#1IDAHO COPPER Idaho Copper Corporation Corporate Presentation - Summer 2023 OTC Markets : COPR www.idaho-copper.com#2Brief Company Overview Boise, Idaho, USA © 2023 Idaho Copper Corp. All rights reserved. IDAHO COPPER Corporate Profile Idaho Copper Corp. OTC: COPR Massive Project Name Symbol Market Cap. (1) $44MM Shares Outstanding (1) (2) 202,294,000 Outstanding Economics Share Price (1) $0.22 Deep Value vs. Peers Domicile Address Sector Nevada Corp. Boise, Idaho Mining Experienced Management Team (1) 121 Market capitalization, shares outstanding (not fully diluted), and share price are as of 5-9-23 Shares outstanding represent common stock, for a full capitalization/ownership schedule, please see page 19. N#3General Disclaimer This presentation has been prepared by management of Idaho Copper Corporation (the "Company The presentation is not intended as an offer to sell or to solicit an offer to buy or form any basis of investment decision for any class of securities of the Company in any jurisdiction. All such information should not be used or relied on without professional advice. Any unauthorized use of this presentation is strictly prohibited. The information contained in these slides, in connection with the Company and its business is subject to updating, completion, revision, verification and amendment without notice which may result in material changes. The information contained in these slides is not intended to provide financial, tax, legal or accounting advice and does not purport to contain all the information that a prospective investor in the Company may require. Certain information contained herein includes market and industry data that has been obtained from or is based upon estimates derived from third party sources, including industry publications, reports and websites. Third party sources generally state that the information contained therein has been obtained from sources the Company believes can be reasonably relied-on, but there is no assurance or guarantee as to the accuracy or completeness of any included data. Although the data is believed to be reasonably reliable, neither the Company nor its agents have independently verified the accuracy, currency or completeness of any of the information from third party sources referred to in this presentation or ascertained from the underlying economic assumptions relied upon by such sources. Forward-Looking Information and Statements This document contains "forward-looking information" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company's business prospects, and can be identified by the use of words such as "may," "will," "expect," "project," "estimate," "anticipate,” “plan,” “believe,” “potential," "should," "continue" or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Risks concerning the Company's business are described in detail in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 27, 2023, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. IDAHO © 2023 Idaho Copper Corp. All rights reserved. 3#4General Disclaimer (Continued) Forward-looking information is based on a number of material factors and assumptions, including the result of drilling and exploration activities, the ability of the Company to raise the required financing for the preparation of a feasibility study and to put the Idaho Copper project into production, that contracted parties are able provide goods and/or services on agreed timeframes, that equipment necessary for exploration and production is available as scheduled and does not incur unforeseen breakdowns, that no labor shortages or delays are experienced, that plant and equipment function as specified, that no unusual geological or technical problems occur, that the Court will not intervene with the Company's proposed exploration activities at the Idaho Copper project, and the ability of the Company to obtain all requisite permits and licenses to bring the Idaho Copper project into production. Forward-looking information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of molybdenum, silver and copper; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company's publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information. Canadian residents are cautioned that some of the information that may be published by Idaho Copper may not be consistent with securities laws and regulations applicable in Canada. Shaun M. Dykes, M.Sc. (Eng), P.Geo., is the qualified person for this Presentation and has prepared the technical information contained in this disclosure. IDAHO © 2023 Idaho Copper Corp. All rights reserved. 4#5General Disclaimer (Continued) This presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities of the Company in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities of the Company may not be offered or sold in the United States, or to, or for the account or benefit of, "U.S. Persons" as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), unless an exemption from registration is available. Any prospective investors in the Company will be required to represent, among other things, that they meet the requirements of an available exemption from the registration requirements of the U.S. Securities Act, certain restrictions on the resale of the Company's securities, and familiarity with and understanding of the terms of any offering of the Company's securities, as well as having all requisite authority to make such investment. TAXATION: Prospective investors should be aware that the purchase of the Company's securities may have tax consequences in the United States. Each prospective investor should consult its own tax advisor concerning any investment in the Company. TRANSFER RESTRICTIONS: No securities are being offered pursuant to, or in connection with this presentation. Securities of the Company that have not been registered under the U.S. Securities Act or the securities laws of any state of the United States, and if sold in the United States, or to or for the account of benefit of, U.S. Persons, will be "restricted securities" within the meaning of Rule 144 under the U.S. Securities Act. Such securities may be resold, pledged or otherwise transferred only pursuant to an effective registration statement under the U.S. Securities Act or pursuant to an applicable exemption from the registration requirements of the U.S. Securities Act. IDAHO © 2023 Idaho Copper Corp. All rights reserved. 5#6Company Overview Idaho Copper Corporation is a mineral exploration and development company, focused on exploring and developing a large copper-molybdenum-silver deposit in Idaho ("the CuMo" project). 1. 126 Federal unpatented lode mining claims Over $50M 6 Patented mining claims 2020 2,640 Acres in an unorganized mining district in Boise County, Idaho US $356M Invested into the project since 1998 PEA completed by SRK Canada in 2020 Current NPV of the Base Case in the PEA(1) Net Present Value of the Preliminary Economic Assessment is from the SRK PEA that was delivered in May 2020 using an 8% discount rate. See page 10 for more detail. IDAHO COPPER © 2023 Idaho Copper Corp. All rights reserved. CO 6#7IDAHO COPPER Idaho Copper seeks to capitalize on the looming copper supply deficit by advancing one of the largest untapped copper projects in the Americas. The economics of the project benefit from extensive high-value co-products including molybdenum and silver. © 2023 Idaho Copper Corp. All rights reserved.#8CuMo Project - Access and Infrastructure ++ # IDAHO COPPER ACCESS: The CuMo project is located approximately 40 road miles northeast of the capitol, Boise. CuMo can be accessed by passenger car or truck by taking Idaho State Highway 55 north from Boise 12 miles through Horseshoe Bend, then taking the Harris Creek Road to the east 18 miles to Centerville, then taking the Grimes Creek Road north 6 miles to Forest Service Road 382c, then traveling on this road approximately 5 miles to the project site. Total drive time in good weather is roughly 1 hour 15 minutes. POWER: For exploration activities, power is anticipated to be provided via diesel generator sets, or via equipment (drills, trucks, etc.) with their own contained fuel source. For development activities, the closest main power lines are in Horseshoe Bend which is 21 miles on a direct line from the project site. Idaho Copper understands that the Idaho Power Company has plans to potentially construct a main power line to the town of Garden City which would run within 5 miles of the CuMo site. Currently, there is a regular household power line at the Golden Age townsite which is 3 miles from the project site. WATER: There are several options available to Idaho Copper to provide process water to the project. Water in the Boise Basin is fully allocated, but CuMo could purchase water rights as needed from existing rights holders. The Payette Basin to the north of the project is only about 50% allocated, so CuMo could (subject to Idaho Department of Water Resources approval) secure an allocation from this basin and transport the water inter-basin to the project. There is also a possibility to construct a dam on Clear Creek to the south of the project. In all cases, Idaho Copper plans to fully recycle and reuse process water to the maximum extent possible, in order to keep makeup water requirements to a minimum. Relatively small amounts of water needed for exploration activities have been historically sourced from nearby creeks or from a drillhole on site that has water access. WORKFORCE AND SERVICES: Boise, the capitol of Idaho in a metropolitan area of over 750,000 people, offers a trained exploration, development and mining workforce and many expert professional mining and related services. Given the proximity of the project to Boise, CuMo staff and contractors can choose to live in Boise, or in small communities of Horseshoe Bend or Garden Valley closer to CuMo. © 2023 Idaho Copper Corp. All rights reserved. 8#9The State Of Idaho - Excellent Jurisdiction The CuMo project is located in central Idaho, in an area that is historically mining- friendly, with good access to: Roads, Rail transport, Electrical power, and A trained workforce. Idaho ranked as one of top 10 mining-friendly jurisdictions in the world in 2021 (Fraser Institute Annual Survey). IDAHO COPPER © 2023 Idaho Copper Corp. All rights reserved. 9#10Brief History Of The CuMo Project The CuMo project has gone through various ownership groups in the past and has had over $50M invested into the ground to advance the asset into the current Preliminary Economic Assessment ("PEA") stage. Pre-1998 The CuMo Project is situated in an historic placer gold mining camp with a recorded production of 2.8M ounces of gold. Molybdenite (MoS2) mineralization was not discovered in this area until 1963. Historic drilling at the site was done between 1969 and 1982 for a total of 10,981m (36,026 ft) in twenty-three (23) diamond drill holes and three reverse circulation holes. 1998-2004 O The property was re-staked as unpatented federal lode mining claims Molybdenum by CuMo Mining Inc., who then optioned these claims to American CuMo, a predecessor company to MLY in October 2004. 2004 - 2023 January 2023 O The Company was majority owned by Multi-Metal Development Ltd. (CVE:MLY) and predecessor companies. The project was optioned to International CuMo Mining Corp. (ICMC) during this period O The shareholders of ICMC, now renamed as Idaho Copper Corp. merged their equity interests into an OTC vehicle with the plan to uplist to the NASDAQ or the NYSE American within 18 months of entering the U.S. public markets. IDAHO 2023 Idaho Copper Corp. All rights reserved. 10 10#11Net Present Value Of The PEA/Implied Equity Value A significant amount of capital ($50M) has gone into developing The CuMo project since 1998. A Preliminary Economic Assessment ("PEA") from SRK Consulting was produced in May 2020. KEY ASSUMPTIONS Metal Prices Sorting Ratio (Mill Feed To Mining) Milling Rate Life Of Mine (LOM) Strip Ratio LOM Grades (Mined) LOM Grades After Sorting (Mill Feed) Mill Recoveries AFTER-TAX ECONOMICS 1. 2. 3. Undiscounted Cash Flow Post-tax Net Present Value (NPV) @8% (1) (2) Post-tax Net Present Value (NPV) @5% Post-tax Net Present Value (NPV) @ 10% Implied Equity Value % Of NPV(3) SRK PEA (1) Cu $3/lb | Mo $15/lb | Ag $17.50/Oz 72% 150,000 tpd 1.11 To 1 Mos2 0.074% | Mo 0.044% | Cu 0.105% | Ag 3.00g/T Mos2 0.093% | Mo 0.055% | Cu 0.131% | Ag 3.75g/T Mo -91.87% | Cu 76.33% | Ag 70.42% $368 Million (Average) $356 Million $1.7 Billion -$205 million 10% (3) The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. 8% is the Reported Economic Base Case in the 2020 PEA The Implied Equity Value of 10% of the NPV of the PEA is a generally accepted metric to value mining projects at the PEA level. IDAHO COPPER © 2023 Idaho Copper Corp. All rights reserved. 11#12PEA Summary - Current Measured And Indicated Resources SRK PEA (May 2020): Measured and Indicated Resources(¹). CUT-OFF GRADE > RCV CUT-OFF CONTAINED METAL RCV(2) ($) Quantity MoS2 Cu (Mt) (%) (%) Ag RCV(2) Re (ppm) ($) (ppm) Mo S (%) (mmlbs) (mmlbs) Cu Ag (Moz) 2.5 2524.6 0.053 0.079 2.43 12.93 0.019 0.272 1604.3 3988.9 178.9 5.0 2269.6 0.057 0.084 2.5 13.98 0.021 0.264 1551.1 3812.9 165.5 7.5 1990.4 0.063 0.086 2.51 15.10 0.022 0.253 1503.5 3423.5 145.7 12.5 1278.6 0.079 0.087 2.46 18.17 0.029 0.232 1211.1 2224.8 91.7 15.0 993.9 0.088 0.087 2.43 19.58 0.032 0.227 1048.7 1729.5 70.4 17.5 701.4 0.098 0.083 2.33 21.16 0.036 0.221 824.1 1164.2 47.7 20.0 424.3 0.112 0.077 2.17 23.07 0.041 0.214 569.8 653.4 26.9 1. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 2. RCV is the "Recoverable Metal Value" for the four primary economic metals: Mo oxide, Mo metal, Cu and Ag; PEA Assumptions were Mo oxide @$15/lb, Cu @$3/lb, and Ag @ 12.5/oz. © 2023 Idaho Copper Corp. All rights reserved. • IDAHO O COPPER One of the largest undeveloped copper projects in the US and the Americas. Believed to be the largest known undeveloped M&I primary molybdenum resources in the world with only ~60% of deposit drilled to date. At lowest reported PEA cutoff grade, contained metal in the Measured and Indicated Category is over 1.6 billion lb Mo, almost 4 billion lb Cu and 179 million oz Ag. Potentially one of the world's lowest-cost primary Mo mines and single largest yearly Mo producer. Projected average yearly production (2020 PEA): 43 Mn lb Mo; 84 Mn lb Cu, 3.57 Mn oz Ag. Ore contains Re and W which may be recoverable with further work. 12#13The CuMo Project - Peer Comparison (1)(2) Idaho Copper's deposit is one of the largest undeveloped copper and silver deposits in the Western Hemisphere and is believed to be the largest undeveloped primary molybdenum deposit in the world. COMPANY DEPOSIT STOCK SYMBOL TOTAL Mn LBS CU-EQUIV MEASURED AND INDICATED IN-SITU GRADE % CU EQUIVALENT Foran Mining Corp. Marimaca Copper Corp. Copper Fox Metals Inc. Mcllvnna Bay Marimaca Schaft Creek FOM 1,419 2.02 MARI 1,474 0.45 CUU 3,617 0.33 Filo Mining Corp. Filo del Sol FIL 6,019 0.53 Faraday Copper Corp. Copper creek FDY 5,569 0.51 Arizona Sonoran Copper Corp. Cactus Parks Salyer ASCU 1,611 0.44 Surge Copper Corp. Hot Chili Limited Highland Copper Company Inc. Regulus Resources, Inc. Otsa and Berg SURG 7,434 0.35 Costa Fuego HCH 4,473 0.48 Copperwood HI 4,800 1.04 Antakori REG 4,310 0.70 • Ivanhoe Electric Inc. NGEX Minerals Ltd. Trilogy Metals Inc. Los Andes Copper Ltd. Santa Cruz / Tintic IE 6,160 0.92 Los Helados NGEX 14,609 0.45 • Arctic & Bornite TMQ 9,300 2.03 Vizcachitas LA 12,777 0.43 Western Copper and Gold Corp. Casino WRN 15,140 0.32 Idaho Copper Corp. CuMo COPR 12,257 0.27 1. As compiled from publicly traded information by the management team of COPR 2. The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. IDAHO © 2023 Idaho Copper Corp. All rights reserved. IDAHO COPPER - As measured by Measures and Indicated Resources Metals prices for CuMo Cu- equivalent grade and pounds of Cu-equiv.: Cu$3/lb, Mo$15/lb, Ag$12.50/oz 13#14The CuMo Project - One of the Largest Undeveloped Copper Projects in the Americas (1)(2) Comparison Of CuMo To Other Copper Mines - Size and Grade (Cu-Equivalent)--Measured and Indicated Resources(1) 2.50 Grade in % Cu equivalent 2.00 1.50 Eagle Mtn. 1.00 Foran ° Marimaca 0.50 ArizonaPO 0.00 Highland Ivanhoe Regulus Filo Faraday Hot Chili Surge Copper Fox 2,000 4,000 6,000 8,000 Trilogy Los Andes 10,000 12,000 Size (measured by millions of pounds) 1. 2. As compiled from publicly traded information by the management team of COPR The 2020 SRK preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. IDAHO © 2023 Idaho Copper Corp. All rights reserved. CuMo PEA NGEX Western 14,000 16,000 14#15The CuMo Project - Comparison to Peer Group (1)(2) COPR is significantly undervalued vs. the majority of its Peer Group (public copper mining companies in the Americas) • As a percentage of (NPV of PEA / Market Cap), and • (Total Millions of lbs of Measured and Indicated Cu-Equivalent / Market Cap) IDAHO COPPER ARIZONA SONORAN Ivanhoe ELECTRIC FORAN NGEX CEFFTE CENTANY FILO MINING MINING CORPORATION marimaca MINERALS Corporate Name Primary Stock Symbol Market Capitalization (MM USD) Asset Name Economic Study Level Idaho Copper Corporation COPR $44 Arizona Sonoran Copper Corp. Ivanhoe Electric Inc. Filo Mining Corporation Foran Mining Corporation Marimaca NGEX Copper Corp. Minerals Ltd. Western Copper and Gold Corp. western COPPER AND GOLD TRILOGY metals inc Trilogy Metals Inc. Copper Company Inc. Highland Copper Company Inc. HIGHLAND ASCU $135 CuMo Project Cactus / Parks Salyer IE $1,300 Santa Cruz / Tintic FIL $2,080 2020 PEA PEA Jurisdiction Idaho Arizona Resource Arizona / Utah Filo del Sol PFS Argentina FOM $635 Mcllvnna Bay FS Saskatchewan MARI $281 Marimaca PEA Chile NGEX WRN $795 $283 Los Helados Resource Chile Casino PEA Yukon TMQ $97 Arctic & Bornite FS Alaska HI $41 Copperwood FS Michigan Fraser Institute Policy (Rating of 100) 83 85 85/91 77 91 69 69 80 85 72 Measured & Indicated Attributable 12,257 1,611 5,618 6,019 1,419 1,477 14,609 15,140 9,300 4,800 Resource (Mlbs Cu Equivalent) Inferred Attributable Resource 11,445 4,894 4,991 2,116 337 712 4,658 6,605 6,420 3,500 (Mlbs Cu Equivalent) TOTAL (Mlbs Cu Equivalent) 23,702 6,505 10,609 8,135 1,756 2,189 19,267 21,745 15,720 8,300 Headline After-Tax NPV @8% $356 $312.0 $1,280.0 $845.0 $524.0 $1,800.0 $1,135.0 $533.0 (Millions USD) Market Cap as % of NPV 12% 44% 163% 75% 54% 16% 9% 8% Market Cap/lb M&I Cu-equivalent 0.4% 8.4% 23.1% 37% 45% 19% 5% 2% 1% 1% Economic Study $3.00 $3.35 $3.70 $3.00 $3.35 $3.15 $3.00 $3.60 $3.00 $3.10 Long-Term Copper Price (US$/lb Cu) 1. As compiled from publicly traded information by the management team of COPR, as of 5-9-23 2. The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. COPPER IDAHO © 2023 Idaho Copper Corp. All rights reserved. 15#16Management Team and Ownership Capitalization Table IDAHO © 2023 Idaho Copper Corp. All rights reserved. 16#17Experienced Directors and Key Management Team • • • • STEVEN RUDOFSKY Director, Chief Executive Officer Founder of Talex Commodities, a boutique merchant bank focused on mining and natural resources. Former Managing Director of TransCanada Pipeline Europe Ltd (now TC Energy Corp) Former Managing Director of Glencore plc, with a focus on mining resources. Former Senior Manager at Credit Agricole CIB. BA, Clark University and JD, Emory University School of Law. IDAHO ROBERT SCANNELL Director, Chief Financial Officer Founder of Tradewinds Investment Management, a hedge fund focused on emerging markets and natural resources. Held several senior roles in Institutional Sales at Merrill Lynch & Co. BA / MBA from Penn State University • JD from Purdue University Chartered Financial Analyst © 2023 Idaho Copper Corp. All rights reserved. • • ANDREW BRODKEY Director, Chief Operating Officer Founder of International Mining and Metals Group of CB Richard Ellis. Former VP & General Counsel with Magma Copper Co. (NYSE traded spin off from Newmont Mining) and later as VP & Business Development for BHP Copper after the merger with BHP Billiton Group. CEO of four publicly traded junior miners. BS in Mining Engineering, University of Arizona JD from Creighton University JOHN MOELLER Director Former Principal with Foresgren Associates, a multi-discipline civil engineering and environmental consulting firm in the Intermountain West. Extensive background with environmental matters related to mining projects in Idaho. PhD from Idaho State University MS/BS from the University of Kentucky 17#18Ownership/Capitalization Table The management team of COPR owns a significant portion of the equity of the Company. OWNERSHIP TABLE (1) Holder Common Stock % of Common Stock Outstanding Steven Rudofsky | CEO 21,135,000 10.4% Fully Diluted Shares Outstanding 29,175,000 % of Fully Diluted Shares 10.0% Robert Scannell | CFO 17,534,000 8.7% 25,574,000 8.7% Andrew Brodkey | COO 9,517,600 4.7% 17,577,600 6.0% Shaun Dykes | Technical Advisor 8,278,200 4.1% 16,318,200 5.6% John Moeller | Director 1,072,000 0.5% 2,680,000 0.9% Total Insiders 57,536,800 28.4% 91,324,800 31.1% Public Float (2) 144,757,200 71.6% 201,879,200 68.9% TOTAL 202,294,000 100.0% 293,204,000 100.0% CAPITALIZATION TABLE (1) Common Stock & Security Type Common Stock Equivalent Common Stock 202,294,000 Convertible Preferred Stock 8,980,000 Stock Options 42,250,000 1. 2. Warrants Fully Diluted Shares Outstanding Ownership and capitalization tables are as of March 11th, 2023. Public Float includes various tranches owned by Multi-Metal (MLT) shareholders. 39,680,000 293,204,000 IDAHO 2023 Idaho Copper Corp. All rights reserved. Weighted Average Price (Conversion / Exercise / Strike) $0.15 $0.10 $0.15 18#19Bake ORF IDAHO © 2023 Idaho Copper Corp. All rights reserved. IDAHO Boise Pocatello W Catalysts for Increased Value de 19#20Valuation Catalysts and Anticipated Timeline CATALYST Time to Accomplish When PRELIMINARY ECONOMIC ASSESSMENT (PEA) Current Status NA UPDATED PEA WITH ORE SORTING STUDY 6 Months September 2023 Budget ΝΑ $750K Net Present Value $356 million (base case) Significant increase expected to Current PEA Value (1) % of NPV to Equity Value 10%(2) 10%(2) 1. UPLIST TO SENIOR NATIONAL EXCHANGE + SECONDARY OFFERING 18 months from OTC Merger PRELIMINARY FEASIBILITY STUDY (PFS) 2 Years from Uplisting June 2024 Company will be raising approximately $10M June 2026 $30M Significant Increase to Updated PEA value expected 20%(3) The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. 2. 3. Ten percent of the NPV of a Preliminary Economic Assessment is a generally accepted metric in the industry for the equity value of a mining project Twenty percent of the NPV of a Preliminary Feasibility Study is a generally accepted metric in the industry for the equity value of a mining project In the next 6 months, the company is laser focused on 2 things. 1. ORE SORTING STUDY • Will likely increase NPV of 2020 PEA . With approximately $750K, the company can conduct important ore sorting evaluation and testing to eliminate waste and reduce mill size and capital and operating costs. 2. INVESTOR RELATIONS PROGRAM • To share the story with multiple parties. • Will include reach out to institutional investors, retail investors, research professionals, social media, etc. IDAHO © 2023 Idaho Copper Corp. All rights reserved. 20 20#21Valuation Catalysts - Ore Sorting Ore Sorting is a proven technology for eliminating barren waste and upgrading mineral bearing rock at large particle sizes, typically between 250mm and 10mm (1 to 4 inches). It involves evaluating the mineral content of individual rocks as they pass through a sensor then separating them into Accept and Reject fractions, based on pre-determined selection criteria. X-Ray scanners that either measure density or actual copper and molybdenum grades can be used to select material for processing. Idaho Copper mineralization is contained in narrow stockwork veins, with the number and width of these veins controlling the grade. This type of thin vein mineralization lends itself directly to the use of ore sorting. The more veins and/or thicker the veins the better the Feeding device (Typically a vibrating feeder) grade. Timing 6 months Budget $750K Increase NPV © 2023 Idaho Copper Corp. All rights reserved. IDAHO Belt or Chute Electronic Sensor Ejection Device (Typically compressed air) Splitter O COPPER 21#22Valuation Catalysts and Anticipated Timeline (Continued) CATALYST PRELIMINARY ECONOMIC ASSESSMENT (PEA) Time to Accomplish Current Status When Budget NA NA ORE SORTING STUDY 6 Months September 2023 $750K Net Present Value $356 million (base case) Significant increase expected to Current PEA Value (1) % of NPV to Equity Value 10%(2) 10%(2) UPLIST TO SENIOR NATIONAL EXCHANGE + SECONDARY OFFERING 18 months from OTC Merger June 2024 Company will be raising approximately $10M PRELIMINARY FEASIBILITY STUDY (PFS) 2 Years from Uplisting June 2026 $30M Significant Increase to Updated PEA value expected 20%(3) 1. The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. 2. 3. Ten percent of the NPV of a Preliminary Economic Assessment is a generally accepted metric in the industry for the equity value of a mining project Twenty percent of the NPV of a Preliminary Feasibility Study is a generally accepted metric in the industry for the equity value of a mining project • 18 Months from January 2023, the Company will start the process of uplisting to a Senior U.S. Exchange (either the NYSE American or the NASDAQ). The Company intends to raise $10M in new equity capital. IDAHO © 2023 Idaho Copper Corp. All rights reserved. 22#23Valuation Catalysts and Anticipated Timeline (Continued) CATALYST Time to Accomplish PRELIMINARY ECONOMIC ASSESSMENT (PEA) ORE SORTING STUDY Current Status 6 Months UPLIST TO SENIOR NATIONAL EXCHANGE + SECONDARY OFFERING 18 months from OTC Merger PRELIMINARY FEASIBILITY STUDY (PFS) 2 Years from Uplisting June 2026 When NA September 2023 June 2024 Budget NA $750K Company will be raising approximately $10M $30M Net Present Value $356 million (base case) Significant increase expected to Current PEA Value (1) Significant Increase to Updated PEA value expected 2 % of NPV to Equity Value 10%(2) 10%(2) 20%(3) 1. 2. 3. The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Ten percent of the NPV of a Preliminary Economic Assessment is a generally accepted metric in the industry for the equity value of a mining project Twenty percent of the NPV of a Preliminary Feasibility Study is a generally accepted metric in the industry for the equity value of a mining project 1 The PFS will start immediately after the Follow-On Offering / Uplist . The $10M from the capital raise will be allocated to the budget for the PFS. Will take 2 years and $30M to complete. 2 The expectation is that it will increase the NPV; and Will increase the % of NPV to Equity Value from 10% to 20%. • At this point a decision will be made to obtain a partner or buyer for the project, or to raise the capital to take next steps to development (Bankable Feasibility Study). IDAHO © 2023 Idaho Copper Corp. All rights reserved. 23#24Conclusion - Investment Highlights Massive Project Mining Friendly Jurisdiction Numerous Catalysts For Additional Value IDAHO © 2023 Idaho Copper Corp. All rights reserved. R 50 Outstanding Economics Deep Value vs. Peers Experienced Management Team T Excellent Fundamental For Copper, Silver And Moly 24#25Market fundamentals for Copper (Cu), Molybdenum (Mo) and Silver (Ag) IDAHO © 2023 Idaho Copper Corp. All rights reserved. 25#26Copper Supply / Demand + Green Economy Green Revolution Increases Copper Demand kt 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 2010 2011 2012 2013 2014 2015 2016 2017 Copper in non-renewable energy 2018 2019 2020 2021 e 2022 e 2023 e 2024 e 2025 e 2026 e 2027 e 2028 e 2029 e 2030 e Copper in renewable energy Copper in EVs Copper in ICE Source: Morgan Stanley Research; e = Morgan Stanley Research estimates IDAHO © 2023 Idaho Copper Corp. All rights reserved. Copper demand in the "Green Economy" is booming, with a big driver in Electric Vehicles. Copper demand in the "traditional economy" is decreasing slightly. 26#27Copper Discovery Drought Copper Supply / Demand + Green Economy (Continued) 160 140 120 100 Copper in major discoveries (Mt) 80 60 40 20 0 1990 1991 © 2023 Idaho Copper Corp. All rights reserved. Cu in reserves, resources, past production Source: S&P Market Intelligence (November 2022) 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Projected new copper in major discoveries 2007 2008 2009 IDAHO 2010 2011 2012 2013 2014 2015 2016 Copper exploration budget 2017 2018 2019 2020 2021 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 Copper Exploration Budget ($M) New "major" copper discoveries have been few and far between in the last several years. 27#28Copper Supply / Demand + Green Economy (Continued) Copper Supply / Demand - Possible Looming Deficits Kt 35000 30000 25000 20000 15000 10000 5000 > 8Mt Gap 2019 2020 2021 e 2022 e 2023 e 2024 e 2025 e 2026 e 2027 e 2028 e 2029 e 2030 e Refined Copper Demand Refined Copper Supply Source: Woodmac, Goldman Sachs Investment Research IDAHO © 2023 Idaho Copper Corp. All rights reserved. Massive Supply / Demand imbalance in the Copper market may be coming. 28#29Majors Investing Upstream As Copper Supply Tightens The largest mining companies in the world are investing in junior mining companies in the copper space to secure long-term supply. Taking positions from 5.0% - 20.0% of these companies. DATE INVESTOR TARGET MARKET CAP OF TARGET INVESTMENT OWNERSHIP 9/14/2020 5/17/2021 8/2/2021 Teck Resources Limited (TSX:TECKB) Rio Tinto Group (LSE:RIO) Kodiak Copper Corp. (TSXV:KDK) $106M $10.5M 9.9% Western Copper and Gold Corporation (TSX:WRN) $241M $25M 8.0% Glencore plc (LSE:GLEN) Hot Chili Limited (ASX:HCH) $112M $10M 9.9% 2/28/2022 BHP Group Limited (ASX:BHP) Filo Mining Corp. (TSX:FIL) $2.7B $79M 5.0% 5/12/2022 Anglo American plc (LSE:AAL) Arc Minerals Limited (AIM:ARCM) $125M $88M N/A 6/16/2022 Rio Tinto Group (LSE:RIO) Arizona Sonoran Copper Company Inc. (TSX:ASCU)| $167M $27M 7.2% 8/22/2022 Queen's Road Capital Investment Ltd. (TSX:QRC) Los Andes Copper Ltd. (TSXV:LA) $236M $14M 9.9% 8/31/2022 Rio Tinto Group (LSE:RIO) McEwen Copper $256M $25M 9.7% 11/3/2022 BHP Group Limited (ASX:BHP) 12/22/2022 Rio Tinto Group (LSE:RIO) Source: S&P Capital IQ (as of March 4th, 2023). Brixton Metals Corporation (TSXV:BBB) Regulus Resources Inc. (TSXV:REG) $76M $10M 19.9% $90M $15M 16.5% IDAHO © 2023 Idaho Copper Corp. All rights reserved. 29 29#30Molybdenum: Constrained Supply Stainless Steels,. 39% Engineering Steels, 24% Uses of Molybdenum Chemicals, 13% Source: International Molybdenum Association (IMOA) © 2023 Idaho Copper Corp. All rights reserved. Foundries, 8% Mo-Metals, 5% Tool Steels, 8% Nickel Alloys, 3% • IDAHO • Global production of Mo in 2020 was 540M lb. (1) O COPPER • Its principal use is in steel fabrication. Global demand for this application is forecasted to rise 4.1% CAGR from 2021-2030.(1) Further growth in molybdenum usage is supported by: • • Mo replacing Co in lithium battery technology Increased Mo content in desalination plants and infrastructure needing high grade and corrosion resistant steel. Molybdenum supply is constrained by aging and lower grade existing production and significant financial, infrastructural, logistical and geopolitical challenges of new projects. 30 30#31Molybdenum: Key To A Green Future IDAHO O COPPER Total Molybdenum Demand by Energy Technology Through 2050 Under 2DS Coal (inc. CCS), 0% Wind, 47% Gas (inc. CCS), 1% Solar PV, 3%. Nuclear, 5% Geothermal, 42% Hydro, 2% • • • • • Green Energy transition to increase global demand of molybdenum. Government infrastructure projects aiming to promote economic growth with use molybdenum. World Bank (2020) estimates 119% demand increase for molybdenum through 2050 under IRENA Remap scenario energy technologies only. International Energy Agency (2021) estimate 290% demand increase for molybdenum through 2040 under the SDS scenario for renewables. Molybdenum named one of the six cross cutting critical minerals by the World Bank in 2020 that will be used in all technologies in the green energy transition. The Paris Agremeent, signed by 196 countries, aims to keep global templerature rise this century below 2 degrees Celsius scenario (2DS). © 2023 Idaho Copper Corp. All rights reserved. 31#32ROWARDS DEPOT IDAHO COPPER Idaho Copper Corporation OTC Markets: COPR LO MORE 1 Robert Scannell Chief Financial Officer Tel: (415) 370-9209 [email protected] 800 West Main Street, Suite 1460, Boise, Idaho, United States 83702 WWW.IDAHO-COPPER.COM