Auxico Resources Canada : CORPORATE PRESENTATION JANUARY 2023

CSE: AUAG - Corporate Presentation Q1 2023

DISCLAIMER - Forward Looking Information

This presentation, the information contained herein, any other materials provided in connection with this presentation and any oral remarks accompanying this presentation (collectively, the "Presentation"), have been prepared by Auxico Resources Canada Inc. ("AUXICO" or the "Company") solely for information purposes. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This Presentation does not constitute an offering of securities and the information contained herein is subject to the information contained in the Company's continuous disclosure documents available under the Company's profle on www.SEDAR.com.0

The following presentation contains data provided to AUXICO. As such, the Company has taken all reasonable care in reproducing the information herein. Material in this presentation may contain technical or other inaccuracies, omissions, or typographical errors, for which the Company. assumes no responsibility. The Company does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information in this presentation. Under no circumstances, including, but not limited to, negligence, shall the Company be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profts, whether or not advised of the possibility of damage, arising from the use, or inability to use, the material in this presentation. The information presented herein is not a substitute for independent professional advice before making investment decisions.

This Presentation contains "forward-looking information" within the meaning of applicable Canadian securities legislation or "forward-looking statements" within the meaning of applicable United States securities legislation (collectively, "forward-looking statements"). The forward-looking statements herein refect management's expectations regarding the future growth, results of operations, performance and business prospects and opportunities of AUXICO. Such forward-looking statements may include, but are not limited to, statements with respect to the future outlook of the Company, business plans and strategies, proposed exploration plans, future commodity prices; success of exploration activities; results of any Technical Report, the characteristics and potential of the Company's projects, completion of any recommended work programs or expansions and any timing thereof, and working capital. This presentation may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Often, but not always, forward-looking statements can be identifed by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations (including negative and grammatical variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: general business, economic, competitive, political and social uncertainties; uncertainties arising from the COVID-19 outbreak; the actual results of current exploration activities; conclusions of economic evaluations; fuctuations in currency exchange rates; changes in project parameters as plans continue to be refned; changes in labour costs or other costs; future prices of commodities or metal prices; possible variations of mineral grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, equipment breakdown, employee sickness and acts of God or other unfavourable operating conditions and losses; delays caused due to a breakdown in relations with various local indigenous nations or on whose traditional territory where projects are located; delays in obtaining governmental approvals, project fnancing or in the completion of exploration activities; and the factors discussed in the section entitled "Risk Factors" in this Presentation. Readers are cautioned that the foregoing list of factors and those contained elsewhere in this Presentation are not exhaustive.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this Presentation and AUXICO disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.0

Mineral Resource Estimates and Technical Report, Qualifed Person

In accordance with applicable Canadian securities regulatory requirements, unless otherwise stated, all current mineral resource estimates of the Company disclosed in this Presentation have been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), classifed in accordance with Canadian Institute of Mining Metallurgy and Petroleum's CIM's Defnition Standards for Mineral Resources & Mineral Reserves, Pursuant to the CIM Guidelines, mineral resources have a higher degree of uncertainty than mineral reserves as to their existence as well as their economic and legal feasibility. Inferred mineral resources, when compared with measured or indicated mineral resources, have the least certainty as to their existence, and it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to an indicated or measured mineral resource as a result of continued exploration. Accordingly, readers are cautioned not to assume that all or any part of a mineral resource exists, will ever be converted into a mineral reserve, or is or will ever be economically or legally mineable or recovered. Unless stated otherwise herein, all scientifc and technical data contained in this presentation has been reviewed, approved and verifed by Jorge Cruz Martin, who is a Qualifed Person for the purposes of the Technical Report NI 43-101, an independent consultant to AUXICO.

CSE: AUAG

CORPORATE PRESENTATION Q1 2023

WWW.AUXICORESOURCES.COM

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THE COMPANY - Critical Resource Deposits Poised For Growth

AUXICO RESOURCES CANADA INC., CSE: AUAG, ("AUXICO" or the "Company) is a Canadian company founded in 2014, focused on the production of critical minerals and high-valuemetals , including niobium, tantalum, platinum group metals (such as platinum and iridium), and rare earth elements. The Company is the exclusive trade agent for rare earth concentrates from the Democratic Republic of Congo (DRC) with Central America Nickel (CAN), containing rare earths used as permanent magnet materials and including neodymium, praseodymium, dysprosium, terbium and gadolinium. The Company owns directly or through joint ventures, mineral rights in Colombia, Bolivia, and Brazil. 0

The Company is positioned to be a major supplier of critical minerals and rare earth elements, with access to close to 4 million tonnes of such minerals - one of the largest deposits outside of China. 0

This includes ±1 million metric tonnes (MMT) of rare earths and other critical metals such as coltan in Colombia, ±1 MMT of rare earths in Brazil, ±1 MMT of rare earths and critical minerals in the DRC, ±1 MMT of critical minerals in Bolivia, collectively with rare earth (RE) concentrates containing in average a total rare earth oxide (TREO) content in excess of 54-63%. 0

The Company has licensed a technology called the Ultrasound Assisted Extraction (UAEx), which has been proven successful at recovering rare earths (84%+ recoveries in solution), as well as other critical minerals.

D.R.C

COLOMBIA

BRAZIL

BOLIVIA

CSE: AUAG

CORPORATE PRESENTATION Q1 2023

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INVESTMENT HIGHLIGHTS

BRAZIL

AUXICO has signed a JV agreement with Cooperativa Estanifera de Mineradores da Amazonia Legal Ltda ("CEMAL"), for the development of the Massangana tin tailings project with estimated 30,000,000 tonnes of tailings. A production plan has been established for 750,000 tonnes per year ("tpy") of tin tailings to produce tin, ilmenite, zircon, columbite and rare earths (±737,000 MT). Auxico signed an off-take agreement with Cuex Metal AG for 3,600 tpy of tin.0

COLOMBIA

An NI-43101 report on the Company-controlled Minastyc property exhibits samples of total rare earth oxides concentrates grading 68.25% and 65.57%, and surface discovery of high-grade gold, platinum, titanium, zirconium, hafnium and iridium. The National Mining Agency of Colombia (ANM) has granted a mining permit for the Minastyc Property. AUXICO has entered into an agreement for trading of tin through a JV with Gracor SAS, averaging 65% tin content, representative of a potential $1M in monthly revenues once scaled to 100 tonnes per month.0

DRC

Auxico signed a sales agency agreement for the trading of non- radioactive rare earth concentrates from the DRC which represents a sustainable revenue stream. A cumulative quantity of 720 tonnes of rare earth concentrates were sold as of September 2022, according to a 5-year off-takeagreement for a minimum amount of 18,000 tonnes of concentrates during the term i.e. 300 tonnes per month ("tpm"). A total of US$570,000 has been generated across 4 trades (15% trading commissions from US$3.8M sales), to be scaled to 1,000 tpm, representative ~US$10.8M in annual Auxico revenues. Auxico signed a 10-year off-takeagreement with Lasell Company Ltd. for a supply of up to 1,000 tpm of tantalum ore (30% Ta2O5 content).

PATENTED ENVIRONMENTALLY-FRIENDLY ULTRASOUND TECHNOLOGY (UAEX) IS VERY EFFECTIVE ON HIGH-VALUE RARE EARTH SAMPLES, ACHIEVING +84% RECOVERIES OF SELECT RARE EARTH ELEMENTS OVER A 2-HOUR LEACHING TIME, AS DISPLAYED IN THE DEPOSIT SAMPLES ACCESSIBLE FROM AUXICO'S PORTFOLIO OF PROPERTIES

	Brazil	DR Congo	Colombia	Bolivia	Average
Symbol	UAEx
Grade (%)	Grade (%)	Grade (%)	Grade (%)
	Recovery (%)
CeO2	35.90	31.61	31.09	20.86	85.72
Dy2O3	0.28	0.09	0.72	0.49	86.63
Gd2O3	0.17	0.73	0.75	4.68	87.47
La2O3	15.17	9.41	9.40	5.49	85.41
Nd2O3	9.04	12.34	9.49	10.77	84.74
Pr6O11	0.89	2.58	2.44	1.57	85.94
Sm2O3	0.90	1.99	1.81	8.66	86.02
Y2O3	1.14	0.49	0.50	1.63	76.26
Total RE (%)	63.49	59.24	56.20	54.15	84.77

CSE: AUAG

CORPORATE PRESENTATION Q1 2023

WWW.AUXICORESOURCES.COM

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TIMELINE - Developments on the Path to Leading Rare Earth and Critical Minerals Supply

Q1 2022

Q2 2022

Q3 2022

Q4 2022

Q1 2023

Q2 2023

MOU signed for tin tailings project in Brazil

NI 43 101 Minastyc Property

Permitting process Colombia

Successful precipitation of thorium from REE

Sale of 96 tonnes of REE: Auxico becomes ofcial trader out of Congo

Production Permit Approval for Minastyc Property

JV Agreement signed with CEMAL for Brazil Massangana tailing project

OTCQB uplisting & DTC eligibility

Signed of-take with Lasell for 1,000 tpm Ta

Sale of 192 tonnes of REE from DRC

Signed of-take agreement with Cuex for 3,600 tpy tin

Sale of 432 tonnes of REE from DRC

Signed tin trading agreement with Gracor

LSE listing process

*OTCQB: mid-tier U.S. based OTC venture equity market0

*LSE: London Stock Exchange

Evaluation of Brazil plant construction for production of tin, zirconium, ilmenite, niobium, REE

Evaluation of other potential targets and surface exploration

CSE: AUAG

CORPORATE PRESENTATION Q1 2023

WWW.AUXICORESOURCES.COM

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