May 2017 Corporate Presentation - Altamira Gold · Galopeira and Medeiro both of which are open along strike • 25 previous drill holes totaling 2,256m drilled previously targeting

May 2017Corporate Presentation

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Forward-Looking Statement

The material presented herein is private and confidential. The contents are not to be reproduced or distributed toany third party, including the public or press.

Certain statements contained in this presentation constitute forward-looking statements. These statements relate tofuture events or the Corporation's future performance, business prospects or opportunities. All statements otherthan statements of historical fact may be forward-looking statements. Forward-looking statements are often, butnot always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect,"may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" andsimilar expressions. These statements involve known and unknown risks, uncertainties and other factors that maycause actual results or events to differ materially from those anticipated in such forward-looking statements. TheCorporation believes that the expectations reflected in those forward-looking statements are reasonable, but noassurance can be given that these expectations will prove to be correct and such forward-looking statementsshould not be unduly relied upon. These statements speak only as of the date specified. The Corporation does notintend, and does not assume any obligation, to update these forward-looking statements.

These forward-looking statements involve risks and uncertainties relating to, among other things, results ofexploration activities, the Corporation's limited experience with development-stage mining operations, uninsuredrisks, regulatory changes, defects in title, availability of materials and equipment, timeliness of governmentapprovals, changes in commodity and, particularly, gold prices, actual performance of facilities, equipment andprocesses relative to specifications and expectations and unanticipated environmental impacts on operations.Actual results may differ materially from those expressed or implied by such forward-looking statements.

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Experienced management team – 4 gold discoveries in Brazil with NI 43-101 compliant resources, Cajuiero, Coringa, Cuiu Cuiu and Tocantinzinho. Ex-Magellan, Serabi Mining

12 license areas which are 100% owned comprising +200,000ha in prolific Juruena gold belt (7-10Moz of artisanal gold production)

Advanced Cajueiro project has a NI 43-101 resource of Indicated Resources of 214,000oz Au and Inferred Resources of 282,000oz Au and an additional 78,400oz at 1.78 g/t Au in oxides (as saprolite). Numerous untested gold-in-soil anomalies. Trial mining permit in place

36.8M shares issued. Recently raised +$2.9M (Feb - April 2017) in order to expand Cajuiero deposits and test high grade Crepori target

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Summary

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Kyler Hardy – Chairman, Director16 years in the resource sector as an entrepreneur & executive. Experience in operating remote &logistically complex exploration projects. Successful in building early stage businesses.

Alan Carter (PhD) – President & CEO, Director30 years experience. Ex-Rio Tinto and BHP Billiton. Founder of Magellan Minerals (recently acquiredby Anfield Gold). Director: Anfield Gold, Peregrine Diamonds, Cabral Gold.

Michael O’Brien - CFOChartered Accountant, +20 years experience including 9 years of experience as CFO of TSX and TSXV-listed junior mining companies, including Golden Predator Mining Corp.

Sèrgio Amaro Aquino - General Manager, Brazil+35 years of experience in Brazilian mining sector. Proven track record. Co-founded Sarabi Gold Plc and was responsible for construction of Palito underground mine.

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Management



Michael Bennett – DirectorGeologist, +30 years mining experience (23yrs in South America, Brazilian resident). Directly responsible for Cajueiro, Coringa, and Puquio North gold discoveries (Brazil & Bolivia).

Chris Harris – DirectorChartered accountant. Former CEO Altamira Gold and Alta Floresta Gold. 30 years in energy, commodity trading and mining finance (Ernst & Young, CIBC, Enron UK, BHP Billiton)

Ioannis (Yannis) Tsitos – DirectorCurrently President and Director of Goldsource Mines. Over 26 years experience in the miningindustry, spent 19 years with BHP Billiton. Physicist-geophysicist, has been instrumental inidentification, negotiation and execution of numerous agreements with juniors, majors etc.

Ian Talbot – DirectorCurrently President, CEO and Director of Arcus Development Group. Over 25 years experience in the mineral exploration industry as both a lawyer and an exploration geologist. Geologist – worked with both junior and major resource companies. Lawyer – practiced exclusively in areas of mining and securities law in private practice and as in-house counsel with BHP Billiton World Exploration.

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Board of Directors



$0.30 cents/share

Toronto Stock Exchange Venture (Canada):

ALTAFrankfurt Stock Exchange (Germany):

T6UPUSA Listing – Pink Market:

EQTRF

Shares O/S 38.5MWarrants 20.6MOptions 3.3MFully Diluted 62.4MMarket Cap. $11.11MInsider Position +13.5%

Chart from December 28, 2016 – May 9th, 2017

Share Structure

Ticker Symbols

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Current Price

Corporate Structure



Significant historic small scale gold production from Alta Floresta district of 7-10Moz. Two deposits identified thus far

First phase drilling completed on 4 projects; Cajueiro, Colider, Carlinder, Novo Canaa

Regional Location

Cajueiro

Crepori

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• Land use is mainly for cattle ranches

• Extensive network of power lines and roads

• Hydro project in construction near Cajueiro. Potential for direct power within 1-2 years

• Daily flights to Alta Floresta on Azul Airlines and connections to Sao Paolo

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Infrastructure



• 39,053 Ha project with mining licenses granted. 13,301m of previous drilling and 94 drill holes. 85% of gold-in-soil anomalies remain untested.

• NI 43-101 compliant resource based on 11,292m of drilling – Indicated 214,000oz Au at 0.771 g/t; and an Inferred 282,000oz Au at 0.804 g/t (of which 78,400oz Au at 1.775 g/t in the oxide saprolite domain)

• Historic surface gold workings produced +250,000oz Au. Soil sampling has identified 10 gold anomalies of which 4 have been only partially drill tested

• Metallurgical testing proved an up to 96.2% recovery rate from a CIL processing plant

Mineralized drill core from Crente zone (CJO_095 @ 37.7m. Interval from 37.0 to

38.0m averages 8.2g/t Au

Cajueiro Project



Inferred Tonnes(Mt)

Grade (g/t)

Contained Auoz

Crente 5.83 0.63 118,000

Baldo 1.32 0.78 33,000

Matrincha 1.60 0.80 41,000

Marines 0.79 0.47 12,000

Total 9.53 0.66 204,000

Inferred Tonnes(Mt)

Grade (g/t)

Contained Auoz

Crente 0.36 1.56 18,000

Baldo 0.31 3.03 30,000

Matrincha 0.16 2.72 14,000

Marines 0.53 0.98 17,000

Total 1.37 1.61 79,000

Indicated Tonnes(Mt)

Grade (g/t)

Contained Auoz

Crente 8.64 0.78 214,000

Total 8.64 0.78 214,000

Sulphides Oxides

Source, M.Claiborne Newton ,March 24 ,2016. NI 43-101 Technical Report on Resources, Cajueiro Project States of Mato Grosso and Para, Brazil. GustavssonAssociates LLC.

Mineral resources are not mineral reserves and do not demonstrate economic viability. There is no certainty that all or any part of the mineral resource will be converted to mineral reserves. Quantity and grade are estimates and are rounded to reflect the fact that the resource estimate is an approximation

The estimate considered a gold price of $1,250 per ounce and a cut-off grade of 0.3g/t gold

Cajueiro Resource



Sossego

Cajuerio Sul

Crente

Baldo

Maria Bonita

Tavares Norte

Marines

Matrincha

Novo Sonho

Morro Verde

• Existing Resources are largely confined to Crente, Baldo and Marines zones

• Approximately 85% of the currently known soil anomalies are untested by drilling

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Cajueiro Drill Targets


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Crente

Baldo

Tavares Norte

Marines

Matrincha

Morro Verde

Cajueiro Central Area



• Metalurgical testing conducted by TestworkDesenvolvimento de Processo Ltda (Testwork) in 2016 returned gold recovery rates of 93.7% to 96.2% from cyanide leaching

• Altamira has a permit to mine at Cajueirothrough a Trial Mining License which has been granted. Environmental permits are pending and are expected during 2017

• An opportunity exists to develop a 600 tons per day CIL processing plant on site

• Altamira is planning to complete a Preliminary Economic Assessment during early 2018

Previous small scale alluvial mining at Cajueiro

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Cajueiro – Potential for Production


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Other Projects - Crepori


TocantinzinhoEldorado Gold

Cuiu CuiuCabral Gold

Sao Jorge Gold Mining

Sao Chico Serabi Gold

PalitoSerabi Gold

CreproriAltamira Gold


• 8,323 ha with historical small scale production

• Good access. Located 105 km SSW of Eldorado Gold’s TZ project, expected to produce 170,000oz / year

• Small-scale historical mining was conducted along two gold bearing quartz veins, Picarreira and Boiadeiro. The Picarreira vein system is +400m strike and averages 6m in width. No previous drilling

• Of 10 initial samples 5 returned values in excess of 8g/t gold with values up to 39.26 g/t Au at Picarreira, and a spectacular 1022.98 g/t Au at Boiadeiro

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Crepori



• 9,694ha with historical small scale production estimated at 225,000oz of gold

• mineralized veins trending NW-SE in granitic rocks host gold

• 2 main target areas identified; Galopeira and Medeiro both of which are open along strike

• 25 previous drill holes totaling 2,256m drilled previously targeting the bedrock yielded 2m @ 7.2g/t Au, 2.9m @ 14.2g/t Au, & 1.5m @ 17.2g/t

Madeiro zone at Novo Canaa

Badao vein within Galopeira zone returned 2m @ 92.2g/t gold

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Novo Canaa



• Complete additional drill program at Cajueiro project targeting previously untested gold-in-soil anomalies and expand current resource to +1Moz

• Commence PEA at Cajueiro with a view to completing study during Q1 2018

• Complete first phase drill program of Crepori target (veins 6m in width, surface values of +1000g/t gold)

• Identify deals on Canadian gold projects; Tom and Sickle (Au - NWT), Garland (Ni - Newfoundland) and Day (Cu - BC)

Complete re-organization of Board

2017 Objectives



Management - 20 years experience in Brazil. 4 gold discoveries with 43-101 compliant resources, Cajuiero, Coringa, Cuiu Cuiu and TZ. Magellan was acquired by Anfield in May 2016. Carter co-owns 3.5% NSR in Eldorado’s TZ deposit

Assets Advanced Cajueiro project has a NI 43-101 resource of Indicated resources of 214,000oz Au and Inferred resources of 282,000oz Au. Only 10-15% of gold-in-soil anomalies drilled thus far. Trial mining permit in place

Upside - 11 other license areas which are 100% owned comprising +200,000ha in prolific Juruena gold belt (7-10Moz of artesinal gold prod.)

News flow - drilling planned on Cajuiero and Crepori starting Q2 2017

Share structure 38.5M shares issued. 62.4M on a fully diluted basis of which 20.6M are warrants

Cash +$2.9M (Feb - April 2017) in order to expand Cajuiero resource and test high grade Crepori target

Summary


Documents

May 2017 Corporate Presentation - Altamira Gold · Galopeira and Medeiro both of which are open along strike • 25 previous drill holes totaling 2,256m drilled previously targeting