Announcement PDF ADVANCING HIGH-GRADE COPPER IN CHILE ASX:CPO | OTCQB:CPORF JULY 2024 Disclaimer This Presentation and any accompanying verbal Presentation (together “the Presentation”) has been prepared by Culpeo Minerals Limited (“Culpeo” or “the Company”) and approved by the Board of the Company. The information contained in the Presentation (Information) is a summary only and should be read in conjunction with any oral briefing and all other documents provided to you by the Company. The Information is current as of 30 July 2024 and the Company does not undertake to provide any additional or updated information, whether as a result of new information, future events or results or otherwise. By receiving the Presentation, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer. The Company has prepared the Presentation based on information available as of 30 July 2024. No representation or warranty, express or implied, is made as to the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Neither Culpeo, its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, affiliates, agents or advisers (“Agents”) guarantee or make any representations or warranties, express or implied, as to or take responsibility for, the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Culpeo does not represent or warrant that this Presentation is complete or that it contains all material information about Culpeo or which a prospective investor or purchaser may require in evaluating a possible investment in Culpeo or acquisition of shares. To the maximum extent permitted by law, Culpeo and its Agents expressly disclaim any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of information contained in this Presentation, or otherwise arising in connection with it. This Presentation contains exploration results and references to historic exploration results as originally reported in fuller context in Culpeo’s ASX Announcements. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements. Any forward-looking statements in this Presentation, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of Culpeo and which are subject to change without notice and could cause the actual results, performance or achievements of Culpeo to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and recipients of this Presentation are cautioned not to place undue reliance on such forward-looking statements. The information contained in this Presentation is for information purposes only, does not constitute investment or financial product advice (nor taxation, accounting or legal advice) and is not intended to be used as the basis for making an investment decision. In providing this Presentation, Culpeo has not considered the objectives, financial position or needs of any particular recipients. Before making an investment decision prospective investors should consider the appropriateness of the information in this Presentation having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission, or any other foreign regulator) and is not, and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. In particular, this Presentation does not constitute an invitation or offer of securities for subscription, purchase or sale in the United States or any other jurisdiction in which such an offer would be illegal. The securities referred to in this Presentation have not been, and will not be, registered under the U.S. Securities Act of 1933 as amended or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly in the United States. The information in this Presentation is strictly confidential. It may not be disclosed, reproduced, disseminated, quoted or referred to in whole or in part, without the express consent of Culpeo. CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 2 QUALITY COPPER PORTFOLIO WITH NEW LANA CORINA DISCOVERY LOCATED IN THE PREMIER COPPER PRODUCING REGION GLOBALLY DYNAMIC AND SYSTEMATIC ADVANCEMENT TO UNLOCK FULL POTENTIAL TWO QUALITY PROJECTS ON THE INFRASTRUCTURE LADEN CHILEAN COASTAL BELT PERU BOLIVIA CHILE Antofagasta INVESTMENT HIGHLIGHTS CHILEAN COPPER DEVELOPMENT FOR A CLEAN ENERGY FUTURE PROVEN TEAM TO DELIVER RAPID ASSET DEVELOPMENT Copiapo La Serena 1. Lana Corina Project High-grade outcropping discovery, 454m @ 0.93% CuEq1 1. Lana Corina Cu Mo Santiago 2. Fortuna Project Nine key outcropping copper targets with high impact discovery potential 2. Fortuna ARGENTINA Cu Au Mo Refer Appendix 1 for additional details including CuEq calculation methodology. Culpeo confirms that it is not aware of any new information or data that materially affects the information included in those releases. All material assumptions and technical parameters underpi nning those releases continues to apply and has not materially changed. CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 3 Tignamar Cerro Colorado Quebrada Blanca Radomiro Tomic Antucoya Spence Sierra Gorda Lomas Bayas Polo Sur Lila Escondida OPERATING COPPER MINES IN CHILE Zaldivar Manto Verde Candelaria Collahuasi El Abra Chuquicamata Lilian Ministro Hales Esperanza Tornasol Gaby El Jardin La Escondida El Salvador Caserones Dos Amigos Andacollo Los Pelambres Vizcachitas Río Blanco-Los Bronces Los Bronces El Teniente CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 4 Corporate Overview Premier copper producing region globally • Quality copper portfolio with multiple drill ready targets and development options. • Targeting high-grade copper, critical for the energy transition. • Strategically positioned at low altitude, near infrastructure, surrounded by Tier 1 assets. • Lana Corina and Fortuna are ripe for development and highly prospective for copper, gold and molybdenum. CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 5 1. Lana Corina Project New discovery of high-grade outcropping copper and molybdenum CMLCD014 – 454m @ 0.93% CuEq From 90m9 Previous Notable copper intersections: • 104m @ 0.81% CuEq from 155m (CMLCD001)1; • 257m @ 1.10% CuEq from 170m (CMLCD002)2; • 173m @ 1.09% CuEq from 313m (CMLCD003)3; • 81m @ 1.16% CuEq from 302m (CMLCD005)4; • 16.4m @ 1.38% CuEq from 118m (CMLCD005A)5; • 34.7m @ 0.97% CuEq from 515m (CMLCD007)6; • 169m @ 1.21% CuEq from 239m (CMLCD010)7; and • 72m @ 0.91% CuEq from 352m (CMLCD013)8. High-grade molybdenum and rhenium hits: • 85m @ 1,367 ppm Mo (0.58% CuEq) from 486m3; • 35m @ 1,704 ppm Mo (0.84% CuEq) from 570m8, including; • 4m @ 8,845 ppm Mo (3.48% CuEq); and • 1m @ 15,000 ppm Mo (6.09% CuEq). CULPEO MINERALS ASX:CPO | OTCQB:CPORF Plan View Lana Corina Project showing position of diamond drill hole CMLCD014 1,2,3,4,7,9. INVESTOR PRESENTATION 6 1. Lana Corina Project Regional potential with outcropping copper targets over 3km of strike Plan view showing Lana Corina detailed surface geology map and the high priority targets 1. CULPEO MINERALS ASX:CPO | OTCQB:CPORF Plan view of high-resolution ground magnetic data (high-pass filtered TMIRTP), showing the position of the Lana Corina prospect and the high priority targets identified from the geophysical data 2. INVESTOR PRESENTATION 7 1. Lana Corina Project Regional potential with outcropping copper targets over 3km of strike Lana Corina/Vista Montana long section: Defined targets over >3km of strike (background image is the VOXI 3D magnetic invers ion model)1,2,3. CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 8 2. Fortuna Project Outcropping targets immediately north of the Lana Corina discovery • Culpeo concession area at Fortuna covers 4,025 hectares. • Historic mines total strike of >6km. • Nine high priority outcropping targets: – Vaca Muerta; – Piedra Dura; – La Florida; – El Quillay North; – El Quillay Central; – El Quillay South; – El Quillay East; – El Quillay West; and – Lucero. CULPEO MINERALS ASX:CPO | OTCQB:CPORF Plan view showing location of Fortuna Project, 1,2,3,4,5,6,7,8 . INVESTOR PRESENTATION 9 2. Fortuna Project High priority El Quillay North target Maiden drillhole intersected: • 26m @ 0.81% CuEq, including 4m @ 1.87% CuEq1. • Induced polarisation anomaly identified a 500m x 300m target less than 100m below surface. Historical underground sample results included2: • 3m @ 6.92% Cu; • 15m @ 1.50% Cu; and • 5m @ 2.70% Cu. • Records show approximately 200,000 tonnes @ 2.00% Cu mined historically3. Plan view of the El Quillay Prospect showing recent drilling results and surface sampling highlights 4,5,6,7,8,9,10,11,12. CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 10 2. Fortuna Project Porphyry copper and gold system at La Florida Prospect • Large (1.7km x 0.5km footprint) copper-gold porphyry system delineated at La Florida Prospect. • Results from surface sampling returned grades up to 3.96% Cu and 2.61g/t Au1. • Mineralisation styles analogous to the Lana Corina Prospect. Example of mineralisation identified at the La Florida Prospect, A: Copper sulphide present as chalcopyrite Sample # CPO0008692 3.18% Cu and 2.61g/t Au, B: Copper oxide present as malachite and chrysocolla Sample #CPO0008688 - 3.96% Cu and 1.17g/t Au 1. CULPEO MINERALS ASX:CPO | OTCQB:CPORF Plan view of the La Florida Prospect showing results of sampling over an area of approximately 1.7km x 0.5km 1. INVESTOR PRESENTATION 11 Active Exploration and Strong News Flow in 2024 Lana Corina drilling program in progress Project Activity Cu Mo Lana Corina Drill testing at Lana Corina Cu Au Mo Fortuna Mapping and litho-geochem at La Florida Cu Au Mo Fortuna Drill testing Vista Montana Lana Corina Drill testing at La Florida Cu Mo Q1-24 Q2-24 ■ ■ ■ ■ Q3-24 Q4-24 ■ ■ ■ EXPLORATION FOCUSED ON TARGETING MULTIPLE BROAD ZONES OF OUTCROPPING HIGH-GRADE COPPER MINERALISATION FOR LARGE SCALE, NEAR SURFACE DISCOVERY POTENTIAL CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 12 Board and senior management Successful track record of discovery, project development and value creation • • • • • Geoff McNamara Max Tuesley Zeffron Reeves Paul Schmiede Sergio Uribe Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Chilean Country Manager Over 30 years’ of international resource sector experience. Co-founder of Tesoro Gold Ltd which discovered the El Zorro Gold Project in Chile. Previously Director of Mining Finance at Societe General, NYC Private Equity Manager for PRCM (FUM US$800M). Previous operational roles include Project Manager, Senior Mine Geologist and Mine Geologist for Ivanhoe Mines, Lion Ore International and Western Mining Corporation. • • • • • Geologist with 30 years' experience in base metal and gold exploration and mining domestically and internationally. Previously led projects in Mongolia, Sudan, Laos and the Philippines. Formerly held senior management roles with Xstrata, focused on Australian copper operations including the Ernest Henry IOCG project. Member of the Australasian Institute of Mining and Metallurgy. Member and graduate of the Australian Institute of Company Directors (AICD). CULPEO MINERALS ASX:CPO | OTCQB:CPORF • • • Geologist with more than 20 years’ of resource experience, spanning greenfield exploration, mineral discovery, definition and feasibility, construction, production and closure. Managing Director of ASX listed Tesoro Gold Ltd, a company that has defined the El Zorro Gold Project in Chile. Track record of exploration success identifying and delineating new gold districts in Brazil and Chile. • • • • Mining engineer with over 25 years’ experience in mining, exploration and corporate development across gold and base metal commodities within Australia, Burkina Faso and DRC. Currently Vice President Corporate Development TSS-V listed Sarama Resources Ltd. Previously held senior roles with Moto Goldmines, Gold Fields and WMC Resources. Member of the Australasian Institute of Mining and Metallurgy. • • • Corporate administrator, manager and development professional with deep Chilean experience. More than 10 years’ resource sector experience spanning greenfields exploration, discovery production, closure, retreatment and tailings reclamation. Country Manager for ASX listed Tesoro Gold Ltd Chile, and previously General Manager of Acorn Mining Chile and Country Manager for Cleveland Mining Chile. INVESTOR PRESENTATION 13 QUALITY COPPER PORTFOLIO WITH NEW LANA CORINA DISCOVERY LOCATED IN THE PREMIER COPPER PRODUCING REGION GLOBALLY INVESTMENT HIGHLIGHTS CHILEAN COPPER DEVELOPMENT FOR A CLEAN ENERGY FUTURE CULPEO MINERALS ASX:CPO | OTCQB:CPORF DYNAMIC AND SYSTEMATIC ADVANCEMENT TO UNLOCK POTENTIAL PROVEN TEAM TO DELIVER RAPID ASSET DEVELOPMENT INVESTOR PRESENTATION 14 Corporate snapshot Compelling entry price, strong leverage to further exploration success Capital structure Major shareholders Share price1 A$0.045 Shares on issue2 165.4M Listed options2 13.9M 15% 39% TIGHT REGISTER WITH SUPPORTIVE EXPLORATIONFOCUSED SHAREHOLDER BASE Board and management Top 20 1832 Asset Management L.P. Other 39% Unlisted options and rights2 11.6M Market capitalisation1,2 A$7.3M Cash (June 2024)3 A$0.4M Debt (June 2024)3 Nil Enterprise value (undiluted) 1. As at 12 July 2024 2. As at 28 March 2024 3. As at 30 June 2024 CULPEO MINERALS ASX:CPO | OTCQB:CPORF A$6.9M 7% Historic share price (A$/share) 0.15 0.10 STRONG SHARE PRICE RE-RATE UNDERWAY 0.05 0.00 Apr 23 Jul 23 Oct 23 Jan 24 Apr 24 INVESTOR PRESENTATION 15 APPENDICES Appendix 1 Copper equivalent (CuEq) value calculations • Assumed commodity prices: Cu US$3.00/lb, Au US$1,700/oz, Mo US$14/lb and Ag US$20/oz. • Recoveries are assumed from similar deposits: Cu = 85%, Au = 65%, Ag = 65%, Mo = 80%. • CuEq (%) calculated using the following formula: {((Cu% x Cu price 1% per tonne x Cu recovery) + (Au(g/t) x Au price per g/t x Au recovery) + (Mo ppm x Mo price per g/t x Mo recovery) + Ag ppm x Ag price per g/t x Ag recovery)) / (Cu price 1% per tonne x Cu recovery)}. • CuEq (%): Cu (%) + (0.54 x Au (g/t)) + (0.00037 x Mo (ppm)) + (0.0063 x Ag (ppm)). • It is the Company’s opinion that all elements included in the metal equivalents have a reasonable potential to be recovered and sold. Appendix 2 Competent Persons’ Statements The information in this announcement that relates to Exploration Results is based on information compiled by Mr Maxwell Donald Tuesley, BSc (Hons) Economic Geology, MAusIMM (No 111470). Mr Tuesley is a member of the Australian Institute of Mining and Metallurgy and is a shareholder and Director of the Company. Mr Tuesley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data that materially affects the historical exploration results included in the relevant market announcement . The information in this announcement that relates to Geophysical Results is based on information compiled by Nigel Cantwell. Mr Cantwell is a Member of the Australian Institute of Geoscientists (AIG) and the Australian Society of Exploration Geophysics (ASEG). Mr Cantwell is a consultant to Culpeo Minerals Limited. Mr Cantwell has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources & Ore Reserves. The Company confirms that it is not aware of any new information or data that materially affects the historical geophysical results included in the relevant market announcement . References Slide 3: (1) ASX announcement 10 July 2024. Slide 6: (1) ASX announcement 2 May 2022; (2) ASX announcement 11 May 2022. (3) ASX announcement 6 June 2022; (4) ASX announcement 20 June 2022; (5) ASX announcement 6 September 2022; (6) ASX announcement 19 July 2022; (7) ASX announcement 23 November 2022; (8) ASX announcement 16 January 2023; (9) ASX announcement 10 July 2024. Slide 7: (1) ASX announcement 23 August 2022; (2) ASX announcement 18 May 2022. Slide 8: (1) ASX announcement 31 August 2022; (2) ASX announcement 8 March 2023; (3) ASX announcement 10 July 2024. Slide 9: (1) ASX announcement 7 August 2023; (2) ASX announcement 11 September 2023; (3) ASX announcement 1 November 2023; (4) ASX announcement 12 December 2023; (5) ASX announcement 21 November 2023; (6) ASX announcement 4 January 2024; (7) ASX announcement 17 January 2024; (8) ASX announcement 29 February 2024. Slide 10: (1) ASX announcement 17 January 2024; (2) ASX announcement 11 September 2023; (3) The historic mine production records are based on previous explorer’s reports and has not been verified by the Company and are not JORC compliant (ASX announcement 11 September 2023); (4) ASX announcement 17 January 2024; (5) ASX announcement 11 September 2023; (6) ASX announcement 1 November 2023; (7) ASX announcement 12 December 2023; (8) ASX announcement 17 January 2024; (9) ASX announcement 29 February 2024; (10) ASX announcement 18 March 2024; (11) ASX Announcement 9 April 2024; (12) ASX Announcement 14 May 2024. Slide 11: (1) ASX announcement 4 January 2024. CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 17 Appendix 3 Earn In Schedules Lana Corina 1 2 3 4 5 Time (months from signing) Signing 12 24 36 60 Fortuna 1 2 3 4 5 Time (months from signing) 12 24 36 48 60 Cash payment (US$) CPO Share Payment (US$) 100,000 150,000 250,000 800,000 1,650,000 Cash Payment (US$) 120,000 120,000 120,000 120,000 120,000 CULPEO MINERALS ASX:CPO | OTCQB:CPORF 750,000 1,000,000 Comment Work Commitment N/A Complete US$1M expenditure Complete US$1M expenditure N/A N/A Work Commitment Paid Monthly (@USD10k per month) Stage Acquisition Interest 0% 20% 30% 15% 15% Aggregate Culpeo Interest Stage Acquisition Interest 80% Aggregate Culpeo Interest 0% 20% 50% 65% 80% 80% Complete US$1.5M expenditure (can include Lana Corina) INVESTOR PRESENTATION 18 SUPPLY PIPELINE LACKS HIGH QUALITY, LARGE SCALE PROJECTS COMMITTED COPPER MINE SUPPLY FORECAST1 MT Australasia Asia WEAK STRONG COPPER S T RO NG O U T LOOK INTEGRAL TO ELECTRONICS AND ELECTRIFICATION COPPER IS SET TO PLAY A CRITICAL ROLE IN THE MOVE TO A ZERO EMISSIONS ECONOMY Africa ACCELERATION OF ELECTRIFICATION DRIVING SIGNIFICANT MARKET DEFICIT Europe DEMAND South America North America GROWING SUPPLY GAP 20 ANY CHINESE STIMULUS TO ACCELERATE DEMAND SUSTAINED COPPER PRICE RALLY UNDERWAY 10 0 2025 2035 1. Source: Cru, Wood Mackenzie, Macquarie CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 19 Disclaimer The Company intends to undertake an offer (the “Offer”) of its ordinary shares (the “New Shares”) that involves a placement to institutional and professional investors in several countries. Canada This document constitutes an offering of New Shares only in the Provinces of British Columbia and Ontario (the “Provinces”), only to persons to whom New Shares may be lawfully distributed in the Provinces, and only by persons permitted to sell such securities. This document is not a prospectus, an advertisement or a public offering of securities in the Provinces. This document may only be distributed in the Provinces to persons that are “accredited investors” within the meaning of National Instrument 45-106 – Prospectus Exemptions, of the Canadian Securities Administrators. No securities commission or authority in the Provinces has reviewed or in any way passed upon this document, the merits of the New Shares or the offering of New Shares and any representation to the contrary is an offence. No prospectus has been, or will be, filed in the Provinces with respect to the offering of New Shares or the resale of such securities. Any person in the Provinces lawfully participating in the offer will not receive the information, legal rights or protections that would be afforded had a prospectus been filed and receipted by the securities regulator in the applicable Province. Furthermore, any resale of the New Shares in the Provinces must be made in accordance with applicable Canadian securities laws. While such resale restrictions generally do not apply to a first trade in a security of a foreign, non-Canadian reporting issuer that is made through an exchange or market outside Canada, Canadian purchasers should seek legal advice prior to any resale of the New Shares. The Company as well as its directors and officers may be located outside Canada and, as a result, it may not be possible for purchasers to effect service of process within Canada upon the Company or its directors or officers. All or a substantial portion of the assets of the Company and such persons may be located outside Canada and, as a result, it may not be possible to satisfy a judgment against the Company or such persons in Canada or to enforce a judgment obtained in Canadian courts against the Company or such persons outside Canada. Any financial information contained in this document has been prepared in accordance with Australian Accounting Standards and also comply with International Financial Reporting Standards and interpretations issued by the International Accounting Standards Board. Unless stated otherwise, all dollar amounts contained in this document are in Australian dollars. Statutory rights of action for damages and rescission. Securities legislation in certain Provinces may provide a purchaser with remedies for rescission or damages if an offering memorandum contains a misrepresentation, provided the remedies for rescission or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser’s Province. A purchaser may refer to any applicable provision of the securities legislation of the purchaser’s Province for particulars of these rights or consult with a legal adviser. Certain Canadian income tax considerations. Prospective purchasers of the New Shares should consult their own tax adviser with respect to any taxes payable in connection with the acquisition, holding or disposition of the New Shares as there are Canadian tax implications for investors in the Provinces. Language of documents in Canada. Upon receipt of this document, each investor in Canada hereby confirms that it has expressly requested that all documents evidencing or relating in any way to the sale of the New Shares (including for greater certainty any purchase confirmation or any notice) be drawn up in the English language only. Par la réception de ce document, chaque investisseur canadien confirme par les présentes qu’il a expressément exigé que tous les documents faisant foi ou se rapportant de quelque manière que ce soit à la vente des valeurs mobilières décrites aux présentes (incluant, pour plus de certitude, toute confirmation d’achat ou tout avis) soient rédigés en anglais seulement. European Union (excluding Austria) This document has not been, and will not be, registered with or approved by any securities regulator in the European Union. Accordingly, this document may not be made available, nor may the New Shares be offered for sale, in the European Union except in circumstances that do not require a prospectus under Article 1(4) of Regulation (EU) 2017/1129 of the European Parliament and the Council of the European Union (the “Prospectus Regulation”). In accordance with Article 1(4)(a) of the Prospectus Regulation, an offer of New Shares in the European Union is limited to persons who are “qualified investors” (as defined in Article 2(e) of the Prospectus Regulation). Hong Kong WARNING: This document has not been, and will not be, registered as a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong, nor has it been authorised by the Securities and Futures Commission in Hong Kong pursuant to the Securities and Futures Ordinance (Cap. 571) of the Laws of Hong Kong (the “SFO”). Accordingly, this document may not be distributed, and the New Shares may not be offered or sold, in Hong Kong other than to “professional investors” (as defined in the SFO and any rules made under that ordinance). No advertisement, invitation or document relating to the New Shares has been or will be issued, or has been or will be in the possession of any person for the purpose of issue, in Hong Kong or elsewhere that is directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to New Shares that are or are intended to be disposed of only to persons outside Hong Kong or only to professional investors. No person allotted New Shares may sell, or offer to sell, such securities in circumstances that amount to an offer to the public in Hong Kong within six months following the date of issue of such securities. The contents of this document have not been reviewed by any Hong Kong regulatory authority. You are advised to exercise caution in relation to the offer. If you are in doubt about any contents of this document, you should obtain independent professional advice. CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 20 Disclaimer New Zealand This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (New Zealand) (the “FMC Act”). The New Shares are not being offered or sold in New Zealand (or allotted with a view to being offered for sale in New Zealand) other than to a person who: • is an investment business within the meaning of clause 37 of Schedule 1 of the FMC Act; • meets the investment activity criteria specified in clause 38 of Schedule 1 of the FMC Act; • is large within the meaning of clause 39 of Schedule 1 of the FMC Act; • is a government agency within the meaning of clause 40 of Schedule 1 of the FMC Act; or • is an eligible investor within the meaning of clause 41 of Schedule 1 of the FMC Act Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in connection with the offer or sale, or invitation for subscription or purchase, of New Shares, may not be issued, circulated or distributed, nor may the New Shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore except pursuant to and in accordance with exemptions in Subdivision (4) Division 1, Part 13 of the Securities and Futures Act 2001 of Singapore (the “SFA”) or another exemption under the SFA. This document has been given to you on the basis that you are an “institutional investor” or an “accredited investor” (as such terms are defined in the SFA). If you are not such an investor, please return this document immediately. You may not forward or circulate this document to any other person in Singapore. Any offer is not made to you with a view to the New Shares being subsequently offered for sale to any other party in Singapore. On-sale restrictions in Singapore may be applicable to investors who acquire New Shares. As such, investors are advised to acquaint themselves with the SFA provisions relating to resale restrictions in Singapore and comply accordingly. Switzerland The New Shares may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange or on any other stock exchange or regulated trading facility in Switzerland. Neither this document nor any other offering or marketing material relating to the New Shares constitutes a prospectus or a similar notice, as such terms are understood under art. 35 of the Swiss Financial Services Act or the listing rules of any stock exchange or regulated trading facility in Switzerland. No offering or marketing material relating to the New Shares has been, nor will be, filed with or approved by any Swiss regulatory authority or authorised review body. In particular, this document will not be filed with, and the offer of New Shares will not be supervised by, the Swiss Financial Market Supervisory Authority (FINMA). Neither this do