Slide 1: Unlocking a New Copper District in Southern Peru
UNLOCKING A New Copper District in Southern Peru TSXV: PCU CORPORATE OCTOBER OTCQX: PCUUF PRESENTATION 2026
Slide 2: Forward-looking Statement
Forward-looking Statement This Presentation contains “forward-looking information” and “forward looking statements” within the meaning of applicable securities laws and (collectively, “forward-looking statements”). Forward-looking statements in this Presentation may include, but are not limited to,
Slide 3: The Vision: Two Adjacent Projects
The Vision Arequipa, Southern Peru To unlock one of Peru’s largest copper porphyry districts through responsible exploration, delivering long-term value for our stakeholders while setting a benchmark for environmental and social stewardship PECOY Two Adjacent Projects Low Altitude with Port Access P
Slide 4: Highlights
SOUTHERN PERU A WORLD-CLASS MINING Highlights JURISDICTION DISTRICT AND WORLD-CLASS GROWTH POTENTIAL COPPER DEPOSIT ▪ 865 million tonnes at 0.34% Copper1 + gold upside ▪ Significant exploration upside with projects open in all directions ▪ Potential for low strip ratio + high grade starter pit ▪ Pec
Slide 5: Located in a World-Class Copper Province
Located in a World-Class Copper Province Close to the Southern Peru Coast Near Multiple Major Copper Deposits with Existing TORORUME Infrastructure PECOY A rare, large-scale project High-quality copper at low elevation concentrate CERRO VERDE ▪ Low altitude – 1,650 to 2,200 m.a.s.l. ▪ Potential for
Slide 6: Pecoy – Copper, Molybdenum, Gold, and Silver
Pecoy – Copper, Molybdenum, Gold, and Silver One of the Largest Undeveloped Deposits Substantial initial resource defined PECOY – INFERRED RESOURCES (100% BASIS) on limited drilling Cut-off Tonnage Grade Contained ▪ Based on only 121 historical drill holes totaling 48,576 meters % Cu M tonnes Cu % M
Slide 7: With District Potential
With District Looking Southwest to the Pacific Coastal Pan American highway Potential Close to the Southern Peruvian Coast PECOY PECOY ▪ Large resource base with significant additional upside ▪ Strong growth potential TORORUME TORORUME ▪ Large-footprint porphyry system ▪ Initial drilling confirms 3
Slide 8: Current Drilling And Next Holes
Current Drilling And Next Holes Phase 1 Work Plan Priority is to South Breccia Focus on Resource Expansion Center of Pit & Breccia EDM Veins Zone Current Drilling Pecoy Camp Pecoy Camp West Pampa Northwest Completed & Released ▪ Over 16,000 meters drilled since initiation of Holes in Progress progra
Slide 9: PEC25-065: 1,014 m @ 0.37% Cu & 0.13 g/t Au
PEC25-065: 1,014 m @ 0.37% Cu & 0.13 g/t Au Lithology Alteration Mineralization PEC25-065 (1186 m) Current Resource Pit Shell 24 m at 0.33% Cu and 0.19 g/t Au 166 m at 0.412% Cu and 0.29 g/t Au A’ 297 m at 0.52% Cu and 0. 033% Mo 406.75m at 0.44% Cu, 0.06 g/t Au, 0.0027% Mo and 1.64 g/t Ag A 9 pecoy
Slide 10: PEC25-066: 1,020.5 m @ 0.43% Cu & 0.09 g/t Au
PEC25-066: 1,020.5 m @ 0.43% Cu & 0.09 g/t Au Lithology Alteration Mineralization PEC25-066 (1068.5m) Current Resource Pit Shell 48 m at 0.94% Cu, 0.21 g/t Au, 3.05 g/t Ag and 0.014% Mo C’ 446 m at 0.60% Cu, 0.08 g/t Au, 2.10 g/t Ag and 0.011% Mo 168 m at 0.33% Cu, 0.06 g/t Au, 1.05 g/t Ag and 0.006
Slide 11: PEC25-065 and PEC25-066: Section Line 8267375n
PEC25-065 and PEC25-066: Section Line 8267375n Lithology Alteration Mineralization Looking North line of Section W-E PEC25-065 PEC25-066 Current Resource Pit Shell 446 m at 0.60% Cu 406.75m at 0.44% Cu B B’ 11 pecoycopper.com | TSXV: PCU
Slide 12: New Pecoy – Broad Intervals
New Pecoy – Broad Intervals Broad Intervals Include Higher-Grade Sections South Breccia Drilling Highlights: PEC25-065: 1,014.0 m @ 0.37% Cu, 0.13 g/t Au, 1.33 g/t Ag, & 0.015% Mo PEC25-066: 1,020.5 m @ 0.43% Cu, 0.09 g/t Au, 1.51 g/t Ag, & 0.009% Mo PEC26-072: 804.0 m @ 0.34% Cu, 0.08 g/t Au, 1.19
Slide 13: PECOY – Copper Resource Expansion
PECOY – Copper Resource Expansion Copper Drilling Intercepts Only CENTER TARGET SOUTH BRECCIA DEPTH TARGET Isometric View – Looking East Source: Company materials and VRIFY 13 pecoycopper.com | TSXV: PCU
Slide 14: PECOY – Testing Extensions and Depth
PECOY – Testing Extensions and Depth 2026 Drilling is Extending Below Current Pit Shell Isometric View – Looking North-East Source: Company materials and VRIFY 14 pecoycopper.com | TSXV: PCU
Slide 15: Identified Geophysical Anomalies
Identified Geophysical Anomalies MT, IP Chargeability and Magnetics all Support the Targets Source: Company materials and VRIFY. Note: MT Survey shown above. 15 pecoycopper.com | TSXV: PCU
Slide 16: Tororume: Follow-up Drilling of Discovery Holes For 2026
Tororume: Follow-up Drilling of Discovery Holes For 2026 TORORUME 1 Large footprint warrants further testing & drilling 2 Radiometric footprint is 3x the size of Pecoy 3 Impressive initial results with multiple untested zones PECOY TORORUME NORTH TORORUME WEST TORORUME EAST toro-008 toro-007 toro-00
Slide 17: Fully-operational Camp
Fully-operational Camp Full Camp to Expedite and Support Exploration Efforts 40 PERSON CAPACITY | CORE SHACK | PREP SITE | SOCCER FIELD 17 pecoycopper.com | TSXV: PCU
Slide 18: Long Standing Community Relationships
Long Standing Community Relationships Active Community Engagement Supportive local communities ▪ No direct exposure to settlements within land package, despite an established mining community nearby ▪ No agricultural activity in the area; local population familiar with mining ▪ Surface rights held b
Slide 19: Upcoming Catalysts – Execution Focus
Upcoming Catalysts – Execution Focus Fast-track EIA studies and optimize the path to PEA completion 2026 2027 2028 Exploration Phase 1 Drilling Phase 2 Drilling Center of the Pit Pecoy Expansion Drilling South Breccia Waka-waka & East Target Tororume Development Starter Pit Analysis Updated NI 43-10
Slide 20: Project Benchmarking
Project Benchmarking Low strip ratio and low altitude will drive development and construction efficiencies at Pecoy CONSTANCIA ZAFRANAL CONSTANCIA WARINTZA (2011) (2016) (2026) (2025) Technical Parameters: Stage (stage) Resource Feasibility Pre-Feasibility1 Operating Pre-Feasibility Projected Start
Slide 21: Copper Developer Comparison
Copper Developer Comparison Significant Re-Rating Potential as Phase 1 and 2 $1,857 $1,795 Exploration Programs are Delivered $1,207 $1,308 $848 $720 $479 $533 $425 FDITM MARKET CAP. (C$M) Project Pecoy Haib Altar Casino Valeriano Marimaca North Island Warintza Gaspe Country Peru Namibia Argentina C
Slide 22: Leadership
Leadership Executive Management Team & Board of Directors Vincent Metcalfe Vincent Cardin-Tremblay Annie Dutil President, CEO, & Director Chief Geological Officer Chief Financial Officer Paul Matysek Jerrold Annett Jose Luque Luis Zapata Javier Del Rio Chairman Independent Director Independent Direc
Slide 23: Capital Structure
Capital Structure LISTINGS Ownership As of October 2, 2026 TSX Venture PCU OTCQX PCUUF FSE D5E Equity Research Coverage SHARE PRICE C$1.82 SHARE STRUCTURE Total Basic Shares Outstanding 209.5M BASIC MARKET CAPITALIZATION C$381M Warrants 16.2M Options 9.6M FULLY-DILUTED MARKET CAPITALIZATION C$425M C
Slide 24: Peru For Copper – Land Of Majors
Peru For Copper – Land Of Majors A Premier Mining Jurisdiction and World Leading Copper Producer EXCELLENT LOW-RISK AND MINING INFRASTRUCTURE WELL ESTABLISHED FRIENDLY AND LOCATION MINING INDUSTRY ▪ Peru is one of South America’s strongest ▪ Project is near all essential utilities ▪ Cornerstone of P
Slide 25: Pecoy Copper – Why It Works
Pecoy Copper – Why It Works A Rare, Simple, Large Open-Pit in Southern Peru Aligned with Acquirer Needs Why Pecoy Copper? Structural supply-demand imbalance Energy-Transition Demand supports higher copper prices Grids, renewables, EVs: dominate incremental copper demand. The IEA’s Scarcity premium 2
Slide 26: Thank You
TSXV: PCU OTCQX: PCUF Thank You +1-514-249-9960 vmetcalfe@pecoycopper.com pecoycopper.com @pecoycopper
Slide 27: Appendices
TSXV: PCU OTCQX: PCUF Appendices
Slide 28: Open Pit: Predictable, Scalable, Fast
Open Pit: Predictable, Scalable, Fast Low-Risk, Predictable & High-Leverage Copper Growth — Easier to Operate, Build, and Acquire OPEN PIT ADVANTAGES UNDERGROUND / BLOCK-CAVE HEADWINDS ▪ Operational simplicity: straightforward planning & scheduling; ▪ Complexity & ramp-up risk: cave establishment, f
Slide 29: Pecoy: Multiple Targets For Expansion & Growth
Pecoy: Multiple Targets For Expansion & Growth Further Upside Potential to Increasing Resource Base Tororume DISTANCE TO TARGETS PECOY Northwest Camp East Ridge Center of Pit In-Pit No drilling Oxides In-Pit Center Pit Pecoy Deposit East South Breccia In-Pit & East West Pampa Depth Below Pit No dril