Mining Americas (MAI) Corporate presentation summary

Strategic positioning and growth model

• Focus on low-capital gold mine development with a multi-mine strategy and proven operational team.

• Four gold projects at various stages: Santana (in production), Cerro de Oro (permitting), Copperstone (awaiting construction), and La Fortuna (permitted, pending construction decision).

• Emphasis on minimizing risk through strong balance sheet, secured funding for Cerro de Oro, and jurisdictional diversification across Mexico and the US.

• Growth potential supported by exploration upside and a planned copper asset spinout.

Project portfolio and economics

• Santana: ~18,000 oz produced to date, ~200,000 oz indicated, ongoing expansion with low capex.

• Cerro de Oro: 8+ year mine life, ~60,000 oz/year, $873/oz AISC, $28M capex, after-tax IRR of 111%, funding package secured.

• Copperstone: 6-year mine life, ~40,000 oz/year, $1,305/oz AISC, $36M capex, after-tax IRR of 71% at $2,000/oz, permits in place.

• La Fortuna: 5-year mine life, 50,000 oz AuEq/year, $440/oz AISC, $26.9M capex, after-tax IRR of 93%.

Financial and capital structure

• Market capitalization of C$190M, enterprise value of C$184M, ~C$13.8M cash, ~C$15.5M working capital.

• No outstanding warrants, 576.5M shares, 27.7M options.

• Funding for Cerro de Oro secured via $25M Auramet package (loan and royalty), with zero equity dilution and buyback options.