Norden Crown Metals : Corporate Presentation (October 2020)

DISCLAIMER

FORWAD LOOKING STATEMENTS

This presentation contains certain statements that may be deemed "forward‐looking statements". Forward‐looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Norden Crown Metals Corp. believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward‐looking statements. Such material risks and uncertainties include, but are not limited to, Norden Crown Metals Corp.'s ability to raise sufficient capital to fund its obligations under its property option agreements, to maintain its mineral tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the ability of Norden Crown Metals Corp. to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to Norden Crown Metals Corp.'s plans and business objectives for the projects; the general ability of Norden Crown Metals Corp. to drill test its projects and find mineral resources; if any mineral resources are discovered or acquired, the Company's ability to monetize any such mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations. Forward‐looking statements are based on the reasonable beliefs, estimates and opinions of Norden Crown Metals Corp.'s management on the date the statements are made. Except as required by law, Norden Crown Metals Corp. undertakes no obligation to update these forward‐looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

QUALIFIED PERSON

The content of this presentation has been read and approved by Eric Jensen, PhD, Senior Geologist and a director of Norden Crown Metals Corp. Mr. Jensen is a Qualified Person as defined by National Instrument 43‐101 Standards of Disclosure for Mineral Projects. Please see footnotes at bottoms of slides with technical information for disclaimer information.

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HIGHLIGHTS	Diversified portfolio with bonanza grade silver
exploration potential
	Scandinavia - stable, low risk jurisdiction
	Surrounded by active and historical mines with
	potential for rapid resource development
	Experienced and accomplished management team
	Strategic Partners - Boliden Minerals AB
	(Stockholm:BOL) & EMX Royalty Corp (NYSE:EMX)

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EXPLORATION PORTFOLIO

Burfjord

BOLIDEN JOINT

VENTURE

Gumsberg

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MILESTONES

2017

2018

2016

2019

CORPORATE

FRANKFURT

LIST ON TSXV

SWEDISH DIRECTOR

OTC

LISTING

Thomas Söderqvist (Boliden)

LISTING

FINANCINGS

$630,000

$1,100,000

$4,600,000

$1,600,000

EXPLORATION

METAL PROJECTS

PROGRAM 1

PROGRAM 2 & 3

ACQUIRE BASE

GUMSBERG DRILL

GUMSBERG DRILL

BURFJORD DRILL

PROGRAM 1

2020		2021
SECURED
JOINT VENTURE
STRATEGIC
BURFJORD PROJECT
PARTNERSHIP
WITH BOLIDEN
WITH BOLIDEN

$2,600,000

GUMSBERG DRILL		SKYTEM
PROGRAM 4		GUMSBERG

BURFJORD DRILL

PROGRAM 2

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SHARE INFORMATION

Share Performance*	Share Ownership

Public Float

38%

Capital Structure

Share Outstanding		Market Capitalization*
133 M		$14.6 M

* As at October 6, 2020

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BOARD OF DIRECTORS

Patricio Varas, PGeo - Executive Chairman &CEO

Professional Geoscientist with over 30 years experience in exploration, project development and corporate management. Mr. Varas has worked at operating mines, exploration projects (concept inception to discovery), feasibility studies of world class deposits and mine development. Patricio founded and led Western Potash Corp. as its President and CEO, where his team discovered and developed the Milestone Potash deposit in Saskatchewan. In difficult financing markets, they raised over $240 Million for Milestone, where a change of control transaction was delivered in 2016. Mr. Varas was instrumental in the discovery of the Santo Domingo Sur deposit in Chile with Far West Mining and part of the discovery team for the Diavik Diamond mine as a project manager while at Kennecott Canada Inc.

Eric Jensen, PhD - Director

Over 20 years of industry experience including positions as mine geologist, mine-site exploration geologist, grassroots exploration geologist, and consultant to several major mining companies. He is a co-founder of Bronco Creek Exploration and has served as Chief Geologist and General Manager of Exploration for EMX Royalty Corp (formerly Eurasian Minerals).

David Reid - Director

Senior partner and Global Co-Chair of Mining with DLA Piper (Canada) LLP with over 30 years of experience in mining and securities law, including over $2 billion in corporate finance and M&A transactions since 2011. Mr. Reid is recognized by Lexpert as a Leading Canadian Lawyer in Global Mining, David led a team in connection with a transaction awarded Mining Deal of the Year by Canadian Dealmakers in 2012 and has served on the board of several TSX, NYSE and TSXV resource companies, including Far West Mining Ltd. (acquired in 2011 by Capstone Mining Corp. in a $1.1 billion M&A transaction).

Thomas Söderqvist - Director

Mr. Söderqvist is a mining professional with over 40 years' of experience in the industry. He started his career in mining at age 18 with the Swedish mining company Boliden as an underground miner. After studies, he continued with Boliden and worked his way up to the position of underground manager. He joined Sandvik and participated actively in Sandvik's acquisition of Tamrock, which formed a new global equipment company in hard rock

mining. During the Sandvik years, he spent five years managing the Canadian operations based out of Sudbury, Ontario. He then managed Sandvik's mining and construction business in northern, central and eastern Europe for six years and was promoted to Senior Vice President for Sandvik Mining and Construction. Mr. Södervqist re-joined Boliden in 2012 as the General Manager of the Skelleftea field mines, and after four years was promoted to Senior Vice President of Boliden based in Stockholm.

Jon Sherron - Director

Mr. Sherron has more than 20 years of senior management experience and is based in Vancouver, BC, Canada. He serves on the board of several private and public companies and brings an excellent knowledge of the function of corporate governance.

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MANAGEMENT

David Thornley-Hall - VP Corporate Development

David Thornley-Hall is a senior executive with 25 years of diversified experience in the mineral exploration, mining and finance industries. Previously David spent 8 years with Western Potash Corp., most recently as Executive Vice President and Corporate Secretary. He was a leading member of the Commercial Team at Western Potash Corp., responsible for securing over $110 Million in strategic equity investment in two separate transactions.

Alexandra Woodyer Sherron - CFO

Alexandra has over 20 years of management experience in the mining industry. Alexandra started at PricewaterhouseCoopers before joining Endeavour Financial, a global mining finance advisory firm. During her investment banking career in London, she was Director Structured Financing and involved in the successful completion of over US$1.5 billion in financings for clients including Bema Gold (Kupol Mine), European Minerals (Varvarinskoye Mine), Nevsun Resources (Bisha Mine), Uranium One and Wheaton River Minerals.

Dan MacNeil, MSc, P.Geo - VP Exploration

Precious and base metal specialist with over 16 years of experience with continental- scale project generation to in-mine resource expansion, in a wide variety of geological settings throughout the Americas and Eastern Europe. Expertise include exploration strategy, target and opportunity identification, district entry strategy, business development, strategic evaluation of geologic terranes, and execution of target testing.

David Maher - Technical Advisor

Over 26 years of mineral exploration and mine geology experience in Arizona and Nevada. David has worked in copper exploration and mine modeling with Magma Copper Co, BHP, and other companies in Arizona, Nevada, and Mexico. David joined Bronco Creek Exploration in December 2007, and EMX Royalty Corp (formerly Eurasian Minerals) in 2010.

Rodney Allen - Technical Advisor

Economic geologist with 39 years of experience in mineral exploration and geological research of complex ancient volcanic regions. He has carried out assignments for over 50 mining and mineral exploration companies, universities and government agencies in Australia, Europe, Canada, Turkey and Japan. He was Manager, Geology Research and Development for the Boliden Group, in Sweden for 10 years and is currently Consultant Geologist and CEO for Volcanic Resources. Mr. Allen's geological interpretations were instrumental in the discovery of zinc-lead-copper-silver-gold ore bodies worth over $33 billion at Garpenberg and Renström in Sweden and Rosebery in Australia.

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SILVER USES

GROWING IN

EVERYDAY LIFE

Electrification is a critical part of the green revolution and move towards sustainability.

Silver is critical for use in:

• Solar panels
• Wind turbines
• Electric & hybrid vehicles (engines and battery packs)

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FIVE YEAR SILVER PRICE

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SCANDINAVIA

World's Top Jurisdictions

• Stable mineral tenure, low regulatory risk, easy/fast permitting
• Low corporate tax rates: Norway 27%, Sweden 22%, Finland 20%
• Supportive local communities with mining cultures and heritage
• Highly supportive government agencies
• Scandinavia is ranked consistently high in the Fraser Institute Annual Survey of mining companies.

Excellent Infrastructure

• Six smelters in region, deep water ports near all projects
• Excellent road and rail systems provide easy access
• All projects within two-hour drive of major airports
• Low cost, abundantly available industrial power (0.03-0.095 €/kWh)

World Class Mining Districts

• Bergslagen - VMS, CRD, IOCG, SEDEX; Garpenberg (Boliden) and Zinkgruvan (Lundin) mines
• Norrbotten (IOCG, IOA, Porphyry Cu-Au; Aitik, Malmberget and Kiruna mines)

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GUMSBERG - Silver & Zinc

• Extensive historical mining dating from the 1300s; shallow workings and recent drilling confirm significant new potential
• High grade silver and zinc mineralization with gold and lead; demonstrated in surface outcrops and recent drilling
• Brownfield exploration, located between world class Falun (historical producer) and Garpenberg (Boliden) deposits
• Excellent infrastructure, 200 km north west of Stockholm in the Bergslagen District, 3 kms from paved highway

PROSPECTS	TARGETS
• Östra Silvberg (Phase 2 Drilling)
•	Vallberget (Step Out Drilling)	5
•	Loberget (Step Out Drilling)

• Fredricksson (Phase 1 Drilling)
• Gumsberg West (Proposed VTEM)

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GUMSBERG: THE BERGSLAGEN DISTRICT

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GUMSBERG: TARGET AREAS & HISTORIC PRODUCTION

Östra Silvberg

Loberget

Vallberget

Fredriksson Gruva

	LEGEND
(!	COPPER
(! LEAD-ZINC(SILVER-COPPER)
(!	IRON SULPHIDES

MAJOR ROAD

SECONDARY ROAD

POWER LINE

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GUMSBERG: ÖSTRA SILVBERG

OPPORTUNITY / EXPLORATION POTENTIAL

• Silver and gold enriched base metal mineralization.
• Discovery of new ore body through drilling in 2018/2019 near historical mine workings.
• Significant Silver mine/producer historically, only five shallow holes drilled in the mine area during the past few decades.
• Norden Crown drilling confirms high grade silver and zinc mineralization found at depth and peripheral to the old mine. Historic drilling tested only shallow mineralization.
• Mineralization remains open along trend at at depth. Deepest mine levels ended in ore.

DRILL RESULTS

Hole	From	To	Length	Ag	Au	Zn	Pb	Ag EQ
ID	Meters	Meters	Meters	(g/t)	(g/t)	(%)	(%)	(g/t)
BM‐17‐005	122.30	133.24	10.94	656.70	0.80	17.00	8.52	1578.14
Including	122.30	127.45	5.15	1172.00	1.10	30.60	14.90	2788.58
BM‐17‐005	155.43	161.00	5.57	288.70	0.90	9.04	3.59	793.77
BM‐17‐012	332.00	339.00	7.00	12.20	0.20	1.56	0.85	109.75
GUM‐18‐003	105.00	116.00	11.00	239.00	1.00	5.99	2.51	612.68
Including	105.00	108.00	3.00	386.00	2.30	5.71	2.30	857.44
and	109.65	111.10	1.45	666.50	1.70	24.50	9.37	1960.55
and	113.00	114.00	1.00	222.00	0.70	4.73	2.83	533.07
and	114.80	116.00	1.20	227.00	0.30	6.96	3.49	601.89
GUM‐18‐004	162.16	173.17	11.01	275.10	0.80	7.45	2.65	687.76
Including	162.16	164.18	2.02	313.00	0.80	11.10	3.61	884.04
and	165.28	166.18	0.90	403.00	1.20	8.93	3.62	931.21
and	165.28	168.50	3.22	343.40	1.50	8.57	3.68	886.58
and	169.45	172.25	2.80	429.10	0.70	11.10	3.25	981.27
GUM‐18‐06	210.84	223.44	12.60	18.53	0.10	6.73	1.99	325.47
GUM‐18‐07	103.58	104.75	1.17	32.00	0.40	2.67	1.27	198.81
GUM‐18‐08	190.75	196.40	5.65	289.30	1.10	8.75	4.67	831.79
GUM‐18‐09	105.02	105.94	0.92	32.80	0.20	3.98	0.94	219.99

Silver Equivalent is calculated based on 100% recoveries and incorporates the following metal prices: USD $1,750 Gold, USD$ 20.00 Silver, USD 0.82 Lead and 1.05 Zinc.

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GUMSBERG: ÖSTRA SILVBERG - PLAN AND SECTION

PLAN SECTION

B‐B' CROSSS SECTION

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GUMSBERG: VALLBERGET-LOBERGET

OPPORTUNITY / EXPLORATION POTENTIAL

• High-gradeprecious metal enriched base metal mineralization intercepted during 2017 and 2018 by Norden Crown
• Drilling intercepted several mineralized horizons extending three kms +
• Zinc, lead, copper and silver massive sulphide deposits along the trend
• Shallow historical drill testing not exceeding 100m
• Potential for discovery of new mineralization remains at depth and along trend
• Geophysical anomalies indicate geological continuity under cover
• 2016 Drilling by EMX Royalty:
• • 2.8 meters of 17.9% Zn, 6.9% Pb, 0.5% Cu, and 68.9 g/t Ag (GB16-2)
  • 3.0 meters of 9.2% Zn, 3.0% Pb, and 12.8 g/t Ag (GB16-5)
• Shallow (1930's era) drilling highlights:
• • 9.8m @ 22.9% Zn; 0.7% Pb (78.70 - 88.50m)
  • 3.7m @17.1% Zn; 1.9% Pb (57.5 - 61.2m)

DRILL RESULTS - 2017/2018

Hole	From	To	Length	Ag	Au	Zn	Pb	Cu	Ag Eq
Meters	Meters	Meters	Meters	g/t	g/t	%	%	%	g/t
BM‐17‐001	101.30	104.40	3.10	32.34	0.16	10.97	2.25	0.39	480.52
BM‐17‐002	92.30	94.20	1.90	51.75	0.34	13.55	5.23	0.27	670.33
BM‐17‐006	14.88	19.95	5.07	9.25	0.02	3.00	0.96	0.06	138.02
BM‐17‐011	53.50	56.65	3.15	11.69	0.19	3.03	0.62	0.44	152.59
BM‐17‐011	130.50	136.20	6.70	11.14	0.00	7.01	0.44	0.10	266.85

Silver Equivalent is calculated based on 100% recoveries and incorporates the following metal prices: USD $1,750 Gold, USD$ 20.00Silver, USD 0.82 Lead, 3.05 Copper and 1.05 Zinc.

Vallberget Mine Workings

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GUMSBERG: FREDRIKSSON GRUVAN (Fredriksson Mine)

OPPORTUNITY / EXPLORATION POTENTIAL

• High-gradeprecious metal enriched base metal mineralization identified by LKAB Prospektering AB (PAB; 1976) and acquired by Statsgruvor (ABS; 1977‐79)
• Test mining in 1978 of 21,500 tonnes with a grade of 5.13% zinc, 1.7% lead, 53 g/t silver
• Undergroud mining (4 levels) in 1978‐79 produced 45,000 tonnes of ore with an average grade of 5.77% zinc, 1.84% lead and 49 g/t silver
• Norden Crown is actively exploring the project (surficial geochemistry) and historical data compilation
• Potential for discovery of new mineralization at depth and along trend
• Phase 1 drilling planned for Q4 2020

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BURFJORD JV PROJECT (BOLIDEN) ‐ Copper & Gold

JOINT VENTURE KEY TERMS

• Boliden may earn a 51% interest in the Project by incurring US$6M on exploration and development of the Project over four years
• Boliden may earn an additional 29% interest in the Project by solely funding further advancement work through the delivery of a NI 43‐101 and PERC compliant feasibility study
• Norden Crown will be the initial operator of the Burfjord Project

2019 Norden Crown Drilling

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BURFJORD: EXPLORATION SUMMARY

KEY ECONOMIC GEOLOGY

• Six exploration licenses totaling 5,500 hectares in the Kåfjord Copper Belt near Alta, Norway
• Historical drilling on the project intersected 7.00 meters @ 3.6% Cu1
• Norden Crown drilled seven holes in 2018/2019 intersecting 32.0 meters @ 0.56% Cu and 0.26 g/t Au including 3.46 meters 4.31% Cu and 2.22 g/t Au
• Project is centered on a 4 by 6 kilometer anticline with an intense iron‐carbonate‐albite alteration footprint and numerous copper‐gold showings consistent with Iron‐Oxide Copper Gold deposits.

1 Source: NGU Deposit Factsheet, Deposit Area 1943‐010, 1997. Norden Crown property reviews have confirmed the geologic setting and occurrence of mineralization on the Project and considers the historic exploration data to be relevant as reported in public disclosures and government reports.

Bergmark Prospect, Burfjord Project, Norway

Copper mineralization (chalcopyrite-bornite)

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PLANNED EXPLORATION PROGRAMS

PLANNED Q4 2020 - EXPLORATION PROGRAMS Östra Silvberg: 2,500 metres drilling; 8 holes Fredriksson Gruvan: 1,000 metres drilling; 8 holes Burfjord: Geological mapping, sampling and prospecting Burfjord: Magnetic and electromagnetic geophysics Burfjord: 5,000 - 7,000 meters drilling

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SUMMARY	Diversified portfolio with massive exploration potential
	Scandinavia - great, low risk jurisdiction
	Ongoing fall and winter exploration programs
	Surrounded by active and historical mines with potential for rapid
	resource development
	Experienced and accomplished management team
	Strategic partners - Boliden Minerals AB & EMX Royalty Corp

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FOR MORE INFORMATION, PLEASE CONTACT:

Patricio Varas +1.604.831.9306 [e-mail]

Owen King +1.604.618.1835 [e-mail]