Mining Americas Inc. · TSX:MAI

Mining Americas — Minera Alamos — Corporate Update (June 2022)

21 slides from Mining Americas's corporate update, Jun 22, 2022

  1. Slide 1: June 2022 – Corporate Update

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY June 2022 – Corporate Update June 22nd 2022 TSX-V: MAI / OTCQX: MAIFF1 www.mineraalamos.com

  2. Slide 2: Forward Looking Statements

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Forward Looking Statements This presentation contains certain “forward-looking statements”. All statements, other than Darren Koningen, P. Eng., President of Minera Alamos is the Qualified Person (within the meaning statements of historical fact, that a

  3. Slide 3: Today’s topics

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Today’s topics • Surface rights agreements at Cerro De Oro • Inflation and costs • Santana project update • Building over buyout • A look forward at H2 2022 • Plus any Q&A from the audience 3 TSX.V: MAI OTCQX: MAIFF www.mineraalamos.com

  4. Slide 4: Why Invest In Us?

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Why Invest In Us? We are • Heap leach mining expertise • Ability to expedite projects & minimize initial CAPEX PROVEN BUILDERS • Placed four mines into production in 13 years • 1ST mining operations have commenced We are • 2ND project permits in place r

  5. Slide 5: Growth Model Path to Intermediate Production

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Growth Model Path to Intermediate Production ACQUIRE 4TH ASSET LA FORTUNA • Targeting +/- 500K to POTENTIAL SANTANA • Low Capex Build 1Moz quality ounces EXPANSION supported by royalty • Low Capex and internal financial • Large land package • Exploratio

  6. Slide 6: Technical Board of Directors

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Technical Board of Directors DARREN KONINGEN DOUG RAMSHAW BRUCE DURHAM RUBEN PADILLA KEVIN SMALL P.Eng. B.Sc. Mining Geology P.Geo. P.Geo. P.Eng. CEO, Director PRESIDENT, Director Independent Director Independent Director Independent Director +25 years

  7. Slide 7: Experienced Operating Management Group

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Experienced Operating Management Group DARREN KONINGEN DOUG RAMSHAW JANET O’DONNELL FEDERICO ALVAREZ P.Eng. B.Sc. Mining Geology M.Eng. CEO, Director PRESIDENT, Director CHIEF FINANCIAL OFFICER CHIEF OPERATING OFFICER +25 years of +25 years of experienc

  8. Slide 8: Capital Structure and Shareholder Distribution

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Capital Structure1 Shareholder Distribution Donald Smith Value Fund 8.1% Common shares 448.4 M Aegis Financial 4.9% MARKET outstanding CAPITALIZATION Warrants NIL C$246 M Other Institutions 22.4% ………………… Options 22.9 M ENTERPRISE Cash & Cash ~C$6.0 M Eq

  9. Slide 9: High Quality Assets

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY High Quality Assets Cerro De Oro Santana Fortuna 9 www.mineraalamos.com

  10. Slide 10: Cerro de Oro - 100% Owned - Zacatecas State

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY CERRO DE ORO - 100% OWNED1 - ZACATECAS STATE LOCATION / INFRASTRUCTURE • Accessible by paved highway • 25 km N of Newmont’s 8M oz Au/471 Moz Ag Peñasquito Mine MINE PLAN/STAGE • Near-term development opportunity; extensive metallurgical studies already

  11. Slide 11: Cerro de Oro surface rights

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Cerro de Oro surface rights … a long wait for some red polygons – so what do they mean? 11 TSX.V: MAI OTCQX: MAIFF www.mineraalamos.com

  12. Slide 12: Cerro de Oro Maiden Resource

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Cerro de Oro Maiden Resource Mineral Resource Estimate Resource Category Material Type Cut-off Grade Tonnes (t) Average Grade Contained Au Au (g/t) Au (g/t) (oz) Inferred Oxide 0.18 48,000,000 0.41 630,000 Notes: • The effective date for this mineral re

  13. Slide 13: Achieving Escape Velocity

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Achieving Escape Velocity – How a Junior Producer can be more than just that… Many Junior gold producers often remain junior gold producers which begs the question – Why? • Leading cause is more than likely permitting time lines • Secondly, capital requ

  14. Slide 14: Santana Project - 100% Owned - Sonora State

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY SANTANA PROJECT - 100% OWNED - SONORA STATE LOCATION / INFRASTRUCTURE • Easily accessible by paved highway • 50 km SW of Alamos Gold’s 3M oz Mulatos Gold Mine MINE PLAN/STAGE • Mining operations commenced in June 2021 • Following successful commissionin

  15. Slide 15: Santana Mining Ramp-Up Progress

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Santana Mining Ramp-Up Progress MINING • Approximately 18,000 oz of gold successfully stacked on the pad • Close to 7,000 oz of gold recovered to date LEACHING • Leach kinetics continue to track very favourably with areas under active leach achieving 70

  16. Slide 16: Santana Exploration Potential

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Santana Exploration Potential CLUSTER OF MULTIPLE PIPES IDENTIFIED • All pipes appear to be gold-bearing • Vary in size from 150m diameter to 500-600m • Phase 3 drilling approximately 6,000m to 7,500m • Historical discovery cost ~$10-20/oz 16 TSX.V: MAI

  17. Slide 17: La Fortuna Project - 100% Owned - Durango State

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY LA FORTUNA PROJECT - 100% OWNED - DURANGO STATE LOCATION / INFRASTRUCTURE • Easily accessible via a 100 km road from Culiacan, the Capital of Sinaloa State • State authorities are extending a 2-lane upgraded paved highway to the project including grid p

  18. Slide 18: La Fortuna PEA Economic Summary

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY La Fortuna PEA Economic Summary Pre-Tax NPV (7.5%) Pre-Tax IRR US$103.8M 122% 93% After-Tax NPV (7.5%) US$69.8M STRONG IRR After-Tax After-Tax IRR 93% Pre-Tax Payback Period 9 months US$1,250/oz After-Tax Payback Period 11 months PRUDENT Gold Price Assu

  19. Slide 19: Building Value

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Building Value • All-share Transaction Premiums* in the last 12 months • 1 day Premium (unaffected) – 37% • 1 day Premium (settled) – 9% • 30 day Premium (settled) – 15% * Median of 10 transactions 19 www.mineraalamos.com

  20. Slide 20: Delivering in 2022 and beyond

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Delivering in 2022 and beyond 2022 2023 Q1 Q2 Q3 Q4 H1 H2 Santana Mining Operations Santana Exploration Cerro de Oro Permit Application Submission Cerro de Oro Exploration Cerro de Oro Anticipated Construction Cerro de Oro Anticipated Start-up Note: Not

  21. Slide 21: Thank you

    BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Thank you For more information contact us: info@mineraalamos.com Or follow us at : 21 www.mineraalamos.com TSX.V: MAI OTCQX: MAIFF

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