HOST ROCKS AS POGO Tibbs Property N Wolverine Newly Discovered 2020 Soil Property Anomalies: Boundary Wolverine High tenor gold, arsenic, bismuth Trench Michigan Intrusive Rocks soil anomalies Gray Lead Anomalies are adjacent to known Blue Lead Oscar Hilltop Pogo-style vein mineralization 5 km (Gray Lead) Trench Kilometre-scale potential Priority exploration targets Gneissic Rocks Michigan Gneissic host rocks in underexplored west of property – Blue Lead similar host rocks as Pogo Low angle thrust faulting mapped Johnson Saddle by USGS within gneiss Never historically explored Oscar/Hilltop 0 500 Gray Lead Meters 2020/2019 Tectonic Au in Soil Contour Au in Rock Drill Hole > 100 ppb > 5 g/t Historical Drill Hole 50 - 100 ppb 1.0 - 5.0 g/t 0.2 - 1.0 g/t 20 – 50 ppb < 0.2 g/t 16 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TIBBS GOLD PROJECT HIGH-GRADE GOLD IDENTIFIED ON TREND WITH NORTHERN STAR’S “BRINK” PROSPECT 0 50 ▪ 2020 prospecting identifies Jorts Prospect of 27.9 g/t Kilometers Au rock sample gold in sheeted quartz veins with Gray Lead Visible Gold on trend with Northern Star’s Brink 28.69 g/t Au over 5.4m Prospect (2013 drilling: 0.427 g/t Au over 514.4m) Historical Drill Highlight Pogo-style Quartz Veins ▪ Potential for three styles of gold mineralization at Jeans Ridge Prospect Tibbs: 2.52 g/t Au, 118 ppm Bi, > 100ppm W 0 1 Kilometer ‒ Gray Lead/Pogo-style quartz veining 2020 Rock Grab – Sheeted Quartz Veins ‒ Michigan-style stockwork quartz veining ‒ Fort Knox/Brink-style sheeted quartz veining Brink Prospect (Northern Star) 0.427 g/t Au over 514.4m Jorts Prospect 2013 DDH 27.9 g/t Au, 513 ppm Bi, 29 Drill holes (8,903 m) > 100ppm W over 500m x 1,700m area 2020 Rock Grab – Sheeted Quartz Veins w/ Visible Gold 17 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
SEVENTYMILE PROJECT – 40KM LONG GREENSTONE GOLD BELT THE OPPORTUNITY: UNDEREXPLORED GREENSTONE BELT IN TIER 1 JURISDICTION ▪ Project de-risked: Formal production agreement with top-tier Alaska Native Regional Corporation (Doyon, Ltd.) Bonanza Zone 1.34 g/t Au over 44.2m ▪ Greenstone or Orogenic gold deposits account for (Historic Drill Highlights) ~75% of gold extracted globally* ‒ Examples include the Abitibi, Kalgoorlie, Red Lake, Hope Alder Zone Bay, and Las Cristinas 2.6 g/t Au over 6.7m 1.6 g/t Au over 5.5m ▪ Tectonic Summer 2020 drilling campaign: 2,587m, 26- (Historic Drill Highlights) hole RAB drill program ‒ First on property in 20 years: Mineralization intercepted in Flanders all holes; expansion potential at all zones 2.0 g/t Au over 8.67m 187.9 g/t Au over 1.1m ‒ Targets exhibit kilometre-scale strike potential, with only 12.0 g/t Au over 1.31m Ptarmigan Hill 7.8 g/t Au over 4.87m 4.37 g/t Au over 6.40m limited RAB drilling at each target (Historic Drill Highlights) (Historic Drill Highlights) ‒ Mapping and prospecting conducted across the entire 40 km Seventymile property identifies new targets for possible 0 5 reconnaissance drilling in 2021 Kms *Damien Gaboury (2019) Parameters for the formation of orogenic gold deposits, Applied Earth Science, 128:3, 124-133, DOI: 10.1080/25726838.2019.1583310 18 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
SEVENTYMILE PROJECT SHEAR ZONE GOLD MODEL VALIDATED ▪ Shear Zone Gold Model - Confirms previously Flanders shallow dipping extensional unknown, shear-hosted gold mineralization veins? directly below our 2018 and 2019 soil and top- of-bedrock anomalies ▪ Lode gold deposits typically form along host structures, such as faults/lithological contacts, which acted as channels for the flow of large volumes of hydrothermal fluids ▪ Common structural controls on mineralization associated with a high-grade shear zone model Where is the major were not previously drill tested at Seventymile shear at Seventymile? incl. Flanders Zone Tectonic is focusing on a “Greenstone-hosted quartz-carbonate vein” deposit model Block image is a schematic of the relationship between tension gash veins and major shears 19 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
SEVENTYMILE PROJECT – FLANDERS AREA HIGH GRADE TENSION VEINS OPEN FOR EXPANSION Seventymile Property 2020 Drill Highlight N Alder Flanders Zone Flume Alder 4.38 g/t Au over 6.10m Flanders Bonanza Creek Inc. 12.0 g/t Au over 1.52m Deep Creek Ptarmigan Hill Flanders Zone High grade tension veins – Mogul Bluff open in all directions 104.75 g/t Au over 1.52m* 5 km Alder Zone 5.30 g/t Au over 15.24m* Only four historical drill 16.58 g/t Au over 1.21m* holes, all hit mineralization Flanders 6.80 g/t Au over 2.14m* 2.23 g/t Au over 8.36m* 10.26 g/t Au over 1.31m* 1.29 g/t Au over 8.23m* East Flanders Zone Mineralized shear structures continue 2020 Drill Highlight East >1km to east 2020 Tectonic Drill New Shear Structure - Flanders Flanders 0.63 g/t Au over 6.10m Hole Historical Drill Hole 1.20 g/t Au over 4.57m Au in Soil Contour Shear Zone > 100 ppb 50 - 100 ppb Deep Creek 20 – 50 ppb Permafrost Au in Rock High-grade gold hosted by quartz veins in basalt at Flanders – > 5 g/t open for expansion. 1.0 - 5.0 g/t 0 400 0.2 - 1.0 g/t Meters 2020 RAB drilling identifies additional gold-bearing shear < 0.2 g/t structures with multi-kilometre strike confirmed. 20 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021 *Historical drill highlight
SEVENTYMILE PROJECT TECTONIC CONNECTS FLUME ZONE TO BONANZA ZONE Seventymile Property >10 g/t Au in soil 2.72 g/t Au in rock Flume Alder N Bonanza Flanders Deep Creek Ptarmigan Hill Mogul Bluff Flume 21.5 g/t Au in rock 5 km Flume - Bonanza Flume Bonanza 4.05g/t over 3.65m* 2.08g/t over 10.37m* 2020/2019 Tectonic Drill Hole Flume-Bonanza Bonanza Historical Drill Hole 2.07 g/t Au over 6.10m 1.37 g/t Au over 19.81m Au in Soil Contour 0.44 g/t Au over 13.72m > 100 ppb inc. 3.01g/t Au over 4.47m 1.34 g/t Au over 44.2m* 50 - 100 ppb 20 – 50 ppb Flume-Bonanza – 2020 drilling validates >3 km long prospective gold-bearing structural contact Au in Rock Bonanza – 200m of mineralized strike; new blind mineralization discovered in shallow drilling 0 500 > 5 g/t 1.0 - 5.0 g/t Opportunity to test >3km long mineralized trend Meters 0.2 - 1.0 g/t High-grade gold observed in drilling and at surface < 0.2 g/t 21 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021 *Historical drill highlight
▪ Tibbs: High-grade gold drilled; three types of mineralization now identified INVEST WITH US. ▪ ‒ Expanded Michigan Zone to 275m of drilled strike ‒ New km long Pogo-like soil anomalies identified Tibbs now a district-scale opportunity through acquisition of Carrie Creek GROW WITH US. ▪ ▪ Seventymile: Drilling discovers gold, validates Shear Zone Model 5 surface exploration programs across 5 projects 2020 MILESTONES ▪ ▪ Mt. Harper property acquired (August 2020) Maple Leaf property staked; Goodpaster Mining District dataset acquired ▪ $7M raised, including strategic $2M investment by Doyon, Ltd. ▪ OTCQB-listed (TETOF), now DTC eligible ▪ Red Cloud Securities initiates coverage (October 2020) ▪ Community: Supporting the Doyon Foundation through scholarship contributions 22 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TECTONIC VISION, MISSION & CORE VALUES OUR VISION OUR MISSION OUR CORE VALUES To be the number one To create transformational Passion Focus We love what we do and are Focus is everything. mineral exploration wealth for our shareholders committed to the success of Integrity, Honesty, company in the world by identifying, discovering and our company. Transparency & Fairness advancing world-class gold Patience & Perseverance It is the only way to be. Our word is districts in North America “A winner is just a loser who our bond. We do what we say, and live up to the highest standards of with a commitment to high tried one more time. fairness and ethical behavior. standards of environmental ~ George M. Moore, Jr.~ Accountability stewardship and maximizing Play Big We take responsibility for our actions We are dreamers, and as dreamers, and are willing to be held accountable. social and economic benefits we ignore the word impossible and We learn from our experiences and to the communities in which play big. Whether playing big or search for continuous improvement. playing small, the same amount of we live and operate in. work is required; the only difference Respect is the level of your insecurity. Why We work hard to earn your trust not play big? and respect, for everything we do. 23 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
TECT: TSX-V Website Email Toll-free www.tectonicmetals.com info@tectonicmetals.com 1.888.685.8558 TETOF: OTCQB 24 | TECTONIC CORPORATE PRESENTATION | TECT: TSX-V TETOF: OTCQB T15B: FSE | TECTONICMETALS.COM | APRIL 2021
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