#1SOURCES ING High-Grade Gold in Japan "A Unique Opportunity, A Unique Strategy" www.irvresources.com August 31, 2023 CNX: IRV | OTCQX: IRVRF This document is for information purposes only and is not an offer to sell, nor a solicitation of an offer to purchase, any securities. It does not purport to contain all of the information that a prospective investor may require and it is not intended to provide any legal, tax or investment advice.#2Disclaimer Some statements in this presentation contain forward-looking information (within the meaning of Canadian securities legislation), including without limitation statements as to the potential, through exploration work including drilling, to define a mineral resource. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the ability to complete exploration activities including future drilling as currently contemplated, customary risks of the mineral resources exploration industry as well as Irving Resources Inc. ("Irving" or the "Company") having sufficient cash to fund exploration activities, as well as other risks and factors mentioned in the continuous disclosure filings of Irving which can be found under its profile on the SEDAR+ website (www.sedarplus.ca). Shareholders and prospective investors are therefore cautioned not to place undue reliance on forward-looking information. Irving undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Dr. Quinton Hennigh, the Company's Technical Advisor and Director and a Qualified Person as defined by National Instrument 43- 101, has approved the technical contents of this presentation. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 2#3Irving is focused on discovering economic resources of gold & silver by leveraging its relationships, technical knowledge and capital to acquire and explore past producing mines and prospective areas in Japan. Why Japan? 2023 | Irving Resources • • • • Smelters in Japan require silica-rich gold ores as smelter flux = low CapEx mining Japan is known for some of the highest-grade gold mines in the world There are dozens of past producing epithermal gold mines throughout Japan During WWII Japan shut down its gold mines to focus on base metal production Only a few gold mines resumed production thereafter • Limited subsequent exploration has occurred • • Few mines have seen modern-day exploration techniques including drilling Japan is a member of the G7 and therefore has stable politics, economics and law CNX: IRV | OTCQX: IRVRF 3#4Capital Structure Capital Structure (updated to July 31, 2023): Shares Outstanding: Options Outstanding: (Directors, Officers, Employees and Consultants) Warrants Outstanding: 1,487,270 at C$1.60 - July 12, 2025 Issued Shares - Fully Diluted: Management/Directors: Newmont: Sumitomo: Cash: 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 73,863,140 5,153,333 1,487,270 80,503,743 9.20% 19.90% 5.39% Approximately C$8.56 M 4#5Experienced Management, Directors, Advisors Akiko Levinson, President, CEO, Director - Ms. Akiko Levinson has over 20 years experience in junior mining. Ms. Levinson was previously President and Director of Gold Canyon Resources Inc. which advanced a multi-million ounce gold deposit in Ontario. Irving resulted from the completion of a plan of arrangement whereby Gold Canyon Resources shareholders received shares of Irving. Quinton Hennigh, Director and Technical Advisor Dr. Quinton Hennigh is an economic geologist with more than 25 years of exploration experience with major gold mining firms including Homestake Mining, Newcrest Mining and Newmont Mining. Currently, Dr. Hennigh is co-Chairman of Novo Resources Corp. and Geologic and Technical Advisor to Crescat Capital. Douglas Buchanan, Director - Mr. Douglas Buchanan, K.C. is Senior Counsel and Global Head, Infrastructure and Resources, at Norton Rose Fulbright. Mr. Buchanan has extensive experience in the area of mergers and acquisition, project development and project finance, with emphasis on the natural resource and infrastructure sectors. His personal and business connections in Japan go back more than forty years. Kevin Box, Director Mr. Kevin Box is a Geographic Information Systems Analyst specializing in mineral exploration for over 14 years. Mr. Box is currently the GIS and Research Manager for Irving Resources. Ronan Sabo-Walsh, CFO & Secretary - Mr. Sabo-Walsh has over 12 years' experience in accounting and corporate finance and has extensive experience with capital markets, public listings, Canadian/US/Australian cross-border M&A and restructuring transactions, financial reporting and analysis, and public company management, with a focus on natural resources. Mr. Sabo-Walsh has served as Chief Financial Officer and Corporate Secretary of a number of public companies in the exploration and mining industry and is also the Chief Financial Officer of a private base metals producer with assets in South America. Shuichi Miyatake, VP of Exploration and Alliance Project Manager - Mr. Shuichi Miyatake is a geologist with 35 years' experience in mineral exploration and joint venture management through his service with the Metal Mining Agency of Japan (MMAJ) and Japan Organization for Metals and Energy Security (JOGMEC) and immediately prior to joining Irving, he served as Director General of Metals Development at JOGMEC. Mr. Miyatake holds a B.Sc. and M.Sc. from Okayama University and a Professional Degree from the Colorado School of Mines. During his career, he has mostly engaged in project identification and early stage exploration leading to multiple discoveries including the Seta epithermal gold deposit, Hokkaido and the world-class platinum group metal deposit, Waterberg, in South Africa which was awarded Outstanding Achievement Award by the Mining Journal in 2012. - Toshiyuki Goto, General Manager, Irving Japan Mr. Toshiyuki Goto is a mining engineer with 25 years experience in operations and development of Sumitomo Metal Mining Co. Ltd.'s Hishikari gold mine, the largest gold mine in Japan. Haruo Harada, Director and President of Irving Japan - Mr. Haruo Harada graduated from Kagoshima University with a B.Sc. and M.Sc. in Science and has over 30 years experience in mineral exploration around the globe. Mr. Harada worked closely with management of Irving through his role as Director of Mitsui Mineral Development Engineering Co., Ltd., Irving's lead contract engineering firm in Japan, prior to joining Irving. Dr. Takeshi Uemoto, Project Manager, Irving Japan - Dr. Takeshi Uemoto holds a B.Sc and M.Sc. from Hiroshima University and a Ph.D. from the University of Western Australia. Dr. Uemoto has worked as senior exploration geologist for Gold Fields Australasia at its St. Ives and Agnew gold mines in Australia and prior to that as senior geologist for Mitsubishi Materials Corporation exploring for geothermal resources in Japan. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 5#6Working in Japan Working in Japan is all about building relations and trust. Irving is uniquely qualified to explore in Japan: . . . . • Mostly Japan-based team members. Mitsui Mineral Development Engineering Co., Ltd. ("MINDECO") is our lead contractor. Built a long-standing relationship with Japan Oil, Gas and Metals National Corporation ("JOGMEC"). Developed close connections with many Japanese mining houses. Established strong relations with the Japanese academic community. Earned a good report with Japanese government authorities. Developed excellent relations with local communities. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 6#7Gold Mining in Japan Since the beginning of the Edo period (1601), over 20 Moz of gold have been produced from Japanese gold mines...the top producers being Hishikari, Sado, Konomai and Yamagano. All of these mines exploit high-grade epithermal deposits. Hishikari mine (Sumitomo Metal Mining Co. Ltd.), Japan's largest gold mine, has produced approximately 9.0 Moz Au (as of December, 2021) since 1985 at head grades of approximately 30 gpt Au. reserves and resources remain. Sado Kinzan (Mitsubishi Materials Considerable Corporation), produced 2.51 Moz Au and 74 Moz Ag over a continuous mine life of 388 years beginning in 1601. Grades averaged 5.2 gpt Au and 153 gpt Ag. Konomai mine (Sumitomo Metal Mining Co. Ltd.), produced 2.35 Moz Au and 38.6 Moz Ag between its discovery in 1915 and mine closure in 1973. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF Sado Shikoku Kyushu Hishikari Konomai Honshu Hokkaido Tokyo A Kushikino N 800 km 7#8. . Modern Gold Mining in Japan Hishikari mine is the largest active gold mine in Japan. Gold production is about 225 Koz per year. A head grade of 30 gpt Au is achieved by ore sorting, optical ore sorters used for small pieces of rock and hand labor used for sorting larger pieces (right). Hishikari has no mill. High-grade ore is shipped to Sumitomo Metal Mining's smelters where it is utilized as smelter flux. Gold and silver are recovered during smelting and refining of copper resulting in high recoveries and low processing costs. Similarly, silica-rich gold ores ("keisan-ko") from the Akeshi mine (Mitsui Kushikino Kozan Co. Ltd.) and Kasuga and Iwato mines (Nippon Mining) are utilized for smelter flux. The Kushikino mine complex (Mitsui Kushikino Kozan Co. Ltd.) is the only operating gold mine utilizing a CN mill for processing. Gold-bearing industrial waste and low grade ore (~18 gpt Au) from Hishikari are also treated at this facility. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF SAN BAR ンプル 「指差呼称の励行 FAYRENE RESE Baster 8#9Modern Gold Mining in Japan Japan is an environmentally conscientious country. Although mining is still active, it must be conducted in the utmost responsible manner. Tolerance for large open pit mining and commensurate milling complexes and tailings dams is low. Hishikari is an underground mine with a very small surface footprint (upper right). Ore is shipped offsite and waste rock is either returned underground or crushed and used for road aggregate. This is the ideal Japanese mine. Sumitomo Metal Mining Co. Ltd. has done an exquisite job reclaiming the Konomai mine site to its native state (lower right). Such responsibility is what the Japanese people expect from modern mining companies. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 9#10Smelter Flux Industry in Japan • Mining silica-rich gold ores and using them for smelter flux has a very long history in Japan. • Each year, Japanese smelters require many hundreds of thousands of tonnes of silica flux. Mitsui, Sumitomo Metal Mining, Sumitomo Corporation, Nippon Mining (JX), Mitsubishi, Dowa and Toho Zinc operate smelters. Silica flux from Japanese gold mines (Hishikari, Akeshi, Kushikino) is currently used in some smelters. Others rely on silica from various other domestic and international sources. Demand for new sources of silica-rich gold ores is strong. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 10#11Smelters in Japan Smelter operated by a company Kosaka (Dowa) Cu, Pb, Sn lijima (Dowa) Zn Mine Smelter operated by a joint venture (main investor) Naoshima (Mitsubishi) Cu Tamano (PPC) Cu Takehara (Mitsui) Pb, Sn Chigirishima (Toho zinc) Pb Hikoshima (Mitsui) Zn Saganoseki (PPC) Cu Hyuga (Sumitomo) Ferronickel Hishikari (Sumitomo) Au Ikuno (Mitsubishi) Kamioka (Mitsui) Sn Pb, Zn Oeyama (Nippon yakin) Ferronickel Hachinohe (Taiheiyo) Ferronickel Hachinohe (Mitsui) Zn, Pb Hosokura (Mitsubishi) Pb Onahama (Mitsubishi) Cu Onahama (Toho zinc) Zn Hitachi (Nippon mining) Cu, Sn Annaka (Toho zinc) Zn Shisaka (Sumitomo) ZnO Besshi (Sumitomo) Ni Matsuzaka (Vale) Ni oxide Harima (Sumitomo) Ni sulfate Toyo (Besshi) (Sumitomo) Cu PPC (Pan Pacific Copper) Nippon mining > Mitsui JV 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 11#12Irving's Business Model Irving recognizes the sensitivity of mining gold in Japan and has developed a strategy to honor this. Criteria Irving uses to select exploration targets include: . • High-silica, precious metal-rich veins that are suitable as smelter flux. No milling will be required. Deposits with low sulfur and deleterious elements including As, Sb and Hg, thus making them environmentally friendly and suitable as smelter flux. Deposits that will have a small surface footprint when mined. Ideally near shipping facilities enabling easy transport to Japanese smelters. Low impact on communities, cultural heritage and environmentally sensitive areas. Through modern exploration, Irving sees opportunity to rekindle gold mining in Japan. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 12#13Low Sulfidation Epithermal ("LSE") Veins This is the classic hot spring epithermal vein model in which gold and silver precipitate in response to boiling as geothermal waters rise toward surface (right). Deposits of silica (sinter) and clay form at surface such as at Yellowstone Park, USA (below). DEPTH 0m 100 m 200 m 300 m 500 m HOT SPRINGS, WATER TABLE LEGEND siliceous deposits clays, alunite clays, illite (sericite at depth) chlorite, illite, montmorillonite, carbonate, epidote silica, adularia, albite country rock (unaltered) 900 m Modified from: Buchanan, 1981 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF VEIN ORE MINERAL DEPTH ZONES SINTER pyrite, rare gold, mercury SHEETED VEINS IMPLOSION BRECCIA gold in pyrite, silver sulfosalts VEIN MAIN PRECIOUS METAL HORIZON BOILING LEVEL- Can move up and down over time BASE METAL HORIZON gold in electrum, silver sulfides galena, sphalerite, chalcopyrite 13#14Geology of Sumitomo Metal's Hishikari Mine At Hishikari, veins preferentially occur near a major unconformity between Cretaceous sedimentary rocks and overlying Tertiary volcanic rocks (right). Extensive clay alteration is present at surface. Veins locally bear abundant ginguro, banded silver sulfosalts, and electrum (below). HISHIKARI - Cross Section NW SE II IV 岸 IV Au-Ag Ore Yamada Deposit, Hishikari Mine Au: 948g/t, Ag: 3,720g/t Sumitomo Metal Mining Co., Ltd. 2023 | Irving Resources Shishimano Dacite 0.66-1.1 Ma Hishikari Andesites 0.95 -1.78 Ma Daisen Ryosen Zuisen Hosen Sanjin I Alunite-cristobalite/tridymite 0.78 - 1.05 Ma 200 m II Cristobalite-smectite-kaolinite Vein III Quartz-smectite Shimanto Group Cretaceous Basement IV Interlayered illite-smectite 200 m chlorite-smectite V Chlorite-sericite/illite Modified from Ibaraki and Suzuki (1993), and Izawa et al. (1990). 1200 CNX: IRV | OTCQX: IRVRF 14#15• • Irving's Projects Irving is exploring four large LSE vein projects in Hokkaido: Omu Shimokawa • Engaru Eniwa Irving is advancing two large LSE vein projects in Kyushu: Yamagano, East Yamagano • B-Satsuma Irving has established four large LSE vein projects on the Noto Peninsula: SOURCES ING Irving Land Position Noto Project Area Omu Project Area Shimokawa Project Area Engaru Project Area Eniwa Project Area • Northeast Noto • East Noto Central Noto Southwest Noto All prospecting license applications have been accepted the Ministry of Economy, Trade and Industry ("METI") and a multi-step review is underway for the final approval. 053 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF Yamagano Project Area B-Satsuma Project Area 250 Kilometers Service Layer Credits Wond migrywac Cleagrachics Vege Vizity, Heath P 500 15#16Omu Project Omu Project consists of the 2.98 sq. km. Omui Mining License (past gold producer) and prospecting licenses covering an additional 171.38 sq. km. Irving has undertaken comprehensive data collection at Omu including: • Specialized stream sediment sampling (BLEG - bulk leach extractable gold) to identify mineralized areas. Close-spaced gravity measurements to help evaluate the structural framework of the hydrothermal "plumbing" system at Omu. Airborne (drone-based) magnetics to help evaluate structure and identify areas of hydrothermal alteration. Soil sampling over the Omui Mining Right and surrounding prospecting applications to help define anomalies for drill targeting. Controlled-source audio-magnetotelluric ("CSAMT") surveys to identify subsurface silicification. 2023 | Irving Resources 5050000 ασούρος 4950005 4300000 4850000 4900000 1650000 4700000 1750000 000009 400000 450000 500000 550000 600000 650000 700000 750000 6:0000 850000 RVIN COURCES જેમ Eniwa Project Area Hokkaido Projects Shimokawa Project Area Omu Project Area Engaru Project Area Kibodems 400002 450000 SOUDCO B5GOOD GOD000 550000 FDGOOD 750000 BOGODD 850000 CNX: IRV | OTCQX: IRVRF 00000s 495.000 5000000 скорос conser ODOS 4700000 4750000 DDC059P 16#17BLEG Results Both Omu Sinter and Omui, and Hokuryu historic mining areas are well defined by BLEG gold results. Gold anomalism extends to areas well east and southeast of the Omui mine site. 2017 Omu BLEG Results Au ppb 0-1.99 1.99 -2.99 2.99 3.99 6.99 9.99 9.99 - 20 > 20 3.99 -6.99 Residual downstream anomaly Gold anomalism covers a vast area surrounding the Hokuryu mine. Omu Sinter is defined by Hg anomalism. Maruyama Omu Sinter 3 km Hokuryu Mine Omui Mine 5 km 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 3 km 17#18Omui Soil Sampling Results Soil gold anomalism is extensive at Omui. At Honpi and Nanko, many "hot spots" are evident, a likely indication that more veins have yet to be discovered. • Mineralization is open to the east. Honpi and Nanko have been the subject of most drilling thus far. 2017 Soil Data Omui Au PPM 0.000025 0.03 0.03 0.1 01-0.15 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 0.15.0.3 0.3-0.5 >0.5 Hompi NE Henpi Hohn CE Honpi SW Herp NE Nanks Sakinga yanko Nanko kg Nary 18#19Omui CSAMT CSAMT at Omui Mine shows a similar pattern to that seen at Omu Sinter. Lots of resistive structural zones are evident, the "plumbing" system that generated the high-grade veins. Like Omu Sinter, boiling is believed to have occurred at +350 m at Omui. In late 20191, Irving drilled a series of shallow holes to test for near surface high grade, but it also drilled one deep hole testing the main resistive zone at the level of boiling, hole 190MI-010. This hole encountered 21 notable mineralized veins demonstrating the robust nature of this system. 2023 | Irving Resources 1. Refer to the Company's news release dated December 17, 2019. CNX: IRV | OTCQX: IRVRF 19#202019 Honpi Drilling 190MI-001 190MI-003 190MI-004 190MI-007- 190MI-006 • • Holes 190MI-001 through 190MI-007 and 190MI-009 tested for shallow high-grade veins. Hole 190MI-008 partially tested the Sakinyama target. Hole 190MI-010 is the first deep test of the main vein zone at the boiling level. This hole encountered 21 mineralized veins. 190MI-008 Sakinyama 190MI-010 190MI-002 190MI-005 Honpi 190MI-009 Nanko 1. Refer to the Company's news release dated December 17, 2019. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 20#212019 Honpi Drilling ¹ Results from shallow holes drilled as a fence from north to south across the Honpi area. Hole 190MI-001 From (m) To (m) Length (m) Au (gpt) Ag (gpt) Au Eq (gpt) 5.30 6.30 1.00 19.25 27.50 19.62 45.92 47.00 1.08 4.38 6.15 4.46 190MI-002 46.40 58.50 12.10 1.58 139.90 3.45 including 54.70 56.50 1.80 6.05 808.18 16.83 including 55.55 55.88 0.33 28.90 4180.00 84.63 67.00 68.00 1.00 1.04 326.68 5.40 190MI-004 3.80 5.30 1.50 3.52 5.40 3.59 190MI-005 50.30 51.60 1.30 2.07 154.27 4.13 190MI-006 58.60 60.20 1.60 7.35 470.99 13.63 including 59.64 60.20 0.56 19.30 1240.00 35.83 190MI-007 0.00 20.90 20.90 2.51 5.83 2.59 including 0.00 7.45 7.45 5.30 9.03 5.42 including 5.20 7.45 2.25 11.89 16.31 12.11 Au Eq = Au (gpt) + Ag (gpt)/75 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 1. Refer to the Company's news release dated December 17, 2019. 21#222019 Honpi Drilling DEPTH 0 m HOT SPRINGS, 100 m 200 m 300 m 500 m LEGEND siliceous deposits clays, alunite clays, illite (sericite at depth) chlorite, illite, montmorillonite, carbonate, epidote silica, adularia, albite country rock (unaltered) 900 m Modified from: Buchanan, 1981 2023 | Irving Resources BOILING LEVEL Can move up and down over time 200 RL A A1 150 RL 100 RL 4933300 N 19QMI-001 4923200 N r00 m 100 m 100 m 190MI-00 100 m 493 100 N 3.4 ppm Including 4.4 ppm 190MI-005 190MI-007 190MI-006 2.7 ppm -100 m 5.4 ppm SINTE ORE MINERAL DEPTH ZONES pyrite, rare gold, mercury SHEETED VEINS IMPLOSION BRECCIA gold in pyrite, silver sulfosalts MAIN PRECIOUS METAL HORIZON BASE METAL HORIZON gold in electrum, silver sulfides galena, sphalerite, chalcopyrite 4933100 N CNX: IRV | OTCQX: IRVRF 4933000 N 4933 00 N 3.5 ppm 46.56 ppm 200 19QMI-009 4932900 N 4932900 N 4932800 N 49328 0 N B1 200 RL 150 RL 100 RL 50 RL 0 RL -50 RL -100 RL -150 RL -200 RL -250 RL T T T 22#232019 Honpi Drilling 1 Hole 190MI-010 encountered a remarkable 21 mineralized veins. Hole ID 190MI-010 From (m) To (m) Length (m) Au (gpt) 0.00 3.00 3.00 27.00 Ag (gpt) 40.50 Au eq (gpt) 27.54 18.75 19.85 1.10 2.60 2.80 2.64 36.30 36.98 0.68 3.20 13.50 3.38 62.00 64.30 2.30 3.80 55.90 4.55 108.95 110.00 1.05 14.10 37.60 14.60 117.00 118.10 1.10 29.60 36.50 30.09 including 117.00 117.30 0.30 96.50 65.70 97.38 123.40 125.70 2.30 2.30 22.60 2.60 139.15 148.90 9.75 1.30 60.60 2.11 207.02 208.15 1.13 1.00 128.00 2.71 223.50 224.50 1.00 0.90 132.00 2.66 259.30 259.90 0.60 4.10 13.90 4.29 343.00 344.00 1.00 3.00 10.20 3.14 348.00 348.57 0.57 6.70 501.90 13.39 353.80 355.77 1.97 4.80 29.00 5.19 368.29 369.32 1.03 5.30 64.30 6.16 401.30 404.90 3.60 2.30 211.50 5.12 406.70 407.80 1.10 2.50 161.00 4.65 419.58 423.35 3.77 12.30 84.50 13.43 including 422.08 422.70 0.62 38.50 128.00 40.21 427.00 428.00 1.00 2.70 5.30 2.77 453.90 455.10 1.20 7.80 887.50 19.63 including 454.80 455.10 0.30 26.20 2970.00 65.80 516.00 517.00 1.00 3.10 166.00 5.31 = Au Eq Au (gpt) + Ag (gpt)/75 1. Refer to the Company's news release dated December 17, 2019. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 23#242019 Honpi Drilling 1 Hole 190MI-010 encountered a remarkable 21 mineralized veins. Hole ID From (m) To (m) Length (m) Au (gpt) Ag (gpt) Au eq (gpt) 190MI-010 0.00 3.00 3.00 27.00 40.50 27.54 18.75 19.85 1.10 2.60 2.80 2.64 36.30 36.98 0.68 3.20 13.50 3.38 62.00 64.30 2.30 3.80 55.90 4.55 108.95 110.00 1.05 14.10 37.60 14.60 117.00 118.10 1.10 29.60 36.50 30.09 including 117.00 117.30 0.30 96.50 65.70 97.38 123.40 125.70 2.30 2.30 22.60 2.60 139.15 148.90 9.75 1.30 60.60 2.11 207.02 208.15 1.13 1.00 128.00 2.71 223.50 224.50 1.00 0.90 132.00 2.66 259.30 259.90 0.60 4.10 13.90 4.29 343.00 344.00 1.00 3.00 10.20 3.14 348.00 348.57 0.57 6.70 501.90 13.39 353.80 355.77 1.97 4.80 29.00 5.19 368.29 369.32 1.03 5.30 64.30 6.16 401.30 404.90 3.60 2.30 211.50 5.12 406.70 407.80 1.10 2.50 161.00 4.65 419.58 423.35 3.77 12.30 84.50 13.43 including 422.08 422.70 0.62 38.50 128.00 40.21 427.00 428.00 1.00 2.70 5.30 2.77 453.90 455.10 1.20 7.80 887.50 19.63 including 454.80 455.10 0.30 516.00 517.00 1.00 26.20 3.10 2970.00 166.00 65.80 5.31 Au Eq = Au (gpt) + Ag (gpt)/75 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 1. Refer to the Company's news release dated December 17, 2019. 24#252019 Honpi Drilling DEPTH 0 m 100 m 200 m 300 m 500 m LEGEND siliceous deposits clays, alunite clays, illite (sericite at depth) chlorite, illite, montmorillonite, carbonate, epidote silica, adularia, albite country rock (unaltered) 900 m Modified from: Buchanan, 1981 2023 | Irving Resources HOT SPRINGS BOILING LEVEL Can move up and down over time 200 RL A2 150 RL 4983300 N 100 RIOMI-100m 50 RL SINTER www 49 3200 N ORE MINE DEPT NES rite, rare gold, mercury SHEETED VEINS IMPLOSION BRECCIA gold in pyrite, silver sulfosalts ? MAIN PRECIOUS METAL HORIZON BASE METAL HORIZON gold in electrum, silver sulfides galena, sphalerite, chalcopyrite 4933100 N 4933100 N 27.5 ppm 2.7 ppm 3.4 ppm 4.4 ppm Including 16.6 ppm m 41.007 CNX: IRV | OTCQX: IRVRF 14.5 ppm 30 ppm Including 97.3 ppm 2.6 ppm 2 ppm Including 3.6 ppm 4933000 N 200 2.5 ppm 2.4 ppm 4.2 ppm 300 4938000 N 3.1 ppm 12.6 ppm 5.1 ppm Including 8.2 ppm 6.1 ppm 4932900 N Including 10.8 ppm 4.8 ppm Including 14.7 ppm 4.4 ppm 13.3 ppm Including 22.7 ppm Including 40 ppm 2.8 ppm 18.3 ppm 4932900 N Including 61.1 ppm 500 5 ppm 190MI-010 4932800 N 4932 00 N B2 200 RL 150 RL 100 RL 50 RL 0 RL -50 RL -100 RL -150 RL -200 RL -250 RL T T 25#262020 Nanko Drilling¹ Drilling at Nanko indicates a completed preserved hot spring system remains intact with long low grade intercepts at the top and high-grade veins below. Hole From (m) To (m) Length (m) Gold (gpt) Silver (gpt) Gold eq (gpt) 200MI-002 74.70 89.20 14.50 2.90 29.50 3.29 including 75.20 77.00 1.80 7.54 60.79 8.35 including 80.29 82.30 2.01 12.59 91.36 13.81 200MI-003 41.30 55.90 14.60 1.71 21.64 2.00 207.00 221.24 14.24 3.55 69.24 4.47 including 218.54 220.30 1.76 8.15 147.29 10.11 225.30 229.00 3.70 2.92 38.43 3.43 341.70 343.42 1.72 21.65 538.75 28.83 including 342.20 342.80 0.60 56.10 1435.00 75.23 200MI-004 16.50 71.94 55.44 0.52 15.24 0.72 200MI-005 27.45 109.18 81.73 1.02 31.29 1.44 including 28.70 30.30 1.60 7.05 102.50 8.42 including 92.59 94.00 1.41 5.05 168.96 7.30 200MI-006 50.50 52.27 1.77 3.27 42.4 3.83 82.00 111.55 29.55 0.88 23.6 1.20 including 104.96 107.35 2.39 5.22 103.6 6.60 200MI-007 51.89 54.88 2.99 4.34 26.8 4.70 including 54.30 54.88 0.58 18.00 92.4 19.23 200MI-008 5.00 8.00 3.00 2.84 8.4 2.95 11.00 13.00 2.00 3.98 26.1 4.33 200MI-009 130.35 131.52 1.17 4.75 8.3 4.86 224.84 235.60 10.76 1.77 49.9 2.44 including 227.50 229.37 1.87 8.88 93.1 10.12 314.01 320.51 6.50 4.37 24.4 4.69 including 318.00 320.51 2.51 9.21 35.2 9.68 Au eq (gpt) = Au (gpt) + Ag (gpt)/75 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 1. Refer to the Company's news release dated November 13, 2020. 26#272020 Nanko Drilling¹ Gold eq Hole 200MI-002 From (m) To (m) Length (m) Gold (gpt) Silver (gpt) (gpt) 74.70 89.20 14.50 2.90 29.50 3.29 including 75.20 77.00 1.80 7.54 60.79 8.35 including 80.29 82.30 2.01 12.59 91.36 13.81 200MI-003 41.30 55.90 14.60 1.71 21.64 2.00 207.00 221.24 14.24 3.55 69.24 4.47 including 218.54 220.30 1.76 8.15 147.29 10.11 225.30 229.00 3.70 2.92 38.43 3.43 341.70 343.42 1.72 21.65 538.75 28.83 including 342.20 342.80 0.60 56.10 1435.00 75.23 Drilling at Nanko indicates a completed preserved hot spring system remains intact with long low grade intercepts at the top and high-grade veins below. 200MI-004 16.50 71.94 55.44 0.52 15.24 0.72 200MI-005 27.45 109.18 81.73 1.02 31.29 1.44 including 28.70 30.30 1.60 7.05 102.50 8.42 including 92.59 94.00 1.41 5.05 168.96 7.30 200MI-006 50.50 52.27 1.77 3.27 42.4 3.83 82.00 111.55 29.55 0.88 23.6 1.20 including 104.96 107.35 2.39 5.22 103.6 6.60 200MI-007 51.89 54.88 2.99 4.34 26.8 4.70 including 200MI-008 54.30 54.88 0.58 18.00 92.4 19.23 5.00 8.00 3.00 2.84 8.4 2.95 11.00 13.00 2.00 3.98 26.1 4.33 200MI-009 130.35 131.52 1.17 4.75 8.3 4.86 224.84 235.60 10.76 1.77 49.9 2.44 including 227.50 229.37 1.87 8.88 93.1 10.12 314.01 320.51 6.50 4.37 24.4 4.69 including 318.00 320.51 2.51 9.21 35.2 9.68 Au eq (gpt) = Au (gpt) + Ag (gpt)/75 1. Refer to the Company's news release dated November 13, 2020. 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 27#282020 Nanko Drilling DEPTH 0m 100 m 200 m 300 m 500 m LEGEND siliceous deposits clays, alunite clays, illite (sericite at depth) chlorite, illite, montmorillonite, carbonate, epidote silica, adularia, albite country rock (unaltered) 900 m Modified from: Buchanan, 1981 2023 | Irving Resources HOT SPRINGS, BOILING LEVEL VEIN 932300 N B2 200 RL 150 RL 100 RL SINTER 49 2400 N ORE MINERAL DEPTH ZONES pyrite, rare gold, mercury SHEETED VEINS IMPLOSION BRECCIA gold in pyrite, silver sulfosale MAIN PRECIOUS METAL HORIZON 32500 N பட 100 100m10 100 m T 200 200 200 4932600 N 20OMI-004 300 silver sulfides gold in electrum, 300 Can move up and down over time BASE METAL HORIZON galena, sphalerite, chalcopyrite CNX: IRV | OTCQX: IRVRF OMI-005 4932600N 400 4932700 N 200MI-003 4932700 N 4932800 N 4932 00 N B1, BR 200 RL 493 900 N 150 RL 100 RL 50 RL 0 RL -50 RL -100 RL -150 RL -200 RL 4932900 N T T T 28#29Looking West 2021 Honpi Drilling - An Exciting New Discovery 0 RL 200 R 100 RL 4932600 N -100 RL Andesite Flow Sequence -200 RL -300 RL 4932600 N 400 RL 2023 | Irving Resources 6938800EN- 4888800 210MI-001 5.70gpt Au eq over 10.2m inc 10.58gpt Au eq over 3.8m 4933000 N Upper Vem System Honpi 21OMI-002 9.88gpt Au eq over 9.9m inc 16.24gpt Au eq over 3.95m 4933400 N Mineralized Envelope 4933000 N 21OMI-001 300 200 4933200 N CNX: IRV | OTCQX: IRVRF 100 100 m 200 651400 E Rhyolite Flow 4933600 N 200 RL 100 RL Re-established Mineralizing System Upper Volcaniclastic Sequence Unconformity 0 RL Initial Sinter/Sediment/Eruption Breccia Sequence Mineralizing (mineralized) 210MI-002 Lower Vein System Sedimentary/Volcaniclastic Sequence L- 4933400 N 651400 E 4933600 N System -100 RL -200 RL -300 RL -400 RL 29#30- 2021 Honpi Drilling – An Exciting New Discovery Banded Sinter Fossil Algae 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 30#31- 2021 Honpi Drilling – An Exciting New Discovery Sinter and Clastic Rocks Hot Springs Kamiomu Formation Initial Epithermal System Initial System 2023 | Irving Resources 200m After Burial Hot Springs Omui Sequence Sinter and Clastic Rocks Kamiomu Formation Rejuvinated Epithermal System 200m Buried Epithermal System CNX: IRV | OTCQX: IRVRF Honpi Current Surface Omui Sequence Previous Drilling Sinter and Clastic Rocks Kamiomu Formation Present Day 210MI-002 Untested Target 200m 31#32- 2022 Honpi Drilling – Targeting the Prize Honpi Current Surface Omui Sequence Previous Drilling Sinter and Clastic Rocks Present Day 210MI J02 Kamiomu Formation Untested Target 200m 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 32#33Omu Sinter Drilling 1 Three rounds of drilling have been conducted at Omu Sinter, in mid-2019, early 2020 and early 2021. To date, drilling has encountered numerous high- grade vein intercepts such as hole 190MS-002 which encountered 0.32 m grading 118.5 gpt Au and 1,410 gpt Ag and several long intercepts of silical sinter with low grade mineralization including hole 210MS-004 which encountered 65.7 m grading 0.48 gpt Au and 18.55 gpt Ag. 006+6 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 651300 651300 651800 652300 4941900 651800 652300 1. Refer to the Company's news release dated August 3, 2021. 33#34Omu Sinter Results¹ Hole From (m) To (m) Length (m) Au (gpt) Ag (gpt) Au eq (gpt) 190MS-001 61.20 62.66 1.46 5.15 13.00 5.32 Veins 190MS-002 183.75 191.92 8.17 5.40 105.90 6.81 including 184.39 185.72 1.33 29.77 575.70 37.45 including 184.93 185.25 0.32 118.50 1410.00 137.30 190MS-003 356.10 357.40 1.30 3.65 27.50 4.02 190MS-004 177.59 178.37 0.78 1.85 444.00 7.77 190MS-005 308.27 310.30 2.03 12.92 44.10 13.51 190MS-006 136.50 139.50 3.00 1.18 656.30 9.93 190MS-007 304.10 305.10 1.00 1.35 686.00 10.50 200MS-001 188.00 190.70 2.70 4.70 92.16 5.93 200MS-002 5.40 28.30 22.90 0.76 19.72 1.02 Sinter 210MS-002 61.47 165.60 104.13 0.23 15.13 0.43 210MS-004 4.90 70.60 65.70 0.48 18.55 0.73 Au eq (gpt) = Au (gpt) + Ag (gpt)/75 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 1. Refer to the Company's news release dated August 3, 2021. 34#35Hokuryu CSAMT CSAMT at Hokuryu displays a prominent resistive structure trending E-SE and open to the east. Historic mine workings only occupy a small area, so Irving believes there are many more veins to be found here. Phase I drilling began in October 2021 and continues in 2023. 2023 | Irving Resources Location of Hokuryu mine workings First hole 2.2 km 1,100 m CNX: IRV | OTCQX: IRVRF 35#362021 Hokuryu Drill Results¹ Hole From (m) To (m) Length (m) Au (gpt) Ag (gpt) Au eq (gpt) Ag eq (gpt) 21HKR-001 includes 266.53 266.94 292.07 293.74 292.07 292.40 0.41 3.12 469.00 9.13 712.36 1.67 4.27 7.55 4.37 340.61 0.33 14.05 13.35 14.22 1109.25 2023 | Irving Resources 0 1 2 3 4 5 6 7 8 9 10 cm HOLE:21HKR-001 DEPTH:265.62 DOWNHOLE 1. Refer to the Company's news release dated March 6, 2023. CNX: IRV | OTCQX: IRVRF 36#37• Kyushu Projects: Yamagano Mine & Satsuma Past producing Yamagano Mine License (5.25 sq. km.) and East Yamagano (6.2 sq. km.) mineral prospecting licenses located 11 kms south of world class Hishikari mine • Satsuma (107.13 sq. km.) mineral prospecting licenses 3505000 3510000 3515000 3520000 3525000 3530000 3535000 3540000 2 Kilometers 3545000 3550000 605000 610000 ING RESOURCE 615000 620000 625000 630000 635000 640000 645000 650000 655000 660000 665000 670000 B Satsuma O 11 km (Satsumasendai) Kushikin Gold Mine 串木野市 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF (Ichikikushikino) amagano Region amagano 605000 610000 615000 620000 625000 630000 635000 640000 645000 650000 655000 660000 665000 Hishikari Gold Mine · 11 km Yamagano East 670000 霧島市 (Kirishima) 37 3505000 3510000 3515000 3520000 3525000 3530000 3535000 3540000 3545000 3550000#38Yamagano Mine Map • Yamagano mine veins & underground workings map Reported gold production of 300 years No modern-day exploration completed at Yamagano including drilling Veins 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF Exploration potential 山野山坑内実測 體如十五年十二月末日现在 Exploration potential R * ◎島5杯三番地 主島如良幹棟上之六蠢地 今村 浩 株式会社 島興業 出業京人 Í吧 上野隆正 38#39Noto Projects Irving staked four LSE projects on the Noto Peninsula totaling 337.37 sq. km. following receipt of strong BLEG Au results. High level reconnaissance confirms all anomalies are associated with hot spring systems. 2023 | Irving Resources 4110000 4120000 00001 4140000 Noto Project Area D 650000 650000 660000 670000 680000 690000 700000 710000 ISIKAWA NE Noto Central Noto SW Noto E Noto 62900 70009 692000 690000 700999 710000 CNX: IRV | OTCQX: IRVRF 4110000 4120000 4130000 4140000 4150000 39#40Irving's 2023 Exploration Plans 2023 Omu program: 2023 Yamagano program: Aggressive Phase IV drilling at Omui (Winter thru Fall) Phase IV drilling at Omu Sinter (Spring) Phase II drilling at Hokuryu (Spring and Summer) Maiden drilling at Maruyama (Summer and Fall) Review of CSAMT/AMT conducted in 2022 Permitting process for Phase I drilling (Spring) Maiden drilling (Fall and Winter) TOYOTA 2023 | Irving Resources CNX: IRV | OTCQX: IRVRF 40 40#41RVIN CNX: IRV | OTCQX: IRVRF email: [email protected] Phone: 1-604-682-3234