Precious Metals Focused

CORPORATE PRESENTATION | AUGUST 2020

CSE:CCC FSE:1OZ OTC:DLRYF

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Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of Carlyle Commodities Corp.

(“Carlyle”). This summary may include forward-looking statements as well as historical information. Forward-looking statements include, but are not

limited to, the advancement of mineral exploration, development and operating programs. 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 Carlyle believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and

uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The information contained in

this summary was current at the date of publication. Carlyle does not warrant or make any representations as to the ongoing accuracy of this information,

the validity or completeness of any facts or information contained in this summary. Carlyle may revise this information in subsequent publications but

does not assume the obligation to update any information. Carlyle shall not be liable or responsible for any claim or damage, direct or indirect, special or

consequential, incurred by the reader arising out of the interpretation, reliance upon or other use of the information contained in this summary. This

information is not intended to be and should not be construed in any way as part of an offering or solicitation of securities. No securities commission or

other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way passed upon the information contained in this

summary.

Please note all work mentioned above is historic in nature and cannot be relied upon as Carlyle’s QP, as defined under NI 43-101 has not prepared nor

verified the historical information at this time. The reader is cautioned that any mention of tonnage is highly speculative and conceptual in nature and, as

such, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated

as a mineral resource. Any reference to historical results are believed to be based on reasonable assumptions, and neither the company nor its qualified

person has any reason to contest the relevance and reliability of the historical samples. A qualified person has not done sufficient work to replicate any

mention of historic rock grab samples using current lab methods. Although the historical rock grab samples are believed to be based on reasonable

sampling and assay methodologies, they were calculated prior to the implementation of National Instrument 43-101. Any historical assays do not meet

current standards as defined under sections 3.2a-c of NI 43-101; consequently, the Company is not treating the historical rock grabs with full confidence at

this time. Any information about adjacent properties on which Carlyle Metals does not have the right to explore or mine are not under the Company’s

control. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties. Historical

information regarding the Company’s projects are reported for historical reference only.

FORWARD-LOOKING STATEMENTS

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Precious Metals Focused

Strong Management

High-Grade Mexican Gold Project

ABOUT CARLYLE

Carlyle Commodities Corp. is listed on the CSE under the ticker CCC and is focused on acquiring, financing and developing growth-stage exploration projects that offer substantial upside.

Exploration and Discovery Upside

Tight Share Structure

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MANAGEMENT TEAMDeep Capital Markets and Resource Development Experience

Morgan GoodCEO & Director

Mr. Good is a Venture Capitalist with 15years of experience as a stock marketprofessional focusing in areas of finance,corporate development and investorrelations. Mr. Good recently served asCEO of ALQ Gold Corp, now IgniteInternational Brands. (CSE:BILZ), whereinJanuary 2019 he handed his CEO roleover to Mr. Dan Bilzerian, an InstagramCelebrity and professional poker player,who just launched his global cannabisbrand ‘Ignite’. Mr. Good has been directlyand indirectly responsible for raising inexcess of ~$100M over his career.

Mike BladyDirector

Mr. Blady has served as seniormanagement, director, and member ofthe audit committees for several publiclylisted companies. Currently CEO andDirector of Golden Ridge Resources(TSXV:GLDN), which made a newmajor copper-gold porphyry discovery inthe Golden Triangle. Mr. Blady is also anOfficer and Director of GTEC Holdings(TSXV:GTEC). Mr. Blady has served inmany other companies on executivelevels where he has been directly andindirectly responsible for raising inexcess of ~$150M to date.

Leighton Bocking Director

Mr. Bocking is an independent CorporateDevelopment Consultant. He was theManager of Corporate Development atGold Standard Ventures Corp. fromOctober 2014 through November 2015,and prior to that worked in a CorporateDevelopment role at Timmins Gold Corp.from March 2008 through July 2013, bothmining resource companies thatcombined raised in excess of ~$100M.

Alastair BrownlowCFO

Mr. Brownlow is a Chartered ProfessionalAccountant and a U.S. Certified PublicAccountant (Washington) with significantpublic company experience who hasspecialized in the mineral explorationand development field in Canada andthroughout the world. Mr. Brownlow alsopreviously worked as an auditorspecializing in financial and regulatoryreporting of public and private fund andtrust companies.

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KEY PARTNERSIndustry Leading Expertise

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OUR BUSINESS MODELExploration Upside with OPM

CORE EXPLORATION

✓ Precious metals focused

✓ Targeting high grade projects

✓ Favorable jurisdictions

✓ Assembling district-scale plays

✓ Low capital cost exposure

✓ Leverage to commodity prices

✓ Significant exploration upside

PARTNER OPM MODEL

✓ Project generator model

✓ OPM (Other people's money)

✓ Low exploration costs

✓ Low exploration risk

✓ Exploration & discovery upside

✓ Cash flow through cash & share payments

✓ Project royalties retained

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Mexico

OUR PROJECT FOCUSLow Political Risk & Located Near Producing Mines

Canada

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WHY MEXICO?One of the World’s Most Prolific Mining Jurisdictions

Mexico is the world's fourth-largest foreign

direct investment (FDI) destination for mining

Mexico is the world’s top producer of silver

and ninth-largest producer of gold

Mining in Mexico supports over 379,000 direct jobs and almost 2 million indirect jobs

Sources: Statistica.com, privacyshield.gov & KPMG.com CARLYLE

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base of Rhyolite Flow-Dome Complex

View to the Southwest

San Jose Target

Agua Prieta –North Breccia Target

Central Target

East Target

Cruz Target

Llano Target

Mesa Target

MagallancitoDome Target

FLAGSHIP PROJECTCecilia Gold Project – Sonora, Mexico

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CECILIA PROJECT OVERVIEWExtensive Wide Intervals of Gold Mineralization

MULTIPLE DRILL TARGETS:

Cerro Magallanes Targets (4): San Jose, North Breccia,

Central Target and East Target (Summer 2020 Drilling)

Cecilia 1 Targets (6): Casa de Piedra, La Mesa, Medias Rojas,

Cruz 1, Cruz 2 and Magallanecito

COMMODITY: Gold and Silver

DEPOSIT TYPE: Low Sulphidation Epithermal Au-Ag Rhyolite Flow Dome Complex

LOCATION: Sonora, Mexico – 40 km SW ofAgua Prieta

SIZE: 7,739.4 hectares

STATUS: Drill Permitted

HIGHLIGHTS: 133.7 g/t Au and 335 g/t Ag top rock chip and grab samples

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PROLIFIC PROVEN REGIONMany Producing Mines in West Mexico

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RECENT DISCOVERY SUCCESSThe Power of Exploration Discovery

Sources: Statistica.com, privacyshield.gov & KPMG.com CARLYLE

Drill Assays Announced

Drill Assays Announced

Vizsla ResourcesTSXV: VZLA

Project in Western Mexico+600% increase in 3 weeks

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INTERVAL SAMPLINGCerro Magallanes Targets - Extensive Wide Intervals of Gold Mineralization

Combined previous interval

sampling highlights include:*

SURFACE

30 & 60 g/t samples

27m @ 3.1 g/t Au

25m @ 3.6 g/t Au

20m @ 2.4 g/t Au

UNDERGROUND

26m @ 1.9 g/t Au

14m @ 2.4 g/t Au

47m @ 1.1 g/t Au

DRILLING

30m @ 1.41 g/t Au

42m @ 0.5 g/t Au

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ROCK-CHIP SAMPLING Cerro Magallanes Targets - Widespread High-Grade Gold Mineralization

• North Breccia: 8.0 m @ 3.90 g/t Au; 3 channel samples, 1.34-4.1 g/t Au

• North Breccia: 9.7 m @ 1.18 g/t Au; 5 channel samples, 0.45-2.63 g/t Au

• West Zone: 3.0 m @ 5.45 g/t Au; 2 channel samples, 3.60 and 7.9 g/t Au

+80 of 706 samples assayed, sampled

>1.0 g/t Au

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INITIAL DRILL TARGETSWest-East Section Central Zone Targets, Au Grades at Surface

1700

1800

1900

2000

2100

2200

1600

Working 2611 Cambior samples along NW structure averaging 3.03 g/t Au

6 rock-chip samples >0.3 – 1.1 g/t Au

Working 2217 CRM samples 1-5 g/t Au

9 rock-chip samples >0.5 – 9.01 g/t Au3m @ 5.45 g/t Au

Workings 19, 20CGC sampling: 1.6 g/t Au across 16m,grab sample: 133.7 g/t Au

15 rock-chip samples >0.5 – 3.38 g/t Au3m @ 5.45 g/t Au

Working 187 CRM samples >0.5 – 8.2 g/t Au

Working 16-Level 1 13 Cambior samples >0.5 – 7.4 g/t AuWorking 16-Level 316 Cambior samples >0.5 – 2.6 g/t Au

Working 1422 Cambior samples >0.5 – 4.2 g/t Au

Working 1326 Cambior samples >0.5 – 5.64 g/t Au

Working 12not sampled

95-0683-01

95-0395-07

95-02

95-13

95-1095-09

83-0495-17

200m

Massive and flow-banded porphyritic rhyolite

Rhyolitic lithic tuff, tuff-breccia

Rhyolitic flow-breccia, lahar breccia

Cretaceous sandstone-siltstone

CGC = Chesapeake Gold Corp.CRM = Consejo Recursos Minerales

2. Central Zone

3. East Zone

4 rock-chip samples >0.5 – 3.0 g/t Augrab sample: 13.9 g/t Au

1. West Zone

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EXPLORATION NEXT STEPS5-Step Exploration Strategy for Cecilia

1. PROSPECTINGFirst pass visits and sampling of historic workings to locate and sample veins on surface and in underground workings.

2. DETAILED MAPPINGVeins with higher potential are then followed up with systematic sampling and detailed surface and underground mapping to finalize drill targets.

3. DRILL TARGET DEFINITIONHighest priority drill targets selected and permitting secured.

4. DISCOVERY DRILLINGSummer 2020; Carlyle is undertaking a 5,000-meter drill program to test three gold targets that have been defined from a combination of sampling old mine workings and recent prospecting.

5. RESOURCE DRILLING On success, more detailed drilling to define resources in the most prospective areas.

August 2020

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BC-BASED PROJECTS

Offering Exploration Upside

Strategic Partnership

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HDI MINING GROUPStrategic Partnership

Carlyle has formed a strategic partnership with Hunter Dickinson (HDI) affiliate and Robert Dickinson.

The HDI track record spans over 30 years, 19 public and private companies, dozens of mineral properties on six continents, leading to the development and operation of eight mines. Along the way, HDI has raised more than C$1.9 billion in equity financing and has generated significant value for its public company shareholders - far in excess of industry peers and benchmark indices.

HDI and its affiliated companies have formed successful partnerships with many of the world's leading mining and metals companies including:

➢ Rio Tinto plc

➢ Anglo American plc

➢ Anglo American Platinum

➢ Mitsubishi Corporation

Robert A. DickinsonDirector and Chairman of HDI

• 2012 inductee to the Canadian Mining Hall of Fame

• 2010 - Charles F. Rand Memorial Gold Medal

• 2008 - A.O. Dufresne Award

• 2004 - Entrepreneur Of The Year 2004 Pacific Award Ernst & Young

➢ Jinchuan Group Ltd.

➢ Sojitz Corporation and

➢ Zijin Mining Group Co. Ltd.

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MACKCopper – Molybdenum – Gold Project

Mack

• The Mack Property is located on a overburden covered, alpine plateau 23 km west of the village of Dease Lake, which is on the Stewart-Cassiar Highway some 88 km north of the Red Chris gold-copper mine operated by Newcrest Mining Ltd., and 75 km north of the Saddle North gold-copper discovery on the Tatogga property of GT GOLD.

• Based on historical records compiled by UMS, the Mack copper-molybdenum-gold sheeted and stockwork vein deposit target forms a northwest trending zone measuring 1,000 m long and some 600 m wide, which is outlined by a combination of recent soil geochemical and airborne magnetic surveys and historical Induced Polarization (“IP”) chargeability surveys.

• Samples from a trench and pits yielded up to 0.13 per cent molybdenum, 0.39 per cent WO3 (or 0.3 per cent tungsten) and up to 1.6 grams per tonne gold.

MACK

Strategic

Partnership

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EXPLORATION OF MACKPlanned Drilling During Summer/Fall 2020

1. PROSPECTING

2. DETAILED MAPPING

3. DRILL TARGETS SELECTED

4. DRILLING PERMITS APPLIED

5. DISCOVERY DRILLINGSummer 2020; Carlyle is undertaking a 14-day drill program to test selected high-priority drilling targets within the core Mack deposit target zone

6. RESOURCE DRILLING On success, more detailed drilling to define resources in the most prospective areas.

August 2020

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JAKEDrill Ready Porphyry Copper-Gold Project

Jake

• The 845.64 ha Jake Property is located in the OminecaMining Division in north-central BC, 160 km north of Smithers.

• The Jake deposit target is compelling based on data compiled and reported by UMS featuring a 4,000 m long by 2,000 m wide gossan centred on a northeast trending ridge-line characterized by extensive dykingintruding sedimentary rocks.

• Within this altered, gossanous area is a 2,300 m long by 1,000 m wide gold-in-talus geochemical anomaly which indicates the presence of a significant size, epithermal gold system that overlies an associated porphyry copper-gold deposit target as indicated by geochemical and geological surveys.

• Soil sampling indicates wide areas contain consistently elevated precious metal values: 5OO-lOOO+ ppb Au and 6.0-24.6 ppm Ag.

JAKE

Strategic

Partnership

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EXPLORATION OF JAKEPlanned Drilling During Spring 2021

1. PROSPECTING

2. DETAILED MAPPING

3. DRILL TARGETS SELECTED

4. DRILLING PERMITS APPLIED

5. DISCOVERY DRILLING

6. RESOURCE DRILLING

August 2020

September 2020

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SHARE STRUCTURE

~24% Others/Retail

~56% Financial Partners

and Affiliates

~14% Management

and Insiders

Shares Outstanding: 23,334,516*

Warrants: 15,827,000 ($0.20)

Special Warrants: 3,000,000**

Company Options: 2,012,571 ($0.15 to $1.75)

Fully Diluted: 44,174,087

Cash: ~$1M

Market Cap: ~$5M

CSE:CCC FSE:1OZ OTC:DLRYF

~6% Riverside

Resources

* ~ 18 million shares subject to escrow (Real float of ~ 5 million shares)** Special Warrants begin vesting in July 2021 (6-month tranches over subsequent 24-months)

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CECILIA PROPERTY OPTIONEarning 100% Ownership Over 3-Years

Payment Date Cash Payment Amount Carlyle Shares Special Warrants Expenditures

Upon execution of LOI $10,000 - - -

Upon Closing $40,000 1,500,000 3,000,000 -

12 month from Closing $50,000 - - $750,000

24 months from Closing $50,000 - - $500,000

36 months from Closing $50,000 - - $1,250,000

Total: $200,000 1,500,000 3,000,000 $2,500,000

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HDI PROPERTY OPTIONSEarning 50% Ownership

• United Mineral Services Ltd. (“UMS”), a private company affiliated with Hunter Dickinson Inc. (“HDI”) and owned 100% by Robert Dickinson, Chairman of HDI has entered into two separate British Columbia mineral property option agreements with Carlyle for the Mack and Jake properties.

• Under the terms of the Mack Option Agreement and the Jake Option Agreement, Carlyle has the right to earn a 50% working interest in the Mack copper-molybdenum-gold and Jake gold properties by completing $400,000 of drilling and other surveys on each property.

• Upon completion of the required expenditures, separate 50:50 Joint Ventures will be formed between Carlyle and UMS (or its assigns) in order to continue to advance each asset.

• Carlyle and UMS have agreed that HDI affiliated, Amarc Resources Ltd., which has extensive BC exploration experience, will operate the exploration programs.

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The Carlyle team is actively reviewing other precious metal exploration projects of merit with a focus on the Americas and is targeting to close additional deals in 2020.

Deal Flow Pipeline

Earning 100% interest in the Western Mexico-based Cecilia Gold project. High-grade gold potential. Multiple drill-ready targets.

Highly Prospective Flagship Gold Exploration Project

WHY INVEST?

Carlyle has approx. 23 million shares outstanding and a small float of ~5 million shares. Shareholders are experienced resource investors offering prospective investors good value and significant upside potential.

Tight Share Structure

Committed management team with proven success in raising capital, making exploration discoveries and creating significant shareholder value.

Strong Management

Our precious metals focused exploration business model provides Carlyle shareholders with leveraged exposure to the surging commodity prices.

Leveraged Exposure to Precious Metals Prices

CSE:CCC FSE:1OZ OTC:DLRYF

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CARLYLE COMMODITIES CORP.4302 – 1151 West Georgia Street, Vancouver, BC V6E 0B3

morgan@carlylecommodities.com | Phone: 604 715 4751

CONTACT INFORMATION

CSE:CCC FSE:1OZ OTC:DLRYF