GUG: TSX-V | ASWRF: OTCPK www.gungnirresources.com

Focused on Discovery in Sweden

GUNGNIRGungnir Resources Inc.

Forward-Looking Statements

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Forward-looking statements relate to future events or the anticipated or potential performance of the Company and reflect management’s expectations or beliefs regarding such future events and anticipated performance. In certain cases, forward-lookingstatements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved", or the negative of these words or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and otherfactors which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or implied by the forward-looking statements.

Important factors that could cause actual results to differ from these forward-looking statements include risks related to failure to define mineral resources, to re-produce mineral resources or convert estimated mineral resources to reserves, the grade and recovery of ore which is mined varying from estimates, future prices of gold and other commodities, capital and operating costs varying significantly from estimates, political risks, uncertainties relating to the availability and costs and availability of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, uninsured risks and other risks involved in the mineral exploration and development industry.

Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that described in forward-looking statements, there may be other factors that cause its performance not to be as anticipated. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this presentation and the Company does not intend, and does not assume any obligation, to update these forward-looking statements.

The technical information herein was prepared under the supervision of Jari Paakki, P.Geo, a Qualified Person as defined by National Instrument 43-101.

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The Opportunity

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• Participate in focused exploration aimed at discovery in the mineral-rich Fennoscandian Shield

• Attractive exploration permits in active mining, yet under-explored region in northern Sweden

• Near-surface gold mineralization with drill intersections including 3.45 g/t Au over 10.75m

• 10+ km long gold trend at Knaften project + bonus base metal play at Knaften; new copper-nickel bearing sulphides drilled in 2017

• Company additionally holds two nickel-copper-cobalt deposits and newly staked cobalt-nickel-copper prospects

• Drilling underway on both gold and base metals targets

• Three, $1M annual royalty payments still remaining from original $5M royalty stream (next payment due to Gungnir on April 30th, 2019)

WHY SWEDEN ?Sweden is the leading mining nation in Europe and continues to receive high institute rankings as one of the top countries in the world for exploration and mining. Mining is a traditional industry in Sweden which extends back over a thousand years. Sweden covers part of the Fennoscandian shield, a mineral rich but highly underexplored region. Sweden continues to offer excellent ore discovery potential, in particular under glacial till (sand and gravel) which covers large areas of Sweden.

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Gungnir Properties within Prime Location in the Nordic Region

GUNGNIR

200 km

Agnico Eagle Kittila Au MineGold Reserves: 4.5 Moz Au (source AEM)

$15.9M Kinross Gold Investment in Aurion, Sept 2017

Nickel-Copper Discovery by Anglo American; 44.4Mt @ 1.9% Cu, 0.96% Ni, 1.37 g/t 2PGM+Au (measured and indicated

resources; source GTK)

$8.1M Goldcorp Investment in Mawson Feb 2018

Gungnir Norrbotten Au, Cu, Ni, Co, Ag Permits

Agnico Eagle JV, Barsele Gold Deposit

Gungnir Lappvattnet and Rormyrberget Ni-Cu-Co deposits

Gungnir Knaften Project(Au + Cu-Ni)

Past-Producer Boliden (4 Moz Au; source Boliden) and current Au producer Bjorkdal

100 km

Bjorkdal

Svartliden

Barsele

Faboliden

Boliden

Knaften Property

Stockholm

Knaften Property in the Vasterbotten District of Sweden

250 km

Mineral-Rich Vasterbotten

District

Boliden: 4 Moz Au (16 g/t Au); past producer Boliden MiningBjorkdal: 1 Moz produced, 910 Koz (2.39 g/t Au) M&I Resources and 200Koz (1.71 g/t Au) Inferred Resources, 590 Koz P&P Reserves (1.69 g/t Au); source Mandalay ResourcesFaboliden: 0.41 Moz (4.2 g/t Au) Indicated Resources and 370 Koz Inferred Resources (3.7 g/t Au); source Dragon Mining Barsele: Inferred resource of 1,427,000 oz Au (2.91 g/t Au) and indicated resource 193,000 oz Au (2.50 g/t Au) + VMS zone; source Barsele Minerals

Gold Deposit

Base Metal Deposit

Gungnir Resources

12 million ounces of gold delineated in existing and mined resources plus several past-producing and producing base metal mines

Sweden

(Current Producer)

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Vasterbotten: Three Prominent Gold-in-Till

Areas which includes Knaften

Ice Direction

Barsele Till Anomaly:known gold resources

Knaften Till Anomaly; source only partially indicated in bedrock

Source: Park 2005 PhD Thesis, Lulea University Sweden Original Data from SGU (Swedish Geological Survey)

>5 Moz Au Boliden/Bjorkdal Area Till Anomaly: current and past-

producing gold mines

GUNGNIR

Knaften Drilling Highlights, Surface Samples, Gold Trend and Geophysics Targets

“Knaften 300 Gold Zone”Envelope around 50+ historic drill holes

Background: Total Field Magnetics

PropertyBoundary

8.52 g/t Au (771 ppm As); 0.24 g/t Au (2,460 ppm As); 0.18 g/t Au (1.4% As); 0.14 g/t Au

(6,630 ppm As)

0.3 g/t Au in o/c

1 km

2017 Geophysics Gridwith EM Anomalies

Hole ID From (m) To (m) Length (m) Au (g/t)

96009 67.05 77.80 10.75 3.45

200707 83.50 93.50 10.00 3.20

200714 135.80 143.80 8.00 3.11

KNA01001 55.00 69.45 14.45 2.13

includes 65.00 69.45 4.45 4.21

200710 190.50 197.20 6.70 2.01

200715 118.80 123.80 5.00 2.89

200719 14.50 17.50 3.00 3.42

Historic drill hole intercepts tabled are core lengths and are not true widthsGungnir re-sampling of 200707 returned 13m of 2.92 g/t Au starting at a depth of 81.5m (see NR March 3/17)

Surface samples noted above are selected grab sample that may not be representative of the mineralization hosted on the property

Hole 200818: 50m of alteration, arsenopyrite, anomalous Au

Property continuesnorthward

New Drill Discovery of Cu-Ni Bearing Sulphides in KN17-05

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Knaften 300 Gold Zone Drill Core: Disseminated-Style Gold Mineralization

DDH 2007-073.2 g/t Au over 10mGUG re-sampling2.92 g/t Au over 13m

Disseminated arsenopyritethroughout hostedby greywacke (sedimentary rock)

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Knaften 300 Gold Zone Drill Core: Disseminated-Style

and Quartz Vein Gold Mineralization

DDH 960093.45 g/t Au over 10.75m

Disseminated arsenopyrite

KN17-011.2 g/t Au over 13.7m

Disseminated arsenopyrite + quartz veins

Quartz DioriteQuartz Diorite

Greywacke

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Knaften: Other Key Follow-up Targets Outside of

Knaften 300 Gold Zone

Hole 200818: 50 metres of alteration, arsenopyrite, and anomalous Au

2.5 km SW 3.5 km NW

4.7 km NW Hand sample of exposed massive sulphides (2 to 3m wide). Massive pyrrhotite, lesser pyrite + elevated VMS base metals, as well as silver and anomalous Au, As, Sb.

Hand sample of gold mineralized boulder. Disseminated pyrrhotite and arsenopyrite hosted in altered felsic volcanics. Assays up to 8.52 g/t Au. Bedrock source of boulder cluster remains undiscovered.

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Knaften 2017 New Copper-Nickel Bearing Sulphides in Layered Gabbro and Untested Conductors

OPEN

OPEN

KN17-05 drill intersection of Cu-Ni bearing sulphides

Gungnir’s 2017 Ground EM surveyConductors highlighted

0.5 km

Cu-bearing sulphides

Net-textured sulphides

Host layered gabbro; 212m intersected

Current Gungnir Nickel-Copper Assets East of Knaften

Lappvattnet

Gungnir is not treating the historical estimates as current mineral resources and that a qualified person has not done

sufficient work to classify the historical estimates as current resources. See news release dated February 24, 2015

2017 Drill discovery of new, highly anomalous copper-nickel sulphides hosted in layered gabbro; up to 0.53% combined Cu+Ni in assays and high Cu tenor

Rormyrberget

20 km

Deposit Tonnes Ni% Cu% Co% Ni lbs (millions)

Rormyrberget 6,370,000 0.35 0.04 0.01 48.7

Lappvattnet 1,139,000 0.91 0.19 0.02 22.9

71.6

Historical Estimates from 2009

Knaften

GUNGNIR

• Drilling underway on both gold and base metal targets

• Two year program needed to fully test all targets

• On the gold side, test the Knaften 300 Gold Zone and wide-spaced drilling northwest and southwest along the regional magnetics break are warranted; evaluate areas for additional geophysical work to focus drilling

• For base metal targeting at Knaften, numerous electromagnetic conductors, many with very high conductivity, are being evaluated for drill testing

• Prospect newly staked Norrbotten permits, includes Au, Ag, Cu, Ni and Co

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Next Steps, Drill, Drill ….

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Knaften - Planned Drill Areas & Potential Drill Collars

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Background: Total Field Magnetics

PropertyBoundary

1 km

Property continuesnorthward

#5. Magnetics Break Extension

#1. Knaften 300 Gold Zone Expansion

#2. 50m alteration/anomalousAu zone follow-up

#6. EM targets

#4. Anomalous Au in o/c

#3. Gold Boulders

“Knaften 300 Gold Zone”Envelope around 50+ historic drill holes

Nordic Explorers Share Price Comparison

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Gungnir Resources GUG.VMarket Cap: $7M3 yr Hi/Lo: $0.21/$0.005

• Gungnir stock is trading well below other Nordic explorers

• Currently at a S/P comparable to AU.V and BME.V in early 2016 (red arrow); currently 1/10th of their valuations

• With exploration success Gungnir is poised for growth:

Barsele Minerals BME.VMarket Cap: $82M3 yr Hi/Lo: $1.62/$0.08

Aurion Resources AU.VMarket Cap: $65M3 yr Hi/Lo: $3.49/$0.03

✓ Safe, established mining district✓ Confirmed near-surface gold in

bedrock✓ Excellent exploration potential✓ Bonus base metal play✓ Drilling underway✓ Ni-Cu Resources (70M lbs Ni)**✓ $3M in advance royalty

payments due to Gungnir

** Gungnir is not treating the historical estimates as current mineral resources and that aqualified person has not done sufficient work to classify the historical estimates as currentresources. See news release dated February 24, 2015

2015 2016 2017

Management and Directors

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Jari Paakki, B.Sc., M.Sc., P.Geo., CEO, DirectorMr. Paakki is a Professional Geologist with 25 years-experience in gold and base metal exploration in Canada, Scandinavia and Brazil, including twelve years with Teck Resources. Jari has spent the past dozen years in the junior exploration sector in senior management roles and as a director, including nearly 10 years exploring in Sweden. Mr. Paakki is the Company’s qualified technical person.

Chris Robbins, CFO, DirectorMr. Robbins holds the position of CFO, as well, Chris has the role of the Company’s investor relations lead. Mr. Robbins has 30 years-experience in public relations, corporate governance & financing, both in public and private sectors, including 20 years with Gungnir’s predecessor.

Todd Keast, B.Sc., P.Geo., DirectorMr. Keast is a Professional Geologist with over 25 years-exploration experience, combined with numerous years of senior management and public company experience. Todd was part of the original team prior to the re-branding to Gungnir in 2014. Mr. Keast is the co-founder of Manitou Gold.

Garett Macdonald, P.Eng., MBA, DirectorMr. Macdonald joined Gungnir in 2015. Garett is a mining engineer with 22 years of industry experience including an extensive background in project development and mine operations. He has been involved with several public companies as an officer & director and has managed large technical programs through concept, feasibility and into construction. Mr. Macdonald is currentlyCEO of Tower Resources Inc.

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FOR MORE INFORMATION, PLEASE CONTACT

Gungnir Resources Inc. #404-1688 152nd StreetSurrey, BC CanadaV4A 4N2T: +1-604-683-0484F: +1-604-683-7497

Jari Paakki, CEOE: jpaakki@eastlink.ca

Chris Robbins, CFOE: robbinscr@shaw.ca

Or visit www. gungnirresources.com or www.sedar.com

Contacts & Share Structure

(Unaudited as of Sept 30, 2017): GUG.V

• Shares Outstanding 63,748,785

• Options: 6,300,000

• Warrants: 17,700,000

• Fully Diluted: 87,748,785

• Management and Directors: ~ 10 %

GUNGNIR