GOLDSTAR MINERALS inc....Northern Miner v60, n2 (1974) Nelligan 90,990,000 1.02 3,180,667 Iamgold/Vanstar Iamgold press release 2019 Philibert 1,393,042 5.32 238,269 SOQUEM Morin (1993)

TSX-V GDM

Forward-looking statements

Certain information regarding the Company contained herein constitutes forward looking statements within

the meaning of applicable securities laws. Forward-looking statements may include estimates, plans,

expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact.

Although the Company believes that the expectations reflected in such forward-looking statements are

reasonable, it can give no assurance that such expectations will prove to have been correct. The Company

cautions that actual performance will be affected by a number of factors, many of which are beyond the

Company’s control, and that future events and results may vary substantially from what the Company

currently foresees. Discussion of the various factors that may affect future results is contained in the

Company’s Annual Report which is available at www.sedar.com

The Company’s forward-looking statements are expressly qualified in their entirety by this cautionary

statement.

NI 43-101 Qualified Person

Benoit Moreau, P.Eng., President and CEO of the Company and a qualified person pursuant to National

Instrument 43-101, has reviewed and approved the technical and scientific information in this presentation.

Exploring the Caopatina - December 2019 2

http://www.sedar.com/


EXPLORING DIFFERENTLY

➢ Select, explore and develop preferably open pit projects where good access, proximity

to infrastructure and ease of permitting are key to low capital expenditures and

operating costs

➢ Build an exploration strategy in underexplored areas within an active greenstone belt,

focusing on detailed prospecting and structural mapping to quickly define drill targets

USING BEST PRACTICES

➢ Adopt a “hands-on” approach with a dedicated technical team of geologists and mining

engineers

➢ Respect the environment, maintain strong stakeholder relationships and hold people

responsible


CAOPATINA BELT – HOME OF RECENT DISCOVERIES

➢ Nelligan – a 3.2 million ounce of gold resource announced (Iamgold/Vanstar) in 2019

● Gold is in quartz veins and disseminated

➢ Fenton – latest resource statement in 2018 showed continuity at depth

ANCTIL AND NEMENJICHE PROPERTIES OFFER A NEW OPPORTUNITY

➢ 73 claims optioned from Tectonic and 65 claims staked by Goldstar, totaling 138 claims

➢ Historical evidence of gold

● Sediments largely untested for a total of over 6 km strike

● Historical work confirmed presence of both high grade and disseminated gold in drill

core and showings

COST EFFECTIVE EXPLORATION DUE TO LOCATION

➢ Chibougamau-mining friendly

➢ Near infrastructure

➢ Targeting near surface mineralization




Deposit Tonnes g/t Au

Cu (%)

Contained ounces

Owner Reference

Lac James 171,000 2.90 15,944 Ressources Jessie inc./SOQUEM

Schmitt (1999)

Chevrier 4,616,000 1.99 295,332 Genesis Metals Buro and Jean (2010)

ChevrierSouth

8,900,000 1.98 566,560 Genesis Metals Buro and Jean (2010)

Lac Des Vents

14,000 1.88 Larry Desgagné Grenier (1967)

Lac Fenton

420,930 4.82 65,230 Cartier/SOQUEM Chenard (2000)

Lac Meston

1,225,000 6.25 246,154 Ressources Jessie inc./SOQUEM

Northern Miner v60, n2 (1974)

Nelligan 90,990,000 1.02 3,180,667 Iamgold/Vanstar Iamgold press release 2019

Philibert 1,393,042 5.32 238,269 SOQUEM Morin (1993)


ANNOUNCED 43-101 COMPLIANT RESOURCE IN OCTOBER 2019

➢ Open pit constrained 3.2 million ounces, mostly inferred

● 96,990,000 averaging 1.02 g Au/t

➢ Renard Zone discovery – 3 years to drill 56,000 m from discovery to resource

➢ Preliminary metallurgy test show potential of 92% recovery

➢ 2 types of mineralization

● Quartz sulfide vein type

● Zones of disseminated pyrite

➢ Within structural corridor possibly associated with the Guercheville Deformation Zone

and the Druillettes Syncline

(source Iamgold News release October 22, 2019)



Assay results are historical and not 43-101 compliant


➢ Consists of 66 claims for a total of 37 km2 adjacent to SOQUEM to the south

➢ Transected by the Druillettes syncline and within the Guercheville Deformation Corridor

➢ It covers a small surface expression of a syenite intrusion discovered by drilling in 1987

➢ May comprise the possible extension of the 3 km wide Fenton corridor to the north

➢ In contact with a late stage monzodiorite intrusive on its western edge

➢ Limited drilling in 1987 and 1993 of only 21 short holes for 2,852 m

➢ Within 500 m of the syenite, many gold values have been intersected (not 43-101)

● 36.07 g/t Au over 0.90 m near contact syenite-volcanics

● 0.29 g/t Au over 13.8 m in the syenite

● 5 intersections greater than 1.0 g/t Au over 0.30 m in the volcanics

➢ Two types of mineralization found

● Quartz sulfide vein type

● Zones of disseminated pyrite



➢ Ubiquitous presence of graphite in the sediments limits the usefulness of geophysics,

especially for locating conductors

➢ Preliminary observations suggest a high outcrop density in a mostly unexplored property

area

➢ A high-priority target zone of 5 km2 was defined, encompassing the Druillettes syncline,

the inferred Fenton corridor and the syenite:

● Detailed outcrop sampling over 25 m grid line spacing

● Thorough structural measurements

● Emphasis on the metamorphic grade, indicating proximity to an intrusive body

● Soil sampling to be considered in lower outcrop density areas

➢ Good access to simplify logistics and speed up prospecting execution time

➢ The high-priority target zone to be expanded and/or modified according to field work

preliminary results

➢ Considering a second priority area on the Property’s western edge




➢ Consists of 72 claims for a total of 40 km2, 15 km east of the Vanstar/Iamgold Nelligan

gold deposit

➢ Early stage project with no historical drilling in a higher grade metamorphic

environment

➢ Transected by the Druillettes syncline

➢ Similar magnetic signature to the Nelligan deposit

➢ Multi gram grab sample (5.82 g/t Au – not 43-101) found in the area confirms the

potential for gold

➢ A high-priority target zone of 6 km2 comprising the Druillettes syncline

➢ Initial exploration effort focused on detailed prospecting and systematic outcrop

sampling

➢ Exploration program size subject to available funds and progress on the Anctil Property


PHASE 1 (BUDGET UP TO $200,000)

➢ Compilation of historical data and available information (Anctil and Nemenjiche)

➢ Field work preparation


➢ Detailed Prospecting and soil sampling (Priority to Anctil)

➢ Drill target identification


➢ Drilling 2,000 to 3,000 metres (Anctil)

BOARD


BENOIT

MOREAU

35 years of mining and mineral exploration expertise

STEVE BUTRENCHUCK

Geologist with decades of

experience in junior

exploration from Manager to CEO

DAVID

CREVIER

Lawyer, active in the junior

mining space for over

30 years

FRANCOIS PERRON

20 years in the junior resource space, finance,

CEO of exploration and

operating companies

JONATHAN FEDERICO

10 years in the junior mining industry as an

assistant controller

ERCAN UGUR

35 years of experience in

management in

the junior mining

industry as controller and

CFO

MATHIEU SEGUIN

15 years in the junior mining

space, brokerage and

finance


As at September 30, 2019

Shares 113.2 million 53% held by insiders

Warrants 12.1 million At $0.05 maturing in 2020 and 2021

Options 9.3 million At $0.10

TSX-V GDM

Contact

• Benoit Moreau, President and [email protected]

514-228-3965

• François Perron, VP Corporate [email protected]

416-312-4811

• Websitewww.goldstarminerals.com



OPTION AGREEMENT WITH RESSOURCES TECTONIC INC. (73 CLAIMS)

➢ Total cash payment of $570,000:

● $50,000 cash payment on February 15, 2020

● $100,000 cash payment on December 10, 2020



➢ Total work commitment of $2,200,000

● $300,000 by December 15, 2020

● $700,000 by December 15, 2021

● $1,200,000 by December 15, 2022

➢ 2% NSR that can be purchased for a cash payment of $5,000,000

➢ Both Anctil and Nemenjiche Properties were expanded through claim staking by

Goldstar (an additional 35 and 30 claims on Anctil and Nemenjiche respectively)

Documents

GOLDSTAR MINERALS inc....Northern Miner v60, n2 (1974) Nelligan 90,990,000 1.02 3,180,667 Iamgold/Vanstar Iamgold press release 2019 Philibert 1,393,042 5.32 238,269 SOQUEM Morin (1993)