Orogen Royalties Incorporation · TSXV:OGN
Orogen Royalties Incorporation — Orogen Royalties — Investor Presentation (September 2026)
27 slides from Orogen Royalties Incorporation's investor presentation, September 2026
Slide 1: Investor Presentation
TSX.V: OGN OTCQX: OGNNF orogenroyalties.com INVESTOR PRESENTATION SEPTEMBER 2026
Slide 2: Disclaimer, Notes & Disclosures
Disclaimer, Notes & Disclosures This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties (the "Company“) expects to occur, a
Slide 3: Corporate Snapshot
Leadership Corporate Snapshot Financial Summary Shareholders Paddy Nicol President, CEO & Director Market Cap $290M(1) Altius Minerals Corp. 16.4% Share Price $4.89(1) Adrian Day / Europacific 12.3% Marc Tran Working Capital $33M(2) Triple Flag Precious Metals 11.4% Chief Financial Officer Shares I/
Slide 4: Overview
OVERVIEW Unique Business Strong Balance Stable Cash Model Sheet Flowing Asset 35 of 41 $33M $12M Royalties Organically Working Capital Revenue from Ermitaño Generated as of June 30, 2026 Last twelve months TSX.V: OGN OTCQX: OGNNF 4
Slide 5: Organic Royalty Generation
Organic Royalty 01 Generate Generation Identify and stake high-potential mineral opportunities. A repeatable, four-step model 02 Partner Advance projects through strategic partnerships. 03 Retain Keep royalty interests as projects progress. 04 Scale Continue to build a diversified portfolio of royal
Slide 6: Capital-Efficient Exposure to Discovery
Capital-Efficient Exposure to Discovery Geological Capital Discipline Scalable Exposure Long-Term Innovation Focused early-stage Multiple projects and Optionality investment with partners partners creating repeated Technical expertise applied Royalty interests provide funding capital intensive expos
Slide 7: From Discovery to Value Creation
From Discovery to Value Creation 1% NSR Arthur Gold $150k US$3M $343M Project Staked in 2014 Invested by Option Payments Transaction Orogen Received Value 2% NSR Ermitaño $150k US$1M $34M Mine Staked in 2011 Invested by Option Payments Royalty Revenue Orogen Received to Date TSX.V: OGN OTCQX: OGNNF
Slide 8: Project Generation Snapshot
Project Activity Since August 2020 Project Generation Snapshot 15 Annual Gains from Project Generation (in CAD$) New Projects Staked $4.0 or Acquired $3.5 $7.2M $3,040,000 25 $3.0 Total Gains from Project Generation $2.5 Royalties Created since formation of Orogen $1,847,000 $2.0 $1,420,000 8 $1.5 $
Slide 9: Our Global Portfolio
Our Global Portfolio Haldane CANADA 1 7 33 HWY 37 Flagship Emerging Pipeline MPD South Maggie Creek 19 USA Spring Peak La Rica 3 4 5 Ermitaño Sonora, Mexico ARGENTINA KENYA COLOMBIA As of Sept. 3, 2026 TSX.V: OGN OTCQX: OGNNF 9
Slide 10: Flagship Royalty
Flagship Royalty 2% NSR 167 km2 First Majestic Sonora, Mexico Au, Ag Ermitaño Royalty AOI Operator Location Metal 88 koz1 1.4 Moz1 Santa Elena Mine 2.0% NSR 1.5% NSR other Orogen royalty Gold Production in Silver Production in 2025 2025 Ermitaño Mine 5 km HIGHLIGHTS 01 ~71 koz Au and ~1.5 Moz Ag 202
Slide 11: Ermitaño
Flagship Royalty 2% NSR 167 km2 First Majestic Sonora, Mexico Au, Ag Ermitaño Royalty AOI Operator Location Metal Long Section of the Ermitaño Mine Complex 2 Significant New Discovery of the Winter Vein System at W NAVIDAD SPLAY-ERMITAÑO CENTRAL LUNA E Navidad Ermitaño Mine Mineralization occurs onl
Slide 12: Partner-Funded Exploration
2026 Exploration Partner-Funded Exploration Activity Select Emerging Royalty Drill Programs $100M+ Emerging HWY 37 Emerging MPD South Raised by partners to support exploration Kingfisher Metals Kodiak Copper 14 Drilling new Hank Drilling for resource porphyry discovery expansion and upgrades Propert
Slide 13: Hwy 37 | Hank & Ball Creek
Emerging Royalty Kingfisher 1–3% NSR* 580 km2 BC, Canada Cu, Au Hwy 37 | Hank & Ball Creek Royalty AOI Metals Operator Location Metal The Largest Contiguous Land Package in the Golden Triangle Not 2026 Drill Owned by a Major Mining Company Program Focus Ball Creek East HIGHLIGHTS Ball Creek Over 15,
Slide 14: Haldane
Emerging Royalty Silver North 2% NSR 86 km2 YT, Canada Ag, Zn, Pb Haldane Royalty AOI Resources Operator Location Metal HIGHLIGHTS Recent drilling demonstrates Keno style silver bearing $11.5M 01 veins, vein breccia and stockwork mineralization Raised to support 2026 exploration efforts Highlight in
Slide 15: MPD South
Emerging Royalty 2% NSR 50 km2 Kodiak Copper BC, Canada Au, Cu MPD South Royalty AOI Operator Location Metal HIGHLIGHTS 01 Multiple copper-gold porphyry targets in south central British Columbia 02 Initial resource estimate on Orogen royalty claims published December 2025 03 All zones remain open in
Slide 16: La Rica
Emerging Royalty Colombia 1% NSR 160 km2 Colombia Cu, Au La Rica Royalty AOI Copper Operator Location Metal HIGHLIGHTS 01 Large untested porphyry target in northernmost extension of the prolific Andean Copper belt Strongly anomalous copper in soils, stream 02 sediments and rocks with outcropping cop
Slide 17: Maggie Creek
Emerging Royalty Nevada Gold 2% NSR* 8 km2 Nevada, USA Au Maggie Creek Royalty AOI Mines Operator Location Metal HIGHLIGHTS 01 Adjacent to the Gold Quarry Mine (M&I of 8.2 Moz) within the Carlin Trend 02 Earn-in includes US$5 million cash, US$6 million work and a 2% NSR royalty 03 Prospective Carlin
Slide 18: Spring Peak
Emerging Royalty Headwater 1% NSR* 18 km2 Nevada, USA Au Spring Peak Royalty AOI Gold Operator Location Metal HIGHLIGHTS 01 Funded by Headwater and Newmont Gold since August 2022; Newmont recently earned 51% interest 02 Discovery of the high-grade Disco vein in 2021 with highlights of 2.73 g/t Au ov
Slide 19: Our Greenfield Generative Exploration Alliances
Our Greenfield Generative Exploration Alliances Exploration Alliances How it Works 01 Alliance structures provide dedicated funding to advance exploration within defined Areas of Interest 02 Predefined terms establish participation and Nevada, USA Utah, USA royalty rights on projects generated throu
Slide 20: Upcoming Catalysts
UPCOMING CATALYSTS Navidad Expansion Partner-Funded Generative 1 2 3 at Ermitaño Exploration Exploration • Expanded and upgraded • Fourteen partner-funded drill • Four new projects staked in resources at Navidad vein programs totaling 70,000 2026 system metres forecasted for 2026 including: • Partne
Slide 21: Appendix
Appendix TSX.V: OGN OTCQX: OGNNF 21
Slide 22: From Generation to Monetization
PROVEN MODEL 01 Generate 02 Partner 03 Retain 04 Scale Arthur Gold: Value Creation Timeline Apr 22 $2.00 Feb 20 Resource Apr 25 Update Technical Report From Generation Feb 26 Merlin to Monetization Feb 23 Aug 08 Merlin Resource Resource Target Orogen’s royalty generation model Update in action—from
Slide 23: Our Exploration Partners
Our Exploration Partners TSX.V: OGN OTCQX: OGNNF 23
Slide 24: Orogen Asset Index
Orogen Asset Index • Flagship • Emerging o Pipeline • Available Option Asset Partner Location Metal Royalty Interest Agreement • Ermitaño First Majestic Silver Mexico Gold, Silver 2.0% NSR Generated • Haldane Silver North Resources Canada Silver, Lead, Zinc 2.0% NSR Acquired • Hwy 37: Hank Kingfishe
Slide 25: Orogen Asset Index
Orogen Asset Index • Flagship • Emerging o Pipeline • Available Option Asset Partner Location Metal Royalty Interest Agreement o Ecru Aurbis Resources USA Gold 2.0% NSR Generated o El Meridiano Magna Terra Minerals Argentina Gold 1.0% NSR Generated o Firenze Altitude Minerals USA Gold, Silver 1.5% N
Slide 26: Orogen Asset Index
Orogen Asset Index • Flagship • Emerging o Pipeline • Available Option Asset Partner Location Metal Royalty Interest Agreement o Si2 K2 Gold USA Gold 2.0% NSR Generated o Sigalagala Shanta Gold Limited Kenya Gold 3.0% NSR Acquired o South Roberts Ivy Minerals USA Gold 0.5–1.0% NSR Generated o Table
Slide 27: Contact Us
SCAN FOR MORE INFORMATION Contact Us Paddy Nicol President & CEO paddy@orogenroyalties.com Marco LoCascio VP Corporate Development marco@orogenroyalties.com +1 604 248 8660 www.orogenroyalties.com info@orogenroyalties.com
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