November 2017

JANUARY 2017

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Forward Looking Statements

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Forward-looking statements or information related to Exploration.

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

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

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

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

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

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

identifying economical reserves are extremely small.

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

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

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

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

DISCLAIMER

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GOLD & DIAMOND DISCOVERIES

▪ Inuit / Indigenous Peoples support & partnerships

▪ Re-discovering gold & diamonds near existing mine infrastructure

▪ Profitable gold & diamond mines in the region

▪ Proven jurisdiction

▪ Mines get permitted & built in Nunavut, Canada

▪ Leveraging previous discoveries and data

▪ New Infrastructure: Grays Bay Port & Road

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THE LAST FRONTIER IN A PROLIFIC JURISDICTION

Nunavut & Northwest Territories, Canada

▪ Indigenous People: settled land claims in Nunavut, partnerships welcome

▪ Under-explored and under-developed

▪ New gold mines and advanced development projects

1. Agnico Eagle Mines spending $1.2 billion at Meadowbank & Meliadine

2. TMAC Resources at Doris Mine

3. Sabina Gold at Back River Gold Project

4. MMG Mining at Izok Zn Cu Project

▪ Diamond mines and advanced development projects

1. Diavik Diamond Mine

2. Ekati Diamond Mine

3. Gahcho Kue Diamond Mine

4. Kennady Diamonds at Kelvin & Faraday Projects

5. Peregrine Diamonds at Chidliak Project

Potential New Infrastructure

▪ Grays Bay Port & Road

▪ Deep water port

▪ All season road

▪ Logistical cost reduced

▪ Access for personnel, equipment, development to production

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INTRODUCTION

30%

10%60%

Share Ownership

Management

Close Associates

Private Investors /Retail

*Approximate share ownership

Share Structure (Nov, 2017)

▪ TSX Venture Exchange: “CEI”, OTCQB: “CYRTF”

▪ Issued & Outstanding: 43,932,615 shares

▪ Market capitalization: ~$5 million

Value Proposition

▪ Re-discovering gold & diamond assets

▪ 100% ownership with low holding costs

▪ Gold & diamond explorer and developer

▪ Projects surrounding existing mines (past producers)

▪ Regional scale opportunities

▪ Nunavut & NWT, Canada: established mining

jurisdiction

▪ No debt with advanced assets

▪ Experienced mining professionals

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CONTWOYTO GOLD PROJECT

Historical IntersectionsF94-01: 5.26m @ 5.25g/t goldF93-12: 3.05m @ 11.58g/t goldF5-84: 20.36 @ 2.21g/t gold

DDH-17CEI-01: 3m @ 18 g/t gold

Historical IntersectionDDH87-13: 4.86m @ 63.09 g/t gold

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

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

Lupin Gold Mine• Past producer of 3.3M gold ounces at 9g/t gold • Infrastructure in place (plant, airstrip, workshops)• Mandalay Resources owned

2017 Ground Grid

HLEM Anomaly

Butterfly Gold Occurrence

+225m Geophysical Anomaly

Remains OPEN

New ClaimsHigh potential gold ground

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CONTWOYTO GOLD PROJECT

Contwoyto Gold Project, Nunavut, Canada

▪ 2018 drill results include DDH-CEI17-01: 18

g/t Au over 3 meters

▪ Located south of the Lupin Gold Mine with all

infrastructure in place

▪ High-grade historical results (DDH87-13:

63.49 g/t Au across 4.86m)

▪ Drill program in progress

▪ Potential for a maiden, high-grade, near

surface gold resource, near existing

infrastructure

▪ Shallow, near surface gold showings

▪ Exploration potential along strike and at

depth

▪ Gold potential along strike of historical

showings

▪ Existing gold deposits and advanced

exploration projects throughout the region

▪ Established and growing gold mining

jurisdiction 2017 Ground Grid

HLEM Anomaly

Dune Gold Occurrence

+225m Geophysical Anomaly

Remains OPEN

Re-discovering high-grade gold occurrences near existing mine infrastructure

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Diamond Projects, Nunavut, Canada

▪ 3 diamond projects covering 1,150km2

in Nunavut, Canada

▪ Projects located near the Jericho

Diamond Mine, infrastructure in place

▪ Diamonds discovered: 2.73 carat (ct),

2.67ct, 1.61ct, 0.49ct, 0.40ct, 0.36ct

▪ High potential assets with good grade

and size

▪ 6 x drill ready kimberlite (diamond)

discovery targets

▪ Potential new diamond discoveries near

existing infrastructure

▪ Existing diamond mines and advanced

projects throughout the region

▪ Established and growing diamond

mining jurisdiction

▪ Targets defined by Kimberlite Indicator

Minerals (KIMs), Diamond Indicatory

Minerals (DIMs) and Geophysics

NEW DISCOVERY DIAMOND TARGETS

Re-discovering diamond ground near existing mine infrastructure

Kimberlite (diamond) Target #1

200m x 125m

Located near the Muskox Kimberlite Pipe

Magnetic High Anomaly

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NEW DISCOVERY KIMBERLITE (DIAMOND) TARGET LOCATIONS

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CRYSTAL VALUE PROPOSITION

Value Proposition

▪ 100% ownership with no earn-in capital required

▪ Gold & diamond bearing ground

▪ Drilling permits granted

▪ Proven and seasoned resource sector professionals

▪ Projects with discoveries and new targets

▪ Projects surrounding existing infrastructure (gold & diamond mines)

▪ Joint venture opportunities

▪ Focused expertise on familiar ground in a proven jurisdiction

▪ Track record of advancing exploration projects through to production scenarios

▪ Anti-dilutive share structure with no debt

Milestones & News Pending

▪ Gold drill results

▪ Diamond chemistry results for kimberlite (diamond) targets

▪ Prominent management additions

▪ Maiden gold resource potential (2018)

▪ Drill test high-priority kimberlite (diamond) targets (2018)

▪ Acquisitions and claims added within the region

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MANAGEMENT & DIRECTORS: MINERAL EXPLORATION EXPERTS

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

▪ +20 years mining experience

▪ Project Management - exploration, development to production expertise

▪ Former engagements: Asanko Gold, Auryn Resources (director), Breakwater Resources, Stantec Mining, HDI Group

Dean Besserer, P. Geol, Technical Advisor

▪ +20 years mining experience

▪ Managed major exploration campaigns

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

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

▪ 25 years mining experience

▪ Expert managing major exploration & development projects

▪ Apex Geoscience, Principal / Sr Partner

Toby Pierce, MBA , Geol, Director

▪ +20 years resource sector experience

▪ 12 years investment banking, finance & operational professional

▪ CEO at Tag Oil Ltd.

John Eren, HBA Economics, Corporate Development

▪ +15 years capital markets & resource sector professional

▪ Marketing & investor relations professional

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

Sean Mager, B. Com, Director

▪ +20 years mining experience

▪ Finance, governance & strategy professional

▪ Former engagements: Alti Plano Minerals (current), North Country Gold, Brilliant Resources

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EXPERIENCED TEAM

✓ Global exploration, development & production experience

✓ Broad range of commodities & deposit types

✓ In-house technical team supported by solid project management

✓ Success through the discovery, development and production cycle

Global jurisdictions with operational experience

Selected work

engagements include:

• DeBeers

• BHP Billiton

• Stornoway Diamonds

• Asanko Gold

• Vale

• Xtrata

• HudBay Minerals

• Shear Minerals

• Auryn Resources

• Breakwater Resources

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DIAMOND & GOLD CORRELATION

Gold & diamond growth potential

Strongly linked commodities

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CONTWOYTO GOLD PROJECT

High-Grade Gold Project

▪ Located near the Lupin Gold Mine, past producer of >3.3 million

gold oz at 9 g/t gold average grade, 1982-2005

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

hurdle rates

▪ At surface mineralization on four gold occurrences

▪ Open at depth, strike and width with new zone potential

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

▪ Potential for new BIF hosted gold discoveries

▪ Opportunities through new exploration techniques

▪ Significant drill intersections include:

DDH 17CEI-02, 4m at 14.43g/t gold (Crystal Exploration)

DDH 17CEI-01, 3.8m at 8.8g/t gold (Crystal Exploration)

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

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

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

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

▪ Historical work at shallow depths near surface

▪ Potential for significant gold ounces

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

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

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

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

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

Elevated KIMs

Lupin Gold MineSabina Gold Project

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LUPIN GOLD MINE & CONTWOYTO GOLD GEOLOGY

Elevated KIMs

Lupin Gold MineSabina Gold Project

Lupin Ore Body▪ Lupin ore body occurs within Archean metasediments of

the central Slave Geologic Province

▪ Gold mineralization hosted along the margins of quartz

veins, faults and fractures related to D3 deformation

within amphibolitic banded iron formation

▪ Quartz veins spatially related to gold mineralization

have distinct sulphide halos

▪ Historic resources did not include the West

Zone South of Shaft (WZSOS), the high grade

M2 Zone, L19 Zone

▪ Additional resource potential at depth

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MUSKOX DIAMOND PROJECT - RESULTS & WORK TO DATE

Muskox Kimberlite Pipe

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

▪ Historically drilled 88 holes totalling more than 13,636m

of kimberlite

▪ Largest diamonds include 2.73ct, 2.67ct and 1.61ct

gemstones

▪ 2016 sample at 1.14 carats per tonne

▪ Large tonnage opportunity, extends below 300m depth

▪ 2017 recovered 0.49ct and 0.40ct diamonds

▪ Gemstone quality: transparent & off-white octahedrons

▪ Geological review, analysis, bulk sample required

Crystal Diamond Projects

▪ Drill ready diamond targets

▪ Future diamond ore feed to the Jericho Diamond Mine

▪ Opportunities for Joint Ventures

Note: Historical results at Muskox were reported by Tahera Diamonds

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

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

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

National Instrument 43-101.

Kimberlite

Unit MKU-A (M2)

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DIAMOND FUNDAMENTALS – DEMAND VERSUS SUPPLY

Strong Fundamentals

▪ Prices increasing since 2004

▪ Growth in diamond demand will

require new mines

▪ Rough diamond demand growth is

at 4-5% annualized rate

▪ Demand - supply gap widens

significantly in 2019

▪ Rough diamond demand fuelled

by US, China & India

▪ No major new mines within the

last 20 years EXCEPT Canada

Diamond Opportunity

▪ Growing demand

▪ Diamond supply shortfall

▪ Project pipeline deficienciesSource: Bain Consulting 2016

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