St. Lawrence Fluorspar Project St St. Lawrence Fluorspar Project St. Lawrence, NL Procurement Update Steve Cole November 4, 2016

Project Highlights Large and expanding reserve base Construction financed, on-time, on-budget Large and expanding reserve base Limited geopolitical and currency risk High product quality and short supply chain Leading cost/quality and reserve position canadafluorspar.com

CFI History Fluorspar has been mined in St. Lawrence since 1933 and most recently in 1991 2009 - BML restructured to create CFI, a publicly trade company 2013 - TF and BBN follow up pre-feasibility study completed(1) 2016 - Construction Initiated 2008 - Burin Minerals Ltd completed feasibility work on Blue Beach North and Tarfare deposits 2014 - more exploration drilling completed, AGS property increased to 9 million tonnes 2012 - AGS vein discovered 2009 2009 2011 2012 2013 2014 2015 2016 2009 - Burin Minerals merged to become Canada Fluorspar Inc. (CFI) 2011 - Pre-feasibility study completed 2015 - Detailed engineering commenced; Environmental Assessment approval received with conditions 2014 - GGC acquires CFI and AGS in-fill drilling begins 2011 - Newspar JV formed (1) As part of the pre-feasibility study, the tailings pond and wharf site were fully permitted and remain fully permitted canadafluorspar.com

Procurement Status Mechanical Long Lead Items 100% purchased Mechanical Secondary Items 90% purchased Electrical Long Lead Items 95% purchased Electrical Bulks 0% purchased Instrumentation 75% purchased Buildings 85% purchased by value Structural Steel 0% purchased Plate Work 0% purchased Piping 0% purchased Mine Fleet 100% purchased Mine Support Fleet 40% purchased by value Spares 0% purchased SUB HEADER CANADAFLUOROSPAR.CA

Contracts Awarded Earthworks Pad 1 and 2 Civils Mill Building Mill Building Erection Overhead Crane Installation DMS Plant Installation SUB HEADER CANADAFLUOROSPAR.CA

Contracts To Be Issued Earthworks Pad 3 ( December) Potential St Lawrence Contractor Earthworks Mine Workshop (November) Potential St Lawrence Contractor Civils Pad 2 and 3 (January) Potential Newfoundland Contractor Civils Conveyors (April) Potential Newfoundland Contractor Civils Tank Farm (April) Potential Newfoundland Contractor Structural Steel supply and install (December) Potential Newfoundland Contractor Ball Mill Installation (December) Mechanical install (December) Potential Newfoundland Contractor Plate Work supply and install (January) Potential Newfoundland Contractor Piping supply and install (January) Potential Newfoundland Contractor Electrical install (February) Potential Newfoundland Contractor Instrumentation install (February) Potential Newfoundland Contractor Fuel Supply (November) Potential Newfoundland Contractor Tire Supply (December) Potential Newfoundland Contractor SUB HEADER CANADAFLUOROSPAR.CA

Local Content 32 Local (Newfoundland) vendors currently enjoying our support Spend to date Newfoundland vendors over CAD3.5 million 85 NL vendors registered with CFI to date, 55 from Burin Peninsula SUB HEADER CANADAFLUOROSPAR.CA

Local Profile CFI has recently partnered with Dynamic Shelters, a business located in Grand Bank, to install inflatable shelters for use as mine facilities The shelters are air-beam inflatable structures, made of large columns of reinforced vinyl tubing shaped into arches and lightly pressurized by low-power air blowers CFI will use these structures for stockpile cover, material storage and workshops SUB HEADER CANADAFLUOROSPAR.CA

Potential Local Contracts Earthworks (Newfoundland Contractor) Civil (Possible Newfoundland Contractor) Pipe supply and installation (Possible Newfoundland Contractor) Mechanical installation (Possible Newfoundland Contractor) Plate work and tank supply and installation (Possible Newfoundland Contractor) Structural steel supply and install (Possible Newfoundland Contractor) Electrical supply and install of bulks (Possible Newfoundland Contractor) Marine facilities (Possible Newfoundland Contractor) Electrical and Instrumentation installation (Possible Newfoundland Contractor) Other building installation (Possible Newfoundland Contractor) CANADAFLUOROSPAR.COM

How to Become a CFI Vendor Suppliers interested in pursuing opportunities with Canada Fluorspar Inc. are encouraged to take the following steps: Learn about our business and understand our expectations of suppliers. Complete our Supplier Registration form. CANADAFLUOROSPAR.COM

How to Become a CFI Vendor Self-registration application represents an expression of interest from the supplier to conduct business with CFI. Once submitted, your details are assessed for inclusion on our prospective supplier database. Should your application be successful: your details maintained in pool of prospective suppliers, or put through full trade qualification. Should your services be required, complete comprehensive profile additional forms may be required. CFI reserves the right to verify all credentials submitted therein, prior to qualifying any supplier. Once registered, you will receive an email notifying you of the outcome.

How to Become a CFI Vendor Registration, or indeed full trade qualification, does not guarantee any business from CFI, nor does it represent a contractual agreement or arrangement in any way. Potential Suppliers will be notified of specific opportunities via Request for Quotes (RFQ) or tender published on our tender boards on the CFI website. Forms to be completed: Prospective Provider Application Template Vendor Registration Application Supplier Code of Ethical Conduct CANADAFLUOROSPAR.COM