Slide 1: Advancing a world-class Cu project in Namibia
INVESTMENT HIGHLIGHTS Advancing a world-class Cu project in Namibia Simple, scalable, nea r t erm . Low risk, low cost, long life. Investor Presentation Canaccord Las Vegas Conference / May 2026 Alan Friedman : Chairman
Slide 2: Investment Highlights – The World Class New Haib Cu/Mo Project
INVESTMENT HIGHLIGHTS – THE WORLD CLASS NEW HAIB Cu/Mo PROJECT 1. Excellent Pedigree: Formerly Rio Tinto and Teck owned, >120,000m of historical drilling and extensive metallurgical testwork. Updated PEA & technical studies completed in 2025 incl. +55,000m infill drill program underway. 2. Technical
Slide 3: A Proven Track Record of Success in Namibia
A PROVEN TRACK RECORD OF SUCCESS IN NAMIBIA ➢ Highly successful business partnership. Delivered significant shareholder value through multiple successful mining exits since 2011. ➢ Proven leadership & technical team with strong Namibian roots. ➢ Focus on core competence (identify, acquire, advance)
Slide 4: Accomplished Leadership & Technical Team
ACCOMPLISHED LEADERSHIP & TECHNICAL TEAM Executive Team Alan Friedman Tony Da Silva Heye Daun Chairman Chief Financial Officer President & CEO • Toronto-based public • Qualified Chartered • Namibian mining engineer markets entrepreneur with Accountant with + 20 and company builder with 25 years of e
Slide 5: Clean & Simple Share Structure with Strong Financial Backing
CLEAN & SIMPLE SHARE STRUCTURE WITH STRONG FINANCIAL BACKING CAPITAL STRUCTURE SHAREHOLDER OVERVIEW SIGNIFICANT SHAREHOLDERS Share Price (May 15, 2026) C$3.41 Institutions, Strategics, Ross Beaty 52-Week Trading Range C$0.85 – 3.90 & HNW Basic Shares Outstanding 120.33m (est.) 26% Options Outstandin
Slide 6: Namibia – A World-Class Mining Jurisdiction
NAMIBIA – A WORLD-CLASS MINING JURISDICTION STABLE & MINING FRIENDLY ▪ Stable democracy, independent judiciary, diverse economy ▪ Transparent system of mineral & surface title ▪ Strong political and social support of mining with stated ambitions to develop mineral resources EXCELLENT INFRASTRUCTURE
Slide 7: Namibia – Tectono-Stratigraphic Setting
NAMIBIA – TECTONO-STRATIGRAPHIC SETTING ➢ Haib is a large, world-class, advanced open-pit Cu/Mo porphyry deposit with a long history of exploration & project development ➢ One of a few Paleoproterozoic porphyry copper deposit in the world (two in Namibia). Excellent pedigree (Falconbridge, Rio Tinto
Slide 8: Haib Copper Project: Aerial View Looking East
HAIB COPPER PROJECT: AERIAL VIEW LOOKING EAST Approximate Future Open Pit Outline TSXV:KRY 8
Slide 9: Haib Mineral Resource Estimate (March 2026)
HAIB MINERAL RESOURCE ESTIMATE (MARCH 2026) CuEq Mo Mo Tonnes Cu Grade Mo Grade Au Grade Cu Content Cu Content Au Content Category Type Grade Content Content (Mt) (%) (ppm) (g/t) (%) (Mlbs) (Mlbs) (kt) (kt) (koz) Total High Grade (>0.25% Cu) 389 0.36 69 0.02 0.40 3,106 59.3 1,409 26.9 272 Indicated
Slide 10: Ideal Infrastructure Location and Site Layout
IDEAL INFRASTRUCTURE LOCATION AND SITE LAYOUT Grid Power Existing Grid power close to site (to be upgraded) • Application for NamPower to conduct a capacity assessment to connect to the 220kV line 45km from the plant site • 150MW power demand sufficient grid power available from SA grid via Namibia
Slide 11: Koryx Technical Strategy: Deliver Haib as a World Class Project
KORYX TECHNICAL STRATEGY: DELIVER HAIB AS A WORLD CLASS Cu/Mo/Au PROJECT 1. Right-size & Optimize: ➢ Complete met testwork, demonstrate techno-economic feasibility of conventional sulfide flotation process ➢ Investigate viable, novel processing techniques to enhance process flowsheet ➢ MRE Update (Q
Slide 12: Indicative Development Schedule
INDICATIVE DEVELOPMENT SCHEDULE ➢ C$35m work program aiming to increase MRE grade and size, optimize & right size & demonstrate the techno-economic feasibility of a 100ktpa open pit copper mine ➢ Aiming to deliver a permitted, de-risked PFS project, with financing, DFS & implementation to commence i
Slide 13: Haib Schematic Site Layout and Mineral Resource Estimate
HAIB MINERAL SCHEMATIC RESOURCE SITE LAYOUT ESTIMATE (CLAUDE AI-GENERATED) Tonnes Cu Grade Cu Content Cu Content August 2024 MRE at 0,25% cut-off grade Category (Mt) (%) (Mlbs) (kt) Indicated 414 0.35 3,216 1,459 Inferred 345 0.33 2,503 1,136 HAIB PROJECT NW-SE Longitudinal Section Looking Image Cre
Slide 14: Responsible Mining
RESPONSIBLE MINING Developing a sustainability plan and implementation roadmap That is materiality-driven and considers compliance, risk, stakeholder and investor expectations, best practices and business strategy Sustainability • Develop responsible mining implementation roadmap • Define Koryx's re
Slide 15: Share of Fiscal Revenues
SHARE OF FISCAL REVENUES ➢ Under the current mining fiscal regime Namibia captures ~67% of revenues ➢ ~20% of overall returns accrue to the capital providers (investors) ➢ The remaining ~13% of revenues is consumed by foreign operating and capital costs to develop & run the mine Revenue Breakdown pe
Slide 16: Koryx Valuation Benchmarking – P/NAV
KORYX VALUATION BENCHMARKING – P / NAV Copper Developers Junior Copper Producers Intermediate Copper Producers 1.50x 1.37x 1.27x 1.37x 1.19x 0.95x 0.87x 0.77x 0.85x 0.71x 0.61x 0.47x Developers Median: 0.42x 0.46x 0.39x 0.44x 0.45x 0.32x 0.38x 0.28x 0.31x 0.22x 0.27x 0.12x 0.06x 0.11x (ratio) Gunnis
Slide 17: Investment Highlights – The New Koryx
INVESTMENT HIGHLIGHTS – THE NEW KORYX PEA-stage copper exploration and development company focused on advancing its 100% owned, advanced-stage Haib Copper Project in Namibia, whilst also building a portfolio of copper exploration licenses in Zambia. ➢ Highly Capable Team Multi-exit track record in c
Slide 18: Thank You
RECENT PRE-MINING INDABA 2025 SITE VISIT WITH INVESTORS & ANALYSTS THANK YOU TSXV:KRY 19 Picture taken during February 2025 Investor Site Visit
Slide 19: Peer Group Benchmarking
PEER GROUP BENCH MARKING TSXV:KRY 20
Slide 20: Haib Benchmarking – Capital Intensity
HAIB BENCHMARKING – CAPITAL INTENSITY (MAJOR AND NON-MAJOR CONTROLLED PROJECTS) LOM CAPITAL INTENSITY (US$/ktpa Cu) Technical Report >3 Years 45,000 Connection to a Major 40,000 35,000 30,000 (US$/ktpa Cu) 25,000 20,000 $17,702 15,000 10,000 5,000 - Copper Creek Vizcachitas El Arco MOD Taca Taca Jos
Slide 21: Haib Benchmarking – Positioning on Industry Copper Cost Curve
HAIB BENCHMARKING – POSITIONING ON INDUSTRY COPPER COST CURVE $6.00 $5.00 $4.00 Haib AISC AISC (US$/lb Cu) $3.00 (first 10 years): US$2.02/lb $2.00 $1.00 -- 25% - 50% - 75% - - - - ($1.00) ($2.00) Paid Copper (mm lbs Cu) Source: Wood Mackenzie 2026E Copper Cost Curve Note: Cost curve shown on a by-p
Slide 22: Appendix
APPENDIX KORYX COPPER
Slide 23: Board of Directors
BOARD OF DIRECTORS Heye Daun is a successful Alan Friedman (BCom, Charles Loots is a Alfredo Luis Riviere Cristina Lara has been Tarik El Hanch has been mining entrepreneur who BProc) is a South African Namibian resident with 24 Rodriguez has over 28 years’ serving as Director for serving as Directo
Slide 24: Haib Mineral Resource Update Comparison
HAIB MINERAL RESOURCE UPDATE COMPARISON 25 March 2026 MRE 01 Sep 2025 MRE Variance (%) Grade Comparison Cut-Off CuEq Cu Mo Au Cu CuEq • 18% and 23% CuEq% grade increase to 0.40% Material Type Tonnes Tonnes 1 Tonnes Grade Grade1 Grade Grade Grade Grade Grade1 and 0.39% CuEq% in the high grade Indicat
Slide 25: Haib Regional Exploration Potential
HAIB REGIONAL EXPLORATION POTENTIAL Regional Targets Satellite imagery and hyperspectral data with various historical regional datasets, including stream sediment & soil geochem • Extensive historical regional (point data) and IP gridded data (larger area and single lines) exploration, particularly
Slide 26: Process Flow Sheet Development
PROCESS FLOW SHEET DEVELOPMENT DRA’s advanced pre-tax cash flow model was used to compare multiple options & trade-off analyses to optimise the envisaged processing flowsheet TSXV:KRY 27
Slide 27: Zambia Copper Belt Strategy
ZAMBIA COPPER BELT STRATEGY ➢ 2 large licences under Earn-in JV, 51% ownership ➢ Luanshya West (54km2) o Previous work includes soil geochemistry, ground geophysics (IP/Res) and regional magnetics interpretation o Detailed airborne mag survey & add. geochem completed ➢ Mpongwe (691km2) o Initial reg
Slide 28: Conceptual Processing Plant & Site Layout
CONCEPTUAL PROCESSING PLANT & SITE LAYOUT TSXV:KRY 29
Slide 29: Conceptual Process Flowsheet (Milling/Flotation & Heap Leach)
CONCEPTUAL PROCESS FLOWSHEET (MILLING/FLOTATION & HEAP LEACH) Milling & Classification ➢ Low-risk metallurgical process of ROM Ore crush/mill/flotation of the higher grade Crushing & Screening CPF in material producing a clean Cu/Mo/Au CGR Duty concentrate ➢ Additional Cu cathode production (~12% of
Slide 30: Forward Looking Statements & Disclaimer
FORWARD LOOKING STATEMENTS & DISCLAIMER This document has been prepared by Koryx Copper Inc. (“Koryx Copper” or the “Company”) solely for the use in the presentation being given in connection with the recipient’s evaluation of the Company which is defined and outlined further herein. This documentat