Searchlight Resources Inc. · TSXV:SCLT
Searchlight Resources — Investor Presentation (February 2026)
33 slides from Searchlight Resources's investor presentation, February 2026
Slide 1: High Grade Gold in Saskatchewan
HIGH GRADE GOLD IN February 2026 SASKATCHEWAN HIGH GRADE GOLD IN SASKATCHEWAN Leveraging Historic Assets in a Record Gold Price Environment Searchlight Resources (TSXV:SCLT – US:SCLTF) 1 S C L T TS XV S C L TF U S S E A R C H L I G H TR E S O U R C E S . C O M
Slide 2: Forward Looking Statements
Forward Looking Statements All statements in this document regarding exploration projects for Searchlight Resources Inc. (“Searchlight”, or “SCLT"), other than statements of historical fact, are "forward-looking information" with respect to Searchlight within the meaning of applicable Canadian secur
Slide 3: Why Gold
Why Gold Gold is Money • Gold price in US$ 5,000 range • Gold is simple to mine and process • Gold is a final product One year Gold – February 10, 2026 3 S C L T TS XV S C L TF – U S S E A R C H L I G H TR E S O U R C E S . C O M
Slide 4: Searchlight Resources Plans for 2026
2026 Searchlight Resources Plans for 2026 1) Bootleg Lake - Initiate the reopening of the Rio High Grade Gold Mine • Fully operational mine closed in 1989 due to low gold prices, after single bulk sample. • Closed before production, followed by surface reclamation leaving 1,500 m of modern undergrou
Slide 5: Searchlight Resources
Searchlight Resources Advanced Exploration / Development • Ongoing Advanced Exploration on the Flin Flon Gold Projects • Reopening of the Rio Gold mine, historic high-grade deposit • Conducting Surface mapping and sampling at Robinson Creek Project Generator • Project generation though staking follo
Slide 6: Why Saskatchewan
Why Saskatchewan World Class Jurisdiction, Excellent Geology, Cooperative Government and Experienced Work Force • The Fraser Institute rated Saskatchewan the #1 jurisdiction for mining investment in Canada in 2025. And ranked as the #7 jurisdiction in the world • Saskatchewan has a long mining histo
Slide 7: Saskatchewan Gold Strategic Opportunity
Saskatchewan Gold Strategic Opportunity- High Grade Gold Projects Bootleg Lake • Three past producing high grade gold mines along same structure • 2026 plans for Rio Mine include reopening and dewatering of 1,500 metres of flooded underground workings for exploration and development. • Large land po
Slide 8: Bootleg Lake Gold
Bootleg Lake Gold Three Past-Producing Gold Mines 1 Rio Mine • Developed in the 1980’s with mill and 1,500 m of underground workings. Vista shipped a 20,000-ton bulk sample that averaged 4.11 g/t gold, deemed uneconomic with low 1988 gold prices. • Closed in 1990 prior to production due to low gold
Slide 9: Rio Mine History
Rio Mine History • A short-lived underground gold operation beginning in 1981- progressed swiftly from development to production before entering receivership and reclamation by 1989 due to low gold prices • 1930’s to 1980 - exploration leading to discovery of Rio Gold Mine and Henning Maloney Gold M
Slide 10: Rio Mine Timeline
Rio Mine Timeline Vista ships a 20,000-ton bulk Flin Flon Mines Ltd conducted sample that averaged 4.11 g/t Full mine closure and a 46-hole diamond drill Vista Mines Inc. (“Vista) gold, deemed uneconomic with reclamation. Portal entrance Planned reopening of ramp for program totaling 11,352 m acquir
Slide 11: Bootleg Lake Location
Bootleg Lake Location • Location is Key to Development • Less than 15 km from Creighton and Flin Flon. • Located in the Flin Flon – Snow Lake Greenstone Belt, one of the most prolific minerals belts in the world. • 7 km from the Hudbay 777 copper, zinc, gold mine. • 32 km by road from the Tartan Lak
Slide 12: Bootleg Lake Logistics
Bootleg Lake Logistics Logistics and Infrastructure • Less than 10 km from Creighton and Flin Flon. • Road access to Creighton and Flin Flon. • Electrical power runs through east side of claims. • Municipal water at northern side of claim block. • Flin Flon is a major mining centre with all required
Slide 13: Rio Gold Mine
Rio Gold Mine Rio Mine Reopening to begin in 2026 Ramp Area Mill Rio Mine in 1988 • 1,500 m of underground workings to 120 m depth. • Underground workings are flooded • Electricity within 700 m and municipal water within 2.4 km. 13 S C L T TS XV S C L TF – U S S E A R C H L I G H TR E S O U R C E S
Slide 14: Rio Mine – 2018 Drilling
Rio Mine – 2018 Drilling 2018 Drill Holes in relationship to Rio Underground Workings Cross Section of Rio Drill Holes from 2018 Drill Program S C L T TS XV S C L TF – U S S E A R C H L I G H TR E S O U R C E S . C O M 14
Slide 15: Rio Mine – 2018 Drilling
Rio Mine – 2018 Drilling Three NQ Diamond Drill Holes totaling 933m completed in March 2018 Purpose of drilling was two-fold Drill Hole From To Width Zones Au g/t Number metre metre metre • Confirm gold mineralization – Successful. DDH BL-01 180.0 184.0 4.0 5.24 • Test mineralization beneath known m
Slide 16: UAV Mag Survey
UAV Mag Survey UAV magnetic survey shows similar Complex Zones related to the Rio Fault 16 S C L T TS XV S C L TF – U S S E A R C H L I G H TR E S O U R C E S . C O M
Slide 17: Henning-Maloney – 1940's
Henning-Maloney – 1940’s Early 1940’s Air Photo During 1933 to 1934, the property was acquired by the Henning Maloney Gold Road to Mines Ltd. and a two-compartment Creighton shaft was sunk to 162 ft (49.4 m). By 1941, intermittent mining had developed 1000 ft (305 m) of drifts and cross cuts and two
Slide 18: Henning Maloney 2021 Drilling
Henning Maloney 2021 Drilling Purpose of drilling was two-fold • Confirm gold mineralization - Successful • Test mineralization beneath known mineralization in underground workings - Successful • The deepest gold intersection was 140 m vertically below surface, approximately 3 times the depth of the
Slide 19: Henning Maloney 2021 Drilling
Henning Maloney 2021 Drilling Three 3 drill holes – 11 gold intersections DDH Intersection From To Length Grade metre metre metre g/t Au HM-21-01 1-1 67.30 67.80 0.50 3.81 HM-21-01 1-2 71.80 74.70 2.90 1.12 including 73.80 74.70 0.90 2.81 HM-21-01 1-3 90.95 91.90 0.95 4.15 HM-21-01 1-4 141.00 145.00
Slide 20: Wekach Gold Target
Wekach Gold Target Compiled from Newspaper Reports • Wekach Gold Mines Ltd. was incorporated in 1934 to explore and develop gold showings. Exploration included an extensive trenching and sampling program, including a 6m exploratory shaft. Gold was associated with three or more quartz veins (aggregat
Slide 21: Bootleg Exploration Targets
Bootleg Exploration Targets • Secondary processing of Airborne Magnetic data outlines identified areas of structural complexity corresponding to the Rio, Henning-Maloney and Wekach Mines, all situated along the Rio Fault Zone . • Approximately 15 additional zones of structural complexity were identi
Slide 22: Robinson Creek
Robinson Creek Advanced Stage Gold Property Drilled By SMDC/Cameco 15 km from Flin Flon and Bootleg Historic Mine Sites • Initial Exploration Target of between 77,000 and 154,000 ounces gold. • Between 2 million and 3 million tonnes, • Gold grades between 1.20 g/t and 1.60 g/t. • Over 70 historical
Slide 23: Robinson Creek Summary
Robinson Creek Summary . • Three parallel veins traced over 1 km strike length. • 4 mineralized zones identified: • Quartz Zone • Quartz Zone extension • Vein Zone • Bleiler Zone • Drill intersections and magnetic survey outline a mineralized zone with strike length of ~ 1,000 m. • Located along the
Slide 24: Robinson Creek Drilling
Robinson Creek Drilling • Compilation of 9,618 metres of drilling from 70 historic drill holes. • 60 of 70 drill holes have gold intersections greater than 1 g/t. • 45 intersections of greater than 2.0 g/t gold over at least 1m. • Multiple long ore-grade intersections: • 2.46 g/t Au over 57.60 m in
Slide 25: Future Exploration
Future Exploration Bootleg Lake • Open Rio Mine underground workings for sampling, mapping and future production • Surface and underground drilling at Rio Mine to develop modern NI-43-101 resource estimate • Metallurgical study at Rio Mine • Follow-up drilling at Henning Maloney to develop modern NI
Slide 26: Projects for Option
Projects for Option Project Generation Model • Low-cost online staking • Compilation and exploration planning • Add value by advancing projects to next exploration level. • Market projects for option or sale, for cash and shares and Net Smelter Royalties • Result = Company income without dilution •
Slide 27: Projects for Option
Projects for Option Drill Project Commodity Stage Highlights Next Phases of Exploration Targets Advanced Historic 43-101 Uranium Resource Duddridge Lake Uranium Drill to expand known resource Yes exploration Sediment hosted Uranium, Copper, Mid stage Wapawekka Belt Greenstone Belt Ground EM geophysi
Slide 28: Duddridge Lake – U, Cu
Duddridge Lake – U, Cu Road accessible, drill-ready, near surface deposit • Historic NI43-101 inferred resource estimate of 227,880 tonnes with a grade of 2.14 lbs/tonne U3O8, completed by Fission Energy Corporation in 2007. • Potential along strike and at depth; past drilling less than 100 m below
Slide 29: Wapawekka - Cu
Wapawekka - Cu 24 high priority Copper VMS drill-ready targets • Based on the Southern Glennie 2020 Airborne Mag and EM survey by Federal and Provincial governments and inhouse geophysical interpretation. • Underexplored Greenstone Belt, potential area play • 125 km from Flin Flon 777 Mine and 75 km
Slide 30: Bear Lake – REE
Bear Lake – REE High Grade Rare Earth Target • Large 600m x 500m thorium anomaly highlights rare earth potential • 1.5 km linear thorium anomaly along the shore of Ena Lake • Claims are located within 30 km of the Hoidas Lake REE deposit, and 25 km of the Appia Energy Alces Lake REE project, the two
Slide 31: Board of Directors
Board of Directors Stephen Wallace P.Geo. President, CEO & Director Alf Stewart, B.SC Hons. Geology, MBA Chairman & Director Stephen Wallace, P.Geo., (APGO, APEGS) brings more than 35 years of successful mineral exploration and development experience from grassroots and greenfield Alf Stewart has a
Slide 32: Corporate Information
Corporate Information Capital Structure Shares Outstanding 43,111,968 Options Outstanding 1,045,000 Warrants Outstanding 3,610,038 Shares Fully Diluted 47,767,006 Management Ownership 4% 32 S C L T TS XV S C L TF – U S S E A R C H L I G H TR E S O U R C E S . C O M
Slide 33: Searchlight Resources Presentation
SEARCHLIGHT RESOURCES PRESENTATION FEBRUARY 2026 FOCUS ON CRITICAL METALS AND HIGH-GRADE GOLD IN SASKATCHEWAN TSXV:SCLT US:SCLTF SEARCHLIGHTRESOURCES.COM
Searchlight Resources — Investor Presentation (February 2026) on 6ix