Panoramic mountain range in Northern Peru overlooking Suyo Mining's exploration district
TSX.V: SUYO|Emerging Gold Producer|Northern Peru

Active Production.
Unbounded Exploration.

An emerging gold producer with a 39,292 Ha land package in Northern Peru, situated on one of the most underexplored gold belts in the region.

39,292Ha
Land Package
50TPD
Current Production
90%+
Recovery Rate
15Kg/Mo
Gold Output

The Investment Opportunity

Investment Highlights

Suyo Mining Inc is an emerging gold producer with a 39,292 Ha land package in Northern Peru, situated on one of the most underexplored gold belts in the region. Suyo Mining will form from the reverse take-over of Florence One by Cautivo Mining.

Scaleable Cashflow

Current gold plant operating at 50 tpd, with plans to increase capacity to 350 TPD. Gold production has reached 15 Kg per month.

District Potential

The company owns the mineral rights to 39,292 Ha on the Peru/Ecuador border in the Piura region of Peru, on the Cretaceous gold belt.

Social License

Previous company spent 12+ years building relationships with community and local artisanal mines. 35 agreements in place today.

Local Expertise

Local Peruvian operations team focused on plant operations, building business with local communities, ready for exploration programs.

Las Lomas Processing Plant

Producing Since 2024

Tonnage (MT) vs Grade (g Au/t)

May-24Jun-24Jul-24Aug-24Sep-24Oct-24Nov-24Dec-24Jan-25Feb-25Mar-25Apr-25May-25Jun-25Jul-25Aug-25Sep-25Oct-25Nov-25Dec-25035070010501400MT036912g Au/t
  • Processed
  • Grade

Supply and production have steadily increased from start up and have averaged 90% recovery and 9.87 g/t Au throughput.

Las Lomas gold processing plant with blue and orange tanks, super sacks, and workers

35 production and royalty agreements signed with small miners (Hans XX, Bolsa del Diablo, and Sapillica)

Three campaigns/batches per month with regional ore purchasing and toll processing underway

Gold production has been growing steadily and has reached 15 Kg per month

Additional production/royalty agreements being negotiated monthly

Production Composition

12 g/t
Oxide Ore @ 92% recovery
6.5 g/t Au
Sulphide Ore @ 80% recovery

Growth Trajectory

Revenue & EBITDA Growth

Production from own concessions will drive margin expansion.

Capacity Expansion Drives Revenue Growth and EBITDA Inflection

20242025E2026E2027E015304560USD mm0306090120TPD
  • Revenue (USD mm)
  • EBITDA (USD mm)
  • Processing Capacity (TPD)

Catalysts at Las Lomas

1

Replace current working capital facility allowing gold sales outside the country.

2

Increasing capacity to 110 tpd in the short term and 350 tpd near term, purchase of leaching tank, ball mill and increased tailings capacity.

3

Production of own ore will drive margin expansion.

110
Short-Term TPD Target
350
Near-Term TPD Target

A Proven Track Record

A Brief History: Cautivo Mining

2005

Plexmar achieves exploration success at Bolsa del Diablo

2012

Sierra Metals acquires Plexmar

2017

Sierra Metals spins out Cautivo Mining

2020

Go private transaction and processing plant start up

2021

Trial processing campaigns begin, plant construction to 50 tpd

2022

Exploration shafts completed at Chiqueros — 4km from Titan Minerals

2023

First campaigns of precious metals processing (bulk)

2024

35 agreements with local miners signed, monthly fee + ROFR to feed plant

2025

Stabilized 50 tpd production, built 3rd tailings dam

2026

RTO between Florence One Capital and Cautivo to create Suyo Mining Inc.

District-Scale Potential

Exploration Assets

Suyo has excellent exploration potential with 36,757 Ha of mineral claims with excellent geology and neighbouring deposits.

Map of Suyo Mining's neighbouring projects across the Piura region and Ecuador border, including Las Lomas, Linderos, Dynasty, Fruta del Norte, and Tambogrande
Topographic geological map of Suyo Mining exploration district with annotated project targetsCore logging and geological sample processing facility at Las Lomas

Ecuador Border Region: Neighbouring Projects Close to Suyo Concessions

Linderos
Owner: Titan Minerals (ASX: TTM)
Drilling Results: 21.0M @18.5g/t Au, 20.0M @ 14.3g/t Au and 18.2M @ 14.7g/t Au
Dynasty
Owner: Titan Minerals (ASX: TTM)
Estimated Resources: 14.4 Mt @ 4.65g Au/t; Telescopic Gold System
Fruta Del Norte
Owner: Lundin Gold (TSX: LUG)
Estimated Resources: 35.4 Mt @ 8.3g/Au/t; Sulphidation epithermal Au-Ag deposit

Piura: Major Projects, Analogues to Suyo in the Region

Tambogrande TG-1
Owner: Not Assigned (formerly Manhattan Minerals)
Estimated (VMS) Resources: 64mt @ 1.7% Cu, 1/4% Zn, 0.10% Pb, 31g Ag/t, 0.70g/t Au
Algarrobo TG-3
Owner: Compañía de Minas Buenaventura (NYSE: BVN)
Estimated (VMS) Resources: 110mt @ 0.7% Cu, 1.0% Zn, 0.10% Pb, 19g Ag/t, 0.7g Au/t
El Faique B-5
Owner: Compañía de Minas Buenaventura (NYSE: BVN)
Estimated (VMS) Resources: 200mt @ 2.0% Cu, 3.5% Zn, 0.10% Pb, 56g Ag/t, 1.00g Au/t
Río Blanco
Owner: Zijin Mining Group (MU: FJZ)
Estimated (Porphyry) Resources: 500mt @ 0.8% Cu Deposit Model Copper

Piura — Large Cu-Porphyry Potential

Current exploration and production feeding Las Lomas includes Hans XX, Bolsa del Diablo, and Sapillica.

TargetMetalsResults
Bolsa del DiabloCu-AuDisseminated Au close to surface
Cascajo-BlancoCu-AuPotential large Au-Cu porphyry
CalabazasCu-AuPotential large Au-Cu porphyry
AlgodonalAuVery high Au on surface
ChiquerosAuVery high Au on surface
TomapampaCu-AuPotential large Au-Cu porphyry
SapillicaCu-AuHigh grade Au veins
Hans XXAuProduction of high Au grade veins close to surface

Internal estimates total 1.5 million AuEqOz *non-43-101 compliant*

Production Opportunities

Hans XX & Ato-Miranda

This is a high-grade mesothermal system where initial work suggests multi-million ounce potential, but only a fraction has been drill-tested. Each new vein represents discovery upside.

Advanced Stage

Ato-Miranda Vein

220,000
Oz Au (Est.)
12.28
g/t Au

Small-scale production being advanced via exploratory shaft. Current exploration efforts are advancing a shaft for further production from the Ato Miranda Veins.

Early Stage — High Upside

Hans XX Vein System

1,000,000
Oz Au (Est.)
10
g/t Au

Estimated across 7-8 of 20 identified veins. 442 surface samples returning 3-75 g/t Au demonstrating widespread gold mineralization. 2020 drilling confirmed continuity at depth with intercepts up to 6.88 g/t Au.

Large-Scale Exploration: Angolos – Chiqueros – Algodonal

Deposit Models: High Sulfidation veins (Au/Ag) and Copper Porphyry (Cu/Au/Mo)
Mapping and Prospecting: 1,434 samples with gold grades between 3 to 635 g/t Au (28%); FONC pulled 6.5 g/t hand-dug surface sample 01/2025
Angolos: 12 exploration shafts of 30 meters each. Mineralization is open North East and South West.
Chiqueros: Titan Minerals (ASX: TTM) only 2km across the border and reflecting impressive CuEq results from over 10,000M of drilling in 2025

Internal estimates for Angolos projects show 55K AuOz (M&I) today

Workers inside an underground mine tunnel at the Angolos-Chiqueros-Algodonal exploration project

Experienced Team

Management & Board

James C. Tworek

CEO, Director

  • 27+ years in operations, corporate finance and senior management
  • Proven builder of high-performance teams and growth execution
  • Director and executive roles across multiple publicly listed resource companies

Daniel Cacho

CFO, Director

  • Former Head of Financial Planning in major mining operations
  • Board member of Minera Kolpa through sale to Endeavour Silver
  • Strong financial discipline with international business education

Kim Kirkland

Director

  • 35+ years as project lead in production focused mining as engineer and JORC Fellow, 25+ years in South America
  • Career focused on exploration programs feeding global scale production and tailings, beneficiation
  • Alumnus of Barrick, Rio Tinto, MGM Ltd., AMEC Foster Wheeler PLC, McEwen Mining

J. Alberto Arias

Director

  • 30+ years in metals & mining; 18 years in private equity leadership
  • Chairman/Board Member across multiple mining companies
  • Strong technical and academic foundation (Mining & Metallurgical Engineering, MBA)

Alonso Checa

Director

  • 12+ years in metals M&A and investment banking
  • Led Latin America mining transactions and advisory mandates
  • Board experience with successful exit to Endeavour Silver (NYSE: EXK)

The Thesis

Why Invest Now?

Existing, expanding production — proven mineralization through analogues — deep "in the money" investment option.

Immediate Cash Flow

  • Processing 50 tpd currently with clear path to 350 tpd
  • Achieving 90%+ metallurgical recovery rates

District-Scale Exploration Potential

  • 36,757 hectares in Northern Peru Gold Belt
  • 7 high-priority targets identified
  • Bordering Ecuador's major gold-copper system

Proven Execution

  • 12 years of established community relations with social license
  • 35 active production & royalty agreements
  • Fully permitted for exploration and production

Investor Relations

RTO Metrics: Contracted Terms

Post RTO Share Issuance & Capitalization

ShareholderPriceShares
Cautivo Peru Vendors (Asset Roll-in)$0.2360,000,000
Florence One Shareholders (Post-Cons 2:1)$0.20 average8,021,000
Concurrent Financing$0.2319,565,217
Commission Shares$0.231,500,000
TOTAL POST-RTO$0.2389,086,217

Post-RTO Fully Diluted Capitalization

Post-RTO Shares Outstanding89,086,217 shares
FONC Stock Options802,101 options
Financing Warrants19,565,217 warrants @ $0.35 (2-yr)
Fully Diluted109,453,535 shares

Use of Proceeds

CAD $4,500,000

Plant expansion, trade financing55.6%
Operations, Corp Dev't22.2%
Geological work prior to drilling22.2%
Suyo Mining Inc.

Suyo Mining Inc: TSX.V: SUYO

Ready to unlock your leverage to high-grade gold growth? Contact us to secure your position today.

James Tworek

FONC Director

Cautionary Statement on Forward-Looking Information

The data contained herein is provided for information purposes only. Certain information has been compiled from sources believed to be reliable. No information in this presentation is to be construed as an offer to buy or sell securities. Some statements contained in this document are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include among other things, comments regarding mining and milling operations, mineral resource statements and exploration program performance. They may also include statements with respect to the Company's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. Factors that could cause actual results to differ materially include, but are not limited to, metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production, the ability to raise sufficient capital to fund exploration, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities, and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Cautionary Note to United States Readers: These tables use the terms "Measured", "Indicated" and "Inferred" Resources. These are non-43-101 compliant. United States readers are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. It cannot be assumed that all or any part of a Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of non 43-101 estimates may not form the basis of feasibility or other economic studies. United States readers are cautioned not to assume that all or any part of non 43-101 or company assumptions will ever be converted into Mineral Reserves.

Suyo Mining Inc.

SUYO Mining Inc. | TSX.V: SUYO | Confidential May 2026

© 2026 Suyo Mining Inc.