Val-d'or Mining Corporation · TSXV:VZZ
Val-d'or Mining — Investor Presentation (February 2026)
27 slides from Val-d'or Mining's investor presentation, February 2026
Slide 1: Québec-Based Company Turns Geological Models into Royalties
QUÉBEC-BASED COMPANY TURNS GEOLOGICAL MODELS INTO ROYALTIES Entreprise québécoise transforme des modèles géologiques en redevances TSXV:VZZ February 2026 OTCQB: VDOMF
Slide 2: Disclaimer
DISCLAIMER Non-Commercial Individual Reference Use Only The entire contents of this presentation are protected by copyright and may be used and copied for non-commercial, individual reference only. Any other use of the contents of this presentation is prohibited unless the user first obtains the Com
Slide 3: Proven Model
PROVEN MODEL It all starts with prospecting and properties 1999-2010 2001-2021 2011-2021 Canadian Royalties Golden Valley Mines Abitibi Royalties Exit Market Cap Exit Market Cap Exit Market Cap C$192.5M C$171.9M C$336.5M SAME KEY MEMBERS OF MANAGEMENT – OVER 20 YEARS TSXV: VZZ | OTCQB: VDOMF 3
Slide 4: Business Model
BUSINESS MODEL Enhance properties JVs Monitor and manage and seek leveraged NSRs royalties and Royalty Creation financing Shares investments INVESTMENT APPROACH Acquire properties Perform initial based on geological Develop geological exploration to test merit and exploration Project Generation idea
Slide 5: Same Key Management Over 20 Years
SAME KEY MANAGEMENT OVER 20 YEARS It all starts with prospecting and properties Canadian Royalties (1999-2010) Golden Valley Mines (2001-2021) Abitibi Royalties (2011-2021) Established as a grass-roots royalty company, Established as a grassroots exploration Spun-out from Golden Valley Mines with a
Slide 6: Project Areas
PROJECT AREAS Joint Ventures 100% Owned Properties NSRs QC Northern Properties Québec 2 JVs (556 ha) 4 NSRs (16,434 ha) 33 Properties (12,179 ha) Ontario 10 JVs (18,957 ha) QC AGB 2 NSRs (5,628 ha) ON AGB 11 Properties (7,640 ha) Québec 2 Properties North (2,446 ha) TSXV: VZZ | OTCQB: VDOMF 6
Slide 7: The Abitibi Greenstone Belt: Principal Area of Interest
THE ABITIBI GREENSTONE BELT: PRINCIPAL AREA OF INTEREST TSXV: VZZ | OTCQB: VDOMF 7
Slide 8: Eldorado JV and Option Summary
ELDORADO JV AND OPTION SUMMARY Agreement Summary - $36.5 Million in Exploration Expenditures OPTION JOINT OPTION JOINT OPTION JOINT OPTION JOINT OPTION JOINT VENTURE 3 VENTURE 4 VENTURE 1 VENTURE 2 VENTURE 5 PERESTROIKA MURDOCH BADEN, ISLAND 27, BLUE MOUNTAIN AND PERESTROIKA CREEK, COOK LAKE MATACHE
Slide 9: JVs – Baden, Plumber, Island 27 and Matachewan
JVS – BADEN, PLUMBER, ISLAND 27 AND MATACHEWAN Eldorado Option 4*: Eldorado must incur $20,000,000 over a period of 5 years for up to 80%** BADEN PLUMBER $12 M $1 M over 5 yrs over 5 yrs ISLAND 27 MATACHEWAN $6 M $1 M over 5 yrs over 5 yrs *Eldorado can earn a 70% interest be incurring $20,000,000,
Slide 10: JVs – Baden Drilling Underway
JVS – BADEN DRILLING UNDERWAY Eldorado Option 4*: Eldorado must incur $20,000,000 over a period of 5 years for up to 80%** BADEN DRILLING COMPLETED $12 M OCT 2025 over 5 yrs 4,000m Program PLANNED HOLES PROJECT OPERATOR 9 VZZ Helicopter over 5 yrs Supported *Eldorado can earn a 70% interest be incur
Slide 11: JVs – Claw Lake and Perestroika
JVS – CLAW LAKE AND PERESTROIKA Eldorado Option 3*: Eldorado must incur $10,500,000 over a period of 5 years Claw Lake Perestroika Kirkland Lake area, Located within Ontario Courville Township, Quebec. 55 contiguous claims that total 1,195 8 contiguous CDCs hectares. covering a total area of 325 hec
Slide 12: JVs – Claw Lake and Perestroika
JVS – CLAW LAKE AND PERESTROIKA Eldorado Option 3*: Eldorado must incur $10,500,000 over a a period of 5 years Perestroika 2025 Drill Highlights • PE-25-012: 16.30 m @ 4.01 g/t Au from 127.50 m - 143.80 m • Including - 0.50 m @ 66.30 g/t Au from 128.50 m - 129.00 m • PE-25-013: 1.30 m @ 46.39 g/t Au
Slide 13: JVs – Perestroika Ouest Prospect
JVS – PERESTROIKA OUEST PROSPECT Eldorado must incur $1,000,000 over a period of 5 years Located approximately 40 km NNE of Val-D’Or Consists of five (5) map designated mining title cells totaling 214 hectares. TSXV: VZZ | OTCQB: VDOMF 13
Slide 14: NSRs
NSRs Net Smelter Royalties NSR Percentage Property Owner Size Commodity 1.5% Ducros Quebec Nickel (QNI.CN) 15,179 ha Ni-Cu-PGE 2.0% Powell Sparton (SRI.V) 43 ha Au 1.5% Luc Bourdon Juno (Private) 5,585 ha Zn-Cu-Ag (VMS) TSXV: VZZ | OTCQB: VDOMF 14
Slide 15: NSR: Ducros
NSR: DUCROS Claim Cells Size Commodity Shares NSR 280 15,179 ha Ni-Cu-PGE 3.5 million of Quebec Nickel 1.5% Completed over 21,000 metre program by QNI in 2022 plus 17,835 metres in 2023 Battery minerals (Ni, Cu, PGEs) Over $12 million spent 2022-2024- raised and spent C$15m TSXV: VZZ | OTCQB: VDOMF
Slide 16: NSR: Powell
NSR: POWELL Claim Cells 2 Size 43 ha Commodity Gold NSR 2% TSXV: VZZ | OTCQB: VDOMF 16
Slide 17: NSR: Juno, Ring of Fire
NSR: JUNO, RING OF FIRE Claim Cells Size Commodity Shares NSR 288 5,585 ha VMS (Zn-Cu-Ag) 1.5 million of Juno Corp. 1.5% Increased interest in the Ring of Fire with 2022 Wyloo acquisition of Noront Juno plans to spend +$20 million in 2026 on exploration across the Ring of Fire 2026 budget focused on
Slide 18: Share Structure
SHARE STRUCTURE Insiders Key Shareholders (+10%) Retail 1. Glenn Mullan: 14% Price (as of Feb 24) 0.13 2. Jimmy Lee : +13% Purchased 12M shares from GROY 3. Gold Royalty (GROY): Market Cap (as of Feb 6) $14.4M GROY 12.5% (Golden Valley) 4. Sidex (QC govt): 9.9% 52 Week Range $0.04 - $0.14 $0.14 900,
Slide 19: Management & Board
MANAGEMENT & BOARD MANAGEMENT Glenn J. Mullan Dr. Jens Zinke Chief Executive Officer, Director Chief Operating Officer, Director Over 40 years of experience in the industry. Glenn is the CEO of Dr. Zinke graduated as a Mining Engineer specializing in Geophysics. He Cleghorn Minerals and the former P
Slide 20: Management & Board
MANAGEMENT & BOARD BOARD OF DIRECTORS Glenn J. Mullan Deborah Honig Chief Executive Officer, Director Lead Director Over 40 years of experience in the industry. Glenn is the CEO of Over 20 years of capital markets experience. She is the Founder Cleghorn Minerals and the former President, CEO, and Ch
Slide 21: Exploration Programs
EXPLORATION PROGRAMS Partner-Funded Exploration Self-Funded $36.5M over 5 years from Exploration Eldorado Project generation 1.75M shares from Kirkland Lake Discoveries Staking plus $1.2M in exploration spend TSXV: VZZ | OTCQB: VDOMF 21
Slide 22: Kirkland Lake Discoveries – Winnie Lake
KIRKLAND LAKE DISCOVERIES – WINNIE LAKE Kirkland Lake Option Agreement to Acquire Ontario Property (April 2025) Shaft zone underpinning property returned significant drill results historically First drilling since 2005 returned 31.38m of 1.22% CuEq: Dh KLD25- 35 New intrusive-related mineralizing sy
Slide 23: Properties Available for Option
PROPERTIES AVAILABLE FOR OPTION Magoma Gold Properties Oregon Battery Minerals Properties Shoot Out (Ni-Cu-PGE) Boston Bulldog Volcanogenic Massive Sulphides Riviere Lois (Cu-Zn-Ag) Properties Jon Smith TSXV: VZZ | OTCQB: VDOMF 23
Slide 24: Quebec Abitibi Greenstone Belt Gold
QUEBEC ABITIBI GREENSTONE BELT GOLD The Magoma Prospect is located within Poularies and Privat Townships. 23 Claims, covering 967 hectares. Geological Model: Orogenic gold deposit spatially related to a deformation zone hosted in altered and mineralized metavolcanic rocks Highlights from Previous Pr
Slide 25: Quebec Abitibi Greenstone Belt Gold
QUEBEC ABITIBI GREENSTONE BELT GOLD The Oregon Prospect is located in Barraute Township. 20 claims, covering approximately 700 hectares. Geological Model: Intrusive-hosted, bulk tonnage orogenic gold deposit. Highlights from previous programs: • Sample of granodiorite blast rock containing quartz an
Slide 26: QC North Battery Minerals
QC NORTH BATTERY MINERALS Located in Nunavik, Québec in the South Raglan trend approx. 15 km west of the Canadian Royalties’ Ivakkak deposit. Geological Model: Magmatic nickel-copper-PGE sulfide deposit, associated with a series of linear ultramafic sills and dikes located on the South Raglan Mine t
Slide 27: Contact Us
CONTACT US Glenn J. Mullan Chief ExecutiveOfficer Val-D’Or Office Val-D’Or, Québec 2772, Chemin Sullivan J9P 0B9 (819) 824-2808 glenn.mullan@valdormining.com TSXV: VZZ | OTCQB: VDOMF 27
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