Corcel Exploration, Inc. · CSE:CRCL
Corcel Exploration — Investor Presentation (May 2026)
21 slides from Corcel Exploration's investor presentation, May 2026
Slide 1: Unlocking Critical & Precious Metals in Arizona
CORPORATE PRESENTATION UNLOCKING CRITICAL & PRECIOUS METALS IN ARIZONA MAY 2026 CSE: CRCL | OTCQB: CRLEF corcelexploration.com 1
Slide 2: Disclaimer & Forward-Looking Statements
CAUTIONARY STATEMENTS Disclaimer & Forward-Looking Statements Disclaimer THIS PRESENTATION IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF CORCEL EXPLORATION INC. (THE “COMPANY” OR “CORCEL”). No securities commission or other regulatory authority in Canada or any other co
Slide 3: Management & Directors
LEADERSHIP Management & Directors Jon Ward Grant Tanaka CEO & Director CFO Finance and investor relations professional with experience in mining and business services 15+ years financial leadership in mining • CFO of Vizsla Copper & Vizsla Royalties • Former: • Head of Investor Relations and Corpora
Slide 4: Strategic Backing & Technical Expertise
PARTNERS & ADVISORS Strategic Backing & Technical Expertise Inventa Capital Vancouver-based investment group incubating natural resource companies Partner Firm Platform: mentorship, corporate services, financing & market support Notable portfolio: Vizsla Silver, Vizsla Copper, Vizsla Royalties, COSA
Slide 5: Yuma King Property Overview
PROJECT OVERVIEW Yuma King Property Overview Ellsworth Mining District, West-Central Arizona 3,200 ha 515 ~US$4.5M 150 km District-Scale Land Position Unpatented BLM Mining Claims Prior Exploration Spent Northwest of Phoenix Strategic Location: Historic Ellsworth Mining District, ~150 km NW of Phoen
Slide 6: Why Invest in Copper & Gold?
MARKET FUNDAMENTALS Why Invest in Copper & Gold? Copper – Foundation of the Energy Transition • Electrification, AI & grid expansion driving sustained demand growth • Classified as a strategic and critical metal by U.S. & Canadian governments • Global supply deficit looming due to underinvestment in
Slide 7: Merrill Palmer – Notable Discoveries & Property Lessor
PROPERTY LEASE Merrill Palmer – Notable Discoveries & Property Lessor MERRILL PALMER ▪ Experienced prospector with key discoveries in Alaska and the western U.S. ▪ Known for uncovering valuable mineral deposits, particularly in copper, zinc, and precious metals KEY DISCOVERIES ▪ Palmer Project, Alas
Slide 8: Positioned for Growth
INVESTMENT THESIS Positioned for Growth Advanced-Stage Project Porphyry Copper-Gold System Located in the historic Ellsworth Mining District with the past-producing Yuma King Geological, geochemical, geophysical and drilling data collectively support a buried Mine. Over US$4.5M in prior exploration
Slide 9: Yuma King – Mineralization Overview
GEOLOGY & MINERALIZATION Yuma King – Mineralization Overview Map View – Geology, Drill Holes & Au-in-Soils Skarn / Replacement Cu-Au A • Primary mineralization style at the Yuma King Mine 600 m Jurassic cover rocks • Historical oxide Cu resource: ~358k–537k tons at 3.03% Cu¹ • 1.6 km of Cu-Au skarn
Slide 10: Yuma King – Legacy Drill Results
HISTORICAL DRILLING Yuma King – Legacy Drill Results 21 holes • 3,904 m • Mineralization open along strike and at depth Hole Year From (m) Int. (m) Cu% Au g/t Ag g/t Long Section – Cu-Au Skarn (Looking NW, 1.6 km Strike) YK01-A 2006 4.6 45.4 0.78 0.53 6.3 YK01-B 2006 5.2 36.9 0.62 0.53 3.8 YK01-C 20
Slide 11: Yuma King – Legacy Drilling
HISTORICAL DRILLING Yuma King – LEGACY DRILLING Drilling Success Favorable Host Rocks • Up-dip drilling success: Holes YK01-A to YK01-D intercepted • Mineralization occurs in dolomite, dolomite skarn, and mineralization above the historical Yuma King mine marble skarn, cut by Cu-Au-Mo mineralized Ju
Slide 12: Phase 1 Drill Program — Underway
2026 EXPLORATION UPDATE Phase 1 Drill Program — UNDERWAY Feb 24, 2026 BLM Reclamation Bond Approved Authorized to begin site preparations and drilling at Yuma King. Feb 24, 2026 IP Survey Commenced 10 line-km 2D pole-dipole IP survey over Yuma King West and Yuma King Mine targets. Mar 25, 2026 Drill
Slide 13: New Targets Identified – District-Scale Potential
IP SURVEY RESULTS – APRIL 2026 New Targets Identified – District-Scale Potential YK North Skarn — New Target • Resistivity inversion defines a new skarn target largely hidden by cover rocks • Conductive zone mirrors the setting of existing Yuma King Mine mineralization on the opposite side of the po
Slide 14: New Targets Identified – District-Scale Potential
IP SURVEY RESULTS – APRIL 2026 New Targets Identified – District-Scale Potential Three Musketeers: Near-surface resistive zones Yuma King West — Strong Chargeability Anomalies • Correlates with magnetite-destructive alteration and prospective skarn- • Conductive anomalies approach surface in the sou
Slide 15: High-Grade Surface Sampling Results
SURFACE GEOCHEMISTRY High-Grade Surface Sampling Results 17.15 g/t Au 11.60% Cu 2,263 1.2 km Peak Gold in Rock Chips Peak Copper in Rock Chips Soil Samples Collected Cu-Au-Mo Soil Anomaly Strike First systematic property-scale survey over 20 km²: 2,263 soil samples (50×50 m near mine; 100×100 m regi
Slide 16: Tungsten & Graphite – U.S. Critical Minerals
CRITICAL MINERALS POTENTIAL Tungsten & Graphite – U.S. Critical Minerals TUNGSTEN GRAPHITE & GRAPHENE • Up to 150 m thick carbonaceous mudstone unit intersected in • High-grade up to 19.15% WO₃ from historic underground mines drilling (2011–2016) in the Three Musketeers district • 25 m zone with hig
Slide 17: Active Exploration – Multiple Catalysts Ahead
2026 WORK PROGRAM Active Exploration – Multiple Catalysts Ahead COMPLETE ✓ BLM Permit & Bond • Reclamation bond accepted by U.S. BLM (Feb 2026) • Full authorization to drill and conduct surface work COMPLETE ✓ IP Geophysical Survey • 10 line-km 2D pole-dipole IP survey completed • New YK North Skarn
Slide 18: Company Statistics
CAPITAL STRUCTURE Company Statistics Shares Outstanding Warrants 58.99M 15.96M Options Fully Diluted Shares 5.69M 80.64M Share Price (C$) Market Cap (C$) $0.16 ~$9.44M Share structure and price as of April 30, 2026. Market cap figures are approximate. 17
Slide 19: Why Own Corcel?
INVESTMENT SUMMARY Why Own Corcel? Supportive Market & Government Execution Momentum & Expert 01 District-Scale Cu-Au-Mo Potential 02 Fundamentals 03 Backing • Advanced-stage project in the • Phase 1 drill program • Copper demand set to double historic Ellsworth Mining UNDERWAY (March 2026) – by 205
Slide 20: Technical References & Disclosures
REFERENCES Technical References & Disclosures 1. NI 43-101 Technical Exploration Report, Yuma King Copper Project, La Paz County, Arizona, USA; Prepared for CuQuest Resources, Inc. (Dr. Jan C. Rasmussen, December 1, 2024). 2. Constantine Metal Resources Ltd. press release dated February 14, 2022. Le
Slide 21: Corcel Exploration Inc.
CONTACT US Corcel Exploration Inc. CSE: CRCL | OTCQB: CRLEF HEAD OFFICE CEO / ENQUIRIES 1723 – 595 W. Burrard St. Jon Ward Vancouver, BC, V7X 1J1 info@corcelexploration.com TELEPHONE WEBSITE +1-604-355-0303 corcelexploration.com SEDAR+: sedarplus.ca | Technical disclosure reviewed by Roy Greig Ph.D.
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