Salazar Resources Limited · TSXV:SRL
Salazar Resources — Investor Presentation (October 2026)
27 slides from Salazar Resources's investor presentation, Oct 28, 2026
Slide 1: Q3 Investor Presentation
TSXV: SRL OTCQB: SRLZF* FSE: CCG Q3 - INVESTOR PRESENTATION Source: SVM
Slide 2: Disclaimer
DISCLAIMER CAUTIONARY STATEMENT Forward-Looking Information. This presentation contains forward-looking No Offer or Advice. This presentation is for information purposes only and information within the meaning of applicable Canadian securities laws, does not constitute an offer to sell or a solicita
Slide 3: Salazar Resources Trading at 37% of NPV of El Domo
SALAZAR RESOURCES TRADING AT 37% OF NPV OF “EL DOMO” Everything else “in for free” IMPLIED VALUE COMPARISON (US$ MILLION) THE ARITHMETIC 250 US$573M El Domo after-tax NPV(8%), 2025 Technical Report 200 $ 176M X 25% US$ Million 150 US$ 143M Salazar's interest — fully carried, no funding obligation 10
Slide 4: Salazar holds a 25% stake, fully carried to production, in El Domo
SALAZAR HOLDS A 25% STAKE, FULLY CARRIED TO PRODUCTION, IN 2027. El Domo +50% built, commissioning in H1 2027, production H2 2027. Mineral Reserve Payable Metal (LOM) 7.13 Mt Proven + Probable 584K Oz Au 18.4Kt Pb 1.93% Cu, 2.55 g/t Au, 47.82 g/t Ag, 11.0M Oz Ag 187.7Kt Zn 2.63% Zn, 0.26% Pb 137.7K
Slide 5: Mine life, reserve & resource growth drive NPV5 up 113%
DEC 2025 · RESOURCE UPDATE IMPROVES EVERY PROJECT METRIC Mine life, reserve & resource growth drive NPV5 up 113% 2025 Report KEY METRIC 2021 Study Change (SRK) A�er-tax NPV (5%) US$331M US$705M +113% A�er-tax IRR 32% 45% +13 pts P&P reserves 6.48 Mt 7.13 Mt +10% M+I resources 9.0 Mt 11.4 Mt +27% Inf
Slide 6: Spectacular portfolio ready for fully funded exploration from 2028 onwards
Spectacular portfolio ready for fully funded exploration from 2028 onwards 100%-owned exploration assets Cascabel across Ecuador copper-gold belts. Llurimagua _ ^ EL TIGRE Quito VMS Polymetallic System MONJA Cu-Au-Mo Porphyry + Epithermal & Hydrothermal breccias TARQUI & QUIMI Concessions El Domo )
Slide 7: El Tigre: Cu-Au VMS project with large high-grade surface Au anomaly
SOIL ANOMALY Au GRAV: DENSITY MODEL 200m DEEP EL TIGRE (100% OWNED) 626000 626400 626800 627200 Cu-Au VMS project with large 3.50 L10 L12 L13 L14 L15 L16 L17 L11 Coincidental Soil Anomaly L1 L2 L3 L4 L5 L6 L7 L8 L9 2.75 1.50 with Grav and Mag Geophysic 9525600 9525600 1.25 0 . 5 1 0 .5 1.00 CD2 1 .
Slide 8: Monja: Cu-Au Porphyry, neighbour to a 20.5 Moz gold deposit
MONJA (100% OWNED) Cu-Au Porphyry, neighbour to a 20.5 Moz gold deposit. LICENSE DETAILS 9088 ha. All permits up to date Feldspathic Porphyry: Hydrothermal Gap: Cangrejos Sample 51584: Au: 1.11 g/t, Ag: 19.5 g/t, Sample 200079: Au Bramaderos Cu: 4.8%, Mo: 74 ppm. 0.6g/t, Cu: 1.2%, Mo: 10 ppm Monja R
Slide 9: Tarqui + Quimi: Porphyry copper & epithermal gold in a fertile corridor
TARQUI + QUIMI (100% OWNED) Porphyry copper & epithermal gold in a fertile corridor Located in the prolific Jurassic Copper Belt, close to Mirador, Warintza and Fruta del Norte. LICENSE DETAILS PROJECT FDN (Fruta del Norte) Mirador RESOURCES 9.45 Moz Au (7 g/t), 16 Moz (13 g/t) 890 Mt @ 0.6% Cu; NPV
Slide 10: Santiago: Giant geophysical anomalies, NE drill holes ended in mineralization
SANTIAGO (100% OWNED) 3D GEOPHYSICAL SECTION ROCK SAMPLES Giant geophysical anomalies, NE drill holes ended in mineralization LICENSE DETAILS Cascabel Llurimagua 2,350 ha ESPAÑOLA VEIN All permits High-grade up to date Cangrejos Epithermal Santiago Ribs and Veins LOCATION Located in the province of
Slide 11: Pijilí: Tungsten and silver inside a copper porphyry
PIJILÍ (100% OWNED) Tungsten and silver inside a copper porphyry — three critical minerals in one hole. SOIL SAMPLING LICENSE DETAILS 3,254 ha. CHAUCHA PORPHYRY Ind: 1.14 Bt @0.26% Cu, 0.015% Mo. All permits Inf: 396.02 Mt @0.26% Cu, 0.011% Mo. up to date Chaucha Chaucha Pijilí Pijilí LOCATION Locat
Slide 12: Ecuador's Mining Landscape
ECUADOR'S MINING LANDSCAPE Salazar operates in the same neighbourhood as The World's Majors. Active and Resilient Mining Industry $2.4 Billion IN EXPORTS $705 M TAXES $1.8 Billion IN EXPORTS $500 M TAXES *(UNTIL SEPT 2025) Source: Mirador Mine -EcuaCorriente MIRADOR CANGREJOS CASCABEL WARINTZA EcuaC
Slide 13: Project portfolio and discovery potential is in for free
SALAZAR'S STAKE IN EL DOMO IS CURRENTLY VALUED AT ~37% OF NPV5 Project portfolio and discovery potential is in for free HIGH PRE-DISCOVERY DISCOVERY STUDY PHASE BUILD OPERATION VALUE Q3 2027 100% of NPV C$0.94 37% of NPV C$0.35 NEW PROJECTS C$0.07 LOW VALUE 7.4% of NPV LIFE CYCLE PRE-DISCOVERY > DIS
Slide 14: Management
UNIQUELY WELL-PLACED TO MAKE AND MANAGE THE NEXT MINERAL DEPOSIT DISCOVERY Successful discovery Track Record Fredy E. Salazar Francisco Soria MANAGEMENT President and CEO Exploration Manager A seasoned geologist with 30+ years in Francisco is a geologist with 30+ years of Ecuador, including Explorat
Slide 15: Capital Structure: A clean structure with three listings and no debt
CAPITAL STRUCTURE A clean structure with three listings and no debt. Price Chart October 2 CAD 0.39 0.40000 0.39000 0.30000 0.20000 0.10000 0 nov dec 2026 feb mar apr may jun jul aug sept oct 265.1M CAD $93M C$0.14-0.45 Shares Outstanding Market Cap (~US$66M) 52-week Range $0 3 120,000 Corporate Deb
Slide 16: Portfolio preparation for cash flow funded exploration from Q4 2027 onwards
12 MONTH SURGICAL EXPLORATION PLAN Portfolio preparation for cash flow funded exploration from Q4 2027 onwards 2026 2027 PROJECTS Q4 Q1 Q2 Q3 Q4 El Domo Construction Commissioning Production Cash Flow Tarqui / Quimi ~1500m Drilling Regional Exploration Monja Regional Exploration ~3500m Drilling Regi
Slide 17: Contact
Contact: Email: ir@salazarresources.com Phone: +1 604 685 9316 www.salazarresources.com
Slide 18: Annexes
Annexes
Slide 19: El Tigre Cross Section
EL TIGRE CROSS SECTION EL TIGRE ¨SKETCH A-B¨ q Aue /t .47g 0 Q3 2026 SALAZAR RESOURCES LTD. ANNEXES
Slide 20: Monja Project: Cu-Au Porphyry System in Southern Ecuador
MONJA PROJECT: Cu-Au Porphyry System Located in Southern Ecuador within a Paleocene–Miocene Metallogenic Belt 200073 200072 MAPPING 200079 EXTENSION 150mts 200074 200082 200083 SAMPLE Width (m) Au_g/t Cu_% Mo_ppm 200072 2.5 0.05 0.07 4 200073 3 0.1 0.24 29 200074 2.5 0.07 0.07 72 200079 3 0.6 1.2 10
Slide 21: Tarqui Project: Early Stage Copper-Gold Prospect
TARQUI PROJECT: Early Stage Copper -Gold Prospect in Jurassic Metallogenic Belt SOIL Cu ANOMALY DDH 6800 M IN 13 DRILL HOLES LICENCE DETAILS: HOLE FROM TO WIDTH Cu(ppm) Mo(ppm) CuEq (%) All permits TARQ0001D 0 186 186 2840 10.5 0.32* 4,815ha. 250 691.2 441.2 1604 80 0.22* up to date TARQ0002D 36 416
Slide 22: Tarqui Project: Cu-Mo Porphyry target with high-grade Cordilleran Veins
TARQUI PROJECT: Cu-Mo Porphyry target with related high-grade Cordilleran Veins. MAGNETIC ANOMALY YUMI EPITHERMAL VEINS HIGH GRADE STRUCTURES High magnetic RTP values indicate: High grade gold and silver epithermal veins - Secondary magnetite associated with with mineralization related to low- to in
Slide 23: Quimi Concession: Early Stage Copper-Gold Prospect
QUIMI CONCESSION (Part of Tarqui Project) Early Stage Copper -Gold Prospect in Jurassic Metallogenic Belt QUIMI SOIL ANOMALY Cu SOIL ANOMALY Au LICENCE DETAILS: All permits 2,732ha. up to date GEOLOGY NW structural control related to quartzodioritic intrusives, mineralization of Qz, FeOx, malachite,
Slide 24: Santiago Project: Early Stage Copper-Gold in the Miocene Mineral Belt
SANTIAGO PROJECT: Early Stage Copper- Gold in the Miocene Mineral Belt SCHEMATIC ALTERATION SECTION OF SANTIAGO CONCESSION Cu ROCKS ANOMALY Au ROCKS ANOMALY LITHOCAP BASE OF LITHOCAP PHYLLIC (SERICITIC) ALTERATION PROPYLITIC ALTERATION LITHOCAP PHYLLIC (SERICITIC) ALTERATION PROPYLITIC ALTERATION ~3
Slide 25: Santiago Drillholes made by Newmont
SANTIAGO DRILLHOLES Drillholes made by Newmont (3D geophysical sec�on of Apparent Con- duc�vity voxel, looking East) Historical drilling remains open at depth as holes bo�omed in economic copper grades (e.g., FUD-01 ending in 0.59% Cu at 323.7 m) directly above the roof of a large-scale conduc�ve an
Slide 26: Pijilí Project Tungsten Upside
Pijilí Project Tungsten Upside MERC-011 – Ensillada • Tungsten(W) mineraliza�on was Norte área encountered associated with a Ag-W mineraliza�on high-grade Ag-W overprint zone from surface during 2022 drilling campaing: • MERC-011 has an interval of sig- nificantly elevated silver and tungsten, which
Slide 27: www.salazarresources.com
SALAZAR RESOURGES LTD www.salazarresources.com
Salazar Resources — Investor Presentation (October 2026) on 6ix