Investor Presentaiton

Appendix 1 Resource details and copper equivalent (CuEq) value calculations • Lana Corina Project: refer to ASX announcement "Drilling intersects 169m @ 1.08% Cu up to 3.56% Cu" dated 23 November 2022. Quelon Project: refer to "Company's Prospectus" dated 23 June 2021, page 43. ⚫ Candelaria Mine (TSX: LUN): refer to "Company's Prospectus" dated 23 June 2021, page 30 and SRK Consulting, 2018. Technical Report for the Candelaria Copper Mining Complex, prepared for Lundin Mining Corporation. . Assumed commodity prices: Cu US$3.00/lb, Au US$1,700/oz, Mo US$14/lb and Ag US$20/oz. • Recoveries are assumed from similar deposits: Cu = 85%, Au = 65%, Ag = 65%, Mo = 80%. . • CuEq (%) calculated using the following formula: {((Cu% x Cu price 1% per tonne x Cu recovery) + (Au(g/t) x Au price per g/t x Au recovery) + (Mo ppm x Mo price per g/t x Mo recovery) + Ag ppm x Ag price per g/t x Ag recovery)) / (Cu price 1% per tonne x Cu recovery)}. CuEq (%): Cu (%) + (0.54 x Au (g/t)) + (0.00037 x Mo (ppm)) + (0.0063 x Ag (ppm)). • It is the Company's opinion that all elements included in the metal equivalents have a reasonable potential to be recovered. CULPEO MINERALS ASX:CPO | OTCQB:CPORF INVESTOR PRESENTATION 22

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