Regulus Resources : Corporate Presentation - February 2025

REG.V

The AntaKori Copper-Gold Project

A World-Class Brownfield Opportunity

TSX.V: REG

OTCQX: RGLSF

February 2025

WHATOUR STRATEGYIS OUR LONG-TERM STRATEGY?

Management With A Clear Business Model And Successful Track Record

1

2

3

Monetize By

Acquire Mineral

Add Value by

The Team's Companies

Resources with

Expanding Resource &

Selling to a

Overlooked Potential

Project De-Risking

Major Mining Co.

& Key Projects

Antares Minerals

Haquira Cu-Mo Project

Regulus Resources

AntaKori Cu-Au Project

Aldebaran Resources

Altar Cu-Au Project

2005

Acquired for US$15 from Phelps Dodge

2014

Acquired via merger with

Southern Legacy

2018

Spin out of REG's Argentina

assets and JV earn-in on the Altar Cu-Au Project

2005-2010

C$45 M spent on

exploration through

to PEA

2014 - Present

Land agreements

established + extensive drilling + strategic partnerships

2019 - Present

Large resource in hand, being expanded through exploration + development

2010

Sold to First Quantum

Minerals for

C$650+ M

Watch Here

Watch Here

TSX.V: REG OTCQX: RGLSF

3

INVESTMENTWHY REGULUSHIGHLIGHTSRESOURCES?

AntaKori Is A High-Grade, Low Strip Project In An Established Mining District

DELIVERING A

COPPER PROJECT

AT THE RIGHT TIME

PROVEN

STRATEGY

Identify

Underexplored

Asset

Grow Resource

MonetizeThrough

Exploration

De-Risk Asset

QUALITY

PARTNERS

TSX.V: REG OTCQX: RGLSF *see details of resource estimate on slide 25 of this presentation

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WHOWHOAREAREWE?

Regulus's Core Management Team Has A Track Record Of Success

Aldebaran's Core Management Team Has A Track Record Of Success

REGULUS RESOURCES' SENIOR MANAGEMENT

ALIGNED WITH SHAREHOLDERS AND EXPERIENCED IN PERU

John E. Black,

B.Sc., M.Sc.,

Chief Executive Officer & Director

Dr. Kevin B. Heather,

B.Sc. (Hons), M.Sc., Ph.D.

Chief Geological Officer

Mark Wayne,

LLB, CFA

Chief Financial Officer & Director

Fernando Pickmann,

LLM

President, COO & Director

CAPITALWHAT ISSTRUCTURETHE CAPITAL STRUCTURE?

A Tightly-Held Junior With Strong And Strategic Partners

SHARE OWNERSHIP

Management & Board Other

21.81%

51.05%

16.11%

11.03%

TSX.V: REG OTCQX: RGLSF

CAPITAL STRUCTURE

Ticker (TSX.V)

REG

Ticker (BVL)

REG

Ticker (OTCQX)

RGLSF

Shares issued

124,658,818

Fully diluted

135,933,818

Share price

C$2.05

(Feb 24, 2025)

Market

C$255.6 M

capitalization

Current cash

~C$14.9 M

position (as of Jun 30)

ANALYST COVERAGE

David Davidson

SHARE PRICE PERFORMANCE

One of the Best Performing Copper Juniors in the Last 12 Months

Last 12 Months

$3.00

Trilogy

253%

Aldebaran

194%

Regulus

128%

NGEx

63%

Arizona Sonoran

61%

Copper Fox

59%

Marimaca

56%

($C)

Faraday

47%

Price

Solaris

34%

Share

Alta

32%

Copper Spot

7%

SolGold

0%

Western Cu & Au

(3%)

Oroco

(24%)

Arizona Metals

(24%)

Hot Chili

(26%)

Los Andes

(32%)

$2.50

$2.00

$1.50

$1.00

$0.50

Regulus Consolidates

100% Ownership of the

Colquirrumi Claims

Regulus Signs Collaboration Agreement with Compania Minera Coimolache S.A. to Evaluate the Integrated Coimolache Sulphides/AntaKori Copper-Gold Project

$0.00

TSX.V: REG OTCQX: RGLSF

23/10/2024

23/11/2024

23/12/2024

23/01/2025

23/02/202

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Notes: Selection of copper-focused juniors with market caps ~ or > C$100 million. Data from February 24th, 2025. Taken from FactSet.

23/02/2024

23/03/2024

23/04/2024

23/05/2024

23/06/2024

23/07/2024

23/08/2024

23/09/2024

WHEREHEREISISTHETHEANTAKORIANTAKORIPROJECT?PROJECT?

Located In A Well-Established Mining District In A Major Copper Producing Country

TSX.V: REG OTCQX: RGLSF

TOP GLOBAL COPPER-GOLD PRODUCER Peru is the second largest copper producing country in the world and largest gold producer in South America.

GEOLOGICALLY WELL-ENDOWED

The region is geologically well endowed with large copper and gold projects and operations including Yanacocha, Michiquillay, La Granja, Antamina, Cerro Corona, and Tantahuatay.

EXCELLENT INFRASTRUCTURE

There is existing infrastructure in the region from current mining operations including ports, power and water.

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WHATHATISISTHETHEDISTRICTDISTRICTSETTING?SETTING?

AntaKori Is Strategically Located Adjacent To Two Operating Mines

TANTAHUATAY MINE

• Oxide, heap leach gold mine operated by Coimolache (JV between Buenaventura, Southern Copper and ESPRO)

• Mine projected to stop mining oxides in 20271

• Beneath oxide mineralization is a significant copper-gold sulphide deposit of which a portion fall on Tantahuatay's property, and a portion falls on Regulus' property

• Transition to a sulphide mine needs to occur for Tantahuatay to avoid complete closure of the mine

• A properly scaled sulphide project would involve both Tantahuatay and AntaKori ("TantaKori")

CERRO CORONA MINE

• Sulphide mine with 20,000 tpd concentrator operated by Gold Fields, produces copper and gold

• Running out of tailings space in 2025 and will start milling low grade stockpile which will last until 20302

• Need to find or acquire more ore to avoid closure

(1) Per SEC Technical Report Summary Pre-Feasibility Study Coimolache Department of Cajamarca, Peru

(2) Per SNL Financial

TSX.V: REG OTCQX: RGLSF

9

WHATHATISISTHETHEANTAKORIANTAKORIPROJECT?PROJECT?

AntaKori Represents A Portion Of A World-Class Copper-Gold Deposit

3D map looking to northwest

Tantahuatay Oxide Mine

Tantahuatay

Sulphides

AntaKori

Sulphides

Exploration

AntaKori - Brownfield Exploration

• 100% owned by Regulus

• Significant resource calculated in 2019

High-grade near surface

Regulus and Coimolache utilized a data

sharing agreement where Regulus was

Tantahuatay Sulphides

2019 Regulus Conceptual Pit

2019 "In-Pit"

Resource Blocks

(Reported)

(2)

able to lay back onto Coimolache ground

with a conceptual pit for resource

purposes

AntaKori and Tantahuatay Sulphides are adjacent to one another and together form the TantaKori Deposit.

TSX.V: REG OTCQX: RGLSF

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Disclaimer

Regulus Resources Inc. published this content on February 26, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 26, 2025 at 20:33:09.556.