Inel Zone- KSP Property, Golden Triangle, B.C Mineral Exploration Roundup Building Value Through Discovery

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1 Inel Zone- KSP Property, Golden Triangle, B.C Mineral Exploration Roundup Building Value Through Discovery

2 TSXV: CXO January CAUTIONARY STATEMENT Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of Colorado Resources Ltd. ( Colorado ). This summary may include forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the advancement of mineral exploration, development and operating programs. The words potential, anticipate, forecast, believe, estimate, expect, may, project, plan and similar expressions are intended to be among the statements that identify forward-looking statements. Although Colorado believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. For further information on the nature of such risks and uncertainties, refer to Colorado s Management Discussion and Analysis, a copy of which may be obtained from Colorado s website at or on the SEDAR website at The information contained in this summary was current at the date of publication. Colorado does not warrant or make any representations as to the ongoing accuracy of this information, the validity or completeness of any facts or information contained in this summary. Colorado may revise this information in subsequent publications but does not assume the obligation to update any information. Colorado shall not be liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the reader arising out of the interpretation, reliance upon or other use of the information contained in this summary. This information is not intended to be and should not be construed in any way as part of an offering or solicitation of securities. No securities commission or other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way passed upon the information contained in this summary. *Adjacent Properties This presentation contains information about adjacent properties on which Colorado has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties. Qualified Persons Dr. Jim Oliver Ph.D, P.Geo., Company Chief Geoscientist is the Qualified Person as defined by National Instrument who supervised/reviewed the work program and preparation of the technical data in this presentation. ** Readers are cautioned that the exploration targets at the Company s British Columbia properties are early-stage exploration prospects, conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. ***Historical information contained in this presentation, maps or figures regarding the Company s project or adjacent properties cannot be relied upon as the Company s QP, as defined under NI has not prepared nor verified the historical information.

3 TSX.V: CXO January CORPORATE OVERVIEW Company Highlights Geologically focused and technically skilled management and board with excellent track record of success All active projects are in safe, stable, pro-development regions with good infrastructure Largest landholding of any junior explorer in the Golden Triangle Recent option agreement of past producing Carlin Gold project in Nevada North ROK KSP IPO November 2010 Stock Exchange and Symbol TSX.V: CXO Green Springs Nevada Shares Outstanding: 80,849,232 Share Price: $0.25 (Jan 19, 17) Market Capital: $20.21 M (Jan 19, 17) Working Capital: $3.55 M (Sep 30, 16)

4 TSXV: CXO January

5 TSXV: CXO January INFRASTRUCTURE NORTHWESTERN BC* ⁸ ⁷

6 TSXV: CXO January KSM TO SNIP AREA* HEART OF THE GOLDEN TRIANGLE Snip Mine Recovered 1M oz Au 390,000 oz Ag ³ Eskay Creek Recovered: 3.27M oz Au, 158.6M oz Ag ³ KSM M&I: 2,779.9M 0.21% Cu, 0.550g/t Au ³ BruceJack M&I: 15.3M 17.6g/t Au, 14.3g/t Ag ³ Snowfield M&I: 1,370.0m 0.59g/t Au, 1.72g/t Ag, 0.10% Cu, 85.5 ppm Moly, 0.51 ppm Rhen ³ ⁹

7 KSP PROPERTY 305 KM SQ AREA TSXV: CXO January ⁴⁵

8 TSXV: CXO January INEL & KHYBER PASS GOLD SOIL ANOMALY ZONES¹ ² Inel to Khyber Pass 10 km ² area Triassic Stuhini Group and Jurassic Hazelton Volcanics and sediments intruded by Mitchell Age Intrusions Outlined 10 gold in soil anomaly zones at Inel and Khyber In 2016, Colorado drilled 53 holes in two of the 10 zones 51 holes at Drill Zone Target 2 Holes at Inel Ridge Target High grade gold intercepts and significant broad intercepts confirmed soil anomaly Limited drilling in Khyber Pass area from 2014 KSP returned 34.0m of 2.98 g/t Au including g/t Au over 2.4 m Mineralization is not restricted to volcanic - sediment contact Big Bowl Target (16Ha) 98 Soil Samples averaging 0.66 g/t Au Western Slopes Target (17 Ha) 90 Soil Samples averaging 0.86 g/t Au Zinc Knob Target (8 Ha) 50 Soil Samples averaging 1.07 g/t Au Khyber Pass West (5Ha) 56 Soil Samples averaging 0.73g/t Au Inel Khyber Pass Khyber Pass South (15 Ha) 533 Soil Samples averaging 0.88 g/t Au North AK Target (18 Ha) 67 Soil Samples averaging 2.91 g/t Au Drill Zone Target (15 Ha) 111 Soil Samples averaging 0.92 g/t Au West Discovery Target (16 Ha) 101 Soil Samples averaging 1.38 g/t Au Khyber Pass North (18 Ha) 531 Soil Samples averaging 1.07 g/t Au Inel Ridge Target (11Ha) 91 Soil Samples averaging 2.25g/t Au

9 INEL AREA 2016 DRILLING ¹ ² Inel Area 1.27g/t Average Gold in Soil Anomaly Over 1.5km2 53 drill holes totalling 7, m in the Inel area Drilling highlights include: g/t Au over 1.0 m in INDDH g/t Au over 2.0 m in INDDH g/t Au over 5.5 m in INDDH g/t Au over 14.0 m in INDDH g/t over 45.2 m in INDDH g/t over 64.0 m in INDDH g/t over 102.0m in INDDH TSXV: CXO January

10 TSX.V: CXO January INEL SIGNIFICANT DRILL INTERCEPTS 1- Significant Defined as the product of metres x grade > 20 with grade >1.00g Au, BOLD >50 gram/meters 2 - The intervals reported in the above table represent drill intercepts and insufficient data is available at this time to state the true thickness of the mineralized intervals and all values are uncut

11 INEL DRILLING GOLD HISTOGRAMS SECTION N ¹ ² TSXV: CXO January INDDH16-037: 0.94g/t Au over 42.0m INDDH16-029: 5.22g/t Au over 49.0m Including g/t Au over 1.0m Histograms g/t Au g/t Au g/t Au g/t Au > 5.0 g/t Au INDDH16-028: 1.59g/t Au over 34.0m Including 10.20g/t Au over 1.0m INDDH16-025: 2.11g/t Au over 99.0m Including g/t Au over 1.0m INDDH16-047: 0.87g/t Au over 81.0m Including 1.03g/t Au over 27.1m INDDH16-046: 3.89g/t Au over 15.7m Including 14.59g/t Au over 3.7m Discovery Adit INDDH16-026: 3.15g/t Au over 10.0m Including 12.20g/t Au over 1.0m Inel Intrusion INDDH16-016: 1.72g/t Au over 9.0m

12 INEL DRILLING 4 M COMPOSITES SECTION N ² TSXV: CXO January INDDH16-029: 4.24g/t Au over 52.0m Including 37.47g/t Au over 4.0m INDDH16-037: 0.51 g/t Au over 20.0m And 0.84g/t Au over 52.0m Grade Cut Offs < 0.4g/t Au g/t Au g/t Au g/t Au > 5.0g/t Au INDDH16-028: 1.65g/Au over 32.0m INDDH16-025: 0.56g/t Au over 8.0m And 4.74g/t Au over 36.0m Including 38.31g/t Au over 4.0m INDDH16-003: 2.79g/t Au over 16.0m And 4.73g/t Au over 20.0m INDDH16-047: 0.58g/t Au over 8.0m And 1.35g/t Au over 20.0m And 0.95g/t Au over 32.0m INDDH16-004: 1.21g/t Au over 64.0m Discovery Adit INDDH16-026: 1.43g/t Au over 28.0m INDDH16-046: 0.62g/t Au over 8.0m And 1.45g/t Au over 48.0m Including 8.30g/t Au over 4.0m And 3.10g/t Au over 20.0m

13 INEL DRILLING GOLD HISTOGRAMS SECTION N ¹ ² TSXV: CXO January INDDH16-049: 2.73g/t Au over 64.0m Including 47.60g/t Au over 1.0m And 17.25g/t Au over 1.0m And 10.17g/t Au over 2.0m And 11.92g/t Au over 1.7m INDDH16-032: 0.64g/t Au over 16.6m Histograms g/t Au g/t Au g/t Au g/t Au > 5.0 g/t Au Discovery Adit INDDH16-031: 5.73g/t Au over2.0m INDDH16-048: 0.95g/t Au over 63.0m INDDH16-050: 3.75g/t Au over 6.0m And 0.57g/t Au over 38.0m

14 INEL 3D IMAGE ¹ ² TSXV: CXO January

15 TSXV: CXO January CONCEPTUAL SCHEMATIC SECTION N ¹ ² Gold Soil Anomaly Zinc Soil Anomaly Copper Soil Anomaly Gold (>100ppb) Zinc (>250 ppm) Copper (>150ppm) Hazelton Unconformity Gold (>500ppb) Zinc (>1000 ppm) Copper (>150ppm) Gold (>100ppb) Zinc (>250 ppm) Hazelton Unconformity Inel Drilling Semi-Conformable Gold Rich Sulfide Zones Auriferous Calc-Silicate Bodies Intrusive Related Gold-Copper Envelopes Intrusive Related Gold-Copper Envelopes Discordant High Angle Structural Zones 500m

16 TSXV: CXO January SUMMARY ¹ ² Inel Area 1.27g/t average gold in soil anomaly over 1.5km 2 at Inel 53 Holes (7, m) completed in 2016 Multi - ounce results and broad lower grade results Validated one of the gold in soil anomalies Recognized mineralization is not restricted to one rock or contact 10 gold in soil anomaly zones at Inel and Khyber Completed expenditures to earn 51% ownership Spend another $4 million to earn 80% at our election 0.66 g/t Au 2.91g/t Au 2.25 g/t Au 0.86 g/t Au 0.92 g/t Au 1.38 g/t Au 1.07 g/t Au 1.07 g/t Au 0.73 g/t Au 0.88 g/t Au

17 GOLD SOIL GEOCHEMISTRY ON GOOGLE EARTH IMAGE ¹ ² McLymont HydroElectric Plant Black Bluff 2014 & 2016 Drill Hole Gold Soil Anomaly Inel Creek Zone AK Zone Big Rock Inel Ridge Discovery Zone Tami Western Slopes Inel Camp Zinc Knob Inel Basin Zone Khyber Pass Bronson Creek Pyramid TSXV: CXO January m ⁶

18 TSXV: CXO January Booth 520 Colorado Resources LTD # Carrington Road West Kelowna, British Columbia Canada V4T 2N6 Phone: (250) Fax: (250) Toll Free: (855)

19 TSXV: CXO January Footnotes ¹ Previous exploration over a 8.5 km 2 area at Inel includes over 190 historic drillholes, 6,500m of drillcore assays, 723 soil samples and 1100 rock chip, channel and grab samples. These samples were collected prior to the Company s involvement and have not been independently verified. The Company has collected 135m of drillcore assays on the un-sampled historical drillcore, 492 soil samples and 400 rock chip, channel and grab samples in the area which generally confirm these previous exploration results. The historical drill intercepts quoted represent core lengths and there has been insufficient exploration to date to indicate whether or not they may represent the true thicknesses of the mineralized intervals. ² Please visit the Company website at: for QA/QC Procedures ³ The QP has been unable to verify the information and that the information is not necessarily indicative of the mineralization on Colorado s properties that is the subject of this presentation. ⁴ Nelson, J., & Kyba, J. (2014, January). Structural and stratigraphic control of porphyry and related mineralization in the Treaty Glacier-KSM-Brucejack-Stewart trend of western stikinia. Geological Fieldwork 2013, British Columbia Ministry of Energy and Mines, British Columbia Geological Survey Paper, pp ⁵ Kyba, J., & Nelson, J. (2015, January). Stratigraphic and tectonic framework of the Khyber-Sericite-Pins mineralized trend, lower Iskut River, northwest British Columbia. Geological Fieldwork 2014, British Columbia Ministry of Energy and Mines, British Columbia Geological Survey Paper, pp ⁶ Google earth images: image copied on April 5, 2016 ⁷ ⁸ ⁹ ¹⁰ Sourced from: Wilson, et al, Geology and Geochemistry of the Green Springs Gold Mine, White Pine County, Nevada in Raines, GL, Lisle, RE, Schafer, RW and Wilkinson, WH, eds. Geology and ore deposits of the Great Basin Symposium proceedings: Reno, Geological Society of Nevada, p