Auxico Resources Canada : CORPORATE PRESENTATION OCTOBER 2023

CSE: AUAG0

OTCQB: AUXIF 0

A0H:FRA

AUXICORESOURCES.COM	Q3-20231	0

DEVELOPING CRITICAL MINERAL AND RARE EARTH SUPPLY, TRADE AND NEAR TERM REFINING CAPABILITIES

DISCLAIMER - Forward Looking Information

This presentation, the information contained herein, any other materials provided in connection with this presentation and any oral remarks accompanying this presentation (collectively, the "Presentation"), have been prepared by Auxico Resources Canada Inc. ("AUXICO" or the "Company") solely for information purposes. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This Presentation does not constitute an offering of securities and the information contained herein is subject to the information contained in the Company's continuous disclosure documents available under the Company's profle on www.SEDAR.com.0

The following presentation contains data provided to AUXICO. As such, the Company has taken all reasonable care in reproducing the information herein. Material in this presentation may contain technical or other inaccuracies, omissions, or typographical errors, for which the Company. assumes no responsibility. The Company does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information in this presentation. Under no circumstances, including, but not limited to, negligence, shall the Company be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profts, whether or not advised of the possibility of damage, arising from the use, or inability to use, the material in this presentation. The information presented herein is not a substitute for independent professional advice before making investment decisions.

This Presentation contains "forward-looking information" within the meaning of applicable Canadian securities legislation or "forward-looking statements" within the meaning of applicable United States securities legislation (collectively, "forward-looking statements"). The forward-looking statements herein refect management's expectations regarding the future growth, results of operations, performance and business prospects and opportunities of AUXICO. Such forward-looking statements may include, but are not limited to, statements with respect to the future outlook of the Company, business plans and strategies, proposed exploration plans, future commodity prices; success of exploration activities; results of any Technical Report, the characteristics and potential of the Company's projects, completion of any recommended work programs or expansions and any timing thereof, and working capital. This presentation may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Often, but not always, forward-looking statements can be identifed by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations (including negative and grammatical variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: general business, economic, competitive, political and social uncertainties; uncertainties arising from the COVID-19 outbreak; the actual results of current exploration activities; conclusions of economic evaluations; fuctuations in currency exchange rates; changes in project parameters as plans continue to be refned; changes in labour costs or other costs; future prices of commodities or metal prices; possible variations of mineral grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, equipment breakdown, employee sickness and acts of God or other unfavourable operating conditions and losses; delays caused due to a breakdown in relations with various local indigenous nations or on whose traditional territory where projects are located; delays in obtaining governmental approvals, project fnancing or in the completion of exploration activities; and the factors discussed in the section entitled "Risk Factors" in this Presentation. Readers are cautioned that the foregoing list of factors and those contained elsewhere in this Presentation are not exhaustive.

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 statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this Presentation and AUXICO disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable laws. There can be no assurance that forward-looking statements 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 statements.0

Mineral Resource Estimates and Technical Report, Qualifed Person

In accordance with applicable Canadian securities regulatory requirements, unless otherwise stated, all current mineral resource estimates of the Company disclosed in this Presentation have been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), classifed in accordance with Canadian Institute of Mining Metallurgy and Petroleum's CIM's Defnition Standards for Mineral Resources & Mineral Reserves, Pursuant to the CIM Guidelines, mineral resources have a higher degree of uncertainty than mineral reserves as to their existence as well as their economic and legal feasibility. Inferred mineral resources, when compared with measured or indicated mineral resources, have the least certainty as to their existence, and it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to an indicated or measured mineral resource as a result of continued exploration. Accordingly, readers are cautioned not to assume that all or any part of a mineral resource exists, will ever be converted into a mineral reserve, or is or will ever be economically or legally mineable or recovered. Unless stated otherwise herein, all scientifc and technical data contained in this presentation has been reviewed, approved and verifed by a Qualifed Person for the purposes of the Technical Report NI 43-101, an independent consultant to AUXICO.

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THE COMPANY - Critical Minerals Deposits Poised For Growth

AUXICO is positioned to become a major supplier of critical

minerals and rare earth elements (average total rare earth oxide "TREO" content in excess of 54-63%across various project jurisdictions) with access to ±3 million tonnes of such minerals - one of the largest independent supply sources outside of China.

Minastyc Project with small-scale mining permit and EIA approval: ±1 million MT of rare earths hosted in monazite sands and at grades over 63% TREO and other platinum group, precious and critical metals such as coltan in Colombia

COLOMBIA

BRAZIL

BOLIVIA

Massangana Tin Tailings
Project: ±1 million MT of rare
earths to be processed into	D.R.C
±737,000	MT	of monazite
concentrate	over	50% TREO,

including commercial quantities of tin, tantalum, niobium and ilmenite in Brazil

MOU executed for 85% equity interests in past producing critical mineral El Benton Mine; high-grade Nb, Ta, +54% TREO and samples up to 1.31% Li in Bolivia.

Revenue generating operations: ±1.25 million MT of rare earths and critical minerals in the DRC, hosted in monazite sands with average grades over 59% TREO, and including average of grades 14.95% Nd and 3.4% Pr - sales agency agreement for the sale of monazite to global markets

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THE COMPANY - Critical Minerals Deposits Poised For Growth

AUXICO RESOURCES CANADA INC., CSE: AUAG,

OTCQB: AUXIF ("AUXICO" or the "Company) is a Canadian company founded in 2014, focused on the production of critical minerals and high-valuemetals, including niobium, tantalum, platinum group metals, tin and rare earth elements. The Company owns directly or through joint ventures, mineral rights in Colombia and Brazil.0

The Company is the exclusive sales agent for rare earth concentrates from the Democratic Republic of the Congo (DRC) with Central America Nickel Inc. (CAN). 0

The Company has licensed a technology called the Ultrasound Assisted Extraction (UAEx), for the separation and refning of critical minerals, which has been proven successful at recovering rare earths (+84% recoveries in solution).

Symbol	Brazil	DRC	Colombia	Average UAEx
Grade (%)	Grade (%)	Grade (%)	Recovery (%)
CeO2	35.90	31.61	31.09	85.72
Dy2O3	0.28	0.09	0.72	86.63
Gd2O3	0.17	0.73	0.75	87.47
La2O3	15.17	9.41	9.40	85.41
Nd2O3	9.04	12.34	9.49	84.74
Pr6O11	0.89	2.58	2.44	85.94
Sm2O3	0.90	1.99	1.81	86.02
Y2O3	1.14	0.49	0.50	76.26
Total RE (%)	63.49	59.24	56.20	84.77

PATENTED ENVIRONMENTALLY-FRIENDLY ULTRASOUND TECHNOLOGY (UAEX), LICENSED BY AUXICO, IS EFFECTIVE ON HIGH-VALUE RARE EARTH SAMPLES, ACHIEVING +84% RECOVERIES OF SELECT RARE EARTH ELEMENTS OVER A 2-HOUR LEACHING TIME, AS DISPLAYED IN THE DEPOSIT SAMPLES ACCESSIBLE FROM

AUXICO'S PORTFOLIO OF PROPERTIES

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INVESTMENT HIGHLIGHTS - Sustainable Revenues and Growth Planned for 2023

• Sustainable revenue stream from DRC monazite trading operations:
• • 5 trades executed for a cumulative 949 tonnes in 2022; Auxico received 15% trading commissions from +US$4M sales.0
  • Operations to be scaled to 500 tpm, representative potential ~US$4.75M in annual revenues for Auxico once mechanized.
• Potential and operating revenue streams:0

Region	Commodity Sold	Current Capacity	Est. Price/Tonne	Tonnes Sold in	Annual Revenue in	Scale Up	Potential Annual
2022	2022	Potential	Sales Revenues
DRC - 15% sales agency	Monazite (RE)	100 tpm	± US$ 5,275/T	949	US$750,000	500 tpm	± US$ 4.75 M
commission rate	+50% TREO
Colombia/Bolivia - tin or	Tin +65%	15 tpm	± US$ 24,300/T	-	-	20 tpm	± US$ 2.6 M
columbite trading	(10.04.2023) LME Tin

• Diversifed projects, minerals and regional operations: 0
• • Limited market exposure and jurisdiction risk due to diversifed supply sources across DRC, Colombia, Bolivia and Brazil.0
  • Strong government support and regional relationships with joint venture partners and local communities.
• Of-takeagreements in place:
• • Execution of bankable tin of-takeagreement with Cuex (Swiss subsidiary of Shangai Qunxian Industrial Group Co), Chinese commodity trading company, which represents a purchase of 3,600 tpy for 5 years, for a total of 18,000 tonnes of commercial tin concentrates, and tantalum of-takeagreement with Lasell Company for 1,000 tpm.0
  • Other ongoing off-take negotiations with major vehicle manufacturers and governments, to complement and complete Auxico's upstream (supply) and midstream (processing/refning) capabilities of the critical mineral and RE supply chain.
• Corporate Resilience:
• • Revenue producing project and fnancing structures under negotiation to limit shareholder dilution.
  • Strong Board and experienced management with industry expertise (capital markets, commodities trading, fnancing, ESG, critical mineral industry experts).

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THE COMPANY - Past Producing El Benton Mine, Bolivia

	Grades of
	+1.31% Li,0
85% Interest to Critical Mineral Mine0	+54% TREO,
AUXICO has executed a Memorandum of Understanding to	22.25% Ta,
48.97% Nb

acquire 85% equity interest in Empresa Minera El Benton S.R.L. which that holds the mining title and rights to the El Benton Mine and adjacent Monte Verde concessions. 0

Past Producing Mine with High-GradeNb, Ta El Benton is a past producing mine in Bolivia which has previously exported high-grade22.25% tantalum, 48.97% niobium, and has indicated samples with grades up to 1.31% lithium, and concentrates with grades in excess of 54% total rare earth oxide content, and other critical minerals confrmed such as scandium and rubidium.

PROVINCE OF 0 ÑUFLO DE 0 CHAVEZ ,BOLIVIA

The El Benton Mine and Monte Verde properties, combined, represent approximately 739 hectares located ~200 km from the city of Santa Cruz. A visit conducted by the Company's qualifed geologists to the El Benton Mine resulted in 14 surface samples and the discovery of pegmatite structures which contained lithium over a 1km strike length. Some of the lithium contained in lepidolite boulders also indicated extremely high values of other critical minerals; a 1-tonne rock mass fallen from wall structure contained massive Li-Rb bearing lepidolite with grades of 1.92-2.02kg/tonne of lithium, 8.3-9.6 kg/tonne of rubidium, 0.45 kg/tonne gallium,

0.89 kg/tonne cesium and 0.59 kg/tonne neodymium (Sample: S00357812, S00357813), and a tourmaline pegmatite with 0.16 kg/ tonne scandium (Sample: S00357805). ICP analysis conducted by Impact Global Solutions in Canada, of outcrop samples taken from the El Benton Mine include grades of 1.31% lithium, 6.76% yttrium, 11.73% molybdenum, 0.16% dysprosium, 0.31% neodymium, 0.36% samarium, 0.11% terbium, 0.59% ytterbium.

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THE COMPANY - Minastyc Project and Tin Trading Operations, Vichada, Colombia

Colombia, Minastyc Project

Production permit issued by ANM

with NI 43-101 report - to be updated

± 1 Million Tonnes

Rare earths with TREO up to ≥63.21%

and critical metals (incl. Ta, Nb)

Tin Trading Operation

Expected to Commence Q12023 Potential revenue stream for trading of 0 high-grade tin at average grades 0 exceeding 65% tin content

Samples

+60% TREO

Tin Trading Operations intended for ~15 tpm

VICHADA,0

COLOMBIA

The National Mining Agency of Colombia has granted a mining permit for the Minastyc Property, along with approval of the Environmental Impact Assessment study ("EIA") and a small-scale mining permit from the Colombian Environmental Authority, the Regional Autonomous Corporation of the Orinoquia (Corporinoquia). A NI-43101 report on the Company-controlled Minastyc property exhibits samples of total rare earth oxide concentrates grading 68.25% and 65.57%, and surface discovery of high-grade gold, platinum, titanium, zirconium, hafnium and iridium. Samples from pits on the Minastyc property displayed test results of 33.75-62.13%tin content, inferring the development potential of a major tin operation in Colombia. The Minastyc property lies near South America's largest probable meteorite impact occurrence, the 30 million-year-old Vichada Structure is a 50-km diameter impact crater, which is a key reason why the property is so rich in critical minerals.

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THE COMPANY - Massangana Tin Tailings Project, Brazil

Brazil, Massangana Tin Tailings

Fully permitted project of 30 million tonnes

estimated by German and Brazilian governments;

tailings available over an area of 17,000 ha

Planned Processing 750,000 Tonnes Per Year Total ore content includes ±737,000 tonnes of monazite, ±120,000 tonnes of tin and ±265,000 tonnes of critical metals (Ta, Nb)

Offtake Agreement Executed

Cuex Metals AG for 3,600 tpy of tin

Sustainable 20 0 year project life

S a m p l i n g c a m p a i g n c o n d u c t e d o n t h e tailings property; of 51 samples taken, average grades indicated 2.01%

SnO2 and 5.4% TiO2

(sample grades up to 26.7% and 22.8% SnO2)

RONDONIA,0

BRAZIL

AUXICO has signed a JV agreement with Cooperativa Estanifera de Mineradores da Amazonia Legal Ltda ("CEMAL"), for the development of the Massangana tin tailings project with estimated 30,000,000 tonnes of tailings, in Rondonia, Brazil. The property is fully permitted for extraction and treatment of the tailings and the production of commercial concentrates as it was previously a mining operation, CEMAL is currently producing and exporting products. A production plan has been established for 150,000 tpy (2,500 tpd) of tailings to produce tin, ilmenite, columbite and rare earths: ±4,500 T/Y of cassiterite, ±30,000 T/Y ilmenite, ±300 T/Y columbite, and ±4,500 T/Y monazite. AUXICO will beneft from 85% proft share from this joint venture and is currently undergoing sampling for an independent resource estimate of the tailings project. The Company intends to construct a processing facility and rare earth plant on the property to enter into production mid year 2024.

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THE COMPANY - Rare Earths (Monazite) and Tantalum Projects, Democratic Republic of the Congo

Exclusive Sales Agent for RE Trading in

the Democratic Republic of the Congo (DRC)

Responsibly sourced monazite (<0.05% Th)

±1.25 Million Tonnes

Rare earths (incl. Pr, Nd, Tb, Dy, Gd)

≥59.24% total rare earth oxide content (TREO)

Sustainable Revenue Stream

±949 metric tonnes of monazite sold in 2022

Intended to scale to 500-1,000 tpm

Offtake Agreement Executed

Lasell Company for 1,000 tpm of tantalum

949 MT monazite sold in 2022

D.R.C

Results of0 15% Nd/Pr

AUXICO signed a sales agency agreement for the trading of non-radioactive rare earth concentrates from the DRC which represents a sustainable revenue stream. A cumulative quantity of 949 tonnes of rare earth concentrates (monazite) were sold in 2022, under a 5-yearoff-take agreement for 300 tpm. A total of US$570,000 has been generated across 5 trades (15% trading commissions from +US$4M sales), to be scaled to 500 tpm, representative ~US$4.75M in annual AUXICO commissions. Samples analyzed by SGS South Africa reported average grades grades of up to 16.92% Nd and 4.12% Pr, and ~60% total rare earth oxide content. Monazite sourced in the DRC concessions are sand-hosted, on surface, collected without the use of heavy machinery, and uses simple panning techniques to generate commercial grade rare earths averaging +50% TREO.

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LICENSED TECHNOLOGY - Ultrasound Assisted Extraction (UAEx)

AUXICO and CENTRAL AMERICA NICKEL INC. ("CAN") have entered into a licensing and joint venture agreement which provides AUXICO access to CAN's patented Ultrasound Assisted Extraction (UAEx) technology for the processing and extraction of critical minerals, including rare earth elements (average 85% rare earths and up to 100% in Pr, Ir, Gd). Patents have been fled for the refning of rare earths (REE), along with other patents on nickel, cobalt and scandium, along with the separation of light and heavy rare earths into commercial concentrates using acid leach processes enhanced by ultrasound and calcination at various stages. The UAEx technological processes are traditional but augmented by ultrasound and 'fash sonofcation', a process intensifer, which reduces CAPEX, OPEX, processing time, energy requirement and the use of reagents (chemical inventory) by 75-90% depending on the metal extracted. This results in a reduced environmental impact and greater recovery rates with a shorter processing time, by orders of magnitude the industry standard, resulting in battery-grade refned quality product. UAEx technology can solve the issues with separation and production of clean products from critical minerals, rare earth and high-value metals; making them viable and economic to recover using ultrasound, including the separation of rare earths into elemental form. 0

A comparison of results obtained by mechanical stirring (500rpm) using the same conditions shows the use of the UAEx process increases extraction efciency and recovery up to 35%. The increased effciency using the UAEx technology equates to less chemical usage and waste needing to be neutralized, including but not limited to reduced CO2 emissions from 20% up to 80%.0

AUXICO, alongside CAN and other technology partners, have developed a solution to remove radioactive thorium from REE reserves, making the concentrate non-radioactive and eligible for international shipping. Using UAEx, the thorium content in the concentrate was reduced to less than 0.1%, furthermore UAEx is very effective on high-value rare earth samples, achieving +80% recoveries of select rare earth elements. 0

Results of metallurgical testing conducted on rare earth concentrates from AUXICO's Minastyc property in Colombia further indicates that in joint venture with CAN, AUXICO has the ability to separate and process feed material into light and heavy rare earth commercial concentrates, at 5-20X concentration (depending on element), refer to press release dated April 20, 2023.

	100%0	100% 0
	Pr
94%0	Ir
La		95%0
		Ni
94%0		100%0
	Ga
Ce
	92%0	Avg0
	85%0
	Nd	REE

RECOVERY RESULTS: THE UAEx INCREASES RECOVERY RATES IN COMPLEX ENERGY METAL EXTRACTIONS IN ONE HOUR; UP TO 95% NICKEL, COBALT, MANGANESE AND SCANDIUM, 80% EXTRACTION OF VANADIUM, TITANIUM, COPPER AND IRON, 85% RECOVERY OF GOLD, SILVER AND VARIOUS RARE EARTH METALS, REACHING 100% RECOVERY IRIDIUM, GADOLINIUM AND PRASEODYMIUM.

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