Forward Looking Statements

This website and the announcements contained therein may include forward-looking statements. These forward-looking statements are based on Coldwater Mining & Energy Ltd’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Coldwater Mining & Energy Ltd, which could cause actual results to differ materially from such statements. Coldwater Mining & Energy Ltd makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

The information contained in this website inclusive of any announcements and documents contained therein has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are Canadian terms. Accordingly, information contained herein that describes Coldwater Mining & Energy Ltd's mineral deposits may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder. U.S. investors are urged to consider closely these disclosures.

Competent Persons Statements

The information in this website and any announcements contained therein that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr. Simon Denton, a Competent Person who is a Registered Member of the ‘Society for Mining, Metallurgy and Exploration’, a ‘Recognized Professional Organization’ (RPO). Mr. Denton is a consultant to the Company. Mr. Denton has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Denton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this website that relates to Lithium Mineral Resources is extracted from the Company’s announcement dated December 31, 2019. The information in the original announcement that related to Lithium Mineral Resources was based on, and fairly represents, information compiled by Mr. Terry Peterson, a Competent Person who is a Professional Geoscientist (P.Geo.) and registered member of the ‘Association of Professional Geoscientists of Ontario’ (APGO no. 2348), a ‘Recognized Professional Organization’ (RPO). Mr. Peterson is a Senior Resource Geologist. Mr. Peterson has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Code for Reporting of Mineral Resources and Ore Reserves’.

The information in this report that relates to By-Product Mineral Resources is based on, and fairly represents, information compiled or reviewed by Mr. Terry Peterson, a Competent Person who is a Professional Geoscientist (P.Geo.) and registered member of the ‘Association of Professional Geoscientists of Ontario’ (APGO no. 2348), a ‘Recognized Professional Organization’ (RPO). Mr. Peterson is a Senior Resource Geologist. Mr. Peterson has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Code for Reporting of Mineral Resources and Ore Reserves’. Mr. Peterson consents to the inclusion in this report of the results of the matters based on his information in the form and context in which it appears.

Coldwater Mining & Energy Ltd confirms that: a) it is not aware of any new information or data that materially affects the information included in the Company's original announcements; b) all material assumptions and technical parameters underpinning Mineral Resources, Exploration Targets, Production Targets, and related forecast financial information derived from Production Targets included in the original announcements continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons’ findings are presented in this report have not been materially modified from the original announcements.