Hayasa Metals Inc. · TSXV:HAY
Hayasa Metals — Investor Presentation (April 2026)
23 slides from Hayasa Metals's investor presentation, April 2026
Slide 1: Dedicated to Discovery
Dedicated to Discovery Investor Deck Apr 2026 www.hayasametals.com TSXV: HAY | OTCQB: HAYAF | FSE: FR20
Slide 2: Disclaimer
Disclaimer Certain statements contained in this presentation constitute forward-looking statements. These statements relate to future events or the Company's future performance, business prospects or opportunities. All statements other than statements of historical fact may be forward- looking state
Slide 3: Corporate Highlights
Corporate Highlights • TSXV-listed TSXV: HAY | OTCQB: HAYAF | FSE: FR20 Company • Tight share structure | low microcap market capitalization Fundamentals • Insider ownership ~ 21%, 45% incl. TECK and closely held associates • Joel Sutherland, CEO CA CPA CFA—Capital Markets background • Dennis Moore,
Slide 4: Board of Directors
Board of Directors Dennis Moore Chairman and President, Technical Leader • Geologist-entrepreneur and proven mine-finder • Over 40 years experience in Latin America, Nevada and Australasia • Discovered, delineated and vended the 2 Moz TZ gold mine and the Cuiú Cuiú gold deposit Joel Sutherland CEO •
Slide 5: Capital Structure
Capital Structure TSXV: HAY | OTCQB: HAYAF | FSE: FR20 Share Ownership2 Shares Outstanding 1 72.5 M $0.22: 0.5 mln exp. 7/26, Warrants 6.1 M $0.22: 5.6 mln exp. 03/27 $0.07-$0.17 Stock Options 5.6 M (exp. 07/26 – 09/30) Fully Diluted Shares 84.2 M MAR 2026 thru MAR 2026 Recent Share Price $0.06-0.09
Slide 6: About Armenia
About Armenia “The established peace will add to [the economy] and give a new impetus to [economic activity].” Source: Armenian Prime Minister Nikol Pashinyan, 28 August 2025 Cabinet meeting • U.S. brokered peace deal between Armenia and Azerbaijan signed 8 August 2025 • Next general election: June
Slide 7: Tethyan Belt: Armenia
Tethyan Belt: Armenia Armenia Mining: 8 large metal mines • 3 porphyry Cu-Mo mines: Kajaran (Zangezur) is the largest • Sotk Au mine (>4 Moz resource) • Amulsar (Lydian): $150mln Financing closed 15 May 2025 • 4.8 Moz gold resource, 200k oz/annum,12-year LOM • First gold pour mid-2026 Source: MinEx
Slide 8: Vardenis: Teck
Vardenis: Teck • Hayasa entered into an option / JV agreement with Teck Resources August 26, 2025 • Teck will spend US$15 mln before 31 Dec 2029 to earn 70% • To earn an additional 10% Teck must publish a Vardenis PFS • Hayasa gets carried to PFS at which point it will own 20% • The 2025 drill plan
Slide 9: Vardenis: Project Overview
Vardenis: Project Overview Extensive zones of alteration & mineralization with minimal historic drilling • Located in east-central Armenia, 9,399 ha road-accessible exploration permit • Deal with Teck Resources signed 26 August 2025 • 4,561m drilled in 2025, assays in Q2 2026 • Classic porphyry-epit
Slide 10: Vardenis Work Programs
Vardenis Work Programs 2015-2017 (DPM) 2023-24 2025 • Soil geochemistry, rock sampling & trenching • Initial drilling 780m in 2 DDH, Razmik zone • Drill roads/pads rehab/construction • Limited geophysics (limited ground mag survey) • Mapping, rock chip & channel sampling • Simon Meldrum assessment •
Slide 11: Vardenis 2025 Drilling
Vardenis 2025 Drilling 10 diamond drill holes totaling 4,561m • Drilled three different mineralized zones: Soviet, Razmik NW, Artsiv prospects • Targeted surface Mo-Cu Geochem and AMT conductivity/IP chargeability anomalies • Strong to intense porphyry-style alteration • Ubiquitous quartz-sulfide ve
Slide 12: Vardenis Soil Geochem
Vardenis Soil Geochem Molybdenum in soils - note annular array Copper in soils 12
Slide 13: Urasar Project Overview
Urasar Project Overview Large-scale Au-Cu potential: Robust, 14km-long soil anomaly, numerous historic workings • 100% Hayasa owned, 3,380ha road-accessible exploration permit Urasar • Historic work (1930s and 1956-60): • Three gold and copper mineralized zones identified, numerous historic adits an
Slide 14: Urasar Work Programs
Urasar Work Programs 2023 - 2025 2026 • Soil & rock chip sampling: demonstrated robust • AMT geophysical survey, 6 lines over 12 km Cu-Au-base metal anomaly; historic Soviet work • Up to 1,000m drilling in Q2 based on results of the AMT survey confirmed • Initial interpretation: semi-continuous mine
Slide 15: Urasar 2025 Late Season Hole
Urasar 2025 Late Season Hole Overview of Oxide Basin, Copper Creek, Golden Vein Drill Hole UDD-021 – 235m 15
Slide 16: Urasar 2024 Soil Geochem
Urasar 2024 Soil Geochem Gold-in-soil Geochemistry Copper-in-soil Geochemistry 16
Slide 17: Urasar Surface Cu Anomalies
Urasar Surface Cu Anomalies 17
Slide 18: Urasar Antimony Geochemistry
Urasar Antimony Geochemistry 18
Slide 19: Future Urasar Drill Targets
Future Urasar Drill Targets 19
Slide 20: Hayasa Metals - Summary
Hayasa Metals - Summary 2024-25 Achievements ✓ Signed a gold royalty at Urasar with EMX/FNV, Jan 2025 ✓ Entered into a Vardenis Option & JV agreement with Teck Resources, Aug 2025 ❑ Securing additional properties in Armenia – in progress License applications over 3 properties have been initiated: 1)
Slide 21: Hayasa in the Community
Hayasa in the Community Building trust & creating opportunities in local communities • Early, open and ongoing dialogue via community meetings • Community improvements, including road construction to improve access • Contributions of US$60K/annum/project in land rental and direct payments • Creating
Slide 22: Appendix: Armenian Mining
Appendix: Armenian Mining • Top 10 global molybdenum producer • 8 large operating metal mines including 3 copper-molybdenum porphyries - first gold pour at Amulsar expected 2026 • Mining sector: 6.8% of GDP (2022) and 30% of export revenues (2019-2022) • Mining sector under the supervision of the Mi
Slide 23: Appendix: Armenian Gov’t
Appendix: Armenian Gov’t President & Parliament • Form of Government: Parliamentary. Prime Minister Nikol Pashinyan (elected in 2021, next elections June 2026) • The Government of Armenia's stated aim is to sustain a Western style parliamentary democracy • Membership in International organizations: