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Aug, 2018

Positioned for Success

Anthony Houston- Interim President and CEO

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Forward-Looking Statement and Disclaimer

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Forward-Looking: This Presentation includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements includeestimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a statedcondition or result to occur. Forward-looking statements may be identified by such terms as “believes,” “anticipates,” “expects,” “estimates,” “may,” “could,” “would,”“will,” or “plan.” Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risksand uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results willmeet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance,prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this presentationincludes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineralresources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actualresults to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineralresources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays inobtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations,other indigenous peoples, and owners of surface rights, uncertainties relating to the availability and costs 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, capital and operating costs varying significantly fromestimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR.Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue relianceshould not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in thedisclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of newinformation, future events or otherwise, other than as required by law.

Cautionary Note to United States Readers Concerning Estimates of “Measured,” “Indicated” and “Inferred Mineral Resources”: This presentation uses the terms“Measured,” “Indicated,” and “Inferred Mineral Resources” in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) DefinitionStandards. United States (US) readers are advised that while such terms are recognized under Canadian securities legislation, the US Securities and Exchange Commissiondoes not recognize these terms. The term “Inferred Mineral Resource” refers to a mineral resource for which quantity and grade or quality can be estimated on the basisof geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. These estimates are based on limited informationand it cannot be assumed that all or any part of an “Inferred Mineral Resource” will be upgraded to a higher classification resource, such as “Indicated” or “Measured,”as a result of continued exploration. Accordingly, an estimate relating to an “Inferred Mineral Resource” is insufficient to allow meaningful application of technical andeconomic parameters or to enable an evaluation of economic viability. Under Canadian securities legislation, estimates of an “Inferred Mineral Resource” may not formthe basis of feasibility or other economic studies. As a result, US readers are cautioned not to assume that all or any part of an “Inferred Mineral Resource” exists, or iseconomically or legally mineable. Readers are also cautioned not to assume that all or any part of “Measured” or “Indicated Mineral Resources” will ever be convertedinto “Mineral Reserves” (being the economically mineable part of an “Indicated” or “Measured”Mineral Resource).

Confidentiality and Disclaimer: The information contained in this presentation is provided by the Parties concerning their respective histories, businesses, propertiesproposed and real transactions, management personnel and capitalizations and is not to be reproduced in whole or in part in any form, electronic or otherwise, orpresented to others, without the express permission from the Company. It is not intended to provide legal, accounting or tax advice and should not be relied upon in thatrespect. No warranty, representation or guarantee with respect to the accuracy, timeliness or completeness of the information is given.

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Board and Senior ManagementBOARD MEMBERS

ANTONY MANINI, BSc, FAusIMM, FSEG —Chairman of the Board and Independent Director• Geologist with +30 years of exploration discovery, mine development,

mine operations, commercial, corporate and capital raising experience.• Founder and CEO of Tigers Realm Group a private incubator company

which has listed TIG-ASX, NXE-TSX and ARS-AIM. All have made major discoveries and are in development or production.

• Co-founder/director of resource private equity firm, EMR Capital

ALAR SOEVER, P Geol. - Independent Director• Thirty-five years of mineral exploration and development plus corporate

restructuring and finance experience• Executive Chairman of Wallbridge Mining

YALE SIMPSON, BApSc — Independent Director• Over 30 years’ experience as a senior geologist, exploration manager

and CEO of companies involved in precious metals projects in Australia, Africa, Eastern Europe and South America.

• Recently Co-Chairman of Exeter Resource Corporation which was acquired by Goldcorp for ~ $247m. Previously Co-Chairman of Extorre Resources, acquired by Yamana Gold for $400m

T. SEAN HARVEY, MA Econ, LLB and MBA Member of Law Society of Ontario - Independent Director• +25 years in Mining sector including 10 years in senior roles in

investment banking with Nesbitt Burns (BMO) and Deutsche Bank.• Formerly President and CEO of TVX Gold prior to sale to Kinross and

President and CEO of Atlantico Gold Corp.• Current director of Victoria Gold Corp, Perseus Mining , Serabi Gold PLC,

Sarama Resources Inc. and Abacus Mining and Exploration.

ZIMI MEKA, B Eng (Mech) Hons, FAusIMM, MAICD, FIEAustIndependent Director • Founder and the MD and CEO of Ausenco, a global provider of

consulting, engineering, project delivery and asset operations services. Over 25 years experience in the design, construction and operation of a wide range of minerals processing plants and infrastructure globally

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STEPHEN HUGHES, BSC (Hons), APGNS-(P.Geo), MAIG, FSEG Independent Director

• Steve has over 20 years technical and management experience in exploration, development and mine geology.

• Previous experience includes 12 years with Freeport at Grasberg and 14 years as VP Exploration with Oxiana, Tigers Realm and Asiamet Resources in Asia

• Lead the acquisition and development of the +500Mt Beutong porphyry Cu-Au deposit and the discovery and development of the BKM Copper and BKZ polymetallic deposits in Indonesia.

SENIOR MANAGEMENT

ANTHONY HOUSTON, BSc. (Geology), MAIG — Interim President and Chief Executive Officer

• Geologist and senior executive with over thirty years mineral exploration, evaluation and development experience covering gold, copper-gold and polymetallic mineral systems

• Between 2009-2015 Head of Exploration for OZ Minerals Limited

JEFFREY ACKERT, BSc. (Geology) — Vice President Business Development, • Over 30 years experience in mineral exploration and mine management• Lac Minerals 1990-1994; Barrick Gold Corp 1994-1996; VP Exploration

and VP Technical Services-Orezone Resources Inc 1996-2007

JOHN MCNEICE, C.A., CPA — Chief Financial Officer• Over 20 years experience in domestic and foreign public companies:

accounting; auditing; management• Led numerous financings, totalling over $100 million

-Recent members to Carube Board and Management

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Positioning for Success –Board and Management

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New board and management combines extensive experience covering:

a) Mineral Exploration and Discoveryb) Mine Development and Operationsc) Project Identification and Joint Venturesd) Mergers and Acquisitionse) Capital Markets and Capital Raisingf) Investor Relations

Direct involvement founding and developing multiple +$100m to +$1Bcompanies including Oxiana, Asiamet, NexGen, Exeter, Extorre, Ausenco

Following a recent $3M capital raising and debt for equity settlementsCarube is now in a sound financial position to pursue its strategyfor creating shareholder value

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Positioning for Success - Portfolio Optimisation

Detailed review of exploration portfolio completed to determine strategy for optimising value of the current asset base and growing the company.

Now advancing a clear execution strategy:

1. Joint Ventures over certain Carube Jamaica assets to reduce exposure to higher risk exploration phase while retaining a significant equity position and operatorship

2. Continue to sole fund stand alone targets where Carube work is highly likely to produce positive results and substantially lift value prior to drilling. Can elect to sole fund or joint venture at drill stage.

3. Lower priority projects to be divested, farmed out or retained where costs are minimal

4. Actively pursue advanced medium to large scale projects that have compelling drill targets and near term resource potential 5

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High quality, medium to large scale Copper and Gold deposits will continue to be our primary focus.

The following deposit types are being actively targeted

1. Porphyry Copper-Gold in the Americas remain a priority

2. Gold only targets i.e. Epithermal Gold, Intrusive Related Gold will be pursued where potential for size criteria are evident and clear targets exist for rapid and decisive evaluation.

3. High value polymetallic targets i.e. VHMS where Copper and Gold occur as the primary metals with associated Zinc, Lead or Silver.

4. Other commodity types will not be dismissed if there is a compelling value proposition and Carube has the requisite skills to advance the opportunity

Positioning for Success - Commodities and Targets

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Carube Copper Corp –Current Status

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Jamaica

Jamaica• Eleven copper-gold licenses; 536 square kilometres of mineral rights covering the best copper-gold

exploration potential on the island• Over $14M spent by OZ Minerals (2013-2016). High quality geophysical, geochemical and drilling

datasets have enabled Carube to attract significant third party joint venture interest.• Currently we are in advanced JV discussion on Bellas Gate area in Jamaica. We have elected to sole fund

exploration on shallow high grade gold targets at the Main Ridge project area. Other projects are being placed on hold and assessed for potential to joint venture

British Columbia• Three copper-gold-molybdenum projects in the Cascade Magmatic Arc in SW British Columbia• Recently completed JV on Rogers Creek project with third party interest still on the other two.

CUC Shareholders

14.7%

11.5%

6.6%67.2%

Officers/Directors

Wallbridge Mining

Tigers Realm Group

Public Float

Shares on Issue

167.7M

Warrants 49.4M (avg. $0.12)

Options 10.4M (avg. $0.09)

RSU & DSU 2.8M

Fully Diluted 226.4M

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Carube Copper Corp –Bellas Gate Copper-Gold Project

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Carube Jamaica - Bellas Gate Copper-Gold Project

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Connors –Classic Cu-Au Porphyry Intrusion - Ore Grade Mineralisation

103.48 % Cu, 2.79gt Au

1.2% Cu, 1.4gt Au

Carube Jamaica - Bellas Gate Copper-Gold Project

1.1% Cu, 0.81gt Au

Provost –Cu-Au in Highly Altered Volcanics - Ore Grade Mineralisation

2.0% Cu 1.43gt Au

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Carube Jamaica - Main Ridge Copper and Gold Project

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Carube Jamaica - Main Ridge Project - Bennett Gold Prospect

• Anomalous gold in soil over 2000 x 800m immediately along strike of Former Pennants Gold Mine

• Pennants Mined 94,000 t at 13.9 g Au/t

• Interpreted to be a series of sub-parallel gold bearing veins and/or stockwork

• Historic drill intercept of 22.9g Au/t over 2.2m

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Note: All listed data is historical, collected over the last 65 years and cannot be fully verified. Carube has reviewed the data and the geological setting and grades obtained at certain localities have been confirmed.

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Carube Jamaica - Main Ridge Project - Bennett Gold Prospect

Typical mineralised quartz-carbonate vein at Pennants

Typical quartz-carbonate veins discovered at Main Ridge.

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• Highly anomalous copper in soils over 2km x 2km coincident with high magnetic response

• Potential for a large porphyry system with Copper +/- Gold mineralised potassic (magnetite) core

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2 km

Carube Jamaica - Main Ridge Project–Orange Hill Copper Prospect

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Carube Copper - British Columbia Projects

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• Mackenzie Property: Recent developments include completion of airborne geophysics, the discovery of Amarc Resources’ IKE Deposit immediately to the north, and the subsequent option of Amarc’s property to HudBay Minerals.

• Rogers Creek: 2015 exploration program identified a large chargeability anomaly immediately north of known mineralization.

• Salal: Previous work has shown potential for significant Mo ± Re ± Ag mineralization.

Three projects 100% Owned by Carube Copper Corp.

Salal Rogers Creek Mackenzie

Giant Copper Deposit: 45.4 Mt @ 0.47% Cu + 0.38 g/t Au + 11.19 g/t AgGlacier Peak Deposit: 1.7 Bt 0.334% Cu + 0.015% Mos2

Margaret Deposit: 523 Mt 0.36% Cu + 0.011% Mo + 0.24 g/t Au

Favourably located in the Cascade Magmatic Arc, a rapidly emerging copper gold porphyry belt in Southwest B.C.

Successful joint venture on Rogers Creek, third party interest on the two other projects.

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Carube Copper –New Projects

• Focussed on securing advanced projects with near term resource potential and exploration upside or projects with compelling company maker targets at or close to drilling stage.

• Market for exploration projects is still subdued and there are many projects available for acquisition or joint venture, however as always projects with quality and scale potential are elusive - patience is required

• Over the past 8 weeks Carube management have completed reviews of

❖ 12 copper projects in South America.

❖ 10 gold only projects in South and Central America.

❖ Ongoing detailed review on two projects continues and further opportunities are being sourced and evaluated daily 16

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Carube Copper – Positioned for Success

Optimise expenditure - Balance risk-reward - Build shareholder value

Current Projects

❖ Joint Venture higher risk - higher cost exploration activitieswhile retaining significant equity exposure to upside

❖ Sole fund where the probability of producing positive resultsand extracting greater value is high.

❖ Lower priority projects to be divested, farmed out or retainedwhere costs are minimal.

New Projects

❖ Aggressive push on securing advanced drill ready and/or nearterm resource targets to add balance to current portfolio.

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THANK YOU

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