Corporate Presentation

October 2020

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www.majorprecious.com

CSE:SIZEOTC:SIZYF

FRANKFURT:3EZ

Forward-Looking Information

This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the futurefinancial or operating performance of Major Precious Metals Corp (“MPM”), its subsidiaries and its projects, the future price of platinumgroup metals (“PGM’s”), the estimation of Mineral Resources, operating and exploration expenditures, costs and timing of development ofnew deposits, costs and timing of future exploration, requirements for additional capital, government regulation, environmental risks,reclamation expenses, title disputes or claims and limitations of insurance coverage. Often, but not always, forward-looking statements canbe identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,“anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events orresults “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknownrisks, uncertainties and other factors which may cause the actual results, performance or achievements of MPM and/or its subsidiaries to bematerially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Suchfactors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of currentexploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices ofPGM’s; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident,labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion ofdevelopment or construction activities. Although MPM has attempted to identify important factors that could cause actual actions, eventsor results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions,events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of thedate of this presentation and MPM disclaims any obligation to update any forward-looking statements, whether as a result of newinformation, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, asactual results and future events could differ materially from those anticipated in such statements.

MPM undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions shouldchange. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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Cautionary Statements

Cautionary Statement on Historical Estimate Disclosure

Several parts of this corporate presentation disclose details on a historical resource estimate (“historical estimate”) completed by PlatinaResources Ltd. (“Platina”) for the Skaergaard Project in July 2013 using metal price assumptions of US$1,400/oz for gold and platinum, andUS$560/oz for palladium. This historical estimate was completed and reported under JORC Code (2012) standards and disclosed by Platinain a July 23, 2013 ASX news release titled “New Resource Estimate for Skaergaard Gold and PGM Project, East Greenland”. This historicalestimate is considered relevant as it demonstrates the three-dimensional continuity of the three main reef complexes within the SkaergaardProject that host PGM (palladium and platinum) and gold mineralization. However, the Company cautions readers that this historicalestimate was not completed using 2014 CIM Definition Standards on Mineral Resources and Reserves and is not supported by a technicalreport completed in accordance with National Instrument 43-101 (“NI 43-101”). In addition, under the JORC (2012) Code standards,Measured, Indicated, and Inferred mineral resource tonnages can be aggregated, which is not permitted under CIM.

A Qualified Person has not done sufficient work to classify this historical estimate as current mineral resources and Major Precious Metals isnot treating this historical estimate as current mineral resources. A significant amount of work is required to verify the historical estimate ascurrent resources including: (1) upgrading the geological model with any additional drilling data acquired since the historical estimate wascompleted, (2) completing a full data verification of historical drill hole sampling procedures, analytical results, and metallurgical test results,and (3) potentially additional metallurgical test work to determine processing and recovery characteristics including the recovery oftitanium, ilmenite, vanadium, copper and gallium.

Qualified Person Statement

All scientific and technical information contained in this corporate presentation was reviewed and approved by Paul Ténière, P.Geo.,President & CEO of Major Precious Metals Corp, who is a Qualified Person as defined by NI 43-101. Mr. Ténière has verified the scientificand technical information disclosed in this presentation by reviewing and referencing published scientific papers, historical NI 43-101 andJORC reports, news releases, and government reports related to the Company’s properties that outline their geology and structure,mineralization potential, and deposit style.

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Opportunity

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3Historical JORC Inferred and Indicated Resource of 202 Mt including 5.7 million ounces of gold and 8.7 million ounces of palladium2

Undervalued relative to precious metals peer group

A previously overlooked asset brought into the spotlight under a focused and experienced management team

Growth focused strategy in Greenland, a pro-mining jurisdiction

“Skaergaard Project one of the world’s largest undeveloped palladium and gold deposits1 ”

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1Skaergaard contains a significant historical resource estimate of gold and platinum group metals (PGMs) dominated by palladium, importantly, one of the largest palladium and gold deposits outside of the major PGM producing areas of South Africa and Russia2Refer to “Cautionary Statement on Historical Estimate Disclosure” on Page 3 of this presentation (Platina 2013 JORC historical estimate)

Bringing Skaergaard into the Spotlight

1980 – 2006Previous exploration by various companies. Project acquired by Platina Resources in 2006

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Scoping Study prepared by SRK

Consulting (UK)Five diamond drill holes

completedExploration camp

established

201010 diamond drill holes completed

201111 diamond drill holes completed

2013Wardell Armstrong

(UK) JORCCompliant Mineral Resource estimate

2019Updated Scoping Study by SRK Consulting

2020To be acquired by Major Precious

from Platina Resources and brought into focus as a flagship project

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Strong development potential

• Significant historical exploration with 68 drill holes and 35,000m of diamond drilling completed on project

• Deposit remains open in all directions with planned large land package increase in 2020

• New Mineral Resource Estimate and PEA to examine resource size and economics at current metal prices and updated cut-off grades

• Potential to significantly improve on past scoping study results and explore economics of recovering titanium, vanadium, gallium and other by-products

Major Precious Metals 2020/2021 Goals Include:

• Completing mineral resource estimate and PEA• Confirming potential for vanadium, titanium, and gallium

recovery and metallurgical testing• Minimum 10,000 metre drilling program to demonstrate

potential along strike and at depth and expand resource

A$16 million invested in drilling, metallurgy and studies

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Enterprise value – Undervalued Resources

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CTGold sector – Explorers, developers and producers

Current and historic valuations – Au resources

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Major Precious Metals well positioned with lots of upside potential

100 150 200 250US$ Enterprise Value Oz of Gold EqSource: Share price (October 15, 2020), company’s gold resources

based on latest technical reports, corporate presentations news releases and websites.*** National Bank Financial Markets, S&P Global market intelligence

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69

118

165

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Major Precious Metals

Canaccord Jr. Explorers (M&I+I)

RBC Jr. M&A Multiples 2012-16 (M&I+I)

Bank of America Mid-Tier Producers

BMO Developers (M&I+I)

Industry Average Discovery Cost 2017***

Bank of America Senior Gold Producers

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In-situ Value Case Study - Precious vs. Polymetallic

SkaergaardPrimary Commodities:

Gold, Palladium, Platinum

Secondary:Titanium, Vanadium, Copper

Skaergaard is uniquely precious among polymetallic deposits

Pebble ProjectPrimary Commodities:

Copper & Gold

Secondary:Molybdenum & Silver

Skaergaard’s value comes from its precious metals resource portfolio

Gold0%

Silver1%

Copper93%

Molybdenum6%

In-situ Value (%)

Gold34%

Platinum2%

Palladium64%

In-situ Value (%)

• Robust market fundamentals throughout 2020

• Price peaked at ~US$2,000/oz in July 2020

• General investor interest gaining traction in the gold mining industry

A precious combination of palladium and gold

• One of the best performing metals in 2019 and 2020

• Price peaked at ~US$2,500/oz in January 2020

• Supply dominated by South Africa and Russia

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Palladium

Gold

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Historical Estimate

• Platina 2013 Historical Resource Estimate1 completed within three reefs of the Triple Group horizon:

• H0 – palladium rich mineralization• H3 – gold and palladium mineralization• H5 – gold rich mineralization• Mineralization outcrops at surface and extends to at least

• 1.2km vertical depth, 7km in strike and 3km in width

• Mineralization typically dips at 20 degrees to the south

• Deposit also contains titanium, ilmenite, vanadium, and copper – no resource is defined for these elements, but metallurgy demonstrates potential to recover these metals

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1Refer to “Cautionary Statement on Historical Estimate Disclosure” on Page 3 of this presentation (Platina 2013 JORC historical estimate)

Deposit Upside

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Open mineralisation. Potential lateral – strike extension

Open mineralisation. Potential down-dip extension

• Mineralization remains open in almost all directions along strike and at depth

• Northern extension has seen less development but is primed as a priority target

• Channel sampling and diamond drilling is planned for the Northern Extension in 2021

Skaergaard Exploration Licences

• The project consists of two Exploration Licences renewed in 2020 with no expenditure obligations this year:

o EL2007/01, 107 km2, (hosts the Skaergaard deposit)

o EL2012/25, 16 km2

(located 10km east of EL2007/01 hosts camp)

• The project currently has no royalties or encumbrances

• Major Precious Metals is actively pursuing acquisition of surrounding claims

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Next Steps

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Short term strategy focused on resource growth and improved understanding of geology:

1. Infill drilling to convert additional Inferred Resources to Indicated Mineral Resources – minimum 10,000 m• Drilling only costs estimated at $500/m all-in• Total anticipated cost (drilling and camp

upgrades): approx. C$8,000,000-C$9,000,000• Starting H2-2021 with planning already

underway to fine tune costs and logistics

2. Detailed metallurgical test work to determine:• Processing characteristics• Optimal process route, • Quality and pricing of saleable products

Further strategy focused on preparing a Preliminary Economic Assessment through:

1. Further assessment of engineering, design and technology factors including:• Design and location of the process plant• Tailings disposal system• Optimal mining methods • Refining expected capital and operating

costs• Review of Greenland’s environmental

permitting process

2. Fast tracking to Pre-Feasibility Study Stage

Short Term PEA Stage

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Management

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President and CEOM.Sc., P.Geo.

Mr. Ténière has over 20 years of diverseexperience in the mining and oil & gassectors in Canada, United States, andinternationally taking projects fromexploration stage to mine development.Paul has held senior to executive roles withjunior to major mining companiesdeveloping precious metal, base metal, andmetallurgical coal deposits, and hassignificant capital markets and corporatefinance experience through his past seniorroles with the TSX and TSX VentureExchange. He was Chief Geologist forSherritt International Corp. and anExploration Manager for Vale S.A. and SolidEnergy New Zealand developing large-scalecoal mining projects in Australia and NewZealand. He has also worked on lead-zincdeposits, porphyry-style copper-lead-zincdeposits, and gold-PGM deposits in Canada,United States, and Europe.

Joel DumaresqBoard Chair and CFO

Mr. Dumaresq brings 30years experience in thefinancial sector holdingfinancial and investmentbanking roles with RBCDominion Securities andwas a managing directorof Vancouver basedprivate equity andmerchant banking firmMatric Partners Inc. for12 years. Joel bringssignificant M&Aexperience and hasmanaged a range ofprivate & publicenterprises worldwideincluding the resourcesector.

Gustavo DelendattiChief GeologistPhD, MAIG (CP)

Dr. Delendatti is a senior geologist withover 24 years of experience in theevaluation, exploration and developmentof mineral deposits in a range ofmineralisation styles includingepithermal, porphyry, volcanogenicmassive sulphide, lithium pegmatitedeposits in South America, NorthAmerica and Australia. Most recently, hewas Exploration Manager at the AuthierLithium Project in Quebec for ASX-listedSayona Mining Limited. He played a keyrole in the completion of the Authierproject's Pre- and Definitive FeasibilityStudies and led more than 15,000metres of drilling that more than tripledthe size of the lithium resource sinceacquisition.

Jim SparlingProject ManagerMBA, P.Geo.

Mr. Sparling is a professionalgeologist (P.Geo.) with a B.Sc.Advanced Geology degree(1984) from the University ofSaskatchewan and an MBA(2003) from the Royal RoadsUniversity School of Business.He has over 30 years ofexperience in explorationmanagement and surface andunderground miningoperations, including broad-based experience in basemetals, gold and nickelexploration. Mr. Sparlingworked as a Geophysical CrewChief, Project Geologist, andSenior Exploration Geologistwith HudBay Minerals Inc.(“Hudbay”) from 1994 to 2003and from 2009 to 2011. 16

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Highlights

Undervalued Major Precious Metals Corp. trades cheaper vs. peers

Mining-Friendly Jurisdiction Located in Greenland, a mining-friendly jurisdiction

Large Resource Potential Deposit remains open in all directions - drill planning underway

Strategic Palladium Deposit One of the largest palladium (PGM) deposits outside of South Africa and Russia

Mining Studies Upcoming mining studies have potential to improve economics

majorprecious.com

CONTACT

604-687-2038

789 West Pender St., Suite 810Vancouver, BC V6C 1H2Canada

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Appendix

Skaergaard Historical Estimate

Notes:

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Resource Classification

Tonnes (kt) Au(g/t)

Pd(g/t)

Pt(g/t)

AuEq(g/t)

Au(Moz)

Pd(Moz)

Pt(Moz)

Indicated 5,080 1.25 0.88 0.06 1.66 0.2 0.14 0.01

Inferred 197,140 0.87 1.35 0.11 1.51 5.49 8.53 0.68

TOTAL 202,220 0.88 1.33 0.11 1.52 5.69 8.67 0.69

Wardell Armstrong International (WAI) July 2013 JORC Mineral Resource (1g/t AuEq cut-off with $1,400 / oz Au and $560 / oz Pa)

• The metal equivalent calculation assumes 100% metallurgical recovery;• Cut-off grade = 1g/t AuEq;• Minimum thickness = 1m; parts below 1m thickness have been diluted to 1m.

10% reduction globally applied, to reflect dyke intersections;• Resource split is approximately 44:26:30% between reefs H0:H3:H5.• See ASX release, 23 July 2013, “New Resource Estimate for Skaergaard Gold

and PGM Project, East Greenland” available at platinaresources.com.au

• Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability;

• The contained Au represents estimated contained metal in the ground and has not been adjusted for metallurgical recovery;

• AuEq = Au + Pt + (Pdx0.4); where the gold price is US$1,400/oz and the platinum price is US$1,400/oz and the palladium price is US$560/oz;

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• Refer to “Cautionary Statement on Historical Estimate Disclosure” on Page 3 of this presentation

• Pricing adjustments to reflect precious metals market strength to be included in new resource estimate

Geology & Mineralization

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• Skaergaard intrusion is an example of a layered mafic igneous complex with stratiform PGM with gold and iron titanium oxide mineralisation

• Intrusion exposed over an area of 70km2 with dimensions of 7.5km east-west and 11km north-south and has a tabular, sill like, box shaped geometry

• Estimated depth extent is 4km and Platina has drilled the structure at 1.2km

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Geology & Mineralization

• In between the three reef structures, there are two middling zones (H2 and H4) which are thick but low grade in gold and palladium but contain iron, titanium and vanadium

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cooled, crystallized and fractionated to form a layered, southward dipping intrusion, which is subdivided into a number of different layers including the Triple Group horizon where the main deposit is located

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Mineralogy & Metallurgy

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Skaergaardmineralogy is unique

~90% of PGM and Au-bearing minerals are associated with base metal sulphides

Mineralization is mostly in the form of alloys, only ~0.05% sulphur present

Metallurgical test work has demonstrated the amenability of the gold and platinum group metalmineralization to processing by means of both gravity and froth flotation processes

Preliminary results are also encouraging in terms of titano-magnetite recovery, demonstrating that those minerals are upgradeable by a combination of magnetic separation and flotation -vanadium can be recovered in the titano-magnetite concentrate

Leaching of the concentrates has demonstrated the potential to produce gold doré on site

UniqueSulphideGeology

Low SulfurDemonstrated Extractability

Gold DoréPossible

Vanadium Upside

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Greenland is a land of opportunity

- A competitive licencing framework- A stable political environment- Low-investment risk- Pro-mining population and government

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historical operations including lead, zinc, gold, and various industrial minerals

An underexplored and mineral rich country benefiting from:

MAP

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Rare precious / industrial metal with unique catalytic and physical properties

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Palladium demand driven by environmental benefits

Dominant material for gasoline (petrol) engine auto-catalyst emission controls including hybrids

Stricter global emission standards driving strong demand growth

Limited substitution options and low global inventories

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