Slide 1: Advancing the Next Copper-Gold Giant
ADVANCING THE NEXT COPPER-GOLD GIANT NO GUTS, NO GLORY TSX: NGEX High-Grade, High-Impact, Strategically Positioned OTCQX: NGXXF NGEXminerals.com May 2026
Slide 2: Cautionary Statement
Cautionary Statement Certain statements made and information contained herein in the presentation constitutes “forward-looking Estimates of Mineral Reserves and Mineral Resources information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “for
Slide 3: NGEx is the last piece of the Vicuña puzzle
NGEx is the last piece of the Vicuña puzzle Strongly positioned to create shareholder value in one of the most prospective copper-gold districts in the world Lunahuasi Phase 4 is no A pathway is emerging to Presence of Major in Developing gold story complete - building a surface value at Los distric
Slide 4: NGEx owns two world-class assets
NGEx owns two world-class assets Lunahuasi and Los Helados located in the rapidly advancing Vicuña District LUNAHUASI LOS HELADOS SAN JUAN ARGENTINA REGION III CHILE NEW HIGH-GRADE DISCOVERY ONE OF THE LARGEST COPPER PROJECTS GLOBALLY 60m @ 205m @ 1,619m @ 94m @ 18.4 10.2 97.5 7.5% CuEq 5.1% CuEq 0.
Slide 5: The last way to attain exploration leverage in the Vicuña District
MARICUNGA BELT The last way to attain exploration Caldera Port & Desalination Plant Marte leverage in the Vicuña District (Lundin Mining) La Pepa Lobo Copiapó Pantanillo Maricunga Candelaria Mine (Lundin Mining) Caspiche CASERONES ~155 km operating mine Cerro Casale Los Helados CHILE Caserones (Lund
Slide 6: Lunahuasi is unique in the Vicuña District
Lunahausi is unique in the Vicuña District Lunahuasi has multiple overprinting styles of mineralization GRADE + SCALE + GOLD Cu-Au porphyry with high-sulphidation Cu-Au-Ag high-sulphidation veins Ultra high-grade Au in quartz veins overprint Hole 14: Hole 21: Hole 22: 9.4m at 40.12% CuEq 772.5m at 1
Slide 7: Part of a well-understood geological model
Part of a well-understood geological model Deposit lies along same structural corridor as Filo del Sol and Los Helados Filo del Sol Lunahuasi Los Helados Caserones Josemaria NGExminerals.com TSX:NGEX 6
Slide 8: Lunahuasi continues to show significant upside
Lunahuasi continues to show significant upside 4 distinct styles of mineralization identified – deposit open in all directions 70,567m Drilled Since Discovery N Phase 1: 4,912m o DPDH001 – 008 Phase 2: 12,950m o DPDH009 – 023 Phase 3: 25,387m o DPDH024 – 047 Phase 4: 27,318m o DPDH048 – 078, DPGT004
Slide 9: Porphyry system and high-grade gold veins discovered
Porphyry system and high-grade gold veins discovered All unusually high-grade High-grade Lunahuasi mineralization part of a much larger Bonanza grade gold a well-known component of porphyry related system many high-sulphidation epithermal deposits 0.90m @ 25.00% Cu, 290.00 g/t Au, 1,090.0 g/t Ag 1.5
Slide 10: Exploration results continue to drive near-term value
Exploration results continue to drive near-term value Phase 4 plan complete at Lunahuasi with a total of 27,318m drilled and 32 holes completed Consisted of three targeted ranges of drill spacing These types of systems usually get bigger Closer spaced: defining and expanding the Mars, Saturn and Jup
Slide 11: Phase 4 has improved confidence in, and expanded named zones
Phase 4 has improved confidence in, and expanded named zones Results so far have only covered short-range definition and some of the mid-range step-out holes 58 Confirmation and delineation of new zones • DPDH058: helping outline new zone north of drill pattern. • DPGT004: discovered high-grade zone
Slide 12: Fast tracking Lunahuasi towards development
Fast tracking Lunahuasi towards development Maximizing value generation by minimizing the timeline to production Exploration adit RIGI application Selected key RIGI benefits General Regime (without RIGI) With RIGI Benefits Income Tax Rate 35% 25% Granting of Tax Credit Long period for VAT credit dur
Slide 13: Los Helados and LunR are valuable assets
Los Helados and LunR are valuable assets Could help to fund a potential stand-alone development of Lunahuasi Los Helados (~69% NGEx/~31% Lundin Mining) LunR Royalties (13,370,107 shares) o 18.4 Blbs Cu, 10.2 Moz Au and 97.5 Moz Ag Indicated Resource; 8.3 Blbs Cu, 3.6 Moz Au and 50.2 Moz Ag Inferred
Slide 14: NGEx has generated significant value for shareholders
NGEx has generated significant value for shareholders Lunahuasi is the next chapter in the ongoing story Track record of value creation through the drill bit Share price has outperformed copper 2016 2019 2025 Market Cap Market Cap ~$40million ~$13billion 3 early stage exploration projects in the (fu
Slide 15: ... and there is further unrealized value to be unlocked
… and there is further unrealized value to be unlocked Develop comprehensive plan to explore, finance, and eventually build a new high-grade copper-gold-silver mine Advance Stay flexible, Construct exploration adit stand-alone development focus on value creation of Lunahuasi Consider options to M&A,
Slide 16: Appendix
Appendix TSX: LUN NASDAQ STOCKHOLM: LUMI 15
Slide 17: Corporate snapshot
Corporate snapshot Key Leadership Snapshot (as of April 28, 2026) Shareholder Summary Dr. Wojtek Wodzicki Listings TSX:NGEX, OTCQX:NGXXF % based on FDITM shares President, CEO & Director Basic Shares Outstanding 216.9M • CEO of NGEx since inception in 2009 • Holds a doctorate in Geosciences & has 30
Slide 18: Lunahuasi is part of a porphyry copper system
Lunahuasi is part of a porphyry copper system Filo style breccia ? Giant systems with multiple styles of mineralization • 4 mineralization styles discovered to date at Lunahuasi o High-sulphidation Cu-Au-Ag veins o Intermediate sulphidation epithermal Au quartz veins o Disseminated and stockwork hig
Slide 19: Long intervals of grades >1% CuEq a common theme at Lunahuasi
Long intervals of grades >1% CuEq a common theme at Lunahuasi 26 out of 43 holes average > 1% CuEq 19 of those are > 500m > 500m > 1% Almost every hole ends in mineralization NGExminerals.com Note: See full drill results in Corporate Presentation TSX:NGEX 18
Slide 20: Phase 4: short range drilling – closer spaced
Phase 4: short range drilling – closer spaced Define and expand the Mars, Saturn and Jupiter zones JUPITER SATURN MARS NGExminerals.com TSX:NGEX
Slide 21: Phase 4: mid-range drilling – step-out
Phase 4: mid-range drilling – step-out Numerous high-grade intersections outside the three named zones – step out drilling intended to expand and connect them MARS SATURN Cu % NGExminerals.com TSX:NGEX 20
Slide 22: Phase 4: long-range drilling – exploration
Phase 4: long-range drilling – exploration Test anomalies and district scale modeling to discover new components of the Lunahuasi system and demonstrate its full potential Wedge above drilling to date a huge opportunity MT results suggest a much bigger prize 500m “Wedge” is ~ 1500m x 1500m x 1000m N
Slide 23: Los Helados is a large deposit with operating infrastructure nearby
Los Helados is a large deposit with operating infrastructure nearby Large copper-gold porphyry deposit located 9 km north of Lunahuasi in Region III, Chile Snapshot Ownership: ~69% owned and operated by NGEx, ~31% owned by Lundin Mining Location: Region III, Chile - 17 km from Caserones mine (Lundin
Slide 24: A highly valuable asset that underpins NGEx's valuation
A highly valuable asset that underpins NGEx’s valuation Los Helados vs other copper projects Undeveloped Copper Projects in Latin American not Owned by a Major 50 (Billions of pounds of copper equivalent) Inferred Resources Measured & Indicated Resources 40 30 20 10 -- Cascabel Los Azules Los Helado
Slide 25: Los Helados – Mineral Resource Statement
Los Helados – Mineral Resource Statement Grade Contained Metal Cut-Off Tonnes Category (%CuEq) (billions) Cu Au Ag CuEq Cu Au Ag (%) (g/t) (g/t) (%) (Blbs) (Moz) (Moz) Indicated 2.39 0.38 0.15 1.4 0.49 19.9 11.3 106.6 0.25% Inferred 1.84 0.30 0.10 1.3 0.38 12.2 5.8 75.4 Indicated 2.08 0.40 0.15 1.5
Slide 26: Valle Ancho
Valle Ancho Highly prospective copper-gold project in Catamarca Province, Argentina Snapshot Ownership: 100% owned by NGEx Location: Underexplored district scale 100,000 hectare land package on the Argentina side of the Maricunga Gold Belt The Lundin Group • Located ~40 km from the Norte Abierto and
Slide 27: NGEx's Sustainability Strategy Framework
NGEx’s Sustainability Strategy Framework To responsibly develop Los Helados and Lunahuasi, two significant copper assets whose development will help power the green economy, creating lasting value for our stakeholders and contributing to a sustainable future Responsible Resource Strong Workforce & E
Slide 28: No Guts, No Glory
NO GUTS, NO GLORY Company Head Office Contact NGEx Minerals Ltd. Finlay Heppenstall Suite 2800 – 1055 Dunsmuir Street VP, Corp Dev & IR Vancouver, BC Telephone: (778) 386-4688 Canada V7X 1L2 Email: finlayh@ngexminerals.com @NGEx_minerals | NGExminerals.com | TSX: NGEX