Minera Alamos (MAI) Corporate presentation summary

Strategic vision and growth trajectory

• Aims to become a leading intermediate gold producer in the Americas, leveraging a portfolio of low-capex, high-margin projects and cash flow from existing operations to fund growth initiatives.

• Recent acquisitions and integration of the Pan Operating Complex, along with a robust pipeline including Copperstone, Gold Rock, and Cerro de Oro, underpin the growth strategy.

• Management team with proven track record in mine development, operations, and corporate growth, supported by experienced board members.

Operational performance and asset overview

• Pan Mine, a stable producing asset in Nevada, has produced over 330 koz of gold since 2017, with 2025 production at 35 koz Au and AISC of ~$1,657/oz.

• 2026 guidance for Pan Mine is 32-38 koz gold at AISC of $1,850-2,000/oz, with updated reserves offsetting three years of depletion.

• Gold Rock project, adjacent to Pan, targets 55 koz/year over 6.5 years at $1,008/oz AISC, with significant exploration upside.

• Copperstone in Arizona, acquired in 2025, targets 42 koz/year over 6 years at $36M initial capex, with strong resource expansion potential.

• Cerro de Oro in Mexico offers 58.4 koz/year over 8.2 years at $873/oz AISC and $28M capex, with open mineralization at depth and along strike.

Recent achievements and upcoming milestones

• Closed Pan Operating Complex acquisition and secured $25M Auramet gold prepayment facility in October 2025.

• Completed business integration, share consolidation, and strategic share purchases by insiders in early 2026.

• Key milestones ahead include Copperstone prefeasibility and construction decision, debt refinancing, rebranding, TSX graduation, and NYSE American listing.

• Cerro de Oro permit and updated technical report, Gold Rock construction decision, and Copperstone production start are targeted for 2026-2027.