OROGEN ROYALTIES

PROPERTY LOCATION & ACQUISITION DATE

Project Activities In The 2022 Season

Orogen Royalties / Evrim Exploration Canada Corp.

1015-789 W Pender, Vancouver, BC orogenroyalties.com

Contacts

GENERAL INQUIRIES

Laurence Pryer Vice President Exploration

780 964 1760 laurence@ orogenroyalties.com

LEADERSHIP

Paddy Nicol President & CEO

604 816 2852 paddy@ orogenroyalties.com

The Ball Creek Property is located to the south of Mount Edziza provincial park within Tahltan Territory. The eastern end of the property crosses Highway 37 near the Burrage Creek airstrip.

The property was acquired by Evrim (Orogen’s Canadian subsidiary) in 2015.

Orogen completed a small program at Ball Creek in 2022. Between July 20 and August 4, 2022, a field program of (1) geological mapping and (2) diamond drill core relogging was completed. The geological mapping comprised one day of traversing at the Main Zone. The drill core relogging comprised a total of 8,177 m in 26 drill holes.

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

Orogen attempted to vend Ball Creek to a new group called Invenir in 2022. This process was not successful. To fulfil assessment obligations Orogen completed a small program of drill core relogging and a single day of mapping.

Number of employees working on your project(s)?

One.

Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap?

Orogen have royalty income from the Ermitaño Mine operated by First Majestic in Sonora, Mexico. We also run a profitable prospect generation business with income from partners based on option and sale agreements. Orogen are a publicly traded company. 62% of shares are owned by the retail market, 11% by Sprott Asset Mgmt., 4% by insiders, 7% by Global Strategic Mgmt. Inc, and 16% by Altius. Our market cap is roughly $90 million.

Tentative plans and hopes for the 2023 season?

Orogen are working to vend the property to a potential partner in early 2023. We will provide details to the Tahltan Central Government (TCG) as soon as possible.

RELATIONSHIP WITH THE TCG & TAHLTAN NATION

During the 2022 season, what involvement did TCG personnel and departments have with your company? If they were not involved, why not?

Orogen signed communication and engagement agreements with the TCG in mid-2022. Initially a larger program had been planned by Invenir, which would have used TCG’s services, but Invenir were unable to secure the funding required to operate the program.

In 2022, how many Tahltans did you employ? What positions did they hold in your company and what percentage of Tahltans did you employ compared to others?

The 2022 program was very limited in scope and did not employ any Tahltans.

What employment opportunities, now and in the future, are available to Tahltan members?

Orogen are attempting to vend the Ball Creek project in early 2023. We will encourage the new operators to work with Tahltan groups moving forward.

Why should Tahltan members want to work for you?

Orogen are a safety focused prospect generator. We principally focus on project generation rather than operation. We focus on early-stage work but hope that through the sale or option of Ball Creek we will find partners able to provide opportunities for Tahltan members in 2023.

Did you have any Tahltan contractors working for your company? What percentage of your contracting dollars went to Tahltan companies, including TNDC and their joint ventures?

Yes. Klee Cho Aviation were provided helicopter support for the program. Approximately 12.5% of the program budget was spent on helicopter support.

Do you have any outside contractors working for you? If so, who are they? Who were the primary contractors you utilized? Do they offer employment opportunities to Tahltan members?

Equity Exploration Consultants Ltd (200 Granville St#1238, Vancouver) supported Orogen during the 2022 field season. I believe Equity work with the Tahltan Nation.

Anything else you would like to share with the Tahltan Nation?

Orogen’s plans for vending the project to Invenir and a larger 2022 drilling program fell through due to financing difficulties. In the end, we completed only a very limited program to fulfil assessment obligations. We are working hard to vend the project to partners with the financial ability to actively explore the Ball Creek Project.