LOS HELADOS 2.0 - THE QUEST FOR HIGH-GRADE

A strategic asset in an emerging copper district

A Lundin Group Company

MARCH, 2022

NO GUTS

NO GLORY

TSXV: NGEX

www.ngexminerals.com

NGEX MINERALS

COMPANY PROFILE

South American

Key Project - Los Helados (64% interest)

Advanced

Current Indicated Resource* of:

» 17.6 Billion lbs Copper

Exploration

» 10 million oz Gold

Company

» 92 million oz Silver

SHARE OWNERSHIP

2.50%

35.70%

CAPITAL STRUCTURE

NGEX

TSX VENTURE

$2.76

Share Price (CAD)

156.7M

Issued & Outstanding Shares

$430M

Market Cap. (CAD)

$2.76/$.52

52 week high/low (CAD)

current slide data as of Mar 01, 2022

2022 CATALYSTS

Valle Ancho drill results - Q2

Los Helados drill results - Q2-Q3

Helados Resource Update Q4

Helados metallurgical update Q4

2.34%

Institutions

Insiders

Lundin Trusts

*Technical Report on the Los Helados Porphyry Copper-GoldDeposit Chile" dated August 26, 2019, with an effective date of May 27, 2017 www.sedar.com

Slide 2

NGEX Minerals Ltd | Corporate Presentation

BACKGROUND

2009

Market Cap ~$40million

3 early stage Exploration Projects

2021

2016

2019

2019

Market Cap

Mar 01, 2022

$1.9bn

$700mm

$430mm

Stages

PFS + Recent

FS +

Exploration

exploration

Pathway to

Los Helados

success

construction

resource extension

BHP Investment

Lundin Mining

drilling +

transaction

Valle Ancho

TSXV: NGEX

LONG HISTORY OF VALUE CREATION

Los Helados

  • One of the world's largest undeveloped copper projects- #11
  • 10 million ounces gold;
  • 92 million ounces silver
  • A key deposit in the Vicuña District

Valle Ancho

  • Large, high potential copper-gold exploration project

Well Funded

  • $25M financing @$0.80; October 2021

Strong track record

  • NGEX team's copper discoveries have created market value of >$3 billion

Slide 3 NGEX Minerals Ltd | Corporate Presentation

VICUÑA

A MAJOR NEW COPPER DISTRICT

controlled by Lundin Group companies

4

NGEX Minerals Ltd | Corporate Presentation

GIANT METAL DISTRICTS ARE UNIQUE & COMPLEX BUT MOST SHARE 3 SIMPLE GIANT CHARACTERISTICS:

1 2

Scale Clusters

3

Ore Structures

Big systems- typically outsized for their deposit class

They commonly offer a regional cluster of giant ore deposits

Big, long-life faults

Vicuña is an emerging super giant..

Slide 5 NGEX Minerals Ltd | Corporate Presentation

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NGEx Minerals Ltd. published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2022 01:18:02 UTC.