Saddle North Project, Tatogga Property

Golden Triangle, BC

JULY 2020 TSX-V : GTTOTC : GTGDF

INVESTOR PRESENTATION

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 Michael Skead, FAusIMM, VP Project Development. Mr. Skead has reviewed and approved the technical

information in this presentation.

Attractive New Copper & Gold Investment Opportunity

TSXV: GTT 3

Maiden Mineral Resource for Saddle North Project• Multi-billion pound copper and multi-million ounce gold resource• Located in Tier-1 Canadian jurisdiction with infrastructure• Prospective property with regional exploration upside potential

Strong Leadership Team• Highly experienced management and board with proven track record• Clear, dual-focused growth strategy to create long-term value

Solid Financial Position• Sufficient funds to support 2020 exploration season and work to complete

Saddle North PEA

Shareholder Confidence• 11.9% ownership by Directors and Management• 14.9% ownership by Newmont Corporation

LEADERSHIP & GROWTH STRATEGY

$14.4M CASH*NO DEBT

INSIDER & CORPORATEOWNERSHIP

1.81 Blb Cu | 3.47 Moz AuINDICATED RESOURCE

2.98 Blb Cu | 5.46 Moz AuINFERRED RESOURCE

*as at March 31, 2020

Highway 37

SADDLE

DISCOVERIES

287 kV Power Line

• Existing Infrastructure

• Easily Accessible

• Within Tahltan Traditional Territory

• Within Prolific Golden Trianglein BC, Canada

TATOGGA PROPERTY Iskut

Community

N

TATOGGA PROPERTY

Tier 1 Mining Jurisdiction with Access and Infrastructure

7/28/2020TSXV: GTT 4

Attractive New Investment Opportunity with District Upside Potential in Canada

TSXV: GTT 5

1. ADVANCE SADDLE NORTH TO PEA

Saddle North large-scale gold-copper porphyry deposit with optionality and expansion upside

✓ Geological model completed in Q1

✓ Initial mineral resource estimate completed in Q2

• Continue ongoing engineering work and studies to deliver the Preliminary Economic Assessment (PEA) in Q4 2020

2. DEVELOP NEW TARGETS ON PROPERTY

• Quash Pass target5-6 km long strong coincident soil and geophysical anomaly located less than 8 km from Saddle area

• Saddle areahighly prospective untested targets adjacent to Saddle discoveries

• Additional targets identified on prospective 468 km2 property

2020 Clear Dual-focused Strategy to Create Long-term Value

Saddle North Mineral

Resource Estimate

Alteration Model*Lithology Model*

*See press releases dated April 28, 2020 and July 6, 2020 for details on Saddle North alteration and lithology models and Quality Control processes in creating the Mineral Resource estimate.

Shapes from the geological model were imported and used as estimation domains to create the Mineral Resource Block Model

SADDLE NORTH MINERAL RESOURCE

Quality Control from Geological Model to Mineral Resource Estimate

TSXV: GTT 7

0m 250m 500m 750m

Saddle North Combined Mineral ResourceOpen Pit and Underground*

Indicated Resource298 Mt @ 0.28% Cu, 0.36 g/t Au and 0.79 g/t Ag

1.81 Blb Cu, 3.47 Moz Au and 7.58 Moz Ag

Inferred Resource543 Mt @ 0.25% Cu, 0.31 g/t Au and 0.67 g/t Ag

2.98 Blb Cu, 5.46 Moz Au and 11.64 Moz Ag

✓ Open pit as well as underground mining potential

✓ Potential for expansion with mineralization opendown plunge and to the southwest

• Basis for PEA expected by year-end 2020

SADDLE NORTH MINERAL RESOURCE

2020 Maiden Mineral Resource Summary

Saddle North Combined Mineral ResourceOpen Pit and Underground*

*See press release dated July 6, 2020 for notes on mineral resources, Net Smelter Return (“NSR”) and assumptions

TSXV: GTT 8

SADDLE NORTH MINERAL RESOURCE

2020 Mineral Resource Estimates & Assumptions Saddle North Open Pit Mineral Resource (NSR1 cut-off $9.00/t)

ResourceCategory

Tonnes(Mt)

Average Grade Contained MetalCu(%)

Au(g/t)

Ag(g/t)

Cu(M lb)

Au(koz)

Ag(koz)

Open Pit Material

Transition Indicated 21.3 0.15 0.16 0.50 72 108 343Inferred 13.0 0.20 0.12 0.62 58 49 261

Fresh Indicated 195.8 0.26 0.30 0.67 1,105 1,906 4,207Inferred 240.5 0.22 0.25 0.53 1,174 1,907 4,091

Total Indicated 217.1 0.25 0.29 0.65 1,177 2,014 4,550Inferred 253.5 0.22 0.24 0.53 1,232 1,956 4,352

Saddle North Underground Mineral Resource (Bulk shape based on C$16/t NSR)

Resource Category

Tonnes(Mt)

Average Grade Contained MetalCu(%)

Au(g/t)

Ag(g/t)

Cu(M lb)

Au(koz)

Ag(koz)

Underground Material

Total Indicated 80.9 0.35 0.56 1.16 632 1,457 3,026Inferred 289.3 0.27 0.38 0.78 1,750 3,499 7,288

Saddle North Combined Open Pit and Underground Mineral Resource

ResourceCategory

Tonnes(Mt)

Average Grade Contained MetalOpen Pit and Underground

Cu(%)

Au(g/t)

Ag(g/t)

Cu(M lb)

Au(koz)

Ag(koz)

Combined Indicated 298.0 0.28 0.36 0.79 1,809 3,471 7,576Inferred 542.8 0.25 0.31 0.67 2,982 5,455 11,640

• Differences may occur in totals due to rounding.• The effective date for the Mineral Resource is July 6, 2020.• Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be

materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.• CIM definitions were followed for classification of Mineral Resources. The quantity and grade of reported indicated and inferred Mineral Resources in

this estimation are uncertain in nature. There has been insufficient exploration data to define the inferred Mineral Resources as an indicated MineralResource and it is uncertain if further exploration will result in upgrading them to an indicated or measured Mineral Resource category.

Assumptions

• Metal prices: US$3.25/lb Cu / US$1,500/oz Au / US$18/oz Ag

• Avg relative density: 2.80 g/cm3

• US$/C$ exchange rate: 0.76

• Metal recoveries: 88% for Cu / 67% for Au / 58% for Ag

Open Pit

• Mining costs: C$2.30/t, with additional incremental depth cost

• Processing and G&A costs: C$9.00/t

• Pit wall angle: - 45º

• Net Smelter Return (“NSR”) cut-off: C$9.00/t

Underground

• Underground bulk mining shape based on NSR C$16.00/t……………………………………………………………………………………………………………………………………………………………………………………………………………………………………

• Payable metal net of smelter costs at 89%

• 1NSR ($/t) = (Cu% x $73.84 per % Cu) + (Au g/t x $37.84 per gram Au) + (Ag g/t x $0.39 per gram Ag)

TSXV: GTT 9

SADDLE NORTH MINERAL RESOURCE

Resource Grade Continuity and Zonation

1

1

3

7

8

9

11

12

9

6

2

1

1

7

11

9

12

12

9

14

18

12

12

12

7

6

3

2

19

36

41

39

38

38

30

30

20

15

15

9

5

3

3

2

27

47

59

46

38

28

17

8

3

1

5

44

64

41

15

5

2

1

1

0 20 40 60 80 100 120 140 160

1,700

1,600

1,500

1,400

1,300

1,200

1,100

1,000

900

800

700

600

500

400

300

200

100

Resource (Mt)

Elev

atio

n (m

)

Tonnes of Resource by NSR value per 100 m Depth Intervals

over 60 40 - 60 20 - 40 09 - 20 0 - 09

Notes

• Net Smelter Return (“NSR”) ($/t) = (Cu% x 2204.62lb/t x Cu Recovery x payable% x Cu Price) + (Au g/t ÷31.10348 ounces x Au Recovery x Au Price xpayable%) + (Ag g/t ÷ 31.10348 ounces x AgRecovery x Ag Price x payable%) Payable metal net ofsmelter costs at 89%

• NSR ($/t) = (Cu% x $73.84 per % Cu) + (Au g/t x$37.84 per gram Au) + (Ag g/t x $0.39 per gram Ag)

• Metallurgical recoveries of 88% for copper, 67% forgold and 58% for silver

• Metal prices of USD $3.25/lb of copper, USD$1,500/oz of gold and USD $18/oz of silver

• Average density of 2.80 g/cm3

Continuous grades extending +1.5 km

TSXV: GTT 10

Mt per NSR category

SADDLE NORTH MINERAL RESOURCE

Saddle North Resource Expansion PotentialMineralization remains open at depth and to northwest and southeast

N

850 m

1.15

km

B’

BA’

A

B’B

TSXV: GTT 11

Saddle North plan view

A’A

ADVANCING SADDLE NORTH

Next Steps – towards a PEA in 2020

TSXV: GTT 12

Q3: File National Instrument 43-101 (“NI 43-101”) Technical Report for Saddle North Mineral Resource

Q3: Results expected from further comminution testing of nine variability samples collected:• 5 from potential open pit limits (3 from broad envelope of mineralization + 2 from high-grade core)• 4 from deeper high-grade core of mineralization with underground mining potential

Q4: Anticipated completion of Saddle North Preliminary Economic Assessment by year-end 2020• Mining – mine design, access & infrastructure, production schedule, optimization, cut-off grade• Geotechnical / Hydrology – tailings management, site water management, waste rock facility• Mineral Processing / Metallurgy – basic engineering & design, flowsheets, site layouts• Environmental / Social - water quality, climate, hydrology, hydrogeology, wildlife & vegetation,

fisheries, ARD/ML, socioeconomics, land use, culture and heritage • Estimating - capital, sustaining and operating costs • Economic Analysis - financial model with indicators and sensitivity analysis• Filing of NI 43-101 Technical Report within regulatory time frame to follow early 2021

TSXV: GTT 12

Saddle South Upside

Saddle

TSXV: GTT 14

• 2017: High grade gold-in-soil anomalies were followed up by first ever drilling at Saddle South

• Drilling to date (2017-2019) has outlined:✓ An extensive near-surface zone of

high grade Au-Ag vein mineralization spanning ~1,000 m X 150 m X 700 m

✓ Good continuity across sections both near surface and at depth in high grade zones

✓ Locally extensive surface expression of mineralization

• Mineralized system remains open along strike and at depth

• Situated within 3 kilometres of Saddle North project

Saddle Zone Plan Map

IP chargeability basemap

Residual Magnetic Intensity (RMI) magnetic contours

10000metres

Saddle North (West)

Eastern Extension

mV/V

mV/V

Residual Magnetic Intensity (contours)

500 nT

-200 nT

TTD0799.55 g/t Au

over 40.89 m

TTD00751.53 g/t Au and

117.38 g/t Ag over 6.95 m

TTD05831.79 g/t Au and 1,141.10 g/t Ag

over 3.01 m

TTD0641.35 g/t Au

and 0.37% Cu over 18.50 m

TTD13510.00 g/t Au and

46.84 g/t Ag over 53.73 m

ADVANCING SADDLE AREA

Saddle South – Precious Metal Rich Vein System

TSXV: GTT 15

Historical drilling (2017-2019)• Reverse circulation drilling:

2017: 28 holes (1,524 m)

• Diamond drilling:2017: 58 holes (14,471 m)2018: 36 holes (16,587 m)2019: 4 holes (1,289 m) TOTAL: 98 holes (32,347 m)

ADVANCING SADDLE AREA

Saddle South – Gold and Silver Rich System Adds UpsideTTD135

9.47 g/t Au and 6.30 g/t Ag

over 2.59 m(158.66 – 161.25 m)

TTD13510.00 g/t Au

and 46.84 g/t Ag over 53.73 m

(93.27 – 147.00 m)

TTD1354.29 g/t Au

and 8.53 g/t Ag over 14.80 m

(34.00 – 48.80 m)

TTD1405.60 g/t Au

and 15.19 g/t Ag over 15.00 m

(35.00 – 50.00 m)

TTD1404.00 g/t Au

and 15.23 g/t Ag over 23.74 m

(53.36 – 77.10 m)

TTD1406.58 g/t Au

and 26.46 g/t Ag over 28.30 m

(80.70 – 109.00 m)

16

ADVANCING SADDLE AREA

Saddle South – Cross Sections of a Precious Metal Rich Vein System

4.29 g/t Au & 8.53 g/t Ag over 14.80 m

10.00 g/t Au & 46.84 g/t Ag over 53.73 m

9.47 g/t Au & 6.30 g/t Ag over 2.59 m

30.39 g/t Au & 56.71 g/t Ag over 1.75 m

5.38 g/t Au & 2.98 g/t Ag over 1.00 m

5.60 g/t Au & 15.19 g/t Ag over 15.00 m4.00 g/t Au

& 15.23 g/t Ag over 23.74 m

6.58 g/t Au & 26.46 g/t Ag over 28.30 m

1.70 g/t Au & 3.73 g/t Ag over 23.00 m

0.52 g/t Au & 0.67 g/t Ag over 10.00 m

5.53 g/t Au & 7.88 g/t Ag over 11.00 m

2.80 g/t Au & 2.45 g/t Ag over 8.00 m

2.24 g/t Au & 1.27 g/t Ag over 6.49 m

1.91 g/t Au & 16.05 g/t Ag over 0.66 m

2020 Exploration

TSXV: GTT 18

• Porphyry district comparisons show Tatogga upside • Initial diamond drill program beginning late July in

Quash Pass area• Saddle remains a high priority target area

Red Chris mine

Saddle

TatoggaProperty

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

DEVELOPING A PROJECT PIPELINE

2020 Exploration: District Potential

Note: Cadia and Red Chris sections sourced from Newcrest’s Exploration Edge presentation (Jan 20, 2020)

6,402,000 mN

430,

000

mN

432,

000

mN

430,

000

mN

432,

000

mN

Apparent Conductivity (Mobile MT)

> 6.86 mS/m

5.59 mS/m

5.06 mS/m

4.93 mS/m

4.73 mS/m

4.54 mS/m

< 3.19 mS/m

Induced Polarization

Chargeability

> 25.0 mV/V

6.0 mV/V

5.0 mV/V

4.0 mV/V

3.0 mV/V

2.0 mV/V

0.0 mV/V

TATOGGA PROPERTYQuash-Pass

QUASH-PASS

• Multielement & Index Signatures• Large base metal surface

expression• Multielement zonation and

corridors

0 500

metres

250

Quash-Pass Plan MapBase maps:

IP Chargeability, 213 Hz MT, 50 m Elevation

Contours, & Streams.

Projection: UTM NAD 83 Zone 9

• Four Distinct Soil Geochemical Targets• Main Trend, Silverhead, Central, &

Valleyside

1 – 5

5 – 10

10 – 25

25 – 50

50 – 75

75 – 100

100 – 150

>150

Au-in-Soil (ppb)

0 500

metres

250

Quash-Pass Plan MapBase maps:

IP Chargeability, RMI Magnetic Contours, 50 m Elevation Contours,

& Streams.

Projection: UTM NAD 83 Zone 9

Induced Polarization

Chargeability

> 25.0 mV/V

6.0 mV/V

5.0 mV/V

4.0 mV/V

3.0 mV/V

2.0 mV/V

0.0 mV/V

RMI MagneticsContoured

>500 nT

100 nT

50 nT

0 nT

<-200 nT

TATOGGA PROPERTYSaddle North

SADDLE AREA• More to be Found

• Saddle North, along strike, at depth, and in the Poelzer Footwall• Western Geochem, Central and

Southern IP anomalies

• New and Old Targets from Surface• TTD064: 7.40 m @

2.28 g/t Au, 0.56% Cu

1 – 5

5 – 10

10 – 25

25 – 50

50 – 75

75 – 100

100 – 150

>150

Au-in-Soil (ppb)

Collars Legend

Past Drilling

2019 FIELD SEASON

Respect for Community, Culture and Wildlife

• Formal Communication and Engagement Agreement with Tahltan Central Government

• Continuing water sampling

• Progressive reclamation of drill and camp areas

• Archaeology assessment and surveys

SOCIAL RESPONSIBILITY

Working in Tahltan Traditional Territory

TSXV: GTT 21

Tahltan employees

Exploration spending in

contracts with Tahltan or

Tahltan Partner companies

Community Sponsorship and

Communications Agreement

27%

$3M

~$70k

TSXV: GTT 22

9.9% 8.914.9

11.9

39.6

24.7% GTT

Ownership1Retail

Ross Beaty

Institutions

Directors & Management

1. Source: IR Insight, Cap IQ, Morningstar, direct communication with firms and SEDI filings to May 30, 2020.

2. Prices and year to date average volume provided as at close of day July 22, 2020.3. As at April 20, 2020.4. As at March 31, 2020.5. Refer to financing press releases dated May 29, 2019 and December 12, 2019..

Capitalization and Balance Sheet (C$)Share Price2 $1.47Basic Shares Outstanding3 125.9MOptions Outstanding3 10.4MBasic Market Capitalization $185.1MCash4 $14.4MTotal Debt $0

Analyst Coverage• Agentis Capital – Michael Gray• Cormark Securities – Brock Colterjohn• Industrial Alliance – George Topping• M Partners – to be confirmed, analyst left firm• Paradigm Capital – David Davidson• PI Financial – Chris Thompson• Stifel GMP – Tyron Breytenbach

INVESTOR INFORMATION

Equity Structure & Analyst Coverage2020 Year to Date2 Share Perfomance

Newmont5

GT Gold average daily volume: 546,000 shares(consolidated across Canadian venues)

+38% +34%

+19%

+4%

GT Gold GDXJ Gold Copper

Q&A

Sunlife Plaza. 1100 Melville Street, Suite 610

Vancouver, BC V6E 4A6

236-427-4711 | www.gtgoldcorp.ca

For investor inquiries, please contact:

JENNI P IETTE, HEAD OF INVESTOR RELATIONS

647-531-2471 | j.piette@gtgoldcorp.ca

Thank you for joining