Slide 1: Ecuador's Favorite Explorer: El Domo Pathway to Cashflow in 2026
ECUADOR’S FAVORITE EXPLORER El DOMO: PATHWAY TO CASHFLOW IN 2026 Q1 PDAC - 2024 PROVEN TRACK RECORD LOCAL KNOWLEDGE + EXPERTISE NEW PORPHYRY AND VMS POTENTIAL COST EFFECTIVE NEW DISCOVERIES
Slide 2: Disclaimer
DISCLAIMER FORWARD - LOOKING INFORMATION SCIENTIFIC AND TECHNICAL This presenta�on contains “forward-looking informa�on” within the meaning of applicable Canadian securi�es laws. Forward-looking informa�on is based on the beliefs, expecta�ons and opinions of the management as of the date the stateme
Slide 3: Ecuador is the new frontier for spectacular deposit discoveries
Slide 01 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER 45% OF PRIMARY COPPER SUPPLY* IS FROM CHILE AND PERU ECUADOR IS THE NEW FRONTIER FOR SPECTACULAR DEPOSIT DISCOVERIES SIGNIFICANT DISCOVERIES IN ECUADOR 2013 Cascabel 2.6 Bt @ 0.53% CuEq. COLOMBIA 1985 Llurimagua VMS / Porphyry 982 Mt @ 0.89
Slide 4: Board and Management: 40 Years In-Country
Slide 02 ECUADOR’S FAVORITE EXPLORER BOARD AND MANAGEMENT 40 YEARS IN-COUNTRY UNIQUELY WELL-PLACED TO MAKE AND MANAGE THE NEXT MINERAL DEPOSIT DISCOVERY MANAGEMENT BOARD Fredy E. Salazar Francisco Soria Carlos Aguila Pablo Acosta Mary Gilzean President and CEO Exploration Manager Senior Geologist CF
Slide 5: Sustainable Agenda Aimed at Strategic Sectors
Slide 03 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER SUSTAINABLE AGENDA AIMED AT STRATEGIC SECTORS MINING SECTOR INCENTIVES ILLEGAL MINING REWARDS CONTROL GOVERNMENT PLAN PROPOSAL This Mul�-Annual Work Plan OPENING OF THE ENVIRONMENT COMMUNITY highlights the importance of CADASTER RESPONSABIL
Slide 6: Nascent Ecuadorian Mining Industry
Slide 04 ECUADOR’S FAVORITE EXPLORER NASCENT ECUADORIAN MINING INDUSTRY: FRUTA DEL NORTE (480,000 Ozpa Au), MIRADOR (100,000 tpa Cu) STARTED IN 2019 EXPECTED INVESTMENT: EL DOMO (23,000 tpa Cu Eq.) ON TRACK FOR FIRST PRODUCTION IN 2026 4 PROJECTS 3,099.13 3.0 M 2,775.03 $1.6 B 2.5 M Construc�on of 2
Slide 7: 2024 – Multiple Catalysts Across Portfolio
Slide SLIDE05 5 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER A ECUADORIAN EXPLORERS’ COMPANY 2024 – MULTIPLE CATALYSTS ACROSS PORTFOLIO 100% SALAZAR RESOURCES CARRIED INTERESTS El Domo EL POTRO (Porphyry) Construction MACARA (VMS) expected H2 2024 Discovery Potential 20% Carried interrest New
Slide 8: El Domo: Advancing to Development
Slide 06 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER EL DOMO: ADVANCING TO DEVELOPMENT HIGH GRADE DEPOSIT DISCOVERED AT SURFACE BY SALAZAR RESOURCES FARMED OUT 75% TO ADVENTUS MINING, CARRIED TO PRODUCTION 6 EXPLORATION AND AGREEMENT WITH FINANCING CONSTRUCTION AND COMMERCIAL RESOURCE DEFINIT
Slide 9: El Domo Is a Valuable Financial Asset for SRL
Slide 07 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER EL DOMO IS A VALUABLE FINANCIAL ASSET FOR SRL STRONG FUTURE CASH FLOWS FROM 25% SHARE 17% 3% 23,000 20,000 5,000 13% Net TPA CU TPA CU TPA CU Stream EQ.* EQ. EQ. 75 NET METAL TO ATTRIBUTABLE FROM Au (50% - 18%) AND Ag (75% - 18%) 2026 WHEAT
Slide 10: SRL 25% El Domo Stake Deeply Discounted
Slide 08 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER SRL 25% EL DOMO STAKE DEEPLY DISCOUNTED RE-RATE LIKELY WHEN PERMITS ARE GRANTED FRESH 100% DISCOVERY TO REDEFINE COMPANY HIGH VALUE PRE-DISCOVERY DISCOVERY STUDY PHASE BUILD OPERATION “I fully intend to find another deposit in Ecuador, and i
Slide 11: Working Toward 2030 SDGs
Slide 09 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER WORKING TOWARD 2030 SDGs U.N. SUSTAINABLE DEVELOPMENT GOALS ARE INTEGRAL TO OUR WORK Projects for the economic and social Projects to strengthen family skills, Technical assistance and processes to inclusion of the popula�on in social cohes
Slide 12: The Ecuadorian Mining Company
Slide 10 SLIDE 12 ECUADOR’S FAVORITE EXPLORER THE ECUADORIAN MINING COMPANY DECADES OF SUCCESSFUL CSR ENABLES WORK IN MANY “NON-MINING” AREAS NATIVE C-SUITE ENSURES CONSTANT ENGAGEMENT WITH AUTHORITIES Local National, Provincial, Community Local Government “As someone who was born and raised in the
Slide 13: Carefully Chosen Project Portfolio
Slide 11 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER CAREFULLY CHOSEN PROJECT PORTFOLIO MACARA, EL POTRO: POTENTIAL CATALYSTS FOR DE -COUPLING - 1 CURIPAMBA (25% fully carried) - EL DOMO VMS Deposit 10 Mt @ 5% CuEq. On track to construc�on SANTIAGO (20% carried to construction decision) 5 _ ^
Slide 14: El Potro: New Porphyry Identified
Slide 12 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER EL POTRO: NEW PORPHYRY IDENTIFIED LARGE MINERALIZED SYSTEM, 40 KM NORTH OF RIO BLANCO, PERU Wayra Osos Negros Licence details: ›1,200 ha. ›Community liaison underway. ›All permits ready to drill. _ ^ Quito Pacific Ocean El Domo ") Guayaquil
Slide 15: El Potro Project
Slide 13 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER EL POTRO PROJECT PORPHYRY COPPER-MOLY AND EPITHERMAL SYSTEM Works: WAYRA EPITHERMAL SYSTEM › Geological Mapping Au - Ag N › Geochemistry Interpreta�on MUESTRA ANCHO(m) Au (g/t) Ag (g/t) Cu (ppm) Mo (ppm) 801757 0.1 92.07 93.1 151.8 2 › Mine
Slide 16: El Potro: Wayra Epithermal System
Slide 14 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER EL POTRO: NEW PORPHYRY IDENTIFIED PORPHYRY COPPER-MOLY AND EPITHERMAL SYSTEM OSOS NEGROS PORPHYRY WAYRA EPITHERMAL SYSTEM Salazar Resources Announces Extensive Gold Mineralisa�on in the El Potro Lithocap, Loja, Ecuador. (2021 11 30) see new
Slide 17: Macara Project: VMS Polymetallic System
Slide 15 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER MACARA PROJECT: VMS POLYMETALLIC SYSTEM, 90km NE of the VMS Tambo Grande deposit. Licence details: ›1807 ha. ›Located in the Loja province. ›Permi�ng for drilling in process _ ^ Quito Pacific Ocean El Domo ") Guayaquil Pijilí Located in Loj
Slide 18: Macara Project: VMS System, Hydrothermal Breccias
Slide 16 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER MACARA PROJECT: VMS SYSTEM, HIDROTHERMAL BRECCIAS + STOCKWORK HOSTED IN PILLOW LAVAS. MUESTRA 50461 Au (g/t) 29.60 Ag (g/t) 512.00 Cu (PPM) 132 VMS Samples: BR-016 22.56 169.90 79 BR-012 14.12 310.10 93 BR-014 11.12 160.90 252 52126 10.50 1
Slide 19: Macara Project: Magnetic and Gravimetric Geophysic Survey
Slide 17 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER MACARA PROJECT: MAGNETIC AND GRAVIMETRIC GEOPHYSIC SURVEY MAGNETIC SUSCEPTIBILITY MODEL 200m DEEP SOIL ANOMALY Au GRAV: DENSITY MODEL 200m DEEP 626000 626400 626800 627200 625800 626000 626200 626400 626600 626800 627000 627200 627400 L10 L
Slide 20: Mining Cadastre: Pending Applications
Slide 18 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER MINING CADASTRE: PENDING APPLICATIONS 63 HISTORIC APPLICATIONS DATING FROM 2018 ARE THE PRIORITY WORK STREAM SALAZAR RESOURCES (100%) › Historic applica�ons made by Salazar Resources. (100%) › Award of licenses may result in an elarged, who
Slide 21: Additional 100% Assets: Optionality
08 Slide 19 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER ADDITIONAL 100% ASSETS: OPTIONALITY CARRIED EXPLORATION EXPOSURE WITH ADVENTUS Salazar Resources Drilling Subsidiary Perforaciones Andesdrill S.A has 3 Rigs and is ready to work across the Por�olio Adventus Salazar Mining JV (SRL 20%) Re
Slide 22: Capital Structure
Slide 20 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER CAPITAL STRUCTURE Price Chart Strong Shareholder Register 0.4500 Other 0.4000 Salazar Family 40.0% 22.0% 0.3500 0.3000 Director/Insiders 0.2500 12.0% 0.2000 Arlington Group 0.1500 9.0% Institutions 0.0650 2021 Apr Jul Oct 2022 Apr Jul Oct 2
Slide 23: Act Responsibly – Find Ore – Create Value
10 Slide 21 SLIDE 23 SALAZAR RESOURCES LTD. ECUADOR’S FAVORITE EXPLORER ACT RESPONSIBLY – FIND ORE – CREATE VALUE EL DOMO PLUS NEW DISCOVERY POTENTIAL Shares underpinned by El Domo Explora�on We Are Upside: Ecuador is Highly Ecuadorian Prospec�ve NEW 11 million lbs TARGETS Proven Ability to Cu-Au po
Slide 24: Contact
Slide 22 ECUADOR’S FAVORITE EXPLORER Contact: Email: ir@salazarresources.com Phone: +1 604 685 9316 www.salazarresources.com
Slide 25: El Domo – Resources
APPENDIX EL DOMO – RESOURCES Open Pit Resources 10 Mt @ 5% Cu Eq Reserve Tonnes Cu Pb Zn Au Ag Cu Pb Zn Au Ag Category (Mt) (%) (%) (%) (g/t) (g/t) (kt) (kt) (kt) (koz) (koz) Mineral Resources Proven 3.1 2.50 0.2 2.3 2.83 41 78.4 6.7 72.0 285 4,175 Probable 3.3 1.39 0.3 2.67 2.23 50 46.4 9.4 89.4 24
Slide 26: El Domo – Resources
APPENDIX EL DOMO – RESOURCES Table 1a. Total Mineral Resources for El Domo, Curipamba Project - October 26,2021 (sum of table 1b and 1c) Table 1a. Total Mineral Resources for El Domo, Curipamba Project - October 26,2021 (sum of table 1b and 1c) Reserve Tonnes Cu Pb Zn Au Ag Cu Pb Zn Au Ag Reserve To
Slide 27: El Domo – Execution Plan
APPENDIX EL DOMO – Execution Plan Government signed investment protection agreement (2022) & approved ESIA (jan. 2024) – focus on construction in 2024. Permit granted by MAATE for construc�on and opera�on of Execu�on Ac�vi�es 2024 2025 2026 the El Domo project. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Detailed En