Pjx Resources Inc. · TSXV:PJX
Pjx Resources — Investor Presentation (March 2026)
44 slides from Pjx Resources's investor presentation, March 2026
Slide 1: Discovery Potential in a Tier-1 Canadian Mining District
Discovery Potential in a Tier-1 Canadian Mining District (TSX-V: PJX) March 2026
Slide 2: Disclaimer
Disclaimer Some of the information in this presentation has been extracted from the prospectus and NI 43-101 Technical Report filed on SEDAR (www.sedar.com). Investors should base their investment decision on information contained in the prospectus and NI 43-101 Technical Report only. This presentat
Slide 3: PJX Resources' Strategy and Opportunity
PJX Resources’ Strategy: • Focus exploration to discover new deposits in areas with known deposits. • World Class deposits are often associated with large mineralizing systems that can produce multiple deposits. • Sullivan Mine is a World Class deposit. • Sullivan Mining District has at least 2 majo
Slide 4: Exploration 2026
Exploration 2026 • Primary focus is planned for 2 of the 25 target areas PJX has identified with significant deposit potential in the Sullivan Mining District. • Estella Basin target is one of a cluster of 3 targets on PJX’s Dewdney Trail Property. Each target has the potential to host a Sullivan ty
Slide 5: Historical Sullivan Mine
Historical Sullivan Mine Teck-Cominco closed the Sullivan Mine in 2001 after 90 years of operation Sullivan Mine Production - BC Government Table 297.8 Million ounces Silver 8.41 Million tonnes Lead 7.94 Million tonnes Zinc (Source: modified after MINFILE Production Detail Report, BC Geological Surv
Slide 6: Sullivan Deposit idealized Mine Stratigraphy
Sullivan Deposit idealized Mine Stratigraphy Sullivan Deposit consists of multiple stacked bands of bedded sulphide mineralization. Thickness varies within and between bands. Main Band 3-24 m A Band 0.6-1.8 m B Band 1.5-2.4 m C Band 0.6-2.4 m D Band 0.3-0.6 m Source: Idealized Mine Stratigraphy in b
Slide 7: Vulcan Gold Belt: Gold Event within the Sullivan Mining District
Vulcan Gold Belt (VGB) Gold Event within the Sullivan Mining District • Sullivan Mining District has at least 2 major mineralizing events. • Critical Metals event – Sedimentary Exhalative (Sedex) deposit types, 1.45 billion years ago - Sullivan Mine example. • Gold Event – Reduced Intrusion Related
Slide 8: PJX Properties & Target Areas with Deposit Potential
PJX Properties & Target Areas with Deposit Potential PJX has consolidated 100% of the mineral rights to over 750 km² of the Sullivan Mining District and Vulcan Gold Belt. 8 PJX properties (colour coded). Road accessible. Gold, copper, zinc, lead, silver, cobalt, and other critical mineral depo
Slide 9: Sullivan Style and Grade Massive Sulphide Boulders Found in Talus
Sullivan Style and Grade Massive Sulphide Boulders Found by Prospecting in Talus Slope at Estella Basin Target Area, Dewdney Trail Property • Angular nature and size of the boulder suggests it has not moved far and a bedrock source for the boulder is expected to be upslope or up ice direction to the
Slide 10: Photo Looking South from Estella Mine Road
Photo Looking South - taken from Estella Mine road C - Horizon D - Horizon Kootenay King Deposit Horizon Sullivan deposit style and grade Historical Estella Mine boulders in talus (vein deposit) A & B - Horizons Highway and Rail • Four mineralised horizons with deposit potential identified by drilli
Slide 11: Aerial view looking North - Historical Estella Mine and Mine Road
Aerial view looking North - Historical Estella Mine and Mine Road Estella Mine last operated in the 1950’s and 1960’s. Zinc, lead, silver, and cobalt were mined from a vein that may have been a possible feeder to a bedded Sedex type deposit, similar to the Stemwinder vein in the Sullivan Mine Basin
Slide 12: Sample STM-23-7
Sample STM-23-7 (9.33% zinc, 2.48% lead, 14.62 g/t silver, 495 ppm or 0.04% copper) Alternating dark and light coloured bands with sulphides (zinc, lead, iron) appear to be sulphide-rich beds that have been broken apart possibly by slumping during deposition on the ocean floor, or the beds may have
Slide 13: Massive Sphalerite Fragments Sample STM-23-8
Massive Sphalerite Fragments Sample STM-23-8 (3.55% zinc, 0.98% lead, 7.5 g/t silver, 442.1 ppm or 0.04% copper) • Appears to be a vented fragmental with fragments of sphalerite (zinc), pyrite (iron), and mineralized bedded sediment. • Although this sample is lower in grade it tells an important sto
Slide 14: New Discovery of Sullivan Style and Grade Critical Metal Mineralization
Zinc Lead Silver Copper Gold Cadmium Cobalt Indium Sulphur Iron Sample ID % % ppm ppm ppm ppm ppm ppm % % STM-23-1 6.71 2.23 16.05 1258.9 0.075 138.73 70.1 6.850 12.16 14.16 STM-23-2 7.68 1.70 14.39 1119.0 0.081 159.49 119.6 7.770 12.35 12.71 STM-23-3 1.36 0.92 6.60 200.7 0.029 29.54 41.5 1.644 4.17
Slide 15: Location of Sullivan Style and Grade Boulders Found in Talus
Aerial view looking North Location of Sullivan Style and Grade Boulders found in talus at the base of the mountain slope.
Slide 16: 2025 Drilling Discovered Large Quake Zone
2025 Drilling discovered large Quake Zone in 3 holes, this supports Sedex deposit potential.
Slide 17: DDH ND25-26 Quake Zone analyses continued
DDH ND25-26 Quake Zone analyses continued
Slide 18: Estella Basin Target Area with Quake Zone Intersected in 2025
Estella Basin Target Area with Quake Zone intersected by 3 holes in 2025 Aerial view looking North Sullivan style and grade boulders at the base of the mountain slope may be from above or below the Quake Zone or along strike of the Quake Zone in the head of the Cirque to the South.
Slide 19: Estella Basin Target Area with Quake Zone hidden behind Dyke
Estella Basin Target Area with Quake Zone hidden behind Dyke Aerial view looking North One main reason why the source of the boulders and Quake Zone were not discovered by previous explorers is because a slope dip syenite dyke (pink unit) blankets the mountain side and covers the Quake Zone and pote
Slide 20: 2025 discovery of Sedex massive sulphide boulders in the Cirque
2025 discovery of Sedex massive sulphide boulders in the Cirque 800 m south and on strike with 2025 Quake Zone discovery (4.89% zinc, 32.23% lead, 546 g/t silver) Banded massive sulphide boulder. Banded massive sulphide boulder. Grey mineral is Reddish-brown coloured bands and beds of sphalerite (zi
Slide 21: Estella Basin Target Area with Sullivan type deposit potential
Estella Basin Target Area with Sullivan type deposit potential Aerial view looking North • 2025 - Sedex massive sulphide boulders were discovered in the Cirque 800 m south and on strike with the Quake Zone. • 2026 - Drilling is planned to test for the source of Sullivan grade and style boulders on s
Slide 22: Geology Map with Zinc in Soil Anomalies
Geology Map with Zinc in Soil Anomalies • Estella Basin Sedex target 1 o Sullivan style and grade boulders in talus at base of mountain slope. o 2025 drilling discovers ~30 m true thickness Quake Zone with anomalous zinc, lead, silver and tourmalinite, vent environment. o 2025 prospecting discovers
Slide 23: Geology Map with Lead in Soil Anomalies
Geology Map with Lead in Soil Anomalies
Slide 24: Geology Map with Silver in Soil Anomalies
Geology Map with Silver in Soil Anomalies
Slide 25: Geology Map with Copper in Soil Anomalies
Geology Map with Copper in Soil Anomalies
Slide 26: Geology Map with Gold in Soil Anomalies
Geology Map with Gold in Soil Anomalies
Slide 27: Estella Basin Target Area and Lewis Ridge Target Area
Estella Basin Target Area and Lewis Ridge Target Area Aerial view looking North Estella Basin and Lewis Ridge target areas are about 2 km apart, similar to the separation between the Sullivan and Northstar deposits in the Sullivan Basin.
Slide 28: Grundy Creek Target Area
Grundy Creek Target Area Historical adit discovered while prospecting in 2025 Grundy Creek Sedex target – Massive Sulphide (79.03 ppm (g/t) silver, 7.39% lead, 193.7 ppm cobalt, 506.2 ppm copper, 44.99% iron, 36.16% Sulfur) rock sample from rock pile at newly discovered old historical adit, possibly
Slide 29: Grundy Creek Sedex target outcrop rock samples
Grundy Creek Sedex target – outcrop rock sample Grundy Creek Sedex target – Outcrop rock sample of Coticule of black calcareous mud. Anomalous in zinc (474 alteration in sediments. This style of hydrothermal alteration ppm), lead (90 ppm), barium (118 ppm), and occurs at the Sullivan deposit. mangan
Slide 30: Estella Basin, Lewis Ridge, and Grundy Creek Target Areas
Estella Basin Target Area, Lewis Ridge Target Area, and Grundy Creek Target Area Aerial view looking North Cluster of 3 target areas on PJX’s Dewdney Trail Property. Each target has the potential to host a Sullivan type and size Sedimentary Exhalative (Sedex) deposit.
Slide 31: Geology Map with Zinc in Soil Anomalies
Geology Map with Zinc in Soil Anomalies • Estella Basin Sedex target 1 o Sullivan style and grade boulders in talus. o 2025 drilling discovers 30 m true thickness Quake Zone with anomalous zinc, lead, silver and tourmalinite. o Supports Sedex deposit potential. • Lewis Ridge Sedex target 2 o Venting
Slide 32: Airborne Analytical Signal Magnetics with Zinc in Soil Anomalies
Airborne Analytical Signal Magnetics by Expert Geophysics with Zinc in Soil Anomalies • Magnetic highs associated with the Grundy Creek target area are similar in strength to part of the Estella Basin target area, but much larger. • Geological, structural, geophysical, and deposit potential knowledg
Slide 33: Photo Taken Looking West From The Estella Mine Road
Photo Taken Looking West From The Estella Mine Road Kimberley Ski Hill Sullivan Mine
Slide 34: Highway and Train Line Adjacent to Dewdney Trail Property
Highway and Train Line Adjacent to Dewdney Trail Property
Slide 35: Elevation Profile of Dewdney Trail Property and Local Infrastructure
West East Elevation Profile of Dewdney Trail Property and Local Infrastructure 11 Kilometers o > 3 Sullivan deposit style and grade 3 sulphide boulders in talus —~o Mine Access Road Estella Basin 8 § 3 Train Line Historical Estella Mine: jerast 8 2 (about half a day rail to Teck’s Trail Smelter) Gru
Slide 36: PJX Properties Target Areas with Deposit Potential
PJX Properties Target Areas with Deposit Potential Placer gold occurs along 3 creek drainages for about 65 km. PJX calls this trend the Vulcan Gold Belt as it corresponds with the Vulcan Tectonic structural zone that occurs at depth beneath this region and influenced the formation of structural
Slide 37: Zinger Property - Gar Target Area
Zinger Property - Gar Target Area Reduced Intrusion Gold Related System (RIRGS) gold deposit potential Sheeted veins in Granitic Intrusive, 1365 ppb (1.36 g/t) gold • Gold associated with granodiorite to granitic intrusions along a 6 km trend. • Cretaceous age – similar in age to Kinross’s Fort Knox
Slide 38: Zinger Property - Gar Target Area
Zinger Property - Gar Target Area Reduced Intrusion Gold Related System (RIRGS) gold deposit potential Gold occurs as visible gold with quartz or with minor sulphide (pyrite)
Slide 39: Gar Target Geology Map with gold in sheeted veins and soils
Zinger Property - Gar Target Area Geology Map with gold in sheeted veins and soils Gar Intrusion Gold in rock grab samples Gold in soil anomalies • PJX grab samples of veins returned gold values ranging from anomalous to 28,841 ppb (28.84 g/t) gold. • Compilation of pre-PJX soil survey data has iden
Slide 40: Gar Target Bismuth and Molybdenum in soil anomalies
Zinger Property - Gar Target Area Geology Map with gold in sheeted veins and soils Gar Intrusion Bismuth in soilanomalies Molybdenum in soil anomalies • Compilation of pre-PJX soil survey data has identified Bismuth and Molybdenum soil anomalies. • No historical data available for Tellurium and Tung
Slide 41: Drill map from Snowline's PEA for the Valley Deposit
` Drill map from Snowline’s PEA for the Valley Deposit - Note RIRGS type intrusion size (pink unit) for comparison to Gar Intrusion.
Slide 42: Magnetic Lows at the Gar intrusion
• Magnetic Low A is associated with a swampy area in the Gar • Magnetic Low A occurs within the 1600 m long gold in soil intrusion. anomaly at the Gar intrusion. • Magnetic Low B may represent an additional larger reduced • Magnetic Low B’s orientation is similar to gold bearing intrusion buried und
Slide 43: Gar Target Characteristics similar to RIRGS
Gar Target Characteristics are similar to Reduced Intrusion Related Gold Systems (RIRGS) such as Kinross’s Fort Knox or Snowline Gold’s Valley Discovery. Characteristic Reduced Intrusion Related Gold PJX Gar Intrusion Target Visible Gold Yes Yes Gold occurs in Sheeted & structurally controlled quart
Slide 44: PJX Capital Structure
PJX Capital Structure As of January, 2026 Shares Issued: 186.5 M Warrants: 41.1 M Options: 15.2 M Fully Diluted: 242.8 M Working capital as at Jan. 2026 $ 1.5 M Outstanding warrants at $0.20-$0.45 $ 7.3 M Outstanding options at ≈$0.23 $ 3.8 M $12.6 M In Summary: • PJX is exploring in Elephant Countr