Alex Metals Corp. · TSXV:ALX
Alex Metals — Investor Presentation (April 2026)
29 slides from Alex Metals's investor presentation, April 2026
Slide 1: High-Grade VMS Exploration in Southeast Alaska
High-Grade VMS Exploration in Southeast Alaska April 2026
Slide 2: Alex Metals created to discover a world class silver-gold VMS deposit
Alex Metals was created with the sole objective of discovering a world class silver-gold rich volcanogenic massive sulfide (VMS) deposit We believe the Alexander Terrane of southeast Alaska is the best hunting ground globally to make this kind of discovery and that Alex Metals has the exploration te
Slide 3: Targeting projects with clear potential for a major discovery
Targeting projects with clear potential for a major discovery Portfolio of three of the best drill ready, discovery-stage silver-gold VMS prospects in SE Alaska Criteria 1 Criteria 2 Criteria 3 • High-grade VMS systems • Good access, infrastructure • Untested or underexplored with proven ‘ore’ grade
Slide 4: The Prize – Exploring for the next Greens Creek
The Prize – Exploring for the next Greens Creek Largest Silver producer in the United States 11th largest Silver producer globally (2023) 40 Mt @ 552 g/t Ag, 3.77 g/t Au, 8.5% Zn, 3.3% Pb 600 Moz Ag, 4.5 Moz Au, 6.87 Mlbs Zn, 2.6 Mlbs Pb Top 15 Global Silver Producers (2023) 41.1 Moz 19.0 18.0 16.8
Slide 5: Three High Quality VMS Projects in the Alexander Belt, SE Alaska
Three High Quality VMS Projects in the Alexander Belt, SE Alaska Windy Craggy (297 Mt Cu-Co) Palmer (+17 Mt Cu-Zn-Ag) Greens Creek (30Mt Ag-Au-Zn-Pb) #1 Silver Mine in USA “Wodski” Ag-Zn VMS Project 17m at 6.5 opt Ag, 12.7% Zn+Pb And 5.4m at 12.7 opt Ag, 22.2% Zn+Pb “Frenchie” Zn-Au VMS Project Gold
Slide 6: Management, directors and technical advisors
Darwin Green MSc, PGeo Gwen Preston, BSc, MJ Nathan Steeves, PhD Aris Morfopoulos, BCom Chairman President, CEO & Director VP Exploration CFO & Interim Director Entrepreneurial mining executive 20-year mining analyst, executive, Expert in ore system geology and CFO and accountant with 35+ years with
Slide 7: Strategically located in a tier-one mining jurisdiction
Strategically located in a tier-one mining jurisdiction Hosts some of the world’s most significant VMS deposits. Outstanding geological potential with limited modern exploration Aligned with U.S. domestic critical minerals priorities ESKAY Accessible, established mining jurisdiction: Located in Sout
Slide 8: Projects Overview
Projects Overview Three Drill Ready High-Grade VMS Projects • Wodski • KSO • Frenchie
Slide 9: Wodski Project: A high-grade silver VMS discovery opportunity
Target: Wodski ✓ +30Mt high-grade ‘Greens Creek Style’ Ag-Au-Zn-Pb VMS Deposit Project: A Concept: high-grade silver VMS ✓ Widespread VMS mineralization with a likeness to Greens Creek – similar host rocks, metal ratios and proven ability to generate thick intervals of high-grade Ag-Zn-Pb. No discov
Slide 10: Wodski Project: A high-grade silver VMS discovery opportunity
Wodski Project: A high-grade silver VMS discovery opportunity A Greens Creek type silver-rich VMS Target • A high - grade Ag- Zn- Pb near - surface drill discovery made in 2004 that has seen no follow - up • 5.4m @ 437 g/t Ag (12.7 opt) and 22.24% Zn+Pb • 17.7m@ 223 g/t Ag (6.5 opt) and 12.69%Zn+Pb
Slide 11: Wodski Project: Widespread VMS Mineralization
Wodski Project: A high-grade silver VMS discovery opportunity Widespread VMS Mineralization • Lost Lake Prospect “Geologic Inventory”: Lost Lake Scott • 553,800 tons @ 2.5 opt Ag, 8.1% Zn, 0.63% Pb • Mad Dog Prospect early-stage gold-rich zinc Over 12 kms of prospective East Lake and lead discovery
Slide 12: Mad Dog Prospect Drill Intersections
Wodski Project: A high-grade silver VMS discovery opportunity Mad Dog Prospect Drill Intersections – Zero Follow-up Since Originally Drilled in 2004 Drill Hole From (m) To (m) Interval (m)* Ag (g/t) Ag (opt) Zn (%) Pb (%) Zn + Pb (%) MD04-01 30.3 35.7 5.4 437 12.7 18.45 3.79 22.24 And 40.7 57.7 17.7
Slide 13: Wodski Project: Mad Dog 2025 Results
Wodski Project: Mad Dog 2025 Results Grab Samples: •203 g/t Ag, 10.5 g/t Au, 15.7% Zn, 3.1% Pb •257 g/t Ag, 1.7 g/t Au, 20.6% Zn, 1.5% Pb •381 g/t Ag, 3.8 g/t Au, 16.3% Zn, 1.7% Pb •211 g/t Ag, 3.5 g/t Au, 3.2% Zn, 3.0% Pb 13
Slide 14: Lost Lake
618,500 Lost Lake WO86-005: 2.4 m @ 9.4% Zn, 17,685 g/t Ag ci a incl. 1.2m @ 11.8% Zn, 36,303 g/tAg__|| WO86-019: 6.6 m @ 6.7% Zn, 91 git Ag | incl. 1.2m @ 21.5% Zn, 151 git Ag WO86-002: 4.6 m @ 9.3% Zn, and 0.5 m @ 26.5% Zn, 795 git Ag 0.5% Pb, 103 g/t Ag == and 0.6 m @ 5.4% Zn, 1.1% Pb, Sample: 1.
Slide 15: Lost Lake, Scott, East Lake
Lost Lake, Scott, East Lake 15
Slide 16: KSO Project: Historic Cu-Au VMS mine
Target: KSO Project: • +30Mt high-grade Cu-Au VMS deposit Historic Cu-Au Concept: VMS mine with modern • An historical copper-gold VMS mine that has seen very limited exploration since mine closure in 1907 after collapse in Cu price. Potential for mineralization exposed discovery at surface to repre
Slide 17: KSO Project: Historic Cu-Au VMS mine with modern discovery upside
KSO Project: Historic Cu-Au VMS mine with modern discovery upside Easy access to logging roads and the ocean for marine transport X Khayyam Mine Site Recent Logging X Stumble-On Mine Site Old Logging Road Omar Creek Looking south-southwest – 4km to Pacific Ocean Looking north-northwest – active logg
Slide 18: Khayyam Mine Site – Thick Bed of Massive Sulfide at Surface
KSO Project: Historic Cu-Au VMS mine with modern discovery upside Khayyam Mine Site – Thick Bed of Massive Sulfide at Surface Stumble-On Mine Site 10 to 15ft wide Zone of Massive Sulfide +/-1000ft strike at Khayyam Mine Site Looking east 18
Slide 19: Khayyam Deposit
Khayyam Deposit Lenses of massive to semimassive pyrite and chalcopyrite, with subordinate pyrrhotite, sphalerite, and magnetite At least six lenses are identified at Khayyam, up to 8 m thick over a 70 m-thick stratigraphic interval Chip samples up to: 3.7 g/t Au, 54.9 g/t Ag, 8.1% Cu, 6.5% Zn over
Slide 20: KSO Project: Surface Rock Sampling
KSO Project: Surface Rock Sampling High-grade Copper Golde and Silver X Massive sulfide from Adit 6 showing banded pyrite, chalcopyrite, and bornite. Photo is from an area sampled as a 1.2m chip grading 6.2 g/t Au, 83.7 g/t Ag, 11.8% Cu, and 6.1% Zn 20 20
Slide 21: KSO Project: Stumble-On Assays – Surface Rock Sampling
KSO Project: Stumble-On Assays – Surface Rock Sampling Sample Au g/t Ag g/t Cu % Zn % Type Notes Sample# B0171705: B0171704 0.49 46.2 7.38 3.40 Grab/Float Msv Cpy-Py float boulder 2ft Chip across Massive Sulfide B0171705 0.47 32.6 4.93 2.63 Chip 2ft Chip across Msv Sx bed outcrop near Stumble-On adi
Slide 22: ~——— Discovery Adit, Crossout {
pe ~——— Discovery Adit, Crossout { - / 1.1m chip: . / /18.2% Cu, 1.7 g/t Au (1946) ns Be , wy { |Grab: a, StumbleOn S |9.9 % Cu, 4.5 g/t Au ES Lower Adit J , La ee “o pi J j Trench ea Oe a | Crosscut Adit Grab: / ‘ Pili SE Cu, 6.9 git Au ; Sai ys -_ Kb i Adit __-[Discovery Adit Outcrop Float: Wt 3.1
Slide 23: KSO Project: Geophysics
KSO Project: Geophysics Strong EM conductor anomalies associated with known Massive Sulfide • Electro Magnetic (EM) geophysical survey flown October 2025 identified strong EM conductors associated with known massive sulfide and large NEW conductor anomalies on trend to the west Results from 220 line
Slide 24: Frenchie Project: Walk-up drill target
Target: Frenchie • +30Mt high-grade ‘Greens Creek Style’ Ag-Au-Zn-Pb VMS deposit Project: Walk-up drill Concept: target in a • Gold-rich Greens Creek type massive sulfide prospect that is a walk-up drill target. Test the potential for the 3-5m thick massive sulfide exposed for 180 meters in a Greens
Slide 25: Frenchie Project: Walk-up drill target in a Greens Creek–style VMS system
Frenchie Project: Walk-up drill target in a Greens Creek–style VMS system 25
Slide 26: Frenchie
Frenchie Grab: 1.5 g/t Au, 1.5% Zn, 0.9% Cu
Slide 27: Go-Public Plan and Schedule
Go-Public Plan and Schedule Steady Progress over Past 6 months, Targeting April 2026 to Complete TSX.V Listing Checking the boxes: ✓ Completed seed financings ✓ Completed team build out - Executive Management, Directors and Technical Team ✓ Completed 6-week fall 2025 work program – mapping, sampling
Slide 28: Pro-Forma Capitalization Table
Pro-Forma Capitalization Table PROCEEDS / DATE FORM SHARES PRICE DETAILS VALUE 15-Apr-25 Founders Placement Round 2,000,000 $0.01 $20,000 Company formation (Founders shares) 15-Apr-25 Wodski and KSO Property Acquisition 1 8,000,000 Acquisition of Principal properties (from founders) Mid 2025 to $0.1
Slide 29: Investor Relations
Investor Relations info@alexmetals.com 29