Targa Exploration Corp. · CSE:TEX
Targa Exploration — Investor Presentation (May 2026)
24 slides from Targa Exploration's investor presentation, May 25, 2026
Slide 1: New Gold Discoveries in Quebec & Argentina
CSE: TEX | FRA: V6Y | OTCQB: TRGEF TARGAEXPLORATION.COM NEW GOLD DISCOVERIES IN QUEBEC & ARGENTINA MAY 2026
Slide 2: Disclaimer & Forward-Looking Statements
2 DISCLAIMER & FORWARD-LOOKING STATEMENTS General This corporate presentation is intended to provide an overview of the business of Targa Exploration Corp. (the "Company"). It has been prepared for informational purposes only and does not purport to be complete. The information in this presentation
Slide 3: Diversified with Three High-Potential Assets
GOLD 3 Opinaca POSITIONED IN PRIME MINING Quebec, Canada JURISDICTIONS CSE: TEX | FRA: V6Y | OTCQB: TRGEF DIVERSIFIED WITH THREE HIGH- POTENTIAL ASSETS El Zanjon & Venidero FOCUSED ON GOLD DISCOVERY Santa Cruz, Argentina
Slide 4: Our Team
4 OUR TEAM Cameron Tymstra Bryce Roxburgh Ryan Weston M.Sc., MBA, P.Geo President & CEO, Director Director VP Exploration Management & Directors 15 years of mining industry experience in the Americas including COO and CEO A geologist with over 50 years of experience in exploration and discovery. Mr.
Slide 5: Corporate Information
GOLD CORPORATE INFORMATION 5 Mgmt/Board/Advisors Kenorland Minerals CORPORATE 8.1% Aegis Resources SIDEX & NQI SHARE STRUCTURE HNWIs 61% 25% Retail/Other CSE: TEX | FRA: V6Y | OTCQB: TRGEF $4M financing closed in February 2026 Shares Outstanding 66,008,898 Fully Diluted 94,942,648 Warrants 24,700,55
Slide 6: El Zanjon Gold-Silver Project
Actively drilling in prolific epithermal gold-silver district EL ZANJON GOLD- SILVER PROJECT Gold Santa Cruz, Argentina
Slide 7: El Zanjon & Venidero, Santa Cruz, Argentina
GOLD EL ZANJON & VENIDERO SANTA CRUZ, ARGENTINA 7 RECENTLY OPTIONED ASSETS IN ARGENTINA OPTION AGREEMENTS SIGNED NOV. 7, 2025 • Targa has the option to acquire up to an 80% interest in each of the Venidero and El Zanjon projects* • Assets spun out of recently acquired Rugby Resources CSE: TEX | FRA:
Slide 8: El Zanjon, Santa Cruz, Argentina
GOLD EL ZANJON SANTA CRUZ, ARGENTINA 8 EL ZANJON Only a few years of mine reserves left at Cerro Vanguardia CSE: TEX | FRA: V6Y | OTCQB: TRGEF • 57,276ha located 30km south of Cerro Vanguardia. Operated by AngloGold with total historic production of 6Moz Au and 80Moz Ag • 12-year option to acquire u
Slide 9: El Zanjon: Geochemistry and Geophysics Coverage
GOLD EL ZANJON SANTA CRUZ, ARGENTINA 9 EL ZANJON Much of property still not covered with geochemistry and geophysics • Rugby Resources completed magnetic surveys, limited IP work, and ionic leach geochemistry to identify structural trends and areas of interest • Three additional exploration licenses
Slide 10: EZD0001 First Drill Hole
GOLD EL ZANJON SANTA CRUZ, ARGENTINA 10 EZD0001 (1st drill hole): • Visible gold intersected at 105.9m • Possible electrum seen at 110.5m • Hole EZD0002 drilling now, targeting other soil high behind EZD0001 and will continue to attempt to intersect VG structure at depth. CSE: TEX | FRA: V6Y | OTCQB
Slide 11: Hole EZD0001: Visible Gold Seen at 105.6m
GOLD EL ZANJON SANTA CRUZ, ARGENTINA 11 Hole EZD0001: VG seen at 105.6m • 65m downhole of overburden (est. 45-50m vertical) • Below overburden, immediately into volcanic sequence of Chon Aike Formation • Dominant lithology: andesitic pumice tuff • Strong argillic alteration and hematite oxidation CS
Slide 12: Opinaca Gold Project
THE NEWEST GOLD DISCOVERY IN JAMES BAY OPINACA GOLD PROJECT Gold James Bay, Quebec
Slide 13: Opinaca Project, James Bay, Quebec
GOLD OPINACA PROJECT JAMES BAY, QUEBEC 13 OPINACA PROJECT 100% owned covering 67,862ha of never-before explored territory. • 50km south of all-season Trans-Taiga road and powerline CSE: TEX | FRA: V6Y | OTCQB: TRGEF • 3% NSR held by Kenorland • Never explored prior to 2023 • Multi million-ounce depo
Slide 14: 2025 Maiden Drill Program
GOLD OPINACA PROJECT JAMES BAY, QUEBEC 14 2025 MAIDEN DRILL PROGRAM TRUE GRASSROOTS DISCOVERY • 3,665m completed in 8 drill holes • >1g/t intercepts found in 7 of 8 drill holes • Up to 13.88g/t over 3.65m, incl. 166.1g/t over CSE: TEX | FRA: V6Y | OTCQB: TRGEF 0.3m • Widespread mineralized gold syst
Slide 15: 2025 Visible Gold in Drill Core
GOLD OPINACA PROJECT JAMES BAY, QUEBEC 15 2025 VISIBLE GOLD IN DRILL CORE High-grade intercepts: GRADE • 13.88g/t Au over 3.65m, including 166.14g/t over 0.3m in hole 25OPDD007 • 2.39g/t Au over 4.79m, including 14.8g/t over 0.7m in hole 25OPDD006 WIDTH • 7.45g/t Au over 0.37m in hole 25OPDD003 Broa
Slide 16: Targa Summary
GOLD TARGA SUMMARY 16 Opinaca Quebec, Canada TWO GRASSROOTS DISCOVERIES ANNOUNCED IN LAST 5 MONTHS CSE: TEX | FRA: V6Y | OTCQB: TRGEF Up to 13.88g/t Au over 3.65m at Opinaca DRILLING UNDERWAY AT EL ZANJON Visible Gold seen in first drill hole El Zanjon & Venidero THREE OPPORTUNITIES FOR GOLD Santa C
Slide 17: Contact Us
17 CONTACT US 1723 - 595 Burrard Street Vancouver, BC, V7X 1J1 [email protected] [email protected] CSE: TEX | FRA: V6Y | OTCQB: TRGEF +1 (604) 355-0303 www.targaexploration.com @targaex @Targa Exploration Corp.
Slide 18: Appendix: Opinaca Technical Details
18 CSE: TEX | FRA: V6Y | OTCQB: TRGEF APPENDIX OPINACA TECHNICAL DETAILS
Slide 19: Venidero: 2.5km Mineralized Trend at Surface
GOLD VENIDERO SANTA CRUZ, ARGENTINA 19 VENIDERO 2.5KM MINERALIZED TREND AT SURFACE • Covers 10,736ha located 60km south of Newmont’s Cerro Negro mine, currently Gorganzola vein producing 275koz Au/yr traced for 2.5km • 12-year option to acquire up to an 80% interest by completing a FS Unsampled sili
Slide 20: Venidero Mineralization Styles
GOLD VENIDERO SANTA CRUZ, ARGENTINA 20 VENIDERO • Two styles of mineralization identified at Gorganzola: • Sheeted quartz veinlet systems up to 50m wide • Classic quartz vein structures 0.5 to 3m wide CSE: TEX | FRA: V6Y | OTCQB: TRGEF • Presence of chalcedonic quartz in most mineralized zones sugge
Slide 21: What Is Till Sampling?
GOLD OPINACA PROJECT JAMES BAY, QUEBEC 21 WHAT IS TILL SAMPLING? • Glaciers scrape across bedrock, breaking off pieces and • Provide clues as to what lies in bedrock underneath the till layer. crushing them down to sand/clay/gravel. • Impacted by deposit type, orientation relative to ice flow, depth
Slide 22: Target Generation: 7km Trend
GOLD OPINACA PROJECT JAMES BAY, QUEBEC 22 TARGET GENERATION 7KM TREND SUPPORTED BY REGIONAL MAGNETICS, GEOCHEMISTRY, HMC GOLD GRAINS Two seasons of till and boulder sampling generated 7km target trend: • All Heavy Mineral Concentrate samples with elevated gold values located along or just down-ice f
Slide 23: Opinaca Soils: Au
GOLD OPINACA PROJECT JAMES BAY, QUEBEC 23 OPINACA SOILS: AU CSE: TEX | FRA: V6Y | OTCQB: TRGEF
Slide 24: Opinaca Grain Count: Au Normalized
GOLD OPINACA PROJECT JAMES BAY, QUEBEC 24 OPINACA GRAIN COUNT: AU NORMALIZED CSE: TEX | FRA: V6Y | OTCQB: TRGEF