BeMetals_Presentation_October_2025 .pdf

BeMetals Corp. is a precious and base metals exploration company backed by B2Gold, advancing a diversified portfolio that includes the Savant Gold Project in Ontario, the Pangeni Copper Project in Zambia, and the Kazan Gold Portfolio in Japan. The company is led by a proven team of mine builders and explorers with strong technical partners and funding support, targeting tier-one discoveries in top-tier jurisdictions.

1. BUILDINGTHEFUTURE
WITHMETALS
October2025
TSX-V:BMET
OTCQB:BMTLF
FRANKFURT:1OI.F
bemetalscorp.com

2. FORWARDLOOKINGSTATEMENTS
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
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Thispresentationcontains"forward-lookingstatements"and“forwardlookinginformation”(asdefinedunderapplicablesecuritieslaws),basedonmanagement’sbestestimates,assumptionsand
currentexpectations.Suchstatementsincludebutarenotlimitedto,statementswithrespecttotheplansforfutureexplorationanddevelopmentoftheSavantGoldProject,KazanGold
Project,PangeniCopperProject,andtheacquisitionofadditionalbase/preciousmetalprojects.Generally,theseforward-lookingstatementscanbeidentifiedbytheuseofforward-looking
terminologysuchas"expects","expected","budgeted","forecasts","anticipates""plans","anticipates","believes","intends","estimates","projects","aims","potential","goal","objective",
"prospective",andsimilarexpressions,orthateventsorconditions"will","would","may","can","could"or"should"occur.
Thesestatementsshouldnotbereadasguaranteesoffutureperformanceorresults.Suchstatementsinvolveknownandunknownrisks,uncertaintiesandotherfactorsthatmaycauseactual
results,performanceorachievementstobemateriallydifferentfromthoseexpressedorimpliedbysuchstatements,includingbutnotlimitedto:risksrelatedtotheSavantGoldProject,
KazanGoldProjectandPangeniCopperProject;risksrelatedtogeneraleconomicconditions,actualresultsofcurrentexplorationactivities,unanticipatedreclamationexpenses;fluctuationsin
pricesofbaseandpreciousmetals;fluctuationsinforeigncurrencyexchangerates,increasesinmarketpricesofminingconsumables,possiblevariationsinresourceestimates,gradeorrecovery
rates;titledisputes,claimsandlimitationsoninsurancecoverageandotherrisksoftheminingindustry;delaysinthecompletionofexplorationactivities,changesinapplicablegovernment
regulationofminingoperations,taxrulesandregulations;uncertaintiesaroundraisingsufficientfinancinginatimelymannerandonacceptableterms;andpoliticalandeconomicdevelopmentsin
countriesinwhichtheCompanyoperates.AlthoughtheCompanyhasattemptedtoidentifyimportantfactorsthatcouldcauseactualresultstodiffermateriallyfromthosecontainedinforward-
lookingstatements,theremaybeotherfactorsthatcauseresultsnottobeasanticipated,estimatedorintended. Therecanbenoassurancethatsuchstatementswillprovetobeaccurate,as
actualresultsandfutureeventscoulddiffermateriallyfromthoseanticipatedinsuchstatements.Theforward-lookingstatementsandforwardlookinginformationaremadeasofthedatehereof
andarequalifiedintheirentiretybythiscautionarystatement.TheCompanydisclaimsanyobligationtoreviseorupdateanysuchfactorsortopubliclyannouncetheresultofanyrevisionsto
anyforward-lookingstatementsorforwardlookinginformationcontainedhereintoreflectfutureresults,eventsordevelopments,exceptasrequirebylaw.Accordingly,readersshouldnotplace
unduerelianceonforward-lookingstatementsandinformation.PleaserefertotheCompany’smostrecentfilingsunderitsprofileatwww.sedar.comforfurtherinformationrespectingthe
risksaffectingtheCompanyanditsbusiness.
CautionarynotetoUnitedStatesinvestorsconcerningestimatesofmeasured,indicatedandinferredmineralresources.
ThispresentationcontainscertaindisclosurethathasbeenpreparedinaccordancewiththerequirementsofCanadiansecuritieslaws,includingCanadianNationalInstrument43-101(“NI43-101”),
whichdifferfromthecurrentrequirementsoftheU.S.SecuritiesandExchangeCommission(“SEC”)setoutinIndustryGuide7.Inparticular,thispresentationrefersto“mineralresources,”
“measuredmineralresources,”“indicatedmineralresources,”and“inferredmineralresources. ”WhilethesecategoriesofmineralizationarerecognizedandrequiredbyCanadiansecuritieslaws,
theyarenotrecognizedbyIndustryGuide7andarenotnormallypermittedtobedisclosedinSECfilings.UnitedStatesinvestorsarecautionednottoassumethatalloranyofmeasured,
indicatedorinferredmineralresourceswilleverbeconvertedintomineralreserves.UnderIndustryGuide7,mineralizationmaynotbeclassifiedasa“reserve”unlessthemineralizationcanbe
economicallyorlegallyextractedatthetimethe“reserve”determinationismade."Inferredmineralresources"haveagreatamountofuncertaintyastotheirexistenceandeconomicandlegal
feasibility.Itcannotbeassumedthatalloranypartofaninferredmineralresourcewilleverbeupgradedtoahighercategory. Disclosureof"containedounces"inaresourceispermitteddisclosure
underCanadianreportingstandards; however,IndustryGuide7normallyonlypermitsissuerstoreportmineralizationthatdoesnotconstitute"reserves"byIndustryGuide7standardsasin-place
tonnageandgradewithoutreferencetounitmeasures.
JohnWilton(CGeolFGS),President,CEOandDirectorofBeMetalsCorp.isthe“qualifiedperson”forthepurposesoftheNationalInstrument43-101StandardsofDisclosureforMineralProjects
(NI-43-101),andhehasreviewedandapprovedthetechnicaldisclosurecontainedinthispresentation.

3. INVESTMENTHIGHLIGHTS-VALUEPROPOSITION
Proven Leadership Team: Led by several current andformer B2Gold executives, the team has a strong history of
identifying and advancing high-quality resource projects through to production.
Strong Backing: BeMetals is supported by B2Gold, a senior gold producer, providing technical expertise, funding and strategic
guidance. Our Pangeni Copper Project is co-funded (27.8%) by JOGMEC (a Japanese state agency) and the Kazan Gold Portfoliois
now being advanced with funding by a private Australian exploration company with operational experience in Japan.
Exploration Success:The discovery of copper mineralization at Pangeni has Tier-One potential with significant drilling results
including intercepts of: 18.10m @ 0.70% Cu, 16.16m @ 0.74% Cu, 23.20m @ 0.54% Cu and 14.78m @ 0.42% Cu.Mineralization is
of similar style, width, grade, and geology of the large-scale Lumwana Copper Mine in the same region.
Tier-1 Jurisdiction Exposure: Projects in Zambia, Japan, and now Canadagive BeMetals access to geopolitically stable,
mining-friendly regions with significant exploration potential.
Diversified Asset Portfolio of Value: Leverage to both copper(green energy demand) and gold (store of value), providing
diversified exposure to key global trends. Recent e
xpansion of our portfolio with the Savant Gold Project in Ontario to complement
advancing thePangeniCopperProjectinZambiaandKazanGoldPortfolioinJapan.TheCompanyalso continues to evaluate additional
high-valuebase& precious metalopportunities.
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4. BOARDOF DIRECTORS&MANAGEMENT
MARKCONNELLY
NON-EXECUTIVECHAIRMAN-INDEPENDENTDIRECTOR
FormerManagingDirectorofASXlistedPapillonResources(previousownerof
theworld-classFekolaDeposit),whichmergedwithB2Goldin2014.AsCEOand
ManagingDirector,healsoledthemergerbetweenPerth-basedAdamus
ResourcesandEndeavourMiningCorp.in2011.WinneroftheMiningJournal’s
CEOoftheYearAwardin2014.
CLIVEJOHNSON
INDEPENDENTDIRECTOR
FounderofBemaGoldandB2Gold(NYSE:BTG,TSX:BTO).Currentlyservesas
President,CEO&DirectoratB2GoldandpreviouslyatBemaGold(NYSE&TSX:
BGO).CollectivelyhehasraisedoverUS$2billioninequityanddebtfinancings
fortheconstructionofnumerousprofitableoperatingminesaroundtheglobe.
Today,B2Goldhasgrowntobecomealeadingseniorgoldproducer.
TOMGARAGAN, BSc(Honours)Geology
INDEPENDENTDIRECTOR
FounderofB2Gold.FormerlySeniorVicePresident,ExplorationatB2Gold
(NYSE:BTG,TSX:BTO)andpreviouslyatBemaGold(NYSE&TSX:BGO).He
hasledtheexplorationteamswhichhavediscoveredover32millionouncesof
gold,6billionpoundsofcopperand56millionouncesofsilver.Histeams’
discoveriesincludeRefugioandCerroCasaleinChile,aswellasKupolinfar-east
Russia.
ROGERRICHER, BA,LLB
INDEPENDENTDIRECTOR
FounderofBemaGoldandB2Gold(NYSE:BTG,TSXBTO).FormerlyExecutive
VicePresident,GeneralCounsel&CorporateSecretaryofB2Goldandpreviously
atBemaGold(NYSE&TSX:BGO).Currentlyconsultsforthelegalaffairs,
corporaterecordsandcorporategovernanceofB2Gold.HehasaBachelorof
ArtsandaBachelorofLawdegreefromtheUniversityofVictoria.
JOHNWILTON, BSc(Honours)Geology
PRESIDENT,CEO&DIRECTOR
35yearsofexperienceinthemineralsindustryincluding20yearsintheZambianandDRC
Copperbelt.Experiencerangingfromtargetgenerationtofeasibilitystudiesandbusiness
developmentforbaseandpreciousmetals. From2010-2017,hewastheRegional
ExplorationManagerofAfricaatAntofagastaPLC.Hewasalsoaprincipalmemberof
boththediscoveryandresourcedevelopmentteamsoftheOtjikotoGoldMineinNamibia
withAnglovaalMiningandco-recipientoftheHennoMartinMedalfromtheNamibian
GeologicalSocietyforhisroleinthediscovery.
NICKFURBER, CA(UCAEW),CFA
CHIEFFINANCIALOFFICER
Has29yearsexperienceinmanagementandprovidingfinancialadvisoryservicesfor
privateandpubliclytradedcompanies.Over10yearsasCFOandCorporateSecretary
ofDynastyMetals&Mining,whichevolvedfromajuniorgoldexplorationcompanyinto
aTSXlistedgoldproducer.10+yearswithPricewaterhouseCoopersfocusedon
accounting,M&A,valuationsandduediligence.
DEREKIWANAKA, B.Comm(Marketing)
VICEPRESIDENT,INVESTORRELATIONS&CORPORATE DEVELOPMENT
Bringsawealthofinvestorrelations,marketingandfundraisingexperience.Duringhis23
yearsintheminingsectorhehasbuiltanextensivenetworkofanalysts,newsletter
writers,retailbrokersandinstitutionalinvestors. HestartedhiscareerwithBemaGoldin
2002andhassincebeeninstrumentalin20mergers,acquisitions,anddivesturesofgold,
silver,nickel,anduraniumpropertiesandcompanies.
KRISTENREINERTSON
CORPORATESECRETARY&DIRECTOR
Hasover15yearsofexperienceincorporateadministrationandfinancial
advisoryservicesforpubliccompaniesinthenaturalresourcesector.She
hasactedasCorporateSecretaryandChiefFinancialOfficerfor
numerousCanadianlistedcompanies.
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5. TECHNICALADVISORS
RICHARDSILLITOE, Ph.D.
TECHNICAL ADVISOR-ECONOMICGEOLOGIST
World-renownedeconomicgeologistwhohasbeenan
economicgeologicalconsultantforover45yearsandhas
workedinmorethan100countries. Hehasmademajor
contributionstothediscoveryofavarietyofdepositsandhas
authoredover130economicgeologyarticlesaswellasthree
books.Specializesindepositmodelingusingfield
observationsanddrillcore.
DENNISSTANSBURY, BSMiningEng.
TECHNICALADVISOR-MININGENGINEER
FounderofB2Gold.CurrentlySeniorVicePresident,Engineering
&ProjectEvaluationsatB2Gold(NYSE:BTG,TSX:BTO)andwas
previouslyVicePresident,Production&DevelopmentatBema
Gold.Hehasover45yearsofengineering,construction,
productionandmanagementexperienceatsurfaceand
undergroundminesin15countries.Ledthedevelopmentteams
incompletingfiveminesonscheduleandonbudget.
Discoveredmorethan
34Moz
ofgold,56Mozof
Silverand6Blbsof copper
(1)
Producedover11.3Mozofgold
generatingoverUS$15.8Bin
goldsalesrevenue
(1)
RaisedinexcessofUS
$3.4B
andhaveconstructedandor
operated10minesglobally
(1)
Ledbytopminefinders,buildersandoperatorswhohavecollectively:
(1)AllnumbersarecalculatedusingconsolidateddatafromBemaGoldCorp.andB2GoldCorp. asat yearend2024 .
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6. PROVENTRACKRECORDOFCREATINGVALUE:
OURCOMPETITIVEADVANTAGE
KupolGoldMine,Russia
B2Gold-OtjikotoGoldMine,Namibia
1988
InitialMarket
Capitalization:
C$34M
Acquiredby
Kinrossfor
C$3.5B
+10,286%
GROWTH
2007
InitialTSX-V
MarketCapitalization:
C$12M
2018 2025
MarketCapitalization:
C$18.3M
(1)
InitialMarket
Capitalization
:
C$100M
2007
MarketCapitalization:
C$9.4B (1)
2025
BMET-PangeniCopperProject,Zambia
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+9,400%
(1)
GROWTH
(1)Marketcapitalizationand%growthare calculatedas ofOctober 10 ,2025
B2Gold-FekolaGoldMine, Mali
+52%
(1)
GROWTH

7. B2GOLDISACORNERSTONESTRATEGICINVESTOR
B2Goldhasprovidedsignificantfundingtodateandiscurrentlya24%shareholder
B2Gold is an responsible international senior gold producer headquartered in Vancouver, Canada
with operating gold mines in Canada, Mali, Namibia and the Philippines.
BenefitstoBeMetals:
•ValidationofBMET’smanagement,directorsandstrategy
•Providesfinancial&technicalsupportforitsexplorationprojects, aswell
asforevaluatingnewacquisitionopportunities
•B2Goldactsas apipelineforappropriatelyscaledbutpotentially
high-valueprojectopportunities
BenefitstoB2Gold:
•Providesexposuretoqualitymineralprojectsthatmaynotinitiallymeet
B2Gold’s investmentcriteria(i.e.Earlierstagebasemetal(copper) & gold
opportunities)
•PositionsB2Goldasanearlycornerstoneinvestorinanemergingbasemetals
(copper) & potentially other commodity exploration anddevelopmentcompany
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8. BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
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CORPORATEBASE
VANCOUVER,CANADA
PANGENIPROJECT
WESTERN,ZAMBIA
World-class copperdiscoverypotential
alongtheCentralAfricanCopperBelt
whereover220milliontonnesofCuhas
beenproduced,number of large- scale
mines developed in last decades with
expansion projects.Zambia: FQM, Barrick
producing, Rio Tinto, Anglo American,
Kobold Metals exploring.
OUREXPANDING PROJECT PORTFOLIO
Current portfolio ofhigh-quality copper and goldexploration projectslocated in globally key mineral belts
KAZANGOLDPROJECT
HOKKAIDO&KYUSHU,JAPAN
Fiveprojectswithhigh-gradegold
discoverypotential
Savant Gold Project
Northwestern Ontario, Canada
Tier 1 mining jurisdiction with several large scale gold mines such as the Musselwhite and Red Lake gold mines in the region.

9. EXPLORING FOR DISTRICT SCALE GOLD DISCOVERIES
ALONG THE CANADIAN SHIELD
Photo of Orla Mining’s Musselwhite Gold Mine in Ontario

10. SAVANT GOLD PROJECT, ONTARIO
STRATEGIC LOCATION IN A PROLIFIC GOLD CAMP
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Ontario
Savant Gold Project
Canada (1) Orla Mining’s Musselwhite Mine produced 212koz Au in 2024
M&I Resources: 1.8 Moz (9.5 Mt @ 5.77 g/t Au)
PP Reserves: 1.5 Moz (7.4 Mt @ 6.23 g/t Au)
See https://orlamining.com/asset/musselwhite/
(2) Evolution Mining’s Red Lake Mine produced 112.7koz Au in 2024 M&I Resources: 11.6 Moz (55.1 Mt @ 6.56 g/t Au)
PP Reserves: 2.7 Moz (2.4 Mt @ 6.87 g/t Au)
See
https://evolutionmining.com.au/red- lake/
(3) New Gold’s Rainy River Mine produced 226koz in 2024 M&I Resources: 1.3 Moz Au (35.1 Mt @ 1.62 g/t Au)
P&P Reserves: 2.1 Moz (52.9 Mt @ 1.25 g/t Au)
See https://rainyriver.newgold.com/about/#
Thunder Bay
•BMET is earning up to 100% ownership of the Savant Project
•Property is situated inNW Ontario’s proven greenstone gold belt,
surrounded by large mines and deposits:eg. Red Lake
(1)
, Musselwhite
(2)
,
Rainy River
(3)
.
•District-scale land position (23,252 ha) with underexplored iron formations
and favorable shear zones that can be conduitsfor gold mineralization.
CANADA

11. SAVANT GOLD PROJECT, ONTARIO
IN A PRIME LOCATION
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Excellent access:Highway 599 runs through the project
area, providing year-round road access.
Supportive infrastructure:Close proximity to rail, power,
and mining service centers like Sioux Lookout and Dryden.
Strong jurisdiction:Ontario is a top-tier mining jurisdiction
with supportive regulations and skilled local workforce.

12. SAVANT GOLD PROJECT, ONTARIO
HIGH GRADE GOLD ACROSS MULTIPLE DEFORMATION ZONES
BUILDINGTHEFUTURE WITHMETALS
Multiple deformation zones:The Wiggle (WDZ) and Snowbird/Shoal (SSDZ)
deformation zones cut across the property, creating prime structural settings for gold
mineralization.
High-grade surface samples:Numerous historical rock samples have shown
significant gold values, including up to 99.6 g/t Au at Shoal, 56.2 g/t Au at Wiggle, and
25.7 g/t Au at Snowbird.
Historical and recent work combined:Map integrates historical drill holes with
2022 sampling, confirming widespread gold along iron formations and deformation
corridors.
Clustered mineralized zones:Several prospects (Wiggle Creek, Snowbird,
Horseshoe, Shoal/L28, One Pine, Big Sandy, StillarBay) indicate a district-scale
mineralizing system with multiple potential targets.
Planned 2025 Activities
•Finalize exploration agreement with local First Nations
•Initiate exploration field program to generate and prioritize drill targets for 2026

13. BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
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TARGETING TIER1COPPER DISCOVERIES
UNDER COVER IN THE PROLIFIC ZAMBIAN COPPERBELT

14. WHY ZAMBIA?
ZAMBIAN RECENT HIGHLIGHTS
•The Lumwana Mine is building a “Super Pit”to increase copper
production to 240ktpafrom 2028.
•TheKansanshi Mineis undergoing a US$1.25Bexpansion to
extend its mine life and boost Cu production up to 180ktpain 2025.
•Bill Gates /Jeff Bezos backed AI exploration company, Kobold
Metals has recentlyannounced acquisition & exploration of a large
high-grade Cu project on the eastern side of Zambian Copperbelt
•The Lobito Corridor project is a 1,300km railway upgrade that links
the Copperbelt to the western Angolan seaboard port of Lobito.
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•Zambia is a mature democratic country with a long history of world-class copper mine developments.
•The Zambian and CentralAfricanCopperbelt(“Copperbelt”)hostnumerousworld-classcoppermines,majordevelopments
andregionalexploration projects.
•President Hakainde Hichilema (“HH”) is pro-business and Zambia is moving forward with two bills to boost Zambian copper
production from 800 kt/year to 3mt/year by 2031.
•Hydro-electric power for “green-copper”, with experienced local skills & suppliers in copper mining business
Pangeni Copper Project
Lumwana
Kamoa-
Kakula
Kansanshi
Sentinel
Regional Copper Mines
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15. •Targeting Tier-Onesediment-hosteddepositsinone ofthe
mostprolificcopperdistrictsintheworld.
•ExplorationonwesternsideoftheCopperbelthas
historicallybeenchallenged duetoanextensivelayerof
Kalaharisandmaskingmuchoftheunderlyingbedrock
geology.
•The Pangeni property isfavouredwithathinconcealing
layerofsand cover(avg.25mthickness)whichsignificantly
improvesprobabilityofdiscoverysuccess.
•Co-investingpartnerJapanOrganizationforMetalsand
Energy Security(“JOGMEC”)hasfunded C$4.1MtoSep. 30,
2024,andcovers27.8%pro-rataexplorationexpenses.
(1)
PANGENICOPPEREXPLORATIONPROJECTINZAMBIA
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ZAMBIA
(1) Pangeni Project rights are secured under an option agreement with Pangeni Mineral Resources (Zambian
partner), Copper Cross Zambia (Technical Partner) and JOGMEC.
(*) AngloAmericaninvestinguptoUS$88.5MinZambian JVwithArcMineralsLtd. SeeArcMineralsnews
releasesdatedApr.20,2023andDec.5,2022formoredetails
*
PANGENI COPPER PROJECT
Kamoa-
Kakula

16. THEPROLIFICDOMESREGIONOFZAMBIA
Meas.&Ind.Resources:DomesRegionCuDeposits
MineName
Tonnage
(Mtonnes)
Cu
Grade
(%)
ContainedCu
(MTonnes)
ContainedCu
(Blbs)
2023Cu
Production
(Tonnes)
Lumwana
(1)
1,360 0.52 7.1 15.5 118,000
Kansanshi
(2)
845 0.66 5.6 12.3 134,827
(4)
Sentinel
(3)
762 0.46 3.5 7.7 214,000
(5)
PangeniCopperProject
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Lumwana ‘Super Pit’ project in progress to expand to 240ktpa of copper.
1)Source:https://www.barrick.com/English/operations/lumwana/default.aspx
2)Source:https://www.first- quantum.com/English/our-operations/operating- mines/kansanshi/reserves-and-resources/default.aspx
3)Source:https://www.first-quantum.com/English/our-operations/operating- mines/sentinel/reserves-and-resources/default.aspx
4)Source:https://www.first- quantum.com/English/our-operations/operating-mines/kansanshi/production- statistics/default.aspx
5)Source:https://www.first- quantum.com/English/our-operations/operating-mines/sentinel/production- statistics/default.aspx

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D-PROSPECT FOOTPRINT VS. CHIMIWUNGO (LUMWANA MINE)
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Drilling to date has identified 3km length
footprint scale at our D- Prospect, which is
comparable to the Lumwana Copper
Mine’s ChimiwungoDeposit.
Recent Highlight Holes Include:
•D24-C1:16.16m @ 0.74% Cu with 533
ppm Co
•Hole D22-C1:18.10m @ 0.70% Cu
•Hole D11-C3:23.20m @ 0.54% Cu,
including 7.90m @ 0.92% Cu
•Hole D22-C2:14.78m @ 0.42% Cu,
including 4.88m @ 0.65% Cu
•Hole D14-C1:12.91m @ 0.37% Cu
(within 69.41m @ 0.25% Cu)

18. PANGENI PROJECT: ADDITIONAL TARGETS FOR FOLLOW- UP
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2025 Highlights at D-Prospect
•Outlined the Ingwe Shoot as a
higher-grade copper zonewith
dimensions of approximately600
metres long, 14 to 23 metres thick,
and 250– 350 metres wide.
•The Ingwe Shootis within the
broaderNkala Zone, which now
spans at least1.4 kilometres
along trendof the larger
mineralized corridor over1.7
kilometres in length.
•Drill hole D8-C1has intersected
promising geology and copper
anomalies under the shallow cover
at thenew Nkala Northwest
target.
•Similar spatial distribution of
mineralized shoots and deposits
seen at the Lumwana Copper Mine

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Pangeni Project:
3D View Looking NE & Magnetics With Cross Sections
Cu mineralization extends from base of sandcover

20. PANGENI PROJECT VS. LUMWANA MINE’S MALUNDWEDEPOSIT
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Example Cross Section: MalundweDeposit
(2)
“The mineralization is closely similar in geological setting and
style to that exploited at the Lumwana Copper Mine, farther
east in the Domes region.”
Dr. Richard Sillitoe, February 2024
D-Prospect
Mica-Kyanite Schist
D24-C1 D11-C3
D-Prospect
Mica Qz-Kyanite Schist
LumwanaMine
Ore Schist (Mica-Kyanite)
Lumwana Copper Mine in Zambia
1.FirstQuantumMineralsLtd.website,MineralReserves-asatDecember31,2022,andreportedbasedonalong-term$3.00/lbCuprice.Thecurrentdepletedin-pitMineralReserveasatDecember31,2022forSentinel.
2.BarrickGoldCorporationwebsite,MineralReserves–December31,2013,TechnicalReportontheLumwanaMine,North-WesternProvince,RepublicofZambia,BarrickGoldCorporation,ReportforNI43-101,March27,2014.
3.Bernau, R.,Roberts,S.,Richards,M.,Nisbet,B.,Boyce,A.,Nowecki,J.(2013) ThegeologyandgeochemistryoftheLumwanaCu(±Co±U)deposits,NWZambia. MineraliumDeposita,48:137–153.
TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
Hallmarks
Pangeni
(D-Prospect)
Sentinel/Lumwana
1,2
Copper Interval Grades (0.32 -0.74%)   (0.46% & 0.52%
1,2
)
Zone Thickness (12 - 23 metres)
  (14m MalundweDeposit
3
)Higher Grade Copper Zones
(Controlled by structures/shoots)
 
Host Rock & Alteration Minerals
(Mica Schists & Kyanite)
 
Copper Mineral Zonation
(Chalcopyrite & Bornite)
  (Lumwana)

21. D-Prospect & Other Targets Core
Intersections (Property = 575km
2
):
Previousdrillingincluded the following:
•CT1:[email protected]%Cufrom39.00m
•CT3: 6.00m @ 0.35% Cu from 176.00m
•SW1:[email protected]%Cufrom142.50m
•E2-C1:[email protected]%Cufrom145.0m
•E2-C3:[email protected]%Cufrom242.20m
•Q3-C1:[email protected]%Cufrom92.36m
•G2-C1:[email protected]%Cufrom157.58m
•and: [email protected]%Cufrom 163.58m
•P1-C1:[email protected]%Cufrom158.80m
•D3-C2: 0.51m @ 0.42% Cu from 124.89m
•D5-C2: 0.50m @ 0.62% Cu from 136.25m
PANGENIPROJECT:LICENCESCALE COPPERFERTILITY
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22. BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
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THEKAZANGOLDPROJECT:
APORTFOLIOOFHIGHLYPROSPECTIVEGOLDPROPERTIES
IN JAPAN

23. 200km
BeMetals' Projects(B2GoldShareholder)
JapanGold(BarrickAlliance/NewmontShareholder)
IrvingResources(NewmontShareholder)
Sumitomo Metal Mining’s Hishikari Gold Mine
Hokkaido
Honshu
Shikoku
Kyushu
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Kato
(Gold)
Todoroki
(Gold&Silver)
Konomai
(Gold)
Hokusatsu
(Gold)
Tashiro
(Gold)
KONOMAI is located just north of Japan’s 2
nd
largest past producing gold mines. In 2023, BMET completeda
soilandrock chipsampling program nearthe historical OtowaGold Mine. Basedonthe samplingand recent soil
surveys BMET has generatedfuture drilltargets for the property.
KAZANGOLDPORTFOLIOOVERVIEWINJAPAN
KATO is the most advanced project in the Kazan portfolio.To date, BMET has completed core drilling with encouraging
results including holes: KT22-11 of 11.5m @ 6.42 g/t Au, including 4.52m @ 11.88 g/t Au, KT22-12 of 26.1m @ 3.06 g/t
Au, and the most southern KT23-17of 1.00m @ 6.31 g/t Au with additional zones of gold intersected. Drilling at the high-
grade Seta and Kamitake veins indicate the Kato corridorhosts gold bearing veins ~200m wide and at least 1.3km in
strike. The property hosts the Kato corridor and multiple additional targets for epithermal gold mineralization.
The TODOROKI hosts the past producing high- grade Todoroki gold and silver mine. The Company’s exploration
work includes surface sampling that confirmed the historical ~10 g/t gold production grades with associated high grade
silver. A drilling program is required to vector into such vein extensions and new targets within the property.
AtTASHIRO, following-up on historical high- grade vein intersections at the Noya& Noya
SW targets, including holes of 63.90 g/t Au & 16.70 g/t Ag over 0.47m, 28.60 g/t Au & 12.90
Ag over 1.08 m and41.60 g/t Au & 28.40 g/t Ag over 0.30m. In 2023, a drone magnetic
survey was conducted and has been combined with historical drilling to generate 2-3 priority
drill targets to test extensions of two significant zones of vein- hosted gold mineralization.
HOKUSATSU is along strike of Sumitomo’s high- grade Hishikari Gold Mine. The
property hosts past producing OkuchiMine and is adjacent to the historical Fuke
Mine. BMET has completed a phase of reconnaissance mapping and stream
sediment sampling. New data to be integrated with OkuchiMine data to generate
drill targets.
Kato
(Gold)
In August 2025, BMET entered into a funding agreement with a private Australian exploration company with extensive experienceoperating
in Japan.

24. CORPORATEOVERVIEW(AsatOctober 10,2025)
CAPITALSTRUCTURE
BMETSHAREPERFORMANCE(1Year) ENTERPRISEVALUE
MarketCap
C$18.3M
Cash
C$1.5M
Debt
C$7.3 M
(1)(2)
SHAREOWNERSHIP
(1)BMET has an unsecured US$5MloanfromB2Goldwithan interestrateof6.7%pamaturingAug.4,2029.
Interestisaccruedannuallyandisrepayablein partorinfullanytime withoutpenalty.
(2)BMET has a total of C$5.3M in convertible debt with an interest rate of 7% pa with B2Gold.
14%
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
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46%
24%
17%
13% Retail
B2Gold
Insiders & Advisors
Institutional
Issued
228.8M
Options
17.0 M
Fully Diluted
245.8 M
(2)
0
500
1,000
1,500
2,000
2,500
3,000
$0.00
$0.02
$0.04
$0.06
$0.08
$0.10
$0.12
Volume in thousands
Share Price (CD$)
Volume Traded BMET Price

25. CONTACT US
BeMetals Corp.
Suite 3400, 666 Burrard Street
Vancouver, BC Canada V6C 2X8
Web: www.bemetalscorp.com
Derek Iwanaka
Vice President, Investor Relations &
Corporate Development
Email: [email protected]
Tel: [phone]
25
FOLLOW US ON:
@BeMetals