Slide 1: Victoria Critical Minerals
RE NFORTH RE SO UR CE S INC. CSE: RFR | OTC: RF HR F | FSE: 9R R VICTORIA C RI T IC A L M I NE RA L S Nickel Copper NIC KEL PO LY MET AL LI C DE PO SIT Cobalt Zinc A large-tonnage, multi-metal sulphide system in Québec — 100% Canadian- Silver owned, allied-jurisdiction, open along 18 km of strike. P
Slide 2: Caution Regarding Forward-Looking Statements
CAUTION REGARDING FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, forward-looking statements). All statements, other than statements of historical fact, t
Slide 3: Inferred Open Pit Mineral Resource Estimate
NI 43-101 · P&E Mining Consultants Inc. · Report No. 482 · Effective: INFERRED OPEN PIT MINERAL RESOURCE ESTIMATE September 26, 2025 TABLE 1.1 — VICTORIA PIT-CONSTRAINED MINERAL RESOURCE ESTIMATE (Notes 1 to 13) Classification Cut-off Tonnes (M) Ni (%) Cu (%) Co (%) Zn (%) Ag (g/t) NiEq (%) NiEq (Ml
Slide 4: Why Victoria Matters
WHY VICTORIA MATTERS Supply Chain Risk Defence-Critical Metals Nickel supply is dominated by Indonesia and Russia. Cobalt by the DRC. Ni, Co, and Cu appear on every NATO and G7 critical minerals list. Western governments are urgently seeking allied-nation sources for Armour plate, jet engine superal
Slide 5: Location & Infrastructure (30 minutes radius)
LOCATION & INFRASTRUCTURE (30 minutes radius) Road Access Rapide-Sept and Rapide-Deux municipal gravel roads. Running within property, directly accessible by vehicle. Power Hydro-Québec powerlines runs through the Property from the Rapide-Sept and Rapide-Deux hydro electric generating stations. Gree
Slide 6: Location & Infrastructure (~1 hour radius)
LOCATION & INFRASTRUCTURE (~1 hour radius) 5b
Slide 7: Deposit Type & Geology
DEPOSIT TYPE & GEOLOGY OUTOKUMPU-STYLE POLYMETALLIC SULPHIDE A class of deposit in which multiple metals — nickel, copper, cobalt, zinc, and silver — occur together in the same sulphide package, hosted within ultramafic rocks. The name comes from the world-class Outokumpu deposit in Finland. Host Ro
Slide 8: Drilling History 30,249m
DRILLING HISTORY 176 30,249m 119 57 44 Total Metres Drilled — MMP Total Drill Holes — MMP Property Historical Pre-2020 Renforth 2020–2023 In MRE Model Property Pre-2020 2020 2021-22 2023 2025 Historical drilling Renforth stakes Phase I & II programs Phase III program 43-101 MRE filed (119 holes) MMP
Slide 9: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE NI 43-101 · P&E Mining · Sept 26, 2025 Category Tonnes (Mt) Ni % Cu % Co % Zn % Ag g/t NiEq % Inferred (Full) 125 0.12 0.02 0.01 0.08 0.38 0.15 Starter Pit 1 3.4 — — — — — 0.19 NiEq Starter Pit 2 13 — — — — — 0.17 NiEq C ON TA IN ED M ETA L S ( In fe rre d, F u ll Dep o si
Slide 10: Starter Pit Subsets — A Lower-Risk Entry Point
STARTER PIT SUBSETS — A LOWER-RISK ENTRY POINT Within the 125 Mt inferred resource, P&E identified two higher-grade subsets that represent potential early-phase, lower-capital scenarios: Subset 1 Subset 2 Tonnes Tonnes 3.4 Mt 13 Mt NiEq Grade NiEq Grade 0.19% NiEq 0.17% NiEq Contained NiEq Contained
Slide 11: The 20.6 km Mineralized Trend
THE 20.6 KM MINERALIZED TREND E X TE N T O F K N O WN MA G NE TI C TR EN D 2.5 km IN MRE (12%) 18.1 km Proven, Outside of MRE (88%) ← 0 km 20.6 km → What's been drilled What hasn't been drilled What this means for value 88% of the magnetic trend — 18.1 km — has 44 holes over 2.5 km have defined a 12
Slide 12: MMP District Potential — Beyond Victoria
MMP DISTRICT POTENTIAL — BEYOND VICTORIA The Malartic Metals Package (24,143 ha) hosts multiple mineralized zones in addition to the Victoria deposit. As Victoria is delineated, it may serve as a central processing hub for a broader district. Lalonde MMZ ~4km N of Victoria · Polymetallic MMZ Beaupré
Slide 13: Metallurgical Testwork — Early Stage, Positive Signals
METALLURGICAL TESTWORK — EARLY STAGE, POSITIVE SIGNALS Two independent programs have tested Victoria material. None replaces a full PEA-level metallurgical study — but together they establish process viability and allow informed next steps. 01 ALS QEMSCAN Mineralogy March 2025 · 18 samples · KM7336
Slide 14: ALS Mineralogy — What the Microscope Shows
ALS MINERALOGY — WHAT THE MICROSCOPE SHOWS Chalcopyrite (dominant) KE Y NO T E COPPER Chalcopyrite is the standard copper sulphide mineral in conventional flotation. Recovery of No significant recovery challenges identified for copper. >90% Cu is achievable by rougher flotation based on ALS assessme
Slide 15: TOMRA Sensor Sorting — Pre-Concentration Opportunity
TOMRA SENSOR SORTING — PRE-CONCENTRATION OPPORTUNITY What is sensor sorting? Ore is fed across a belt in front of X-ray transmission sensors. The system identifies and ejects waste rock before it enters the mill — reducing energy, water, and reagent consumption per tonne of metal produced. XRT is pa
Slide 16: Sustainability — Built into the Geology
SUSTAINABILITY — BUILT INTO THE GEOLOGY Low Overburden Grid Power Available TOMRA Pre-Concentration Hydro-Québec powerline runs through the Sensor sorting can reduce the mass of material 0–3m of overburden above the resource. Strip property. Hydroelectric power significantly entering the mill, cutti
Slide 17: PGMs — A Deposit-Wide Characteristic
PGMs — A DEPOSIT-WIDE CHARACTERISTIC NEW · Dec 2025 In December 2025, Renforth completed a PGM (platinum and palladium) re-assay program on existing Victoria drill core. 99 samples from 9 drill holes across the ultramafic horizon were tested. Metal Detection Limit Maximum (g/t) Mean (g/t) % Samples
Slide 18: Victoria Metals — On Every Critical Minerals List
VICTORIA METALS — ON EVERY CRITICAL MINERALS LIST Defence / Industrial Uses: Defence / Industrial Uses: Military armour · Battery cathodes · Stainless steel · Jet engine Jet engine superalloys · Battery cathodes · Cutting tools · alloys Magnets NICKEL COBALT Critical Minerals Lists: Critical Mineral
Slide 19: Funding Path — Parbec Gold Monetization → Victoria PEA
FUNDING PATH — PARBEC GOLD MONETIZATION → VICTORIA PEA Renforth holds two complementary assets: Victoria (critical minerals, long-term value) and Parbec (gold, near-term monetization). The strategy is straightforward. 1 Parbec Monetization 2 Capital Released 3 Victoria PEA Funded 9.61 Mt M+I at 0.86
Slide 20: Next Steps — Near-Term Catalysts
NEXT STEPS — NEAR-TERM CATALYSTS I MM ED IA TE NEA R- TER M • 1000m drill program, permit pending. Testing for depth extension under initial drill results; • undercut SUR-21-28 which intersected 0.46% Ni over 12m from • Additional drilling for depth extension and infill of 2.5km strike 187.5-202.5m
Slide 21: The Victoria Investment Case
THE VICTORIA INVESTMENT CASE Large-tonnage, multi-metal sulphide deposit: 125 Mt inferred, 413 Mlb NiEq, seven critical metals in a single package Best-in-class jurisdiction: Québec, Canada — allied nation, hydroelectric power, multiple nearby mills, road access Enormous exploration upside: only 12%
Slide 22: Victoria Geophysics
Victoria Geophysics Renforth Resources Inc. -- CSE: RFR | OTC: RFHRF | FSE: 9RR -- Nicole@renforthresources.com 21
Slide 23: Local M&A Activity
LOCAL M&A ACTIVITY Renforth Resources Inc. -- CSE: RFR | OTC: RFHRF | FSE: 9RR -- Nicole@renforthresources.com 22