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PROJECT OVERVIEW

Adelita Project

A Multi-System Copper-Gold-Silver Opportunity in Sonora, Mexico

Anchored by the high-grade Cu-Au-Ag Cerro Grande Skarn discovery zone, the geological setting and mineral assemblages are characteristic of porphyry-skarn systems of north-western Mexico and bear similarities to the nearby Alamo Dorado (operated by Pan American Silver) and Piedras Verdes (Operated by Cobre del Mayo) deposits.

Leveraging +US$8M in Historical Exploration Data

The Adelita Project stands on a robust technical base, backed by over US$8M in historical exploration.

With excellent infrastructure (roads, water, and power access) and strong community relationships, the project supports efficient, year-round exploration.

7,000m of Diamond Drilling

Confirmed high-grade Cu-Au-Ag skarn mineralisation and porphyry-style alteration at surface and confirmed at depth

7,000m of Diamond Drilling

Confirmed high-grade Cu-Au-Ag skarn mineralisation and porphyry-style alteration at surface and confirmed at depth

7,000m of Diamond Drilling

Confirmed high-grade Cu-Au-Ag skarn mineralisation and porphyry-style alteration at surface and confirmed at depth

Extensive Geophysical Coverage

Airborne VTEM, Ground IP, and magnetic datasets across the licence area.

Extensive Geophysical Coverage

Airborne VTEM, Ground IP, and magnetic datasets across the licence area.

Extensive Geophysical Coverage

Airborne VTEM, Ground IP, and magnetic datasets across the licence area.

Comprehensive Geological Mapping

License-wide soil geochemistry (200 m × 50 m grid), 11,000 soil and rock samples, and alteration modeling.

Comprehensive Geological Mapping

License-wide soil geochemistry (200 m × 50 m grid), 11,000 soil and rock samples, and alteration modeling.

Comprehensive Geological Mapping

License-wide soil geochemistry (200 m × 50 m grid), 11,000 soil and rock samples, and alteration modeling.

Leveraging +US$8M in Historical Exploration Data

The Adelita Project stands on a robust technical base, backed by over US$8M in historical exploration.

With excellent infrastructure (roads, water, and power access) and strong community relationships, the project supports efficient, year-round exploration.

7,000m of Diamond Drilling

Confirmed high-grade Cu-Au-Ag skarn mineralisation and porphyry-style alteration at surface and confirmed at depth

Extensive Geophysical Coverage

Airborne VTEM, Ground IP, and magnetic datasets across the licence area.

Comprehensive Geological Mapping

License-wide soil geochemistry (200 m × 50 m grid), 11,000 soil and rock samples, and alteration modeling.

A MULTI-DEPOSIT OPPORTUNITY

A MULTI-DEPOSIT OPPORTUNITY

A MULTI-DEPOSIT OPPORTUNITY

District-Scale Potential

Current evidence indicates that Adelita hosts multiple mineral systems. Together, these systems point to a district-scale opportunity with the potential to support multiple deposits across the property.

Current evidence indicates that Adelita hosts multiple mineral systems. Together, these systems point to a district-scale opportunity with the potential to support multiple deposits across the property.

Our Principal Objective: Cerro Grande

Cerro Grande is the primary focus of the current exploration program, with the principal objective to grow the existing high-grade, near-surface skarn discovery through targeted step-out drilling, delineating a resource.

Cerro Grande is the primary focus of the current exploration program, with the principal objective to grow the existing high-grade, near-surface skarn discovery through targeted step-out drilling, delineating a resource.

Expanding Skarn Discovery

Expanding Cerro Grande Skarn (only 5% of total land package)

Cerro Grande Central hosts a high-grade, near-surface Cu-Au-Ag skarn.

  • Multiple intercepts exceeding 4% copper, with gold grades up to 2 g/t and silver up to 78 g/t*

  • Open along strike and at depth

  • Several step-out targets planed

  • Shallow, high-grade mineralization offers strong potential for low-cost, high-margin development

Advancing Multi-Target Exploration

Cerro Grande Target
New Targets

Expanding Skarn Discovery

Expanding Cerro Grande Skarn (only 5% of total land package)

Cerro Grande Central hosts a high-grade, near-surface Cu-Au-Ag skarn.

  • Multiple intercepts exceeding 4% copper, with gold grades up to 2 g/t and silver up to 78 g/t*

  • Open along strike and at depth

  • Several step-out targets planed

  • Shallow, high-grade mineralization offers strong potential for low-cost, high-margin development

Advancing Multi-Target Exploration

Cerro Grande Target
New Targets

Expanding Skarn Discovery

Expanding Cerro Grande Skarn (only 5% of total land package)

Cerro Grande Central hosts a high-grade, near-surface Cu-Au-Ag skarn.

  • Multiple intercepts exceeding 4% copper, with gold grades up to 2 g/t and silver up to 78 g/t*

  • Open along strike and at depth

  • Several step-out targets planed

  • Shallow, high-grade mineralization offers strong potential for low-cost, high-margin development

Advancing Multi-Target Exploration

Cerro Grande Target
New Targets

Expanding Skarn Discovery

Expanding Cerro Grande Skarn (only 5% of total land package)

Cerro Grande Central hosts a high-grade, near-surface Cu-Au-Ag skarn.

  • Multiple intercepts exceeding 4% copper, with gold grades up to 2 g/t and silver up to 78 g/t*

  • Open along strike and at depth

  • Several step-out targets planed

  • Shallow, high-grade mineralization offers strong potential for low-cost, high-margin development

Advancing Multi-Target Exploration

Cerro Grande Target
New Targets

Explore the Adelita Project

Explore the Adelita Project

Dive into our interactive VRIFY model to explore all aspects of the Adelita Project

Dive into our interactive VRIFY model to explore all aspects of the Adelita Project

Dive into our interactive VRIFY model to explore all aspects of the Adelita Project

Get an overview of the project, learn more about the location, explore the interactive maps and dive deeper into the results.

Get an overview of the project, learn more about the location, explore the interactive maps and dive deeper into the results.

Get an overview of the project, learn more about the location, explore the interactive maps and dive deeper into the results.

1.

Cerro Grande Skarn Corridor

Anchored by a High-Grade Copper-Gold-Silver Discovery

The Cerro Grande Skarn is located in the northern portion of the Adelita concession. The ~300-metre high-grade discovery zone hosts a Cu-Au-Ag skarn system that remains open in all directions.

Open in All Directions

Mineralization remains open laterally and at depth, with strong potential along a 6 km skarn corridor (Cerro Potrero and Cerro Potrero South)

Open in All Directions

Mineralization remains open laterally and at depth, with strong potential along a 6 km skarn corridor (Cerro Potrero and Cerro Potrero South)

Open in All Directions

Mineralization remains open laterally and at depth, with strong potential along a 6 km skarn corridor (Cerro Potrero and Cerro Potrero South)

Open in All Directions

Mineralization remains open laterally and at depth, with strong potential along a 6 km skarn corridor (Cerro Potrero and Cerro Potrero South)

Porphyry Link at Depth

Feldspar porphyry dikes and quartz–chalcopyrite veining (Hole-10) suggest a deeper porphyry copper source feeding the skarn

Porphyry Link at Depth

Feldspar porphyry dikes and quartz–chalcopyrite veining (Hole-10) suggest a deeper porphyry copper source feeding the skarn

Porphyry Link at Depth

Feldspar porphyry dikes and quartz–chalcopyrite veining (Hole-10) suggest a deeper porphyry copper source feeding the skarn

Porphyry Link at Depth

Feldspar porphyry dikes and quartz–chalcopyrite veining (Hole-10) suggest a deeper porphyry copper source feeding the skarn

Expansion Potential

The Cerro Grande Central Outcrop is interpreted to extend both northwest and at depth to ~1.2 km strike

Expansion Potential

The Cerro Grande Central Outcrop is interpreted to extend both northwest and at depth to ~1.2 km strike

Expansion Potential

The Cerro Grande Central Outcrop is interpreted to extend both northwest and at depth to ~1.2 km strike

Expansion Potential

The Cerro Grande Central Outcrop is interpreted to extend both northwest and at depth to ~1.2 km strike

Strong Magnetic Signature

The magnetite-rich skarn horizon provides clear targets for ground magnetic surveys and step-out drilling

Strong Magnetic Signature

The magnetite-rich skarn horizon provides clear targets for ground magnetic surveys and step-out drilling

Strong Magnetic Signature

The magnetite-rich skarn horizon provides clear targets for ground magnetic surveys and step-out drilling

Strong Magnetic Signature

The magnetite-rich skarn horizon provides clear targets for ground magnetic surveys and step-out drilling

Historic Drill Highlights

Drill highlights from the Cerro Grande skarn target are listed in the table below.*

Drill highlights from the Cerro Grande skarn target are listed in the table below.*

Historic Drill Highlights

Drill highlights from the Cerro Grande skarn target are listed in the table below.*

HOLE ID

FROM (M)

TO (M)

INTERVAL (M) / ESTIMATED TRUE WIDTH (M)

COPPER %

GOLD G/T

SILVER G/T

CGDD-10-001

35.65

51.80

16.15 (14.5)

1.97

0.0835

78

includes

35.65

40.98

5.33 (4.8)

2.38

1.123

94.4

CGDD-10-002

35.57

83.21

47.64 (36.9)

1.05

0.462

46

includes

35.57

47.40

11.83 (9.5)

1.37

0.302

18.4

and

63.40

69.71

6.31 (5.3)

3.6

2.25

221

CGDD-10-004

184.79

195.99

11.20

1.11

0.587

39.9

includes

184.79

186.84

2.05

1.30

1.04

32.8

and

189.89

182.77

2.88

2.44

1.285

97

CGDD-12-012

37.70

223.65

185.95 (Hole drilled
subparralel to mineralized zone)

0.56

0.157

13.5

includes

37.70

48.00

10.30

0.49

0.171

1.1

and

154.40

223.65

69.25

1.29

0.358

32.9

and

189.65

190.35

0.70

8.13

3.09

398

HOLE ID

FROM (M)

TO (M)

INTERVAL (M) / ESTIMATED TRUE WIDTH (M)

COPPER %

GOLD G/T

SILVER G/T

CGDD-10-001

35.65

51.80

16.15 (14.5)

1.97

0.0835

78

includes

35.65

40.98

5.33 (4.8)

2.38

1.123

94.4

CGDD-10-002

35.57

83.21

47.64 (36.9)

1.05

0.462

46

includes

35.57

47.40

11.83 (9.5)

1.37

0.302

18.4

and

63.40

69.71

6.31 (5.3)

3.6

2.25

221

CGDD-10-004

184.79

195.99

11.20

1.11

0.587

39.9

includes

184.79

186.84

2.05

1.30

1.04

32.8

and

189.89

182.77

2.88

2.44

1.285

97

CGDD-12-012

37.70

223.65

185.95 (Hole drilled
subparralel to mineralized zone)

0.56

0.157

13.5

includes

37.70

48.00

10.30

0.49

0.171

1.1

and

154.40

223.65

69.25

1.29

0.358

32.9

and

189.65

190.35

0.70

8.13

3.09

398

Open at Depth and Laterally

Testing the immediate Cerro Grande Skarn extensions with the aim to identify and grow the existing discovery.

Cerro Grande Cross Section

Cerro Grande Cross Section

Cerro Grande Cross Section

Exploration Outlook

Leveraging a complete reinterpretation of historical datasets, our exploration plan targets confirmation of high-grade continuity at depth and across the 6 km mineralized corridor at Cerro Grande

Leveraging a complete reinterpretation of historical datasets, our exploration plan targets confirmation of high-grade continuity at depth and across the 6 km mineralized corridor at Cerro Grande

Orientated Diamond Drilling

Diamond drilling testing mineralization below 300 m and along the northwestern extension.

Orientated Diamond Drilling

Diamond drilling testing mineralization below 300 m and along the northwestern extension.

Orientated Diamond Drilling

Diamond drilling testing mineralization below 300 m and along the northwestern extension.

Orientated Diamond Drilling

Diamond drilling testing mineralization below 300 m and along the northwestern extension.

Detailed Mag Survey

Detailed magnetic survey to map magnetite-rich skarn horizons and refine structural controls.

Detailed Mag Survey

Detailed magnetic survey to map magnetite-rich skarn horizons and refine structural controls.

Detailed Mag Survey

Detailed magnetic survey to map magnetite-rich skarn horizons and refine structural controls.

Detailed Mag Survey

Detailed magnetic survey to map magnetite-rich skarn horizons and refine structural controls.

Data Integration

Data integration of new magnetic survey, geochem, IP, and drilling to define step-out targets and advance the 3D model.

Data Integration

Data integration of new magnetic survey, geochem, IP, and drilling to define step-out targets and advance the 3D model.

Data Integration

Data integration of new magnetic survey, geochem, IP, and drilling to define step-out targets and advance the 3D model.

Data Integration

Data integration of new magnetic survey, geochem, IP, and drilling to define step-out targets and advance the 3D model.

Phase-1 Drill Program at Cerro Grande

Testing Depth. Expanding Strike. Unlocking Scale.

Testing Depth. Expanding Strike. Unlocking Scale.

Testing Depth. Expanding Strike. Unlocking Scale.

Our Phase-1 drill program is designed to confirm that the high-grade Cerro Grande Skarn extends well beyond the currently defined 300m corridor. Drilling will test two major growth vectors:

  • At Depth: Diamond drill holes targeting mineralization below 300 metres to confirm vertical continuity within the skarn system.

  • Northwest Extension: Step-out drilling around the anticlinal fold where geology indicates the system may continue for up to 1.2 km of strike.

This program aims to establish Cerro Grande as a much larger, continuously mineralized skarn body, significantly expanding the footprint of the discovery and guiding future resource definition.

Our Phase-1 drill program is designed to confirm that the high-grade Cerro Grande Skarn extends well beyond the currently defined 300m corridor. Drilling will test two major growth vectors:

  • At Depth: Diamond drill holes targeting mineralization below 300 metres to confirm vertical continuity within the skarn system.

  • Northwest Extension: Step-out drilling around the anticlinal fold where geology indicates the system may continue for up to 1.2 km of strike.

This program aims to establish Cerro Grande as a much larger, continuously mineralized skarn body, significantly expanding the footprint of the discovery and guiding future resource definition.

2.

Mezquital Porphyry Target

Large, Untested Copper-Molybdenum System in Sonora, Mexico

Located on the western side of the Adelita Project, directly adjacent to the Cerro Grande Cu-Au-Ag skarn, the Mezquital Target covers an area of 25–35 km².

Its geophysical and geochemical footprint is comparable to major porphyry systems such as Promontorio and El Cobre, indicating potential to host a multi-hundred-million-tonne porphyry copper deposit.

Copper-Molybdenum Porphyry System

Surface work and shallow drilling indicate Mezquital represents the upper levels of a preserved Cu–Mo–Au porphyry system with strong depth potential

Copper-Molybdenum Porphyry System

Surface work and shallow drilling indicate Mezquital represents the upper levels of a preserved Cu–Mo–Au porphyry system with strong depth potential

Copper-Molybdenum Porphyry System

Surface work and shallow drilling indicate Mezquital represents the upper levels of a preserved Cu–Mo–Au porphyry system with strong depth potential

Copper-Molybdenum Porphyry System

Surface work and shallow drilling indicate Mezquital represents the upper levels of a preserved Cu–Mo–Au porphyry system with strong depth potential

Proven Porphyry Indicators

Historic mapping, sampling, and geophysics revealed porphyry-style mineralization and a classic chargeability ring—hallmarks of a large, mineralized system.

Proven Porphyry Indicators

Historic mapping, sampling, and geophysics revealed porphyry-style mineralization and a classic chargeability ring—hallmarks of a large, mineralized system.

Proven Porphyry Indicators

Historic mapping, sampling, and geophysics revealed porphyry-style mineralization and a classic chargeability ring—hallmarks of a large, mineralized system.

Proven Porphyry Indicators

Historic mapping, sampling, and geophysics revealed porphyry-style mineralization and a classic chargeability ring—hallmarks of a large, mineralized system.

Untested Depth Potential

Historic drilling stopped short of the main metal-bearing zone, leaving the copper-rich potassic core at 350–600 m depth completely untested.

Untested Depth Potential

Historic drilling stopped short of the main metal-bearing zone, leaving the copper-rich potassic core at 350–600 m depth completely untested.

Untested Depth Potential

Historic drilling stopped short of the main metal-bearing zone, leaving the copper-rich potassic core at 350–600 m depth completely untested.

Untested Depth Potential

Historic drilling stopped short of the main metal-bearing zone, leaving the copper-rich potassic core at 350–600 m depth completely untested.

Next Steps: Advancing Toward Drill Testing

Upcoming work includes 3D geophysical modeling, expanded soil sampling, and a new 300–600 m drilling campaign to test the main porphyry center.

Next Steps: Advancing Toward Drill Testing

Upcoming work includes 3D geophysical modeling, expanded soil sampling, and a new 300–600 m drilling campaign to test the main porphyry center.

Next Steps: Advancing Toward Drill Testing

Upcoming work includes 3D geophysical modeling, expanded soil sampling, and a new 300–600 m drilling campaign to test the main porphyry center.

Next Steps: Advancing Toward Drill Testing

Upcoming work includes 3D geophysical modeling, expanded soil sampling, and a new 300–600 m drilling campaign to test the main porphyry center.

Next Steps and Outlook

The next phase of exploration at Mezquital will focus on validating and testing the deeper porphyry potential through integrated geological, geochemical, and geophysical work.

The next phase of exploration at Mezquital will focus on validating and testing the deeper porphyry potential through integrated geological, geochemical, and geophysical work.

The next phase of exploration at Mezquital will focus on validating and testing the deeper porphyry potential through integrated geological, geochemical, and geophysical work.

  • Reprocessing and 3D modeling of magnetic and IP datasets to refine subsurface interpretation.

  • Reprocessing and 3D modeling of magnetic and IP datasets to refine subsurface interpretation.

  • Extending soil sampling lines to the north and east to achieve full coverage of the Mezquital system.

  • Extending soil sampling lines to the north and east to achieve full coverage of the Mezquital system.

  • Tightening the soil grid over the high-molybdenum zone to evaluate the potential for a stand-alone molybdenum target.

  • Tightening the soil grid over the high-molybdenum zone to evaluate the potential for a stand-alone molybdenum target.

  • Designing a new drilling campaign in an open-scissors format, targeting depths of 300-600 metres to test the main porphyry center.

  • Designing a new drilling campaign in an open-scissors format, targeting depths of 300-600 metres to test the main porphyry center.

  • Planning two deeper holes (+600 m) to evaluate the potential for a copper-rich potassic core at depth.

  • Planning two deeper holes (+600 m) to evaluate the potential for a copper-rich potassic core at depth.

  • Integrating reprocessed geophysical datasets (IP, VTEM, and magnetic data) into updated 3D models to refine targeting and de-risk drilling.

  • Integrating reprocessed geophysical datasets (IP, VTEM, and magnetic data) into updated 3D models to refine targeting and de-risk drilling.

3.

Las Trancas

Hydrothermal Cu-Zn-Au Target

Las Trancas is a hydrothermal copper-zinc-gold target marked by a strong hematitic alteration halo, similar to the nearby Alamo Dorado mine. Historic trenching uncovered high-grade mineralization at surface, but earlier drilling missed the core target.

Recent MT geophysics shows a clear chargeability-high / resistivity-low anomaly that remains completely untested.

Strong hematitic alteration halo with clear district analogues

Strong hematitic alteration halo with clear district analogues

Strong hematitic alteration halo with clear district analogues

Strong hematitic alteration halo with clear district analogues

High-grade mineralization exposed in historic trenches

High-grade mineralization exposed in historic trenches

High-grade mineralization exposed in historic trenches

High-grade mineralization exposed in historic trenches

MT survey defines an untested subsurface target

MT survey defines an untested subsurface target

MT survey defines an untested subsurface target

MT survey defines an untested subsurface target

Pathfinder geochemistry (As–Bi–Sb) expected to improve targeting

Pathfinder geochemistry (As–Bi–Sb) expected to improve targeting

Pathfinder geochemistry (As–Bi–Sb) expected to improve targeting

Pathfinder geochemistry (As–Bi–Sb) expected to improve targeting

Next Steps and Outlook

The next phase aims to sharpen drill targeting by integrating soil geochemistry and MT geophysics to prioritize high-potential anomalies along the mineralized corridor.

The next phase aims to sharpen drill targeting by integrating soil geochemistry and MT geophysics to prioritize high-potential anomalies along the mineralized corridor.

The next phase aims to sharpen drill targeting by integrating soil geochemistry and MT geophysics to prioritize high-potential anomalies along the mineralized corridor.

  • Extend soil geochemistry using pathfinder elements

  • Extend soil geochemistry using pathfinder elements

  • Re-target drilling toward MT chargeability/resistivity anomalies

  • Re-target drilling toward MT chargeability/resistivity anomalies

  • Integrate trenching, geochemical, and MT data to refine drill sites

  • Integrate trenching, geochemical, and MT data to refine drill sites

  • Follow up with focused ground geophysics along the broader corridor

  • Follow up with focused ground geophysics along the broader corridor

*43-101 Disclaimer References

*43-101 Disclaimer References

All technical information in this news release regarding the Adelita Project, including historical drill intercepts and exploration data, is derived from the “Technical Report for the Adelita Project, Sonora, Mexico,” dated June 10, 2021, prepared by Mark T. Smethurst, P.Geo. for Infinitum Copper Corp., and filed under Infinitum Copper Corp.’s profile on SEDAR+ at www.sedarplus.ca

All technical information in this news release regarding the Adelita Project, including historical drill intercepts and exploration data, is derived from the “Technical Report for the Adelita Project, Sonora, Mexico,” dated June 10, 2021, prepared by Mark T. Smethurst, P.Geo. for Infinitum Copper Corp., and filed under Infinitum Copper Corp.’s profile on SEDAR+ at www.sedarplus.ca

*43-101 Disclaimer References

All technical information in this news release regarding the Adelita Project, including historical drill intercepts and exploration data, is derived from the “Technical Report for the Adelita Project, Sonora, Mexico,” dated June 10, 2021, prepared by Mark T. Smethurst, P.Geo. for Infinitum Copper Corp., and filed under Infinitum Copper Corp.’s profile on SEDAR+ at www.sedarplus.ca