Metal Energy Corp · TSXV:MERG
Metal Energy — Investor Presentation (July 2026)
31 slides from Metal Energy's investor presentation, Jul 7, 2026
Slide 1: NIV Gold-Copper-Moly: British Columbia's Best Untested Porphyry Target
NIV GOLD - COPPER - MOLY BRITISH COLUMBIA’S BEST UNTESTED PORPHYRY TARGET Q3 2026 M E R G: T S X V | M E E E F : O T C Q B QCCU: TSXV | QCCUF: OTCQB Part of the
Slide 2: NIV: Potential to be British Columbia's Next Major Discovery
NIV: POTENTIAL TO BE BRITISH COLUMBIA’S NEXT MAJOR DISCOVERY • NIV is permitted, and the best undrilled gold-copper porphyry target in BC; drilling to begin in 2026 • Located in the Toodoggone District --> BC’s new “Golden Triangle“ • Led by a Proven Exploration Team: • Ore Group + Charlie Greig: Am
Slide 3: Centerra & Teck: Two Cornerstone Partners
CENTERRA & TECK: TWO CORNERSTONE PARTNERS NIV is the most compelling target in British Columbia: Two strategic investments without drilling a single hole. 9.9% ownership 9.9% ownership Active in the Toodoggone: First investment in the Kemess Project Toodoggone Region News Release News Release Metal
Slide 4: NIV Hosts the Best Untested Target in British Columbia
NIV HOSTS THE BEST UNTESTED TARGET IN BRITISH COLUMBIA • Three approaches (Geology, Geochem, Geophysics) with coincident anomalies. • Similar host rocks as nearby multi-million-ounce deposits (Kemess1, Lawyers2, AuRORA3, Shasta4). • Robust 5 km long high-tenor soil geochemical anomaly. • East Niv di
Slide 5: 2026 Drill Program
2026 Drill Program Corporate Overview • First-ever drilling at NIV: 6,000 m in 12 holes • Discovery hole from East Niv's 2021 drilling: 0.56% CuEq over 82.6 metres incl. 1.02% CuEq over 14.8 metres • Drilling program commenced – July 2026 • Targeting a 5 km Au-Cu-Ag-Mo soil anomaly with strong coinc
Slide 6: 2026 Drill Program – Oblique View of Cross Section
2026 Drill Program – Oblique View of Cross Section • Porphyry-style system: widespread alteration, magnetic low with internal highs, chargeability highs to 400 m depth • Drill plan: SW-oriented holes, ~500–600 m depth, testing peak geochem + geophysical targets • Additional work: airborne mag (1,000
Slide 7: NIV is Toodoggone's Elephant Country
NIV IS TOODOGGONE’S ELEPHANT COUNTRY • Evidence for a large-scale gold-copper Greater Shasta- porphyry system Newberry • Similarities to multi-million-ounce Lawyers-Ranch Golden Triangle deposits, and nearby deposits at Kemess, JOY/AuRORA: JOY / AuRORA1 • Similar ages, similar host rocks Toodoggone
Slide 8: Coincident Gold, Copper, Molybdenum in Soil Anomalies
COINCIDENT GOLD, COPPER, MOLYBDENUM IN SOIL ANOMALIES Gold in soil Copper in soil Molybdenum in soil Metal Energy: TSXV | MEEEF: OTCQB 8
Slide 9: High Tenor Gold and Copper in Soil Geochemistry
HIGH TENOR GOLD AND COPPER IN SOIL GEOCHEMISTRY 1 kilometer 1 kilometer Metal Energy: TSXV | MEEEF: OTCQB 9
Slide 10: Magnetic Anomalies Associated with Soil & IP Anomalies
MAGNETIC ANOMALIES ASSOCIATED WITH SOIL & IP ANOMALIES • Elevated magnetic highs lie within an extensive northwesterly trending corridor and coincide with Resistivity (Ohm-m) zones of elevated chargeability, resistivity, and multielement soil geochemistry with Gold Geochemistry • Anomalies at least
Slide 11: Geophysical Responses Coincide with Extensive Soil Geochem Anomalies
GEOPHYSICAL RESPONSES COINCIDE WITH EXTENSIVE SOIL GEOCHEM ANOMALIES East Niv Discovery Hole East Niv Discovery Hole NW Trending Structure NW Trending Structure Resistivity Chargeability High High 3D Modelled Chargeability (mV/V) 3D Modelled Resistivity (ohm-m) with draped Gold in Soil Geochemistry
Slide 12: 3D Inversion of MobileMT
3D INVERSION OF MOBILEMT Conductive Cover West East Regional NW Trending Structure Resistivity High 3D Inversion of MobileMT Strongly Suggests that Resistivity Feature Associated with Elevated Multielement Geochemistry Extends Westward Beneath Post-Mineral Cover Rocks Metal Energy: TSXV | MEEEF: OTC
Slide 13: Metal Energy: TSXV | MEEEF: OTCQB
Metal Energy: TSXV | MEEEF: OTCQB 13
Slide 14: NIV: Strong Expression Relative to East Niv
NIV: STRONG EXPRESSION RELATIVE TO EAST NIV • East Niv (Northwest Copper) surrounds NIV Main trend • Same geology, less intense anomalies • 2021 Discovery: 0.56% CuEq over 81.6 m, incl. 1.02% CuEq over 14.8 m • Mineralization on strike and/or en echelon with NIV trend • Intensity of anomalies at NIV
Slide 15: NIV: Discoveries Are Based on Science, Not Property Size
NIV: DISCOVERIES ARE BASED ON SCIENCE, NOT PROPERTY SIZE Niv vs Nak: Property Size Comparison • Discoveries are based NOT on property size, but on scientific evidence for mineralization • NIV: +12,500 hectares vs. East Niv: +43,000 hectares NAK NIV Project • NIV anomalies better reflect the potentia
Slide 16: History of NIV: Exploration by Walcott & Greig
HISTORY OF NIV: EXPLORATION BY WALCOTT & GREIG • Limited exploration since 1966, including prospecting, aeromagnetics. • 2010: Alex Walcott stakes NIV property. • 2016: Soil geochemical survey by CJ Greig & Associates Ltd • Identification of areas with strongly anomalous copper values • 2021: Mappin
Slide 17: GT Gold Analogue: From $10M to $450M
GT GOLD ANALOGUE: FROM $10M TO $450M GT Gold Corp: Share Price From Maiden Drill Program to Exit • Saddle discovery was similar to NIV: 4.00 • Extensive gold-in-soil anomalies + 1 Maiden Drill Results including 13.03 g/t Au over 10.67m (Saddle South) 3.50 follow-up IP geophysics 2 Saddle North Disco
Slide 18: Technical Success Leads to Share Price Appreciation
TECHNICAL SUCCESS LEADS TO SHARE PRICE APPRECIATION • Recent exploration successes in Toodoggone have led to significant re-rating: • TDG Gold: 240.6m @ 1.23 g/t Au, 0.23% Cu, 1.8 g/t Ag • Amarc Resources: Freeport proceeding to Stage 2 of JOY Option Agreement • Thesis Gold: Multi-million-ounce gold
Slide 19: Additional Asset Optionality: Highland Valley & Manibridge
ADDITIONAL ASSET OPTIONALITY: HIGHLAND VALLEY & MANIBRIDGE Highland Valley Project (British Columbia) Manibridge Project (Manitoba) Highland Valley Project surrounds Teck’s HVC: Ex-Falconbridge mine in the Thompson • Upside across multiple high-potential zones. Nickel Belt: • Underexplored and has n
Slide 20: Highland Valley District
HIGHLAND VALLEY DISTRICT • Very Large Land Package that surrounds Teck Resources’ Highland Valley Copper Kamloops 50 km Operations (HVC). HVC Operations • 3-hour drive from Vancouver and 50km west of Kamloops. • Extensive infrastructure in place, including easy road access, rail, powerlines. • Proje
Slide 21: Teck's Highland Valley Copper Operations
TECK’S HIGHLAND VALLEY COPPER OPERATIONS • Largest open pit copper mining operation in Canada. • +60 years of production from Bethlehem Copper, Sumitomo, Rio Algom, Highmont Mining and Teck • Consolidation of companies to eventually create Teck Resources’ Highland Valley Copper (HVC). • Huge Copper
Slide 22: A Major Porphyry Copper District with Multiple Zones
A MAJOR PORPHYRY COPPER DISTRICT WITH MULTIPLE ZONES • Same host rocks as Teck’s Same rocks – Geological Map of the Guichon Creek Batholith compatible metallurgy. • Area has seen consistent discovery of low-grade bulk tonnage pits over the past 60+ years, • Anticipate discovering more low-grade bulk
Slide 23: Zone 2: Enriched with Gold & Rhenium
ZONE 2: ENRICHED WITH GOLD & RHENIUM • 1,000m long x 100m wide x 350m deep, and remains open to the northeast, northwest and at depth. • High-grade pockets within long intersections: • 27.0 metres @ 1.05% Cu, 5.0 g/t Ag, 0.019% Mo, 0.24 g/t Au from 95.0 metres. (Hole R08-05) • 32.5 metres @ 0.91% Cu
Slide 24: Manibridge Project
MANIBRIDGE PROJECT • Located in Manitoba's Thompson Nickel Belt, one of the richest nickel districts in the world. Kamloops 50 km • Past-producing Falconbridge mine: 1.3M tonnes @ 2.55% Ni, 0.27% Cu to a depth of 381 metres. • High quality sulphide and high-grade nickel deposit. • Potential for nume
Slide 25: Manibridge Project: High Grade Drill Results
MANIBRIDGE PROJECT: HIGH GRADE DRILL RESULTS Kamloops • 40 drill holes over 12,500 metres completed. 50 km • 100% of drill holes intersected visible Ni-Cu-Co sulphides. • 29 of 31 reported drill holes intersected >1% Ni over variable widths. • Mineralization is open in all directions. Vancouver 180
Slide 26: Proven Team with B.C. Porphyry Success
PROVEN TEAM WITH B.C. PORPHYRY SUCCESS Track record of discovery: Charles Greig, CEO Stephen Stewart, Chairman Colin Samples, Director • 40 years of experience in • Founder & Chair of Ore • Project development, exploration globally. Group M&A, founded & exited • Focused on M&A, private businesses. •
Slide 27: Ore Group: Competitive Advantage That Mitigates Risk
ORE GROUP: COMPETITIVE ADVANTAGE THAT MITIGATES RISK • Leading natural resource merchant bank. • $200M+ raised. Orecap Invest Stardust Metal • Vertically integrated operations with deep ZIGY.CN OCI.V technical experience, full back-office, legal, finance, governance and compliance. American Eagle Go
Slide 28: Corporate Overview
CORPORATE OVERVIEW Corporate Overview Share Price MERG:TSXV | MEEEF:OTCQB TSX Venture / OTC Markets MERG: TSXV | MEEED: OTCQB Shares Outstanding ~46.76 M Share Price (2026/07/07) (CAD) $0.85 Cash In Treasury (CAD) 1 ~$9.6 M Centerra (9.9%) Strategic Investors Teck (9.9%) 1 As per the audited annual
Slide 29: Metal Energy: Part of Ore Group
Metal Energy : Part of Ore Group consists of in-house technical and financial expertise & is focused on premier jurisdictions & on metals with strong, long-term fundamentals AURIGINAL MINING AWALE AUME: TSXV METAL ENERGY AMERICAN EAGLE GOLD ARIC: TSXV Copper & Gold exploration MERG: TSXV AE: TSXV Ne
Slide 30: Forward Looking Statements
FORWARD LOOKING STATEMENTS WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS CAUTIONARY STATEMENT REGARDING HISTORICAL RESOURCES INHERENTLY RISKY, AND ALL INVESTORS SHOULD BE KEENLY AWARE OF THIS The reader is cautioned that Metal Energy Inc. has not undertaken any independent This p
Slide 31: Stephen Stewart, Chair - Metal Energy
Stephen Stewart Chair - Metal Energy sstewart@oregroup.ca (416) 644-1567 Metal Energy: TSXV | MEEEF: OTCQB 31