Midnight Sun Mining (MMA ) Corporate Presentation summary

Project portfolio and regional context

• Solwezi and Luswishi projects are located in Zambia's Domes Region, a prolific copper belt surrounded by major operators and world-class mines.

• Solwezi features multiple shallow, basement-dome and sediment-hosted sulphide copper targets, including the flagship Dumbwa Target, a 20 km copper-in-soil anomaly.

• The region is geologically conducive to large, high-grade, scalable copper deposits, with mining accounting for 75% of Zambia's export earnings.

• Cooperative Exploration Plan with First Quantum aims to expedite delineation of oxide copper resources, leveraging proximity to Kansanshi Mine.

• Strategic land expansion includes acquisition of the Luswishi Dome Project.

Exploration strategy and technical approach

• Exploration is led by Dr. Kevin Bonel, a sulphide-copper specialist with a track record at Barrick's Lumwana Mine.

• A three-phase exploration methodology is used: geochemical sampling, dipole-dipole IP survey, and targeted drilling.

• Systematic drilling at Dumbwa is guided by geophysical and geochemical data, minimizing risk and cost.

• Partial Ionic Leach sampling is used at Mitu and Kazhiba to identify targets in areas unresponsive to traditional geochemistry.

• Ongoing drilling and IP surveys are defining mineralized horizons and structural controls at key targets.

Key discoveries and drill results

• Dumbwa drilling in 2025 returned intercepts such as 22.0m at 1.0% Cu, 15.0m at 0.98% Cu, and 39.7m at 0.51% Cu, confirming a large, high-grade system.

• Historic Dumbwa drilling includes 16m at 1.24% Cu and 13.5m at 0.77% Cu from surface.

• Kazhiba and Mitu oxide copper targets yielded high-grade, near-surface results: 21m at 10.69% Cu, 26m at 5.6% Cu, and 15m at 3.01% Cu.

• Due diligence diamond drilling at Kazhiba Main confirmed significant copper intercepts, dispelling concerns about voids in RC drilling.

• Multiple new oxide and sulphide targets have been defined for follow-up drilling.