Slide 1: Dedicated to Discovery
Dedicated to Discovery Investor Deck SEP 2026 www.hayasametals.com TSXV: HAY | OTCQB: HAYAF | FSE: FR20
Slide 2: Disclaimer
Disclaimer Certain statements contained in this presentation constitute forward-looking statements. These statements relate to future events or the Company's future performance, business prospects or opportunities. All statements other than statements of historical fact may be forward- looking state
Slide 3: Strategic Alliance Highlights
Strategic Alliance Highlights • Term sheet signed Sep. 17, 2026 with a Major Mining Corporation (MMC) • The Alliance Phase has two year term and will be solely funded by MMC. • US$1,000,000 must be spent within the Alliance AOI in order to enable a First Option in a Designated Project. • First Optio
Slide 4: Strategic Alliance Takeaways
Strategic Alliance Takeaways • The purpose of the Strategic Alliance is to find a long-life copper porphyry. • Hayasa may end up with one or more properties that are too small for a major. • Where HAY receives a prospect, MMC will receive a small royalty that varies on spend. • A gold property or VM
Slide 5: Corporate Highlights
Corporate Highlights • TSXV-listed TSXV: HAY | OTCQB: HAYAF | FSE: FR20 Company Fundamentals • Tight share structure, low microcap market capitalization • Insider ownership ~ 22%, 45% incl. Teck Resources and close associates • Joel Sutherland, CEO CA CPA CFA—Capital Markets background • Dennis Moor
Slide 6: Board of Directors
Board of Directors Dennis Moore Chairman and President, Technical Leader • Geologist/entrepreneur and proven mine-finder • Over 40 years experience in Latin America, Nevada, Australasia and Armenia • Discovered, delineated and vended the 2 Moz TZ gold mine and the Cuiú Cuiú gold deposit Joel Sutherl
Slide 7: Capital Structure
Capital Structure Share Ownership2 TSXV: HAY | OTCQB: HAYAF | FSE: FR20 Shares Outstanding1 72.7 M $0.22: 5.6 mln Exp. 03/28 Warrants 5.1 M $0.07-$0.17 Stock Options 5.6 M Exp. 04/28 – 04/31) Fully Diluted Shares 83.2 M Jun 2026 thru Sep 2026 Recent Share Price $0.06-0.08 52 week high/low $0.19/$0.0
Slide 8: About Armenia
About Armenia • U.S. brokered peace deal between Armenia and Azerbaijan signed 8 August 2025, TRIPP. • MOU signed May 26 with USA committing to a Critical Minerals deal signed Nov 2026. • EU-Armenia Connectivity Partnership signed. • General election: June 2026, incumbent, pro-western party won. • P
Slide 9: Tethyan Belt: Armenia
Tethyan Belt: Armenia Armenia Mining: 8 large metal mines • 3 porphyry Cu-Mo mines. Kajaran (Zangezur) the largest • Sotk Au mine (>4 Moz resource) • Amulsar (Lydian): 4.8 Moz gold resource, 200k oz/annum,12- year LOM. First gold pour: Sep. 2026. Source: MinEx Consulting: PDAC 2021 9
Slide 10: Urasar Project Overview
Urasar Project Overview Large-scale Au-Cu potential: Robust, 14km-long soil anomaly, numerous historic workings • 100% Hayasa owned, 3,380ha road-accessible exploration permit • Historic work (1930s and 1956-60): Urasar • Three Au and Cu mineralized zones, historic adits/drill holes • Continuous geo
Slide 11: Urasar Work Programs
Urasar Work Programs 2026 • AMT geophysical survey, 6 lines over 12 km • 1,070m drilling completed at UDD-022 and UDD-023, assays expected to be released late October 2026 2023 • Soil & rock chip sampling: demonstrated robust Cu-Au-base metal anomaly; • Initial interpretation: semi-continuous ARMANI
Slide 12: Urasar 2026 Drilling
Urasar 2026 Drilling 2026 drill program was designed to test near-vertical AMT anomalies identified at the western end of the property. These targets are supported by coincident anomalous surface geochemistry and mapped hydrothermal alteration. 1,070m Drilling completed, assay results expected to be
Slide 13: Vardenis: Project Overview
Vardenis: Project Overview Classic porphyry-epithermal with Cu, Mo & Au mineralization, 93km 2 o 20 km along strike; same stratigraphy as Amulsar: 4.8 Moz Au (1st pour ~ 2026) 2015-2017 (DPM $2.4mln spent) • Soil geochemistry, rock sampling & trenching. Geophysics: limited ground mag survey • Limite
Slide 14: Vardenis 2025 Drilling
Vardenis 2025 Drilling 2025 Drill Hole Locations Molybdenum in soil Copper in soil 10 diamond drill holes totaling 4,561m • Drilled three different mineralized zones: Soviet, Razmik NW, Artsiv prospects • Targeted surface Mo-Cu Geochem and AMT conductivity/IP chargeability anomalies • Strong to inte
Slide 15: Q4 Additions to portfolio
Q4 Additions to portfolio Hayasa is in the process of applying for three properties in Armenia, approval expected by year end. Amasia non-43-101 compliant historic resource of 11Mt @ >1% Sb. Rock chip Sb geochemistry outlines a coherent antimony anomaly with assays up to 8,010 ppm Sb, defining a hig
Slide 16: Q4 Additions to portfolio
Q4 Additions to portfolio Hovo’s Reward a 2km x 400m Au-Ag robust Mount Stephanie a copper-moly high sulfidation geochemical anomaly (no historic workings) system with covellite mineralization at surface 16
Slide 17: Hayasa Metals - Summary
Hayasa Metals - Summary 2024-25 ✓ Signed a gold royalty at Urasar with EMX/FNV, Jan 2025 ✓ Entered into a Vardenis Option & JV agreement with Teck Resources, Aug 2025 2026 ✓ Form exploration Strategic Alliance with a major mining company ✓ Urasar: 6-line AMT survey followed by up to 1,070m of drilli
Slide 18: Hayasa in the Community
Hayasa in the Community Building trust & creating opportunities in local communities • Early, open and ongoing dialogue via community meetings • Community improvements, including road construction to improve access • Contributions of US$60K/annum/project in land rental and direct payments • Creating
Slide 19: Appendix: Armenian Gov’t
Appendix: Armenian Gov’t President & Parliament • Form of Government: Parliamentary. Prime Minister Nikol Pashinyan, re-elected June 7, 2026 for an additional 5-year term • The Government of Armenia's stated aim is to sustain a Western style parliamentary democracy • Membership in International orga