Soma Gold Corp. · TSXV:SOMA
Soma Gold — Investor Presentation (May 2026)
40 slides from Soma Gold's investor presentation, May 2026
Slide 1: Corporate Presentation May 2026
TSXV:SOMA // OTCQB:SMAGF CORPORATE PRESENTATION MAY 2026 TSXV:SOMA // OTCQB:SMAGF
Slide 2: Legal Disclaimer
Legal Disclaimer Cautionary Note Regarding Forward Looking Information Some statements herein contain “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements are statements and information regarding possible events, conditions or results of ope
Slide 3: Soma Gold Overview
SOMA GOLD OVERVIEW TSXV:SOMA // OTCQB:SMAGF
Slide 4: Soma Gold - At a Glance
Soma Gold - At a Glance Operational El Bagre Complex – 2 430 Operating Operating Km2 of Complexes Concessions ~20 Koz 60-70 Koz LTM Gold Medium-term Annual Medellin Production(1) Gold Production(2) Bogota El Limon Complex – Financial Operating C$31M C$138M LTM EBITDA(1) Market Cap(3) ~C$8M ~0.51x Ca
Slide 5: Soma Gold - Value Proposition
Soma Gold - Value Proposition Organic Growth from 20 to +65 Koz/yr Au Increase mill feed, small mine formalization, apply sorting equipment and expand plant Accretive M&A Opportunities Committed to pursuing acquisitions that enhance shareholder value Strong Balance Sheet Cash of ~C$8M(1) and ~C$31M
Slide 6: Soma Gold - Corporate Snapshot
Soma Gold - Corporate Snapshot Share Price Performance (C$) Capital Markets Data 2.50 TSXV / OTCQB Symbols SOMA / SMAGF 52-Week Range (TSXV) C$0.78 – C$2.46 Share Price (close on May 1, 2026) C$1.17 2.00 Shares Outstanding(1)(2) ~118.1M Market Capitalization(2) C$138.2M Cash(1)(3) C$8.0M 1.50 Debt(1
Slide 7: Soma Gold - Peer Comparison
Soma Gold - Peer Comparison EV/LTM EBITDA (x) (1)(2) EV/2026E EBITDA (x) (1)(3) - 2.0 4.0 6.0 8.0 10.0 12.0 14.0 - 1.0 2.0 3.0 4.0 5.0 6.0 Heliostar Aris Mining Jaguar Mining Luca Mining Luca Mining Wesdome Gold Mines Dyna Resources Integra Resources Aris Mining Jaguar Mining Cerrado Gold Mineros Or
Slide 8: Experienced Leadership Team
Experienced Leadership Team Geoffof Hampson Board Directors Management Geoff Hampson, Chairman & CEO Mark Bren, VP Operations Chairman and CEO Founded and financed multiple private and public companies with Senior technical and operational roles including CRG Mining, Gold experience in mining, oil &
Slide 9: Colombia - Excellent Mining Jurisdiction
Colombia - Excellent Mining Jurisdiction • Large portions of Colombia remain geologically underexplored, offering substantial upside potential for new discoveries El Bagre Complex • Colombia has competitive operating costs, experienced El Limon Complex Buritica Gold Mine labour force and established
Slide 10: Organic & Hub and Spoke Growth Strategy
ORGANIC & HUB AND SPOKE GROWTH STRATEGY TSXV:SOMA // OTCQB:SMAGF
Slide 11: Organic Growth Strategy
Organic Growth Strategy • Soma has a 430 km2 district scale property next to Aris Mining’s (TSX:ARIS) Annual Targeted Gold Production 350,000 oz/yr Au Segovia operations • Ongoing exploration program funded by free cash flow with +340,000 m of DDH drilling on property, targeting +1 Moz Au • Organic
Slide 12: Hub and Spoke Strategy
Hub and Spoke Strategy Medium-Term Targets Medium-Term Expected Designated Tonnage Grade Metal Timing Mill Escondida El Bagre Mill tpd g/t Au Koz Au 20 - 40 tpd Cordero 10 - 12 g/t Au 450 - 600 tpd Cordero 450 - 600 5-7 32 El Limon / El Bagre Operational 5 - 7 g/t Au Aurora 25 - 40 3-4 1 El Limon Ra
Slide 13: Portfolio Overview
PORTFOLIO OVERVIEW TSXV:SOMA // OTCQB:SMAGF
Slide 14: Processing Plants - El Bagre and El Limon
Processing Plants - El Bagre and El Limon El Bagre Complex El Limon Complex Feeder Sources Cordero and Nechi Feeder Sources Limon, Escondida, Aurora, Artisanal, Nechi Capacity 450 tpd Capacity 225 tpd Permitted Capacity 1,000 tpd Permitted Capacity 400 tpd Mining Underground - Conventional and Minin
Slide 15: Cordero Mine
Cordero Mine • Targeted mine production of 450 - 600 tpd with surplus to be trucked to the El Limon mill • 12 - 14 stopes in production using raised stope, mechanized and Resue mining methods • Targeting 20 - 30 Koz/yr Au for 2026 - 2030 • Main source with strong track record of consistent feed • So
Slide 16: Cordero Mine – Sorting Equipment
Cordero Mine – Sorting Equipment • After bulk sample tests with Steinert and Tomra, sorting strategy is being executed in 2026 • Combined mass reduction (coarse and fine) of ~55%, grade of sorted material increased by ~63%, with overall recovery of ~95% • Metallurgical recoveries • Coarse fraction:
Slide 17: Cordero Mine - Exploration Overview
Cordero Mine - Exploration Overview • Ongoing exploration program with ~17,000 m drilled in 2025 • Focused exploration initiatives on new discoveries at Cordero and near mine plan targets • Drilling in the Venus Gap, Atenas and recently discovered extension of the Cordero Viejo zones continue to ret
Slide 18: Cordero Mine - Exploration at Venus Gap
Cordero Mine - Exploration at Venus Gap • Exploration program at Venus Gap with +2,800 m drilled Cordero Looking West • Latest drill highlights include: • 7.55 m at 13.9 g/t Au incl. 1.30 m at 24.7 g/t Au and 1.45 m at 48.6 g/t Au • 5.20 m at 16.1g/t Au incl. 0.80 m at 94.3 g/t Au • 6.00 m at 7.5 g/
Slide 19: Cordero Mine - Exploration at Atenas
Cordero Mine - Exploration at Atenas • Exploration program at Atenas with +6,700 m drilled • Program was designed to provide infill drilling and test dip and strike extent • Veins were extended by 60 m along strike and 160 m down dip • Drill results exceeded expectations • Follow-up program will foc
Slide 20: Cordero Mine - Exploration at Cordero Viejo
Cordero Mine - Exploration at Cordero Viejo • Exploration program at Cordero Viejo with +5,500 m drilled • Program was designed to infill historical drilling and test dip and strike extent • Drilling at the Cordero Viejo zone adds +500 m of strike length to the Cordero deposit • The quartz veins at
Slide 21: Nechi Mine
Nechi Mine • 42,000 m of DDH drilling already completed • Some of the previously built decline and underground workings can be re-purposed • 250 - 300 tpd production planned • Material to be milled at the El Bagre and El Limon mill • PTO application was submitted early Q2 2026 → on time • PTO (minin
Slide 22: Limon Mine and Aurora Mine
Limon Mine and Aurora Mine Limon Mine Aurora Mine • Parallel structures to the historic Limon vein • Located 10 km south of the El Limon mill • 50 m to the west with an en echelon orientation • Paved road to El Limon and El Bagre mills • Ongoing rehabilitation and production to be ramped up • Histor
Slide 23: Artisanal Miners
Artisanal Miners • There are many small miners working on stripped hard rock and alluvial deposits on Soma’s property Cocohondo • Soma’s strategy is to work with these small miners to formalize them under the Government of Colombia’s program Brisas • There are currently 24 applications in the seven-
Slide 24: Exploration Strategy
EXPLORATION STRATEGY TSXV:SOMA // OTCQB:SMAGF
Slide 25: Exploration Strategy
Exploration Strategy • Targeting 40,000 – 45,000 m of DDH across the property in 2026 • Multiple targets identified through surface sampling and artisanal mining Escondida Summit • Airborne geophysical and LIDAR surveys completed Cordero Sur • 10-person geological team Santa Maria • 3 company-owned
Slide 26: Exploration at Escondida Mine
Exploration at Escondida Mine • Located 25 km west of the El Limon Mill Escondida Long Section – Proposed Phase 1 Drillholes • Fully permitted legal mine with PTO, environmental and explosives permits for 40 tpd • Mineralization with vein widths of 2 - 3 m, strike of 800 m, grades of 10 - 12 g/t Au
Slide 27: Exploration at Regional Prospects and Mines
Exploration at Regional Prospects and Mines Diamantina Mine (Alacran Diamantina) Aurum Mine and Orion Mine (Psyche 2 (Gold)) • Targeting +1,500 m in 2026 • Targeting +3,400 m in 2026 • Testing vein continuity of drilling in 2021 and 2022 • Testing down dip extension of developed levels and strike ex
Slide 28: Exploration at Psyche 2 - Gold
Exploration at Psyche 2 - Gold • Ongoing exploration program at Aurora and surroundings with Psyche 2 Gold Soil Anomalies +6,000 m drilled in 2025 • Orion Mine Channel Samples: • CHU100189 1.00 m @ 36.2 g/t Au, including 0.35 m @ 103.4 g/t Au • CHU100191 1.35 m @ 28.6 g/t Au, including 0.35 m @ 104.
Slide 29: Exploration at Psyche 2 - Copper
Exploration at Psyche 2 - Copper • Potential copper anomaly on the Otu Centro property which was Psyche 2 Copper Soil Anomalies acquired in 2023 4.4 km mag • Recently acquired two tenements that increase coverage of the copper high/Cu anomaly anomaly • Several artisanal underground mines in the area
Slide 30: Stacked Pipeline Approach
Stacked Pipeline Approach +430 km2 of almost contiguous land package with strong mineral endowment located in Colombia Escondida Summit Primavera Santa Maria Psyche 2 (Gold) Porquera Greenfield Cordero Sur Orus Brownfield / Restart 3rd Party Escondida Aurora Cordero Limoncito Nechi Limon Norte Estre
Slide 31: ESG Mission & Implementation
ESG MISSION & IMPLEMENTATION TSXV:SOMA // OTCQB:SMAGF
Slide 32: ESG - Leading by Example
ESG - Leading by Example • Environmental • First Colombian mining company to be certified as carbon-neutral(1) Support programs to promote healthy • Formalizing small miners eliminates the use of mercury habits, care of the environment and • Sustainable and renewable source of power from hydro plant
Slide 33: 2026 Strategic Objectives
2026 Strategic Objectives Q1 2026 Q2 2026 Q3 2026 Q4 2026 Production Sorting Equipment - Commissioning Sorting Equipment - Commercialization Exploration Cordero - Near Mine Plan Drilling Escondida - Initial Drill Program +3,000 m Regional - Psyche 2, Diamantina Drilling Permitting Nechi - Submission
Slide 34: Summary
Summary Organic Growth Exploration Upside Financial Strength Insider Ownership Increasing annual 43,000 ha of highly Substantial cash balance Management and production to +65,000 oz prospective targets on a and strong cash flow to Directors hold ~60% of the Au based on current proven mineralized tre
Slide 35: Appendix
APPENDIX TSXV:SOMA // OTCQB:SMAGF
Slide 36: Financial Performance
Financial Performance Financial Data Q4 2025 Q3 2025 Q2 2025 Q1 2025 LTM 2025 FY 2024 FY 2023 Revenue C$M 18.2 18.1 23.0 27.9 87.3 89.4 81.2 Income from Mine Operations C$M 0.3 5.3 5.7 9.8 21.1 25.2 28.0 Net Income (Loss) C$M (8.1) 0.4 1.6 3.2 (2.9) 4.2 2.8 EBITDA C$M (1.4) 6.2 9.1 12.4 26.3 33.2 31
Slide 37: Operating Performance
Operating Performance Operating Data Q4 2025 Q3 2025 Q2 2025 Q1 2025 LTM 2025 FY 2024 FY 2023 Ore Mined Kt 19.2 28.8 35.3 38.9 122.1 146.8 157.2 Ore Milled Kt 19.9 25.9 33.6 37.2 116.6 147.2 147.2 Grade g/t Au 4.38 5.75 5.55 6.25 5.62 6.61 7.62 Recovery % 88.4% 89.1% 88.1% 87.9% 88.3% 88.3% 88.3% Go
Slide 38: Mineral Resources
Mineral Resources Summary of Mineral Resources (Dec 31, 2022)(1) 1. CIM (2014) definitions were followed for Mineral Resources 2. Mineral Resources are estimated at a cut-off grade of 2.40 g/t Au for Category Tonnage (Kt) Grade (g/t Au) Gold (Koz) Cordero and 3.1 g/t Au for Nechí 3. Mineral Resource
Slide 39: Technical Disclosure
Technical Disclosure Unless otherwise indicated, the scientific disclosure and technical information included in this presentation are based upon information included in the following documents and NI 43-101 compliant technical reports: 1. Technical report entitled “Technical Report on the El Bagre
Slide 40: Contact Us
TSXV:SOMA // OTCQB:SMAGF CONTACT US 1500 – 409 GRANVILLE STREET VANCOUVER, BC V6C 1T2 INFO@SOMAGOLDCORP.COM +1 604 259-0302 WWW.SOMAGOLDCORP.COM GEOFF HAMPSON CHAIRMAN & CEO GEOFF@SOMAGOLDCORP.COM JEAN-FRANCOIS MEILLEUR VP CAPITAL MARKETS JEAN-FRANCOIS@SOMAGOLDCORP.COM TSXV:SOMA // OTCQB:SMAGF