Slide 1: Exploration Success in Ghana's Premier Gold Regions
Pelangio Exploration Inc. Exploration Success in Ghana’s Premier Gold Regions TSXV: PX PDAC 2026
Slide 2: Disclaimer
DISCLAIMER CAUTIONARY NOTE REGARDING MINERAL RESOURCE ESTIMATES Investors should not assume that any of the indicated or inferred resource disclosed herein assume that any part or all of the mineral resources disclosed above will ever be will ever be upgraded to a higher category of mineral resource
Slide 3: Proven Discoverers Positioned for Growth
PROVEN DISCOVERERS POSITIONED FOR GROWTH Pelangio Exploration Inc. is committed to advancing world-class gold projects with a strategic focus on growing our gold resource. By leveraging our extensive experience in exploration and our deep understanding of the geological landscape, we aim to deliver
Slide 4: Location, Location, Location
‘Location, Location, Location’ GHANA, West Africa Manfo 2025 updated gold mineral resource 441,000 oz Indicated & 396,000 oz Inferred*, Located on the Sefwi-Bibiani Belt, 15 km from Newmont’s 26+ M oz** Ahafo Mine Obuasi + Dankran: High-grade gold intercepts ADJACENT TO AND ON STRIKE WITH AngloGold-
Slide 5: Resurgence of Mining Investment in Ghana
RESURGENCE OF MINING INVESTMENT IN GHANA • Four gold majors are operating Ghana and between their seven operations they produced over 2 Moz of Au in 2025. • Newmont and AngloGold have made substantial investments to grow their operations in Ghana. Zijin Mining purchased Newmont’s Akyem mine last yea
Slide 6: From Gold to Glory — Ghana Shines
FROM GOLD TO GLORY — GHANA SHINES Attractive Jurisdiction for Mining Investment • With 6 million ounces of gold produced in 2025, Ghana is the largest gold producing country in Africa and 6 th largest in the world.¹ • Ghana offers a politically stable and secure environment for mining investment • U
Slide 7: Why Pelangio?
WHY PELANGIO? Manfo: Mineral Resource Estimate (‘MRE”) Update August 2025: 441,000 oz Au Indicated and 396,000 oz Inferred Significant multi-phase exploration program recommended to expand the resource. Drilling is currently underway with results pending. Obuasi/Dankan Very large land package adjace
Slide 8: Manfo – August 2025 Updated MRE
MANFO – AUGUST 2025 UPDATED MRE (441,000 OZ AU @ 1.16 G/T INDICATED + 396,000 OZ AU @ 0.77 G/T INFERRED (AUG 2025) Manfo MRE Update (August 2025) Manfo Updated Mineral Resource Estimation, August 20, 2025 • The 2025 MRE update for the Manfo gold deposits returned 441,000 oz @ 1.16 g/t Au Indicated +
Slide 9: Pelangio Undervalued vs. W. African Peers
PELANGIO UNDERVALUED VS. W. AFRICAN PEERS
Slide 10: The Pelangio Proven Strategy for Gold Exploration Success
THE PELANGIO PROVEN STRATEGY FOR GOLD EXPLORATION SUCCESS Exploration Strategy Parameters Pelangio targets proven gold producing regions with strong geology and large, under-explored land packages in mining- friendly jurisdictions with a long gold mining history and significant local expertise. Adva
Slide 11: Exploration Success
EXPLORATION SUCCESS Pelangio re-envisioned the Detour deposit in Ontario Canada as an open-pit The asset spun out to Detour Gold for 50% equity interest VALUE INCREASE FROM $3.50 @ IPO TO $38.00 IN 2011 Manfo – eight discoveries along 9 km of structure and a maiden gold mineral resource Manfo - MRE
Slide 12: Meet Our Team
MEET OUR TEAM Ingrid Hibbard, LL.B. Donna McLean Kevin Thomson, P.Geo. Sam Torkornoo P.Geo. PRESIDENT & CEO CFO Senior V.P. Exploration Vice-President Africa Ingrid Hibbard is a seasoned mining Ms. McLean brings over 30 years of Mr. Thomson is a senior mining Sam Torkornoo has 22 years of profession
Slide 13: Pelangio's Management and Market Stats
PELANGIO’S MANAGEMENT AND MARKET STATS Trading Directors Management PX:TSX-V & PGXPF:OTCPINK Experience and Track Record - Diversified Talent for Success Sam Torkornoo, VP Africa Warrants Ingrid Hibbard, President & CEO 35Cap. $48M Market Options 7.7 Donna McLean, Chief Financial Officer JC St-Amour
Slide 14: Ghanaian Projects
GHANAIAN PROJECTS ~ WORLD CLASS OPPORTUNITIES ~ • Obuasi 280 km2 on the Ashanti Belt • Dankran 35 km2 on the Ashanti Belt • Manfo 100 km2 on the Sefwi Belt 15
Slide 15: Ghanaian Projects – 415 km²
GHANAIAN PROJECTS – 415 KM² ON THE ASHANTI & SEFWI-BIBIANI BELTS Manfo Obuasi & Dankran The 100 km² Manfo Project is in the Sefwi- The 315 km² Obuasi and Dankran Exploration Bibiani Belts, where: Projects are in the Ashanti Belt adjacent to AngloGold Ashanti’s Obuasi Mine, which: • Newmont: produced
Slide 16: Well-Located Manfo, Obuasi, and Dankran
WELL- LOCATED MANFO, OBUASI, AND DANKAN Located in the ‘big belts’ of SW Ghana • The Manfo and Obuasi + Dankran projects are located within the two most gold-endowed belts of SW Ghana, with > 150 Moz past-production + current resources. • Manfo (100 km²) is located in the Sefwi-Bibiani belt 15 km so
Slide 17: Manfo Project, Sefwi Belt
MANFO PROJECT, SEFWI BELT Manfo Project – 100 km² • The Manfo Project sits in the Sefwi-Bibiani Belt located south of Newmont’s 26 Moz* Ahafo Mine, situated 15 km south-southeast of the >10 Moz Subika deposit in similar granitoid intrusive rocks. • Pelangio has been exploring the Manfo property sinc
Slide 18: Manfo – Pelangio's Flagship Property
MANFO – PELANGIO’S FLAGSHIP PROPERTY (441,000 OZ AU @ 1.16 G/T INDICATED + 396,000 OZ AU @ 0.77 G/T INFERRED (AUG 2025) Manfo MRE Update (August 2025) • An updated Mineral Resource Estimate was completed for the Manfo gold deposits by SEMS Technical Services of Ghana and announced on August 20, 2025
Slide 19: Manfo – August 2025 Updated MRE
MANFO – AUGUST 2025 UPDATED MRE (441,000 OZ AU @ 1.16 G/T INDICATED + 396,000 OZ AU @ 0.77 G/T INFERRED (AUG 2025) Manfo MRE Update (August 2025) Manfo Updated Mineral Resource Estimation, August 20, 2025 • The 2025 MRE update for the Manfo gold deposits returned 441,000 oz @ 1.16 g/t Au Indicated +
Slide 20: Manfo – August 2025 Updated MRE
MANFO – AUGUST 2025 UPDATED MRE (441,000 OZ AU @ 1.16 G/T INDICATED + 396,000 OZ AU @ 0.77 G/T INFERRED (AUG 2025) Manfo MRE Update by Deposit • The Manfo Mineral Resource Estimate is contained in four deposits: Pokukrom East and West are within 500- meters of each other and together comprise 86% of
Slide 21: Manfo – August 2025 Updated MRE
MANFO – AUGUST 2025 UPDATED MRE (441,000 OZ AU @ 1.16 G/T INDICATED + 396,000 OZ AU @ 0.77 G/T INFERRED (AUG 2025) Sensitivity of the Gold Cut-off grade on the Block Model Gold Content* Cut-off Grade Sensitivity • At a range of gold cut-off grades, the Manfo block model gold content increases from 3
Slide 22: Manfo Resource Expansion Potential
MANFO RESOURCE EXPANSION POTENTIAL Pokukrom East Deposit • There is considerable potential to extend the Pokukrom East deposit which is open down-plunge to the north and down-dip at the shallow southern end. In addition, the southern and northern ends of the $2,600 Au pit are undrilled. • Resource e
Slide 23: Manfo Resource Expansion Potential
MANFO RESOURCE EXPANSION POTENTIAL Pokukrom East Deposit • A first pass resource step-out drill program is planned to demonstrate continued down-dip extension of the shallow southern end of the deposit plus test for down-plunge extensions of the northern end. • One deep hole will test to see if the
Slide 24: Manfo Resource Expansion Potential
MANFO RESOURCE EXPANSION POTENTIAL Pokukrom West Deposit • Small drilling programs around the Pokukrom West deposit in 2021 and 2023 demonstrated that the deposit remains open at shallow depth to the south and continues down-plunge to the north. • Further drilling to the south is planned which could
Slide 25: Manfo Resource Expansion Potential
MANFO RESOURCE EXPANSION POTENTIAL Nkansu and Nfante West Deposits • The relatively small Nkansu and Nfante West deposits, both entirely Inferred resource status, are both likely closed off to the northeast but are open at depth and to the southwest. • Infill drilling of the Nkansu deposit will conv
Slide 26: Manfo Exploration Drilling
MANFO EXPLORATION DRILLING Exploration Drilling Program • An exploration drilling program was planned in 2023 to test targets at Manfo but was not initiated. The resource extensional drilling underway on the Pokukrom deposits is the current priority. • This drilling program would test 10 targets and
Slide 27: Recent UAV Surveys – 4cm Orthophoto
RECENT UAV SURVEYS – 4CM ORTHOPHOTO UAV Orthophotography Survey • A UAV (Drone) survey was completed over the Manfo property in September 2025 covering the core 33 km² areas of prospectivity with high resolution orthophotography and magnetics. • The orthophoto survey was conducted at a resolution of
Slide 28: Recent UAV Surveys – High Resolution Magnetics
RECENT UAV SURVEYS – HIGH RESOLUTION MAGNETICS UAV Magnetics Survey • The UAV Survey also flew high-resolution magnetics with a line spacing of 50-meters with 675 line- kilometers of survey flown. • The magnetic survey, much higher resolution than the historical airborne surveys on the property, is
Slide 29: Manfo – Exploration Budget
MANFO – EXPLORATION BUDGET Recommended Exploration Budget • Resource extension and exploration drilling programs were recommended by SEMS Technical Services in their NI43-101 report on the Manfo MRE update which could result in substantial growth of the project’s total resource if successful. • A st
Slide 30: Ashanti Belt – Obuasi and Dankran Projects
ASHANTI BELT – OBUASI AND DANKRAN PROJECTS Obuasi & Dankran Projects – 315 km² • Contiguous properties, 100% held by Pelangio, 30 km of strike of the highly gold-endowed Ashanti Belt, adjacent to and on strike with the 60 Moz Obuasi Mine operated by Anglogold-Ashanti and book- ended by the small, hi
Slide 31: Obuasi Property – 280 km² Next Door to 60 Moz
OBUASI PROPERTY – 280 KM² NEXT DOOR TO 60 MOZ* Obuasi Project, targeting high-grade Au VTEM Survey EMZ dBdt Ch. 15 • Pelangio’s Obuasi property covers the interpreted strike extensions of the Obuasi Main and Gyabansu gold trends. Obuasi Main, which hosts most of the gold at the Obuasi Mine strikes t
Slide 32: TuNya Earn-In Option on the Obuasi Property
TUNYA EARN-IN OPTION ON THE OBUASI PROPERTY TuNya Agreement, Technical Study • Pelangio LOI granting TuNya Mineral Resources the right to earn an 80% interest in the southern portion of the Obuasi Property covering Tarkwaian stratigraphy and the possible strike extension of TuNya’s Kyereboso deposit
Slide 33: TuNya Earn-In Option on the Obuasi Property
TUNYA EARN-IN OPTION ON THE OBUASI PROPERTY TuNya Agreement, Technical Study • TuNya’s data and field work studies of Pelangio’s Obuasi property have identified the Obuasi Targets area along strike from the Obuasi Mine as being the most prospective area of the property. • TuNya conducted a 392 line-
Slide 34: Dankran Property
DANKRAN PROPERTY Dankran High-grade Gold Potential Obuom Mine (> 0.5 opt) • The Dankran property, contiguous to Pelangio’s Obuasi property, provides an additional 35 km² area and 7 km of strike of under-explored and prospective Ashanti belt geology next door to the small, high-grade historical Obuom
Slide 35: Thank You
eee EE i ——— wz Thank You ir@pelangio.com