TSXV-CGP WWW.CORNERSTONERESOURCES.COMOTC-CTNXF F-GWN

Corporate Presentation

September 4, 2019

Capital Resources Inc.

This presentation includes ‘Forward-Looking Statements’ as well as historical information. These statementsinclude Cornerstone Capital Resources’ continued advancement of its mineral exploration programs. When usedin this presentation, the words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “expect,” “may,”“project,” “plan,” and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’

Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ arereasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in ourregulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviourof financial and metals markets and from numerous other matters of national, regional, and global scale, includingthose of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature.These uncertainties may cause our actual future results to be materially different than those expressed in ourforward looking statements.

Although Cornerstone believes the facts and information contained in the pages of this presentation to be ascorrect and current as possible, Cornerstone does not warrant or make any representation as to the accuracy,validity or completeness of any facts or information contained in these pages. Nothing in this presentationconstitutes either an offer to sell or a solicitation of an offer to buy any securities in the United States or any otherjurisdiction.

The technical information contained in this presentation has been reviewed and approved by Yvan Crepeau, P.Geo,MBA, Cornerstone’s VP Exploration and President of Cornerstone subsidiaries in Ecuador and Chile, who is aqualified person in accordance with Canada’s National Instrument 43-101.

Cautionary Statements

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CGP and Subsidiaries

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Corporate Information

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Common Shares 32,007,070

Warrants 2,676,576

Stock Options 2,102,799

Fully Diluted Shares 36,786,445

• Warrants have a C$2.00 exercise price expiring May 12, 2021

• Treasury position: C$1.5 million cash at June 30, 2019

Capital Structure as at July 31, 2019 Top Shareholders (% Basic)

D. Bob Sangha / Maxit Capital 15.6%

Rosseau Asset Management 13.8%

Greg Chamandy (Chairman) 10.4%

Sprott & clients 5.0%

Total Top Shareholders 44.9%

Ecuador Projects

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• Cascabel (15%)• ENAMI-CESA JV (84%)

– Espejo– Playa Rica– Rio Magdalena

• Vetas Grandes (100%)• Cana Brava (option to

earn 100%) – Farm in with Newcrest

• Bella Maria (100%)• Bramaderos JV with

Sunstone Metals (51% Sunstone/49% Cornerstone)

• JV between Cornerstone (15%) and SolGold (85%) – subject to funding 100% through BFS

• Cornerstone also owns 9.2% of SolGold, or a 22.8% interest (direct & indirect) in Cascabel

• Gold enriched copper porphyry deposit at Alpala with mineral resource estimate

Cascabel (Cu-Au)

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From depth(m)

Interval(m)

Cu (%)

Au (g/t)

Cu-Eq. (%)

True Width(m)

CSD-13-005… 24 1,306 0.62 0.54 1.10 784

CSD-14-009… 430 1,327 0.57 0.74 1.23 796

CSD-15-012… 128 1,312 0.67 0.63 1.23 787

CSD-16-016… 516 1,145 0.63 0.78 1.32 687

Alpala Drilling Highlights

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Multiple drill intersections of +1 km of +1% copper-equivalent at Cascabel

Cascabel MRE

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Alpala Deposit Updated Mineral Resource Estimate¹ (“MRE”)

• Indicated: 2.05 Bt @ 0.6% Copper Equivalent (CuEq²) (8.4 Mt Cu, 19.4 Moz Au),

– including, 400 Mt high grade core @ 1.49% CuEq(3.6 Mt Cu, 11.9 Moz Au)

• MRE reported at a cut-off grade of 0.2% CuEq, reflecting potential for economic extraction by block caving

(1) Mr. Martin Pittuck, MSc, CEng., MIMMM, is responsible for the MRE and is an “independent qualified person” as such term is defined in NI 43-101

(2) The MRE is reported using a cut-off grade of 0.2% copper equivalent calculated using [copper grade (%)] + [gold grade (g/t) x 0.63].

Cascabel MRE

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Cu (%) Au (g/t) CuEq (%) Cu (Mt) Au (Moz) CuEq (Mt)

Indicated 2,050 0.41 0.29 0.60 8.4 19.4 12.2

Inferred 900 0.27 0.13 0.35 2.5 3.8 3.2

Values given in the table have been rounded, apparent calculation errors resulting from this are not considered to be material

The effective date for the Mineral Resource statement is 7th November 2018

Grade Category Resource Category Tonnage (Mt)Grade Contained Metal

Total >0.2% CuEq

Mr. Martin Pittuck, MSc, Ceng, MIMMM, is responsible for this Mineral Resource estimate and is an "independent qualified person" as such term

is defined in NI 43-101

The Mineral Resource is reported using a cut-off grade of 0.2% copper equivalent calculated using [copper grade (%)] + [gold grade (g/t) x 0.63]

The Mineral Resource is considered to have reasonable potential for eventual economic extraction by underground mass mining such as block

caving

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability

The statement uses terminology, definitions and guidelines given in the CIM Standards on Mineral Resources and Mineral Reserves (May 2014)

The MRE is reported on 100 percent basis

2019 Cascabel PEA

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Base Case Economics – 50 Mtpa Fast Production Ramp-up (100% basis)

Mining Method Underground Block Cave

Mine Life 55 years

After-Tax NPV (8%) & IRRUS$4.3Bn NPV

25.9% IRR

Payback Period (from production start) 3.6 years

Metals Prices Assumed (US$) $3.30/lb Cu; $1,300/oz Au; $16/oz Ag

Initial Capital Expenditures $2.7Bn

LOM C1 Operating Cost (1) US$0.90/lb Cu (after Au & Ag credits)

Average Annual Metal Production in Concentrate (rounded)

First 25 Years Life of Mine

207,000 t Cu438,000 oz Au1.4MM oz Ag

150,000 t Cu245,000 oz Au913,000 oz Ag

(1) C1 includes all site operating costs, concentrate shipping costs, smelting and refining charges, etc. but excludes royalty payments, taxes and profit share.

2019 Cascabel PEA (cont’d)

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• Resources scheduled in the PEA block cave

designs total 2.4Bt @ 0.54% CuEq ROM grade

(0.36% Cu, 0.27g/t Au and 1.1g/t Ag), including:

– 89% of the MRE#2 Indicated MineralResources: 1.83Bt @ 0.61% CuEq ROM(0.41% Cu, 0.31g/t Au and 1.2 g/t Ag)

– 61% of the MRE#2 Inferred MineralResources: 0.55Bt @ 0.36% CuEq(0.27%Cu, 0.13g/t Au and 0.8g/t Ag)

• The high quality of the concentrates and the

relatively low arsenic contents in comparison to

a number of other major producers are expected

to deliver a sales premium for the concentrates

– High copper (28.2%), gold (22.1 g/t) and

silver (65.7g/t) contents in sales

concentrates

Modeled Resources Next Steps

• Activities for rest of 2019 and Q1 2020 will focus

on continued exploration at Alpala, a further

update to the Mineral Resource Estimate

(MRE#3), metallurgy and process design, tailing

disposal options and incorporation of further

geotechnical and hydrogeological data into the

study basis

• Permitting and fiscal discussions with the

Ecuadorian Government to commence

• Pre-Feasibility Study (“PFS”) expected to be

completed in Q1 2020 with definitive Feasibility

Study scheduled for completion at end of 2020

2019 Cascabel PEA (cont’d)

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Technical Report

The PEA dated June 7, 2019, with an Effective Date of March 25, 2019 andtitled Cascabel Project, Northern Ecuador, Alpala Copper-Gold-Silver Deposit,Preliminary Economic Assessment (PEA) was prepared by independentconsultants Wood plc in the role of Lead Consultants with direct responsibilityfor the Minerals Processing, Materials Handling and Project Infrastructurecomponents of the study, and the participation of SRK Consulting (UK) Limited(Resource Estimation), SRK Exploration Services Limited (Geology), Mining PlusPty Ltd (Geotechnical, Hydrogeology and Mine Planning), Knight Piesold Ltd(Environmental and Community), and Ernst and Young (Economic Analysis).

The Technical Report and consents of Qualified Persons are available forreview on SEDAR (www.sedar.com) and on the Company's website(www.cornerstoneresources.com).

Cascabel JV Deal Terms

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• 15% carried interest repayable at LIBOR + 2% out of production

– LIBOR + 2% is an extremely cheap source of financing and wellbelow the cost of capital for both Cornerstone and SolGold and thekey benefit of the carried interest

• Cornerstone will fund its 15% after Bankable Feasibility Study (BFS) - Ifthe BFS is positive, we will raise our nominal share, which is only $150million for every $1 billion in capex

• No one has a right of first refusal or other pre-emptive right onCornerstone the listed company - Any buyer of Cornerstone wouldsimply step into our shoes with the carried interest

• The value of the carried interest is significant and has enabledCornerstone to avoid the massive dilution that would otherwise havebeen necessary to fund our share of the Pre-FS & BFS

Our Strategy

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• Cascabel is the type of asset that will end up under the controlof a major mining company

• Strategic positioning of Cornerstone's direct and indirect stakeof 22.8% is extremely valuable and larger than both BHP andNewcrest’s stakes in Cascabel

• Cornerstone will continue to advance other assets through JV’s which enables us to capitalize on our first mover advantage in Ecuador, retain a significant economic stake and have our JV partners put up the capital to advance the assets

Other Projects

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Joint Venture With Enami

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Caña Brava (Au-Ag-Cu)

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Property hosts IS and HS epithermal gold-silver zones defined by extensive hydrothermal breccia and silica ribs developed on top of porphyry gold-copper style mineralization

Caña Brava (Au-Ag-Cu)

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• Drill ready, targets identified• Right to own 100% ($80,000 a year option payment until

we decide to exercise option by paying $350,000)• Farm in Agreement signed with Newcrest in April 2019:

- $100,000 on signing, $2M committed during 18 months from receipt of drilling permits- 51% by spending $10M ($2M + $8M over 4 years)- 65% by paying $650,000 & completing PEA over 2 years- 75% by spending $100 million or BFS (free carry, not

repayable)- Post BFS we may convert 10% (2/5ths) to 2% NSR &

retain 15% participating subject to dilution

• 4,950 ha concession granted on April 4, 2017

• Under-explored area

• SW extension of the highly prospective exploration results obtained at Caña Brava

• Both concessions are strategically located at the junction of a NE oriented belt of epithermal precious metal and related mineralized porphyry prospects and deposits and of a NW-SE oriented belt of intrusive rocks and associated epithermal and porphyry mineralization

Caña Brava – Tioloma

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PAN AMERICAN

HIGHWAY

• 4,949 ha concession granted on January 4, 2017

• Underlain by a cluster of Au-Cu porphyries

• Gold (+ low grade copper) is present at surface as dissemination in porphyry and hydrothermal breccia bodies/pipes and in quartz veins.

• Extensive, 5 km by 1-2 km, gold and copper (+/- molybdenum) in-soil anomaly located in the central part of the property has been partially tested by trenching and historicaldiamond drilling

– Several anomalies still untested

Bramaderos (Au-Cu)

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PAN AMERICAN

HIGHWAY

Bramaderos (Au-Cu)

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• Property at drill-ready stage. Phase 1, 5000m drill program defined

• Drill permit received April 2019 – drilling has commenced

• JV signed with Sunstone Metals (formerly Avalon Minerals) (ASX: STM), in June 2017

• Sunstone has earned a 51% interest in Bramaderos by spending US$3.4 million over three years to complete a phase 1 drill program

• Sunstone can go to 70% by funding a feasibility study and can go to 80% by financing 100% of the construction cost of a mine & mill

Bramaderos (Au-Cu)

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Bramaderos (Au-Cu)

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A strong commitment to community and environment

• Regular local community meetings and information sessions on current and planned work programs

• Strong local community support for drilling

Bramaderos (Au-Cu)

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Multiple porphyry gold-copper and epithermal gold-silver targets

Bramaderos Main: Porphyry style mineralization. Historical diamond drilling has delivered• 248m at 0.56g/t Au and 0.14% Cu from surface, including

30m at 0.8g/t Au and 0.2% Cu at bottom of hole• Recent surface trenching has delivered strong gold and copper

mineralization

West Zone: Epithermal style mineralization• Historical and recent trenching indicates strong results

including 30m at 3.6g/t gold• Indications of a possible porphyry at depth• No previous drilling

Limon: Porphyry style mineralization• A 2km x 1km geological-geochemical-geophysical anomaly

defined• Trench LM-01 intersected 97.6m grading 0.71 g/t gold and

0.23% copper. • No previous drilling

Porotillo, Ghangue and Agua Salada: Porphyry and epithermal style mineralization• Presence of strong magnetic bodies• Edge of Porotillo target partially drill-tested• Other targets never drill tested• Surface exploration ongoing

Bramaderos (Au-Cu)

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Bramaderos (Au-Cu)

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Bramaderos Main & Porotillo targets; 3-D modelling of magnetics

Bramaderos (Au-Cu)

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• Epithermal Low to Intermediate Sulphidation gold-silver prospect

• Several large, 3-7m veins and quartz vein/vein breccia/stockwork forming swarm striking east-northeast over 1.4 km

• Excellent correlation between mapped veins, rock assay results, soil geochemistry

• Bonanza style mineralization: 3.4 m grading 53.4 g/t Au and 641.0 g/t Ag

• Potential: +1Moz Au and significant Ag – drill ready prospect

Vetas Grandes (Au-Ag)

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• Exceptionally high gold content in stream sediment and free gold panned samples over the entire property

– Soil geochemistry surveys have outlined a large (3 km x 2 km) coincident gold – copper +/- molybdenum in-soil anomaly associated to porphyry-style mineralization in the central portion of property

• Seven (7) mineralized prospects identified

• Results to date indicate excellent potential to host significant porphyry and structurally controlled (breccias and veins) gold and copper mineralization – property never has been drilled

Free Gold in Pan Concentrates

Bella Maria (Au-Cu)

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Chile – Miocene Project

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Miocene property geology map showing prospective areas

Chile – Miocene Project

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• Farm in Agreement signed with Newcrest in December 2018:- $100,000 on signing, $1.1M committed during first 18 months- 51% by paying $500,000 after 18 months and spending $9.1M ($1.1M + $8M over 4 years)- 65% by paying $650,000 & completing PEA over 2 years- 75% by spending $100 million or BFS (free carry, not repayable)- Post BFS, Cornerstone will have the option for 90 days to convert 5% (1/5th) of its 25% project equity into a 1% net smelter returns (NSR) royalty. Newcrest will have the right to buy down the royalty to 0.5% NSR at fair market value after delivery of the BFS

www.cornerstoneresources.com

TSXV: CGP

Capital Resources Inc.