Slide 1: Exploring for Copper. Finding Copper
TSX-V: FTZ OTCQX: FTZFF EXPLORING FOR COPPER. FINDING COPPER APRIL 2026 TSX-V: FTZ OTCQX: FTZFF Fitzroyminerals.com
Slide 2: Cautionary Statement on Forward-Looking Information
TSX-V: FTZ CAUTIONARY STATEMENT ON OTCQX: FTZFF FORWARD-LOOKING INFORMATION This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, pu
Slide 3: The Copper Snapshot
TSX-V: FTZ OTCQX: FTZFF FTZ.V C$138 M • Good liquidity Chile. • C$28 M cash Punta del Cobre The Candelaria Copper Manto Verde Country Look-alike geology Iron Oxide Copper Gold PFS started (‘IOCG’) • Buen Retiro Heap Leach JV with Pucobre Buen • Potential near-term, Retiro non-operated cash Flagship
Slide 4: Stronger Balance Sheet: More Capital Accelerates Discovery
TSX-V: FTZ STRONGER BALANCE SHEET MORE CAPITAL ACCELERATES DISCOVERY STRONGER BALANCE SHEET OTCQX: FTZFF MORE CAPITAL AC C E L E RATES DISCOVERY BENEFITS O F A N ADDITIONAL Buen Retiro ~C$21 M Buen Retiro Sulphide Discovery ~C$ 21.1 M capital raise Drill-Out 282.2 M shares in issue • Ability to acce
Slide 5: Full Title Option, 90% Rebate 'Claw-Back'
TSX-V: FTZ FULL TITLE OPTION, 90% REBATE ‘CLAW-BACK’ OTCQX: FTZFF INCREDIBLY COST-EFFICIENT EXPLORATION UNTIL TECHNICAL REPORT IS COMPLETED* Option for 100% of Buen Retiro Minimum Eligible Expenses (“EE”) of US$11.3 M By US$7 M exploration / technical Aug 2027 US$4 M bullet payment & US$300 k legal
Slide 6: Pucobre S.A – Best in Class Local Partner
PUCOBRE S.A – BEST IN CLASS LOCAL PARTNER TSX-V: FTZ OTCQX: FTZFF5 THE ONLY PRIMARY COPPER PRODUCER LISTED ON THE SANTIAGO STOCK EXCHANGE US$ 2.1 B Mkt Cap 2024: 35 kt Cu in con, 3 kt Cu cathode ‘El Espino’ (23.7% RCF), US$ 700 M Construction underway 145 Mt @ 0.55% Cu, 0.22 g/t Au. 26 ktpa Cu (con)
Slide 7: Operational Value + Discovery Optionality
OPERATIONAL VALUE + DISCOVERY OPTIONALITY TSX-V: FTZ OTCQX: FTZFF5 TWO PROJECTS IN ONE Heap Leach JV Proven Partner Infrastructure Advantages Non-operated cash-flow Low capital intensity Fresh Sulphide Discovery Potential* • Candelaria-style geology • Manto Verde-style geology * Mineralization descr
Slide 8: A High-Impact Months Ahead: Work Plan
TSX-V: FTZ A HIGH-IMPACT 12 MONTHS AHEAD OTCQX: FTZFF BUEN RETIRO ON THE ROAD TO PRODUCTION. EXPLORATION AT CABALLOS & BUEN RETIRO Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Buen Retiro Copper Infill, sterilization, geotech drilling / metallurgy / MRE / engineering / baseline PFS (Initial) Chile ~C$7-1
Slide 9: Buen Retiro Manto Verde
Hem*. stockwork Coarse cpy** Hem. breccia Calcite-speculariteŦ-cpy TSX-V: FTZ OTCQX: FTZFF Manto Verde Buen Retiro *Hematite **Chalcopyrite Ŧspecularite = a flaky form of hematite f itzr o ym i ner a ls .c om 9
Slide 10: Candelaria
Upper P.del Cobre Fm with cpy veinlets Fine tuff (U P.del Cu Fm) with cpy stringer Upper P.del Cobre Fm with cpy stringers Upper P.del Cobre Fm with cpy TSX-V: FTZ OTCQX: FTZFF Candelaria Buen Retiro Upper P.del Cobre Fm with cpy veinlets Fine andesite with disseminated cpy Upper P.del Cobre Fm with
Slide 11: Candelaria
Albitized Zone Albitized Zone Hornfels Massive Cpy TSX-V: FTZ OTCQX: FTZFF Candelaria SEG International Lecturer, 2026, and consultant, Dr. Irene del Real Contreras considers that: “the structural setting, the geology and the mineralization seen at Buen Retiro is Buen Retiro analogous to that of Can
Slide 12: PFS Focused on the Shallow Mineralization
PFS FOCUSED ON THE SHALLOW MINERALIZATION TSX-V: FTZ OTCQX: FTZFF5 LEACHABLE RESOURCES TYPICALLY OFFER LOW CAPITAL INTENSITY DEVELOPMENT OPTIONS EXTENSIVE OXIDE / TRANSITION / MIXED SURFACE COPPER MINERALIZATION AT BUEN RETIRO Shallow sulphide trend emerging in the North >1700 m continuous mineraliz
Slide 13: A Large Copper Sulphide Prize Below
TSX-V: FTZ A LARGE COPPER SULPHIDE PRIZE BELOW OTCQX: FTZFF5 BUEN RETIRO IS AN ANALOGOUS SYSTEM TO CANDELARIA Long-section N of historical open pit – mineralization in the Upper Pucobre Formation Open to the northeast A major IP anomaly open at depth Most of the underground Candelaria resource is in
Slide 14: Two Projects in One: Corporate
TSX-V: FTZ TWO PROJECTS IN ONE OTCQX: FTZFF14 NON-OPERATED CASH FLOW POTENTIAL TO FUND SULPHIDE EXPLORATION Issued Share Capital 282,293,754 shares In-the-money Share & 24,325,000 options Warrant Premium (17.5 M @ 30,025,368 warrants 25c) C$4.3 M in 2026 336,644,122 fully diluted ~42 M shares p lus
Slide 15: Caballos – A Discovery?
TSX-V: FTZ CABALLOS – A DISCOVERY? OTCQX: FTZFF UNDER-EXPLORED, FERTILE FAIRWAY Los Pelambres 70 km to north Los Bronces 100 km to south Vizcachitas 20 km to southeast Surrounded by Majors Santiago 130 km south 15 f itzr o ym i ner a ls .c om
Slide 16: Caballos: Cu–Mo-Au-Ag-Re System
CABALLOS: TSX-V: FTZ OTCQX: FTZFF Cu–Mo-Au-Ag-Re SYSTEM 18,000 ha DRILLING Strategic licences OPENS A NEW MINERALIZED 2,000 m elevation CORRIDOR Main anomalies 2x 1,200 m Long 200 m @ 0.46% Cu, IP, soil, rock, anomaly 0.06% Mo, 0.07 g/t Au, >10 km strike ‘Pocuro Fault Zone’ including: 98 m @ 0.78% C
Slide 17: Grass-Roots Success – First Drillholes at Caballos
TSX-V: FTZ GRASS-ROOTS SUCCESS – FIRST DRILLHOLES AT CABALLOS OTCQX: FTZFF NEW CU-MO-AU-AG-RE MINERALISING SYSTEM Molybdenum Surface Anomaly mapped 4.5-5x Cu, payable 1150 m x 150 m Sulphides Gold / Rhenium No oxides / transition Potential value CABALLOS 17 SULPHIDES 17
Slide 18: An Experienced Team Focused on Growth
TSX-V: FTZ AN EXPERIENCED TEAM FOCUSED ON OTCQX: FTZFF GROWTH, MOMENTUM AND VALUE IN COPPER AND GOLD DISCOVERIES CRAIG PARRY MERLIN MARR-JOHNSON VICTOR FLORES CAMPBELL SMYTH TECHNICAL ADVISOR PRESIDENT AND CEO, DIRECTOR DIRECTOR CHAIRMAN, DIRECTOR Craig is a geologist with over 25 years of Merlin is
Slide 19: Exploring for Copper. Finding Copper
TSX-V: FTZ OTCQX: FTZFF FTZ.V C$138 M Mkt Cap Good liquidity ~C$28 M cash PFS started EXPLORING FOR COPPER. FINDING COPPER Buen Retiro Heap Leach JV with Pucobre Potential near-term, non- operated cash flow Exploration Upside TSX-V: FTZ a major FTZFF OTCQB: Buen Retiro: mineralised system Caballos:
Slide 20: Contact Us
TSX-V: FTZ OTCQX: FTZFF MERLIN MARR-JOHNSON President and CEO +44 (0) 7803712280 mmj@fitzroyminerals.com CONTACT US TSX-V: FTZ OTCQB: FTZFF info@fitzroyminerals.com www.fitzroyminerals.com