The Santa Barbara Gold-Copper Project is a porphyry-style gold-copper deposit located in the Zamora-Chinchipe Province of southeastern Ecuador, within the prolific Zamora Copper-Gold Belt. The Project comprises a 55.3 km² property covering six mining licenses (shown in the map above in the dotted blue line). Santa Barbara hosts a NI 43-101 compliant Mineral Resource consisting of an Indicated Resource of 29.8 Mt at 0.73 g/t Au and 0.10% Cu for 697,000 ounces of gold and 68 million pounds of copper, and an Inferred Resource of 205.7 Mt at 0.52 g/t Au and 0.09% Cu for 3,418,000 ounces of gold and 426 million pounds of copper (effective March 23, 2026, prepared by SRK Consulting (Canada) Inc.).

Tincorp acquired 100% of the Santa Barbara Project from Silvercorp Metals Inc. in May 2026 for staged cash payments totalling US$13.5 million (US$1.5 million paid to date), 15 million Tincorp common shares (issued at closing), and a 1.5% net smelter returns royalty, with Tincorp holding an option to buy back two-thirds of the royalty for US$10 million.

The Project sits within the world-class Zamora Copper-Gold Belt, which hosts several large-scale gold and copper deposits, including Silvercorp's Condor Project (10 km away, shown in the map above to the north of Santa Barbara in the red concessions), Lundin Gold's Fruta del Norte Mine (36 km away), CRCC/Tongguan's Mirador Mine (56 km away), and Solaris Resources' Warintza Project.

The Santa Barbara Project is located along the Ecuador-Peru border at the southern end of the Cordillera del Cóndor, in the Zamora-Chinchipe Province of southeastern Ecuador. The Project lies approximately 400 km south-southeast of Quito, 149 km southeast of the City of Loja, and 76 km east of the town of Zamora.

Access to the Project is provided by a combination of paved and gravel roads connecting to the national highway network. The City of Loja (population ~181,000) is the largest regional centre near the Project and is served by daily flights to Quito via Ciudad de Catamayo Airport, located approximately 20 km to the west. Skilled labour is available in Loja, Zamora, and other regional towns.

Santa Barbara is well-positioned to leverage established regional infrastructure, including road access, nearby power, and a skilled local workforce drawn from Ecuador's active mining sector.