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Investor Presentaiton

Trevali Positioned to Generate Cashflow Internal business improvement initiatives complimented by a strengthening zinc market TREVALI SUSTAINABLY REDUCE COST BASE 90 Reduction to $0.90lb AISC1 by beginning of 2021 through delivery of $50 million in annual sustainable efficiencies. MINING AS A SERVICE Standardization and technology continue to be implemented across a functional organization structure with opportunities shared across the portfolio. $ CASH FLOW GENERATION 2021 zinc production expected to generate meaningful cash flow at current zinc prices; strengthening the balance sheet and providing flexibility. GROWING OFF AN OPTMIZED ASSET BASE Enhancing portfolio and advancing organic growth projects: RP2.0 at Rosh Pinah and T3 exploration discovery at Perkoa. 1 This is a Non-IFRS Financial Performance Measure; refer to the Company's Management Discussion and Analysis for the three and nine months ended September 30th 2020. 12
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