Battery and Precious Metals in a Premier US Mining District - TSX.V: PGE | OTC: PGEZF - Group Ten Metals

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Battery and Precious Metals in a Premier US Mining District - TSX.V: PGE | OTC: PGEZF - Group Ten Metals
TSX.V: PGE | OTC: PGEZF                                    March 4, 2021

    Battery and Precious Metals in a Premier US Mining District

Platreef-Style PGE-Ni-Cu-Co + Au
High-Grade Au
                                                                      TSX: PGE.V
Stillwater District, USA           1                               OTCQB: PGEZF
                                                                       FSE: 5D32
Battery and Precious Metals in a Premier US Mining District - TSX.V: PGE | OTC: PGEZF - Group Ten Metals
TSX-V:              PGE            OTCQB:                 PGEZF               FSE:           5D32
Forward-Looking Statements
Forward-Looking Information
This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Group Ten Metals Inc. (the “Company” or “Group Ten Metals”) with respect to its business and future events including statements
regarding its exploration plans and the Company’s expectations respecting future exploration results, the markets for the minerals underlying the Company’ projects, and growth strategies. Forward-looking statements are based on the then-
current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which the Company operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the
inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the uncertainties respecting historical resource estimates, the potential for delays in
exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, accidents, equipment
breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of
financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. These risks, as well as others, including those set forth in the Company’s filings with Canadian securities regulators, could cause actual results
and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to
develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable
securities law.
Technical Information
The scientific and technical information in this presentation has been reviewed by the following non-independent qualified persons (as defined in NI 43-101): (a) in respect of the Stillwater West Project, Mike Ostensen, P. Geo., who is a Project
Geologist of the Company; and (b) all other projects of Group Ten Metals, Debbie James, P. Geo, who is an independent consultant to the Company.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. With respect to “indicated mineral resource” and “inferred mineral resource”, there is a great amount of uncertainty as to their existence and a great
uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of a “measured mineral resource”, “indicated mineral resource” or “inferred mineral resource” will ever be upgraded to a higher category.
Cautionary Note to US Investors Regarding Resource Estimates
The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource”, “inferred mineral resource” used herein are Canadian mining terms used in accordance with NI 43-101 under the guidelines set out in the Canadian Institute
of Mining and Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time. These definitions differ from the definitions in the United States
Securities & Exchange Commission (“SEC”) Industry Guide 7. In the United States, a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve
determination is made. While the terms “mineral resource”, “measured mineral resource,” “indicated mineral resource”, and “inferred mineral resource” are recognized and required by Canadian regulations, they are not defined terms under
standards in the United States and normally are not permitted to be used in reports and registration statements filed with the SEC. As such, information contained herein concerning descriptions of mineralization and resources under Canadian
standards may not be comparable to similar information made public by U.S. companies in SEC filings. Accordingly, information herein containing descriptions of our mineral deposits may not be comparable to similar information made public by US
companies subject to the reporting and disclosure requirements under US federal securities laws and the rules and regulations thereunder.
Third-Party Information
Where this presentation quotes any information or statistics from any external source, it should not be interpreted that the Company has adopted or endorsed such information or statistics as being accurate. Some of the information presented
herein, including scientific and technical information on third-party projects, is based on or derived from statements by third parties, has not been independently verified by or on behalf of the Company and the Company makes no representation or
warranty, express or implied, respecting the accuracy or completeness of such information or any other information or opinions contained herein, for any purpose whatsoever. References to third-party projects herein are for illustrative purposes
only and are not necessarily indicative of the exploration potential, extent or nature of mineralization, or potential future results of the Company’s projects.

                                                                                                                                                                                                                                                       TSX: PGE.V
                                                                                                                             2                                                                                                                      OTCQB: PGEZF
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Battery and Precious Metals in a Premier US Mining District - TSX.V: PGE | OTC: PGEZF - Group Ten Metals
TSX-V:      PGE     OTCQB:           PGEZF    FSE:     5D32

              THE METALLIC GROUP OF COMPANIES
               A Collaboration of Leading, Independent Exploration Companies

The Metallic Group Strategy and Approach to Business

  Highly                    Identify and               Make acquisitions         Focus on under-           Apply our                  Create long-term
  experienced               acquire district-          during the lows in        explored                  systematic                 value for
  leadership                scale, brownfields         metal price cycle         brownfields areas         exploration                shareholders
  A track record of major   properties                 Aggregation of high-      Existing infrastructure   approach                   Resource development
  discoveries and project   Consolidating districts    potential holdings        allows for rapid          Exploration utilizing      followed by expansion
  advancement along         adjacent to some of        during bear market        development timelines     new technologies and       and advancement
  with significant share    the industry’s highest-    creates fundamental,      and reduced capital       exploration models         towards production
  ownership in the          grade mines, where         counter-cycle strategic   requirements              focused on large-scale
  companies                 potential exists to host   value for shareholders    compared to remote        discoveries
                            world-class deposits                                 greenfields deposits

                                                                                                                                                    TSX: PGE.V
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Battery and Precious Metals in a Premier US Mining District - TSX.V: PGE | OTC: PGEZF - Group Ten Metals
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Project Portfolio and                                                               Kluane PGE-Ni-Cu Project
Strategy                                                                            • Adjoins Nickel Creek Platinum

 • district-scale assets
 • adjacent to world-class mines/deposits                                                                                         Black Lake-Drayton Project
                                                                                                                                  • Adjoins Treasury Metals
 • 100% ownership on all projects
 • substantial databases, new geologic
                                                                                                             Yukon

   models, world-class teams

      ➢ Potential for world-class discoveries                                                                                CANADA

      ➢ Focus on advancing Stillwater West                                                                                                  Ontario

                                                                                                                        Montana

                           Stillwater West Project
                                                                                                                                  USA
                           • Large position in the highest-grade major PGE district in the world
                           • Adjacent to Sibanye-Stillwater’s three palladium-platinum mines
                           • Drill-defined “Platreef-style” mineralized zones advancing to
                             inferred resources
                           • Objective of becoming a primary US-based source of battery
                             metals, PGEs, and gold

                                                                                                                                                                    TSX: PGE.V
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Battery and Precious Metals in a Premier US Mining District - TSX.V: PGE | OTC: PGEZF - Group Ten Metals
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Management Team                                                 Greg Johnson Executive Chairman
Veteran Management with Proven                                  •   30 years experience in exploration, development and financing of large-scale mining projects
                                                                •   Broad capital markets experience, raising over $650 million in project financing
Track Record in Exploration and                                 •
                                                                •
                                                                    Co-founder of NovaGold, former President & CEO of Wellgreen Platinum and South American Silver
                                                                    Exploration Manager Placer Dome (now Barrick Gold)
                                                                •
Mine Development                                                    Co-credited with discovery or expansion and advancement of major precious and base metal deposits

                                                                Michael Rowley President & CEO, Director
                                                                •   25+ years executive experience in the exploration, mineral processing, and mine environmental industries
                                                                •   Expertise in capital markets, acquisitions, project development, management and exploration operations
                                                                •   Co-founder of Group Ten, active in other listed exploration companies including Granite Creek Copper
   Strong Corporate & Technical
                                                                Gregor Hamilton Director
   Management                                                   •   24 years of experience in the mining sector as a geologist, investment banker and entrepreneur
                                                                •   Capital markets expertise and global experience in M&A and structured finance
   Group Ten has attracted a highly qualified team with         •   Since 2010, involved in the acquisition and development of mineral properties within both public
   global experience in:                                            and private resource companies in the Americas
   Financing & Markets
   • Over $650M raised                                          Rebecca Moriarty Chief Financial Officer
   • Global banking, evaluation and M&A expertise               •   Chartered Professional Account with over 20 years experience in mining industry
                                                                •   Formerly Manager with PriceWaterhouse Coopers, focused on mineral resource sector
   Management
   • Combined 100+ years of corporate and exploration           Alicia Milne Corporate Secretary
     management, with juniors and majors
                                                                •   20+ years of corporate secretarial & securities compliance experience with NYSE, TSX & TSX Venture listed
   Exploration and Development                                      companies, including Pretium Resources
                                                                •   Member of the Governance Professionals of Canada
   • Extensive, first-hand experience in the Stillwater and
      Bushveld districts, including the Platreef, among other
      top-tier districts and producers                          Brian Cloney Advisor, Finance
                                                                •   Over 35 years experience in public accounting and financial consulting experience with a particular focus
                                                                    on the mining sector
                                                                •   Past CFO of a number of publicly-traded resource companies, and former Director of Group Ten Metals

                                                                                                                                                                             TSX: PGE.V
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Technical Team
World-Class Team with Experience at Stillwater, Bushveld, Platreef
  Craig Bow, Ph.D. Senior Geological Advisor                                                 Harry Burgess, P.Eng. Advisor, Mining & Mine Engineering
  • 40+ years experience in global exploration, mine geology, & project                      • 40+ years of mine engineering and management experience including senior positions
    management, including exploration of the J-M Reef & advancement of the                     with Anglo-American and others in Zambia and South Africa
    initial Stillwater Pd-Pt mine to production                                              • Co-founder of Micon International Limited
  • Recognized expert on global PGE-Ni-Cu systems, part of the team responsible for
    multi-million-ounce Arctic Platinum partnership (Gold Fields/Outokumpu),                 Garth Kirkham, P.Geo. P.Geoph. Advisor, Geology & Mining
    former Exploration Mgr for Gold Fields, Sr. Technical positions for Cyprus Amax,
    Newcrest & AngloGold Ashanti                                                             • 34+ years experience in the mineral exploration industry as a board member, leader, and
                                                                                               geoscientist
  Michael Johnson, P.Geo. Exploration Mgr, Stillwater West                                   • Founder of Kirkham Geosystems Ltd and was a founding director of Group Ten Metals
  • 40+ years of professional geological and executive experience, including 18 years        • Numerous professional designations and awards
    in senior management positions with global public mining companies, including
    work in the Stillwater district as President and CEO of Beartooth Platinum Corp.
                                                                                             Doug Warkentin, P.Eng. Advisor, Processing & Metallurgy
  Mike Ostenson, P.Geo. Project Geologist                                                    • 30+ years of experience in the mining and mineral processing industries
  • 20 years experience in the Stillwater district including former VP Exploration for       • Currently Senior Metallurgist at Kemetco Research Inc.
    Premium Exploration and Senior Technical roles for Beartooth Platinum,                   • Co-founder of Group Ten Metals and former Director
    Stillwater Mining Co. and AngloGold
  Justin Modroo, P.Geo. Project Geophysicist                                                 Bill Harris Technical Advisor
  • 20 years industry experience, including work in the Stillwater Complex with              • Founder, former Executive of Triumph Gold, and President and CEO of Midnight Mining
    Premium Exploration and Beartooth Platinum                                               • Highly experienced prospector, mining entrepreneur

                      “The recognition of a Platreef setting in the Stillwater district is an exciting development”
                      Dr. David Broughton, former Chief Geologist for Ivanhoe Mines and co-recipient of AME BC’s 2016 Colin Spence Award
                      for Excellence in Global Mineral Exploration for Ivanhoes’ Flatreef discovery, September 2018

                                                                                                                                                                             TSX: PGE.V
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Battery and Precious Metals in a Premier US Mining District - TSX.V: PGE | OTC: PGEZF - Group Ten Metals
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High-Demand Commodities
Platinum Group Elements (PGEs)
                                                         •   Primary palladium and rhodium use in catalysts (auto and industrial), driven by tightening emissions standards
                                                         •   Growing platinum demand from hydrogen fuel cells, investment demand, and catalytic convertors
                                                         •   Listed as ‘critical minerals’ by the US Interior Department, with the objective of advancing domestic supplies
                                                         •   Majority of supply from high-risk countries (South Africa, Russia)
                                                         •   Palladium and rhodium currently at sustained, elevated prices on multi-year supply deficits, platinum price projected to follow
                                                         → Demonstrated palladium, platinum and rhodium at Stillwater West

Battery Metals
                                                         •   Surging demand for nickel sulphide (‘battery-grade’) from energy storage uses, especially electric vehicles
                                                         •   Nickel and cobalt both listed as ‘critical’ in the American Mineral Security Act, with the intent of advancing US supplies
                                                         •   Majority of cobalt supply is high-risk (Congo)
                                                         •   Diminishing copper resources/grades (‘peak copper’)
                                                         •   Positive price projections based on infrastructure and energy storage demands
                                                         → Now modeling drill-defined battery-grade nickel sulphide, with copper, cobalt, PGEs, gold, at Stillwater West
 primary value
    drivers at
Stillwater West                                                                          • Objective to become a primary US-based source of battery and precious metals
                                                                                           to meet surging demand from green energy and transportation needs
                  • Historic store of value, also jewelry, industrial
Gold              • Hedge against political uncertainty, currency risks                  • Projected basket value about 33% Ni, 33% Pd, and 33% Pt/Rh/Au/Cu/Co across
                  • Diminishing resources/grades (‘peak gold’), need for                   three most advanced (drill-defined) mineralized zones
                    new resources/mines                                                  • Five target commodities identified as ‘critical’ by the US Government, with the
                  → Drill-defined high-grade gold at the Pine target at                    objective of securing domestic supplies
                    Stillwater West, also as potential co-product, and                   • Located in a famously productive and metal-rich US mining district, which hosts
                    in Ontario at Black Lake – Drayton project                             three world-class mines and a smelter-refinery complex

                                                                                                                                                                                       TSX: PGE.V
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        Stillwater West PGE-Ni-Cu Project                                                                                                                                                                                                      Montana, USA
        District – Mines, Infrastructure and Land Status
                                                                                                                                                  Stillwater District
                                                                                                                               • Stillwater Igneous Complex is:
                                                                                                                                  • A layered magmatic system, similar to South
       100%                  Stillwater West                                                                                          Africa’s Bushveld Complex
                         • Acquired 2017-2019                                                                                     • 40km x 8km on surface, open at depth                                                                   Smelter & Refinery Complex
      owned              • Reef and Platreef-style targets, also high-grade gold                                                  • Highly prospective for Ni, Cu, Pd, Pt, Au, Cr, Rh                                                      Columbus, MT (60 km)
    Large 54 km2
                         • Five target areas feature thick intervals of drill-defined
     claim block           Platreef-style PGE-Ni-Cu-Co + Au mineralization

                                                                                                                                   J-M Reef Deposit (Sibanye-Stillwater)
                                                                                                                                   Reserves1: 25.6 Moz Pd+Pt at 17.2 g/t P&P
                                                                                                                                   Resources1: 31.3 Moz Pd+Pt at 17.0 g/t M&I and                                                                   Blitz Extension (2017)
                                                                                                                                               49.4 Moz Pd+Pt at 16.6 g/t Inf.
                                                                                                                                   Past Production2: over 14 Moz at +16 g/t Pd+Pt
                                                                                                                                                                                                                          Stillwater Mine (1986)
MAGMATIC                                                                                                                                                                                                                                                     7 KM
LAYERS          REEFS
(8KM)
                                                                                                                                                                                                                                                     Stillwater East
                                                                                                                                                                                                                                          • Announced January 2021
                                                                                             East Boulder Mine (2002)
                                                                                                                                                                                                                                          • 7 km2 claim block, 100% owned
  PLATREEF                                                                                                                                                                                                                                • Reef and Platreef-style targets
  SETTING

                                                                                                        STILLWATER WEST (25 KM)
             SIMPLIFIED CROSS-SECTION OF THE
              STILLWATER IGNEOUS COMPLEX              1: References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent or nature of mineralization or potential future results of the Company’s
                                                      projects. 2: Based on publicly disclosed production statistics of Sibanye-Stillwater including most recent CPR.

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Stillwater and Bushveld Comparison
Comparative                              Mineralization Type                                            West & East Limbs                                  Stillwater North Limb Bushveld
Stratigraphy                             High-Grade Reef Deposits
                                                                                                        Bushveld Complex                                   Complex         Complex
                                         • Merensky Reef (Sibanye, Anglo and others)
and Main PGE                             • J-M Reef (Sibanye)                                                                                                                                                                   6 km
                                         • Picket Pin Reef (Group Ten)
Occurrences in
                                         PGE-Enriched Chromitites
the Stillwater                           • UG-2 (Sibanye, Anglo and others)
                                                                                                                                                                                                                                5
                                         • A-B Chromitite (Group Ten)                                                                                         Picket Pin
and Bushveld                             Disseminated PGE-Ni-Cu
                                                                                                                                                              Reef
                                                                                                                                                                                         BANDED                                 4
Complexes                                Bulk Tonnage Sulphide-Type Deposits                                                                                                             SERIES

                                         • Platreef (Anglo, Ivanhoe)
Similarities                             • Sheba’s Ridge (Anglo)
                                         • HGR (Group Ten)                                                                                                                                                                      3
The Bushveld and Stillwater
Igneous Complexes are similar            • Camp Zone (Group Ten)                                                      Merensky Reef
                                                                                                                                                                 J-M Reef
layered magmatic intrusions              • Hybrid Unit (Group Ten)                                                     UG-2 Reef
                                                                                                                                                            Sibanye-Stillwater
                                                                                                                                                                                                                                2
Opportunity                                 Lithology
Stillwater’s J-M Reef was                          Gabbro, Anorthosite                                                      Platiniferous
                                                                                                                            Dunite Pipes                Discovery
discovered in the 1970s based on                   Gabbronorite, Anorthosite, Troctolite (poC)
                                                                                                                            - Mooihoek                (Hybrid Unit)
parallels with reef deposits at                    Pyroxenite (bC)
                                                                                                                            - Driekop                      A-B Chromitite                BASAL &                                1
                                                   Peridotite                                                                                                                            LOWER         Platreef
Bushveld, yet exploration at                                                                                                                       HGR
                                                   Norite (pbC), Pyroxenite (bC)                                                                                                         SERIES
Stillwater lagged during discovery                 Basement Metasediment
and development of the massive,
polymetallic Platreef mines in the
                                                   Basement Granite                                                                                                                                                             0
                                                                                                                      Sheba’s Ridge                           Camp
lower stratigraphy in the 1990s.                                                                                      Anglo American
                                                                                                                                                                                              Platreef Mine    Mogalakwena
                                                                                                                                                                                              Ivanhoe          Anglo American

                              References to third-party owned / operated projects are for illustrative purposes only and are not necessarily indicative of the exploration potential,
                              extent or nature of mineralization or potential future results of the Company’s projects. The Company does not have access to such project or underlying
                              information and has not independently verified any of the scientific, technical or exploration information related to such third-party project.                                                       TSX: PGE.V
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  Stillwater Complex                                                                                         LAYERED MAGMATIC COMPLEX (8KM THICK X 40KM LONG)

  Target                             km                            GROUP TEN METALS               SIBANYE-STILLWATER                      GROUP TEN METALS
                                    0
  Schematic                                 South                      HGR
                                                                          Discovery
                                                                           (Hybrid
  Section &                                         Camp                    Unit)                                                                                                                        North
                                                                                                             Current Mining
  Geologic                           1
                                            DRILL-DEFINED
                                                                                                              Operations
                                                                                                                (up to 2.2 km
                                                                                                                  depth)                        Picket Pin Reef
                                            MINERALIZATION
  Models                                                                                                                   LOWER
                                                                                                                                                 (Group Ten)

                                          Simplified                                                                        BANDED
                                     2                                                                                       SERIES
                                          Cross-Section of the                                                                                               MIDDLE                     UPPER
                                          Stillwater Igneous Complex                                                            J-M Reef Deposit              BANDED                     BANDED
                                                                                                                                (Sibanye-Stillwater)           SERIES                      SERIES

                                    3
                                              INTRUSIVE DUNITE TARGET                  BASAL AND LOWER STRATIGRAPHY                                               UPPER STRATIGRAPHY
Opportunity
• Stillwater’s J-M Reef was discovered in
  the 1970s based on parallels with similar            Platreef-Style Deposits                                                                         Reef-Type Deposits
  deposits at the Bushveld Complex                         •   Lower in the layered stratigraphy                                                       •   Higher in the layered stratigraphy
• Bushveld continued to move ahead with                    •   Wide mineralized widths, 10 to 200 meters thick                                         •   Typically narrow, 0.5 to 2 meters thick
  the discovery and development of                         •   Ni-Cu sulphide mineralization, enriched in PGEs, Au, Co, others                         •   High to very high-grade at 3 to 17 g/t PGE, in Ni-Cu sulphides
  massive, polymetallic Platreef mines in                  •   Typically low-cost bulk tonnage mining methods                                          •   Typically higher cost, selective underground mining methods
  the 1990s                                                •   Comparables include the Platreef deposits, in South Africa:                             •   Comparable deposits include:
• Group Ten is uniquely positioned to                           ‒ AngloAmerican’s Mogalakwena Mine                                                          ‒ J-M Reef (Stillwater)
  advance the “Platreef-in-Montana”                             ‒ Ivanhoe’s Platreef Mine                                                                   ‒ Merensky Reef (Bushveld)
  model, with demonstrated “Platreef-                           ‒ Platinum Group Metals’ Waterberg project                                                  ‒ UG2 Reef (Bushveld)
  style” mineralization
                                                       → Eight “Platreef-style” target areas at Stillwater West                                        → Six “Reef-type” target areas at Stillwater West

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Stillwater West PGE-Ni-Cu Project
Soil Geochemistry
Highly anomalous precious and                   SOIL GEOCHEMISTRY
                                                Pt + Pd + Au (ppb)
                                                                                     2019 survey   2006 survey                                                                    PRECIOUS METALS
                                                                                                                                                                                  (Pt, Pd, Au)
base metal values cover 21 km                        >200

strike in lower Stillwater                           75 – 200
                                                     50 – 75
                                                                                                                                                                                              BAN
                                                     25 – 50
stratigraphy                                         15 – 25                                                                                                                             BZ
                                                     5 – 15
                                                                                                                                                              IRON MOUNTAIN         PZ

• High levels of platinum, palladium, gold,
                                                                                                                                                                             HF
  nickel, copper and other metals in soil                                                                           CHROME MOUNTAIN
                                                2 km
  geochemistry across very large areas
• Gold, cobalt, chromium and other metals
  also highly anomalous across large areas      GEOLOGIC BOUNDARIES                                              High levels of Au, Pd, and Pt in soils at Pine
                                                BAN – Banded Series    BZ – Bronzitite Zone                      target, and up to 2km west, identified 2019
• Strong soil response proximal to drill-       PZ – Peridotite Zone   HF - Hornfels

  defined mineralization in priority target
  areas demonstrates the effectiveness of
  soils as an exploration tool at Stillwater,   SOIL GEOCHEMISTRY                                                                                                                         BASE METALS
                                                Ni + Cu (ppm)                                            Drill-defined mineralization at the Discovery target presents very               (Ni, Cu)
  especially in the Peridotite Zone (PZ)               >1,000                                            high Ni, Cu in soils, as do the Bald Hills and Tarantula targets
• Four new kilometer-scale soil anomalies              650 – 1,000
                                                       350 - 650
  identified (untested to date) in 2019,               250 – 350                                                                                                                              BAN
                                                       150 – 250
  including expansion of highly anomalous              75 – 150
                                                                                                                                                                                         BZ
  gold in soils at Pine target area                                                                                                                               IRON MOUNTAIN     PZ
• Strong spatial correlation with broad,
  high-level electro-magnetic conductor                                                                             CHROME MOUNTAIN                                           HF

  anomalies                                     2 km

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Stillwater West                                                                                                                                                                         Conductivity (EM) Survey With Select Drill Results

14 large-scale (multi-kilometer) exploration target areas
identified across 25-km long property
                                                                                                                                                                                                                 Drilled 2020
14 target areas defined by major                                                                                                                                                                                 Drilled 2019
conductive high anomalies with                                                                                                                                                                                   Past core assayed in 2019

broad, coincident soil
geochemical anomalies:
                                                                                                                                                       Picket Pin
 • Eight large-scale, bulk
   tonnage PGE-Ni-Cu-Co + Au
   sulphide target areas with
   potential to host multiple                                                                                                              8     Large-scale, bulk tonnage PGE-Ni-Cu-Co target areas
                                                                                                                                                 with demonstrated ‘Platreef-Style’ mineralization
   Platreef-Style deposits, each
   one 2 to 4 km long                                                              6     Higher-grade ‘Reef-
                                                                                         type’ target areas
 • Six higher-grade PGE ‘Reef-
                                                                                                                                                J-M REEF DEPOSIT (SIBANYE-STILLWATER)                                                            CATHEDRAL
                                                                                                East Boulder
   type’ target areas that are 3
   to 8 km long with potential to
   host multiple ‘Reef-type’                                                                                                                                                                                               CRESCENT
   deposits
Five mineralized zones identified at                                                                                                                                           IRON MOUNTAIN
the most advanced target areas                      BOULDER                                                                                                    CAMP
                                                                                                                                             EAST
based on data from more than 215                                                      WILD WEST                   CHROME
                                                                                                                                           BOULDER
drill holes totaling 31,000 meters                                                                               MOUNTAIN                                                                                                                    25 kilometers
across the property

                                       See News Release “Group Ten Metals Identifies 12 Major Geophysical Conductor Anomalies at Stillwater West Project, Montana, USA” dated Feb. 26, 2018.
                                       Grade thickness values for drill holes are shown for comparative purposes by multiplying mineralized intercepts times drilled width that are believed to be
                                       representative of true widths. Platinum equivalent (Pt Eq. g/t) calculations reflect total gross metal content using $6/lb Ni, $3.00/lb Cu, $20.00/lb Co, $1,000/oz Pt,
                                       $1,000/oz Pd and $1,250/oz Au and have not been adjusted to reflect metallurgical recoveries.
                                                                                                                                                                                                                                                     TSX: PGE.V
                                                                                                                    12                                                                                                                            OTCQB: PGEZF
                                                                                                                                                                                                                                                      FSE: 5D32
TSX-V:         PGE     OTCQB:            PGEZF               FSE:              5D32

          Stillwater West                                                  Exploration Strategy:
                                                                           • Deliver maiden resources in most advanced
          Five Priority Target Areas                                         areas (Chrome Mountain, Camp, HGR)                                  Crescent
                                                                                                                                                 •   250m x 500m area, open for expansion
                                                                           • Rapidly expand mineralization by off-setting                        •   5 holes at over 100 g-m
      Pine – High-Grade Gold                                                 existing drill-defined mineralization and drill
      •    150m strike, average width 15m, tested to 90m depth
      •    Open for expansion into coincident and gold-in-soil               testing adjacent anomalies
      •
           anomalies reaching two kilometers to the west
           7 holes with high-grade intercepts including:
                                                                           • Advance earlier-stage targets to drill status
      ‒    8.0m at 16g/t Au, 0.24g/t Pt, 0.50 g/t Pd
      ‒    3.2m at 23g/t Au, 0.89g/t Pt, 1.04g/t Pd

                                                       East Boulder

                                                                                                                             IM2019-03

2020 INDUCED POLARIZATION
(IP) GEOPHYSICAL SURVEY LINES
                                                                                                                                                                             Drilled 2020
                                                                                                                                                                             Drilled 2019
                                                                                                                                                                             Past core assayed in 2019

                                                                                                                                                                    Drill data reported in news releases from Jan 25,
                                                                                                                                                                    2019 through Apr 16, 2020, and March 3, 2021.
                                                                      Chrome Mountain                  Camp                     HGR                                 2019 and 2020 drilling by Group Ten. Drilling
                                                                                                                                                                    completed from 2002 through 2011 was verified
                                                                                                                                                                    by Group Ten’s QP. Pre-2001 drill results are
          Chrome Mountain, Camp, HGR:                                    • Thick intervals of continuous mineralization, usually starting at or near surface,       considered historic and have not been
                                                                                                                                                                    independently verified. Grade-thickness values for
          • The three most advanced target areas                           defined by between 11 and 24 drill holes in each area                                    drill holes are shown for comparative purposes by

          • Now converting drill-defined mineralized                     • Mineralized zones from 1 to 1.5 kilometers in strike length within each area             multiplying mineralized intercepts times drilled
                                                                                                                                                                    width that are believed to be representative of
            zones to maiden resources – target mid-2021                  • Significant expansion potential along trend and to depth based on multi-kilometer-       true widths. Platinum equivalent (PtEq g/t)
                                                                                                                                                                    calculations reflect total gross metal content
          • Coincident anomalies, kilometer-scale targets                  scale metal-in-soil anomalies and geophysical anomalies from ground-based IP             using $6/lb Ni, $3/lb Cu, $20/lb Co, $900/oz Pt,
          • Fully permitted                                              • IM2019-03 (HGR): 272m of 1.9 g/t TotPtEq (0.42% TotNiEq) including                       $1,650/oz Pd and $1,500/oz Au. Equivalent values
                                                                                                                                                                    have not been adjusted to reflect potential
                                                                           26.8m of 3.84 g/t TotPtEq (0.84% TotNiEq) – 7km east of Chrome Mountain                  metallurgical recoveries.

                                                                                                                                                                                                   TSX: PGE.V
                                                                                                  13                                                                                            OTCQB: PGEZF
                                                                                                                                                                                                    FSE: 5D32
TSX-V:                       PGE              OTCQB:                PGEZF                 FSE:              5D32

       Stillwater West                                                                     CM2007-02: 388 m of 0.99 g/t TotPtEq (0.22% TotNiEq), including:
                                                                                            • 30 m of 3.86 g/t TotPtEq (0.85% TotNiEq) as 0.60 g/t Pt, 1.25 g/t Pd, 0.19% Ni,
       2020 Chrome Mtn Drill Results                                                          plus Au, Cu, Co values
                                                                                                                                                                                                                                                1 km

                     CM2020-01: Hybrid Unit, IP targets, stratigraphy                                                          BAN
                     • 533 m of 0.76 g/t TotPtEq (0.17% TotNiEq) including                                       CM2007-04: 243 m of 1.62 g/t TotPtEq (0.35% TotNiEq), including:
                       130 m of 0.96 g/t TotPtEq (0.21% TotNiEq)                                                  • 30 m of 3.07 g/t TotPtEq (0.67% TotNiEq) as 0.55 g/t Pt, 0.96 g/t Pd,
                                                                                                  BAN
                     • Successfully expanded mineralized zone at Discovery                                          0.13 g/t Au, 0.13% Ni, plus Cu, Co values                                                                                 BAN
                     • High-grade Pt and Au, Pt-rich Pt:Pd ratio                                                                 BZ
                                                                                                                                                                                                                                               BZ
                                                                                                                                                                                        EAST BOULDER
CM2020-04: Offset of AMAX hole to test large IP                                                      CHROME                  CROSS
anomaly identified in 2020 survey                                                                   MOUNTAIN                 SECTION
                                                                                                                             CM-17
• 455 m of 1.13 g/t TotPtEq (0.25% TotNiEq), including
  two new thick horizons of nickel sulphide:
   • 54 m of 2.58 g/t TotPtEq (0.57% TotNiEq) including            CROSS                                                                                                                                                                      PZ
     8.5 m of 8.20 g/t TotPtEq (1.79% TotNiEq)                   SECTION
                                                                                 DISCOVERY
                                                                                                                                                                      Peridotite Zone (PZ)
                                                                    CM-4
     as 1.11% Ni, 0.19% Cu, 0.053% Co, plus 1.90 g/t PtEq                      (HYBRID UNIT)
   • 60 m of 2.22 g/t TotPtEq (0.48% TotNiEq)                                                                                                                                                      CONDUCTIVE HIGH
                                                                                                                BALD HILLS
• High-grade, high-tenor nickel sulphide (3-10% Ni)
                                                                                           CONDUCTIVE HIGH                                       CM2020-05: Test of large IP anomaly
                                                                                 CROSS
                                                                                 SECTION                                                         • 149 m of 1.19 g/t TotPtEq (0.26% TotNiEq), including
• Expansion of existing                                                          CM-6                                                              11.6 m of 2.80 g/t TotPtEq (equals 0.61% TotNiEq)
  mineralization                                                                                                                                 • Multiple nickel and high-PGE horizons including 0.083 g/t Rh                                 HF

• Discovery of multiple well-                     CM2020-02: Target Dunite pipes, test IP targets, stratigraphy
                                                                                                                                      Fugro DIGHEM EM Survey           DRILL RESULTS (2020 and select 2007)              ROCK SAMPLE RESULTS
  mineralized horizons of                         • 126 m of 1.33 g/t TotPtEq (0.29% TotNiEq), including:                             (Conductivity)                   Reported as Total Pt Equivalent Grade-Thickness   as Total Pt Equivalent g/t
                                                                                                                                      56kHz Apparent Resistivity                                                         and as Total Nickel Equivalent %
  battery metals, PGEs, gold                          24 m of 2.76 g/t TotPtEq (0.60% TotNiEq) which includes:                        (ohm-meters)
                                                                                                                                                                                       Full 3E Data Base Metal
                                                                                                                                                                       TotPtEq g-m     Data     Only Data Only           TotPtEq g/t        TotNiEq %
                                                      6.1 m of 4.50 g/t TotPtEq (0.98% TotNiEq) including 1.13 g/t Pd                          100 g-m
                                                                                                                                                                                                                         > 5 g/t          > 1.22 %
                                                                                                                                              2500
                                                  CM2020-03: Target Dunite pipes, test IP targets, stratigraphy                               >5000                    GEOLOGIC BOUNDARIES: BAN – Banded Series; BZ – Bronzitite Zone;
                                                  • 122 m of 1.27 g/t TotPtEq (0.28% TotNiEq), including:                                                              PZ – Peridotite Zone; HF - Hornfels

                                                      23 m of 1.64 g/t TotPtEq (0.36% TotNiEq) which includes:
                                                      6.1 m of 3.51 g/t TotPtEq (0.77% TotNiEq) including 0.97 g/t Pd
                                                                                                                                                                                                                                              TSX: PGE.V
                                                  • >3.4% Ni in sulphides in multiple intervals in both 14
                                                                                                        holes                                                                                                                              OTCQB: PGEZF
                                                                                                                                                                                                                                               FSE: 5D32
TSX-V:         PGE        OTCQB:             PGEZF        FSE:         5D32

Stillwater West
Chrome Mountain Target Area
Cross-Section CM-17

  • Discovery of well-mineralized new nickel
    sulphide-PGE horizons that are over 1km
    from other drill-defined mineralization

                                                                                                                    Nickel sulphides with high nickel tenor:
                                                                                                                    109 meters at 0.17% Ni, plus other values
                                                                                     OPEN

                                                                                                                   CM2020-05:
                                                                                                                   • 149 m of 1.19 g/t TotPtEq (0.26% TotNiEq)
                                                                                                                   • Strong nickel and PGE mineralization in multiple intercepts

                                                                                                 High-PGE interval:
                                                                                                 • 11.6 meters at 2.80 g/t TotPtEq (0.61% TotNiEq)
Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent (TotNiEq %)
calculations reflect total gross metal content using metals prices as follows (all                 as 0.41 g/t Pt, 0.54 g/t Pd, 0.083 g/t Rh, plus other values
USD): $6.00/lb nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $900/oz                 • At current spot prices 0.083 g/t Rh equals over 1.6 g/t Pt
platinum (Pt), $1,650/oz palladium (Pd), $1,500/oz gold (Au), and $7,000/oz
rhodium (Rh). Values have not been adjusted to reflect metallurgical                             • Pt:Pd ratio near 1:1
recoveries. Total metal equivalent values include both base and precious                                                                                                      OPEN
metals. Nickel equivalent values may be converted to copper equivalent values
by multiplying the NiEq value by the price ratio of the two (ie times two per the
above prices), such that 0.5% NiEq equates to 1.0% CuEq. Intervals are
reported as drilled widths, and are believed to be representative of true widths.

                                                                                                                                                                                 TSX: PGE.V
                                                                                            15                                                                                OTCQB: PGEZF
                                                                                                                                                                                  FSE: 5D32
TSX-V:         PGE            OTCQB:           PGEZF        FSE:       5D32

Stillwater West                                                                                                                                               CM2020-01: 404.6 g-m TotPtEq / 88.5 %-m TotNiEq
                                                                                                                                                              • 533 m of 0.76 g/t TotPtEq (0.17% TotNiEq) including
Chrome Mountain Target Area                                                                                                                                     130 m of 0.96 g/t TotPtEq (0.21% TotNiEq)
                                                                                                                                                              • Continuous nickel and copper sulphide mineralization
Cross-Section CM-6

                                                                                                 Selectively assayed for Ni, Cu
  • Expansion of drill-defined mineralization

                                                                                                     Not assayed for PGEs
    at the Discovery target in the Hybrid Unit                                                                                                                                          Hybrid Unit
                                                                                                                                                                                      (Priority Target)           2.4 m of
                                                                                                                                                                                                                 2.49 g/t Au
                                                                                                                                                        Intrusive Dunite
                                                                                                                                                        (Priority Target)                                         9.8 m of
                                                                                                                                                                                                                 0.51 g/t Pt

                                                                                     OPEN

                                                                                                                         CM2007-02: 388 m of 0.99 g/t TotPtEq (0.22% TotNiEq)
Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent (TotNiEq %)                                          starting at surface and including:
calculations reflect total gross metal content using metals prices as follows (all                                       • 50 m of 2.91 g/t TotPtEq (0.64% TotNiEq) as 0.49 g/t Pt,
USD): $6.00/lb nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $900/oz
platinum (Pt), $1,650/oz palladium (Pd), $1,500/oz gold (Au), and $7,000/oz
                                                                                                                           0.91 g/t Pd, 0.14% Ni, plus Au, Cu, Co
rhodium (Rh). Values have not been adjusted to reflect metallurgical                                                     • 30 m of 3.86 g/t TotPtEq (0.85% TotNiEq) as 0.60 g/t Pt,                              OPEN
recoveries. Total metal equivalent values include both base and precious                                                   1.25 g/t Pd, 0.19% Ni, plus Au, Cu, Co
metals. Nickel equivalent values may be converted to copper equivalent values
by multiplying the NiEq value by the price ratio of the two (ie times two per the
above prices), such that 0.5% NiEq equates to 1.0% CuEq. Intervals are                                                                       OPEN
reported as drilled widths, and are believed to be representative of true widths.

                                                                                                                                                                                                                TSX: PGE.V
                                                                                            16                                                                                                               OTCQB: PGEZF
                                                                                                                                                                                                                 FSE: 5D32
TSX-V:              PGE        OTCQB:                                      PGEZF    FSE:         5D32

Stillwater West                                                                                                                               Shallow historic holes ending in
                                                                                                                                                                                               CM2007-07:
                                                                                                                                                                                               226 m of 1.58 g/t TotPtEq (0.34% TotNiEq) including:
Chrome Mountain Target Area                                                                                                                    Ni-Cu sulphide mineralization                   • 23.8 m of 2.69 g/t TotPtEq (0.59% TotNiEq) and
                                                                                                                                                                                               • 9.2 m of 4.07 g/t TotPtEq (0.89% TotNiEq)

Cross-Section CM-4                                                                                                                                                                               as 0.43 g/t Pt, 1.31 g/t Pd, 0.17% Ni plus Au, Cu, Co values

 • Discovery of new high-grade and high
                                                                                                                                                                     8.5 meters at
   tenor nickel sulphide horizons

                                                                                                             Selectively assayed for Ni, Cu

                                                                                                                                                                                            Selectively assayed for Ni, Cu
                                                                                                                                                                     1.11% Ni plus

                                                                                                                 Not assayed for PGEs

                                                                                                                                                                                                Not assayed for PGEs
                                                                                                                                                                       strong co-
                                                                                                                                                                      product Au,
                                                                                          Nickel sulphides                                                           PGEs, Cu, Co
CM2020-02:
                                                                                          with high nickel                                                             for 1.79%
126 m of 1.33 g/t TotPtEq (0.29% TotNiEq), including:                                          tenor
 • 24 m of 2.76 g/t TotPtEq (0.60% TotNiEq) which includes:                                                                                                             TotNiEq
 • 6.1 m of 4.50 g/t TotPtEq (0.98% TotNiEq) including 1.13 g/t Pd
                                                                                                                                                                                                                                       Hybrid Unit
                                                                                                                                                                                     • 54m of 0.27% Ni, 1.01 g/t
                                                                                                                                                                                                                                     (Priority Target)
CM2020-03:                                                                                                                                                                             PtEq, plus Cu, Co for
122 m of 1.27 g/t TotPtEq (0.28% TotNiEq), including:                                                                                                                                  0.57% TotNiEq
 • 23 m of 1.64 g/t TotPtEq (0.36% TotNiEq) which includes:                                                                                                                          • Nickel sulphides with high
 • 6.1 m of 3.51 g/t TotPtEq (0.77% TotNiEq) including 0.97 g/t Pd                                                                                                                     nickel tenor

                                                                                                                                                    CM2020-04: 515.4 g-m TotPtEq / 112.8 %-m TotNiEq
Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent (TotNiEq %)                                                                     455 m of 1.13 g/t TotPtEq (0.25% TotNiEq), including
calculations reflect total gross metal content using metals prices as follows (all                                                                  two new thick horizons of nickel sulphide:
USD): $6.00/lb nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $900/oz
platinum (Pt), $1,650/oz palladium (Pd), $1,500/oz gold (Au), and $7,000/oz                                                                          • 54m of 2.58 g/t TotPtEq (0.57% TotNiEq) and
rhodium (Rh). Values have not been adjusted to reflect metallurgical
                                                                                          OPEN                                                       • 60 m of 2.22 g/t TotPtEq (0.48% TotNiEq)
recoveries. Total metal equivalent values include both base and precious
metals. Nickel equivalent values may be converted to copper equivalent values
by multiplying the NiEq value by the price ratio of the two (ie times two per the                                                                                                                                                        OPEN
above prices), such that 0.5% NiEq equates to 1.0% CuEq. Intervals are
reported as drilled widths, and are believed to be representative of true widths.

                                                                                                                                                                                                                                               TSX: PGE.V
                                                                                     17                                                                                                                                                     OTCQB: PGEZF
                                                                                                                                                                                                                                                FSE: 5D32
TSX-V:               PGE            OTCQB:                   PGEZF                FSE:             5D32

Stillwater West PGE-Ni-Cu Project
Discovery Target at the
Hybrid Unit, Chrome
Mountain - Drill Results
       Multiple long drill intervals returned multi-
       gram-per-tonne precious metals (Pd, Pt, Au)

       Five holes at >300 gram-meter TotPtEq
       grade-thickness demonstrate significant
       metal content and some of the longest
       intervals of mineralization ever encountered
       in the Stillwater district

            Grade-Thickness:
            • Sibanye-Stillwater (J-M Reef):
              2m @ 17 g/t Pd+Pt = 34 g-m
            • Group Ten:
              50m @ 1.4 g/t Pd+Pt = 70 g-m
              (plus Ni, Cu, Co, Au, Rh values)

Highlight intercepts with grade-thickness values over 25 gram-meter TotPtEq are presented above. Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent (TotNiEq %) calculations reflect total gross metal content using metals prices as follows (all USD): $6.00/lb
nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $900/oz platinum (Pt), $1,400/oz palladium (Pd), and $1,400/oz gold (Au). Values have not been adjusted to reflect metallurgical recoveries. Total metal equivalent values include both base and precious metals. Total
platinum equivalent grade-thickness was determined by multiplying the thickness (in meters) by the Total Platinum Equivalent grade (in grams/tonne) to provide gram-meter values (g-m) as shown. Total nickel equivalent grade-thickness was determined by multiplying the
thickness (in meters) by the Total Nickel Equivalent grade (in percent) to provide percent-meter values as shown. Grade-thickness values have been determined across continuously mineralized intervals. Nickel equivalent values may be converted to copper equivalent values
by multiplying the NiEq value by the price ratio of the two (ie times two per the above prices), such that 0.5% NiEq equates to 1.0% CuEq. Platinum equivalent has been used based on the historic values of platinum and palladium. Platinum equivalent values may be converted
to palladium equivalent values by multiplying the PtEq value by the price ratio of the two (ie times 0.64 per the above prices), such that 1 g/t PtEq equates to 0.64 g/t PdEq. Intervals are reported as drilled widths and are believed to be representative of true widths. All holes
were conducted by Group Ten’s QP and are not considered historic.

                                                                                                                                                                                                                                                                      TSX: PGE.V
                                                                                                                                    18                                                                                                                             OTCQB: PGEZF
                                                                                                                                                                                                                                                                       FSE: 5D32
TSX-V:               PGE            OTCQB:                   PGEZF                FSE:            5D32

Stillwater West PGE-Ni-Cu Project
2020 Chrome Mountain -
Drill Results
• The first drill program guided by the 2020
  Induced Polarization (IP) geophysical survey
• Multiple new well-mineralized horizons
  identified, including high-grade, and high-tenor,
  nickel sulphides
• All five holes returned intervals from 120 to 530
  meters of continuous nickel and copper sulphide
  mineralization, enriched in palladium, platinum,
  rhodium, gold, and cobalt, starting at or near
  surface
• Each hole also returned higher-grade intervals
  over widths of 50 to 150 meters in addition to
  more selective high-grade intervals
• Results indicate potential for both bulk and
  selective mining scenarios at 0.5 g/t PtEq cut-off
  and 1.5 g/t PtEq cut-off respectively

Highlight intercepts with grade-thickness values over 25 gram-meter TotPtEq are presented above. Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent (TotNiEq %) calculations reflect total gross metal content using metals prices as follows (all USD): $6.00/lb
nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $900/oz platinum (Pt), $1,650/oz palladium (Pd), $1,500/oz gold (Au), and $7,000 rhodium (Rh). Values have not been adjusted to reflect metallurgical recoveries. Total metal equivalent values include both base and
precious metals. Total platinum equivalent grade-thickness was determined by multiplying the thickness (in meters) by the Total Platinum Equivalent grade (in grams/tonne) to provide gram-meter values (g-m) as shown. Total nickel equivalent grade-thickness was
determined by multiplying the thickness (in meters) by the Total Nickel Equivalent grade (in percent) to provide percent-meter values as shown. Grade-thickness values have been determined across continuously mineralized intervals. Nickel equivalent values may be
converted to copper equivalent values by multiplying the NiEq value by the price ratio of the two (ie times two per the above prices), such that 0.5% NiEq equates to 1.0% CuEq. Platinum equivalent has been used based on the historic values of platinum and palladium.
Platinum equivalent values may be converted to palladium equivalent values by multiplying the PtEq value by the price ratio of the two (ie times 0.55 per the above prices), such that 1 g/t PtEq equates to 0.64 g/t PdEq. Intervals are reported as drilled widths and are believed
to be representative of true widths.

                                                                                                                                                                                                                                                                    TSX: PGE.V
                                                                                                                                  19                                                                                                                             OTCQB: PGEZF
                                                                                                                                                                                                                                                                     FSE: 5D32
TSX-V:   PGE   OTCQB:   PGEZF   FSE:    5D32

Stillwater West
Iron Mountain Target Area
Cross-Section IM-18
One of three target areas with demonstrated
‘Platreef-style’ bulk tonnage PGE-Ni-Cu-Co
mineralization over hundreds of meters in
thickness.
2019 programs:
• returned some of the thickest mineralized
   intercepts ever recorded in the district
• successfully advanced the HGR target
   towards delineation of a maiden resource
   with multiple very wide intervals of nickel
   and copper sulphide, enriched in palladium,
   platinum and gold, starting from surface
• returned results that are comparable to the
   style of mineralization found in South Africa’s
   Platreef district, which hosts some of the
   world’s largest nickel-copper sulphide hosted
   PGE mines
Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent
(TotNiEq %) calculations reflect total gross metal content using
metals prices as follows (all USD): $6.00/lb nickel (Ni), $3.00/lb
copper (Cu), $20.00/lb cobalt (Co), $900/oz platinum (Pt), $1,400/oz
palladium (Pd), and $1,400/oz gold (Au). Values have not been
adjusted to reflect metallurgical recoveries. Total metal equivalent
values include both base and precious metals. Nickel equivalent
values may be converted to copper equivalent values by
multiplying the NiEq value by the price ratio of the two (ie times
two per the above prices), such that 0.5% NiEq equates to 1.0%
CuEq. Intervals are reported as drilled widths, and are believed to
be representative of true widths.

                                                                                                                  TSX: PGE.V
                                                                       20                                      OTCQB: PGEZF
                                                                                                                   FSE: 5D32
TSX-V:               PGE             OTCQB:                  PGEZF                FSE:            5D32

Stillwater West
HGR Zone at the Iron
Mountain Target Area
2019 Drill Results
 2019 results returned some of the
 thickest mineralized intercepts,
 and the highest grade-thickness
 values, ever recorded in the
 district, including potential bulk
 and selective mining scenarios

 Assuming a 0.5g/t PtEq cut-off grade:                                      Assuming a 1.5g/t PtEq cut-off grade:                                           Approximate Width of                                  Grade-Thickness:
 272m @ 1.90g/t PtEq, or                                                    141m @ 2.59g/t PtEq, or                                                       Ivanhoe’s Flatreef Deposit                              • Sibanye-Stillwater (J-M Reef):
    “   0.42% NiEq, or                                                         “   0.57% NiEq, or                                                                                                                   2m @ 17 g/t Pd+Pt = 34 g-m
                                                                                                                                                                                                                  • Group Ten:
    “   0.84% CuEq                                                             “   1.14% CuEq                                                                                                                       272.5m @ 1.90 TotPtEq = 518 g-m

  Highlight intercepts with grade-thickness values over 100 gram-meter TotPtEq are presented above, except as noted. Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent (TotNiEq %) calculations reflect total gross metal content using
  metals prices as follows (all USD): $6.00/lb nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $900/oz platinum (Pt), $1,400/oz palladium (Pd), and $1,400/oz gold (Au). Values have not been adjusted to reflect metallurgical recoveries. Total metal
  equivalent values include both base and precious metals. Total platinum equivalent grade-thickness was determined by multiplying the thickness (in meters) by the Total Platinum Equivalent grade (in grams/tonne) to provide gram-meter values (g-m)
  as shown. Total nickel equivalent grade-thickness was determined by multiplying the thickness (in meters) by the Total Nickel Equivalent grade (in percent) to provide percent-meter values as shown. Nickel equivalent values may be converted to copper
  equivalent values by multiplying the NiEq value by the price ratio of the two (ie times two per the above prices), such that 0.5% NiEq equates to 1.0% CuEq. Intervals are reported as drilled widths, and are believed to be representative of true widths.

                                                                                                                                                                                                                                                               TSX: PGE.V
                                                                                                                             21                                                                                                                             OTCQB: PGEZF
                                                                                                                                                                                                                                                                FSE: 5D32
TSX-V:         PGE        OTCQB:         PGEZF           FSE:              5D32

Stillwater West PGE-Ni-Cu Project
Kilometer-Scale Magmatic Targets in a Famously Metal-Rich District
                    J-M Reef Deposit (Sibanye-Stillwater)
                                                                           Cross-section CM-4
                                                                            Cross-section CM-6

                                                                                                                                                                 MVI Susceptibility
                                                                                   Cross-section CM-17                     Cross-section IM-18

                                                                Chrome
                                               Wild West
                                                                Mountain
                                                                                                         Camp     Iron
                                                                                                                Mountain
                                                            Magmatic Targets
                                                                                                                               Crescent

                                                                                                            Magmatic Targets

                                                                                                                                                 2 km
                                                                                                                                                 depth
Long-section through
Stillwater West
Magnetic Vector Inversion (MVI) results showing kilometer-scale exploration targets (pink areas) that continue below the five known mineralized
zones at Stillwater West (yellow text). Potential for significant depth extension, including possible magmatic feeder zones.

                                                                                                                                                                                         TSX: PGE.V
                                                                                     22                                                                                               OTCQB: PGEZF
                                                                                                                                                                                          FSE: 5D32
TSX-V:        PGE        OTCQB:          PGEZF         FSE:          5D32

Stillwater West PGE-Ni-Cu Project
Progress and Next Steps                                                      2020
                                                                             •   “Platreef-style” drill results from three target areas (Discovery, Camp, HGR)
                                                                             •   Discovery of four new multi-kilometre-scale soil anomalies
                                    2019 Milestones                          •   High-grade gold and rhodium results
                                                                             •   Chrome Mountain drill program, IP survey
                                    • Initial block modeling of most
  2017 – 2018                         advanced targets
                                    • Drill program, plus re-                      2021 Priorities
  • Acquisition, expansion            logging/re-assay of past core
                                                                                   • Advance drill-defined mineralized zones to formal resources
  • Data compilation and modeling   • Collaboration with GoldSpot
                                      (AI and machine-learning)                    • Expand known mineralization into untested areas
  • Initial field programs                                                         • Identify and prioritize new targets

2017               2018                 2019                                2020                                      2021

                                                                                                            Upcoming News
                                                                                                            • IP results and 2021 exploration plans
                                                                                                            • Formal resource estimates (expected mid-2021)
                                                                                                            • Potential agreements on secondary assets: Black
                                                                                                              Lake-Drayton (gold), Kluane (PGE-Ni-Cu)

                                                                                                                                                            TSX: PGE.V
                                                                       23                                                                                OTCQB: PGEZF
                                                                                                                                                             FSE: 5D32
TSX-V:   PGE   OTCQB:   PGEZF   FSE:    5D32

Black Lake – Drayton Gold Project
Underexplored High-Grade Gold Prospect in Active Rainy River District

Overview
• 137 km2 land package adjoining Treasury Metals’
  recently consolidated +3Moz Goliath Gold Complex
• 30km of underexplored Archean greenstone strike      GOLIATH GOLD COMPLEX
                                                          +3Moz Au, permitted
• High-grade gold demonstrated in 127 drill-hole
  database, historic bulk samples
• 100%-owned, low carrying cost
• Direct road access, close to rail and power
• Discovery and development of Rainy River lead the
  district in the 1990s, which is now over 10Moz and
  growing

Priorities for 2021
• Continue ongoing discussions re best avenue to
  monetize asset
• Undertake modest surface exploration program to
  expand known mineralization, refine targets

                                                                                                                           TSX: PGE.V
                                                                                24                                      OTCQB: PGEZF
                                                                                                                            FSE: 5D32
TSX-V:   PGE   OTCQB:   PGEZF   FSE:    5D32

Kluane PGE-Ni-Cu Project Overview
Underexplored High-Grade Gold Prospect in Active Rainy River District
Overview
• Kluane Mafic-Ultramafic belt extends 600 km
  from northern British Columbia to central
  Alaska and hosts known PGE-Ni-Cu deposits
• 100% ownership in four claim blocks
• The multi-million-ounce Wellgreen PGE-Ni-
  Cu-Co deposit demonstrates the world-class
  potential of the belt
• Similar geology to largest known PGE-Ni-Cu
  deposits including the Bushveld and Stillwater
  complexes

Near-Term Priority
• Continue ongoing discussions re best
  avenue to monetize asset
• Undertake modest surface exploration
  program to expand known mineralization,
  refine targets

                                                                                              TSX: PGE.V
                                                   25                                      OTCQB: PGEZF
                                                                                               FSE: 5D32
TSX-V:       PGE          OTCQB:          PGEZF        FSE:       5D32
Capital
Structure                                                                     PGE.V - GROUP TEN METALS                      JJNTF - Nickel ETF
                                                                                                                            CDNX - Index
                                                                                                                            PPLT – Platinum ETF
& Relative Share
                                                                                                                            PALL – Palladium ETF
Performance
                                                                                                                            PGE.V - GROUP TEN METALS
                                                                                                                            50-day moving average

                                                                                                                            PGE.V - GROUP TEN METALS
                                                                                                                            200-day moving average

Share price (as of February 26, 2021)       C$0.41
                                                     SHAREHOLDER
Shares issued & outstanding                  147M    COMPOSITION                        Mgmt & Associates - 26%
Options (average exercise price: $0.18)      12.4M
Warrants (average exercise price: $0.27)     40.5M                                HNW - 21%                 Retail - 31%
Fully diluted shares outstanding             199M
Market capitalization (basic)               C$60M                                          Institutional
                                                                                                22%
Cash & cash equivalents balance (no debt)   ~C$3M
In-the-money options & warrants             ~C$13M
                                                     As of January 10, 2021

                                                                                                                                                TSX: PGE.V
                                                      26                                                                                     OTCQB: PGEZF
                                                                                                                                                 FSE: 5D32
Group Ten Metals Inc.
      Suite 904 - 409 Granville Street
      Vancouver, BC, Canada, V6C 1T2
     Email: info@grouptenmetals.com
             Tel: 604.357.4790
         Toll Free: 888.432.0075
        www.grouptenmetals.com

             @grouptenmetals

TSX: PGE.V | OTCQB: PGEZF | FSE: 5D32       TSX: PGE.V
                    27                   OTCQB: PGEZF
                                             FSE: 5D32
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