Arizona Eagle Mining Corp. · TSXV:AZEM
Arizona Eagle Mining — Investor Presentation (October 2026)
42 slides from Arizona Eagle Mining's investor presentation, October 2026
Slide 1: Regenerating Past-Producing High-Grade Gold Mines in Arizona
ARIZONA EAGLE MINING Regenerating Past - Producing High - Grade Gold Mines in Arizona 1 Investor Presentation October 2026 TSXV: AZEM | OTCQB: AZEMF
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains "forward-looking information" within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements as to fu
Slide 3: Disclaimer
Disclaimer This presentation is provided solely for informational purposes and does not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue or subscribe for any securities in any jurisdiction in which such offer, solicitation or sale would be
Slide 4: Exploring the past producing McCabe High-Grade Gold Mine - The Eagle Project
Exploring the past producing McCabe High-Grade Gold Mine and surrounding mines - The Eagle Project Past Producing Gold, Sooner Shaft, 1982 High-grade Historical Silver Mine Resource with Significant 15' concrete lined production shaft sunk to Acquisition of 100% of the past-producing 1,650' Upside¹
Slide 5: McCabe Mine - Historic High-Grade Resource
McCabe Mine - Historic High-Grade Resource High-Grade Historic Resource McCabe Mine Historical Resources¹ Located on Patented Ground: Tonnage Ounces/Ton Total Ounces 1984 Total Estimate of: Gold Silver Gold Silver • 877,617 ounces gold at a grade of 11.7 g/t gold Total Historical 2,593,682 0.34 2.0
Slide 6: Eagle Project - Historic Mining District of Yavapai County
Eagle Project - Historic Mining District of Yavapai County Located in historic mining district of Yavapai County, Arizona 4,169 acres of BLM claims Eagle Project 420 acres of patented land (including water rights and wells) 1 100% ownership; 2% NSR with 1% buyback option for US$1M Mining-friendly ju
Slide 7: Management and Key Advisors
Management and Key Advisors Kevin Reid MBA Ben Somps PhD Sung Ming (Eric) Myung CPA President & CEO VP Exploration Chief Financial Officer Mr. Reid has a BSc. Honours in Geological Sciences from Mr. Somps is a professional geologist with over nine Mr. Myung is a Senior Financial Analyst at Marrelli
Slide 8: Board of Directors
Board of Directors Marc Pais B.Sc Kevin Reid MBA Dawn Meidinger Mike Pilmer MBA Rickard Vernon MBA, B.Sc Chairman Director Director Director Director Mr. Pais is the co-founder, Director Mr. Reid has a BSc. Honours in Ms. Meidinger joined the law firm of Mr. Pilmer has more than 30 years of Mr. Vern
Slide 9: Corporate Structure and Share Structure
Corporate Structure Share Structure HNW Management Issued & Outstanding 56,858,105 Investors & Insiders Stock Options 2,686,764 14.1% 48.2 % Warrants 6,833,533 November 25, 2026 $1.20 126,352 September 20, 2027 $0.51 470,588 October 18, 2027 $2.55 1,051,765 AZEM October 31, 2027 $2.55 389,832 Novemb
Slide 10: The 830' Level, Wall Rocks in Excellent Condition
The 830' Level, “Wall Rocks in Excellent Condition” 1982: Sooner shaft sunk, replacement cost US$30-40M 1983: inspection of the McCabe workings that dated back to 1937, when operations ceased. Fifty years later the wall rocks were reported in “excellent” condition The rock compentency bodes well for
Slide 11: 15' Concrete Lined Production Shaft
15’ Concrete Lined Production Shaft 1982: Sooner shaft sunk, replacement cost US$30-40M In place, a 15' concrete lined shaft to 1,650', and 17,000' of underground workings Ability to access underground infrastructure enables significant cost savings compared to surface drilling ARIZONA EAGLE MINING
Slide 12: McCabe Cross Section, Past Production
McCabe Cross Section, Past Production 17,000' of underground workings, approximately US$3M in additional infrastructure The McCabe and Gladstone shafts were used in the early 1900's The Sooner shaft was sunk in the early 1980's and closed in 1993 Open in all directions Arizona Eagle intends to open
Slide 13: 1050' Level - Sampled over 650', Averaging 0.41 OPT Gold
1050' Level - Sampled over 650', Averaging 0.41 OPT Gold (Source: Stan West, 1983 Annual Report) “The diagram shows the entire plan view of the drifting on the 1050' level.” “The drift on the 1,050' level encountered strong, persistent mineralization over its entire length. Systematic channel assays
Slide 14: McCabe Mine - 1050' Level
McCabe Mine - 1050' Level Grant Morin, miner, and Birl W. Worley, Vice-President of Operations, at the 1050 level of the McCabe Mine (BHP Annual Report 1996). ARIZONA EAGLE MINING TSX.V: AZEM | OTCQB: AZEMF 14
Slide 15: McCabe Mine - 1050' Level, Channel Sampling
McCabe Mine - 1050' Level, Channel Sampling “Richard Pape, mining geologist, is shown cutting a channel sample from the north face (N 664.8) on the 1050' level of the McCabe Mine.” Detailed channel sampling was completed by Stan West in 1983 returning: 0.41 opt (14.1 g/t) gold 2.6 opt (89 g/t) silve
Slide 16: McCabe Mine - 1050' Level, Sampling
McCabe Mine - 1050' Level, Sampling Detailed sampling was carried out every 6-8' over the entire length of the drift Drifting 6' x 7' The 1050' returned an average grade of 0.41 opt (14.1 g/t) gold, 2.6 opt (89 g/t) silver over a 650' drift length Diagram showing the typical mineralized structure fo
Slide 17: McCabe Mine - Adjacent and Parallel Structures
McCabe Mine - Adjacent and Parallel Structures McCabe-Gladstone Zone “This zone has a strike length of over 3000' and previously supported high grade gold and silver production down to the 1000' level.” Rebel-Little Kicker Zone “This zone is adjacent to the McCabe-Gladstone and extends for 2600'. Fo
Slide 18: Eagle Project - Drill Cost Savings Analysis
Eagle Project - Drill Cost Savings Analysis Drilling costs from surface are approximately US$100/foot Targeting the 850'-1,400' levels from surface requires hundreds of additional drilling From underground a small drill (lower cost) and dramatically few feet (lower cost) Investing in the infrastruct
Slide 19: Eagle Project - District Scale with Significant Upside
Eagle Project - District Scale with Signficant Upside Located in historic mining district of Yavapai County, Arizona ~4,169 acres of BLM claims and 420 acres of patented land with water rights 100% ownership; 2% NSR with 1% buyback option for US$1M McCabe Mine hosts a historic estimate of 877,617 ou
Slide 20: Gold and Silver Zones - Expansion Potential
Gold and Silver Zones - Expansion Potential 15,000' McCABE MINE 300' shaft depth 500' shaft 260' shaft depth depth Possible Extension of Historic McCabe Vein System Resource Estimate¹ 650 ft Eagle Gold Zone Eagle Silver Zone Historic Resource Estimate: 877,617 ounces of gold at a grade of 11.7 g/t g
Slide 21: Eagle Project - Past Producing Mines
Eagle Project - Past Producing Mines ~4,169 acres of BLM claims and 420 acres of patented land with water rights 10 historic shafts on private ground Parallel structure to the McCabe Mine, the “Freeman” to the north and the “Adventure” system to the south Many miles of prospective length to exlpore,
Slide 22: Eagle Silver Project
Eagle Silver Project Arizona Eagle has acquired three past- producing, high-grade siver mines: High-grade silver (500 g/t), lead (3%) and zinc (4%) mined from the 1870s to 1930s Historic shafts reach a maximum depth of 500' Only shallow oxides were mined historically, sulphides open for expansion at
Slide 23: Eagle Silver - Silver Belt Mine
Eagle Silver - Silver Belt Mine Silver Belt is the oldest recorded mine in the Big Bug district, which hosts the McCabe and Iron King mines Discovered in 1870 Located on strike with the McCabe Mine, and between the Lookout and Arizona National silver mines No mining or exploration undertaken since t
Slide 24: Eagle Copper Zone - Unlocking High-Impact VTEM Targets
Eagle Copper Zone - Unlocking High-Impact VTEM Targets VTEM survey completed in February 2025 identified a large VMS-type anomaly beneath high-grade copper-gold zones EM target spans 3000' x 3000', indicating strong scale potential Planned drilling to test for gold-rich copper VMS mineralization sim
Slide 25: Eagle Copper Zone - Untested VMS Potential
Eagle Copper Zone - Untested “VMS” Potenial Outcrop sampling completed in 2024 and 2025 on the southeast of the Eagle Project intersected multiple copper- and silver-rich veins More than 6000' of strike length is untested with no historic drilling Select copper samples grading up to ~27.6%, silver g
Slide 26: Key Upcoming Near-term Catalysts
Key Upcoming Near-term Catalysts Evaluating Accessing the Underground (Phase 1) via the Sooner Shaft Arizona Eagle is evaluating opportunities to access the underground through the rehabilitation of the Sooner shaft Skytem Survey (August 2026) Helicopter-borne time-domain electromagnetic (TEM) surve
Slide 27: Summary Highlights
Summary Highlights High Grade Resource, McCabe Mine hosts historic estimate of ~877,617 ounces of gold grading 11.7 g/t and 5,119.169 ounces of silver grading 69 g/t Past Producer McCabe Mine produced 60,000 gold with 17,000' of underground development during 1987-88 leaving behind an estimated ~820
Slide 28: Contact Information
Contact Information Kevin Reid, MBA President and CEO kreid@arizonaeglemining.com www.arizonaeaglemining.com @AzEagleMining Arizona Eagle Mining Corp ARIZONA EAGLE MINING TSX.V: AZEM | OTCQB: AZEMF 29
Slide 29: Appendix - Eagle Project Site Visit, September 16, 2026
Appendix - Eagle Project Site Visit, September 16, 2026 ARIZONA EAGLE MINING TSX.V: AZEM | OTCQB: AZEMF 30
Slide 30: Appendix - Eagle Project Site Visit
Appendix - Eagle Project Site Visit Arizona Eagle hosted a site visit to the Eagle Project on September 16, 2026 for a highly-experienced team of engineers that specialize in building and operating underground gold and silver mines around the globe The purpose of the visit was to examine the existin
Slide 31: Appendix - Sooner Shaft
Appendix - Sooner Shaft The Sooner Shaft provided access to the McCabe Mine until 1993 when it was flooded as production ceased The 14-foot diameter shaft was reopened in September for the first time since it was decommisioned in 1993 Water samples were taken from the shaft to determine if the water
Slide 32: Appendix - Sooner Shaft Inspection
Appendix - Sooner Shaft Inspection Preliminary examintion of the shaft concrete and steel indicates that the workings are in excellent condition with little evidence of corrosion or erosion A camera was lowered down the shaft to the bottom, a depth of 1,620 feet, without encountering any obstruction
Slide 33: Appendix - Ventilation Raise
Appendix - Ventilation Raise Arizona Eagle located and reopened the McCabe Mine ventilation shaft, located ~1,300 feet south of the Sooner shaft, in early September 2026 The ventilation raise was reopened, water samples were taken, and a camera lowered to a depth of 430 feet with no obstructions enc
Slide 34: Appendix - Mine Dewatering
Appendix - Mine Dewatering The Company has been in contact with the Arizona Department of Water Quality and have identified a number of locations that allow for discharge pumping without any additional permitting requirements Water testing is currently underway to confirm that the shaft water does n
Slide 35: Appendix - Reverse Alimak, Example Setup
Appendix - Reverse Alimak, Example Setup ARIZONA EAGLE MINING TSX.V: AZEM | OTCQB: AZEMF 36
Slide 36: Appendix - Reverse Alimak, Example Setup
Appendix - Reverse Alimak, Example Setup ARIZONA EAGLE MINING TSX.V: AZEM | OTCQB: AZEMF 37
Slide 37: Appendix - Reverse Alimak, Example Setup
Appendix - Reverse Alimak, Example Setup ARIZONA EAGLE MINING TSX.V: AZEM | OTCQB: AZEMF 38
Slide 38: Appendix - Phase 1 Drilling
Appendix - Phase 1 Drilling Surface Drilling (HQ) Underground Drilling (BQ) Phase 1 Targets (830 ft level) 20 20 Metres to reach targets 5,063 600 All-in drill cost (one rig, C$/m) $ 420 $ 208 Total drill cost (C$) $ 2,126,460 $ 124, 600 Drill rate (metre/day) 30 100 Time to completion (months) 5.6
Slide 39: Appendix - Phase 2 Drilling
Appendix - Phase 2 Drilling Surface Drilling (HQ) Underground Drilling (BQ) Phase 2 Targets (1250 ft level) 60 60 Metres to reach targets 22,875 1,800 Drill cost (C$/m) $ 420 $ 111 Total drill cost (C$) $ 9,607,500 $ 200,000 Drill rate (metre/day) with 3 rigs 90 300 Time to completion (months) 8.5 1
Slide 40: Appendix - Phase 3 Drilling
Appendix - Phase 3 Drilling Surface Drilling Underground Drilling 3 rigs at surface underground rigs 10,000 metres drilled to the 1,250 level 10,000 metres drilled to the 1,250 level 26 drill holes 333 drill holes $4,200,000 $1,112,222 ARIZONA EAGLE MINING TSX.V: AZEM | OTCQB: AZEMF 41
Slide 41: Appendix - Early Stage Exploration Permitting Overview
Appendix - Early Stage Exploration Permitting Overview Permit County Mining Exemption Yavapai County Development Services Mine Land Reclamation Plan State Mine Inspector Federal Right of Way Bureau of Land Management Land Use Authorization Yavapai County Development Services State Right of Way State
Slide 42: Appendix - Advanced Exploration Permitting Overview
Appendix - Advanced Exploration Permitting Overview 2 4-8 6 12-18 Immediate months months months months Radio Communications Air Quality Permit Mine Land Aquifer Protection General Construction License Reclamation Permit Permit Triggered prior to the construction Plan Update Triggered after the Trig
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