Slide 1: Tier 1 Portfolio in an Emerging Province
TIER 1 PORTFOLIO IN AN EMERGING PROVINCE 12.4 31.3 26.8 Million Million Million Tonnes Cu oz Au oz Ag Corporate Presentation | MAY 2025 LSE & TSX: SOLG
Slide 2: Cautionary Notice
CAUTIONARY NOTICE Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the World Class deposits, some of which have become, or are becoming, producing mines and on the basis of actual results, performance or achievements of SolGold and/or its su
Slide 3: SolGold Corporate Summary
SOLGOLD CORPORATE SUMMARY Top Shareholders’ Estimated Holdings Listing Info Jiangxi Copper 12% Exchanges: LSE & TSX SOLG BHP 10% Newmont 10% Issued & Outstanding ~3Bn Shares DGR Global 7% Maxit Capital 5% Share Price Info GBP CAD (12 May 2025) Tenstar Trading 4% Nicholas Mather 3% Market Capitalizat
Slide 4: SolGold: The Investment Case
SOLGOLD: THE INVESTMENT CASE 100% Owner of Cascabel—A Tier One Asset Development Flexibility Cascabel Largest undeveloped copper resource in Latin America1 Multiple optimization pathways for maximum returns Strategic Partnerships Stable & Sustainable Blue chip financing and equity partners Favorable
Slide 5: SolGold: The New Markets Focused Team
SOLGOLD: THE NEW MARKETS FOCUSED TEAM DAN VUJCIC President & Chief Executive Officer LEADERSHIP HIGHLIGHTS A seasoned investment banker with 20 years of global capital markets experience and Co-Founder of a Over 20 years each of metals NYSE/ASX listed copper company & mining capital markets Dan ha
Slide 6: Renewed Mandate
RENEWED MANDATE STABILITY & CONFIDENCE FOR INVESTORS Political Stability President Daniel Noboa re-elected in April 2025 for a 4-year term Strong public and legislative support Re-election ensures greater policy continuity and stability in key ministries President of Ecuador, Pro-Mining Stance
Slide 7: Strategy to Execution: Recent Milestones
STRATEGY TO EXECUTION: RECENT MILESTONES Active engagement with key shareholders & financing partners Stakeholder Jiangxi Copper Corporation (JCC) invested an additional Support US$18M in 20251 Upcoming: Next tranche of Franco-Osisko Stream US$33M 2 Strong in-country government and community
Slide 8: Cascabel
CASCABEL
Slide 9: Building a District
BUILDING A DISTRICT INTEGRATED INFRASTRUCTURE FOR MULTI-STAGE EXPANSION Central Production Facility positioned adjacent to the Tailings Storage Facility— location optimization underway Extensive underground linear infrastructure designed to support future resource integration and phased district
Slide 10: Feasibility Study in Progress: Re-engineering for Early Cash Flow & Long-Term Value
FEASIBILITY STUDY IN PROGRESS: RE-ENGINEERING FOR EARLY CASH FLOW & LONG-TERM VALUE Updated Preliminary Site Plan G Mining Appointment G Mining appointed as Feasibility Study manager in October 2024, bringing expert oversight to the project development process. Trade-off Studies Comprehensive trade-
Slide 11: Strategic Shift: Prioritizing TAM Deposit for Accelerated Development
STRATEGIC SHIFT: PRIORITIZING TAM DEPOSIT FOR ACCELERATED DEVELOPMENT Development Advantages Project Readiness TAM FIRST. ALPALA FOR GENERATIONS. TAM Deposit’s near-surface orebody is PFS underway by consultants with prioritized as an open-pit development experience in Ecuador TAM development co
Slide 12: Tandayama America Drilling Program: Targeting Early-Stage Open Pit Cash Flow
TANDAYAMA AMERICA DRILLING PROGRAM: TARGETING EARLY-STAGE OPEN PIT CASH FLOW 5,400m Program Comprehensive 11-15 hole campaign with US$3.25M allocated budget targeting near-surface mineralization Convert to M&I Categories Strategic drilling to upgrade resource classification, define optimal pit exten
Slide 13: Robust Economics with Significant Flexibility
ROBUST ECONOMICS WITH SIGNIFICANT FLEXIBILITY1 TIER 1 SCALE & GRADE: Resource: 18.2 Mt CuEq with 31.3 Moz Au Reserve: 3.2 Mt Cu, 9.4 Moz Au ROBUST PRODUCTION PROFILE: Gold Production (Peak/Avg): 734 koz / 277 koz Copper Production (Peak/Avg): 216 kt / 123 kt LONG MINE LIFE: Initial L
Slide 14: Key Attributes
KEY ATTRIBUTES Core Criteria for Project Development What Makes Cascabel a Strategic Asset1 Reserves & resources that justify a long 1 QUALITY ORE BODY sustainable mine life Size: 540Mt containing 3.2Mt Cu @ 0.60%, 9.4Moz Au @ 0.54 g/t High-grade/size to reduce above-ground risk Grade: Life of
Slide 15: ExploreCo
EXPLORECO
Slide 16: Strategic Exploration Portfolio
Strategic Exploration Portfolio 3,586 15+ Square Kilometers Years Select exploration portfolio Exploration experience in Ecuador 100% ESG Commitment Excellent environmental and social track record WORLD-CLASS COPPER-GOLD PROJECT /16
Slide 17: SolGold's Major Discoveries in Ecuador
SOLGOLD’S MAJOR DISCOVERIES SOLGOLD’S NEXT DISCOVERY Leading Exploration Assets IN ECUADOR1 Northern Zone 21 3 major deposits discovered in just 12 years. Our systematic 1 3 exploration blueprint delivers consistent results. 5 4 6 Priority projects 1) Blanca-Nieves 2) Chical Central Zone 1 Alpala 3)
Slide 18: Tier One Partnerships. Public Market Access. Shareholder Value.
TIER ONE PARTNERSHIPS. PUBLIC MARKET ACCESS. SHAREHOLDER VALUE. Concept & Vision Spin-off SolGold's high- Direct equity for Strategic joint ventures quality regional exploration shareholders ExploreCo forms joint ventures assets SolGold shareholders receive with major mining partners to fund Spin-of
Slide 19: Explore Co: Unlocking Portfolio Value
EXPLORE CO: UNLOCKING PORTFOLIO VALUE Strategic Objectives Capture Exploration Upside Dedicated Management Retain Exposure Realize full asset potential from Leverage ExploreCo's dedicated Structure JV agreements to retain regional portfolio while maintaining management and technical team meaningful
Slide 20: Porvenir—Core ExploreCo Asset
Colombia PORVENIR—CORE EXPLORECO ASSET ExploreCo Porvenir is set to lead a proposed spinout aimed at Cornerstone advancing SolGold's most prospective concession Property under a streamlined, exploration driven structure. In southern Ecuador, near two top-tier producing Ecuador Strategic mines—Fruta
Slide 21: Porvenir—Scale, Grade & Growth Potential in a Copper-Gold District
PORVENIR—SCALE, GRADE & GROWTH POTENTIAL IN A COPPER-GOLD DISTRICT1 Flagship Deposit: Cacharposa Exceptional Drill Intercepts Indicated Resource: 396.8 Mt @ 0.44% CuEq 722m @ 0.52% Cu, 0.23 g/t Au Inferred Resource: 96.9 Mt @ 0.37% CuEq 570m @ 0.58% Cu, 0.23 g/t Au* Over 21,200m drilled; s
Slide 22: Appendix
APPENDIX
Slide 23: Cascabel's Key Project Metrics
CASCABEL’S KEY PROJECT METRICS 2024 PFS PHASED APPROACH KEY PARAMETERS1 BASE CASE Initial Project Life & Throughput 28 years @ 12 Mtpa—24 Mtpa Total Ore Mined 540 MT (18% of Total Resource) Price Deck: Copper ($/lb) / Gold ($/oz) / Silver ($/oz) $3.85 / $1,750 / $22.50 Capital: Pre-Production / Post
Slide 24: Alpala: Resources & Reserves
ALPALA: RESOURCES & RESERVES ALPALA MINERAL RESOURCE STATEMENT (EFFECTIVE DATE OF NOVEMBER 11, 2023)1 Grade Contained Metal MINERAL Cut-off RESOURCE grade Mt CuEq Cu Au Ag CuEq Cu Au Ag CATEGORY (%) (%) (g/t) (g/t) (Mt) (Mt) (Moz) (Moz) Measured 1,576 0.64 0.43 0.35 1.16 10.0 6.7 17.5 58.6 Indicated
Slide 25: Tandayama-America: Resources; Porvenir: Resources
TANDAYAMA-AMERICA: RESOURCES TANDAYMA-AMERICA MINERAL RESOURCE STATEMENT (EFFECTIVE DATE OF NOVEMBER 11, 2023)1 Grade Contained Metal Cut-off Grade Resource Tonnage PART OF CASCABEL Potential Mining Method (CuEq %) Category (Mt) Cu Au CuEq Cu Au CuEq (%) (g/t) (%) (Mt) (Moz) (Mt) PROJECT Indicated 4
Slide 26: Cascabel Updated Reserves
CASCABELUPDATED CASCABEL UPDATEDRESERVES RESERVES11 Mining Schedule and Ore Classification 30.0 Proven Tonnes Probable Tonnes 25.0 20.0 Toones Mined 15.0 10.0 5.0 0.0 -4 -3 -2 -1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Mining Schedule by Year 96% of Ore Mined in
Slide 27: Footnotes
FOOTNOTES Slide 1, 11, 13, 15, 17, 19, 24, 25, 26 Slide 21 Refer to NI 43-101 Technical Report on Pre-Feasibility Study Cascabel dated March 8, 2024, available on the Company’s Refer to Porvenir Property NI 43-101 Technical Report, Mineral Resource Estimate, October 2021, effective date 26 October w
Slide 28: Footnotes
FOOTNOTES Slide 25 terminology, definitions and guidelines given in the CIM Standards on Mineral Resources and Mineral Reserves ( May 2014) 1. Refer to NI 43-101 Technical Report on Pre-Feasibility Study Cascabel dated March 8, 2024, available on the as required by NI 43-101.7. Figu res may not comp
Slide 29: LSE & TSX: SOLG
AUSTRALIA (Head Office) UNITED KINGDOM PO Box 7069, Cloisters Square PO 1 Cornhill, London, Investor Relations Perth WA 6850 Australia EC2V 3ND +44 20 3807 6996 Email: investors@solgold.com.au ECUADOR Avenida Coruña E25-58 y San Ignacio Edif. Altana Plaza, Quito LSE & TSX: SOLG