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September 2017 PRECIOUS MINERALS EXPLORER & DEVELOPER
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Page 1: PRECIOUS MINERALS EXPLORER & DEVELOPER samples processed, 117 contained ‘picked’ kimberlite indicator minerals (KIM’s) 7,386 KIM’s, chemistry/microprobe analysis in progress

September 2017

PRECIOUS MINERALS EXPLORER & DEVELOPER

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Forward Looking Statements

Certain statements and/or graphics in the Company’s press releases, web site information and corporate displays, among others, constitute

“forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no

assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe

the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or

result to occur. Forward-looking statements may be identified by terms such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,

“would”, “will”, or “plan”, or their conditional or future forms. Since forward-looking statements are based on assumptions and address future

events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s

mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such

statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and

prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and

operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this presentation. This list is

not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered

carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to

update any forward looking statement that may be made from time to time by the Company or on its behalf, except if required to do so by

applicable securities laws. You are cautioned not to place any undue reliance on any forward-looking statement.

Forward-looking statements or information related to Exploration.

Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific

geological, geochemical and geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may

not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surface

showings may be marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”. Such

wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or

thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of

identifying economical reserves are extremely small.

The presentation contains historical exploration data that have not been verified by Crystal Exploration Inc. and may not be accurate or

complete, and therefore the information should not be relied upon.

The technical content of this presentation have been reviewed and approved by Dean Besserer, P.Geol., the Technical Advisor of the Company

and a Qualified Person as defined by National Instrument 43-101.

DISCLAIMER

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INTRODUCTION

Crystal Exploration Inc.

• 100% owned projects with no earn-in requirements

• TSXV: ‘CEI’, 37 million shares outstanding, no debt

• Gold (high-grade) and diamonds (gemstone quality) located in the

same land package

• Advanced projects surrounding an existing gold mine and diamond

mine

• Projects located in a proven jurisdiction - Nunavut, Canada

• Experienced management with a track record of success in the

exploration, discovery, development and financing of mining assets

Gold Project

• 100% owned Contwoyto Gold Project, no earn-in

• Historical high-grade gold intersections:

63g/t gold over 4.86 meters (Cominco, DDH87-13)

35.19g/t gold over 3.6 meters (Echo Bay, DDHS3-84)

• Established gold zones, explored 30 years ago using a 5g/t gold

cutoff

• Drill ready gold targets

• Located adjacent to the Lupin Gold Mine

Diamond Projects

• 100% owned diamond projects on over 1,200km2, no earn-in

• 2.7 carat & 1.6 carat gemstones recovered

• New drill ready diamond discovery targets

• Located adjacent to the Jericho Diamond Mine

Lupin Gold Mine

Sabina Gold Project

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Shares O/S:

Options O/S ($0.12 Avg):

Warrants O/S ($0.17 Avg):

Treasury (July, 2017):

Market Capitalization (July, 2017)

Management & Affiliates:

30%

Management

10%

Affiliates

60%

Private/Retail

CAPITAL STRUCTURE

37,252,472

2,450,000

7,844,500

$600,000

$4,500,000

~40%

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TEAM VALUE: MINERAL EXPLORATION EXPERTS

Crystal Management Team

Jim Greig, MBA, BA Geog, President & CEO, Director

20 years mining experience

Project Management

Exploration, development to production expertise

Formerly: Asanko Gold, Auryn Resources (director), Breakwater Resources, Stantec Mining, HDI Group

John Eren, HBA Economics, Director of Corporate Development

15 years capital markets & resource sector professional

Formerly: Eurasian Business Development at Auryn Resources, VP of IR at Asanko Gold, Manager IR Cayden Resources

Toby Pierce, MBA , Geol, Director

20 years resource sector experience

Finance & Operational Professional

CEO at Tag Oil Ltd.

12 years Investment Banking

Sean Mager, B. Com, Director

Nunavut mining success

20 years mining experience

Finance, governance & strategy

Formerly: North Country Gold, Brilliant Resources

Shawn Burns, MBA, ‘Green’ CPA

Environmental, Social & Governance (ESG) Advisor

International permitting experience

Specialist in resource company sustainability

Cooperative First Nations Business Agreements

Denise Lockett

Stakeholder Relations Manager

25 years experience in government, regulatory

& community relations

Specialist in corporate responsibility

Crystal Community & Environment Team

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TEAM VALUE: DIAMOND AND MINERAL EXPLORATION EXPERTS

Apex Geoscience Partnership - exploration professionals with Crystal equity ownership

Crystal Technical Team

Dean Besserer, P. Geol, Technical Advisor

20 years mining experience

Managed major exploration campaigns

Former engagements: Apex Geoscience Partner, Stornoway Diamonds, North Country Gold, Indicator Minerals

Roy Eccles, M.Sc & P.Geol, Geological Consultant

26 years mining experience

Expert managing major exploration & development projects

Anetta Banas, M.Sc & P.Geol, Geological Consultant

16 years experience

Data interpretation & analysis

Evaluation of kimberlite pipes & diamonds

Michael Dufresne, M.Sc,& P.Geol, Director

25 years mining experience

Expert managing major exploration & development projects

Apex Geoscience, Principal / Sr Partner

Kris Raffle, P.Geol, Geological Consultant

16 years mining experience

Expert managing exploration programs and authoring technical reports

Evaluation of over 40 kimberlite bodies across North America

Consulting Geologists

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EXPERIENCED TEAM

✓ Global exploration, development & production experience

✓ Broad range of commodities & deposit types

✓ In-house technical team supported by solid project management

✓ Success through the discovery, development and production cycle

Global jurisdictions with operational experience

Selected work

engagements include:

• DeBeers

• BHP Billiton

• Stornoway Diamonds

• Asanko Gold

• Vale

• Xtrata

• HudBay Minerals

• Shear Minerals

• Auryn Resources

• Breakwater Resources

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DIAMOND & GOLD CORRELATION

Gold & diamond growth potential

Strongly linked commodities

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GOLD & DIAMOND INFRASTRUCTURE IN PLACE

Contwoyto Gold & Diamond Property• Multiple gold occurrences • Gold resource potential• Synergies with Lupin Gold Mine• 2 x diamond targets

Hood Property• Diamond target• Kimberlite dyke

Muskox Property• Diamond bearing kimberlite pipe• 3 x diamond targets• 14km to Jericho Mine

Nunavut, Canada• Proven jurisdiction• Settled land claims with

Inuit people• Successful operating gold

mines• Agnico Eagle Mines

committing $1.2 billion to development

• TMAC Resources, gold production start in 2017

• Large mineral development projects

Grays Port & Road• Proposed all season

road• Logistical

improvements to lower access and costs

• Road connects through ALL Crystal projects

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CONTWOYTO GOLD PROJECT

High-Grade Gold Project

Located near the Lupin Gold Mine, past producer of

>3.3 million gold oz at 9 g/t gold average grade

Historical work from 1980’s & 1990’s during a period of

higher hurdle rates

At surface mineralization on four gold occurrences

Open at depth, strike and width with new zone potential

Historical work applied at a 5 g/t gold cut-off grade

Potential for new BIF hosted gold discoveries

Opportunities through new exploration techniques

Significant historical drill intersections include:

DDH 87-13, 4.86m at 63.09g/t gold (Cominco Ltd.)

DDH 93-01, 4.55m at 20.11g/t gold (Echo Bay Mines)

DDH 94-11, 5.55m at 12.70g/t gold (Echo Bay Mines)

DDH 95-05, 7.70m at 11.78g/t gold (Echo Bay Mines)

Historical work at shallow depths near surface

Potential for significant gold ounces

Validation & step-out drilling during Q3/Q4, 2017

Note: Historical results at Contwoyto Gold were reported by Echo Bay Mines and

available at www.sedar.com. The technical content of this presentation have been

reviewed and approved by Dean Besserer, P.Geol., the Technical Advisor of the

Company and a Qualified Person as defined by National Instrument 43-101.

Elevated KIMs

Lupin Gold MineSabina Gold Project

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Mine

Showings

Winter Road

Crystal Lease

Crystal Claim

Lupin Mines Inc.

11

CONTWOYTO GOLD PROJECT

Elevated KIMs

Fin 1 – Mining ClaimHistorical Intersections

F94-01: 5.26m @ 5.25g/t goldF93-12: 3.05m @ 11.58g/t goldF5-84: 20.36 @ 2.21g/t gold

Dune – Mining LeaseHistorical Intersections

DH87-13: 4.86m @ 63.09 g/t goldDH94-11: 5.55m @ 12.79 g/t gold

Fin 4 – Mining ClaimHistorical Intersections

DDH-S3-84: 3.6m @ 35.19g/t gold

Pan – Mining LeaseHistorical Intersections:

DH-P2-83: 3.5m @ 7.36 g/t gold

Lupin Gold Mine• All infrastructure in place• Mandalay Resources owned• Past producer of 3.3M gold ounces at 9g/t gold

Exploration Program• Ground geophysics to

identify gold zones• Validation drilling• New zone drilling• Potential to rapidly develop

a maiden resource estimate• Infrastructure in place,

potential gold resources for the Lupin Gold Mine

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MUSKOX DIAMOND PROJECT - RESULTS & WORK TO DATE

Muskox Kimberlite

Dimensions of 200m x 215m, ~4 hectares near surface

Historically drilled 88 holes totalling more than 13,636m

of kimberlite

Largest diamonds include 2.73ct, 2.67ct and 1.61ct

gemstones

2016 sample at 1.14 carats per tonne

Large tonnage opportunity, extends below 300m depth

2017 recovered 0.49ct and 0.40ct gemstones

Geological review, analysis, exploration required

Crystal Diamond Projects

Drill ready diamond targets

Future diamond ore feed to the Jericho Diamond Mine

Opportunities for Joint Ventures

Note: Historical results at Muskox were reported by Tahera Diamonds

Corporation and available at www.sedar.com. The technical content of this

presentation have been reviewed and approved by Dean Besserer, P.Geol., the

Technical Advisor of the Company and a Qualified Person as defined by

National Instrument 43-101.

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NEW DISCOVERY DIAMOND TARGETS

Kimberlite Targets

6 large geophysical anomalies, additional targets to be generated

Elevated Kimberlite Indicator Minerals (KIM)

Diamond indicator pick results

>$50 million spent on historical work

Database generated from De Beers, Kennecott, Ashton Mining, Tahera Diamonds, Lytton Minerals, Canamera

Previous work provides guidance to New Discoveries

146 samples processed, 117 contained ‘picked’ kimberlite indicator minerals (KIM’s)

7,386 KIM’s, chemistry/microprobe analysis in progress

125m

100m

2016 Ground Grid

Total Magnetic Intensity

2005 Resolve Resistivity Anomaly

Geophysical Mag High

Elevated KIMs

Diamond Indicator Pick Results

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CRYSTAL TEAM VALUE PROPOSITION

Crystal Value Proposition

• 100% ownership with no earn-in capital required

• Gold & diamond bearing ground

• Drilling permits granted

• Proven and seasoned resource sector professionals

• Projects with discoveries and new targets

• Joint venture opportunities

• Focused expertise on familiar ground in a proven jurisdiction

• Track record of advancing exploration projects through to production scenarios

• Anti-dilutive share structure with no debt

Exploration Programs

• Q3/Q4, 2017 gold validation & step-out drilling, geophysics

• Q4, 2017 diamond chemistry results

• Q2/Q3, 2018 gold drilling, establish maiden resource estimate

• Q2/Q3, 2018 new diamond discovery target drilling

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MINING SECTOR – CAPITAL INVESTMENT GROWTH

Source: http://cambridgehouse.com

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NEW DISCOVERY TARGETS

Kimberlite Targets

Drill permits granted

High priority, drill ready ‘bullseye’ targets

Geophysical anomalies

Anomalous KIMs

Diamond indicator mineral pick results

Size range from 125m to 225m

Large new diamond discovery potential

Additional targets to be added during 2018

No major economic diamond discoveries in

~15 years, lack of exploration

Geophysical signatures analogous to other

diamond bearing kimberlite pipes:

Contwoyto 1

Muskox

Jericho & Jericho South

Rush kimberlites

Unicorn

Voyageur

Peregrine kimberlites

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DIAMOND FUNDAMENTALS – DEMAND VERSUS SUPPLY

Strong Fundamentals

Prices increasing since 2004

Growth in diamond demand will require

new mines

Rough diamond demand growth is at 4-

5% annualized rate

Demand - supply gap widens

significantly in 2019

Rough diamond demand fuelled by US,

China & India

No major new mines within the last 20

years EXCEPT Canada

Diamond Opportunity

Growing demand

Diamond supply shortfall

Project pipeline deficienciesSource: Bain Consulting 2016

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