Capella Minerals Limited · TSXV:CMIL

Capella Minerals — Investor Presentation (April 2023)

27 slides from Capella Minerals's investor presentation, Apr 10, 2023

  1. Slide 1: Development and Discovery Drilling on Copper & Lithium-REE Projects

    OTCQB: CMILF TSXV: CMIL FRA: N7D2 Development and Discovery Drilling on Copper & Lithium-REE Projects for Europe’s Green Energy Transition April 10, 2023 Ethically-Sourced Metals for Europe’s Electromobility and Decarbonization Process

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This document may contain "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this document and Capella Minera

  3. Slide 3: Capella's Project Portfolio

    Capella’s Project Portfolio Favourable Jurisdictions, Management with Track Record of Success Our Precious Metals Joint Ventures Our Fennoscandian Base & Battery Metals Projects Vaddas Cu-Co Northern Finland Copper-Gold Killero - Drill Permitting, Hessjøgruva-Kjøli Drilling Q4 2023 Hessjøgruva – Dri

  4. Slide 4: Capella's Capital & Management Structure

    Capella’s Capital & Management Structure April 10, 2023 Common Shares Outstanding 195M DIRECTORS & SENIOR MANAGEMENT Options (Av. price $C 0.13) 11M Eric Roth CEO & Director (30+yrs experience) Warrants (Av. price $C 0.12) 77M Glen Parson Director (20+yrs experience) Market Capitalization @ $C 0.04

  5. Slide 5: European Base & Battery Metal Focus

    European Base & Battery Metal Focus Critical Metals for the Electromobility / Decarbonization Process Norwegian Copper-Cobalt Deposits • Capella’s projects high-grade (2+% Cu vs global average <0.8% Cu) • 60-70% of world’s cobalt currently sourced from the DRC • Opportunity to supply Europe with eth

  6. Slide 6: European Base & Battery Metal Focus

    European Base & Battery Metal Focus Norwegian Copper-Cobalt & Finnish Lithium-REE, Copper-Gold Norwegian VMS Belt Finland Gold-Copper N Kittila Gold Mine Northern Finland Vaddas-Birtavarre Copper-Gold (Cullen JV) Mo I Rana Lithium-Ion Battery Gigafactory Keliber Oy 13.6MT @ Central Finland Li-REE 1.

  7. Slide 7: Hessjøgruva & Kjøli VMS Projects

    Hessjøgruva & Kjøli VMS Projects Rebuilding a High-Grade Copper-Cobalt-Zinc Mining District 3 1 Hydroelectric 2 Dam 7

  8. Slide 8: Hessjøgruva Cu-Zn-Co VMS Project

    Hessjøgruva Cu-Zn-Co VMS Project Advanced-Stage Exploration Project (100% Capella) Hessjøgruva Project • NI 43-101 compliant technical report filed on September 8, 2022 • Extensive exploration undertaken in 1970’s, including 12,035 m of core drilling in 67 holes • Massive sulfide deposit with simple

  9. Slide 9: Hessjøgruva Cu-Zn-Co Project

    Hessjøgruva Cu-Zn-Co Project Advanced-Stage Exploration Project (100% Capella) • High-grade mineralization remains open down dip, copper grades increase with depth • Next steps: NI 43-101 compliant Mineral Resource Estimate, evaluate access to mineralized horizon via adit from adjacent valley, preli

  10. Slide 10: Hessjøgruva Cu-Zn-Co VMS Project Next Steps

    Hessjøgruva Cu-Zn-Co VMS Project Advanced-Stage Exploration Project (100% Capella) Next Steps • Permitting underway for late-Q2 2023 core drill program. Estimated 4,000m. • Completion of NI 43101 compliant Mineral Resource Estimate (“MRE”) • Evaluation of adit construction at RL700 • Mining and meta

  11. Slide 11: Kjøli VMS Project (100% Capella)

    Kjøli VMS Project (100% Capella) High-Grade Copper-Cobalt-Zinc Project in Røros District Kjøli Project • Two former high-grade copper mines – Kjøli, Killingdal • Scout core drill program completed Q1, 2023. Main targets: Kjøli Deeps, Kjøli Mine Area. First assays expected end-April. • Focus on combi

  12. Slide 12: Løkken Copper-Cobalt VMS Project

    Løkken Copper-Cobalt VMS Project Summer 2022 Drill Target Generation Program (100% Capella) Project Status • 5 Cu-Co-Zn targets prioritized Fjellslett • Ground magnetic and Lokken Åmot Ionic Leach (IL) Verk Hoydal surveys undertaken during summer 2022 • Drill collars for Amot Halsetasen finalized, H

  13. Slide 13: Løkken Copper-Cobalt VMS Project: Åmot

    Løkken Copper-Cobalt VMS Project Åmot Cu-Zn-Co – High Priority Drill Target (100% Capella) Drill Ready VMS Target • Located 5km E of the old Løkken mine • No historic drilling • 1.5km-long coincident ground magnetic (TMI) and electromagnetic (VTEM) anomaly – highly-favourable combination for buried

  14. Slide 14: Løkken – Hoydal – Amot Corridor

    Løkken Copper-Cobalt VMS Project Løkken – Hoydal – Amot Corridor (100% Capella) Løkken Mine Hoydal Sector • Summer/autumn 2022: ground Høydal magnetic survey completed plus Ionic Leach (IL) sampling Amot (results pending). • Surveys designed to test for potential drill targets located IL Lines Area

  15. Slide 15: Vaddas-Birtavarre Copper-Cobalt Project

    Vaddas-Birtavarre Copper-Cobalt Project High-Grade Cu-Zn-Co VMS in Former Mining District Vaddas-Birtavarre Project • 100% Capella. Claims staked in 2022. • Former copper-rich VMS mining district • Discovered 1860’s, idle since 1970’s • Elevated Co associated with Cu mineralization 15

  16. Slide 16: Finland Gold-Copper and Lithium Projects

    Finland Gold-Copper and Lithium Projects Geological Survey of Finland – Bulletin 406 (2018) Northern Finland Gold-Copper (Capella-Cullen JV) Kittila Gold Mine (Agnico) • Gold-copper projects located along highly-mineralized Ikkari Gold (Rupert) Sirrka Thrust, Central Lapland Greenstone Belt Sakatti

  17. Slide 17: Northern Finland Gold-Copper (Cullen JV)

    Northern Finland Gold-Copper (Cullen JV) High-Grade Gold & Copper in the Central Lapland Greenstone Belt Project Overview • Adjacent to highly mineralized Sirkka Thrust • Rupert Resources • Aurion / B2Gold • 4,000 line km high- resolution drone mag survey completed in April, 2022 • 7 Exploration Per

  18. Slide 18: Priority Killero Target

    Northern Finland Gold-Copper (Cullen JV) Priority Killero Target - AngloAmerican “Bottom of Till” Cu-Au Anomalies Area of Figure 1 Killero Cu-Au Till Anomalies 5,962ppm Cu / 145ppb Au Interpreted Mafic (Tholeiitic) Volcanic Rocks 18

  19. Slide 19: Perho Lithium (Cullen JV)

    Perho Lithium (Cullen JV) Lithium-Cesium-Tantalum (“LCT”)-REE Pegmatites Perho Reservation Eräjärvi Viitaniemi Juuraako Seppälä Lithium Occurrence Pegmatite Feldspar Gold Occurrence 19

  20. Slide 20: Central Lithium-REE Portfolio (Hilo Mining JV)

    Central Lithium-REE Portfolio (Hilo Mining JV) “LCT” Pegmatites, Targeting 5-10MT @ >1% Li20 Northern Finland Gold-Copper Spodumene Central Finland Lithium-REE (Hilo Mining JV) • Targeting spodumene-bearing pegmatites • 5 reservations covering 2,300 sq km. of the Järvi-Pohjanmaa lithium tract • Hilo

  21. Slide 21: Finland Lithium-REE Portfolio

    Finland Lithium-REE Portfolio Keliber District N Nabba Keliber Mining District BoT Li Anomalies Lappajarvi W Järvi-Pohjanmaa Pegmatite Fields Lithium Tract Lappajarvi E Seinäjoki Mining District Kaatiala 0 50 km 21

  22. Slide 22: Capella's Precious Metals Projects

    Capella’s Precious Metals Projects Savant Gold JV (Ontario) & Domain Gold JV (Manitoba) Savant Gold JV (Ontario) • Prospector Metals Corp. (TSX.V: PPP) earning-in to a 70% interest, sole-funding first $C 2M of exploration • District-scale property, focus on high-grade gold in iron formations (e.g. S

  23. Slide 23: Savant Gold JV Project (Ontario)

    Savant Gold JV Project (Ontario) Drill-Ready High-Grade Canadian Gold • Prospector Metals Corp. earning-in to a 70% interest, sole-funding first CAD 2M of exploration • Focus on high-grade gold in iron formations (Snowbird, Horseshoe) and shear zones (Wiggle) • Summer 2022 sampling and LIDAR program

  24. Slide 24: Domain Gold JV Project (Manitoba)

    Domain Gold JV Project (Manitoba) Evaluating Strategic Alternatives Plan View 70.4% Agnico/29.6% Capella 100% Agnico 9.0m @ 7.3 g/t Au HLEM Conductors (Priority Targets) 4.5m @ 4.3 g/t Au Cross-Section 1 4.1m @ 7.9 g/t Au Main Zone Open 24 62 DDH / 9,660m Drilling Completed to Date

  25. Slide 25: Sierra Blanca Gold-Silver Project

    Capella’s Precious Metals Projects Sierra Blanca Gold-Silver Project (Santa Cruz Province, Argentina) Sierra Blanca Project - Overview • High-grade epithermal gold-silver project • Located 40km NW of AngloGold Ashanti’s Cerro Vanguardia gold-silver mine, Deseado Massif • 51% Austral Gold - 49% Capel

  26. Slide 26: Capella – Value Drivers 2023

    Capella – Value Drivers 2023 Norway Kjøli - Maiden Core Drilling Hessjøgruva – NI-43-101 Resource, Core Drilling Initial Development Studies, Evaluate Adit, Permitting Løkken - Maiden Core Drilling (Åmot), Drill Targeting (5 Areas) Finland Aakenus - Drill Permitting (7 targets) Killero - Cu-Au Targe

  27. Slide 27: Contacts

    Contacts Website: www.capellaminerals.com Email: info@capellaminerals.com Contact: Eric Roth, President & CEO Karen Davies, VP Investor Relations 27

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