Overview

Santa Cecilia - DRILLING FOR DISCOVERY
Gold-Copper Project

• Immediately adjacent to Newmont/Barrick’s Norte Abierto project in the Maricunga belt (4th largest undeveloped gold project, globally*)
• Torq successfully drilled higher grade mineralization in second drill hole of its inaugural program, intersecting 557 m of 0.38 g/t gold,0.23% copper and 56 ppm molybdenum¹
  - Historical intercept: 925 m of 0.21 g/t Au, 0.27% Cu and 82 ppm Mo¹
• Multiple undrilled mineralized porphyry targets within 1.5 km of Caspiche

Margarita - DISCOVERY UNDERWAY
Iron-Oxide-Copper-Gold Project

• Located 65 km from Copiapo in a world-class IOCG belt
• Greenfields IOCG discovery in 2022 (Falla 13): 90 m of 0.94% copper and 0.84 g/t gold² and 98 m of 0.94 g/t gold and 0.68% copper³
• Two new discoveries in 2023:
  42 m of 1.11 g/t Au, 0.48% Cu³ on new, parallel structure 200 m west of initial Falla 13 discovery
  132 m of 0.48% Cu⁴ in oxide mineralization at Cototuda target

*Source: The Northern Miner
1 Intervals are selected using AuEQ grade*thickness no less than 1.0g/t*m with average interval grade no less than 0.2g/t, maximum consecutive dilution 4m
2 Intervals - no less than 5m of >= 0.2 % Cu, maximum consecutive dilution 6m
3 Intervals - no less than 5m of >= 0.1 g/t Au, maximum consecutive dilution 6m
4 Main interval - No less than 5m of >= 0.1 % Cu, maximum consecutive dilution 8m