Finlay Minerals Ltd. · TSXV:FYL
Finlay Minerals — Technical Presentation (February 2026)
35 slides from Finlay Minerals's technical presentation, February 2026
Slide 1: PIL Property Technical Presentation
TSX-V: FYL | OTCQB: FYMNF PIL PROPERTY TECHNICAL PRESENTATION FEBRUARY 2026 PIL Property – PIL SOUTH Target
Slide 2: Cautionary & Forward-Looking Information
CAUTIONARY & FORWARD-LOOKING INFORMATION This presentation includes certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this presentation that address e
Slide 3: Finlay Minerals Is Dedicated to Responsible Exploration Practices
FINLAY MINERALS IS DEDICATED TO RESPONSIBLE EXPLORATION PRACTICES Our goal is to proactively and transparently communicate with local First Nation communities. We aim to build and maintain positive relationships with the First Nations on whose territories we operate, while also advancing our project
Slide 4: PIL Property
PIL PROPERTY ► 100% owned. ► 13,374 hectares. ► Porphyry Cu-Au and Au-Ag-Pb-Zn-Cu epithermal targets. ► Within Toodoggone District Stikine Terrane, which hosts several deposits. In April 2025, Freeport-McMoRan Canada Mineral Properties Inc. (“Freeport”) signed a 6 year Earn-In Agreement to acquire a
Slide 5: Toodoggone Copper Porphyry Corridor
TOODOGGONE COPPER PORPHYRY CORRIDOR PIL is within the 70 km Copper Porphyry Corridor trend of the Toodoggone District. PIL is permitted and drill ready for the 2026 season. Road accessible from Mackenzie and Prince George and only 12 kilometers from the Sturdee Airstrip. Large powerline (256kv) conn
Slide 6: PIL Toodoggone Location
PIL TOODOGGONE LOCATION Strategically located within the Toodoggone, proximal to significant LAWYERS-RANCH (combined M+I Resource*): 3.34 Moz Au & 97.89 Moz Ag in 117.5 Mt Cu-Au porphyry and Au- Ag epithermal resources. AuRORA DISCOVERY* JP25120: 33.0 m of 0.58 g/t Au, 0.22% Cu and 5.4 g/t Ag from 5
Slide 7: Potential for Discovery
POTENTIAL FOR DISCOVERY Multiple Cu-Au ± Mo porphyry and epithermal Au-Ag targets. Freeport and Amarc’s AuRORA drill hole JP25120 is collared 200 meters south of the PIL claim boundary (33.00 m of 0.22% Cu, 0.58 g/t Au, and 5.4 g/t Ag from 564.0 m*). 7
Slide 8: Geology
GEOLOGY Pillar Fault and Saunders Fault oriented NW-SE. These are multi-generational faults that accommodate significant displacement. East of the Pillar Fault are upper Hazelton Group Rocks with several small/narrow, low/high, sulphidation targets and potential to host deeper porphyry targets. Takl
Slide 9: Airborne Magnetic Survey
AIRBORNE MAGNETIC SURVEY 1,533 line-kilometers of airborne mag were completed across the PIL Property in 2025. The survey identified significant and multiple northwest-trending structures such as the Saunders and Pillar faults. Between these major northwest structures are dilational zones with coinc
Slide 10: Near Surface Chargeability & Copper in Soils
NEAR SURFACE CHARGEABILITY & COPPER IN SOILS 46 line-kilometers of IP were REEF: A 2,000 meter by 1,200 meter completed on the PIL Property in 2025. chargeability high and resistivity high anomaly that ranges between 200 m to 425 m below surface, located 500 to 2,000 meters northeast of the AuRORA d
Slide 11: Near Surface Chargeability & Gold in Soils
NEAR SURFACE CHARGEABILITY & GOLD IN SOILS COPPER RIDGE: The Copper Ridge target features a significant geochemical soil anomaly for copper, gold, molybdenum, and selenium, situated over the Black Lake intrusions. A 2025 IP survey identified a 340 m by 450 m chargeability anomaly, which is part of a
Slide 12: Copper & Gold in Soils
Kilometer-scale copper-in-soil anomalies with locally COPPER & GOLD IN SOILS coincident elevated gold and/or molybdenum, in addition to geophysical anomalies (mag and chargeability). COPPER GOLD The Copper Ridge Target is a 1.9 km x 1.3 km anomaly that has not been drill tested. The PIL South 2.5 km
Slide 13: Molybdenum & Silver in Soils
MOLYBDENUM & SILVER IN SOILS MOLYBDENUM SILVER 13
Slide 14: Copper & Gold in Rocks
COPPER & GOLD IN ROCKS COPPER GOLD 14
Slide 15: Molybdenum & Silver in Rocks
MOLYBDENUM & SILVER IN ROCKS MOLYBDENUM SILVER 15
Slide 16: SWIR & MPIx in Rocks
SWIR & MPIx IN ROCKS SWIR analyses and the MDRU Porphyry Index (MPIx)* was applied to the 2022 – 2024 rock dataset. MPIx SWIR MPIx = (Cu/10)+Mo+(10*W)+(20*Sn) (5*Sb)+(20*Tl)+Ag+As+Li * See appendix for source 16
Slide 17: 2023 ASTER Interpretation
2023 ASTER INTERPRETATION The ASTER analysis outlines porphyry anomalies at the Copper Ridge and Gold Target areas. MINERAL ANOMALIES INTERPRETATION 17
Slide 18: Reef & PIL South
REEF & PIL SOUTH PIL South hosts a large ~1,200 m x 600 m Cu- Au-Ag-Zn ± Mo ± Pb-in-soil anomaly in propylitcally and advanced argillic altered Takla Group basalt flows, which have been intruded by a small stock and dyke complex of sericite- pyrite altered feldspar-phyric monzonite of the Black Lake
Slide 19: Reef & PIL South IP Sections
REEF & PIL SOUTH IP SECTIONS REEF: A 2,000 meter by 1,200 meter chargeability high and resistivity high anomaly that ranges AuRORA Reef PIL South between 200 m to 425 m below surface, located 500 to 2,000 meters northeast of the AuRORA discovery. PIL South: the survey defined a 1,200 m by 2,300 m ch
Slide 20: 2024 PIL South Drilling
2024 PIL SOUTH DRILLING In 2024, the 2 holes were drilled at PIL South, totaling 1,759 m. The drillholes were designed to test favourable geology, and chargeability and resistivity anomalies deeper than past drilling. 880.7m Both holes intersected a high abundance of sulphide minerals throughout, wi
Slide 21: Gold Zone
GOLD ZONE The Gold target is on the eastern side of the Saunders Fault, and in a similar setting to that seen at AuRORA and Reef. The 2025 induced polarization (IP) survey identified a 900 m by 1,400 m chargeability-high and resistivity-low anomaly to the northwest and southeast. The IP anomaly corr
Slide 22: Copper Ridge
COPPER RIDGE Copper Ridge is a gossanous ridgeline with a 1.6 km NE-SW trending Cu-Au- Mo-Se-in-soil anomaly, situated on a complex of propylitically to advanced argillic altered monzonite, monzodiorite, diorite and syenite that are cut by K-feldspar-phyric andesitic Open dykes. Chargeability Anomal
Slide 23: Spruce North
SPRUCE NORTH Identified as a promising porphyry target based on mapping and F925623 (Talus): 9.01% Cu, 0.26 g/t sampling conducted in 2025. Au, 212.00 g/t Ag Photo on next slide. Previous work in the area revealed geochemical anomalies of copper, gold, molybdenum, and selenium. Recent mapping has un
Slide 24: Spruce North
SPRUCE NORTH F925623: 9.01% Cu, 0.26 g/t Au, 212.00 g/t Ag Rock sampling in 2022 and 2023 at Spruce returned high-grade samples of 3.65% Cu with 56 g/t Ag and 263 g/t Mo from outcrop and 9.01% Cu with 0.30 g/t Au and 212 g/t Ag in talus and 0.60% Cu with 976 ppm Mo and 28 g/t Ag in outcrop. See prev
Slide 25: Spruce South
SPRUCE SOUTH A’ Centered on an E-W trending, inferred faulted contact between the Black Lake Intrusive Suite and the Metsantan Member andesitic lava flow. Mapping in 2023 noted the presence of multiple generations of veining consisting of quartz, quartz-carbonate and quartz- carbonate-barite veins w
Slide 26: Zeus & Ben
ZEUS & BEN The Zeus Target is a newly discovered high sulphidation area of widespread copper-silver ± gold mineralization, located 1.5 km south of the Copper Ridge. ► First identified by a rock sample collected in 2022 which returned 3.44% Cu with 210 g/t Ag, and 1.13 g/t Au. ► This sampling has now
Slide 27: WG Gold
WG GOLD WG Gold is defined by a 750 m x 500 m Au-Ag ± Cu ± Mo ± Pb ± W ± Zn-in-soil anomaly. The mineralized outcrop and talus is altered to strong sericite-quartz-Fe oxide after oxidized pyrite. NE A bulk disseminated gold target associated with strong sericite-quartz-FeOx (pyrite) peripheral or sh
Slide 28: Northwest, Silver Ridge & Central
NORTHWEST, SILVER RIDGE & CENTRAL Drilling at Northwest intersected promising porphyry characteristics -intercepts of QSP alteration and quartz ± chalcopyrite ± molybdenite ± magnetite veining. Strong lithocap/low sulphidation/high sulphidation alteration in the Hazelton Group rocks next to the Bl
Slide 29: Atlas, Pillar East and Copper Cliff
ATLAS, PILLAR EAST AND COPPER CLIFF At Atlas and Pillar East, epithermal Au-Ag mineralization is hosted in the Metsantan Member of the Toodoggone Group (196 – 190 Ma). Porphyry-style Cu-Ag mineralization is associated with feldspar ± biotite porphyritic monzonite of the Black Lake Suite at the Coppe
Slide 30: Freeport Earn-In Agreement
FREEPORT EARN-IN AGREEMENT ► Finlay entered into an Earn-In Agreement with Freeport-McMoRan Canada Mineral Properties Inc. on the PIL Property in 2025. ► Freeport may acquire an 80% interest in the PIL Property by making aggregate cash payments of CAD $3.0M to Finlay and funding an aggregate of $25M
Slide 31: PIL Property Conclusions
PIL PROPERTY CONCLUSIONS ► Fully funded for the 2026 exploration season with the Freeport Earn-In Agreement. ► Strategically located within the Toodoggone District, which hosts several porphyry and epithermal deposits. ► Contiguous with Freeport and Amarc’s Joint Venture JOY Project, which hosts the
Slide 32: The Finlay Team
THE FINLAY TEAM ROBERT F. BROWN Executive Chairman of the Board and Director Retired Professional Engineer with over 40 years experience in the ILONA BARAKSO LINDSAY, B.Sc. mining industry. Former Vice President, Exploration for Great President, CEO and Director Panther Mining Ltd. and former geolog
Slide 33: Ilona B. Lindsay, Robert F. Brown
TSX-V: FYL | OTCQB: FYMNF AT OUR CORE: EXCEPTIONAL ASSETS + TECHNICAL EXCELLENCE = ROAD TO DISCOVERY ILONA B. LINDSAY ROBERT F. BROWN President, CEO and Director Executive Chairman of the Board and Director 778.384.5706 | iblindsay@finlayminerals.com 604.816.7043 | rbrown@finlayminerals.com 33
Slide 34: Appendix Slides
APPENDIX SLIDES PIL Property – WG Gold 34
Slide 35: Sources
SOURCES JOY Project AuRORA Discovery Drill Results: https://amarcresources.com/news-releases/amarc-and-freeport-continue-expanding-high-grade-aurora-copper-gold-silver-deposit-1/ Kemess South Past Production: https://www.sedarplus.ca/csa-party/records/document.html?id=5a7610f8fb1311bca6f2be70282047b
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