Scorpio Gold Corporation · TSXV:SGLD
Scorpio Gold — Investor Presentation (February 2026)
24 slides from Scorpio Gold's investor presentation, February 2026
Slide 1: Historic District, High Grade Gold
Historic District High Grade Gold Newly Consolidated Under Explored TSX.V: OTCQB: FSE: SGN SRCRF RY9 scorpiogold.com February 2026
Slide 2: Forward Looking Statements
Forward Looking Statements FORWARD LOOKING STATEMENTS Except for the statements of historical fact, the information contained herein is of a forward-looking nature such forward looking information Involves known and unknown risks, uncertainties and other factors which may cause the actual results, p
Slide 3: The Manhattan District
The Manhattan District POSITIONED FOR GROWTH Manhattan is a district-scale opportunity with multi- million-ounce potential. Targeting an expanded 50,000+ metre drill program over 12 months. WELL FINANCED FOR AGGRESSIVE 12 MONTHS $12M+ in cash: - $7.5M USD from the sale of Mineral Ridge Mine - Strate
Slide 4: Share Structure and History
Share Structure and History as at January 15, 2026 PRICE SHARES Basic Outstanding 282,825,504 Options Outstanding $0.135-$0.41 17,678,331 Restricted Share Units Outstanding 7,930,000 Warrants Outstanding $0.08-$0.25 19,656,570 Broker Warrants Outstanding $0.08-$0.25 2,810,670 Fully Diluted 330,901,0
Slide 5: Goals & Milestones
Goals & Milestones Ongoing resource expansion drilling (50,000+ metres in 2026), alongside defining mineralization in the historical resource zones that have significant high-grade discovery potential: Keystone Jumbo, Black Modern Metallurgical program with Updated MRE targeting 2M+ Au oz with Mammo
Slide 6: In a League of its Own?
In a League of its Own? 2025 MAIDEN MINERAL RESOURCE ESTIMATE 740,000 ounces Au at 1.26 g/t Au. 2026 + BEYOND Legend Development Project GOLD RECOVERY Active Mine 2025 MRE Historical open-pit production returned ~70% Au. Additional historical testing suggests 90+% Au is possible. GOLD GRADE A +1 g/t
Slide 7: Manhattan – MRE Next Steps
Manhattan – MRE Next Steps SCORPIO’S 12-MONTH PLAN: Convert 400,000 oz to inferred in the Goldwedge and Manhattan open pit areas. Bring 300,000 oz Historic Resource to NI 43-101 compliant (Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas). Continuously drill targets near Goldwedge and
Slide 8: A Long History of Mining in Manhattan
A Long History of Mining in Manhattan The Manhattan Mining Boom: 1890 - Present • 1890: The first patented claim is mined in the Manhattan area (within Scorpio’s “Big Apple” claims). • 1905: The Manhattan District Gold Rush began, and the first gold mine was started on Scorpio Gold’s ground. • 1920-
Slide 9: The Manhattan District Geology
The Manhattan District Geology • Situated within the Shoshone Mountain range in Nevada, the Manhattan District is within the same caldera range as Kinross’s Round Mountain (+15M oz) mine. • Manhattan is hosted within the same Paleozoic basement rocks of Round Mountain. • The Manhattan District has b
Slide 10: Drilling Highlights
Drilling Highlights Gold Intercept From Gold Drill Hole ID (g/t) (m) (m) (g-m) MWRC22-003 27.16 g/t over 16.8 m from 59.5 m 456.3 MWRC22-010 11.98 g/t over 13.7 m from 134.2 m 164.1 MWRC22-021 3.98 g/t over 41.2 m from 24.4 m 164.0 25MN-011 1.24 g/t over 92.8 m from 59.1 m 115.1 MWRC22-018 4.90 g/t
Slide 11: Manhattan District Targets
Manhattan District Targets • All of Scorpio Gold’s Targets are past producing and can be connected through drilling. TSX.V: OTCQB: FSE: scorpiogold.com 11
Slide 12: Manhattan District Targets
Manhattan District Targets • As Scorpio Gold prepares data from historic resources, each target will continue to upgrade towards an advanced target. TSX.V: OTCQB: FSE: scorpiogold.com 12
Slide 13: Targets & MRE Mineralization
Targets & MRE Mineralization Goldwedge ~1,800 metres GAP ZONE Priority 1 Targets Priority 2 Targets TSX.V: OTCQB: FSE: scorpiogold.com 13
Slide 14: 2025 Phase 1 Drilling
2025 Phase 1 Drilling Gap Zone, located between the historic Goldwedge Underground and West Pit. Follow up of drill hole 24MN-009, with an interval of 1.69 g/t gold over 55.6 m. Mustang Hill’s historic underground mines. Follow up drilling on hole MWRC22-021, with an interval of 3.89 g/t Au over 41.
Slide 15: Metallurgy
Metallurgy Four distinct historical production profiles with slightly different flow sheets, from 1978-2012. Gold is non-refractory (free). Historical heap leach recovery of 77% (1989-1990 production data from Echo Bay). Previous flotation with gravity testing recoveries greater than 90%. 2025 Metal
Slide 16: Our Team
Our Team Zayn Kalyan Andrea Yuan Harrison Pokrandt Jeff Lindstrom CEO & Director CFO VP Exploration VP Operations Over 20+ years in the industry, Andrea has Nine years in mineral exploration and has An experienced investment banker and 30 years experience in the mining industry, business development
Slide 17: Thank you.
Thank you. Zayn Kalyan, CEO and Director zayn@scorpiogold.com Harrison Pokrandt, VP Exploration harrison@scorpiogold.com Investor Relations ir@scorpiogold.com TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com February 2026
Slide 18: Appendix
SCORPIQ, GOLD CORPORATION aN Appendix
Slide 19: Manhattan MRE
Manhattan MRE TSX.V: OTCQB: FSE: scorpiogold.com 19
Slide 20: AA to AA’
AA to AA’ TSX.V: OTCQB: FSE: scorpiogold.com 20
Slide 21: BB to BB’
BB to BB’ TSX.V: OTCQB: FSE: scorpiogold.com 21
Slide 22: BB to BB’ - Geology
BB to BB’ - Geology Geology Legend Tv: Tertiary volcanics Oza: Ordivician Zanzibar argillite Ozl: Ordivician Zanzibar limestone Cms: Cambrian Mayflower schist Cg: Cambrian Gold Hill Formation Cgsp: sandy phyllite B Cgq: quartzite BB B Cgm: marble ’ Cgp: phyllite TSX.V: OTCQB: FSE: scorpiogold.com NO
Slide 23: CC to CC’
CC to CC’ TSX.V: OTCQB: FSE: scorpiogold.com 23
Slide 24: DD to DD’ Long-Section
DD to DD’ Long-Section Goldwedge TSX.V: OTCQB: FSE: scorpiogold.com NOTE: Figure from Slide 7 of Kinross Manhattan Divestment Proposal (October 21, 2016). 24