Aztec Minerals Corp. · TSXV:AZT
Aztec Minerals — Investor Presentation (September 2026)
36 slides from Aztec Minerals's investor presentation, September 2026
Slide 1: Growing Gold-Silver Discovery in Arizona
Growing Gold-Silver Discovery in Arizona TSXV OTCQB Corporate Presentation AZT AZZTF SEPTEMBER 2026 AZTEC MINERALS CORPORATE PRESENTATION 2026
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation may contain forward-looking statements, including statements regarding future corporate plans and objectives, including exploration activities, results and interpretation and financial objectives, plans and activities of Aztec Minerals Corp. (“Aztec” or the “Co
Slide 3: Corporate Overview
CORPORATE OVERVIEW EXPLORATION COMPANY TWO MINING FRIENDLY GROWING GOLD-SILVER EMERGING GOLD DISCOVERY AT FOCUSED ON THE DISCOVERY OF JURISDICTIONS DISCOVERY AT TOMBSTONE, CERVANTES, SONORA LARGE GOLD AND SILVER POLY- ARIZONA METALLIC MINERAL DEPOSITS World-Class Mining Jurisdictions Tombstone P
Slide 4: Investor Highlights
INVESTOR HIGHLIGHTS Drilling and discovery stage company with projects in world-class mining jurisdictions, positioned for significant growth 01 02 03 04 WHY LARGE EMERGING WHY NORTH AMERICA? WHY AZTEC MINERALS? WHY NOW? DISCOVERIES? Major mining companies need large North America hosts the best
Slide 5: Capital Structure
CAPITAL STRUCTURE CAPITAL STRUCTURE TSXV AZT OTCQB AZZTF SHARES ISSUED 191.5 M INSIDERS 27.0 M (14%) OPTIONS & RSUs* 16.9 M CLOSELY HELD 68.8 M (36%) WORKING CAPITAL WARRANTS** 20.1 M C$4.0M (June 30, 2026) FULLY DILUTED 228.5 M MARKET CAP C$66M WESTERN USA & MEXICO EXPLORATION & DEVELOPMENT COMPANI
Slide 6: Project Locations
PROJECT LOCATIONS TOMBSTONE – SE ARIZONA 100 km southeast of Tucson Heart of world-class mining copper district 65 km northeast of massive Taylor zinc-lead-copper- silver- CRD discovery in similar geological setting (Arizona Mining acquired by South32) CERVANTES – SONORA, MEXICO 160 km east
Slide 7: Tombstone Project Location
TOMBSTONE PROJECT LOCATION OPEN PIT OXIDE TARGET WITH UNDERGROUND SULFIDE POTENTIAL Tombstone JV - SE Arizona 100 km southeast of Tucson Heart of world class porphyry copper district 65 km northeast of massive Taylor zinc-lead- copper-silver- ‘CRD’ discovery Arizona Mining acquired the small,
Slide 8: Tombstone Project Geology
TOMBSTONE PROJECT GEOLOGY Properties (black lines) cover many small historic silver mines along minor structures and largest historic mine (Contention) on major structure Open pit heap leach oxide gold-silver potential lies within Bisbee Group sediments (green) around and below the Contention pi
Slide 9: Tombstone Open Pit Oxide Target
TOMBSTONE OPEN PIT OXIDE TARGET FOCUSED DRILLING EXPANSION OF EXTENSIVE SHALLOW OXIDIZED AU-AG MINERALIZATION BELOW AND AROUND THE CONTENTION PIT Typical Open Pit Heap Leach Mines in Western USA run grades of 0.4-0.6 gpt gold, Tombstone 2020-2026 drill results are strong in comparison Contention
Slide 10: 2025-26 Drilling Expansion Target Area
2025-26 DRILLING EXPANSION TARGET AREA MAJOR DRILLING PROGRAM UNDERWAY NOW (2025-26) 102 holes completed (22,500m) with assay results reported for 84 holes Drilling continues with results pending from 18 drill holes Shallow, high-grade, oxide gold-silver drill targets support continuation of s
Slide 11: Contention North – High Grade Gold
CONTENTION NORTH – HIGH GRADE GOLD AZTEC DRILLS 5.16 GPT GOLD AND 39.12 GPT SILVER OVER 57.8 METERS, INCLUDING 58.5 GPT GOLD AND 173.1 GPT SILVER OVER 4.6 METERS Drillhole TR25-17 intersected a broad zone of 57.8m averaging 5.16 gpt Au and 39.12 gpt Ag from 9.1 m including 4.6m averaging 58.5 gpt
Slide 12: Contention Pit Mineralized Zones
CONTENTION PIT MINERALIZED ZONES RECENT DRILLING HAS INTERSECTED MULTIPLE BROAD ZONES WITH HIGH-GRADE SILVER AND GOLD INTERCEPTS Nearly each of the +160 drill holes in 2020-26 programs totaling +30,000m intersected wide, shallow oxidized Au-Ag mineralization 2025-2026 Drilling up to ~265 m depth
Slide 13: Contention Zone Drilling Long Section
CONTENTION ZONE DRILLING LONG SECTION AZTEC MINERALS CORPORATE PRESENTATION 2026 13
Slide 14: Recent Contention Zone Drill Sections – A, B
RECENT CONTENTION ZONE DRILL SECTIONS – A, B AZTEC MINERALS CORPORATE PRESENTATION 2026 14
Slide 15: Recent Contention Zone Drill Sections – C, D
RECENT CONTENTION ZONE DRILL SECTIONS – C, D AZTEC MINERALS CORPORATE PRESENTATION 2026 15
Slide 16: Contention Southern Extension – High Grade Silver
CONTENTION SOUTHERN EXTENSION – HIGH GRADE SILVER High Grade Ag of 7,269 gpt AgEq (3,669 gpt Ag, 44.7 gpt Au) over 1.52 m, within a zone of 569 gpt AgEq (290 gpt Ag, 3.48 gpt Au) over 25.8m - the highest silver grade encountered in drilling at the Tombstone Project The intercept in TR24-16 in th
Slide 17: Contention Zone AuEq Drill Highlights
CONTENTION ZONE AUEQ DRILL HIGHLIGHTS DRILLING HIGHLIGHTS TR25-17 5.16 gpt Au and 39.12 gpt Ag (5.72 gpt AuEq) over 57.8m TR26-30 1.08 gpt Au and 30.23 gpt Ag (1.63 gpt AuEq) over 155.4m TR26-39 1.42 gpt Au and 14.58 gpt Ag (1.69 gpt AuEq) over 88.4m TR21-22 2.44 gpt Au and 66.56 gpt Ag (3.39 gpt Au
Slide 18: Contention Pit Expansion Footprint
CONTENTION PIT EXPANSION FOOTPRINT GOLD-SILVER OXIDE SHALLOW MINERALIZED EXPANSION FOOTPRINT Previous drilling and studies have resulted in the discovery of shallow, broad intersections of oxidized gold and silver mineralization in areas adjacent to those previously explored or historically develo
Slide 19: Tombstone Historic CRD Drill Intercepts
TOMBSTONE HISTORIC CRD DRILL INTERCEPTS FIRST PASS DRILLING OF SULFIDE TARGETS Several historic core holes in the 1950’s and 1989, targeting porphyry, skarn, and CRD mineralization (Newmont and Santa Fe) Most of the drill holes intersected deep, narrow to medium width, high-grade silver-polymeta
Slide 20: Tombstone – NSAMT Lines and Plan
TOMBSTONE – NSAMT LINES AND PLAN, 600 & 800 m DEEP Deep polymetallic CRD mineralization drilled by Large Conductor below Strong Resistor Santa Fe Contention pit and Bisbee Interpreted to Sediments in Paleozoic Represent Granodiorite Limestones Old mine workings Intrusive Large scale structures Small
Slide 21: The Value of an Oxide Gold Deposit in the Western US
THE VALUE OF AN OXIDE GOLD DEPOSIT IN THE WESTERN US GRADE YEAR ACQUIRER PROJECT RESOURCE M OZ VALUE (USD) VALUE/OZ gpt ACQUIRED AngloGold Ashanti Mother Lode / M&I 3.66 0.77 2021 $370M $87 Target: Corvus Gold North Bullfrog Inferred 0.58 0.31 Centerra Gold M&I 0.17 0.71 Goldfield 2022 $207M $690 Se
Slide 22: Tombstone Summary
TOMBSTONE SUMMARY Aztec is operator of 85:15 Tombstone JV with Tombstone Partners Well-located property, patented and unpatented land, permitted aggregate operation, road access, extensive infrastructure, historic mining town, full services including water and power A historic silver district
Slide 23: Cervantes Project Location
CERVANTES PROJECT LOCATION CERVANTES PROJECT - 100% OWNED Large well-located property (3,649 hectares), good road access, private surface, water wells Multiple mining operations nearby, well- established gold mining district Step-out exploration drilling in 2023, targeting (Heliostar) expansio
Slide 24: Cervantes Project Geology
CERVANTES PROJECT GEOLOGY Multiple Exploration Targets Expansion drilling being planned at California Target AZTEC MINERALS CORPORATE PRESENTATION 2026 24
Slide 25: 2025 Exploration Program
2025 EXPLORATION PROGRAM 2025 EXPLORATION PROGRAM Confirming new prospects with porphyry related mineralization with results of up to 15.6 gpt Au, 177.3 gpt Ag, and 8,062 ppm Cu in the adjoining target areas of Brasil, Estrella, California East, California North, and Purisima East Discovery of e
Slide 26: California Zone Drilling
CALIFORNIA ZONE DRILLING THE OXIDIZED GOLD SURFACE MINERALIZATION IS STILL OPEN IN ALL DIRECTIONS (1KM X 1KM) The California and California North targets appear to be merging from drilling and surface exposures AZTEC MINERALS CORPORATE PRESENTATION 2026 26
Slide 27: California Zone Drilling
CALIFORNIA ZONE DRILLING Drilling now covers an area measuring VIEW OF MODELED approx. 1000m E-W by 730 wide N-S LITHOLOGY supporting continuous mineralization up to 170m depth vertically AZTEC MINERALS CORPORATE PRESENTATION 2026 27
Slide 28: California Zone Exploration Potential
CALIFORNIA ZONE EXPLORATION POTENTIAL DH CAL23-034 is the farthest test of the northwestern area of the California gold zone. DH CAL23-34 has expanded the knowledge to the northwest into the magnetic low geophysical anomaly that appears to be key to the gold porphyry mineralization of the Califo
Slide 29: California Zone Drill Hole Results
CALIFORNIA ZONE DRILL HOLE RESULTS DRILL RESULT HIGHLIGHT CAL22-005 137m @ 1.49 gpt gold CAL22-004 165m @ 1.00 gpt gold CAL22-012 152m @ 0.87 gpt gold 18CER-010 160m @ 0.77 gpt gold 17CER-005 139m @ 0.71 gpt gold CAL22-001 94m @ 1.04 gpt gold 17CER-003 118m @ 0.63 gpt gold CAL22-006 100m @ 0.75 gpt
Slide 30: California Zone Preliminary Model
CALIFORNIA ZONE PRELIMINARY MODEL Recent drilling results support geological setting for multiple gold-hosted quartz porphyries Continuous expansion of quartz porphyry surface footprint towards the southern and northern portion of the California zones Our shallow drilling program aims to quick
Slide 31: Excellent Metallurgical Results
EXCELLENT METALLURGICAL RESULTS EXCELLENT BOTTLE ROLL LEACH TEST GOLD RECOVERIES FROM 7 DRILL HOLES Oxide Group 1 results: 85.1% gold and 48.3% silver Oxide Group 2 results: 87.7% gold and 47.3% silver Mixed Oxide/Sulfide Group 3 results: 77.9% gold and 46.7% silver Sulfide Group 4 Results:
Slide 32: Cervantes Summary
CERVANTES SUMMARY Large well-located 100% owned property, (3,649 hectares) good road access, private surface, water wells Multiple prospective mineralized zones, related to high level porphyries and breccias along 6.0 km corridor Strong geochemical soil anomalies, California target averages 0.
Slide 33: Recent Milestones & Next Steps
RECENT MILESTONES & NEXT STEPS CORPORATE TOMBSTONE CERVANTES RECENT MILESTONES • Q3 2025: Increased interest in Tombstone • Q2 2025: Initiated drill program targeting • 2022: Completed 2022 drilling program of property to 85.0% ownership of project both oxide mineralization expanding reverse circula
Slide 34: Why Aztec Minerals?
WHY AZTEC MINERALS? EXPERIENCED MANAGEMENT ATTRACTIVE VALUATION TWO PROSPECTIVE PROJECTS AND DIRECTORS successful track records for C$66M Market Cap, Insiders own Cervantes in Sonora (100% owned) discovering orebodies, operating 14%, Closely-held 36%, Alamos Gold and Tombstone in Arizona (85.0% mine
Slide 35: Management, Directors, Advisors
MANAGEMENT, DIRECTORS, ADVISORS Simon Dyakowski, CFA, MBA Patricio Varas, B.Sc., P. Geo., Mark Rebagliati, B.Sc., P. Eng., President & CEO, Director Director Senior Technical Advisor Capital markets professional, +18 years of corporate Founder and Chairman of Western Potash and Renowned geologist, m
Slide 36: Contact
Contact Simon Dyakowski, President & CEO Vancouver, B.C. Cell: +1-604-619-7469 Email: simon@aztecminerals.com www.aztecminerals.com Time to catch the Aztec stagecoach! AZTEC MINERALS CORPORATE PRESENTATION 2026
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