#1JAMES BAY MINERALS South-West Connect - Investor Presentation ASX Code: JBY 18 October 2023 Canadian focused, lithium Explorer#22 James Bay Minerals Disclaimer JAMES BAY MINERALS Forward-looking statements This Presentation may contain certain forward-looking statements, guidance, forecasts, estimates or projections in relation to future matters (Forward Statements) that involve risks and uncertainties, and which are provided as a general guide only. Forward Statements can generally be identified by the use of forward looking words such as "anticipate", "estimate", "will", "should", "could", "may", "expects", "plans", "forecast", "target" or similar expressions and include, but are not limited to, indications of, or guidance or outlook on, future earnings or financial position or performance of the Company. The Company can give no assurance that these expectations will prove to be correct. You are cautioned not to place undue reliance on any forward-looking statements. None of the Company, its directors, employees, agents or advisers represent or warrant that such Forward Statements will be achieved or prove to be correct or gives any warranty, express or implied, as to the accuracy, completeness, likelihood of achievement or reasonableness of any Forward Statement contained in this presentation. Actual results may differ materially from those anticipated in these forward-looking statements due to many important factors, risks and uncertainties. The Company does not undertake any obligation to release publicly any revisions to any "forward-looking statement" to reflect events or circumstances after the date of this Presentation, except as may be required under applicable laws. Not an Offer This Presentation is for information purposes only. The Presentation does not comprise a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with ASIC) or any other law. This Presentation also does not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any Securities nor shall they or any part of them form the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to Securities. Disclaimer The Company does not make any representation or warranty as to the accuracy or completeness of the information in the Presentation and shall not have any liability for any information or representations (express or implied) contained in, or for any omissions from, the Presentation. To the maximum extent permitted by law, none of the Company, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained in this Presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation. Competent Person Statement The information in this Presentation that relates to Exploration Results at the La Grande and Troilus Projects is extracted from the Company's Prospectus dated 19 July 2023 (Prospectus) and the following ASX announcements (Original Announcements): 1. Extensive field of fractionated pegmatite dykes discovered over 3km in length at the Aero Property - James Bay, Canada, dated 5 October 2023; and 2. Multiple large outcropping pegmatite dykes identified at Aqua Property - James Bay, Canada, dated 12 October 2023. The Company confirms that it is not aware of any new information or data that materially affects the information contained in the Prospectus and Original Announcements.#33 James Bay Minerals Company Snapshot Hudson Bay ONTARIO James Bay Ottawa JAMES BAY MINERALS James Bay Minerals owns 100% interest in 22,438 Ha (224km²) of prospective lithium projects within the James Bay region of Quebec. Corporate Summary Quebec ☐ Shares on Issue 60,500,000 Share price (Close Price 17/10/23) $0.35 Market Capitalisation $21,175,000 IPO Cash Raised $6,000,000 Balance of Shareholders -29% Top 20 Shareholders ~71%#44 James Bay Minerals Company Highlights Д Field of fractionated pegmatites discovered¹ Canadian focused, lithium Explorer Board & management with extensive lithium experience Properties all have three key ingredients for giant LCT pegmatites 1. ASX Announcement “Extensive field of fractionated pegmatite dykes discovered over 3km in length at the Aero Property – James Bay, Canada", dated 5 October 2023 JAMES BAY MINERALS#55 Board of Directors Andrew Dornan Executive Director Gerard O'Donovan Non-Executive Chair Judy Baker Non-Executive Director Dean Ercegovic Non-Executive Director 18 years senior commercial management experience within various major and mid- tier international mining organisations including Pilbara Minerals, Tianqi Lithium, Fortescue Metals Group, Newmont and Rio Tinto. Managing Director of Battery Age Minerals, based in Ontario, Canada. Served as the project manager for Pilbara Minerals, overseeing the development of the Stage 1 Pilgangoora mine & concentrator development. Integration manager for PLS of Altura Operations after acquisition. 8-year Director of Nemaska Lithium Quebec, which developed the largest Spodumene deposit in North America. Founder of Lithium Canada Corporation. Geologist, Engineer, MBA with strong Capital markets experience. Founding Director and Chief Operating Officer of Primero Group where he spent over 11 years. Primero now operates in multiple regions globally (including Quebec) and is an industry leader in the design, construction and operations of Lithium processing facilities. James Bay Minerals#6CO 6 Senior Management Mark Fekete Senior Geology consultant 30-year experienced geologist based in Quebec, fluent in French. Strong existing relationships with local exploration community and first nations suppliers. Marty Huber Senior Geology Consultant 20-year experienced geologist based in Quebec, with key experience across Lithium, base & precious metals projects. Daniel Loughnan Chief Financial Officer 20 years experienced Accountant (CPA). Director of Danpalo Group an accounting consultant to a number various listed ASX Companies. James Doyle Company Secretary Experienced company secretary and corporate advisor with over 15 years' experience advising public and private companies across a range of sectors. Matthew Hayes Corporate Development Founding CEO of Raisebook, Stocks Digitals capital raising arm and founding director of Wagtail Capital. James Bay Minerals#7James Bay Minerals 7 Our properties; Joule, Aero, Aqua & Troilus 3 Key Ingredients for LCT Pegmatites . All the properties sit within Neo-Archean rocks1 1. James Bay Minerals Limited Prospectus, dated 19 July 2023 Hudson Bay Minto Subprovince Radisson Archean Missisicabi River wernmiaji JAMES BAY MINERALS Yasinki Lake Joule bert-Bourassa Reservoir Pine Mountain Lake La Grande Subprovince Archean Tilly Lake Aero Aqua Guyer Lake Frigate Lake Sakami Lake Opinaca Subprovince Archean Keniapiscau Lake Boyd Lake Lichteneger Lake Tide Lake Corvette Lake 562 m Opatica Subprovince Archean Troilus 614 m 0 Provin Suterat 826 m Mistassini Lake Lake Albanel Kilometers 25 25 50 100 James Bay Minerals Projects#8James Bay Minerals 8 Regional Deformation Zones Hudson Bay 3 Key Ingredients for LCT Pegmatites Neo-Archean rocks . Major regional faults with wide deformation zones up to 1km across¹ 1. James Bay Minerals Limited Prospectus, dated 19 July 2023 Missisicabi River Strutt Wemindji JAMES BAY MINERALS Minto Subprovince Radisson asinki Lake Joule Pine Mountain Lake La Grande Subprovince Aero.. Aqua Guyer Tilly Lake Dert-Bourasses Reserv Sakami Lake Opinaca Subprovince Boyd Lake Lichteneger Lake Opatica Subprovince Keniapiscau Lake Troilus 614 m Frigate Lake Corvette Lake 562 m Tide Lake 826 m 0 25 25 Mistassini Lake Kilometers Lake Albanel 50 100 ...... Deformation Zones James Bay Minerals Projects#9James Bay Minerals 9 Regional Greenstones belts Hudson Bay 3 Key Ingredients for LCT Pegmatites . . Neo-Archean rocks Major regional faults with widths up to 1km plus wide Greenstone belts in proximity to S-type granites¹ 1. James Bay Minerals Limited Prospectus, dated 19 July 2023 Missisicabi River गापार Wemindji JAMES BAY MINERALS Minto Subprovince Radisson sing Lake Joule bert-Bourass Rese Pine Mountain Lake La Grande Subprovince Aero Aqua Guyer Corvette La Grande Greenstone Belt Sakami Lake Opinaca Subprovince Boyd Lake Lichteneger Lake Frigate Lake Opatica Subprovince Keniapiscau Lake Troilus 614 m مال 562 m N Tilly Lake Tide Lake 826 m Mistassini 25 Lake Kilometers ake Albanel 50 100 Deformation Zones James Bay Minerals Projects#10James Bay Minerals 10 Location of Major Deposits Hudson Bay SITUTE Minto Subprovince 47 Radisson asingi Lake Pine Mountain Lake La Grande Subprovince Tilly Lake Joule bert-Bourass Reserv Aero Aqua Guyer Lake Corvette Lake La Grande Greenstone Belt Fri Adina Pet Corvette - Patriot Battery Metals Cancet - Winsome Resources The Northern properties sit along the La Grande Greenstone belt of the James Bay region in Quebec, which hosts some of the largest lithium discoveries of the past few years. Wemindji Mia Lithium - Q2 Metals Sakami Lake Opinaca Subprovince Boyd Lake James Bay - Allkem Fliszar Rose - Critical Elements Pontax Lichteneger Lake Tide Lake Graab Missisicabi River JAMES BAY MINERALS 562 m 826 m Whabouchi - Nemaska Lithium Opatica Subprovince Moblan - Sayona Keniapiscau Lake Troilus Lac Gertrude-Sud Siriac Clappier 614 m 0 25 Kilometers 50stassini 100 Lake Lake Li Occurrences Deformation Zones Lithium Trends James Bay Minerals Projects#1111 James Bay Minerals La Grande Project - Aero Property Field of fractionated pegmatite dykes discovered - ~3km long and ~350m wide¹ Approximate pegmatite Length (m) JAMES BAY MINERALS Approximate Max width exposed (m) Hawker pegmatite dykes running in located on JBY's the Aqua Property. Number Pegmatite Name 1 Armstrong 292 10 2 Avro 400 20 3 Brewster 133 10 4 Bristol 102 5 5 Corsair 276 10 6 Curtiss 324 5 7 Fairey 152 5 8 Fury 97 10 9 Gauntlet 175 10 10 Havoc 59 5 11 Hawker 560 20 12 Hellcat 450 31 13 Lightning 60 10 14 Marauder 60 6 15 Meteor 50 10 16 Mustang 286 22 17 Spitfire 86 15 18 Thunderbolt 591 10 19 Warhawk 180 10 20 Wildcat 87 5 21 Gloster 72 5 1. ASX Announcement "Extensive field of fractionated pegmatite dykes discovered over 3km in length at the Aero Property - James Bay, Canada", dated 5 October 2023#1212 James Bay Minerals La Grande Project - Aqua Property Multiple massive outcropping pegmatite dykes identified¹ JAMES BAY MINERALS Pegmatite dykes running west to east (left to right of picture) (Second running in parallel behind) photographed from helicopter on James Bay Minerals' Aqua Property. Multiple pegmatite dykes running in parallel in the western central portion of the Aqua Property. 1. ASX Announcement "Multiple large outcropping pegmatite dykes identified at Aqua Property - James Bay, Canada", dated 12 October 2023.#1313 La Grande Project - Aqua Property Abundant Spodumene crystals discovered at border¹ Roggan River JAMES BAY MINERALS 450000 455000 460000 465000 470000 Multiple large outcropping pegmatite dykes identified² FIN Resources (ASX: FIN), has recently announced it has identified “abundant spodumene crystals within a broad pegmatite outcrop" Spodumene crystals estimated to be within 250m of Aqua's boarder. Targeted field program across Aqua to commence H1 2024. 5935000 5930000 Chisasibi Wemindji Robert-Bourassa Reservoir Winsome Patriot 138181 138182 138190 Pegmatites AQUA 138191 n/a n/a 138178 138192 138179. 138180 138176 138177 72 1. 2. 5925000 Reference: Fin Resources PR Oct 9, 2023 Increasing Prospectivity Rock Sample Pegmatite Sample Spodumene-Pegmatite Sample 450000 FIN Resources Limited ASX Announcement "Large Spodumene Crystals Discovered in Pegmatite Outcrop", dated 9 October 2023. ASX Announcement "Multiple large outcropping pegmatite dykes identified at Aqua Property - James Bay, Canada", dated 12 October 2023. 455000 Kilometers 1.5 3 460000 6 n/a 138188 138187 138189 465000 Inla Regional Fault Aqua Property Scale 1:90,000 470000 ASX listed FIN Resources heat map showing spodumene discovery (Red Circle on left heat map) with JBY's Aero property added to the map for geographical context² 5925000 5930000 5935000 5940000#14JBY Executives -Site Visit - Executive Director Andrew Dornan met with Deputy Chief of Wemindji Arden Visitor. - Visited all La Grande Project properties (Joule, Aero and Aqua). - Walked the recently discovered field of fractionated pegmatites with the field team. CREE NATION OF WEMINDJI HELI-BORE 14 First Nations community which JBY's properties site within - Cree Nation of Wemindji JBY and Breakaway Exploration field team. JAMES BAY MINERALS#15James Bay Minerals 15 Completed Activities • Initial engagement with Cree Nation of Wemindji • LIDAR and high-resolution photography Field mapping and prospecting across Aero ongoing High-resolution heliborne magnetic & spectrometric survey flown 0 JAMES BAY MINERALS Airborne Geophysics PROSPECIAIR C-GEDI#1616 James Bay Minerals Upcoming Activities JAMES BAY MINERALS • Desk top studies analysing data generated from 2023 field program and aerial surveys to inform targeted works moving forward Submission of drill permit for Aero Property • Aero property drill program currently forecast to commence H1 2024 • Commence field prospecting programs across Joule and Aqua properties H1 2024#1717 James Bay Minerals Why Invest? JAMES BAY MINERALS 仓 Field of fractionated pegmatites discovered within 3 weeks of maiden fieldwork commencing¹ Al Only a fraction of substantial landholding explored to date Accelerated drill program at Aero to commence H1 2024 Exceptional board and management with premium assets in a Tier 1 Jurisdiction 1. ASX Announcement “Extensive field of fractionated pegmatite dykes discovered over 3km in length at the Aero Property – James Bay, Canada", dated 5 October 2023#18JAMES BAY MINERALS Contact Information: Andrew Dornan Executive Director James Bay Minerals Limited www.jamesbayminerals.com.au Investor Relations: Nicholas Read Read Corporate Phone: (08) 9388 1474 Email: [email protected]