NORTHERN SUPERIOR RESOURCES Corporate Presentation · Strategy 9/13/2017 The Board of Directors and...

NORTHERN SUPERIOR RESOURCES

Corporate

Presentation September, 2017

TSXV: SUP/ OTCQB:NSUPF

Safe Harbour Statement

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that

involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When

used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”,

“expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our

current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause

our actual results to differ materially from the statements made, including those factors discussed in filings made by us

with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, occur or

should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from

those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any

obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to

put undue reliance on such forward-looking statements.

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Management

9/13/2017 3

Board

Thomas Morris (President and CEO)

François Perron (Chairman, Audit Committee)

Andrew Farncomb (Chair Audit Committee)

Sidney Himmel (Audit Committee)

John Kiernan

Arthur Murdy

David Beilhartz

Management

Thomas Morris PhD, FGAC, PGeo , ICD.D (President and CEO)

Dan Meldrum MSc., PGeo, (Vice President Exploration)

Dan Rothberg (Corporate Secretary)

Jeannine Webb (Chief Financial Officer)

Roxanne Gélineau (Office Manager)

Technical

Thomas Morris PhD, FGAC, PGeo , ICD.D- Qualified person, all NSR

projects

Ron Avery, PGeo- Qualified person, Croteau Est/ TPK

Matt Sooley, PMP- Technical and field support, all NSR projects, NSR

data base manager

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9/13/2017 4

Corporate

As of September 11th, 2017 Share Price: $ 0.035 Market Cap: $ 11,167,752 Cash Position (June 30th, 2017): $ 5,804,387 (approximate) Debt: None Issued and Outstanding Shares: 319,078,626 Options Outstanding: 17,550,000 Warrants Outstanding: 98,010,000 Compensation Options Outstanding: None


Strategy

9/13/2017

The Board of Directors and Management of Northern Superior have been

working together to chart an exciting path to build value at the Company in

2017.

This involves a two pronged strategy:

1) Drilling Croteau Est to demonstrate the potential of expanding the

current inferred resource estimate; and

2) Evaluating strategies to finance and advance the Ti-pa-haa-kaa-ning

(TPK) project which includes a district scale land package with

the potential to host multiple discoveries.

The new strategy at the Company is supported by several new shareholders as

a result of a financings completed in 2016 and 2017 in addition to a

comprehensive overhaul of the Board of Directors.

This will be a busy year marketing the many exciting initiatives underway to

current and prospective shareholders.

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Croteau Est

Within A Prolific Gold Producing Region

9/13/2017 6

Chapais- Chibougamau (since 1953): 16,395,000 ounces gold (proven and probable) 1,097,469,817 pounds Cu

Croteau Est The Property

9/13/2017 7

Key Advantages:

Availability of highly

prospective, under-

explored ground in an

important gold-

copper camp, Québec;

Obvious geologic

advantages; and

A number of support

advantages.

Inferred Resource


Croteau Est: Understanding the Potential, “Blue- Sky”

9/13/2017 8

Inferred Resource

Opportunity to repeat

the CBSZ

Structural Evolution:

Compression;

D₂ Shearing;

F₂ Folding;

D₄ Faults.


Croteau Est: Understanding the Potential- Inferred Mineral Resource

9/13/2017 9

Central (~ 550m strike by 150m width)

Gold cut- off of 1.0 g/t Au, 11.6

million tonnes, grade 1.7ppm Au;

yielding 640,000 ounces of gold.

Mineralization open along strike (>1.1km)

Mineralization open at depth (>575m)

High grade material modelled,

bottom of hole.

CBSZ

Resource based on only 64 holes/ 20,643m,

all holes <350m, 50m collar spacing:

Upper 50m of data ignored;

Only 2/ 4 high grade shoots included

Modelled the >0.3 g/t Au hosted by the

sheared basalt (M8) unit; and

Dykes or quartz veins, commonly

associated with high gold values

ignored


Croteau Est: Understanding the Potential- The 2017 Core Drill Program

9/13/2017 10

Phase 1: Conclusions from Drill Program?

1) Dealing with a large and varied mineralized

system.

AREA 1:

2) Demonstrated expansion of gold

mineralization east of the Croteau

Fault through the discovery of a

gold- bearing shear structure

(340 m long by 13- 23 m wide, open

to the east).

AREA 2:

3) Discovery of a second gold- bearing structure

associated with the x-cutting Croteau

South Shear Zone and Croteau Fault

(100m wide interval of stock- work

fracturing, shearing and quartz- veining)



9/13/2017 11

Setup, Focus on Defining Continuity of High Grade Shoots and Associated Grade


Plan View: see Northern Superior press release, Nov. 3rd, 2014

• Eleven televiewer surveys completed.

• Provided structural data on the orientation of

quartz veins, mineralized quartz-feldspar

porphyry and intermediate plagioclase

porphyry dykes that frequently host high

grade intercepts.

• Results from this work have clearly indicated

that we are dealing with high grade

shoots that have a shallow dip to the

southeast.

• Gold grade x thickness calculations completed:

The grades hosted by the quartz veins within the CBSZ appear to be much

higher than the grade x thickness values posted for the Windfall deposit

(compare CBSZ grade x thickness values (see Northern Superior press release,

July 5th, 2017) with that seen posted on long sections for the Windfall deposit).


9/13/2017 12

Comparison: Windfall Gold Deposit

Osisko Mining – Quebec

Measured (Nov. 2014): 748,000oz @

8.42 g/t gold

Inferred: 860,000oz @7.62 g/t gold


• The geological setting for Croteau and Windfall is similar, with “I2” and “QFP” dykes in

both deposits, principal (higher grade) ore shoots are arrayed in a subparallel series of

shallow (20- 30°), east dipping shoots.

Difference: CBSZ shoots modelled to only 250m (open at depth), Windfall to 2,000m

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Phase 2: Budget of $1.2 Million

• Phase 2A:

7 infill holes for cumulative meterage of

2,700m;

Each of the holes is to be drilled to the

south at -75°…… with each hole

400-500 m length;

These holes will test 2 or 3 ore lenses at

various vertical depths within the

CBSZ; and

Initiate drilling mid- September,

complete end September 2017.

Phase 2B:

Capital available for 6,000 to 7,000m of core drilling;

Drill plan will be based off results derived from Phase 2A drill program; and

Initiation of Phase 2B set for end October 30th, completion end November, 2017.

Ti-pa-haa-kaa-ning (TPK)

A Remarkable Gold- Silver Copper Opportunity

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An exciting new

regional mineral

play proximal to

an emerging

mineral district-

“Ring of Fire

Area”, north-

western Ontario

Proposed

regional

infrastructure

development:

Roads;

Hydro Corridors;

Railroads; and

Sea Port.

TPK: The Property

9/13/2017 15

Large Property Position (approximately 30 x 20km) enclosing:

Large, district scale gold- bearing system; and

Copper- gold- silver greenstone belt discovery.

First Nation support: EEBA

On- site infrastructure:

Year round camp; and

Trail system.

100% Northern Superior

Partitioning:

TPK portion;

$11.0 million expense

51% interest

HOW DOES A PORTION OF

THIS PROPERTY ATTRACT

SUCH A FINANCIAL

COMMITMENT?


TPK: A UNIQUE GEOLOGICAL FEATURE


A gold grain-in-till dispersal apron, with embedded gold- bearing boulder trains

6 kms

Apron 6km wide

Gold grain counts

from 10kg till

samples, up to

1262 gold grains

TPK: The TPK Component Comparable 2: TMAC Resources

Naartok Deposit, Nunavut


The Naartok dispersal train is large:

Sharply defined train 4.5km long by

1.0km wide; and

1,000 gold grains per 10kg(?)

overburden sample

TPK Apron is almost 6 times wider!

Naartok deposit, measured and indicated

mineral resource of:

6.44 million tonnes at 8.4 g/t gold

1.73 million ounces gold.

Possibility that some of the gold grains may

be derived from undiscovered gold

zones beneath the train

(from TMAC Resources press release, December 22nd, 2016)

TPK: The TPK Component Comparable 1: New Gold

Blackwater Creek, British Columbia

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The Blackwater dispersal train is large:

Sharply defined train 1.3km long by 1.0km

wide; and

10- 641 gold grains per 10kg overburden

sample, background of 0- 5 grains

TPK Apron is almost 6 times wider!

Blackwater has a NI43-101 compliant proven and

probable mineral reserve of:

8.17 Moz gold; and

60.8 Moz silver

in 344 Mt grading 0.74 g/t Au and 5.5 g/t Ag

(Christie et al. 2014).

Sub- crops beneath the till, i.e., the area

exposed to glaciation, deposit measures ~300 x

1000m.

(from Averill, 2015)



TPK: The TPK Component Comparable 1: Agnico Eagle

Meliadine Gold Deposit, Nunavut

The Meliadine dispersal train is large:

Train approximately 18km long by 8.0km wide; and

Approximately 340 (max total) gold grains per 7.2kg overburden sample

TPK Apron is almost 2x wider than the “Discovery Zone”.

Meliadine, proven and

probable reserves

(Dec. 2016):

3.4 million ounces

gold;

14.5 million tonnes at

7.32 g/t gold.

(from Agnico Eagle

website, September

2017).

Diagram: McMartin, 2010

TPK: The TPK Component Mineralized Boulder Trains

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48 g/ t Au

94.21 g/ t Au

41 g/ t Au

See press release, September 15th, 2010


TPK: TPK Component Enclosing an absolutely unique geological feature…

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RC drilling:

An accurate

bedrock map; and

Eight excellent drill

targets-

distribution and

concentration of

gold grains.

Only two targets drilled, # 1 and 3 and an area west of Target # 2; and

NONE OF THE PRIMARY TARGETS HAVE BEEN DRILLED!


TPK: New Growth Component TPK Component Shear Zone Extension- Defined Targets

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Extension, gold- bearing shear zone:

Distribution of anomalous gold

grains;

Distribution of anomalous till

Arsenic (As) values; and

Interpretation of structure from a

high- resolution airborne

magnetics survey.

Target selection:

Structural interpretation from

proprietary high resolution, airborne

magnetic data; and

14 targets selected.


TPK: Annex Component Discovery- New Mineralized Greenstone Belt

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Keely Lake gold grain-in-till dispersal

corridor (3.5km wide, 10km in length).

Mineralized, large, tabular boulders

returning assay values as high as 727

g/t gold, 111 g/t silver, and 4.05%

copper.

Several high quality targets defined

from geophysics, distribution and

concentration of gold grains and

mineralized boulders.

Copper- Silver- Gold mineralization.


TPK: 2017 Exploration Program, Preliminary Observations


ANNEX

Boulder sampling complete, 189 samples collected and submitted for assay.

Till sampling complete, 290 samples collected and submitted for assay.

TPK: 2017 Exploration Program, Preliminary Observations


TPK Core Logging Interval of mineralized core in hole TPK10-003 un- sampled, representing the up-dip extension of mineralized shear zone identified in TPK10-004 that assayed 25.9g/t gold over 13.5m: demonstrates a much wider shear zone, and potentially broader envelope of gold mineralization, than previously thought. Gold-bearing shear zone, which forms an important control on gold mineralization in this area, is now

determined to be oriented steeply-dipping to the north to vertical Strike of the shear zone now determined to be west, not northwest as previously reported- which led

to the misunderstanding in the actual trend of the gold-bearing structure from discovery hole at TPK10-004.

Intervals in drill core originally logged as fractures are in fact shear zones Boulder sampling complete, 246 boulders collected and submitted for assay

Previous operators positioned drill collar locations not ideally located, centre of gold grain anomaly, should be up- ice. No other data used to assist in effectively positioning holes.


1) Receive, integrate and interpret all boulder assay data from both Annex and TPK into existing boulder data base.

2) Receive, integrate and interpret all till heavy mineral and geochemistry from the Annex area of the property into existing till heavy mineral and geochemical data base.

3) Receive, integrate and interpret assay data from mineralized zone sampled from core TPK10-003.

4) Review geophysical data;

5) Generate new mineral exploration targets from the integration of the various layers of geoscientific data, generated from this summers exploration program.

TPK: Next Steps

NORTHERN SUPERIOR RESOURCES Corporate Presentation · Strategy 9/13/2017 The Board of Directors and...

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