TSX.V: ROXCorporate Presentation November 2013

CORPORATE PRESENTATION

Exploration in Newfoundland, Canada

TSX.V: ROXwww.canstarresources.com

Q3 2020

TSX.V: ROX

Disclaimer & Forward Statements

Disclaimer

This presentation contains a review of the Company’s projects in Canada. Viewers are cautioned that the projects are at an earlystage of exploration and that estimates and projections contained herein are based on limited and incomplete data. More work is required before the mineralization on the projects and their economic aspects can be confidentially modeled. Therefore, the workresults and estimates herein may be considered to be generally indicative only of the nature and quality of the projects. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates herein will be confirmed by future exploration or analysis, or that the projects will otherwise prove to be economic.

Forward-Looking Statements

This presentation includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Canstar, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form thoseanticipated in such statements.

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TSX.V: ROX

The Company

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Who We Are

• A mineral exploration company focused in Newfoundland, Canada

• Modern exploration leader in the historic Buchans & Daniel’s Harbour mining camps

• Supported by Altius Minerals’ Newfoundland technical team & exploration advisor Kerry Sparkes

• Seasoned Board of Directors with proven track records in global mineral exploration & development

Strategy

• Create value for shareholders by discovering new economic deposits within Buchans & Daniel’s Harbour

mining camps in Newfoundland, with focus on advancement of Buchans-Mary March target areas

• Reinvigorate exploration in Newfoundland with modern methods – e.g. 2017 helicopter-borne

geophysical survey, 2019 discovery of massive sulphides at surface ~2km from Buchans-Mary March

• Consider exploration consolidation opportunities in disjointed but renowned mining camps

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Management, Advisors & Directors

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Dennis H. Peterson, LLB Chairman of the Board / Interim President & CEO

• Principal of Peterson McVicar – over 20 years experience as corporate securities lawyer specializing in corporate finance matters for small cap resource companies

• Specialized in all aspects of financings and mergers and acquisitions in junior public markets• Previously served as a director of Probe Mines, current director of Probe Metals

Kerry Sparkes, MSc., P.Geo.Exploration Advisor

• VP Geology at Franco-Nevada Corp., registered professional geologist with PEGNL for 27 years • Significant experience in the Buchans camp as VP Exploration at Messina Minerals• Part of teams that discovered the Domino and Boomerang VMS deposits in the Buchans camp• Led the exploration teams at Voisey Bay Nickel and Rainy River to successful takeovers by industry majors• Acted as a director and officer of several publicly listed companies over the last 25 years

Lawrence Winter, Ph.D., P.Geo.Exploration Advisor

• VP Exploration at Altius Minerals – leads project generation efforts globally, registered P.Geo. with PEGNL for over 20 years• Extensive career working in mineral exploration across Canada and internationally, with special focus in VMS camps• Memorial University (BSc Hons, Msc) and University of British Columbia (PhD) and a Fellow of the Society of Economic Geologists

David Palmer, Ph.D., P.Geo. Director

• Over 25 years experience as exploration geologist in Canadian and international mining industries• As President and CEO of Probe Mines (2004-2015), responsible for two major mineral discoveries, including the multi-million ounce Borden

Gold deposit; Probe Mines acquired by Goldcorp in 2015 • Currently President and CEO of Probe Metals Inc.

Sam Leung, P.EngDirector

• Vice President, Corporate Development of Adventus Mining Corporation, with 15 years international mining sector experience in strategy, due diligence & evaluation of projects & operations, and mergers & acquisitions

• Non-executive Director of AbraPlata Resources Corp. / previously, Director of Corporate Development at Lundin Mining Corporation, management consultant and metallurgist for Hatch Ltd.

• Licensed P. Eng. (Canada) as Metallurgist – Queen’s University, Engineering Chemistry, with first class honours

T. Patrick ReidDirector

• Long-term member Ontario Mining Association, served as Executive Director, recently retired as President and CEO• MPP, riding of Rainy River, Ontario 1967 to 1984; held various senior positions within government • Awarded CIMM fellowship in 2001 for outstanding contribution to the Canadian mining industry and the CIMM

Bob Patey, P.Geo.Senior Geologist

• Over 10 years experience at Altius Minerals Corp. as research geologist• Extensive field experience in Newfoundland and Labrador. • Bob was an integral part of the Altius team that was named 2017 Explorer of the Year by the Canadian Institute of Mining, Metallurgy and

Petroleum, Newfoundland (CIM NL)

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Exploration Project Highlights

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Buchans:Mary March

Comprises 22,787 hectares, located between communities of Buchans & Buchans Junction in Newfoundland, surrounding the past producing Buchans Mine

Discovery holes drilled at Mary March by Phelps-Dodge in 1999-2000 ran:

4.2 gpt Au, 122 gpt Ag, 10.1% Zn, 1.8% Pb, 0.64% Cu , over 9.63m (MM294-7);

12.2 gpt Au, 660 gpt Ag, 16.8% Zn, 5.4% Pb, 0.2% Cu, over 0.91m (MM294-11);

72.4 gpt Ag, 3.0% Zn, 1.1% Pb, 0.13% Cu , over 20.6m (MM-294-3).

2017 EM survey generated over 35 drill-ready targets 2019 Trenching discovers a new high-grade copper-gold massive

sulphide occurrence, at surface, 1.8km along strike of hole MM-294-7. Grab samples include:

1.2 gpt Au, 29.4 gpt Ag, and 5.7% Cu 1.5 gpt Au, 54.2 gpt Ag, and 2.3% Cu 2.0 gpt Au, 23.5 gpt Ag, and 1.1% Cu

Daniel’s Harbour

Approximately 5,000 hectares located immediately adjacent to the closed Daniel’s Harbour Mine which produced ~7 Mt @7.8% zinc from 1975 to 1990

In late 2018 Canstar completed IP and gravity surveys on the property generating targets for follow up drilling

Canstar controls over 37,000 hectares of prospective base & precious metals mineral concessions

TSX.V: ROX

Buchans – Mary March Project

Buchans Property The 100%-owned Buchans Property (22,787 hectares) surrounds historic Buchans mine, ranked as one of the world's highest grade

polymetallic VMS producers (produced 16.2 Mt @ 14.51% Zn, 7.56% Pb, 1.33% Cu, 126 gpt Ag and 1.37 gpt Au) SE corner of region also hosted Teck Resources Limited's Duck Pond Mine, operated between 2007 and 2015 with an initial reserve of 4.1 Mt

averaging approximately 3.3% Cu, 5.7% Zn, 59 gpt Ag and 0.86 gpt Au – Duck Pond 1,800 tpd flotation mill currently on care/maintenance. 2017 Airborne EM survey generated over 35 targets New massive sulphide discovery at Mary March during summer 2019

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Mary March Property Canstar majority JV partner (56%) with Glencore

(44%) on Mary March Property (~1,700 hectares). Discovery holes drilled by Phelps Dodge in 1999 and

2000 produced some of highest grade intersections ever achieved outside Buchans Mine:

4.2 gpt Au, 122 gpt Ag, 10.1% Zn, 1.8% Pb, 0.64% Cu , over 9.63m (MM294-7);

12.2 gpt Au, 660 gpt Ag, 16.8% Zn, 5.4% Pb, 0.2% Cu, over 0.91m (MM294-11);

72.4 gpt Ag, 3.0% Zn, 1.1% Pb, 0.13% Cu , over 20.6m (MM-294-3).

Buchans-Mary March is the focus of Canstar’s exploration programs

New Discovery of Massive Sulphide in Trench Discovery of a new high-grade copper-gold massive

sulphide occurrence, at surface, 1.8 km along strike of the historic Mary March discovery hole

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Mary March – New Massive Sulphide Discovery

New Massive Sulphide Discovery During summer 2019, Canstar discovered a new

high-grade copper-gold massive sulphide occurrence, at surface, approximately 1.8 km along strike of the historic Mary March discovery hole

Attenuated and strongly altered 4.5 m wide zone of felsic volcanics containing numerous clasts (10-20 cm in size) of base metal rich massive sulphides

Zone sits within a similar geological and structural setting to that which hosts the historic Mary March discovery hole (MM-294-7) drilled in 1999

Highlights from the massive sulphide grab samples include:

• 1.2 gpt Au, 29.4 gpt Ag, and 5.7% Cu• 1.5 gpt Au, 54.2 gpt Ag, and 2.3% Cu• 1.2 gpt Au, 23.5 gpt Ag, and 1.1% Cu

Buchans-Mary March New Massive Sulphide Discovery

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Next Steps Additional ground-based geochemical and geophysical surveys, including additional prospecting, to further refine targets for future drilling

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Mary March – VMS Country & High Grades

• Mary March is surrounded by known VMS deposits

• Mary March has returned highest grade base metals intercepts outside of the deposits which formed the basis of the Buchans Mine

• Higher grade known VMS deposits already exploited

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Daniel’s Harbour

100% interest in a license comprising 202 claims (5,050 hectares) immediately adjacent to the closed Daniel’s Harbour Mine (produced ~7 Mt @7.8% zinc from 1975-1990)

No significant exploration in area for almost 30 years until recently (Ubique Minerals active in the area as well as Canstar)

Mississippi Valley Type style mineralization has clear structural and stratigraphic controls; but no deep drilling completed to test obvious trends and favourable stratigraphy

Canstar undertook IP and gravity surveys in the fall of 2018 on the western claim block outlining targets for follow up drilling

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TSX.V: ROX

Market Snapshot

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36% 8%10%

46%

Canstar Resources Inc. Symbol: ROX

Listed Exchange TSX Venture

Share Price $0.06

Shares Outstanding (basic) 48.7 million

Market Capitalization $3 million

Shares Outstanding (Fully Diluted) 50.4 million

In Q1 2020, Canstar’s board completed a $210k financing as it considers exploration & strategic opportunities for 2020

Funds & Individual Investors

Board & Management

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Plans for 2020

• Interpret new massive sulphide discovery near Mary March & implications for mineral belt, including further analysis of 2019 geophysical & geochemical work to refine drill targets

• 2020 exploration program: examination of archived core, lithogeochemical sampling, prospecting & mapping to refine drill targets for a future drilling program

• Consider strategic consolidation opportunities in Newfoundland & beyond

• Drill ready targets at Daniel’s Harbour from field programs & data compilation – Canstar may seek partners for next work phases

• Consider appropriate management additions in support of future activities

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Contact:Head Office220 Bay Street, Suite 550Toronto, OntarioM5J 2W4

Dennis H. PetersonInterim President & CEO / Board ChairmanTel: (647) 557-3442Email: info@canstarresources.comwww.canstarresources.com