Slide 1: Right Project - Right Team - Right Strategy
RIGHT PROJECT - RIGHT TEAM - RIGHT STRATEGY Sandy McVey, CEO 1 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF September 2026 smcvey@westvaultmining.com +1-778 388 2464
Slide 2: Compliance with NI 43-101 and Cautionary Statements
Compliance with NI 43-101 and Cautionary Statements Hasbrouck Project Pre-Feasibility Study, and Mineral Resource and Mineral Reserve Estimates. Certain information in this presentation has been taken from West Vault Mining’s news release of January 23 rd, 2023, “West Vault Mining Announces 51% IRR
Slide 3: Forward-looking Statements and Cautionary Note to US Investors
Forward-looking Statements and Cautionary Note to US Investors Forward-looking Information. This presentation contains forward-looking information or forward-looking statements (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information
Slide 4: First - Get the Right Project
FIRST - GET THE RIGHT PROJECT 4
Slide 5: Right Location
Right Location Nevada - the top mining address • Ranked #1 in investment attractiveness globally by Fraser Institute* • Ranked #4 in gold production globally** • Intersection of two prolific gold trends • Tonopah – a pro-mining town * Fraser Institute Annual Survey of Mining Companies, 2026 ** Nevad
Slide 6: Right Physical Attributes
Right Physical Attributes Three Hills Mine Deposits Two hills, 5 miles apart Geology + 600 boreholes, all-oxide 1:1.1 Strip Ratio, above Hasbrouck Mine Mining water table 13 test programs, 75% Metallurgy recovery Process Heap Leach Source – “Technical Report and Updated Preliminary Feasibility Study
Slide 7: First Pit Layout / Second Pit Layout
First Pit Layout Second Pit – Layout Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 2023, with contributions from Thomas Dyer, P.E., J. Bickel, C.P.G., Mark Jorgensen, R.M., S
Slide 8: Strong Metrics
Strong Metrics Status - Permitted, ready-to-build Gold production* - 561,000 oz over 8 years Initial Capex* - US $66M All-in Sustaining Cost* - US $877/oz IRR, after-tax ($2,600 gold)* - 110% NPV (5%) ($2,600 gold)* - US $503M * Source – “Technical Report and Updated Preliminary Feasibility Study: H
Slide 9: High Leverage to Gold Price
High Leverage to Gold Price See cautionary language about the Technical High leverage to Report on page 2 Source – “Technical Report and Updated gold price Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– Will re-rate as produced by RESPEC, Jan
Slide 10: Second - Get the Right Team
SECOND - GET THE RIGHT TEAM 10
Slide 11: Leadership & Management
Leadership & Management Peter Palmedo Pierre Lebel, MBA Priscila Costa Lima, Frank Hallam, BBA, CA Sandy McVey, Stephen Quin, BSc, P.Geo LLB BBA, CPA, CMA P.Eng, PMP Chairman and Director Independent Director Independent Director Director, CFO and Corporate CEO and COO Independent Advisor Secretary
Slide 12: Big Money Supports Our Thesis
Big Money Supports Our Thesis 72% INSTITUTIONALLY HELD, 48% INSIDERS Sun Valley Gold 46% Ruffer 17% Eric Sprott 5% Konwave AG (Gold 2000) 4% Management & Insiders 2% Sandy McVey, CEO 12 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 13: Third – Get the Right Strategy
THIRD – GET THE RIGHT STRATEGY 13
Slide 14: Our Strategy
Our Strategy • We believe we are in a long-term secular gold bull market • Accordingly, we hold and acquire ready-to-build, profitable, safe gold in Nevada • We are patient and risk-averse – we will only build or sell when it is most beneficial to our shareholders Sandy McVey, CEO 14 www.westvaultmi
Slide 15: West Vault Capital Structure
West Vault Capital Structure Shares Outstanding 58M Market Cap US$84M Cash US$1.1M Debt None Low overhead US $1M/year Sandy McVey, CEO 15 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 16: Peer Comparison
Peer Comparison P/NAV Typical permitted projects in good jurisdictions 0.45 x* Typical projects at first-pour-of-gold 1.0 x* Versus WVM – construction-ready, under-valued 0.14 x** * Market Multiples of Preproduction Gold Projects as of Sep 1 2021” – Joel Schneyer, Capstone Partners, presentation to
Slide 17: Possible Catalyst
Possible Catalyst • Higher gold price drives further value accretion – hold • Exploration on and near property, by us or others – enhance • Possible strategic partner or financing alternatives - transact • Possible M&A – transact Sandy McVey, CEO 17 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcv
Slide 18: Summary
Summary • Unique Property - simple project, robust economics, construction-ready, Nevada • Low risk – hold, pending decision to build or sell at right time • Strong support from gold-focused funds, long-term investors • No legacy liabilities or third-party encumbrances Sandy McVey, CEO 18 www.westva
Slide 19: Thank you
Thank you Sandy McVey, CEO & COO, M.Sc., P.Eng, PMP smcvey@westvaultmining.com P: 778 388 2464 TF: 1-866-899-5450 838 – 1100 Melville Street Vancouver, BC V6E 4A6 www.westvaultmining.com Sandy McVey, CEO 19 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 20: Additional information
Additional information Sandy McVey, CEO 20 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 21: Company Data
Company Data Stock symbol TSXV: WVM OTCQX:WVMDF US$1.1m cash on hand C$1.76 Share price (September 10, 2026) 52-week high / low C$1.32 / C$2.79 Issued & outstanding 58,075,566 Options 1,747,331 Restricted Share Units 182,900 Fully diluted 60,005,797 Deferred Share Units 168,455 Market capitalization
Slide 22: Hasbrouck Project in Nevada
Hasbrouck Project in Nevada Three centres of mineralization 12,000 acres with exploration potential Hill of Gold – a small upside opportunity All necessary infrastructure nearby * See cautionary language about exploration targets on Slide 2 Sandy McVey, CEO 22 www.westvaultmining.com TSXV: WVM OTCQX
Slide 23: First Pit - Simple, Profitable!
First Pit - Simple, Profitable! 71,000 oz per year Modest initial capital (US$66M, 2023 study) No pre-strip, 0.9:1 strip ratio Run-of-mine heap leach Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Generates cash to build Hasbrouck Mine Three Hills Gold-Silver Pro
Slide 24: First Pit Layout
First Pit Layout Simple, quick - no gold plant, contractor mining ~12 months to first gold pour Admin & assay lab in Tonopah – 1 mile Grid power - 0.2 mile On-site ground water Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmera
Slide 25: First Pit - Strong Exploration Potential
First Pit - Strong Exploration Potential* Four targets Extensions to known mineralization Open high-grade corridors Potential high-grade structures See cautionary language about exploration targets on Slide 2 Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three H
Slide 26: Three Hills Mine eastern expansion
First pit - first 2 years Three Hills Mine eastern expansion from to intercept Au HOLE m m m g/t TH12R15 93 160 67 3.2 TH14MW-1 55 95 40 1.4 TH14R-007 107 125 18 1.5 TH14R-002 162 175 14 0.6 TH14R-003 145 175 30 0.5 TH14R-004 171 223 52 0.7 TH14R-005 180 192 12 0.6 TH14R-008 131 139 8 0.5 TH14R-008
Slide 27: Second Pit – Simple, Profitable!
Second Pit – Simple, Profitable! 71,000 oz per year Little pre-strip, 1.2:1 strip ratio Strong expansion potential Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 2023, with co
Slide 28: Second Pit – Layout
Second Pit – Layout ~18 months to build Easy road access Grid power On-site water Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 2023, with contributions from Thomas Dyer, P.E
Slide 29: Hasbrouck Mine - strong expansion potential
Second pit - final 6 years Hasbrouck Mine - strong expansion potential Multiple on-property exploration targets See cautionary language about exploration targets on Slide 2 29
Slide 30: Hasbrouck Mine root potential
Structural Second pit - final 6 years stratigraphic controls West high grade Hasbrouck Mine 39 m of 4.8 g/t Au Structural intersections creating high grade root potential Walker Lane structure exiting pit High-grade epithermal heater Structural intersection system controls high grade 5 m of 11.3 g/t
Slide 31: 2023 Pre-feasibility summary
2023 Pre-feasibility summary See cautionary language on Mineral Reserves on Page 2 Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 2023, with contributions from Thomas Dyer, P.
Slide 32: Mineral Resource
Mineral Resource (Includes Reserve) See cautionary language on Mineral Reserves on Page 2 Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 2023, with contributions from Thomas D
Slide 33: Mineral Reserve
Mineral Reserve (included in Measured and Indicated Resource) 1. The estimation and classification of proven and probable reserves was prepared in accordance with CIM standards by Thomas L. Dyer P.E. of Mine Development Associates, who is the independent qualified person for this Reserve statement.