Investor Presentation

Advantageous Transportation Logistics Provides Access to Blue-Chip Customers ⑆CORSA RS TSX-V: CSO | OTCQX: CRSXF Strategic Location Flexible Logistics Key Differentiators Proximity to the largest metallurgical coal buying region in the US Access to key infrastructure and logistics that allows for access to both domestic and export markets Ability to transport and deliver coal by truck, rail and barge across the US and internationally Dual rail service with CSX and Norfolk Southern Access to all coal exporting terminals on the US east coast Transportation Advantage CORSA Within this shaded region there is ~15mm tons of met coal demand from coke batteries of which ~4mm tons is low volatile met coal. Low Delivery Costs Driven by high demand in the region and advanced logistics Results in a higher realized price per ton to Corsa relative to its competitors Source: Industry Research, Management. Cleveland-Cliffs U. S. Steel DTE Cleveland-Cliffs & SunCoke Energy 10 10

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