Environmental clearance for 10,000 m of additional drilling
The Company filed its environmental submission (DIA) in March 2026 and received environmental clearance on August 6, 2026.
Located in the Central Chilean Copper Belt, the same Miocene porphyry trend hosting El Teniente, Andina, Los Bronces and Los Pelambres.
The Pimentón Project hosts a copper-gold porphyry system with a 400mm tonne historic1 potential resource, access to infrastructure, and is located in the heart of some of the world's most prolific copper-gold mines. The Company is led by a team with a record of major discoveries in Chile that include Valeriano, Pascua Lama, and the Lagunas Norte project in Peru. The team is backed by deep, executive level expertise in mining engineering, drilling, finance and the Company has a strong treasury.
The team is also supported by a leading multi-generational Latin American mining family: the founders of NYSE-listed Buenaventura, alongside BlackRock and Franklin Templeton with over 30% insider share ownership and over 20% institutional ownership.



The Company filed its environmental submission (DIA) in March 2026 and received environmental clearance on August 6, 2026.
The Company holds an option to acquire, in stages, up to a 100% interest in the mining concessions comprising the Pimentón Project, pursuant to an earn-in agreement dated November 18, 2025 between Irruptive and Minera Tamidak Limitada. The interest is to be acquired through shareholdings in a Chilean joint venture company to which the concessions are to be contributed. Successive tranches are subject to the completion of staged exploration expenditures and to the sequential exercise of a series of purchase options; the failure to exercise any one option extinguishes the right to exercise those that follow it. The concessions are subject to a royalty in favour of two third parties. The full terms are set out in the Company’s Filing Statement dated July 20, 2026 and in the NI 43-101 technical report on the Project, both available on SEDAR+.
(1) Historical estimate of resource potential not prepared in accordance with the Canadian National Instrument NI 43-101 (NI 43-101). Resource potential was outlined by Rio Tinto in 2006 within an internal exploration report. The Company is not treating the historical estimate as current mineral resources or mineral reserves. Not all Rio Tinto drillholes are NI 43-101 compliant.
Satellite imagery on real terrain, at true scale. Keep scrolling and drill it.
The 2026 program twinned or near-twinned holes drilled by Rio Tinto and Anglo American.
Twin of the historical drilling at the Central target.
The intercept begins.
0.44 g/t Au, 0.43% Cu, from 181 m.
1.37 g/t Au, 0.31% Cu. A gold-dominant high-grade interval from 327 m.
The reported intercept runs from 167 m all the way to the end of the hole.
0.41 g/t Au, 0.31% Cu, from 167 m to end of hole at 962.2 m. The hole ended in mineralization.
A Cu-Au porphyry corridor currently 600 m long and 300 m wide, with four holes from two platforms.
See every interceptGrade shells: Numerical model derived from historical drillhole information. This data does not constitute a mineral resource estimate and do not meet current NI 43‑101 requirements. They are provided solely for geological interpretation and exploration guidance, and must not be used to support economic decisions.
795.2 m @ 0.66% CuEq (0.41 g/t Au, 0.31% Cu) from 167 m to end of hole at 962.2 m, including 136 m @ 0.81% CuEq and 60 m @ 1.49% CuEq. The hole ended in mineralization.

Confirming the significant copper-gold potential at the Pimentón Project
| Hole | From | To | Length (m) | Au g/t | Cu % | CuEq % |
|---|---|---|---|---|---|---|
| IMP001 | 177 | 379 | 202 | 0.22 | 0.19 | 0.38 |
| 513 | 871.4 | 358.4 | 0.29 | 0.24 | 0.49 | |
| IMP002 | 167 | 962.2 | 795.2 | 0.41 | 0.31 | 0.66 |
| High grade zone | 181 | 317 | 136 | 0.44 | 0.43 | 0.81 |
| 327 | 387 | 60 | 1.37 | 0.31 | 1.49 | |
| IMP003 | 171 | 213 | 42 | 0.12 | 0.15 | 0.25 |
| 227 | 403 | 176 | 0.15 | 0.18 | 0.31 | |
| IMP004 | 259 | 665 | 406 | 0.26 | 0.25 | 0.47 |
Intervals are reported using a cut-off of CuEq >0.2% with three dilution samples (6 m) and no top-cut applied. CuEq = Cu% + (Au g/t × 0.86). Metal prices used are the two-year average (2024-2025): US$4.95/lb Cu and US$2,918/oz Au. Recoveries were assumed equal for all metals. CuEq is used for comparison purposes only. No metallurgical recovery testwork has been completed on the Project; equal recoveries have been assumed for all metals for illustrative purposes only, so the reported CuEq values may not be representative of recoverable or economically recoverable metal.
(8) News Release: Irruptive Metals announce 795.2m grading 0.66% CuEq, Irruptive Metals Corp., August 20, 2026. (1) Historical estimate of resource potential not prepared in accordance with NI 43-101. Resource potential was outlined by Rio Tinto in 2006 within an internal exploration report. The Company is not treating the historical estimate as current mineral resources or mineral reserves. Not all Rio Tinto drillholes are NI 43-101 compliant.
Four Diamond Drillholes for a Total of 3,084 m Drilled

Probe the historical mineralization drilled by Rio Tinto & Anglo American
The historical intercepts of high-grade zone (>0.6% CuEq) are controlled by early diorite Cu-Au porphyry with moderate to strong potassic alteration
Orebody is open to NE-E-SE and at depth
Test the southern extension of the orebody
Hole 004 cut well mineralized porphyry and andesite
Mineralization remains open at the end of holes (EOH)
Hole 002, defined the boundary to the SW of the orebody
Hole ended in mineralization
Historical exploration work with great results.







Drilling, geophysics and surface gold from Central to Ridge-Breccia. Drag to rotate.
Assays (%CuEq)
Grade interpolant (%CuEq)
Rock samples (Au g/t)
3D geophysical integration, Mag-IP-Res
(*) Numerical model derived from historical drillhole information. This data does not constitute a mineral resource estimate and do not meet current NI 43‑101 requirements. They are provided solely for geological interpretation and exploration guidance, and must not be used to support economic decisions.
(*). Historical gold (Au) assays were generated during the ANCOM (Anglo‑Cominco) exploration program between 1982 and 1984. The only surviving records consist of digitized paper maps containing the original geochemical results. As these historical datasets do not meet current NI 43‑101 standards, the areas of greatest interest—particularly the Ridge‑Bx target—will be revisited and validated through mapping and sampling during the upcoming field campaign.
Target outlines transferred from the cluster map; positions approximate.



Potential discovery opportunity from Ridge-Bx, SE, Verde and Maria Elena Targets
Prior exploration programs have confirmed six additional copper gold porphyry drill targets – all appear open in several directions
Lithology, structures and targets
IP-Res-Mag anomalies, satellite spectral footprint and Au soils (*) poorly tested
3D Geophysical integration, Mag-IP-Res
Chargeability > 17 ms, Resistivity < 100 Ohm-m and Mag (MVI) > 0.004 S.I.
Potassic-altered porphyry dyke complex, drilled in 2026. Corridor currently 600 m long and 300 m wide, open to the E, SE, NE and W.
Ridge-Bx, 1 km footprint length with:
White mica of high crystallinity – Au soils anomaly >0.1 g/t + Mod-high Chg, high Conductivity and mod-high Mag
One of the six additional copper-gold porphyry drill targets.
Verde Target
High Mag and multispectral anomaly related to sericite-chlorite, muscovite and hematite
One of the six additional copper-gold porphyry drill targets.
One of the six additional copper-gold porphyry drill targets.
(*). Historical gold (Au) assays were generated during the ANCOM (Anglo‑Cominco) exploration program between 1982 and 1984. The only surviving records consist of digitized paper maps containing the original geochemical results. As these historical datasets do not meet current NI 43‑101 standards, the areas of greatest interest—particularly the Ridge‑Bx target—will be revisited and validated through mapping and sampling during the upcoming field campaign.

Major Targets Defined and Ready for Follow-On Drilling




Central to Ridge-Bx Target Section: Historical and New Holes
Mod-high anomaly related to potassic alteration Cu-Au porphyry
Magnetic vector inversion MVI > 0.002
IMP002: 795m @ 0.41 g/t Au, 0.31% Cu 0.66% CuEq(8)
RT04: 569m @ 0.34 g/t Au, 0.39% Cu
PMT02: 956m @ 0.29 g/t Au, 0.28% Cu
Poorly tested
Only one historical hole PP13: 119m @ 0.10 g/t Au, 0.34% Cu1
(1) The historical estimate of resource potential was not prepared in accordance with Canadian NI 43-101 (NI 43-101). Resource potential was outlined by Rio Tinto in 2006 within an internal exploration report. The Company is not treating the historical estimate as current mineral resources or mineral reserves. Not all Rio Tinto drillholes are NI 43-101 compliant.

The Opportunity
Historical exploration work with great results.
Majors previous exploration: Anglo American, Rio Tinto, and Cerro Grande Mining drilling programs & a geophysics program by First Quantum Minerals
Historical drillholes: 23 holes @ 14,456 m total, across district.
Rio Tinto (2006): 8DDH@ 3,891m; AA (2008): 2DDH@ 2,038m; Cerro Grande Mining (2011-2013): 13DDH@8,527. ~4,000m available to resampling
Central target. Historical (Non 43-101 compliant) potential resource by Rio Tinto in 2006: 400 Mt@0.40% Cu and 0.43 g/t Au, cut off Cu 0.2% 10 DDH@6413m.
~956 m @ 0.58% CuEq (0.28% Cu / 0.29 g/t) (from 78 m) – Anglo American, 2008 was stopped while still in mineralization(1)
598 m @ 0.58% CuEq (0.30% Cu / 0.34 g/t Au) (from 84 m), incl. 330 m @ (0.70% CuEq / 0.90 g/t AuEq) – Rio Tinto 2006(1)
Historically, majors were searching for a >1Bt deposit at >1% Cu as a standalone tier-1 asset
Pimenton failed the historical search criteria and is now viewed as a standalone company-maker project with the potential to achieve tier-1 status
Anglo American’s historical drillhole ended in mineralization
Geophysics indicate that mineralization at the Central target remains open with potential to connect with Ridge and other targets that also remain open
First Quantum decided to terminate the option agreement, largely in part due to the challenging political situation in Chile at the time (2020)
Today's metal prices and desirability for mid-size porphyry projects give Pimenton a new economic context
The deposit that failed a major's screen in 2006 is now positioned as a company-maker at 2026 prices
Sensitivity Table (illustrative, in-situ gross: NOT recoverable value)
not an indication of recoverable or economic value

Over 300 Blbs of Contained Cu
Located in the Same Miocene Porphyry Trend Hosting Tier-One Deposits
| Km | Project | P&P Reserves | M&I Resources | Inferred Resources |
|---|---|---|---|---|
| Operating Mines: Cu lb billions | ||||
| 75 | Andina2 | 16.9 | 86.9 | 209.4 |
| 75 | Los Bronces3 | 16.8 | 56.9 | 126.3 |
| 95 | Los Pelambres4 | 9.2 | 36.7 | 26.4 |
| 175 | El Teniente5 | 15.7 | 88.2 | 113.2 |
| Development Projects: Cu lb billions (1) | ||||
| 13 | West Wall6 | 0 | 9.82 | 12.56 |
| 25 | Vizcachitas7 | 11 | 15 | 15 |
Ar-Ar dating of alteration at Pimentón returned Upper Miocene ages of 9.94 ± 0.14 Ma and 10.37 ± 0.19 Ma (Rio Tinto Mining and Exploration Limited, 2006).
The mines and development projects shown above are not located on the Pimentón Project. The Company has no interest in, and no right to acquire any interest in, those properties. Mineralization on those properties is not necessarily indicative of mineralization on the Pimentón Project, and no inference should be drawn that the Company will obtain similar results on the Pimentón Project. Footnotes 2 to 7: see References.
Peer Porphyry Deposits
| Pimentón | Pecoy | Vizcachitas | Valeriano | Warinza | |
|---|---|---|---|---|---|
| Owner | ![]() | ![]() | ![]() | ![]() | ![]() |
| Market Capitalization (C$M)9Oct. 28, 2026 | $156 | $389 | $365 | $703 | $1,617 |
| Location | Valparaíso, Chile | Arequipa, Peru | Valparaíso, Chile | Atacama, Chile | Morona Santiago, Ecuador |
| District | Central Chilean Copper Belt | Southern Peruvian Copper Belt | Central Chilean Copper Belt | Central Chilean Copper Belt | Zamora-Chinchipe |
| Geology | High-sulphidation Au epithermal veins with Cu rich porphyry | Cu-Mo-Au porphyry and skarn mineralization | Porphyry Cu-Mo deposit | Porphyry Cu-Au deposit | Cu-Mo porphyry system |
| Mineral Reserve% CuEq | Mlbs CuEq | N/D(8) | N/D(10) | 0.40% | 10,889(11) | N/D(12) | 0.41% | 1,300(13) |
| M-I Resource% CuEq | Mlbs CuEq | N/D | N/D | 0.44% | 14,801 | 0.88% | 4,800(ii) | 0.32% | 26,427 |
| Inferred ResourceMton | %CuEq | Historical resource potential (non 43-101) 400 / 0.7% (1) | 865 | 0.34%(i) | 1,823 | 0.38 | 1,511 | 0.75% | 2,092 | 0.2% |
| Inferred Resource% CuEq | Mlbs CuEq | Historical resource potential (non 43-101) 0.7% | 6,172(1) | 0.34% | 6,451 | 0.38% | 15,444 | 0.75% | 24,983 | 0.2% | 9,224 |
| Total Drill Meters (m) | ~18,000(8) | 56,461 | ~60,000 | 73,550 | 200,000 |
| Top Drill Hole | 956 m of 0.28% Cu, 0.29 g/t Au | 598 m of 0.30% Cu, 0.35 g/t Au, including 330 m of 0.39% Cu, 0.41 g/t Au(1) | 478 m of 0.36% Cu, 0.26 g/t Au, including 118 m of 0.48% Cu, 0.48 g/t Au(14) | 1,177 m of 0.43% Cu, 0.02% Mo(15) | 1,220 m of 0.66% Cu, 0.28 g/t Au, 0.013% Mo, 1.9 g/t Ag(16) | 922 m of 0.79% Cu, 0.08 g/t Au, 0.03% Mo(17) |
| Land Package (ha.) | 3,121 | 9,975 | 55,711 | 25,000 | 66,773 |
(1.) Historical estimate of resource potential not prepared in accordance with NI 43-101. Resource potential was outlined by Rio Tinto in 2006 within an internal exploration report. The Company is not treating the historical estimate as current mineral resources or mineral reserves. Not all Rio Tinto drillholes are NI 43-101 compliant. Note: (i) Pecoy Copper is only measured on Cu basis; not CuEq in this table. (ii) ATEX does not yet have a Measured Resource category. See References for sources of data.
$59M in Cash and Over 50% Held by Institutions and Insiders
| Basic Shares Outstanding (M) | 163 |
|---|---|
| Options / DSUs (M) | 3 |
| Warrants Outstanding @ $1.65 (M) | 24 |
| Fully Diluted Shares Outstanding (M) | 190 |
* Share Price October 28, 2026 | money.tmx.com/en/quote/IRR
54.4%Institutions + Insiders
Leaders in South American Exploration & North American Capital Markets

President, CEO & Director

CFO

Country Manager & Founder

Chief Geologist, QP

Chile Finance Manager

VP Investor Relations

Chairman

Director

Director

Director

Director

Advisor to the Board

Advisor to the Board
Confirming the significant copper-gold potential at the Pimentón Project
Reprocessing of historical geophysics (Magnetometry, IP-Res & MT) to improve and prioritize targets, Q3-2026
Conduct geometallurgical sampling and mineralogical/metallurgical test work
Resampling historical holes in central target (PP18 & PP04) to include in updated NI 43‑101 Technical Report with initial inferred resource estimate in 2027
Advance drilling to test lateral and deep extensions of the Central target to expand the initial resources, Q4 2026 to Q1 2027/2028
Obtain the environmental permits (DIA) to drill the Ridge-Bx, SE, Verde and Maria Elena targets to consolidate the Pimentón project as a high-potential Cu-Au resources, Q1-2028
(11) Historical estimate of resource potential not prepared in accordance with NI 43-101. Resource potential was outlined by Rio Tinto in 2006 within an internal exploration report. The Company is not treating the historical estimate as current mineral resources or mineral reserves. Not all Rio Tinto drillholes are NI 43-101 compliant. (8) News Release: Irruptive Metals announce 795.2m grading 0.66% CuEq, Irruptive Metals Corp., August 20, 2026.

Press releases, operational updates and corporate news, delivered as they are published.
Alfredo Bazo Rodriguez
President, CEO & Director
info@irruptivemetals.com
Adam Buchanan
VP, Investor Relations
(416) 800-1066
adam@irruptivemetals.com
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Irruptive Metals Corp.
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