Cordoba Minerals : Corporate Presentation (October 12, 2023)

Copper-Gold Developer with District-Scale Exploration Potential

October 2023

TSX-V: CDB │ OTCQB: CDBMF

TSXV:CDB │ OTCQB:CDBMF

Cautionary Statement

These presentation slides (the "Slides") do not comprise a prospectus or other form of offering document relating to Cordoba Minerals Corp. ("the Company"), and do not constitute an offer or invitation to purchase or subscribe for any securities of the Company or any other company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying presentation do not constitute a recommendation regarding any decision to sell or purchase securities of the Company or any other company. Your attention is drawn to the risk factors set out below.

This presentation contains forward-looking statements including, but not limited to, results of the PFS; timing and results of a feasibility study, resource estimate and EIA; JCHX transaction including but not limited to, closing and receipt of all necessary approvals; targeted milestones and anticipated development of the Alacran Project; results of the Alacran PFS; growth profile; timing and positive decision to proceed with a development decision, construction and operation of a mineral project at San Matias; results of the San Matias drill program; potential for high-grade gold intercepts in gold/CBM veins; potential at Perseverance and results of upcoming work programs on the property, including timing and results of Typhoon survey, comments regarding the timing and content of upcoming work programs; potential for additional mineralization on San Matias and surrounding exploration ground; discovery of a porphyry system at Perseverance; geological interpretations, receipt of property titles and increased interest for Cordoba under the Perseverance option earn-in; results of metallurgical test work and potential metal recoveries, potential mineral recovery processes, project optimizations; exploration plans, and targets and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. The Company's current projects are at an early stage and all estimates and projections are based on limited, and possibly incomplete data. Actual results may differ materially from those currently anticipated in this presentation. No representation or prediction is intended as to the results of future work, nor can there be any guarantee that estimates and projections herein will be sustained in future work or that the projects will otherwise prove to be economic.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. Such assumptions and estimates include, but are not limited to, assumptions with respect to the status of community relations and the security situation on site and in Colombia; general business and economic conditions; continuity of drilling programs; the availability of additional exploration and mineral project; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners and significant shareholders; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements as a result of assumptions and risks related to the statements. Important factors that could cause actual results to differ materially from the Company's expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site; actual exploration results; interpretation of metallurgical characteristics of the mineralization; changes in project parameters as plans continue to be refined; future metal prices; availability of capital and financing on acceptable terms, general economic, market or business conditions; uninsured risks, regulatory changes and changes to laws and government policy; delays or inability to receive required approvals; unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness; and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

This presentation also contains references to estimates of Mineral Resources and Reserves. The estimation of Mineral Resources and Reserves involve subjective judgments about many relevant factors. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation (including estimated future production from the Company's projects, the anticipated tonnages and grades that will be mined and the estimated level of recovery that will be realized), which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that ultimately may prove to be inaccurate. Mineral Reserves may have to be re-estimated based on changes to prevailing factors and assumptions used in the calculation, including costs, recovery rates, metal pricing and other factors.

Cordoba has prepared a NI 43-101 technical report for the San Matias Project titled "NI 43-101 Technical Report and Prefeasibility Study, San Matias Copper-Gold-Silver Project, Colombia," dated effective January 11, 2022 ("Alacran PFS"), which is available under the company's SEDAR profile at www.sedar.com. This technical report includes relevant information regarding the effective date and the assumptions, parameters and methods of the Mineral Resource and Reserves estimates on the San Matias Project cited in this presentation, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this presentation in respect of the San Matias Project and Alacran Deposit.

The technical information in this presentation pertaining to the San Matias Project has been reviewed and verified by Mark Gibson, P.Geo., a Qualified Person for the purpose of NI 43-101. Mr. Gibson is the Chief Operating Officer of Cordoba, and is not considered independent under NI 43-101.

The technical information in this presentation pertaining to the Perseverance Project has been reviewed and verified by Charles N. Forster, P.Geo., a Qualified Person for the purpose of NI 43-101. Mr. Forster is the Vice President, Exploration of Cordoba, and is not considered independent under NI 43-101.

Quality Assurance/Quality Control:

In connection with the drilling results on the Company's Alacran Project, the Company uses ALS Minerals Laboratory in Medellin, Colombia, ALS Minerals Laboratory in Lima, Peru, and SGS Colombia S.A.S in Medellin, Colombia. These labs operate in accordance with ISO/IEC 17025. The Company employs a comprehensive industry standard Quality Assurance/Quality Control (QA/QC) program. PQ and HQ diamond drill core is cut lengthwise into 3 fractions, 1/4 is sent to geochemistry, half is sent to metallurgy, and 1/4 is left behind in a secure facility for future assay verification. Some sample shipments are delivered to ALS Minerals Laboratory in Medellin, Colombia where the samples are prepared. Analysis occurs at the ALS Minerals Laboratory in Lima, Peru. Alternate sample shipments are delivered to SGS Colombia S.A.S in Medellin, Colombia where the samples are prepared and analyzed. Both analytical labs determine the gold by a 50 g fire assay with an AAS finish. An initial multi- element suite comprising copper, molybdenum, silver, and additional elements are analyzed by four-acid digestion with an ICP-MS finish. All samples with copper values over 10,000 ppm and gold greater than 10 ppm are subjected to an overlimit method for higher grades, which also uses a four-acid digest with an ICP-ES finish, and fire test with gravimetric finish. Certified reference materials, blanks, and duplicates are randomly inserted at the geologist's discretion and QA/QC geologist's approval into the sample stream to control laboratory performance (15%).

All dollar amounts are in US$, unless otherwise stated.

TSX-V: CDB │ OTCQB: CDBMF

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Exploring in Two World-Class Porphyry Copper Belts

Cordoba Minerals Corp.

• Management team has a demonstrated track record of discovery
• Strong financial and technical support from cornerstone investors (Ivanhoe Electric/Robert Friedland - 63.27% and JCHX - 19.99%)
• Colombia and Arizona are both under-explored and highly prospective
• Publicly listed on TSXV and OTCQB

Alacran Project

• Feasibility Study is underway and focusing on mine plan update and project optimizations
• 44,000-metreinfill drilling program completed
• Jointly develop the Alacran Project with JCHX

Perseverance Project

• A TyphoonTM IP-resistivity survey is anticipated
• Vested a 51% interest in the Project in March 2022

Perseverance

Copper Exploration Project

Arizona, USA

Alacran Project

Copper-Gold-Silver Development Project

Córdoba, Colombia

Copper-Gold Developer with District-Scale Exploration Potential

TSX-V: CDB │ OTCQB: CDBMF

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Capital Markets Profile

Clean Capital Structure5

Tickers	TSXV: CDB
OTCQB: CDBMF
Basic Shares Outstanding1	89.2M
Warrants2	1.5M
Options, RSU's & DSU's3	3.5M
Fully-Diluted Shares Outstanding	94.2M
Share Price (Oct 10, 2023)	C$0.32
Market Capitalization4	C$28.5M

1. As at June 30, 2023.
2. 1.5 million warrants outstanding, which are exercisable into 1.5 million common shares at exercise prices of C$0.77.
3. 2.2 million options, with exercise prices ranging from C$0.53 to C$14.45 per share, and 0.9 million RSU's and 0.4 million DSU's.
4. As at Oct 10, 2023.
5. Numbers are subject to rounding.

Share Price and Volume

(Last 12 Months)

Tightly Held Share Ownership1

Retail & Other (16.12%)

Management & Directors (0.42%)

Institutions (0.20%)

Ivanhoe Electric Inc.

(63.27%)

JCHX Mining Management Co., Ltd.

(19.99%)

Strong support from strategic investors

TSX-V: CDB │ OTCQB: CDBMF

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Proven Management Team

Sarah Armstrong-Montoya, President and Chief Executive Officer

• Has held various senior management positions within the Ivanhoe group of companies since she joined in 2010
• Appointed as Vice President, General Counsel of the Company in 2016 and in June 2018 also appointed as President of subsidiary Minerales Cordoba S.A.S., managing all in- country operations in Colombia
• Ms. Armstrong-Montoya has a legal background and previously worked at Xstrata Copper, Linklaters and Corrs Chambers Westgarth
• Extensive experience in emerging markets having directed many transactions throughout Asia-Pacific and Latin America

Mark Gibson, Chief Operating Officer

• More than 31 years of wide-ranging experience as a geoscientist and manager in the natural resources sector
• Concurrently serves as the COO of both Ivanhoe Electric and Kaizen Discovery Inc. (TSXV:KZD; "Kaizen") and joined HPX in 2011 as the founding CEO
• Previously worked with Anglo American and was the founder of a geophysical service company focused on managing seismic surveys for the mining industry

David Garratt, Chief Financial Officer

• Chartered Professional Accountant (CPA, CA) with over 20 years of experience in financial roles and the mining sector
• A senior financial executive who served as CFO for Kaizen Discovery Inc. from 2015 to 2018
• Previously worked in Deloitte's audit practice, with a primary focus on public-listed companies in Canada and the United States

Gustavo Zulliger, Vice President of Exploration

• Specializes in exploration of porphyry copper and epithermal systems in South America's high-Andes region
• Over 22 years of experience in mineral exploration, project generation, and project evaluation in the Americas, Southeast Asia, Russia, and Mongolia
• Previously served as Chief Geologist of Exploration for South America at Antofagasta Minerals SA, Principal Geoscientist for BHP Billiton Minerals Exploration, and Chief Geologist for Resolution Copper

Charles Forster, Qualified Person for Perseverance Project

• Professional Geoscientist with more than 45 years of diversified mineral exploration experience in Canada, United States, sub-Saharan Africa, Portugal, China, and Mongolia
• Formerly the Senior Vice President of Exploration at Oyu Tolgoi in Mongolia for Ivanhoe Mines (now Turquoise Hill Resources) from early 2001 to June 2008. During this time, he led a team of multi-national and Mongolian geologists in the discovery and delineation of the world-class Oyu Tolgoi copper-gold porphyry deposit
• The discovery of the massive, high-grade Hugo Dummett underground deposit at Oyu Tolgoi was subsequently recognized by the Prospectors and Developers Association of Canada, which in 2004 named Mr. Forster a co-recipient of the inaugural Thayer Lindsley Medal awarded for the International Discovery of the Year

TSX-V: CDB │ OTCQB: CDBMF

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