Soma Gold Corp. · TSXV:SOMA
Soma Gold — Investor Presentation (May 2025)
29 slides from Soma Gold's investor presentation, May 29, 2025
Slide 1: Growing Gold Producer in Colombia Corporate Presentation
Growing Gold Producer in Colombia Corporate Presentation May 29, 2025
Slide 2: Legal Disclaimer
Legal Disclaimer T S X V : S O M A / / O TC Q B : S M A G F Statement by Qualified Persons Some statements herein contain forward-looking information. These statements include, but are not limited to, statements with respect to the expected benefits from having a management team seeking to aggressiv
Slide 3: 2025 Q1 Financial Highlights
2025 Q1 Financial Highlights T S X V : S O M A / / O TC Q B : S M A G F Q1 Sales Volume Q1 Revenue 6,594.2 ounces AuEq $ 27.88 million Q1 Adjusted EBITDA Q1 EBITDA per share $ 13.47 million $0.15 Q1 Net Income Q1 Net Income per share $ 3.17 million $ 0.03 Long Term Debt at Q1 Total Assets Source: TM
Slide 4: Executive Summary
T S X V : S O M A / / O TC Q B : S M A G F Executive Summary ➢ Gold producer with over 410 km2 District Scale property next to Aris Mining (ARIS TSX) 5.5M ounces Segovia deposit 2025 Q1 Production 6,594 AuEq ounces Q1 2025 EBITDA of C$12.5 Million ➢ Ongoing exploration program funded by free cash fl
Slide 5: Key Financial and Operating Statistics for 2024
Key Financial and Operating Statistics for 2024 T S X V : S O M A / / O TC Q B : S M A G F Three-months periods ended Highlights March 31 2025 2024 Operating data ➢ Soma sold 6,594.2 AuEq ounces in Q1 Ore mined t 38,855 38,254 Ore milled t 37,170 37,742 Gold Grade Recovery g/t Au % 6.25 87.9% 6.80 8
Slide 6: Production history and forecast
Production history and forecast T S X V : S O M A / / O TC Q B : S M A G F Production Forecasted AuEq Production Totals (oz Au): 16,168 80,000 17,170 20,484 23,800 32,340 27,688 32,500 46,274 57,729 74,417 72,104 72,104 Forecast 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - 2019A 2020A 2021A 20
Slide 7: Colombia – Excellent Mining Jurisdiction
T S X V : S O M A / / O TC Q B : S M A G F Colombia – Excellent Mining Jurisdiction ➢ Soma’s properties are located in a prolific jurisdiction with multiple unexplored targets ➢ Soma’s property is on-trend with the 5.5- million-ounce Segovia Mine and the 6.0- million-ounce Gramalote deposit ➢ Antioq
Slide 8: District Scale Property
District Scale Property T S X V : S O M A / / O TC Q B : S M A G F Mineral rights concessions of approximately 41,000 Ha (410 sq. km) extend over more than 100 km along the prolific OTU fault. These concessions are adjacent to and on-trend with the Segovia Mine (Aris Mining Corp TSX:ARIS), which hol
Slide 9: Hub and Spoke
Hub and Spoke T S X V : S O M A / / O TC Q B : S M A G F ➢ Two Mills located at the northern end and in the central part of the 41,000 Ha property ➢ Combined capacity of 650 TPD, expandable to 1,400 TPD ➢ Feed for the mills coming from Limon, Cardero, Aurora, Nechi and artisanal miners on the proper
Slide 10: Cordero Mine
Cordero Mine T S X V : S O M A / / O TC Q B : S M A G F ➢ Current Mill Production of 450 - 475 TPD ➢ Average life-of-mine diluted head grade of 6.4 gpt ➢ Raised Stope and mechanized mining methods utilized ➢ Targeting 25-30,000 ounces per year for 2025-2030 ➢ Drilling from underground to extend down
Slide 11: Upper Cordero
Upper Cordero T S X V : S O M A / / O TC Q B : S M A G F ➢ New interpretation of the “en-echelon” vein structure ➢ New structure on the back side of a dike ➢ High grade in good width veins ➢ In close proximity to existing underground infrastructure ➢ Adding resource to the model ➢ Expect similar con
Slide 12: Venus Gap
Venus Gap T S X V : S O M A / / O TC Q B : S M A G F ➢ Infill drilling has added resource where original model had a barren gap ➢ Veins have a good width and high-grade ➢ Results Highlights: • 5.2m at 16.1g/t Au • 3.3m at 28.3g/t Au • 1m at 12.5g/t Au • 1m at 11.2g/t Au • 7.55m at 13.9g/t Au • 3.5m
Slide 13: Cordero Deposit Modelling
Cordero Deposit Modelling T S X V : S O M A / / O TC Q B : S M A G F ➢ A cross-section through Cordero South “en echelon” veins ➢ The cross-section highlights that the veins are “en echelon’ both along strike and down dip ➢ Updated modelling protocols ➢ Vein orientation constraints ➢ Each drill inte
Slide 14: El Bagre Mill Complex
El Bagre Mill Complex T S X V : S O M A / / O TC Q B : S M A G F ➢ 450 TPD Capacity ➢ 1,200 TPD Crushing capacity ➢ The grinding, gravity, floatation, cyanide leach and Merrill Crowe circuits are expandable to 1,000 TPD ➢ Powered by renewable hydropower generated on- site and backed up by generators
Slide 15: El Limon Mill
El Limon Mill T S X V : S O M A / / O TC Q B : S M A G F ➢ 225 TPD capacity - re-start in Q2 2025 ➢ Expandable to 400 TPD ➢ RPP License from Government of Colombia ➢ Located 15 km south of el Bagre in town of Zaragoza ➢ Close to the Machuca Mine May 29, 2025 www.somagoldcorp.com 15
Slide 16: Parallel Vein at el Limon
Parallel Vein at el Limon T S X V : S O M A / / O TC Q B : S M A G F Plan View geomodel Section view A Second 0.3 m @ A B vein to 23.9 gpt mine ➢ Parallel structure to the el Limon vein Two intercepts: 1.0 m ➢ 50 meters to the west with an en echelon orientation @30.2 gpt and 1.0 m ➢ El Limon produc
Slide 17: Nechi Deposit
Nechi Deposit T S X V : S O M A / / O TC Q B : S M A G F Nechi Deposit ➢ Located 60 km North of the El Bagre Gold Complex ➢ Hosted in the same Batholith host rock as the Segovia Mine 60 km (5.5M oz Au) ➢ 2019 NI 43-1010 Resource Estimate of 128,000 Ounces with an expectation that it will grow to ove
Slide 18: Nechi Deposit
Nechi Deposit T S X V : S O M A / / O TC Q B : S M A G F Mine plan submitted for permit ➢ 42,000 m of DDH drilling already completed ➢ 2,300 m of decline and underground development a l rea dy built ➢ 200-250 TPD production planned for late 2026, with the ore to be milled at El Bagre and El Limon mi
Slide 19: Machuca Deposit
Machuca Deposit T S X V : S O M A / / O TC Q B : S M A G F ➢ Located 10 km south of the el Limon Mill ➢ Paved road to el Limon and el Bagre mills ➢ High-grade intercepts and channel samples with grades exceeding 25 gpt ➢ Drill program on-going ➢ Fully-permitted mine that requires limited capex to pu
Slide 20: Artisanal Miners
Artisanal Miners An example of an artisanal small mine T S X V : S O M A / / O TC Q B : S M A G F ➢ There are many small miners working on outcropped hard rock and alluvial deposits on the Company’s property ➢ Soma’s strategy is to work with these small miners to formalize them under the Government
Slide 21: Multiple Additional Exploration Targets
Multiple Additional Exploration Targets T S X V : S O M A / / O TC Q B : S M A G F Psyche 2 Target Soil Anomalies ➢ $7 million 2025 exploration program ➢ 30K meters of DDH per year ➢ Multiple targets identified through surface sampling and artisanal mining ➢ Airborne geophysical and LIDAR surveys un
Slide 22: Copper Anomaly on OTU Central
Copper Anomaly on OTU Central T S X V : S O M A / / O TC Q B : S M A G F ➢ Potential copper anomaly on the Otu Centro property acquired in 2023 ➢ Several artisanal underground mines in the area mining gold in multiple quartz veins ➢ Target for recent DDH drilling program for gold at the Colossa, Ori
Slide 23: Seasoned and Proven Senior Management
Seasoned and Proven Senior Management GEOFF HAMPSON MARK BREN CHAIRMAN AND CEO VP OPERATIONS Founded and financed multiple private and public companies since 1979 Mr. Bren has 35+ years of experience in technical and operational roles in surface and with a total deal value of over $700 MM, including
Slide 24: Board of Directors
T S X V : S O M A / / O TC Q B : S M A G F Board of Directors GEOFF HAMPSON IOANNIS TSITOS CEO AND CHAIRMAN OF THE BOARD INDEPENDENT DIRECTOR AND COMPENSATION COMMITTEE CHAIR Founded and financed multiple private and public companies since 1979 with a total deal value of over $700 MM, including Gold
Slide 25: Environmental, Social and Governance
Environmental, Social and Governance T S X V : S O M A / / O TC Q B : S M A G F Environmental ➢ Formalizing small miners eliminates the use of mercury ➢ Sustainable and renewable source of power from on-site hydro plant. ➢ Soma plants 5,000+ trees per year with the support of the local community ➢ A
Slide 26: Worker Health and Safety
Worker Health and Safety T S X V : S O M A / / O TC Q B : S M A G F ➢ Management and the Board take worker safety very seriously ➢ Implemented North American safety standards ➢ The focus on safety and training has dramatically reduced incidents May 29, 2025 www.somagoldcorp.com 26
Slide 27: Colombia Country Risk
Colombia Country Risk T S X V : S O M A / / O TC Q B : S M A G F ➢ New elections scheduled for June 2026. ➢ President Petro’s Leftist agenda stalled by Centrist Legislature ➢ No change to the 5% foreign dividend withholding tax ➢ Soma exceeds compliance for environmental and social issues (won an aw
Slide 28: Summary
Summary T S X V : S O M A / / O TC Q B : S M A G F Trading at 1.85 X Q1 2025 EBITDA Producing and Profitable mine Large District Scale, Highly Prospective Land Holdings in Prolific A ntioquia State, Colombia Q1 2025 AISC of US $1,886 USD and cash costs of US$1,261 per ounce a t a n a v e r a g e p r
Slide 29: Contact
CONTACT Geoff Hampson CEO +1 312-420-0690 geoff@somagoldcorp.com Jean-Francois Meilleur TSXV:SOMA // OTCQX:SMAGF VP Capital Markets +1 514 951-2730 jean-francois@somagoldcorp.com Suite 1500, 409 Granville Street Vancouver, BC, Canada V6C 1T2 IN F O @ S O M A G O L D C O R P . C O M +1-604-259-0302 M