Soma Gold Corp. · TSXV:SOMA
Soma Gold — Investor Presentation (February 2026)
41 slides from Soma Gold's investor presentation, February 2026
Slide 1: Corporate Presentation February 2026
TSXV:SOMA // OTCQB:SMAGF CORPORATE PRESENTATION FEBRUARY 2026 TSXV:SOMA // OTCQB:SMAGF
Slide 2: Legal Disclaimer
Legal Disclaimer Cautionary Note Regarding Forward Looking Information Some statements herein contain “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements are statements and information regarding possible events, conditions or results of ope
Slide 3: Soma Gold Overview
SOMA GOLD OVERVIEW TSXV:SOMA // OTCQB:SMAGF
Slide 4: Soma Gold - Value Proposition
Soma Gold - Value Proposition Organic Growth from 25 to +65 Koz/yr Au within 18 months Increase ore feed, apply ore sorting and expand plant Accretive M&A Opportunities Committed to pursuing acquisitions that enhance shareholder value Strong Balance Sheet Cash of ~C$7M(1) and ~C$40M in LTM EBITDA Si
Slide 5: Soma Gold - At a Glance
Soma Gold - At a Glance Operational El Bagre Complex – 2 430 Producing Producing Km2 of Complexes Concessions ~25 Koz 65-75 Koz LTM Gold Medium-term Annual Medellin Production(1) Gold Production(2) Bogota El Limon Complex – Financial Producing C$39M C$270M LTM EBITDA(1) Market Cap(3) ~C$7M ~0.37x Ca
Slide 6: Corporate Snapshot
Corporate Snapshot Share Price Performance (C$) Capital Markets Data 3.00 TSXV / OTCQB Symbols SOMA / SMAGF 52-Week Range (TSXV) C$0.51 – C$2.46 2.50 Share Price (close on Jan. 29, 2026) C$2.30 Shares Outstanding(1)(2) ~117.3M Market Capitalization(2) C$269.7M 2.00 Cash(1)(3) C$6.5M Debt(1) C$21.2M
Slide 7: Peer Comparison
Peer Comparison EV/LTM EBITDA (x) (1)(2) EV/2026E EBITDA (x) (1)(3) (1)(2) - 5.0 10.0 15.0 20.0 25.0 30.0 - 1.0 2.0 3.0 4.0 5.0 6.0 7.0 Heliostar Aris Mining Jaguar Mining Luca Mining Luca Mining Mineros Aris Mining Integra Resources Orvana Gold Wesdome Gold Mines Integra Resources Andean Precious M
Slide 8: Experienced Leadership Team
Experienced Leadership Team GeoffofHampson Board Directors Management Geoff Hampson, Chairman & CEO Greg Hayes, CFO Chairman and CEO Founded and financed multiple private and public companies with Several CFO and CEO roles with public companies including Golden experience in mining, oil & gas, manuf
Slide 9: Colombia - Excellent Mining Jurisdiction
Colombia - Excellent Mining Jurisdiction • Large portions of Colombia remain geologically underexplored, offering substantial upside potential for El Bagre Complex new discoveries El Limon Complex • Colombia has competitive operating costs, experienced Buritica Gold Mine labour force and established
Slide 10: Organic & Hub and Spoke Growth Strategy
ORGANIC & HUB AND SPOKE GROWTH STRATEGY TSXV:SOMA // OTCQB:SMAGF
Slide 11: Organic Growth Strategy - Overview
Organic Growth Strategy - Overview • Soma has a 430 km2 district scale property next to Aris Mining’s Annual Targeted Gold Production (TSX:ARIS) 350,000 oz/yr Au Segovia operations • Ongoing exploration program funded by free cash flow with +340,000 m of DDH drilling on property, targeting +1 Moz Au
Slide 12: Organic Growth Strategy - Key Contributors
Organic Growth Strategy - Key Contributors Ore Source Significance / Catalyst • Permitted mine I Cordero Mine • Main ore source with strong track record of consistent feed • Amenable to ore sorting • Permitted mine currently producing 15-20 tpd @ 10-12 g/t Au II Escondida Mine • 25 km trucking dista
Slide 13: Organic Growth Strategy - Stacked Pipeline Approach
Organic Growth Strategy - Stacked Pipeline Approach +430 km2 of almost contiguous land package with strong mineral endowment located in Colombia Escondida Summit Primavera Santa Maria Psyche 2 (Gold) Porquera Greenfield Cordero Sur Orus Brownfield / Restart 3rd Party Escondida Aurora Cordero Limonci
Slide 14: Hub and Spoke Strategy
Hub and Spoke Strategy Medium-Term Targets Designated Expected Ore Grade Metal Mill Timing tpd g/t Au Koz Au Escondida El Bagre Mill 20 - 40 tpd Cordero Cordero 450 - 600 5-7 32 El Limon / El Bagre Operational 10 - 12 g/t Au 450 - 600 tpd Aurora 25 - 40 3-4 1 El Limon Ramping up 5 - 7 g/t Au Artisan
Slide 15: Portfolio Overview
PORTFOLIO OVERVIEW TSXV:SOMA // OTCQB:SMAGF
Slide 16: El Bagre Complex
El Bagre Complex El Bagre Complex Feeder Sources Cordero and Nechi Mine Capacity 450 tpd Permitted Capacity 1,000 tpd Mining Underground - Conventional and mechanized Recoveries 88.2% (last twelve months) Gold Production (Koz AuEq)(1) 35 30 25 El Bagre Milling Facility 20 15 10 5 - 2020 2021 2022 20
Slide 17: Cordero Mine
Cordero Mine • Targeted mine production of 450 - 600 tpd with surplus to be trucked to the El Limon mill • 12 - 14 stopes in production using raised stope, mechanized and Resue mining methods • Targeting 20 - 30 Koz/yr Au for 2026 - 2030 • Drilling from underground to extend down dip ore shoots • Di
Slide 18: Nechi Mine
Nechi Mine • 42,000 m of DDH drilling already completed • Some of the previously built decline and underground workings can be re-purposed • 250 - 300 tpd production planned • Ore to be milled at the El Bagre and El Limon mill • Permitting underway, with mining license expected in late 2026 Nechi -
Slide 19: El Limon Complex
El Limon Complex El Limon Complex Feeder Sources Limon, Escondida, Aurora, Cordero and Nechi Mine, Artisanal Capacity 225 tpd Permitted Capacity 400 tpd Mining Underground - Conventional and mechanized Recoveries Historically 85 - 90% Currently ramping up to El Limon Milling Facility initial target
Slide 20: Limon Mine
Limon Mine • Parallel structures to the N ZOOM LONG SECTION historic Limon vein LIMON MINE LONG SECTION VIEW TO EAST LMDDH_25_006 • 50 m to the west with an LDDH_21_010 1 m @ 3.84 Au g/t LMDDH_25_008 0.5 m @ 9.32 Au g/t en echelon orientation 0.5 m @ 4.51 Au g/t PORTAL LMDDH_25_016 • Limon produced
Slide 21: Escondida Mine
Escondida Mine • Located 25 km west of the El Limon mill • Fully permitted legal mine with PTO, environmental and explosives permits for 50 tpd • Mineralization with vein widths of 2 - 3 m, strike of 1,000 m and grades of 10 - 12 g/t Au • Never been drilled - moving a DDH rig onto the site in 2026 •
Slide 22: Aurora Mine
Aurora Mine • Located 10 km south of the El Limon mill • Paved road to El Limon and El Bagre mills • Fully permitted mine that has been rehabilitated and production ramping up since Q3 2025 • High-grade intercepts and channel samples with grades +25 g/t Au • Associated with a large number of adjacen
Slide 23: Artisanal Miners
Artisanal Miners • There are many small miners working on outcropped hard rock and alluvial deposits on Soma’s property Cocohondo • Soma’s strategy is to work with these small miners to formalize them under the Government of Colombia’s program Brisas El Catorce • There are currently 28 applications
Slide 24: Opportunities & Exploration Strategy
OPPORTUNITIES & EXPLORATION STRATEGY TSXV:SOMA // OTCQB:SMAGF
Slide 25: Ore Sorting Strategy
Ore Sorting Strategy • After bulk sample tests with Steinert and Tomra, ore sorting strategy is being executed in 2026 • Combined mass reduction (coarse and fine) of ~55%, grade increase by ~63%, with overall recovery of ~95% • Metallurgical recoveries • Coarse fraction: 97% • Fine fraction: 84% • T
Slide 26: Exploration Strategy
Exploration Strategy • Targeting 40,000 – 45,000 m of DDH across the property in 2026 • Multiple targets identified through surface sampling and Escondida Summit artisanal mining Cordero Sur • Airborne geophysical and LIDAR surveys completed • 10-person geological team Santa Maria Estrella • 3 compa
Slide 27: Exploration at Cordero - Overview
Exploration at Cordero - Overview • Ongoing exploration program Atenas Cordero at Cordero with ~17,000 m Venus Venus Gap drilled in 2025 Victoria Ramp • Focused exploration initiatives on new discoveries at Cordero Cordero Viejo and near mine plan targets • Drilling in the Venus Gap, Atenas and disc
Slide 28: Exploration at Cordero - Atenas
Exploration at Cordero - Atenas • Exploration program at Atenas with +6,700 m drilled • Program was designed to provide infill drilling and test dip and strike extent • Veins were extended by 60 m along strike and 160 m down dip • Drill results exceeded expectations • Follow-up program will focus on
Slide 29: Exploration at Cordero - Venus Gap
Exploration at Cordero - Venus Gap • Exploration program at Venus Gap with +2,800 m drilled • Latest drill highlights include: • 5.20 m at 16.1g/t Au incl. 0.80 m at 94.3 g/t Au • 1.70 m at 9.2 g/t Au incl. 0.60 m at 18.8 g/t Au • 2.10 m at 11.9 g/t Au incl. 0.65 m at 32.5 g/t Au • 6.00 m at 7.5 g/t
Slide 30: Exploration at Psyche - Gold
Exploration at Psyche 2 - Gold • Ongoing exploration program at Aurora and surroundings with Psyche 2 Gold Soil Anomalies +6,000 m drilled in 2025 • Orion Mine Channel Samples: • CHU100189 1.0 m @ 36.2 g/t Au, including 0.35 m @ 103.4 g/t Au • CHU100191 1.35 m @ 28.6 g/t Au, including 0.35 m @ 104.1
Slide 31: Exploration at Psyche - Copper
Exploration at Psyche 2 - Copper • Potential copper anomaly on the Otu Centro property which was Psyche 2 Copper Soil Anomalies acquired in 2023 4.4 km mag • Recently acquired two tenements that increase coverage of the high/Cu anomaly copper anomaly • Several artisanal underground mines in the area
Slide 32: ESG Mission & Implementation
ESG MISSION & IMPLEMENTATION TSXV:SOMA // OTCQB:SMAGF
Slide 33: ESG - Leading by Example
ESG - Leading by Example • Environmental • First Colombian mining company to be certified as carbon-neutral(1) Support programs to promote healthy • Formalizing small miners eliminates the use of mercury habits, care of the environment and prevention of risks to people’s integrity • Sustainable and
Slide 34: ESG - Pioneering Life-Centric Mining Values
ESG - Pioneering Life-Centric Mining Values At Soma ESG, we go beyond conventional mining. We infuse every step of our operations with an unwavering commitment to elevating the value of life: ✓ Employee Well-being: Our health and well-being take center stage. We emphasize a balance between work, fam
Slide 35: Summary
Summary Organic Growth Exploration Upside Financial Strength Insider Ownership Increasing annual 43,000 ha of highly Substantial cash balance Management and production to +65,000 oz prospective targets on a and strong cash flow to Directors hold ~60% of the Au based on current proven mineralized tre
Slide 36: Appendix
APPENDIX TSXV:SOMA // OTCQB:SMAGF
Slide 37: Financial Performance
Financial Performance Financial Data Q3 2025 Q2 2025 Q1 2025 Q4 2024 LTM 2025 FY 2024 FY 2023 Revenue C$M 18.1 23.0 27.9 24.9 93.9 89.4 81.2 Income from Mine Operations C$M 5.3 5.7 9.8 8.2 29.0 25.2 28.0 Net Income (Loss) C$M 0.4 1.6 3.2 3.6 8.8 4.2 2.8 EBITDA C$M 6.2 9.1 12.4 10.5 38.2 33.2 31.1 Ad
Slide 38: Operating Performance
Operating Performance Operating Data Q3 2025 Q2 2025 Q1 2025 Q4 2024 LTM 2025 FY 2024 FY 2023 Ore Mined Kt 28.8 35.3 38.9 40.6 143.5 146.8 157.2 Ore Milled Kt 25.9 33.6 37.2 39.6 136.3 147.2 147.2 Grade g/t Au 5.75 5.55 6.25 6.16 5.96 6.61 7.62 Recovery % 89.1% 88.1% 87.9% 88.1% 88.2% 88.3% 88.3% Go
Slide 39: Mineral Resources
Mineral Resources Summary of Mineral Resources (Dec 31, 2022)(1) 1. CIM (2014) definitions were followed for Mineral Resources 2. Mineral Resources are estimated at a cut-off grade of 2.40 g/t Au for Category Tonnage (Kt) Grade (g/t Au) Gold (Koz) Cordero and 3.1 g/t Au for Nechí 3. Mineral Resource
Slide 40: Technical Disclosure
Technical Disclosure Unless otherwise indicated, the scientific disclosure and technical information included in this presentation are based upon information included in the following documents and NI 43-101 compliant technical reports: 1. Technical report entitled “Technical Report on the El Bagre
Slide 41: Contact Us
TSXV:SOMA // OTCQB:SMAGF CONTACT US 1500 – 409 GRANVILLE STREET VANCOUVER, BC V6C 1T2 INFO@SOMAGOLDCORP.COM +1 604 259-0302 WWW.SOMAGOLDCORP.COM GEOFF HAMPSON CHAIRMAN & CEO GEOFF@SOMAGOLDCORP.COM JEAN-FRANCOIS MEILLEUR VP CAPITAL MARKETS JEAN-FRANCOIS@SOMAGOLDCORP.COM TSXV:SOMA // OTCQB:SMAGF