Outcrop Silver & Gold (OCG) Investor Presentation summary

Project highlights and resource overview

• Hosts one of the world's highest-grade undeveloped primary silver deposits, located in Falan, Tolima, Colombia, with strong community and government support.

• Indicated resource of 1.23 Mt at 614 AgEq g/t (24.2 Moz AgEq) and inferred resource of 0.97 Mt at 13.5 Moz AgEq, based on April 2023 estimate.

• Metallurgical recoveries are high, with 96.3% silver and 98.5% gold recovery, and concentrate grades of 4,187 Ag g/t and 52.1 Au g/t.

• Fully funded drill program is underway, targeting major resource expansion and new discoveries.

• Backed by a major investor holding a 21% stake, with continued financial support for exploration and growth.

Market context and silver outlook

• Silver market faces a critical supply-demand crunch, with a forecasted cumulative deficit of 758 million ounces from 2020-2024.

• Solar demand for silver is rapidly increasing, projected at 232 million ounces in 2024, up 64% from 2023.

• Silver is considered a strategic metal for Colombia's energy transition economy.

Exploration, expansion, and growth strategy

• Multiple high-grade discoveries across the Santa Ana project, with notable drill intercepts such as 5.28m at 3,927 g/t AgEq and 8.97m at 1,575 g/t AgEq.

• 24,000-metre drill program in 2025 focused on accretive resource expansion, with an updated mineral resource estimate targeted for Q1 2026.

• Ongoing exploration plan includes new prospect generation and resource definition drilling across a 6,475 ha title area and 21,222 ha in applications.