Minera Alamos (MAI) Corporate presentation summary

Strategic growth and production outlook

• Targeting rapid gold production growth in the Americas, with production expected to rise from 32-38 koz in 2026 to over 150 koz by 2028, representing a peer-leading CAGR of 78% (2026-28) and 68% (2026-29).

• Growth is underpinned by a strong balance sheet, including $46M cash (Q1 2026) and a $75M revolving credit facility.

• Cash flow from the Pan mine will fund development at Copperstone, Gold Rock, and Cerro de Oro, all of which have low capital intensity and high-return profiles.

• Copperstone and Gold Rock are permitted brownfields projects, while Cerro de Oro permits are anticipated by Q3 2026.

Recent achievements and upcoming milestones

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

• Completed business integration of Pan, updated reserves/resources, and executed a $75M revolving credit facility term sheet by March 2026.

• Key milestones ahead include Copperstone prefeasibility study, rebranding, TSX graduation, NYSE American listing, and Cerro de Oro permitting and technical updates through 2027.

Asset portfolio and project pipeline

• Core assets include Pan (operating), Copperstone (development), Gold Rock (development), and Cerro de Oro (development), with most projects permitted or near-permit.

• Pan mine has produced over 360 koz Au since 2017, with 2026 guidance of 32-38 koz at AISC $1,850-2,000/oz.

• Gold Rock and Copperstone offer significant production growth, with Gold Rock averaging 55 koz/year and Copperstone 42 koz/year at low AISC.

• Cerro de Oro features an 8.2-year mine life, 58.4 koz/year average production, and $873/oz AISC.