CEO Interview - RocksAndStocksNews December 14, 2021

Conversation with Joanne Freeze - The Assay TV - December 13, 2021

Peru is 2nd largest copper producer in the world; Canada among top ten worldwide producers of several metals

PROJECTS

Cañariaco Norte

• Large Copper Gold Silver Resource defined in 2010
• Positive Pre-feasibility Study Progress Report completed in 2011
• Updated ESG Project Concept Desk Top Study completed Q2 2021
• New PEA Launched Q3 2021 = Improved ESGs with lower CapEx and OpEx
• Earlier Stage Projects with Exploration potential

3RD PARTY VALIDATION

Major Investor: Fortescue Metals Group holds 19.9% of Candente

RFC Ambrian: Cañariaco Norte in top 10 of 23 Projects with potential to involve third party M&A (December 2021)

Haywood: Cañariaco Norte one of 18 assets selected as likely to be considered by Majors looking to Acquire (December 2021)

Deutsche Bank: Cañariaco Norte identified as one of 3 projects required to meet the upcoming copper supply-demand gap (February 2021) 

Goldman Sachs: Cañariaco Norte identified as one of the top 84 copper projects worldwide (October 2018)

CAÑARIACO NORTE PRE-FEASIBILITY STUDY PROGRESS REPORT HIGHLIGHTS:

• 260M lbs Cu per year (39,000 oz Au per year & 911,000 oz Ag per year)
• 22 Year Initial Mine Life @ 95,000 tonnes per day
• 4.4 Year Payback Period @ Cu $2.50/lb
• Preproduction CAPEX $1.56B
• Operating costs of US$0.988/lb Cu
• Minimal infrastructure required, excellent locations for all site facilities, close to existing highway and power grid and abundant water at site

CAÑARIACO NORTE AUSENCO PEA - TO BE COMPLETED Q4 2021

• Improve Environmental, Social and Governance (“ESG”) practices
• Reduce initial capital expenditures (“CapEx”) and operating expenses (“OpEx”)
• Smaller initial throughput for a lower initial CapEx
• Expand after payback using Mine Cash Flow
• Improve Mine Design including Tailings storage methods to improve ESG practices