Corporate Presentation

Disclaimer

The information contained in this presentation is provided by Pasinex Resources Limited. (“Pasinex”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Pasinex or other financial products. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this presentation reflect those of the individual presenters, and are provided for information purposes only. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Pasinex nor its directors officers, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. Except for statements of historical fact, this presentation contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, planned expenditures, proposed exploration and development at the the Horzum Mine and the Gunman Project. Pasinex undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.

This presentation includes industry, market and competitive position data from industry journals and publications, data on websites maintained by private and public entities, including independent industry associations, general publications and other publicly available information. Pasinex believes that all of these sources are reliable, but we have not independently verified any of this information and cannot guarantee its accuracy or completeness. Industry publications and surveys generally state that they have obtained information from sources believed to be reliable, but do not guarantee the accuracy and completeness of such information. Further, because certain of these organizations are industry organizations, they may present information in a manner that is more favorable to the industry than would be presented by an independent source. In addition, forecasts are often inaccurate, especially over long periods of time. References in this presentation to research reports or articles should not be construed as depicting the complete findings of the entire referenced report or article. The information in each report or article is not incorporated by reference into this presentation.

Investors are advised to refer to additional information including quarterly Financial and Management Discussion and Analysis (MD&A) which is available here: https://pasinex.com/investors/financial-statements/.

Why Invest in Pasinex

• Proven Zinc Producer: High-grade zinc mining with over $125,000,000 CAD in revenue and strong margins.
• Growth Potential: Expanding assets in Türkiye and the U.S. with high-grade zinc deposits.
• Experienced Leadership: Led by industry experts with deep mining and operational expertise.
• Strategic Locations: Proximity to key markets and infrastructure supports efficient logistics.

About Pasinex

Pasinex Resources Limited (“Pasinex”) is listed on the Frankfurt Stock Exchange (FSE) as PNX and on the Canadian Stock Exchange (CSE) as PSE.

Pasinex has developed strong operational capabilities in Exploration, Mining, Commercial Sales, Transportation, Logistics, Health & Safety Management, Environmental Stewardship, Employee Training, Community and Government Relations, Corporate and Operations Management, Public Company Reporting and Securities Management, in both Türkiye and Canada.

Pasinex enjoys a solid reputation in Türkiye, particularly with government, local communities, employees, and the broader mining and exploration sectors, providing significant opportunities for advancement. Pasinex is highly trusted and benefits from an outstanding geological team led by Aydin Sen, General and Exploration Manager, supported by Thalex Geological Services, which boasts a team of approximately 15 geologists in Türkiye.

Pasinex Management & Board

Board of Directors

Dr. Larry Seeley
Executive Chairman

Joachim Rainer
Director

Jonathan Challis
Director and Chair of Pasinex AS

Ian D. Atacan CPA, CMA, MBA
Director, Corporate Secretary and CFO

Pasinex – Canada

Dr. Larry Seeley
Executive Chairman

Ian D. Atacan
Director, Corporate Secretary and CFO

Evan White
Manager, Corporate Communications

Pasinex – Türkiye

Aydin Sen, MSc.
Geologist, General Manager and Exploration Manager

Ozlem Altunal
Financial Manager

Pasinex – Corporate Overview

Stock Listings

Canadian Stock Exchange (CSE): PSE
Frankfurt Stock Exchange (FSE): PNX

Capital Structure
Shares Outstanding: 144.5M
Options Outstanding: 10.5M
Debt-Free Capital Structure: No outstanding warrants, strong financial positioning

Pasinex – Current Production and Exploration

Türkiye – Pinargozu Zinc Mine (50% JV, Target 100%)

• High-Grade Production: 48-50% Zinc Sulphide, 30-35% Zinc Carbonate.
• Strategic Expansion: Plans for deeper exploration and increased production.
• Revenue-Generating Asset: Over 200,000 tonnes mined since 2015.

Türkiye – Akkaya Zinc License (100% Ownership)

• Adjacent to Pinargozu: Potential for similar high-grade deposits.
• Under explored Region: Significant upside for future discoveries.

Türkiye – Sarikaya Zinc Project (100% Ownership)

• High-Grade Zinc-Lead Deposits: 30-40% Zinc-Lead Sulphide.
• Infrastructure-Ready: Near roads, power, and transportation hubs.
• Exploration Underway: Strong indications of additional mineralization.

United States – Gunman Zinc Project (51% Ownership, Target 100%)

• Rich Zinc & Silver Deposits: 14-26% Zinc Oxide & Sulphide.
• Ongoing Drilling Program: Expansion potential with financing.

Pasinex Projects

Pasinex Resources Ltd. has Zinc Projects on two continents

Türkiye

Pinargozu Zinc Mine (Mining & Exploration): High Grade Zinc Sulphide (48-50% Zinc) and Zinc Carbonate (30-35% Zinc) Production & Exploration at Pinargozu Zinc Mine in Adana Province in Türkiye 50/50 JV. (Target 100% ownership).

Sarıkaya Zinc Project (Mining & Exploration): High Grade Zinc – Lead Sulphide (30-40% Zinc + Lead) and Zinc-Lead Carbonate (>25% Zinc + Lead) at Sarikaya License in Kayseri Province in Türkiye (100% ownership).

Akkaya Zinc License (Exploration): High Grade Zinc Sulphide and Carbonate at Akkaya Zinc License similar to the adjacent Pinargozu Mine. (100% ownership).

Exploration: 4 Potential Acquisitions of High Grade Zinc Properties in Türkiye of 30 to 40% Zinc are being assessed with each having both near term production and significant exploration potential. Our objective is to have 100% ownership with effective financing.

United States

Gunman License (Exploration): High Grade Zinc Oxide (14 – 23% Zinc) with Zinc Sulphide at Depth at Gunman License in White Pine County, Nevada. (51% ownership, target 100% ownership).

Pinargozu

High Grade Zinc Mine Adana/Türkiye (Average grade zinc sulphide: 49% Zn)

• Multiphase mineralization resulted extraordinary high-grade Pinargozu deposit. Mineralization formed from typical CRD (Carbonate Replacement Deposit) processes. Pasinex owns 50% of the Pinargozu an exceptionally high-grade zinc (48-52%) mine near Adana, Türkiye.
• Pinargozu has been producing Direct Shipping Ore since 2015 and over 200,000 tons of average over 40% Zn carbonate and Zn sulphide.
• Pinargozu mine is close to Adana (population over 2.2 million) under a 2-hour drive.
• Under 2.5 hour drive from mine to Port of Mersin connects to international zinc market of purchasers.
• Great Infrastructure enables to ramp up quickly to production.

Pinargozu

Proven Experience in Mining & Exploring Zinc

From 2015 to 2024:

• Over 200,000 tonnes of Zinc Product Material was mined and sold at Grades of 30 to 35% for Zinc Carbonate and 48 to 50% for Zinc Sulphide.
• Over 150,000,000 lbs of Zinc were produced and sold.
• Revenue was over $125,000,000 CAD and Gross Margins between 34% and 72% for all years except 2020 and Cumulative EBITDA was over $44,000,000.
• Exploration Drilling was 98,679 meters in 858 holes.
• Adit Development for Production and Exploration was over 17,501 meters.

Pinargozu – What is Next?

High Grade Zinc Detected in Deeper Portion-18 Months Plan

• Mining in Pinargozu is currently carried out at the 520 meter level. Exploration drilling has identified high grade zinc sulphide mineralization approximates 100 meters below the deepest currently mined level. Drill signatures for this mineralization is similar to that which led us to the discovery and exploitation of the ~50% Zinc sulphide material at the 541 level. A new Decline Project has been planned to reach this mineralization having a total of 1,000 meter of galleries with 700 meter as the decline, 150 meter for ventilation and 150 meter for drilling locations.
• Additionally, approximately 4,000 meters of diamond drilling is planned for exploration at these levels.

Sarikaya

High Grade Zinc Project in Kayseri/Türkiye

• The Yahyalı-Develi region is economically the most important carbonate-hosted Pb-Zn region in Türkiye.
• There are more than 50 known Pb-Zn occurrences in this region. In most of these operations, mining activities are generally carried out by local owners at shallow depths (0 to 50 meters) with very limited drilling and limited use of modern exploration techniques.
• Sarikaya (which means yellow rock in Turkish) is located approximately 40 kilometers east of the town of Develi, Kayseri.

Sarikaya

Excellent Infrastructure & Mining Culture

• Sarikaya is in an area with excellent infrastructure including roads and electrical power.
• Sarikaya is located
  • 40 km East of town of Develi (Kayseri)
  • 190 km to Mersin Port
  • 350 km to Capital Ankara
  • 70 km to Kayseri Airport
  • 90 km to Cappadocia
• Centerra’s Öksüt Gold mine, which was discovered in 2007, is operating near Develi. These successful operations have resulted in the generation of substantial mining infrastructure and understanding of the minerals industry amongst the local community.

Sarikaya

The Most Important Carbonate-Hosted Zn-Pb District in Türkiye
Known High Grade Zinc Mineralization in Sarikaya Project

Sarikaya

High Grade Sulphide Zinc (30-35% Zn) Discovered in 2024

• Approximately 1500 meters of drilling carried out in the Project in 2024. Around 3 meters of high-grade sulphide zinc mineralization was intersected.
• An exploration adit of approximately 180 meters was opened in 2024. Zinc carbonates and sulphides with grades between 30-35% was discovered at several locations.
• Sarikaya has an operation license which is valid until September 3, 2029.
• Approximately 550 tons of high-grade zinc sulphide material has been produced by limited and primitive mining methods carried out by a small team of miners, between five and seven, in 2024.

Sarikaya

What is Next?

Phase 1: Exploration (0-6 months)

To increase our understandings on geology.

• Geological Mapping
• Lithology Map
• Alteration Map
• Structure Map
• Mineralization Map
• Geochemical Sampling & Interpretations
• Rock Sampling
• Soil Sampling
• Geophysical Surveys (before commencement of drilling ):
• IP/Resistivity
• Ground mag.
• Select best areas for exploration adit for underground drilling

Phase 2: Drilling (6 to 18 months)

To establish a resource

• Opening Exploration Adits for underground drilling
• Underground Drilling
• Mining

After completing exploration work, diamond drilling and establishing a resource, Pasinex’s aim is to produce high grade, direct shipping material.

Sarikaya

Budget (for 18 months)

Akkaya Zinc Project

Adana/Türkiye – Why Akkaya is Very Prospective

• Akkaya lies on the Horzum zinc trend, next to the extraordinary high grade, direct shipping Pinargozu zinc mine.
• Along the Horzum zinc trend at least 5 zinc-lead occurrences over 16km. Are there others? (better?).
• Akkaya License covers over 10 km².
• Only small part of the license has been subject to preliminary exploration. Rest of the Akkaya license is open to detailed exploration work.
• Similar Hydrothermal & Marble Alteration Exists Which Hosts Mineralization at Pinargozu.

Akkaya

Surface Drilling – Why Akkaya is Very Prospective

• Akkaya lies on the Horzum zinc trend, next to the extraordinary high grade, direct shipping Pinargozu zinc mine.
• Along the Horzum zinc trend at least 5 zinc-lead occurrences over 16km. Are there others? (better?).
• Akkaya License covers over 10 km².
• Only small part of the license has been subject to preliminary exploration. Rest of the Akkaya license is open to detailed exploration work.
• Similar Hydrothermal & Marble Alteration Exists Which Hosts Mineralization at Pinargozu.

Akkaya

What is Next?

• Akkaya West targets were drill tested with 16 holes and it has been demonstrated that there is hydrothermal alteration.
• Akkaya North & East remains to be explored
• Logistics & Permitting
• Drill permits
• Road Permits
• Drill Access – road construction
• Geology
• We need to increase our understanding of structures.
• Geophysical survey: Ground mag for structural info before commencement of drilling.
• Drill to establish pregnant hydrothermal system and then select best area for exploration adit for underground fan-drilling.
• Other parts of Akkaya License: Detailed exploration

Gunman Zinc Project

Nevada/USA

• Exciting new zinc sulphide discovery beneath an old high-grade zinc prospect
• Small drill program in 2018 confirms high-grade zinc oxides and leads to new discovery of deeper zinc sulphides
• Possible high-grade Eureka-style CRD system
• Verified high grade zinc oxides:
• 43.9 metres @ 14.2% zinc
• 13.7 metres @ 26.1% zinc and 5.6 ounces of silver
• Earn in option agreement whereby Pasinex can earn to up to 80% interest in the project based on payments and exploration commitment
• Pasinex earned 51% of ownership at the end of 2022 on the option agreement

Gunman

Completed Work

Gunman

What is Next?

• The Gunman project is very prospective. It is planned in Financing process to acquire 100% of the Gunman project using Pasinex Shares.
• As financing becomes available, a drill program of about $1.0 M USD will be conducted to investigate the following:
• Low resistivity anomaly under the main zone is perhaps Zinc Sulphide Ore and will be drilled.
• Copper hill showing extensive copper MMI and Geochemistry will be drilled.
• At the North Zone, a Gold MMI and Geochemistry will be drilled.

Contact Details

Canada Main Office
Pasinex Resources Limited
82 Richmond St. E.
Toronto, ON M5C 1P1

General Information
[email protected]

Adana Office, Türkiye
Zeytinli Mah.
Turhan Cemal Beriker Blv.
No 607 / A Seyhan, Adana