World-Class High-Grade Discovery in an Overlooked Strategic Jurisdiction

Against this backdrop, Volcanic offers investors exposure to a high-grade gold and silver opportuntiy in eastern Guatemala.

Its flagship Holly Project boasts an inferred resource of 1.3 Mt @ 6.5 g/t for 270 koz gold & 260 g/t for 11 Moz silver, with drill intercepts such as 4.58 m at 79.84 g/t Au and 5,053 g/t Ag, confirming the project's exceptional grade and expansion potential. The company recently secured a C$1.5 million non-brokered financing to resume drilling at Holly, and its team—led by legendary explorer Simon Ridgway—has over three decades of experience discovering over 5 million ounces of gold across Latin America. Backed by a tight capital structure (just 57.86M shares fully diluted), significant insider ownership, and a credible ESG program focused on community engagement and sustainability, Volcanic presents a rare combination of near-term discovery catalysts, world-class technical pedigree, and exposure to one of the strongest gold macro setups in over a decade.

Project Overview

HOLLY PROJECT

• Type: Low sulphidation epithermal system
• Resource: 1.3 Mt @ 6.5 g/t for 270 koz gold & 260 g/t for 11 Moz silver
• Geological Context: On the edge of the Ipala Graben— a structure that also hosts Bluestone’s Cerro Blanco (~1.5Moz Au).
• Key Drill Results: 50.6 g/t Au + 1,877 g/t Ag & 11.0 g/t Au + 379 g/t Ag‍‍
• ‍Next Steps: resource expansion drilling planned.

Management & Advisory

Strong Management & ESG Credentials

• Simon Ridgway (CEO): Co‑founder, Fortuna Silver; responsible for +5 Moz discoveries
• Luc English (VP Exploration): Led La India gold mine discovery, Nicaragua (2.3 Moz)
• Alex Vaides (Chief Geologist): Multiple Latin American finds (San Jose, Amalia, Alacran)
• Bruce Smith (Advisor): Led Chinchillas silver mine discovery (100 Moz)
• ESG Practices: Community employment, gender parity, water sanitation, GHG reduction certification (ISO 45001)

Combined, this team brings over 100 years of geological success and has a track record of creating billion-dollar mining companies.

Jurisdictional Considerations

While Guatemala’s regulatory environment poses risks following political changes, the Company is proactively assessing additional assets outside the country, while continuing engagement with local communities and government stakeholders.

Risks & Mitigation

• Geopolitical/Jurisdiction: Guatemala policy risks balanced by contingency for diversification.
• Market Volatility: Gold price downside risks exist; offset by high-grade premium and technical robustness.
• Execution: Success hinges on continued drill results and financing—May 2025 funding addresses near-term needs.

Recent News

• May 8, 2025 - Volcanic Gold announces non-brokered financing of $1.5 million to fund restart of drilling at Holly Property, Guatemala
• Apr 9, 2025 - Interview Replay: Simon Ridgway on Volcanic Gold’s High-Grade Holly Project
• Mar 3, 2025 - Volcanic Gold prepares to restart exploration at Holly Property with a focus on increasing the high-grade resource

With the restart of exploration, here's why insiders are so keen on exploring this region. Read below.

Market Drivers Boosting Precious Metals

1. Central Bank Gold Accumulation
   Global central banks are on track to buy nearly 1,000 t of gold in 2025, continuing a multi‑year trend aimed at diversifying away from USD assets. Bloomberg reports central banks are buying at a pace of about 80 t/month (~US $8.5 bn) . Metals Focus forecasts average prices at US $3,210 per ounce this year.
2. Tariff‑Driven Safe‑Haven Demand
   Recent US tariffs have sparked a rally in gold, pushing spot prices to record highs around US $3,500 in April. Despite retracement, gold remains a preferred hedge amid geopolitical friction.
3. Market Forecasts & Technicals
   Goldman Sachs has revised its 2025 target to US $3,700, citing strong central bank demand‍. While some analysts warn of a potential 38% correction , others note bullish long-term technicals and de‑dollarisation tailwinds.

Gold is booming, here's why insiders are sharingVolcanic Gold's story:

Volcanic's Operational & Project Update

• Drilling Restart at Holly
  On May 8, 2025, Volcanic announced a non‑brokered placement of C$1.5 M to resume drilling at Holly (12.5 M units @C$0.12 with warrants at C$0.16) to restart drilling.
• Project Success & Expansion
  Former drilling returned spectacular intercepts including 4.58 m @ 79.84 g/t Au, 5,053 g/t Ag within the La Peña vein.

Recap of Core Projects

Holly Project

• Inferred Resource: 410 koz @ 9.6 g/t AuEq
• High-Grade Drilling: Up to 50.6 g/t Au + 1,877 g/t Ag; open in all directions
• Strategic Location: Jocotán fault zone, near Cerro Blanco (~1.5 Moz Au)
• Milestones: Aggressive drilling funded; exploitation permit in progress

Along with Strong Projects, Volcanic Gold has Strong Management & ESG Credentials

• Simon Ridgway (CEO): Co‑founder, Fortuna Silver; responsible for +5 Moz discoveries
• Luc English (VP Exploration): Led La India gold mine discovery, Nicaragua (2.3 Moz)
• Alex Vaides (Chief Geologist): Multiple Latin American finds (San Jose, Amalia, Alacran)
• Bruce Smith (Advisor): Led Chinchillas silver mine discovery (100 Moz)
• ESG Practices: Community employment, gender parity, water sanitation, GHG reduction certification (ISO 45001)

Overall Investment Thesis

Volcanic Gold Mines offers a high-grade, low-capex gold opportunity in an under-explored yet richly mineralized region. With:

• Unique and highly overlooked jurisdiction with large gold and silver belts
• A proven exploration team
• A robust high-grade resource
• Drilling catalysts in 2025
• A tight share structure
• A strategy for growth through acquisitions and responsible exploration

Volcanic is strategically positioned to become a dominant player in the Central American gold-silver corridor.