Mustang Minerals Limited · TSXV:MMX
Mustang Minerals — Investor Presentation (April 2026)
16 slides from Mustang Minerals's investor presentation, April 2026
Slide 1: Corporate Presentation
www.azucarminerals.com TSX : AMZ \\ OTCQB : AXDDF CORPORATE PRESENTATION Gold & Copper Exploration // Rewriting the Rules of Discovery CORPORATE PRESENTATION | April 2026 www.mustang-minerals.com // TSX : MMX | OTCQB: MMXLF
Slide 2: Disclaimer
Disclaimer CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Safe Harbour Statement Certain statements in this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. Such forward-looking sta
Slide 3: Exploration in the Americas: New Focus on USA
Exploration in the Americas: New Focus on USA CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Management USA Exploration Focus • Experienced exploration and management team Three Porphyry Lithocap Projects Optioned from • Responsible for multiple discoveries with a track record of Almadex Minerals
Slide 4: Capitalisation Structure
Capitalisation Structure CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Exchanges and Symbols: TSX‐V: MMX OTCQB: MMXLF Issued shares: 73.8 MM* Options: ~5.8 MM* average strike price $0. 08 Warrants: nil * At Sept. 30, 2025 in Canadian Dollars Major Shareholders Almadex Minerals 19.0% Management/D
Slide 5: Pilot Copper-Gold Porphyry, Nevada
Pilot Copper-Gold Porphyry, Nevada CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Untested Copper-Gold Target • Acquired by Almadex Minerals in 2023. • Option to earn a 60%. • Located 1.5 hour drive from Tonapah. • Covers a 2 by 1 km area of exposed intense hydrothermal alteration typical of a po
Slide 6: Pilot, Nevada: Copper at Surface / Target Defined
Pilot, Nevada : Copper at Surface / Target Defined CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Historic Turquoise Mine Drill Target Defined Coincident IP, chargeability and magnetics Red circles indicate high defining a drill target associated with areas of historic alteration and soil geochem
Slide 7: Pilot, Nevada: Large IP Anomaly and Target
Pilot, Nevada : Large IP Anomaly and Target CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Well-Defined Target Coincident IP chargeability, magnetic high, pyrophyllite alteration, Cu‐Au‐Mo in soil samples, and historic turquoise mining activity suggest a well‐defined target at Pilot. 6
Slide 8: Red Ring and Confusion Hills Projects, Nevada
Red Ring and Confusion Hills Projects, Nevada CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Overview The projects cover two large exposed porphyry lithocaps. Alteration, geologic mapping, soil sampling and mag/IP geophysics completed. Confusion Hills High sulphidation epithermal prospect with po
Slide 9: Confusion Hills, Nevada: Option to earn 60%
Confusion Hills, Nevada: Option to earn 60% CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Large Porphyry Lithocap Identified and Mapped • Significant geochemical soil anomaly defined by soil and rock chip sampling. Up to 7 g/t associated with breccia zone and advanced argillic alteration. • Geop
Slide 10: Red Ring, Nevada: Option to Earn 60%
Red Ring, Nevada: Option to Earn 60% CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Large Area of Intense Hydrothermal Alteration • Covers a 2.8 by 1 km area of intense hydrothermal alteration typical of a porphyry lithocap environment. • Mapping, Soils Sampling and Geophysics carried complete. •
Slide 11: El Cobre Copper-Gold Property, Veracruz State
El Cobre Copper-Gold Property, Veracruz State CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Copper-Gold Porphyry System • Large outcropping Cu‐Au porphyry system in Veracruz State, Mexico • Five copper‐gold porphyry zones along an approximately 4‐5km trend • ~11,860 Ha claim • Established signif
Slide 12: El Cobre: Target Rich Environment
CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF El Cobre: Target Rich Environment Multiple Porphyries along ~4km trend New Suegro and Primo Targets discovered in 2019 Multiple additional target areas supported by mapping, soil sampling, alteration mapping and geophysics. Norte Resource announced F
Slide 13: Norte Zone Initial In-Pit Resource Estimate
Norte Zone Initial In-Pit Resource Estimate1 CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF • Gold‐dominant porphyry with important copper content. • Significant pit‐constrained resource established at the first of several high‐quality target areas at El Cobre. • Potential for resource expansion
Slide 14: Catalysts: 2026 to be a Transitional Year
CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Azucar Catalysts : 2026 to be a Transitional Year USA Exploration Focus • Reprioritisation on exploration in western USA • Focused exploration on newly optioned Nevada projects • Company has access to Almadex’s Exploration Team, Drilling Capacity and
Slide 15: Technical, QAQC and Additional Notes on Mineral Resource Estimate
CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Technical, QAQC and Additional Notes on Mineral Resource Estimate The Mineral Resource Estimate was prepared by Sue Bird M.Sc., P.Eng. of Moose Mountain Technical Services, the QP, in accordance with NI 43‐101, and with an effective date of August 3,
Slide 16: Contact Us: Headquarters in Vancouver, Canada
Contact Us : Headquarters in Vancouver, Canada CORPORATE PRESENTATION // TSX: MMX | OTCQB: MMXLF Contact us by mail: Morgan Poliquin, CEO Korm Trieu, CFO Suite 210‐1333 Johnston Street, Vancouver, BC, Canada, V6H 3R9 rockman@mustang‐minerals.com ktrieu@mustang‐minerals.com Phone: +1 604 689 7644 or
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