Slide 1: Optimization Exploration Expansion
September 2026 TSX-V: LUCA | OTCQX: LUCMF | FRANKFURT: Z68 | L U C A LMUI CNAI MN IGN .I C NGO .MC O M 1 Optimization Exploration Expansion
Slide 2: Forward Looking Statements
LUCAMINING.COM 2 believes that the expectations reflected in Forward-Looking Information in this whether as a result of new information, future events or otherwise, unless required FORWARD LOOKING STATEMENTS Corporate Presentation are reasonable but there can be no assurance that Forward- Looking In
Slide 3: Additional Forward Looking Statements
LUCAMINING.COM 3 availability of equipment; the accuracy of mineral resource estimates, and of any Additional FORWARD LOOKING STATEMENTS metallurgical testing completed to date; the costs and expenditures to complete the Company's programs and goals; the speculative nature of mineral exploration and
Slide 4: Mexico mining experts
LUCAMINING.COM 4 Mexico mining experts Some of the largest mining companies in the world Mining in Mexico surround us in Mexico We know Mexico - and our experienced management team TAHUEHUETO and our knowledge of the Mexican mining landscape give us a competitive EL BARQUEÑO advantage CAMPO MORADO 4
Slide 5: Deep discount to historical investment by Agnico Eagle
LUCAMINING.COM 5 Deep discount to historical investment by agnico eagle Consideration Structure $10M Upfront Consideration Paid in shares upon close of the transaction $30M Deferred Consideration Payable in cash or shares at Luca’s election ▪ $15M payable 3 months after first drill program ▪ $15M pa
Slide 6: Project overview
LUCAMINING.COM 6 Project overview TIER-1 LOCATION WITHIN MEXICO'S PREMIER EPITHERMAL BELT Location – State of Jalisco ▪ 100 km west of Guadalajara ▪ Road access from both Guadalajara and Puerto Vallarta, both with international airports ▪ Straightforward access to major powerlines, highways, and por
Slide 7: Historic Resources
LUCAMINING.COM 7 Historic Resources Agnico contemplated an open pit project, however higher-grade subsections within the historical resource point to a potential underground scenario A Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as curr
Slide 8: Exploration Potential
LUCAMINING.COM 8 Exploration Potential STRONG POTENTIAL TO ADD OUNCES AT SEVERAL ZONES ACROSS THE PROJECT EXPLORATION PIPELINE | TARGET TO RESOURCE(1)(2) Section A-A’ INDICATED RESOURCE | 399 Koz @ 1.47 g/t AuEq Azteca-Zapoteca - Peña de Oro 250m INFERRED RESOURCE | 650 Koz @ 1.43 g/t AuEq Azteca-Za
Slide 9: POETR Resolution Strategy
LUCAMINING.COM 9 POETR Resolution Strategy A clear pathway to securing exploration rights at El Barqueño POETR Current Status The El Barqueño property is not currently permitted for Agnico Mexico has initiated a direct amparo proceeding before exploration drilling due to the existence of the Jalisco
Slide 10: The Luca Story
LUCAMINING.COM 10 The Luca Story TAHUEHUETO 2 Fully permitted operating mines in DEVELOPMENT PIPELINE Enhanced Re-rate Potential Recently announced acquisition of El Barqueño brings development CASH FLOW GENERATION $24.7M cash position at Q2/26 Generated $13.9M operating cash flow in Q2 2026, fundin
Slide 11: Financial turnaround
LUCAMINING.COM 11 Financial turnaround Debt materially reduced and liquidity rebuilt to support growth Debt Reduction Liquidity Improvement Balance Sheet Reset From $31M to ~$0.7M ⇧ Cash increased to ~$25M ✓ Net cash position achieved $40 $350 $35 $300 What This Enables $30 Cash & Debt (US$M) $250 M
Slide 12: Three-year Exploration Program
LUCAMINING.COM 12 Three-year Exploration Program to Unlock Gold Potential at CAMPO MORADO & TAHUEHUETO US$25M Budget 38 Priority Targets at Supports 80,000 metres of Campo Morado surface and underground drilling Coincident gravity geophysical and soil Exploration is fully- at Campo Morado and anomal
Slide 13: What this Means
LUCAMINING.COM 13 What this Means Our mines are permitted, Strong portfolio with Luca is heading towards re-ranking in production and exploration, development, as a mid-tier producer generating cash flow – and optimization upside at our foundation on which to each of our mines and the El grow Barque
Slide 14: Skills we bring to de-risk M&A
LUCAMINING.COM 14 Skills we bring to de-risk M&A To grow as a premier Mexico focused mining company Financial Operations Luca has the expertise to restructure Luca has turned around Campo Morado, and recapitalize on accretive terms increasing throughput to 2,000tpd, achieved All opportunities are ✓
Slide 15: Campo Morado
LUCAMINING.COM 15 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 16.6 Mt M&I 700 Koz M&I 1.2 Blbs M&I 0.2 Blbs M&I 62 Moz M&I 0.3 Blbs M&I CAMPO Location Guerrero State 121 sq km Processing 2,400 tpd throughput capacity (crushing, milling, flotation) MORADO Ownership 100% 2025A Production Achieved Revised
Slide 16: Redefining Campo Morado
LU LUCC AMAM I NI N I NI N GG. C. C OOMM 1616 Redefining campo morado Transitioning from zinc-focused operations to a higher-margin precious metals platform 1 Initial design (2009) 2 Current design 3 CME Phase 1 4 CME Phase 2 • High-grade zinc mine utilizing sequential • Sequential flotation and 15
Slide 17: Recent drilling success
LUCAMINING.COM 17 Recent drilling success Un-mined Deposits Higher Precious Metals Grades First drilling in >10 years July 7, 2025: First Surface Drill Result at Reforma 15.1 metres of 13.4 g/t AuEq (5.35 g/t Au, 187.48 g/t Ag, 0.31% Cu, 8.39% Zn, 2.75% Pb) Aug 27, 2025: Additional Drill Results at
Slide 18: Reforma – The future of Campo Morado
LUCAMINING.COM 18 Reforma – The future of campo morado • Current Mining Areas: Southwest, G9 Zones, El Largo • Large stopes 40m wide, productive, low-cost mining • Current mining cost: $41/t • Starting in 2028: Reforma and El Rey Zones will be primary source of ore feed • More efficient mining metho
Slide 19: Exploration upside at Campo Morado
L U CC A AMM II N N II NN GG .. CC OOM M 19 12 Main Declines, Development exploration upside G9, Naranjo and Largo Ore Bodies at Campo morado • Well-defined, drilled and developed ore bodies • Expand gold and silver-rich Mineral Resources • 38 exploration targets • >12,000-hectare mining concession
Slide 20: Tahuehueto
LUCAMINING.COM 20 GLOBAL M&I GOLD ZINC COPPER SILVER LEAD 6.3 Mt M&I 425 Koz M&I 273 Mlbs M&I 36 Mlbs M&I 9 Moz M&I 123 Mlbs M&I Tahuehueto Location Durango State 100 sq km Processing 1,200 tpd throughput capacity (crushing, milling, flotation) Ownership 100% 2025A Full Year Achieved Revised Guidanc
Slide 21: Tahuehueto
LUCAMINING.COM 21 District Scale Potential – 100 km2 – Tahuehueto 18 Veins Mapped on LEVEL 12 & 14 PORTALS Property LEVEL 20 PORTAL CRUSHING CIRCUIT MINE CAMP PROCESS PLANT THROUGHPUT (tpd) 1,200 1,000 800 600 400 200 - 21 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26
Slide 22: Transformative exploration potential at Tahuehueto
LUCAMINING.COM 22 Transformative exploration potential at tahuehueto CONNECTING CRESTON/EL PERDIDO TO SANTIAGO Drilling is underway to investigate the highly prospective gap between El Perdido and Santiago with two active rigs Zones are open along strike and to depth EARLY RESULTS CONFIRM GROWTH POT
Slide 23: Luca corporate stats
LUCAMINING.COM 23 Luca corporate stats PRICE CHART One Year LUCA LUCMF Z68 TSXV OTCQX Frankfurt Shares Outstanding 276 million Fully Diluted 295 million Market Cap C$300 million (C$1.09/share) (Sept 16, 2026) 52 Week C$2.16 high ANALYSTS C$0.80 low ATB Capital Buy C$2.00 Cash U$24.7 million SHAREHOL
Slide 24: A strong Board of directors
LUCAMINING.COM 24 A strong Board of directors Mine builders | Opportunity driven Phil Brumit DIRECTOR Peter Damouni CHAIRMAN, DIRECTOR Mr. Brumit is a mining executive with over 40 years of experience in Over 20 years of corporate and investment banking experience with a property evaluation, enginee
Slide 25: A strong Management Team
LUCAMINING.COM 25 A strong MANAGEMENT TEAM Effective Execution Dan Barnholden, CEO Dan Barnholden is a seasoned professional with over 20 years of experience in senior mining investment banking roles at bank-owned and boutique dealers in Toronto and Vancouver . He has raised Nick Shakesby, COO billi
Slide 26: What's next
LUCAMINING.COM 26 What’s next We see a near-term With significant And longer term valuation re-rating additional upside growth ahead The Campo Morado Production upside at both mines M&A growth copper/zinc/gold/silver mine has Targeting doubling production in the Targeting mid-tier ranking with under
Slide 27: Thank You
LUCAMINING.COM 27 Thank You LUCAMINING.COM TSX-V: LUCA OTCQX: LUCMF FRANKFURT: Z68
Slide 28: Appendix
LUCAMINING.COM 28 APPENDIX 28
Slide 29: Campo Morado Resources
LUCAMINING.COM 29 Campo Morado Resources RESOURCES (NI 43-101 Compliant, March 2018) 29
Slide 30: Tahuehueto resources
LUCAMINING.COM 30 Tahuehueto resources RESERVES & RESOURCES (NI 43-101 Compliant, April 2022) 30