Heritage Mining Ltd. · CSE:HML
Heritage Mining — Investor Presentation (April 2026)
49 slides from Heritage Mining's investor presentation, April 2026
Slide 1: Ontario’s Next Multi-Million Oz Au Discovery In The Making
Ontario’s Next Multi-Million Oz Au Discovery In The Making Investor Presentation CSE:HML FRA:Y66 — Q2 ‘26 CSE:HML FRA:Y66 Heritage Mining Ltd. 1
Slide 2: Legal Disclaimer
Legal Disclaimer Forward Looking Information and Statements Project is derived from the independent technical report entitled “NI 43-101 Technical This presentation contains “forward-looking information” for purposes of applicable Report on the Drayton - Black Lake Project, Drayton and Benedickson T
Slide 3: Why Not Melba?
Why Not Melba? Melba – Ontario’s next Multi-Million Oz Gold Discovery in the making First Modern Confirmation & Expansion program since 1937 production Large Land Package ~4,142 Ha On Trend with +1Moz Au Deposits and Historic Mines: 3 • McEwen Inc. – Black Fox Complex Ross Mine ~1MozAu, Mayfair Gold
Slide 4: Western Ontario Portfolio
Western Ontario Portfolio District Scale Discovery Potential in NW Ontario, Canada Additional Drill Targets 2026 Project Portfolio Ontario, Canada Drayton – Black Lake Project (~19,302 Ha) New Discovery (2025): Mega Au Bearing Quartz Vein System in Mag Anomaly ~2km Contact Bay Project (4,516Ha) Avai
Slide 5: VG + High-Grade Gold
VG + High-Grade Gold Melba Mine – High-Grade Historical Au Mine ~4,142Ha Fully Funded In House Drilling and Exploration Program: 2025/2026: Active Drilling Confirming Historical and New High-Grade Zones Multiple High-Grade Intercepts, near surface across ~100m Strike, open in all directions • ML3900
Slide 6: Why Investors Should Be Excited
Why Investors Should Be Excited 300 L Bearing: 308 Dip: -0 Window +/- 60m New High-Grade Au Zone Parallel Vein Structures 275 L 50m Veins Exposed at Surface Historical commentary of UG-Y-60 multiple visible gold ML3850 - 003 occurrences ML3850-001 ML3900-001 250 L 1 ML3850-002 Gold Grade Increases a
Slide 7: Melba Project Multiple Fine Grains of Visible Gold
300 L 300 L Melba Project ML3840-003, Cross Section Melba Mine – 2026 Assays Pending Current Drill Pad 275 L Hole ID Au g/t Interval Highlights Zone Visible Gold 50m UG-B-60 6.95g/t Au 13.41m from 0.61m* (Fine UG-C-60 5.46g/t Au 15.39m from 1.07m* 275 L Grain) New High- UG-E-60 4.05g/t Au 9.85m from
Slide 8: Significant Exploration Upside
Significant Exploration Melba Mine – Path Forward Upside Planned Program 2026 Rapidly Develop Melba Mine Footprint to Multi Million AuOz Target Potential Leveraging Historical data for the First Modern Confirmation & Expansion program since 1937 2 Market Cap ~C$129B 3 Melba Mine 1. Staked Claims – 1
Slide 9: News Flow and Upcoming Catalyst
News Flow and Upcoming Catalyst Q2/26 Q3/26 Q4/26 Q1/27 Project Portfolio April May June Melba Mine Expansion: Diamond Drilling - Ongoing Melba Project (4,142 Ha) Property Wide Target Geophysics & Generation, New Target Diamond Drilling 9 Structural Geochem, Drill Analysis Permitting Heritage Mining
Slide 10: Company Snapshot
Company Snapshot Summary Warrant Breakdown Couloir Capital (Buy: Implied Financing Coverage C$0.40) Exercise price Warrants O/S (000’s) (000's) Current Share Price* C$0.03 0.05 51,266 2,563 Basic (Share o/s) ~223M 0.075 14,063 1,054 Market Capitalization* ~C$7.80M 0.09 592 53 Ave. Volume (60 Days) ~
Slide 11: Board of Directors
Board of Directors Management & Technical Team Peter Schloo, CPA, CA, CFA Patrick Sullivan CEO, President & Director Corporate Secretary Director of Silver Crown Royalties Inc., Ramp Metals, and Pacific Mr. Sullivan is a mining, M&A and securities lawyer at a national law Empire Minerals Corp., Foun
Slide 12: Strategic Geology Advisors
Strategic Geology Advisors Dr. Brett Davis Brett is widely regarded in the exploration and mining industry for his application of applied structural geology to numerous commodity types and mineral deposit styles. The approach Brett has brought to understanding mineralizing environments globally is a
Slide 13: Ontario Project Portfolio
Ontario Project Portfolio In House Drill Team Photo Booth 13 Heritage Mining Ltd. D5 Dozer
Slide 14: Summary
Summary Melba – Ontario’s next Multi-Million Oz Gold Discovery in the making First Modern Confirmation & Expansion program On Trend with +1Moz Au Deposits and Historic Mines since 1937 Proven Management and Board Capitalized at a premium with significant insider In House Drilling Operation participa
Slide 15: Appendix
Appendix Melba – Ontario’s next Multi-Million Oz Gold Discovery in the making 15 Heritage Mining Ltd. CSE:HML FRA:Y66
Slide 16: Melba Mine – Historical Map
Heritage Mining Ltd. 16 Melba Mine – Historical Map CSE:HML FRA:Y66
Slide 17: Melba Project Multiple Fine Grains of Visible Gold
P2090039.ORF Melba Project Visible Gold ML3840-001 from ~31m Multiple Fine Grains of Visible Gold Multiple Fine Grains of Visible Gold 10x Magnification of Left Image Examples of Multiple Fine Grains of Visible Gold
Slide 18: Melba Project
Melba Project Plan View Melba Mine – March 2026 Diamond Drill Program Hole ID Au g/t Interval Highlights 8.57g/t Au 3m from 72m ML3900-002 Finished in Au Mineralization Visible Gold noted in core 9.06g/t Au 1m from 52m, Terminated at ML3850-003 underground workings 1 250 L ML3840-001 1.45g/t Au over
Slide 19: Melba Project
300 L Current Pad Bearing: 296 Dip: -0 (ML3840) 300 L Melba Project Window +/- 60m Cross Section Melba Mine – 2026 Current Drill Pad 275 L Hole ID Au g/t Interval Highlights Zone Au g/t 0.000 – 0.007 UG-B-60 6.95g/t Au 13.41m from 0.61m* Visible 0.007 – 0.500 UG-C-60 5.46g/t Au 15.39m from 1.07m* Go
Slide 20: Melba Project
300 L 300 L Melba Project Cross Section Melba Mine – 2026 Current Drill Pad 275 L Hole ID Au g/t Interval Highlights Zone Visible Gold 50m UG-B-60 6.95g/t Au 13.41m from 0.61m* (Fine UG-C-60 5.46g/t Au 15.39m from 1.07m* 275 L Grain) New High- UG-E-60 4.05g/t Au 9.85m from start of hole* Grade Gold
Slide 21: Melba Project – March 2026 UG Infrastructure
Melba Project – March 2026 Cross Section Looking Azimuth 300 Melba Section Width +/-20m Planned Holes UG Infrastructure Hole ID Au g/t Interval Highlights Intercept in DDH 37-18 is UG-B-60 6.95g/t Au 13.41m from 0.61m* ~17m behind the section 21 Intercept is UG-C-60 5.46g/t Au 15.39m from 1.07m* on
Slide 22: Melba Project
300 L Current Pad Bearing: 296 Dip: -0 (ML3840) 300 L Melba Project Window +/- 60m Cross Section Melba Mine – 2026 Current Drill Pad 275 L Hole ID Au g/t Interval Highlights Zone Au g/t 0.000 – 0.007 UG-B-60 6.95g/t Au 13.41m from 0.61m* Visible 0.007 – 0.500 Gold 0.500 – 2.000 275 L UG-C-60 5.46g/t
Slide 23: Mag Survey – Ontario
Mag Survey – Ontario Melba Mine – High-Grade Historical Au Mine ~4,142Ha 2026 Planned Program: Rapidly Develop Melba Mine Footprint to Multi Million AuOz Target Potential 2026 Large Scale Exploration Program Targeting Program 2 • Diamond Drilling 3 • Geophysics 1 • Geochemistry 23 Leveraging Histori
Slide 24: Investment Opportunity
Investment Opportunity Melba Mine – High-Grade Historical Au Mine ~4,142Ha Fully Funded In House Drilling and Exploration Program: 1. Active Drilling Confirming 2 Historical and new High-Grade 3 Zones 2. Significant Strike Extension +3km 1 24 3. Multiple High Priority Areas of Interest Heritage Mini
Slide 25: Investment Opportunity
Investment Opportunity Melba Mine – High-Grade Historical Au Mine ~4,142Ha Fully Funded In House Drilling and Exploration Program: 1. Active Drilling Confirming Historical and 2 Market Cap ~C$129B 3 new High-Grade Zones Melba Mine 1. Staked Claims – 100% 2. DH Exploration Claims – 100% 2. Significan
Slide 26: Investment Opportunity
Investment Opportunity Melba Mine – High-Grade Historical Au Mine ~4,142Ha Fully Funded In House Drilling and Exploration Program: 1. Active Drilling Confirming 2 Historical and new High-Grade 3 Zones 2. Significant Strike Extension +3km 1 26 3. Multiple High Priority Areas of Interest Heritage Mini
Slide 27: Investment Opportunity
Investment Opportunity Melba Mine – High-Grade Historical Au Mine ~4,142Ha Fully Funded In House Drilling and Exploration Program: 1. Active Drilling Confirming 2 Historical and new High-Grade 3 Zones 2. Significant Strike Extension +3km 1 27 3. Multiple High Priority Areas of Interest Heritage Mini
Slide 28: Drayton-Black Lake Project Area
District Scale Discovery Potential in Drayton-Black Lake Project Area NW Ontario, Canada Market Cap. C$5M Drayton – Black Lake Project Market Cap. ~C$434M Multiple Deposit Potential *Ind: 0.07 Moz Au *Ind: 0.94 Moz Au *Inf: 0.70 Moz Au *M&I: 1.12 Moz Au 28 *Inf: 0.07 Moz Au Heritage Mining Ltd. Mark
Slide 29: Split Lake Area – Visible Tailings Pile
Drayton – Black Lake Split Lake Area – Historic Map P2090039.ORF Melba Project Visible Gold ML3840-001 from ~31m Drayton – Black Lake Split Lake Area – Tailings Samples Visible Tailings Rock Pile Sample Highlights: Pile* • Average Grade 3.72g/t Au Multiple of 18 Fine Grains samples included in the v
Slide 30: Alcona Area – Visible Tailings Pile
P2090039.ORF Drayton – Black Lake Alcona Area– Historic Map Waste Pile Drayton – Black Lake Alcona Area – Tailings Samples Visible Tailings Pile* N Of the 30 samples taken, 20 Samples registered gold values from 0.006g/t Au up to 4.1g/t Au, average grade ~0.53g/t Au* on ~40,000 tonnes of mining wast
Slide 31: DBL – Zone 3 – Summary
The Next District-Scale Discovery in NW DBL – Zone 3 – Summary Ontario, Canada Located about the contact between granitic intrusion (Lake of Bays Batholith) and mafic metavolcanic rocks (Sioux Lookout Greenstone Belt). 2025 Exploration Program confirmed a broad zone of gold mineralization within a M
Slide 32: DBL – Zone 3
The Next District-Scale Discovery in NW DBL – Zone 3 Ontario, Canada 32 Heritage Mining Ltd. CSE:HML FRA:Y66 HML25-013, 014 Cross section with 2024 Drone Mag Survey
Slide 33: DBL – Zone 3
The Next District-Scale Discovery in NW DBL – Zone 3 Ontario, Canada 33 Heritage Mining Ltd. CSE:HML FRA:Y66 Showing the completed and proposed holes testing the northeast-southwest trending magnetic lineament
Slide 34: Historic High Grade Ore Shoot
Historic High Grade Ore Shoot: 70,000 Tonne at 8.16 g/t Au (1980) Not 43-101 Compliant Zone 3 Extension 2025 Fall Drill Program with 2024 Drone Mag Survey 2025 Exploration Results Confirm Anomalous Gold, structurally controlled over 1km in strike length DDH25-016: 0.10g/t Au over 8m from 88m includi
Slide 35: DBL – Zone 3 Geology
The Next District-Scale Discovery in NW DBL – Zone 3 Ontario, Canada Zone 3 - Geology Decimeter- to meter-wide quartz K-feldspar pegmatitic dykes cut predominantly through the granite but are also present, albeit less prevalently, in the mafic metavolcanic host rock adjacent to the batholith. These
Slide 36: DBL – Zone 3 Extension
DBL– Zone 3 Extension 2024 Prospecting Program – 2024 Easy Access – Road accessible – Via Logging Roads 2024 Zone 3 drill locations Mineralized Granite (Pyrite, Sulfides) Mineralization in mafic volcanics (Arsenopyrite) 36 Quartz Vein and sulfide mineralization associated with pegmatites cutting thr
Slide 37: DBL – Zone Extension
DBL– Zone 3 Extension 1. 2022 Heli MAG 2. 2024 UAV MAG 2024 Prospecting Program and TMI (2024 and 2024 Data) 3. 2024 Pilot 1980 0.98g/t Au Ground MAG Easy Access – Road accessible – Via Logging Roads Felsic 2 Metavolcanics 1 100.5ppm Mo 39.9ppm Mo 222ppm Mo 3 2024 Zone 3 drill locations 7.38g/t Au L
Slide 38: DBL – Zone 3 Extension
DBL– Zone 3 Extension 2024 Exploration and Prospecting Program 38 Heritage Mining Ltd. Mineralized Granite Assayed 7.38g/t Au Potassic and Carbonate Alteration 1km
Slide 39: DBL – Zone 3 Extension
DBL– Zone 3 Extension Quartz Vein and sulfide mineralization associated with pegmatites Historical drilling, cutting trenching through and the granite EM Frasier intrusion Transformation Easy Access – Road accessible – Via Logging Road 2024 Zone 3 drill locations 39 Heritage Mining Ltd. 1km
Slide 40: Potential Strike Length
Potential Strike Possible Relation Target Access Historical Highlights Past Work Recent Work Length To Alkenore-Buffalo • Very strong surface indications with multiple high-grade SGH Soils (2024) Zone 10 samples. Alcona and/or Split Lake Grabs, Mapping, Property-wide (Never drilled) Excellent +2.5km
Slide 41: Alcona Area
Alcona Area • Past Company work confirms High Grade Au-Ag Vein System 1930’s Mine • 200m wide, ~1km long and ~145m vertical depth Shafts deformation corridor (2023 drill program) Drayton-Black Lake Project Reduced-to-Pole Magnetic Intensity over Bedrock Geology Alcona 2024 Exploration Plan Split Lak
Slide 42: Contact Bay - Area
Contact Bay - Area High-Grade Gold and Copper-Nickel-Platinum-Palladium Prospects 2025 Scout Drilling Program KG Exploration (Kinross) H E R I T A G E M I N I N G 42
Slide 43: Contact Bay – Rognan Mine – Highlights
Contact Bay – Rognan Mine – Highlights • Au - Past Development (~22.2 oz Au 1900’s production) Contact Bay Project – Rognan Mine • Geophysical Anomaly showing similar characteristics geophysical to Zone 3D Magnetic Susceptibility Inversion Model 3 regarding intrusion along a contact Cross Section No
Slide 44: Contact Bay – Rognon Mine Area
Contact Bay – Rognan Mine – Highlights Magnetic Anomaly in the Rognan Mine Area • Au - Past Development (~22.2 oz Au 1900’s production) • Geophysical Anomaly showing similar characteristics geophysical to Zone Contact Bay Project – Rognan Mine 3 regarding intrusion along a contact Diamond Drill hole
Slide 45: Contact Bay – Rognon Mine Area (1)
Contact Bay – Rognon Mine Area (1) High-Grade Gold and Copper-Nickel-Platinum-Palladium Prospects 1. Rognon Mine Area 2025 Scout Drilling Program Rognon Shear Zone Area Historic Mine Shafts H E R I T A G E M I N I N G 45
Slide 46: Ontario Project Portfolio
Ontario Project Portfolio District Scale Discovery Potential in NW Ontario, Canada Scattergood Project 46 Heritage Mining Ltd.
Slide 47: Ontario Project Portfolio
Ontario Project Portfolio District Scale Discovery Potential in NW Ontario, Canada Scattergood Project 47 Heritage Mining Ltd.
Slide 48: Core Shack – Sioux Lookout
Ontario Project Portfolio Core Shack – Sioux Lookout Logging Stations Photo Booth 51 Heritage Mining Ltd.
Slide 49: Heritage Mining Inc.
Heritage Mining Inc. Peter Schloo, CPA, CA, CFA President, CEO & Director peter@heritagemining.ca 905.505.0918 CSE:HML FRA:Y66 Heritage Mining Ltd. 52