Canex Metals Inc · TSXV:CANX
Canex Metals — Investor Presentation (December 2025)
24 slides from Canex Metals's investor presentation, December 2025
Slide 1: Creating Value Through Discovery: Gold and Copper Focused
CANX:TSX Venture Exchange CREATING VALUE THROUGH DISCOVERY: GOLD AND COPPER FOCUSED Corporate Presentation December 2025 www.canexmetals.ca
Slide 2: Cautionary Statement
CANX:TSX Venture Exchange CAUTIONARY STATEMENT The information contained in this presentation is provided by CANEX Metals Inc. (“CANEX”, “CANEX Metals” or the “Company”) Certain Statutory Rights for Canadian Investors for informational purposes only and does not constitute an offer to issue or arran
Slide 3: Overview: CANEX Metals
CANX:TSX Venture Exchange OVERVIEW: CANEX METALS Well Positioned For Significant Growth • CANEX is focused on creating value for its shareholders by acquiring, exploring and developing projects cost efficiently at the bottom of the market and aggressively advancing and monetizing these assets in rob
Slide 4: Share Structure
CANX:TSX Venture Exchange SHARE Sponsored by Sophisticated Mining Investors STRUCTURE • +60% of stock tightly held • Patient, long-term capital that matches business plan Nov 18th, 2025 Ownership Shares 146.6 million 66.6M HIGH NET WORTH RETAIL Issued and Outstanding Shares 5% 6% 34.4M RETAIL 7 mill
Slide 5: Experienced & Successful Management Team
CANX:TSX Venture Exchange EXPERIENCED & SUCCESSFUL MANAGEMENT TEAM From 2002 to 2008 our team, with Tyler Resources, discovered and subsequently sold a half billion tonne copper porphyry deposit in Mexico to Jinchuan Group for $214 million. From 2007 to 2011 our team, (formerly Northern Abitibi Mini
Slide 6: Gold Basin Mining District
CANX:TSX Venture Exchange GOLD BASIN MINING DISTRICT Two public Companies control the district • Widespread historic underground mining from the 1880’s with small scale open pit mining in the 1980’s • The district has never been consolidated and explored as one system – low risk high potential upsid
Slide 7: Overview: Gold Range Project
OVERVIEW: GOLD RANGE PROJECT • Widespread high grade gold veins over a 3 km by 4 km surface area – some with larger lower grade halos • Multiple gold zones identified along a 4 km mineralized trend showing strong grades and near surface bulk tonnage potential • ONLY 138 holes drilled to date, all zo
Slide 8: CANEX Gold Range Drill Results
CANEX GOLD RANGE DRILL RESULTS • Multiple holes returning gold grades in excess of 0.5 g/t (industry avg for W. USA heap leach projects) • New discovery at WestGold 0.7 g/t Au over 35m – target has scale1 Bulk Tonnage Potential1 (near surface intercepts) Hole GR21-37: 2.2 g/t Au over 24.4m within 1.
Slide 9: CANEX - Excelsior Zone
CANX:TSX Venture Exchange CANEX - EXCELSIOR ZONE • Strong grades, oxidized, and near surface • Excellent open pit geometry and expansion potential • Open along strike and Parallel zones identified 54 holes into zone near term resource • 1.0 g/t Au over 59.5m including 1.4 g/t over 32m potential • 1.
Slide 10: CANEX WestGold Zone
CANX:TSX Venture Exchange CANEX WESTGOLD ZONE • Flat dipping zone daylights around top of large hill, ideal open pit target • Well constrained by mapping and sampling, discovery hole in 2023 returned 35m @ 0.7 g/t Au , zone remains open for drill testing Never been drill tested prior to CANEX, fully
Slide 11: Overview: Gold Range Project
CANX:TSX Venture Exchange OVERVIEW: GOLD RANGE PROJECT Metallurgy Excelsior Zone. Moderately dipping • Excellent cyanide soluble gold recoveries to date high-grade quartz veins surrounded by • Results from 8 bottle roll tests on drill samples across the stockwork system and from different depths ret
Slide 12: Arizona – Gold Basin District Consolidation Opportunity
CANX:TSX Venture Exchange ARIZONA – GOLD BASIN DISTRICT CONSOLIDATION OPPORTUNITY • Consolidate an advanced oxide gold district hosting multiple gold zones with strong drill results across an 8 x 8 km area • Combines a 6.5 km plus mineralized trend hosting 2 partially drill defined mineralized zones
Slide 13: CANEX Makes Offer to Acquire 100% of Gold Basin Resources
CANEX MAKES OFFER TO ACQUIRE 100% OF CANX:TSX Venture Exchange GOLD BASIN RESOURCES (TSX.V:GXX) • All share offer of 0.592 CANEX share for each Gold Basin Resources share • The offer equates to a valuation of CAN$8 million and a 31.6% premium based on CANEX’s closing price on September 6, 2025 • Com
Slide 14: District Consolidation Advantages: Gold Basin
CANX:TSX Venture Exchange DISTRICT CONSOLIDATION ADVANTAGES: GOLD BASIN Long sections • Sections through the main deposits on Gold Basin ground show near term resource potential Stealth Cross Section • Deposits on Gold Basin ground show Gap Cross Section expansion potential along strike and to depth
Slide 15: Arizona Consolidation Opportunity
CANX:TSX Venture Exchange ARIZONA CONSOLIDATION OPPORTUNITY The consolidation of CANEX & GXX is in the best interest of shareholders of both companies for the following reasons: Enhanced Position For Significant Growth- at the start of a new precious metals bull market Bring to market a newly consol
Slide 16: Arizona Consolidation Opportunity: Valuation
ARIZONA CONSOLIDATION OPPORTUNITY: VALUATION Data from public sources including company websites, valid as of November 12, 2025 16
Slide 17: CANEX Metals Louise Cu-Au Project
CANX:TSX Venture Exchange CANEX METALS LOUISE CU-AU PROJECT • SIGNIFICANT HISTORIC RESOURCE: 0.92 million oz gold inferred plus 0.18 million oz gold indicated with 658 million lbs copper inferred plus 132 million lbs copper indicated • STRONG GRADES NEAR SURFACE: Historic intercepts including 158 me
Slide 18: Louise Project: Opportunity
LOUISE PROJECT: OPPORTUNITY British Columbia: Numerous active porphyry mines Excellent porphyry exploration potential Some of the World’s major mining companies are exploring for porphyries in British Columbia: Junior Explorers have had market success and attention from Majors Hercules Silver Corp (
Slide 19: Louise Project: Targeting Concept
LOUISE PROJECT: TARGETING CONCEPT • Porphyries are large deep rooted mineralized systems spatially associated with porphyritic intrusions • Louise contains a strong Cu-Au system potentially separated from the conceptual main body by the “Terminator Fault” • The big prize is not the known zone but th
Slide 20: Louise Project: Low Cost Proof of Concept
CANX:TSX Venture Exchange LOUISE PROJECT: LOW COST PROOF OF CONCEPT • CANEX commissioned an Alpha IPTM wireless time domain distributed induced polarization survey at Louise in May and June, 2025 (total program cost around $325,000) • Two new and previously untested targets have been identified, the
Slide 21: CANEX Metals Louise Cu-Au Project
CANX:TSX Venture Exchange CANEX METALS LOUISE CU-AU PROJECT • The Louise Deep Target has been identified immediately north and below the Louise deposit • The Louise deposit has been truncated at depth by the flat dipping Terminator Fault and finding the “deep roots” or “main body” of the deposit was
Slide 22: CANEX: Next Steps
Historic open pit and underground CANEX: NEXT STEPS producer - Excelsior Multiple Paths to Success • Aggressively pursue CANEX – Gold Basin merger opportunity with potential to consolidate a large oxide gold system in Arizona Drill discovery at WestGold 2023 • Rapidly advance the combined district,
Slide 23: Creating Value Through Discovery
CANX:TSX Venture Exchange CREATING VALUE THROUGH DISCOVERY CANEX Metals For More Information: Suite 1620, 734 – 7th Ave S.W. Dr. Shane Ebert P. Geo. Calgary, AB, T2P 3E8 President Ph. 403-233-2636 shane@canexmetals.ca www.canexmetals.ca Ph 250-649-9356
Slide 24: Appendix A: Canadian Investor Rights
CANX:TSX Venture Exchange APPENDIX A Canadian Investor Rights In certain circumstances, purchasers resident in certain provinces and territories of Canada are provided with a remedy for rescission or damages, or both, in addition to any other right they may have at law, where an offering memorandum