Investor Presentaiton

Appendix 3 Earn In Schedules Lana Corina 1 2 3 4 Stage Complete US$1M expenditure Complete US$1M expenditure Stage Acquisition Interest Time (Months from Signing) Cash Payment (US$) CPO Share Payment (US$) Work Commitment Signing 100,000 N/A 12 150,000 24 250,000 36 60 800,000 750,000 1,650,000 1,000,000 N/A N/A 5 Fortuna Stage Time (Months from Signing) Cash Payment (US$) Comment 1 12 2345 24 120,000 120,000 Paid Monthly (@USD10k per month) 36 120,000 48 120,000 60 120,000 Work Commitment Las Petacas Stage Date for completion Payment (US$) Complete US$1.5M expenditure (can include Lana Corina) Condition precedent/ work commitment 1 30/06/2021 50,000 (completed) Carry out research through induced polarisation (IP) survey and GAIP grid in a minimum area of 2 km² 2 31/12/2021 (completed) 100,000 Complete 2,741 m drilling or US$1 M expenditure 3 4 31/12/2023 31/12/2024 350,000 Complete 3,259 m of additional drilling 500,000 Complete 5,000 m additional drilling or US$1.5 M expenditure CULPEO MINERALS ASX:CPO | OTCQB:CPORF Aggregate Culpeo Interest 0% 0% 20% 20% 30% 50% 15% 65% 15% 80% Stage Acquisition Interest Aggregate Culpeo Interest 80% 80% % Total owned by earn Culpeo 8% 58% 8% 66% 9% 75% 10% 85% ☑ INVESTOR PRESENTATION 24

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