Canex Metals Inc · TSXV:CANX
Canex Metals — Investor Presentation (October 2026)
25 slides from Canex Metals's investor presentation, October 2026
Slide 1: Creating Value Through Discovery: Gold and Copper Focused
CANX:TSX Venture Exchange CREATING VALUE THROUGH DISCOVERY: GOLD AND COPPER FOCUSED Corporate Presentation October 2026 www.canexmetals.ca
Slide 2: Cautionary Statement
CANX:TSX Venture Exchange CAUTIONARY STATEMENT The information contained in this presentation is provided by CANEX Metals Inc. (“CANEX”, “CANEX Metals” or the “Company”) Certain Statutory Rights for Canadian Investors for informational purposes only and does not constitute an offer to issue or arran
Slide 3: Overview: CANEX Metals
CANX:TSX Venture Exchange OVERVIEW: CANEX METALS Positioned For Significant Growth • CANEX is focused on creating value for its shareholders by acquiring, exploring and developing projects cost efficiently at the bottom of the market and aggressively advancing and monetizing these assets in robust m
Slide 4: Share Structure
- CANX:TSX Venture Exchange SHARE STRUCTURE NOTABLE INVESTORS INCLUDE • Eric Fier, Founder of SilverCrest Metals (Sold Oct 2nd, 2026 to Coeur for C$2.4B) Issued and Outstanding Shares 272.8 M • Discovery Group, Principals behind Great Bear Resources (Sold to Kinross for +$4B and Stock Options 16.1 M
Slide 5: Experienced & Successful Management Team
CANX:TSX Venture Exchange EXPERIENCED & SUCCESSFUL MANAGEMENT TEAM From 2002 to 2008 our team, with Tyler Resources, discovered and subsequently sold a half billion tonne copper porphyry deposit in Mexico to Jinchuan Group for $214 million. From 2007 to 2011 our team, (formerly Northern Abitibi Mini
Slide 6: Gold Basin Mining District
CANX:TSX Venture Exchange GOLD BASIN MINING DISTRICT CANEX now controls the entire district • Widespread historic underground mining from the 1880’s with small scale open pit mining in the 1980’s • The district has never been consolidated and explored as one system – low risk high potential upside •
Slide 7: Gold Basin Project
CANX:TSX Venture Exchange GOLD BASIN PROJECT • Large land position: 5 split estate mineral titles, 2 patented claims, 546 lode mining claims (~14,000 acres) Great Development Candidate • Multiple drill defined mineralized zones across multiple trends • Premium grades: multiple holes with 1 to 2 g/t
Slide 8: Gold Basin Project – Historic Producers and Resource Consolidated for the First Time
CANX:TSX Venture Exchange GOLD BASIN PROJECT – HISTORIC PRODUCERS AND RESOURCE CONSOLIDATED FOR THE FIRST TIME • Brings together multiple large oxide gold zones along 8 km gold trend • Over 950 drill holes on the combined properties, significant potential for a meaningful near-term oxide gold resour
Slide 9: Unlocking Exploration Upside
CANX:TSX Venture Exchange UNLOCKING EXPLORATION UPSIDE • For the first time ever the full 8 km (and open) trend is open for systematic exploration • Multiple new mineralized targets identified that have never been drill tested • District scale structural and geologic controls recognized aiding in ta
Slide 10: Cyclopic Zone – Premium Open Pit Oxide Gold Deposit
CANX:TSX Venture Exchange CYCLOPIC ZONE – PREMIUM OPEN PIT OXIDE GOLD DEPOSIT • Large scale, 1.7km long • 100’s of drill holes into the deposit, most <100m deep, room to grow laterally and at depth 7.9 g/t Au over 6.1m 2.2 g/t Au over 13.7m 1.1 g/t Au over 12.2m 0.5 g/t Au over 39.6m • Flat zone wit
Slide 11: Stealth – Red Cloud Zone
CANX:TSX Venture Exchange STEALTH – RED CLOUD ZONE • Strong grades1 2.4 g/t Au over 42.7m 1.8 g/t Au over 57.9m 1.4 g/t Au over 53.3 m 1.0 g/ Au over 115.9m • Room to connect deposits and expand along strike • The land position over part of Red Cloud is still being confirmed Steep and flat quartz ve
Slide 12: Excelsior Zone
CANX:TSX Venture Exchange EXCELSIOR ZONE Excelsior • Strong grades, oxidized, and near surface • Excellent open pit geometry and expansion potential • Open along strike and Parallel zones identified • 1.0 g/t Au over 59.5m including 1.4 g/t over 32m 54 holes into zone • 1.6 g/t Au over 35.1m includi
Slide 13: WestGold Zone – Exploration Upside
CANX:TSX Venture Exchange WESTGOLD ZONE – EXPLORATION UPSIDE • Flat dipping zone daylights around top of large hill, ideal open pit target • Well constrained by mapping and sampling, discovery hole in 2023 returned 35m @ 0.7 g/t Au , zone remains open for drill testing WestGold Never been drill test
Slide 14: New Large Mineralized Targets – Exploration Upside
CANX:TSX Venture Exchange NEW LARGE MINERALIZED TARGETS – EXPLORATION UPSIDE • Ring Bear, Golden Chalice, West Chalice returned strong surface sampling results • Have never been drill tested Chip samples1 2.5 g/t Au over 13m 1.5 g/t Au over 10m 12.2 g/t Au over 2.7m 14.8 g/t Au over 1m • These targe
Slide 15: PLM – Fluorite Bearing Gold Zone – Exploration Upside
CANX:TSX Venture Exchange PLM – FLOURITE BEARING GOLD ZONE – EXPLORATION UPSIDE • Locally very strong grades PLM 6.5 g/t Au over 16.8m 2.9 g/t Au over 38.1m • Associated with fluorite- quartz mineralization and sericite-py alteration (good candidate for IP surveying to understand larger intrusive po
Slide 16: Attractive Valuation
ATTRACTIVE VALUATION Market Company Ticker Location Project Stage (MI+I ozs) Grade Cap ($M) Hycroft Mining HYMC Nevada Hycroft Resource 21.4 0.32 2000 Liberty Gold LGD.T Idaho Black Pine Resource 5.9 0.3 1160 Banyan Gold BYN.V Yukon Aurmac Resource 8.6 0.64 936 Dakota Gold DC.NYSE South Dakota Richm
Slide 17: Louise Cu-Au Project – BC Canada
CANX:TSX Venture Exchange LOUISE CU-AU PROJECT – BC CANADA • SIGNIFICANT HISTORIC RESOURCE: 0.92 million oz gold inferred plus 0.18 million oz gold indicated with 658 million lbs copper inferred plus 132 million lbs copper indicated • STRONG GRADES NEAR SURFACE: Historic intercepts including 158 met
Slide 18: Louise Project: Targeting Concept
LOUISE PROJECT: TARGETING CONCEPT • Porphyries are large deep rooted mineralized systems spatially associated with porphyritic intrusions • Louise contains a strong Cu-Au system potentially separated from the conceptual main body by the “Terminator Fault” • The big prize is not the known zone but th
Slide 19: Louise Project: Low Cost, High Impact Opportunity
CANX:TSX Venture Exchange LOUISE PROJECT: LOW COST, HIGH IMPACT OPPORTUNITY • CANEX commissioned an Alpha IPTM wireless time domain distributed induced polarization survey at Louise in May and June, 2025 (total program cost around $325,000) • Two new and previously untested targets have been identif
Slide 20: Louise Project: Low Cost, High Impact Opportunity
CANX:TSX Venture Exchange LOUISE PROJECT: LOW COST, HIGH IMPACT OPPORTUNITY • The Louise Deep Target has been identified immediately north and below the Louise deposit • The Louise deposit has been truncated at depth by the flat dipping Terminator Fault and finding the “deep roots” or “main body” of
Slide 21: CANEX: Next Steps
Historic open pit and underground CANEX: NEXT STEPS producer - Excelsior Multiple Paths to Value • Gold Basin Oxide Gold - Arizona - Large advanced oxide gold zones to expand Drill discovery at - New targets developing that have never been drill tested WestGold 2023 - Permitting – land consolidation
Slide 22: Appendix
CANX:TSX Venture Exchange APPENDIX CANEX Metals For More Information: Suite 1620, 734 – 7th Ave S.W. Dr. Shane Ebert P. Geo. Calgary, AB, T2P 3E8 President Ph. 403-233-2636 shane@canexmetals.ca www.canexmetals.ca Ph 250-649-9356
Slide 23: District Consolidation Advantages: Gold Basin
CANX:TSX Venture Exchange DISTRICT CONSOLIDATION ADVANTAGES: GOLD BASIN Long sections • Sections through the Cyclopic, Stealth, Gap, Red Cloud deposits show near term resource potential Stealth Cross Section • Good expansion potential along strike Gap Cross Section and to depth • Additional work is
Slide 24: Ring Bear – Large Undrilled Target
CANX:TSX Venture Exchange RING BEAR – LARGE UNDRILLED TARGET Ring Bear • Targe zone traced over a 300m by 450m area • Analogous to Cyclopic and WestGold, never been drill tested 2.5 g/t Au over 13m 24
Slide 25: New: Golden Chalice – Large Undrilled Target
CANX:TSX Venture Exchange NEW: GOLDEN CHALICE – LARGE UNDRILLED TARGET Golden • Targe zone traced over a 400m by 700m area Chalice • Same controls as adjacent WestGold • High grade veins with larger lower grade halos form bulk tonnage potential • Widespread mineralization on surface never been drill