Tatogga Project, Golden Triangle, BCMarch 2020

INVESTOR PRESENTATION

GTT : TSX-V

Cautionary Statement Regarding Forward Looking Information

TSXV: GTT 2

Certain statements included in this presentation constitute forward-looking statements, including those identified by the words “proposed”, “will”, anticipate”, “believe”, “plan”, “estimate”,

“expect”, “intend”, “may”, “should” and similar words and expressions to the extent they relate to GT Gold Corp. (the “Company”) or its management.

The forward-looking statements are not historical facts and are based on current expectations and various estimates, factors and assumptions, and therefore involve known and unknown

risks, uncertainties and other factors.

Any forward-looking statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as of

any subsequent date. The material factors and assumptions that were applied in making the forward looking statements in this presentation include:

• execution of the Company’s existing plans or exploration programs for its properties, which may change due to changes in the views of the Company, or if new information arises

which makes it prudent to change such plans or programs; and

• the accuracy of current interpretations of geochemical, geophysical, drilling and other exploration results, since new information or new interpretations of existing information may

result in changes in the Company’s expectations. Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results,

performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or

unknown risks, uncertainties or other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide

any assurance that such forward-looking statements will materialize. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether

as a result of new information, future events or otherwise.

QA/QC PROCEDURES

GT Gold has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and analysis of RC chips and diamond drill core, the

complete details of which can be viewed on the Company’s website at http://www.gtgoldcorp.ca/projects/tatogga/

For full details on both Saddle North and Saddle South reverse circulation and diamond drill program assay results widths reported in this presentation, please refer to the corresponding

press release available on the Company website at www.gtgoldcorp.ca/news/. All assays are performed by ALS Canada Ltd. (Minerals), with sample preparation carried out at the ALS

facility in Terrace, BC, and assays at the North Vancouver laboratory. Assay values are uncut. For gold, fire assays are performed as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using

50 grams of sample with assays equal to or greater than 5 g/t Au calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption. All samples that return equal

to or greater than 5 g/t Au from initial fire assaying are additionally sent for screen metallic analysis using the remainder of the pulp (~950 grams of sample). This step is taken to ensure

that any coarse grained, nugget gold fraction that may have been missed in the fire assays has been captured.

GT Gold Corp.’s Qualified Person as defined by National Instrument 43-101 is Charles James Greig, P.Geo., M.Sc., Vice President, Exploration. Mr.Greig has reviewed and approved the

technical information in this presentation.

TSXV: GTT 3

GT Gold – Investment Opportunity with Optionality and Upside

Strong management team with technical expertise and a track record of value creation

SADDLE NORTH DISCOVERY

• Exposure to both copper and gold

• Large-scale, high-grade Cu-Au

porphyry system, mineralized to

surface with scale and open along

strike and at depth

• Grades exceeding 1.0% CuEq /

1.5 g/t AuEq over 777 m including

1.5% CuEq / 2.0 g/t AuEq over

342 m (Hole TTD109)*

EXPLORATION UPSIDE

• Saddle area

Highly prospective untested

targets adjacent to Saddle

discoveries

• Quash Pass target

5-6 km long strong coincident soil

and geophysical anomaly

• ~7-8 km from Saddle area

• Additional targets identified on

prospective 468 km2 property

SADDLE SOUTH DISCOVERY

• Near surface high-grade Au-Ag

vein system open along strike and

at depth

• Development scenario optionality

• Intersected grades of 10.0 g/t Au

and 46.84 g/t Ag over 57.3 m

(Hole TTD135)*

*January 4, 2019 intra-day spot prices used to calculate CuEq and AuEq are: Cu:

$2.57/lb, Au: $1,294.80/oz, Ag: $15.65/oz. All values are reported in USD and do not consider metal recoveries

*Intervals are calculated using a 0.5 g/t Au cut-off, a maximum of three metres of internal

dilution for vein-style mineralization, with no top cut applied. All intervals are reported as

downhole drill widths and are expected to vary widely, and likely range between 20% and 70% of true width.

TSXV: GTT 4

CANADA

Red Chris mine

Paved Highway37

Tatogga

Property287 kV Line

Port of Stewart

Tatogga: Tier 1 Jurisdiction with Access & Infrastructure

Iskut

SADDLE

NORTH

SADDLE

SOUTH

100% owned 468 km2 Tatogga property

N

Drillhole

Ashwath Mehra

Executive Chairman• +30 years of mining and metals

experience

• Extensive Capital markets

expertise and network of European

investors

Charles J. Greig

VP Exploration• Geologist with +35 years of

experience working in mining

and mineral exploration

• Extensive experience relating

specifically to deposits in BC’s

Golden Triangle

Shawn Campbell

Chief Financial Officer• +15 years of progressively senior

experience in project and operations

financial management

• Most recently served as Head of

Investor Relations with Goldcorp.

Strong Management Team and Board of Directors

TSXV: GTT 5

Paul Harbidge

President, CEO and Director• Geologist with +20 years of

experience in mining exploration and

development

• Most recently served as Senior Vice

President of Exploration at Goldcorp

James Rutherford

Lead Independent Director• +25 years of experience in

investment banking and

investment management

• Served as a Senior Vice

President at Capital Group

responsible for mining

investments

Renaud Adams

Independent Director• +25 years as global mining

executive and operator

• Currently serving as CEO

and President of New Gold

• Instrumental in Richmont

Mines’ acquisition by Alamos

Gold for ~US$700M

Charles Tarnocai

Independent Director• Geologist with +22 years of

experience in international

mining and exploration

• PH.D in economic geology

• Most recently served as

VP Corporate Development

at Alamos Gold

John L. Pallot

Independent Director• Seasoned executive with

decades of experience

across a broad array of

industries

• Extensive experience

raising capital for junior

mining issuers

Dale Finn

Director• Geologist with +35 years of

experience in mining

exploration

• Currently serves as a Group

Executive Exploration at

Newmont and is responsible

for geologic functions in

South America

Technical expertise and a track record of value creation

Adrian Reynolds

Independent Director• +30 years of experience in

natural resources sector

• +15 years' experience with

Randgold Resources as

part of the executive team

strategizing growth from

exploration to profitable

mid-tier production

Michael Skead

VP Project Development• Geologist with +30 years of

experience in mining exploration

and development

• Most recently served as Director

of Geoscience at Newmont

Goldcorp

TTD141

657.11 m @

0.50 g/t Au & 0.33% Cu

0.70% CuEq*

& 0.97 g/t AuEq*(777.00-1,434.11 m)

TTD144

114.00 m @

0.20 g/t Au

& 0.24% Cu

0.39% CuEq*

& 0.54 g/t AuEq*(223.00-337.00 m)

TTD145

39.00 m @

0.71 g/t Au &

0.48% Cu

1.02% CuEq &

1.40 g/t AuEq*(118.00-157.00 m)

Saddle North2019 Drilling

6

2019 program tested

mineralized porphyry

intrusive system to

+1.4 km depth

Demonstrated continuity

in high-grade southerly-

plunging core from surface

to highest grades at depth

100% of holes drilled

intersected Cu-Au porphyry-

style mineralization

System remains open

at depth with highly

prospective targets untested

along strike to West and

East 0 100 200

metres

Saddle North

Plan MapBase map: 10 metre

topographic contours

Projection: UTM NAD 83 Zone 9

Diamond drill collar

Assays released (current)

Diamond drill collarAssays previously released

Diamond drill collarAssays pending

Diamond Drill Collars

Legend

> 1.5

> 0.1

0.5

1.0

Plan Map Trace ShadeCuEq (%)*

*Prices used to calculate CuEq are:

Cu: $2.60/lbAu: $1,300/ozAg: $16/oz

All values are reported in USD and do not consider recoveries

TSXV: GTT

TTD142

337.87 m @

0.41 g/t Au &

0.28% Cu

0.58% CuEq*

& 0.80 g/t AuEq*(440.00-778.87 m)

TTD143

359.00 m @

0.68 g/t Au & 0.459% Cu

1.00% CuEq* & 1.37 g/t AuEq*(386.00-745.00 m)

*Prices used to calculate CuEq and AuEq are, Au: $1,300.00/oz, Ag: $16.00/oz, Cu: $2.60/lb. All values are reported in USD and do not consider metal recoveries.

7

Saddle North Drilling Across High-grade Core

73.00 m @

0.67 g/t Au and

0.51% Cu

1.38 g/t AuEq* and

1.00% CuEq*(1,179.00-1,252.00 m)

39.00 m @

0.71 g/t Au and 0.48% Cu

1.40 g/t AuEq* and 1.02% CuEq*(118.00-157.00 m)

108.11 m @

0.80 g/t Au and 0.40% Cu

1.36 g/t AuEq* and

1.00% CuEq*(1,326.00-1,434.11 m)

472.00 m @

0.39 g/t Au and

0.32% Cu

0.85 g/t AuEq* and

0.62% CuEq*(658.00-1,130.00 m)

627.00 m @

0.53 g/t Au and

0.37% Cu

1.04 g/t AuEq* and

0.76% CuEq*(648.00-1,275.00 m)

362.00 m @

0.73 g/t Au and

0.45% Cu

1.36 g/t AuEq* and

1.00% CuEq*(808.00-1,170.00 m)

TSXV: GTT

303.34 m @

0.49 g/t Au and

0.38% Cu

1.03 g/t AuEq* and

0.75% CuEq*(805.00-1,108.34 m)

Cross-section A Cross-section B

TSXV: GTT 8

• Well-mineralized envelope• ~1,400-1,600 m down-plunge

• ~700 m along strike

• thickness of ~200-560 m

(1,550 m from surface)

• High-grade core zone • +1,000 m down-plunge

• ~200-400 m along strike

• thickness of ~40-450 m

• Excellent continuity with consistent Cu-Au

grades and expanding to depth

• Open at depth with highly prospective

untested targets along strike to West and EastLooking at -10° to 065°

500 m

Poelzer Fault

0.50 g/t Au Shell

0.3 g/t Au Shell

Saddle North Large Scale Cu-Au Porphyry Discovery

1.00 g/t Au Shell

0.75 g/t Au Shell

TSXV: GTT 9

Saddle North: De-risking with Initial Metallurgical Testwork

Saddle North

MineralizationSample

Au

(g/t)

Ag

(g/t)

Cu

(%)

Fe

(%)

Stot

(%)

1. High-

grade core

Head A 0.89 1.55 0.52 6.87 1.85

Head B 0.95 1.55 0.49 6.80 1.87

Head C 0.92 1.58 0.50 6.78 1.74

Average 0.92 1.56 0.50 6.82 1.82

2. Broadly

Mineralized

Envelope

Head A 0.47 2.20 0.29 5.40 1.83

Head B 0.46 2.40 0.30 5.38 1.81

Head C 0.41 2.20 0.30 5.47 1.84

Average 0.45 2.27 0.30 5.41 1.83

Initial metallurgical testwork on composite samples from two zones of mineralization:

1. Deeper high-grade core (>1% CuEq)

Results: recovered 88% of the copperand 67% of the gold in a concentrate grading 24.5% Cu and 32.2 g/t Au

2. Broad envelope of mineralization (>0.25% CuEq)

Results: recovered 75% of the copper and 57% of the gold in a concentrate grading 22.0% Cu and 23.3 g/t Au

Potential for a simple, conventional flowsheet

Further comminution testing, with results expected in Q3 2020

• Three composite samples are being collected:

• 2 from potential open pit limits (1 from broad envelope of mineralization + 1 from high-grade core)

• 1 from deeper high-grade core of mineralization with underground mining potential

Testwork conducted by Blue Coast Research Ltd., Parksville, BC.

Saddle South – Precious Metal Vein System

TSXV: GTT 10

• Discovery of deep high-grade Cu-Au mineralization at Imperial Metals’ Red Chris project inspired regional exploration

• High grade Au in soil anomalies followed up by first ever Saddle South drilling in 2017

• Drilling to date has outlined:

An extensive near-surface zone of high grade Au-Ag vein mineralization spanning ~1,000 m X 150 m X 700 m

High-grade zones locally show good continuity across sections both near surface and at depth

Locally extensive surface expression of mineralization

• Mineralized system remains open along strike and at depth

Saddle Zone Plan Map

IP chargeability basemap

Residual Magnetic Intensity (RMI) magnetic contours

10000

metres

Saddle North (West)

Eastern Extension

mV/V

mV/V

Residual Magnetic

Intensity (contours)

500 nT

-200 nT

TTD079

9.55 g/t Au

over 40.89 m

TTD007

51.53 g/t Au and

117.38 g/t Ag

over 6.95 m

TTD058

31.79 g/t Au and

1,141.10 g/t Ag

over 3.01 m

TTD064

1.35 g/t Au

and 0.37% Cu

over 18.50 m

TTD135

10.00 g/t Au and

46.84 g/t Ag

over 57.30 m

Tatogga: New Opportunities

TSXV: GTT 11

Red Chris mine

Quash Pass

Saddle

TatoggaProperty

Soil geochemistry,

ground geophysics

and IP anomalies

define prospective

targets

Porphyry

district scale

comparisons

and Tatogga

upside

Quash Pass

Anomaly ~3km

+0

+1000

+0

+1000

NW SE

IP chargeability

Red Chris

Saddle North

3km

Cadia 5.5km

Gully Zone

Main Zone East Zone OP

East Zone UG

Au ppm

0.5

0.4

0.3

0.2

0.1

0

Ridgeway

Big Cadia

Cadia Quarry Cadia Hill

Little Cadia

Cadia East

N

N

2019 Field Season

Including all field crews and

temporary contractors:

89

36

9

27% Tahltan

Nation 134

Employees & Contractors

Other

First

Nations

Non-

First

Nation

Contracted Tahltan Nation:

• KICA (16)

• Northern Labour Services (17)

• Matrix (3)

TSXV: GTT 12

Tatogga Project Employee & Contractor Demographics

44,200

~70k

37%

$12.1

25,570

25%$3.0 M

$9.1 M

Community and Environment; Partnership and Respect

2019 Economic Contributions

AgreementsCommunications Agreement with Tahltan

Central Government$ 35,000

Hockey

Tahltan Selects 3,000

Lil Tahltan Beardogs 3,000

Iskut Sawtooth Predators 2,000

Health

& Wellness

Tene Mehodihi Tahltan youth initiative 5,000

Healthy Active Tahltans (HATS) 5,000

Literacy Camp, Iskut Valley Health Services 5,000

Education Orientation 3,000

Scholarship 5,000

Events TNDC Dease Lake Christmas party 1,000

Tahltan youth lunch at AME Roundup 2,000

Total Funds Contributed in 2019 ~$70,000

2017-2019 ACHIEVED & 2020 ONGOING:

• Continuing water quality sampling 2017-2020

• Archaeological surveys of drill and camp sites

• Engaging with TCG Lands Director and the

Tahltan Heritage Resources Environmental

Assessment Team

• Flight management plan developed in 2017 to:

• Minimize disturbance to wildlife

• Keep helicopter traffic away from Iskut

community

TSXV: GTT 13

Equity Structure & Analyst Coverage

TSXV: GTT 14

9.9%

Newmont (14.9%) participated in 2 strategic

investments in GT Gold in 2019 5:

• C$17.6M closed on May 29

• C$8.3M closed on December 12

8.914.9

11.9

39.6

24.7

% GTT

Ownership1Retail

Ross Beaty

Institutions

Directors &

Management

1. Source: IR Insight, Cap IQ, Monrningstar, direct communication with firms

and SEDI filings to January 15, 2020.

2. As at close of day February 27, 2020.

3. As at September 30, 2019.

4. Estimated cash balance as at December 12, post-close of Newmont

financing.

5. Refer to press releases dated May 29, 2019 and December 12, 2019.

.

Capitalization and Balance Sheet (C$)

Share Price2 $1.23

Basic Shares Outstanding 123.4M

Options Outstanding3 11.5M

Basic Market Capitalization $151.7M

Cash4 ~$18.4M

Total Debt $0

Analyst Coverage

Cormark Securities - Tyron Breytenbach

M Partners - Bereket Berhe

Paradigm Capital - David Davidson

PI Financial - Chris Thompson

Agentis Capital - Michael Gray

Milestones Ahead: Towards a Geological Model & Project Pipeline

TSXV: GTT 15

Advancing Saddle North gold-rich copper porphyry discovery

First drill holes (600 m drilled) - 2017

Discovery made (8,200 m drilled) - 2018

Delineation drilling (23,900 m drilled) - 2019

.............................................. ........

Metallurgical results - 2020

Ongoing consultation with Tahltan Nation

Geological model

Inferred resource

Exploration of new targets

Definition & infill drilling

Preliminary Economic Assessment

Appendix

Systematic Exploration: Towards a Geological Model & Project Pipeline

TSXV: GTT 17

Regional Geophysics

Geochemistry

Drill Testing & Oriented Core

Hyperspectral/ Alteration Mapping

Mapping

Structural Interpretation

Geological

ModelAssay Results

2019 Drilling program achieved 25,000 m goal

2020 Q1 Current and ongoing non-drilling activities:

• Saddle North - 31,163 m core relog is now completed and data is being compiled into a geological model, on

track for completion for end of Q1 2020. This model will form the foundation for an initial resource estimate in

Q2 2020, and engineering work and studies are also ongoing to deliver the PEA in Q4 2020.

• Exploration - a dedicated exploration team is now integrating various datasets to define new 2020 drill targets

2019 Drilling Summary

25,146 m Total drilling completed in 2019

23,857 m Saddle North

- Completed exploration, delineation and infill drilling to supply sufficient

data to support generation of geological model through preparation of an

initial inferred resource to be released in Q2 2020

1,289 m Saddle South

- Obtained oriented core data to: 1) better understand controls on

mineralization, 2) to collect a representative metallurgical sample,

3) provide necessary control for construction of a geological model

TSXV: GTT 18

TSXV: GTT 19

Saddle South – 2019 Exploration Drilling

20

Saddle South – 2019 Exploration Drilling

Red Chris mine

Saddle

TatoggaProperty

Quash Pass

Additional Opportunities: Quash Pass Priority Target

TSXV: GTT 21

• Quash Pass target (~7-8 km southwest of Saddle) is defined by a 5-6 km long precious metals-rich

multi-element soil and rock geochemical anomaly with a coincident strong geophysical response, and

a similar east-west strike to the Saddle system.

• An initial reconnaissance drill program is in planning.

Copper Outlook – Growing Demand for New Supply

TSXV: GTT 22

1. Source: Wood Mackenzie mining investment presentation at TD Mining Conference

in January 2019.

2. Source: RBC Capital Markets report on copper, published May 7, 2018.

Mine production and demand for mine supply Mt (forecasts after 5% disruption allowance)1

Global copper supply declines with diminishing

long-term production1,2

• Mine production expected to peak by 2022,

creating structural deficit

• Long-term production affected by decreasing

mined grades and increasing capital intensity

Demand for copper is growing sustainably3

• Driven by copper’s inherent high-efficiency and environmental

benefits

• Driven by increased demand for electric vehicles and renewable

energy systems

• Green initiatives led by China - with a predicted 50% of total

primary-energy supply coming from renewable sources by 2050

3. Source: ICA (International Copper Association) website 2019.

New projects are required to meet future

demand growing at ~1.5% p.a.

Projected 5Mt deficit in new copper

mine supply by 2028 as existing

production declines and demand

continues to grow steadily2

PAUL HARBIDGE, PRESIDENT, CEO AND DIRECTOR

Sunlife Plaza

1100 Melville Street, Suite 610

Vancouver, BC V6E 4A6

236-427-4711

www.gtgoldcorp.ca