copperbank corporate presentation (may 2021)

CSE:CBK │ FWB:9CM │ OTCQX:CPPKF

ROYALTIES, EXPLORATION & DEVELOPMENT

MAY 2021

copperbankcorp.com CSE:CBK │ FWB:9CM │ OTCQX:CPPKF2

Cautionary StatementSome of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of CopperBank Resources Corp. (“CopperBank”) to be materially different from those expressed or implied by such forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning the exploration prospects and projected resources of the properties of CopperBank, future capitalization and market capitalization of CopperBank, the successful acquisition of additional copper projects, development of and future expansion drilling on the Copper Creek project property, resource expansion work on Pyramid property, mapping and field work at San Diego Bay property and optimizing work at Contact property. Although CopperBank believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information.

Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of resources; mining rates and recovery rates; significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls, regulations and political or economic developments in the countries in which CopperBank does or may carry on business; the speculative nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of First Nations and other Aboriginal groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the Contact and Copper Creek properties; and uncertainties with respect to any future acquisitions by CopperBank. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain insurance to cover these risks as well as “Risk Factors” included in CopperBank’s disclosure documents filed on and available at www.sedar.com.

This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This presentation is not, and under no circumstances is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in CopperBank in Canada, the United States or any other jurisdiction. No securities commission or similar authority in Canada or in the United States has reviewed or in any way passed upon this presentation, and any representation to the contrary is an offence.

All of the forward-looking statements contained in this presentation are qualified by these cautionary statements. CopperBank does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on the CopperBank, readers should refer to www.sedar.com for the CopperBank’s filings with the Canadian securities regulatory authorities.

Technical information in this presentation has been reviewed and approved by Mark Pfau, Professional Geologist, a technical advisor to CopperBank and a “Qualified Person” as defined under NI 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).


Many Reasons to Invest

1. See slides 10 and 22 for additional details. Resource estimates for the Copper Creek and Contact Copper projects were sourced from NI 43-101 compliant technical reports that were prepared for previous operators. CopperBank do not consider these resource estimates to be current

Two flagship, advanced stage projects in tier 1 jurisdictions

▪ District-scale properties with resource largely on private lands in Nevada and Arizona

▪ Excellent access to key infrastructure ▪ Over $100M in historical expenditures

Multi-billion lbs copper resource base1

▪ Copper Creek: one of the largest undeveloped copper porphyry projects in North America with 4.9B CuEq of M&I resources and 3.7B lbs CuEq of inferred

▪ Contact Copper: hosts 831M lbs of near-surface, heap leachable copper oxide M&I resources

Robust project economics with optimization opportunities ▪ Copper Creek: >670,000 feet drilled with metallurgical

testing and a completed PEA ▪ Contact Copper: 2013 PFS outlines a low-cost, 50M

lbs/year open pit heap leach, SX-EW copper operation

Excellent potential for resource expansion and new discoveries

▪

▪ Copper Creek: only 40 of over 400 breccia zones have been drilled to date. Upcoming 12-hole, 6,000 m drill program

▪ Copper Ridge Prospect: traced oxide copper over 2,500 m x 600 m with grades of up to 12.4% Cu

Compelling value with re-rating potential

▪ Over 70% discount to comparable copper developers on an in situ basis

▪ Market cap represents less than 3% of the pre-tax NPV of both projects at a US$4.00/lb copper price

▪ Upside from spin-out of copper royalty subsidiary

Experienced & proven management & Board

▪ >300 years of combined mineral development and capital markets experience

▪ Highly focused on advancing the CopperBank business model and corporate strategy

Building a premier, diversified, U.S. focused copper development company


2 Advanced Copper Projects in Nevada & Arizona

CONTACT COPPER (100%)

(Elko County, NV)

▪ Oxide copper deposit with large NI 43-101 compliant resource − P&P reserves: 612M lbs Cu at 0.22% Cu − M&I resources: 831Mlbs Cu at 0.20% Cu

▪ 2013 PFS: low-cost, 50M lbs/year copper heap leach (SX/EW) operation − Evaluating optimization opportunities

▪ Copper Ridge Prospect: traced oxide copper over 2,500 m x 600 m with sample grades of up to 12.4% Cu

COPPER CREEK (100%) (Pinal County, AZ)

▪ ~670,000 feet drilled & $80M spent by previous operators

▪ Large historic (2012) NI 43-101 compliant resource − M&I: 4.9B lbs CuEq at 0.49% CuEq − Inferred: 3.7B lbs CuEq at 0.38% CuEq − Based on 8 of over 400 identified breccia zones

▪ 2013 PEA for a 17.5-year bulk underground mine producing over 120M lbs Cu per year

▪ Upcoming 12-hole, 10,000 m drill program


Advanced Projects in Tier 1 JurisdictionsNevada & Arizona are consistently ranked amongst the top mining jurisdictions in the world

Overhead view of Freeport-McMoRan and Sumitomo’s Morenci copper mine in Arizona

2020

2nd

Arizona’s Rankings for Investment Attractiveness from the Fraser Institute

2019

9th2018

8th2017

9th

2020

1st

Nevada’s Rankings for Investment Attractiveness from the Fraser Institute

2019

3rd2018

1st2017

3rd


Tickers CSE:CBK FWB:9CM

OTCQX:CPPKRShare Price (May 14, 2021) C$0.6052-Week Trading Range C$0.14 – C$0.82Basic Shares Outstanding 81.5MOptions 7.7M1

Warrants 1.3M2

FD Shares Outstanding 90.5MMarket Capitalization (Basic) C$48.9MCash ~C$1.0M

1. 7,660,000 options outstanding with a weighted average exercise price of C$0.33 and a weighted average life of 2.9 years

2. 1,293,341 warrants outstanding with an exercise price of C$1.00 expiring on August 21, 2022

Capital Structure Share Price and Volume (Last 12 Months)

Capital Markets ProfileShare Ownership

Well financed for 2021 following a C$1.3 million equity financing

Significant ownership from management/directors and U.S. Global

One of the top performing junior copper companies over the last 12 months

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Experienced Management & BoardGiulio T. Bonifacio (CPA) │ Chairman ▪ Over 30 years of experience in senior executive roles in the mining industry ▪ Founder and former Director & CEO of Nevada Copper Corp. from its inception in 2005 to February 2018 ▪ Raised over $700M through equity/project debt financings and +$1 billion corporate transactions >$1B ▪ Led efforts at every stage including exploration, development, permitting and construction

Gianni Kovacevic │ Co-Founder, CEO and Director ▪ Renowned expert on energy systems and a sought-after strategist ▪ His expertise on copper markets has brought him to lecture at institutions and think-tanks around the world ▪ Avid proponent of realistic environmentalism, he is frequently interviewed by the media and his book, My

Electrician Drives a Porsche? was published in 2016

Tony Ricci (CA, CPA) │ CFO and Director ▪ Over 25 years of experience, mainly with public companies listed on Canadian and U.S. stock exchanges ▪ Director of Great Bear Resources Ltd. (TSXV:GBR), a director and CFO of Kodiak Copper Corp., a former director

and CFO of Keegan Resources Inc., a former director and CFO of Norsemont Mining Inc., and former CFO of both Petaquilla Minerals Ltd. and Petaquilla Copper Ltd. (combined market capitalization of over $3.5 billion)

R. Joe Sandberg (B.Sc., MBA, AIPG) │ Qualified Person ▪ Over 40 years in exploration and project management in the mining industry ▪ Extensive experience in base and precious metals project development ▪ Managed the Copper Creek project since 2004. His previous experience includes management positions with

Franco Nevada, Normandy Mining, and Newmont

Management & Board with over 300 years of combined mineral development and capital markets experience

Board of Directors

▪ Gianni Kovacevic – CEO, Director

▪ Giulio T. Bonifacio – Chairman, Director

▪ Tony Ricci – CFO, Director

▪ Kenneth Cunningham – Independent Director

▪ Gavin C. Dirom – Independent Director

Technical Advisors

▪ R. Joe Sandberg – QP & Technical Advisor

▪ Terence Ortslan – Engineering Advisor

▪ William Willoughby – Engineering Advisor

▪ Thomas Ullrich – Geology Advisor

▪ Colin Burge – Geology Advisor

▪ Joey Wilkins – Geology Advisor

▪ Mark Pfau - Consulting Geologist

Copper Creek Project

(Pinal County, AZ)▪ 16 sq. mile property near several

major copper mines/projects ▪ Established mining region with

access to key infrastructure ▪ ~670,000 feet drilled & $80M spent

by previous operators ▪ Massive historic (2012) NI 43-101

compliant resource estimate − M&I: 4.9B lbs CuEq at 0.49% CuEq

− Inf.: 3.7B lbs CuEq at 0.38% CuEq

▪ Less than 10% of over 400 breccia zones have been drilled to date

▪ Upcoming Multi-Phase drill program (6,000m, +6,000m, +8,000m)

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Location & Access to Infrastructure▪ 100% owned, ~16 square mile

property in Pinal County, Arizona ‒ Contiguous group of patented and

unpatented Federal claims and Arizona prospecting permits

▪ Near mining and commercial cities ‒ 75 miles northeast of Tucson ‒ 15 miles northeast of San Manuel

▪ Easily accessible by paved highways and gravel roads

▪ Established mining region ‒ 30 miles SE of ASARCO Ray mine (1

of 2 copper smelters in Arizona) ▪ Access to rail, low-cost power, water

and skilled labour ▪ Arizona is consistently ranked

amongst the top mining jurisdictions in the world At the intersection of a major southwest and northeast trending porphyry

copper belts that hosts over 100M tonnes of contained copper resources


Large Open Pit Resource

▪ Historic resource (2012) prepared by Independent Mining Consultants

▪ Based on 480 drill holes and over 670,000 feet of drilling

▪ Property hosts hundreds of breccia deposits and multiple porphyry copper deposits

▪ Resource area extends over a strike length of ~4 km and is open in all directions

CuEq Cut-Off Category Tons

('000)Cu (%)

Mo (%)

Ag (ppm)

CuEq (%)

Cu (Blbs)

Mo (Mlbs)

Ag (Moz)

CuEq (Blbs)

0.20% Measured 45,488 0.72% 0.013% 2.63 0.80% 0.7 12 4 0.7

Indicated 456,687 0.42% 0.008% 1.24 0.46% 3.8 73 18 4.2

M&I 501,175 0.44% 0.009% 1.37 0.49% 4.4 87 20 4.9

Inferred 481,309 0.34% 0.007% 0.90 0.38% 3.3 63 13 3.7

0.30% Measured 37,827 0.82% 0.015% 2.94 0.91% 0.6 11 4 0.7

Indicated 305,120 0.51% 0.010% 1.49 0.57% 3.1 61 15 3.4

M&I 342,947 0.54% 0.011% 1.65 0.60% 3.7 73 17 4.1

Inferred 256,329 0.45% 0.009% 1.24 0.49% 2.3 44 9 2.5

* The foregoing historical mineral resource estimate (the “Historical Estimate”) was published in a technical report titled “Copper Creek 2012 Mineral Resource Update, Pinal County, Arizona, USA, Technical Report” prepared for Redhawk by Independent Mining Consultants Inc., dated and filed by Redhawk on SEDAR on June 25, 2012. A qualified person (as defined in National Instrument 43-101 (“NI 43-101”)), has not done sufficient work to classify the foregoing historical estimate as current mineral resources or reserves, and CopperBank is not treating the estimate as current mineral resources or reserves. The Historical Estimate was calculated using a 0.20% copper equivalent (“CuEq”) cut-off grade. The Historical Estimate is based on metal prices of US$3.00/lb CuEq and contained within an open pit geometry using industry comparable estimates for direct mining, milling, and G&A costs. The ratios for calculating CuEq are based upon US$2.75/lb Cu, US$12.00/lb Mo, and US$20.00/oz Ag and recoveries of 90% for Cu, 80% for Mo, and 90% for Ag.

Because the Historical Estimate was completed relatively recently in 2012 and in compliance with the definitions for mineral resource categorization set out by the Canadian Institute of Mining, Metallurgy and Petroleum, and disclosed in a technical report conforming to the requirements of NI 43-101, CopperBank is of the view that the Historical Estimate is generally reliable and relevant to an evaluation of the property, however CopperBank has not completed any independent verification of the Historical Estimate. In order to verify the Historical Estimate as current, a qualified person (as defined in NI 43-101) would have to conduct a site visit on behalf of CopperBank and complete standard data verification procedures. CopperBank intends to complete additional resource expansion drilling on Copper Creek for purposes of increasing and upgrading the mineral resource prior to completion of a new mineral resource estimate.

Totals may not add due to rounding.

Historic (2012) NI 43-101 Compliant Resource Estimate


Major Copper Deposits in Arizona

Major Copper Deposits in Arizona by CuEq Grade and Contained CuEq Resources

Source: company reports

Copper Creek has the highest CuEq grade amongst major (multi-billion lb CuEq) copper deposits in Arizona


Copper Creek Property & Historical Resources

▪ Only 8% of the 16 square mile property has been explored to date

▪ ~US$80 million spent by previous operators

▪ Historical work has identified over 400 known breccia deposits ‒ Only 8 are included in the

resource and have been adequately drill tested

‒ Only 35 have had drilling on or near them


Upcoming Phase I Drill Program▪ Phase I drill program to test 11 of 20

highly prospective brownfield and greenfield prospects

▪ Program to consist of 12 holes totalling 6,000 m, all on patented land owned by CopperBank

▪ Focus on near-surface mineralization ‒ Targeting breccia pipes, vein swarms,

disseminated porphyry hypogene mineralization, and secondary enrichment zones

‒ Holes to be drilled to a max depth of 325 m ▪ To be followed by a Phase II drill program

(13 holes) with an updated technical report and resource estimate shortly after


Drill Plan Overlay Breccia Pipes


Drill Plan Overlay Ground Mag Survey


Drill Plan Overlay On Historical Resource


Drill Plan & Historical Resource Cross Section▪ Right: cross section

block model at 0.40% CuEq looking at 030 with planned 2021 diamond drill holes

▪ Left: cross section block model at 0.20% CuEq looking at 030 with planned 2021 diamond drill holes


Evaluating Development OpportunitiesEvaluating multiple mine development opportunities with a focus on open pit mining ▪ Underground room and pillar/post pillar with backfill ▪ Conventional grind/float sulphide concentrator, producing copper

and molybdenum concentrate ▪ Reasonable grind size, moderate work index ▪ Multiple areas for further optimization

Summary of the 2013 PEAThroughput Rate ▪ 25,000 short tons per dayMining Method ▪ Room and pillar with backfilling

Processing Method▪ Standard flotation ▪ Production of a 30% copper concentrate with

molybdenum and silver by-productsMine Life ▪ 17.5 years

Copper Grades ▪ Years 1-3 average: 0.90% ▪ LOM average: 0.77%

Recoveries ▪ >90% Cu and Ag, 80% Mo

Copper Production▪ Years 1-3 average: 136.3 million lbs ▪ LOM average annual: 121.7 million lbs ▪ LOM: 2.1 billion lbs

C1 Cash Cost ▪ US$1.74/lb Cu (net of by-products)

CAPEX ▪ Initial: US$857 million ▪ LOM sustaining: US$343 million

Metal Price Forecast▪ Copper: US$3.00 to US$3.60/lb ▪ Molybdenum: US$12/lb ▪ Silver: US$20/oz

Project Economics ▪ Pre-tax NPV7.5%: US$488M ▪ Pre-tax IRR: 16.0% (Payback period: 4.5 years)

Source: NI 43-101 technical report titled “Redhawk Copper, Inc., Copper Creek Project, Preliminary Economic Assessment, 25,000 TPD Mill with an Underground Mine for Development of the Copper Creek Resource”, prepared by Mr. Joseph M. Keane, P.E.; Mr. Herb Welhener, MMSA-QPM; Mr. Steve Milne, P.E.; Mr. Gene Muller, P.E; Mr. David Nicholas and SGS Metcon/KD Engineering dated July 25, 2013, amended October 28, 2013.

Contact Copper Project

(Elko County, NV)

▪ 5,935 acres, with most of the resource on royalty-free, private land

▪ Premier mining region with access to key infrastructure

▪ Oxide copper deposit with large NI 43-101 compliant resource − P&P reserves: 612M lbs Cu at 0.22% Cu − M&I resources: 831Mlbs Cu at 0.20% Cu

▪ 2013 PFS demonstrates potential for low-cost, 50M lbs/year copper heap leach (SX/EW) operation

▪ Copper Ridge Prospect: traced oxide copper over 2,500 m x 600 m with sample grades of up to 12.4% Cu

copperbankcorp.com 20 CSE:CBK │ FWB:9CM │ OTCQX:CPPKF


Location & Access to Infrastructure

▪ 50 miles north of the town of Wells in Elko County Nevada

▪ 100% ownership 5,935 acres of patented and unpatented mining claims

▪ Majority of current reserves are on royalty-free private property

▪ Easily accessible: only 1 mile west of U.S. Highway 93

▪ Excellent access to power, water and local mining services

21


Large Historical Reserve & Resource Base▪ Disseminated oxide copper mineralization in quartz

veins within large structural zones ▪ Mineralization is oxidized to depths of up to 600 m ▪ Over 86,000 m has been drilled at the Contact deposit

between 1967 and 2012

Category Tons ('000)

Cu (%)

Cu (Mlbs)

Proven Reserves 57,678 0.23% 263.2Probable Reserves 83,416 0.21% 348.5

P&P Reserves 141,094 0.22% 611.7

Measured Resources 75,473 0.21% 314.0Indicated Resources 137,640 0.19% 517.5M&I Resources 213,113 0.20% 831.5

Inferred Resources 12,982 0.20% 52.2

Historic NI 43-101 Compliant Reserves and Resources

• Mineral reserves reported at 0.07% Cu cut-off, and pit-constrained within a Lerchs-Grossman pit shell based on a copper price of US$4.00/lb Cu and operating cost and recovery parameters as described in the October 2013 Pre-Feasibility Study.

• Measured and Indicated Mineral Resources are inclusive of mineral reserves and are captured within the pit shell based on a 0.05% Cu cut-off. Pit optimization is based on assumed copper price of US$4.00/lb.

* The foregoing historical mineral reserves and resources estimate (the “Historical Estimate”) was published in a technical report titled “NI 43-101 Pre-Feasibility Study on the Contact Copper Project” prepared for International Enexco, Ltd. by Hard Rock Consulting, LLC dated and filed by International Enexco Ltd. on SEDAR on October 1, 2013. A qualified person (as defined in National Instrument 43-101 (“NI 43-101”)), has not done sufficient work to classify the foregoing historical estimate as current mineral resources or reserves, and CopperBank is not treating the estimate as current mineral resources or reserves.

Because the Historical Estimate was completed relatively recently in 2012 and in compliance with the definitions for mineral resource categorization set out by the Canadian Institute of Mining, Metallurgy and Petroleum, and disclosed in a technical report conforming to the requirements of NI 43-101, CopperBank is of the view that the Historical Estimate is generally reliable and relevant to an evaluation of the property, however CopperBank has not completed any independent verification of the Historical Estimate. In order to verify the Historical Estimate as current, a qualified person (as defined in NI 43-101) would have to conduct a site visit on behalf of CopperBank and complete standard data verification procedures. CopperBank intends to complete additional resource expansion drilling on Copper Creek for purposes of increasing and upgrading the mineral resource prior to completion of a new mineral resource estimate.

Totals may not add due to rounding.


Large-Scale Copper Oxide Deposit

▪ Traced over 2,300 m east-west and 915 m north-south ‒ Open to the west ‒ Open to the north and south

▪ Highlights from previously drilled near-surface holes ‒ 22.9 m at 1.00% Cu starting

at 44.2 m (EN-104) ‒ 59.4 m at 0.70% Cu starting

at 3.0 m (EN-111) ‒ 18.9 m at 0.70% Cu starting

at surface (EN-68) ‒ 25.9 m at 0.74% Cu starting

at surface (EN-109)

Contact Copper Oxide Project: Optimization Area Of Focus

Traced over 2.3 km strike


Focus on Optimizing 2013 PFSNumerous optimization opportunities: ▪ Potential for run-of-mine leaching ▪ Isolate and prioritize high-grade pods ▪ Promote higher grade material via pit-phasing and grade control ▪ Determine bottlenecks in heap leach system via crusher work

index, leach pad size and leaching time, and SX-EW capacity (input and output)

▪ Reserve growth by drilling known extensions and nearby targets

Summary of the 2013 PFS

Throughput Rate ▪ 29,000 tons/day with ramp-up to 52,000 tons/day (41,000 tons/day average)

Mining Method ▪ Conventional open pit mining

Processing Method ▪ Two-stage crushing and heap leach ▪ SX-EW plant to produce copper cathode

Mine Life ▪ 9.4 yearsLOM Ore ▪ 141.1M tons at 0.22% CuLOM Strip Ratio ▪ 2.3:1 (waste:ore)Recoveries ▪ 76% over LOM

Copper Production ▪ Average annual: 50 million lbs ▪ LOM: 462 million lbs

C1 Cash Cost ▪ US$1.73/lb Cu

CAPEX ▪ Initial: US$189 million ▪ LOM sustaining: US$126 million

Project Economics (US$3.20/lb of copper)

▪ After-tax NPV8%: US$106.7M ▪ Pre-tax IRR: 25.9% ▪ Payback period: 3.4 years

After-Tax NPV8% at Various Copper Prices (US$M)

$45.3$76.0

$106.6$137.1

$167.5

$2.90 $3.05 $3.20 $3.35 $3.50Source: NI 43-101 technical report titled “NI 43-101 Pre-Feasibility Study on the Contact Copper Project” prepared for International Enexco, Ltd. by Hard Rock Consulting, LLC dated and filed by International Enexco Ltd. on SEDAR on October 1, 2013 and amended on March 14, 2016.


Exploration Upside - Copper Ridge Area

▪ Excellent potential to materially expand the Contact deposit in multiple directions

▪ Past surface sampling programs at the Copper Ridge and New York prospects indicate the potential for multiple comparable size oxide copper deposits across the 5,900 acre property


Copper Ridge Prospect▪ 1 mile southwest of the

main Contact copper deposit

▪ High-grade copper assays (up to 12.4% Cu) from 28 rock chip samples

▪ Oxide copper mineralization traced over a 2,500 m by 600 m area

▪ Has yet to be drill-tested and previous activity is limited to shallow, historic prospect pits

Demonstrates substantial exploration potential across

5,900-acre property

Sample # Cu (%)51705 2.9451707 3.0586675 3.4485317 9.7985319 4.6985321 1.4485322 1.3585323 2.4051705 2.9451707 3.0586675 3.4485317 9.7985319 4.6985321 1.4485323 2.4086680 5.5786684 2.5886686 2.7386687 1.5386690 2.2486691 10.2086692 12.4086670 3.1286673 2.03

High-Grade Sample Results


Copper Royalty Opportunity▪ Our 100% owned projects are almost entirely

royalty-free ‒ Only a tiny portion of our multi-billion pound copper

resource base has any outstanding royalties

▪ In late 2019, formed a wholly-owned subsidiary to hold NSR royalties on our key projects ‒ Potential to become one of a few copper-focused royalty

companies with exposure to advanced stage projects in tier 1 mining jurisdictions

‒ Potential to add third parties royalties of copper projects to build a more diversified royalty company

▪ Spin-out of this new copper royalty company provides significant upside for current shareholders


Trading at a Discount to Peer GroupEV/Resource Multiples of Junior Copper Companies with Comparable Copper Projects (C¢/lb CuEq)1

Trading at a >70% discount to the universe of comparable copper exploration & development companies1. Source: company reports. Copper equivalent resources calculated using spot metal prices as of May 14, 2021 2. World Copper is shown pro forma the announced acquisition of Cardero Resource Corp. Note: reflects market prices as of May 14, 2021

Companies with projects outside of the U.S.Companies with U.S. projects

12.8

5

1.23

0.94

0.87

0.53

26.0

1

10.4

3

5.55

3.62

3.62

1.87

1.52

1.30

1.09

1.05

1.05

0.97

0.85

0.61

0.58

0.53

0.53

0.48

0.43

0.32


Significant Upside

▪ CopperBank has two advanced stage copper projects in tier 1 mining jurisdictions (NV & AZ) ‒ Both have been subject to extensive drilling and

metallurgical testing ‒ Both have a completed PEA or PFS

▪ CopperBank’s market capitalization is only 3% of the pre-tax NPV of its projects at a US$4/lb copper price

▪ Analysis does not factor the upside from resource growth, optimization opportunities and new discoveries

▪ Demonstrates the substantial re-rating potential as we continue to advance our key projects

Pre-Tax NPV of CopperBank’s Projects1 (US$M)

$231

$443

$655

$868

$1,080

$83

$148

$211

$276

$341

$315

$590

$867

$1,144

$1,421

$3.00 $3.25 $3.50 $3.75 $4.00Copper Price (US$/lb)

Copper Creek Project

Contact Copper Project

Market Cap

Current Market Cap: ~US$44M

1. Source: Preliminary Economic Assessment – Copper Creek Project (SGS Metcon / KD Engineering, 2013); Pre-Feasibility Study – Contact Copper Project (International Enexco, Ltd., 2013). Copper Creek’s pre-tax NPV estimates are reported at a 7.5% discount rate. Contact Copper pre-tax NPVs are reported at an 8% discount rate.

Note: Pre-tax sensitivities for Contact Copper are not available in the published report, simplifying assumptions were made to convert post-tax figures to pre-tax figures based on base-case copper price pre and post-tax reported NPVs

Contact Information▪ 2706 – 1011 West Cordova Street ▪ Vancouver, BC, Canada ▪ Phone: (604) 484-7855 ▪ Email: [email protected]

Gianni Kovacevic │ Co-Founder, CEO and Director ▪ Phone: (604) 889-0852 ▪ Email: [email protected]

CSE:CBK │ FWB:9CM │ OTCQX:CPPKF copperbankcorp.com

mailto:[email protected]


Copper Creek: Metallurgical Test Work

▪ Locked cycle flotation tests on the average grade composites showed over 95% copper recoveries and 32% to 62% copper concentrate grades ‒ Molybdenum recoveries were

proportional to head grades. 94% Mo recoveries from high-grade samples and 28% recoveries from low-grade samples

▪ Extensive open cycle Cu-Mo second cleaner flotation testing completed by METCON indicated high copper recoveries and concentrate grades ‒ Copper recoveries ranged from 77% to

93% ‒ Molybdenum recoveries ranged from

38% to 97%

Cu-Mo second cleaner flotation test results on composite samples

copperbank corporate presentation (may 2021)

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