Silver Mountain Resources, Inc. Class A · TSX:AGMR
Silver Mountain Resources, Inc. Class A — Investor Presentation (October 2026)
23 slides from Silver Mountain Resources, Inc. Class A's investor presentation, October 2026
Slide 1: Silver Mountain Resources Corporate Presentation October 2026
SILVER MOUNTAIN RESOURCES C O R P O R AT E P R E S E N TAT I O N / O C TO B E R 2 0 2 6 TSX: AGMR | OTCQB: AGMRF | BVL: AGMR TSX: AGMR | OTCQB: AGMRF | BVL: AGMR CORPORATE PRESENTATION | 1
Slide 2: Disclaimer
DISCL A IMER IMPORTANT – YOU MUST READ THE FOLLOWING BEFORE CONTINUING Technical Report in its entirety, including all assumptions, parameters, qualifications, limitations and methods factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. The informa
Slide 3: Silver Mining In Central Peru
Silver Mining In Centra l Per u The Castrovirreyna Project is strategically located in the Huancavelica Region of Central Peru. Yanacocha • 3 major mineral concession blocks hosting Ag-rich, Antamina Atacocha polymetallic veins and Au-rich breccias. • AgMR has commenced production at the Reliquias T
Slide 4: Investment Overview
In ve s tme n t O ve r v ie w High-Value Polymetalic Resource1 Key Asset Advantage2 Imminent Production Category Tonnes (kt) Updated NSR US$4 Measured 228 449 Indicated 1,083 380 Inferred 1,758 369 Total 3,069 379 Caudalosa Historical Resource Growth Potential Optionality3 Category Tonnes (kt) Updat
Slide 5: Reliquias Project - Overview
Reliq uia s P ro ject 1 - O ver view Priority Targets Reliquias Mine: A polymetallic project with silver mineralization. Positioned strategically in a resource-rich area. Lithocap Stage: Production Initiated Cu Porphyry Caudalosa Mine: Previously operated mine with historic resources. Stage: Advance
Slide 6: Our History
O ur H isto r y TSX: AGMR | OTCQB: AGMRF | BVL: AGMR CORPORATE PRESENTATION | 6
Slide 7: Reliquias - Infrastructure
Reliq uia s 1 - Inf ra str ucture Underground Mine well-equipped and with key permits in place, strategically supported for success. These components are intended to ensure safety, efficiency, and productivity. Comprehensive infrastructure includes: A reliable power supply line GENERAL Efficient
Slide 8: Existing Resources with Growth Potential
Existing Reso urces 1 with G ro wth Po tentia l 3 2 The Reliquias Project offers potential for significant resource expansion through future drilling, possibility of extending known vein systems along strike and at depth. Numerous outcropping veins within the large 60,000-hectare land package remain
Slide 9: Staged Approach For Organic Growth
Sta g ed A pproa c h Fo r O rg a nic G ro wth 1 Production at Reliquias Mine expected to fund startup of Caudolasa Mine and exploration of Colquicuntur targets Imminent Production Advanced Exploration Production Upside Exploration Projects Reliquias Mine Caudalosa Mine Colquicuntur Target Dorita, El
Slide 10: First Production Achieved in Q3 2026
Fir st P ro d ucti o n A c h i eved i n Q 3 2 0 2 6 1 2026 Tailings Storage Facility Upgrade Completed The upgrade and recommissioning of the tailing storage facility have been successfully completed, supporting safe and sustainable resource management. Mining Operations Commenced at Reliquias Minin
Slide 11: Track Record Of Delivering On Timelines
Track Record Of Delivering On Timelines 1 2026 RELIQUIAS PROJECT TASKS Q4 Q1 Q2 Q3 Start of Mining Development Start of Major Plant Maintenance Tailing Dam Rehabilitation Mined Ore Stockpile Plant Commissioning Start of Mine & Plant Production Resource Update first 3 years of operations PEA Update 1
Slide 12: Silver-Dominated Polymetallic Orebodies
Silver-Do mina ted Po ly meta llic O rebo d ies M I N E R A L VA L U E D I S T R I B U T I O N 1 2 3 RELIQUIAS CAUDALOSA Copper Lead 3.0% Zinc 4.1% Lead 4.8% 7.8% Copper Lead 7.7% 10.6% Gold 9.1% Zinc 9.9% Zinc Silver Silver Silver 14.4% 65.8% Copper 62.8% 83.3% 16.6% 1. Silver equivalent values and
Slide 13: Silver & Polymetallic Production Profile - LOM
Silver & Po ly meta llic P ro d uctio n P rof ile - LO M 1 RELIQUIAS MINE 2 2 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 1. Refer to the full text of the Reliquias Technical Report for the assumptions, qualifications and limitations relating to the Reliquias Project 2. The 1st year of production compri
Slide 14: Mine Plan & Treatment
M i n e P l a n & Tre a t m e n t Plan View by Zones ZONE 6 PER ZONE 5 MTS - W ZONE 7 ZONE 1 AYA - W MTS - E ZONE 8 ZONE 2 VUL SOR ZONE 3 PAS SCS - W1 BEA AYA - E ZONE 4 SCS - W2 MTC- W1 MTC - E PZR ZONE 9 MTC - W2 ZONE 12 SCS - C Production starts in ZONE 13 ZONE 11 SCS: Sacasipuedes vein zones 1,
Slide 15: Significant Exploration Upside
Sig ni f ica nt Explo ra tio n U psid e 1 Lithocap Cu Porphyry Reliquias Underground • Potential mineral resources distributed over 10 veins. • Excellent mineral upside and life-of-mine potential. Caudalosa - Poetas Corridor • About 3.5 strike-length mineralized corridor with at least six veins with
Slide 16: Regional Comparison of Silver Mining Districts
Reg io na l Co mpa r iso n of Silver Mining Distr icts TSX: AGMR | OTCQB: AGMRF | BVL: AGMR CORPORATE PRESENTATION | 16
Slide 17: Reliquias & Caudalosa Exploration Program
Reliq uia s & Ca ud a lo sa Explo ra tio n P ro g ra m 1 Reliquias DDH Project – Ayayay vein Nv 480 Caudalosa DDH Project: UG and O/P Potential Drilling Program 2026 DDH Projects - 2026 The 2026 drilling program focuses on mineral resource replacement, growth, and The 2026 drilling program focuses o
Slide 18: Colquicuntur
Co lq uicuntur TA R G E T H I G H L I G H T S Potential for copper Greenfields Opportunities Beyond The Reliquias Mine porphyry targets at depth. Reliquias Block consists of over 20,000 hectares 1 of highly prospective mineral concessions surrounding Several breccia events identified to date. the Re
Slide 19: EV / Annual Production 2027
Va l ua tio n Per O unce P ro d uced Significant Re-Rate Potential at Production Start-up ENTERPRISE VALUE (CAD) / ANNUAL AGEQ PRODUCTION (ESTIMATED 2027) $1,000 $895 $818 EV / Annual Production 2027 $800 $600 $573 Average $397 ~3x to reach average $392 $386 $400 $326 $268 $213 $200 $177 $167 $147 $
Slide 20: Valuation Per Ounce
Va l ua tio n Per O unce Significant Re-Rate Potential at Production Start-up ENTERPRISE VALUE (CAD) / M&I SILVER-EQUIVALENT OUNCES $19.9 $20.0 $16.5 $13.5 $11.3 $11.2 $10.0 $8.9 $8.1 $6.6 $5.7 $4.9 $4.8 $3.8 $2.4 – FIRST MAJESTIC SILVERCREST EXCELLON MAG SILVER SUNSHINE GATOS ABRA USA VIZSLA BLACKR
Slide 21: Capital Structure and Shareholder Base
Ca pi ta l Str ucture a nd Sh a reh o ld er Ba se 6 2.1% As of S e p t e m b e r 30, 2026 2.2% 2.3% Shares Outstanding 64.8M 1 2.8% Stocks Options 0.9M 2.8% Warrants 2 20.3M 3.2% RSUs 3 0.4M 3.8% Eric Sprott 4.6% Market Capitalization4 C$ 226M Other Cash Position5 C$ 25.5 M Other 59.3% 5.8% 54.7% 11
Slide 22: Directors & Management
Di recto r s & Ma na g ement Directors Jose Vizquerra, Chairman Former President & CEO at O3 Mining. Former Exc. VP of Strategic Development for Osisko Gerardo Fernandez, Independent Director Mining Former Head of BD for Cia. de Minas Buenaventura. Former Production and Broad experience in several l
Slide 23: Silver Mountain Resources
S I LV E R M O U N TA I N R E S O U R C E S W W W. A G M R . C A
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