Phenom Resources : CorporatePresentationJune 2024

www.phenomresources.com

1. Growing Nevada-focused Tier 1 Gold and Green Energy Explorer and Technology Company With Accomplished Team

Corporate Presentation

June 2024

(TSXV:PHNM) (OTCQX®: PHNMF) (FSE: 1PY)

Forward-Looking Statements

• Some of the statements contained in this presentation may be deemed "forward‐looking statements." These include estimates and statements that describe the Company's future plans, objectives or goals, and expectations of a stated condition or occurrence.
• Forward‐looking statements may be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward‐looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.
• Actual results relating to, among other things, results of exploration, reclamation, capital costs, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as but not limited to; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for the minerals the Company expects to produce; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company's activities; and changing foreign exchange rates and other matters discussed in this presentation.
• Persons should not place undue reliance on the Company's forward‐looking statements. Further information regarding these and other factors, which may cause results to differ materially from those projected in forward‐ looking statements, are included in the filings by the Company with securities regulatory authorities. The Company does not assume any obligation to update or revise any forward looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws, whether as a result of new information, future events or otherwise.
• The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this presentation, that has been prepared by management.
• Paul Cowley, P.Geo. President and CEO is the qualified person responsible for reviewing the technical information in this presentation.

TSXV:PHNM/ OTCQX®: PHNMF / FSE: 1PY

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Who We Are - Why Phenom is Unique

V 23 Vanadium

Au79

Gold

• 104.8 Million Shares; Listed on TSX-V and OTCQX exchanges; HQ in Vancouver, local office in Elko, NV
• Roughly 40% American, 55% Canadian Shareholders; (Rob McEwen 5%, Eric Muschinski 9.8%)
• Nevada focused - 7 years, $16MM spent on flagship project - Tier 1 mining jurisdiction
• Driven, highly experienced Canadian and American professional men and women focused on advancing the Company's Carlin Vanadium Project for its vanadium resource and gold potential; developed 3 patents for vanadium-nickelextraction
• Project 100% owned, within Carlin Gold Trend - known for extraordinary gold production and potential; Unique Two stacked systems - Vanadium resource at surface, large-scaleCarlin-type gold system at depth
• PEA completed on North America's largest, highest grade primary Vanadium resource; Off-take Agreement with an 5% equity interest in Japanese solid-state vanadium battery manufacturer
• King Solomon & Dobbin gold Prospects (Carlin-type) and Crescent Valley gold Prospect (Bonanza-type)
• Near-termGoal: make a Carlin-stylehigh-grade gold discovery by renowned proven mine finder Dave Mathewson, and advance Vanadium resource to PFS
• Mid term Goal: become leading USA supplier of vanadium to emerging USA large energy storage market3

Capital Structure & Share Price Performance

Capital Structure

Share Price (at June 21, 2024)	C$0.54
Shares Outstanding - Basic (M)	104.8M
Options Outstanding (M)*	5.7M
Warrants Outstanding (M)*	18.9M
Shares Outstanding - Fully Diluted (M)	129.4M
Market Capitalization - Basic	C$56.6M
Cash & Cash Equivalents	C$1.4M
Enterprise Value - Basic	C$55.2M

*5,665,000 options outstanding with a weighted average exercise price of C$0.38 and a weighted average life of 4 years

*18,972,503 warrants outstanding

Source: Stockwatch as of June 21, 2024

TSXV: PHNM / OTCQX®: PHNMF / FSE: 1PY

Experienced Management & Board

Tier 1 Project Guided by a Competent Respected Senior Team

Paul Cowley (P.Geo.)	Michael Mracek (P.Eng.)	Dave Mathewson	John Anderson (B.A.)
President & CEO, Director	Director & Mining Advisor	Director & Geological Advisor	Director

David Dreisinger (PhD)	Jacques McMullen (P.Eng.)	Doug Dreisinger (P.Eng.)
Metallurgical Advisor	Metallurgical Advisor	Business Development

TSXV: PHNM / OTCQX®: PHNMF / FSE: 1PY		5

Management Team with a Successful Track Record

Remarkable

Talent and

Track Records

in

Exploration

• Two geologists have collectively found 10 gold deposits (>14Moz) in their careers and driven to make next discovery
• Dave Mathewson is an authority on Carlin Gold Trend, vigorously exploring for over 15 years with Newmont and Gold Standard Ventures (GSV)
• • Found >5M oz Au within 10 km of our property
  • Neighboring GSV (5 km away) reached a market cap of $1 Billion from gold deposits he found and acquired for GSV

TSXV: PHNM / OTCQX®: PHNMF / FSE: 1PY

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Topical - Optional & Diversified

Two Commodity Opportunities for Success

Significant PEA level vanadium resource forms backbone of asset base - positioned for massive stationary battery market - green energy appeal

Legitimate opportunity to discover a Carlin-style high- grade deposit at Carlin and at Dobbin, Bonanza-type at Crescent Valley, exceptional exploration upside potential

With anticipated positive Au and V markets for 2024, Company proposing to spin out the gold asset to PHNM shareholders and returning to pure vanadium player

(TSXV: PHNM) (OTCQB: PHNMF) (FSE: 1PY)

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Importance/Future of Vanadium in Energy Sector

V 23 Vanadium

STATIONARY BATTERY MARKET - vanadium best suited

• Multi $Billion Stationary battery market is predicted to grow between
  10 and 30X by the end of this decade
• Will be double the size of EV market in 10 years, needing twice the current global production of vanadium
• The US wants to be a leader in this development - feedstock to battery
• US Federal gov't is investing billions to secure its own battery supply chains
• STRATEGIC mineral for USA Homeland Security - Main producers are China, Russia and South Africa

VRFB Projects Working Around the World

400 MWh VRFB from Pu Neng in Hubei

G&W Electric microgrid solution - Illinois, US. - 8MWh

Dalian flow battery Station 800MWh - increased grid stability and backup power

8 MWh VRFB to support a 6 MW solar array Hawker, South Australia

TSXV:VRFB storingFVANSolar/ OTCQX®:Collection -FVANFChina (Zhejiang/ FSE: Province1PY		9
		VRFB system - Hokkaido Electric Power Co's power substation in Hokkaido, Japan 60 MWh

Importance/Future of Vanadium in Energy Sector

STATIONARY BATTERY MARKET - vanadium best suited

▪ We are about to witness a major shift this decade for vanadium into utility scale battery storage market

- China clearly leading with major developments and orders

▪ This 2021 forecast is conservation

China is declaring they want 180 GWh of batteries install by 2030 (3X this forecast);

India wants 100 GWh by 2030

The US will try to compete with China using US Federal $ incentives driving adoption faster still