Slide 1: Compelling investment opportunity in Argentina's prime copper region
Compelling investment opportunity in Argentina’s prime copper region March 2026 1
Slide 2: Disclaimers and forward-looking information
Disclaimers and forward-looking information This pre sen tation (“P resentatio n”) has bee n pre pared by Minsud Resources Corp. (the “Company” or “Minsud”) for information pur poses only. This Pre sen tation doe s not constitute, nor should it be constr ued as, an offer of any securities for sale o
Slide 3: Minsud at a Glance
Minsud at a Glance ◼ Minsud is an advanced junior exploration company listed on the TSX-V: MSR.V ◼ In 2024 South32 purchased 50.1% of Minera Sud Argentina (“MSA”) its Argentinean subsidiary and a Joint Venture was formed. Los Helados Catamarca Lunahuasi Josemaria Filo del Sol La Rioja Pascua-Lama Ve
Slide 4: Our Progress
Our Progress South32 2003 - 2008 2011 2019 2020 2023 2024 2025 - 2026 Inception & TSX.V listing South32 Earn-In Strategic Early option Infill program 43-101 consolidation Closed Reverse Take Agreement Exploration exercise South32 became the 43-101 for Chinchillones filed Creation of MSA Over in the
Slide 5: Agenda
Agenda 1 NI 43-101 Compliant Open-pittable Resource Base ~1.2 Bt 2 Exploration upside and growth potential 3 Robust infrastructure and accessibility 4 Lean organization with strategic approach 5 Prime location advantage 6 Partnership with Tier A player 7 Favorable market conditions 5
Slide 6: NI 43-101 Compliant Open-pittable Resource Base ~1.2 Bt
1 NI 43-101 Compliant Open-pittable Resource Base ~1.2 Bt Resource Estimation at Chinchillones Polymetallic Complex and PSU Supergene-Enriched Deposits: Feb 2026 Indicated Inferred Cu Copper 1.2 bn lbs 4.5 bn lbs Au Gold 0.8 mm Oz 2.1 mm Oz Ag Silver 73 mm Oz 196 mm Oz Mo Molybdenum 18 mm lbs 144 mm
Slide 7: NI 43-101 Compliant Open-pittable Resource Base ~1.2 Bt
1 NI 43-101 Compliant Open-pittable Resource Base ~1.2 Bt Metallurgical Approach Open at Depth with Potentially High grade hydrothermal Economical Open- breccias Coherent copper and molybdenum pitable Resource mineralization remain open down dip Primary Contributors: at depth and along Cu, Ag, Zn, a
Slide 8: Exploration upside and growth potential
2 Exploration upside and growth potential ◼ Porphyry-Epithermal Clusters. Several exploration targets have been identified as potential PCD clusters to conform a mining district at Chita Valley Drill-ready targets ◼ Path to significant resource expansion supported by drillhole assays and documented
Slide 9: Exploration upside and growth potential
2 Exploration upside and growth potential ◼ High-grade Hydrothermal Breccia Bodies at Chinchillones. Hydrothermal breccias are primarily located along ring and radial fractures; with enhanced hydrothermal brecciation along intersection of NE-and EW-trending fractures The hydrothermal breccias host h
Slide 10: Robust Infrastructure & Accesibility
3 Robust Infrastructure & Accesibility LOCATION 225km from San Juan city, paved routes (only 3 hours drive from the These airport) strategic & ACCESS differentiating Excellent road access, 45 minutes away from the nearest town of Bella factors may Vista have POWER significant A 500/132KV high voltag
Slide 11: Lean organization with strategic approach
4 Lean organization with strategic approach KEY METRICS LEAN ORGANIZATION Minsud’s Capital Structure Strong Safety Unrealized Mineral TSX.V MSR culture Potential Property Share price (Mar 2, 2026) C$ 0.70 No accidents reported Mineralization continues at 100% Owned Market Capitalization C$ 115M duri
Slide 12: Prime Location Advantage
5 Prime Location Advantage With a Supportive Regulatory Framework REGIME FOR THE PROMOTION AND DEVELOPMENT SAN JUAN DISTRICT OF MINING ECONOMIC ACTIVITY ◼ Pro–mining province: Regional government with proven Total Exemption from Gross track record of supportive mining projects, historically represen
Slide 13: Partnership with Tier A player South32
6 Partnership with Tier A player South32 South32 JOINT VENTURE 50.1% is a globally diversified mining company, operating in Australia, South Africa, and South America Presence in Chile through Sierra Gorda, In April 2024, South32 acquired 50.1% and in Argentina through Don Julio1, of MSA. Minsud and
Slide 14: Favorable market conditions
7 Favorable market conditions WHY COPPER? COPPER INDUSTRY TAILWINDS GLOBAL TOTAL COPPER CONSUMPTION (MT) Growth will be supported by continued momentum in green end-use sectors, a broader macroeconomic recovery and the completion 56.0 46.9 50.8 and ramp-up of semis projects 40.1 33.3 34.8 Decarboniz
Slide 15: Summary of Key Investment Highlights
Summary of Key Investment Highlights NI 43-101 Compliant Open-pittable Resource Base ~1.2 Bt: The Chita Valley deposits are deemed 1 potentially economically extractable via open-pit mining, heap leaching (PSU) and a flotation process (Chinchillones).They exhibit reasonable prospects for eventual ec
Slide 16: Appendix
A Appendix 16
Slide 17: Minsud Resources Team
Minsud Resources Team Management Team Agustín Dranovsky Dr. Renato Bobis Michael Johnston President & CEO Exploration Vice President CFO & Corporate Secretary Board of Directors Carlos Ramiro Pablo Lucía Alberto Paul Adamo Massa Taussig Dragonetti Orcoyen Andersen Chairman Director Director Director
Slide 18: Chita Valley project - Best intercepts
Chita Valley project - Best intercepts CHITA VALLEY PROJECT - BEST INTERCEPTS % BEST INTERCEPTS - CHINCHILLONES Cu Au Ag Mo Pb Zn GRADE CUEQ X WIDTH (M%) Hole ID From To Length Zn Eq1 Cu Eq2 (%) (ppm) (ppm) (ppm) (ppm) (ppm) CHDH23-69 456.0 1242.0 786.0 0.43% 0.23 15.78 368 2,587 7,591 3.53% 1.02% C
Slide 19: San Juan Province, an emerging mining district
San Juan Province, an emerging mining district OVERVIEW OF MINERALIZATION IN SAN JUAN POTENTIAL FOR CROSS STRUCUTRES CORRIDOR The Chita Valley project forms part of the premier Cu-Au San Juan province and poised to be the flagship mine in an emerging polymetallic corridor in the Frontal Cordillera o
Slide 20: Resource base underlain by a large under-drilled Mo-Cu-Au-Re porphyry deposit
The resource base at the polymetallic Chinchillones deposit is underlain by a large under-drilled Mo-Cu-Au-Re porphyry deposit ◼ The Mo distribution at Chinchillones is highly reminiscent of world-class porphyry centres elsewhere (e.g. Butte, Montana) where the high-Mo zones (weak- mod Cu) form the
Slide 21: Drilling at Chinchillones has identified near-surface high-grade breccia-hosted mineralization
Drilling at the Chinchillones deposit has identified near-surface high-grade breccia-hosted polymetallic mineralization 21