Guanajuato Silver Company Ltd. · TSXV:GSVR

Guanajuato Silver — Investor Presentation (April 2023)

27 slides from Guanajuato Silver's investor presentation, Apr 2, 2023

  1. Slide 1: Mexico's Fastest-Growing Silver Producer

    Mexico´s Fastest-Growing Silver Producer : GSVR : GSVR : GSVRF April 2, 2023

  2. Slide 2: The Case for Silver

    The Case for Silver All modern electrical devices require silver. Every electrical action in a modern automobile requires silver-coated contacts. 2

  3. Slide 3: Silver Powers the Green Energy Revolution

    Silver Powers the Green Energy Revolution “Demand for silver in solar panels will double within three years.” 3

  4. Slide 4: Solar park construction is just beginning…

    Solar park construction is just beginning… “Our research is from 30,000 feet.” 1.3 GW 1.5 GW 1.3 GW 0.8 GW 1.6 GW 4

  5. Slide 5: Mexico's Fastest-Growing Silver Company

    Mexico’s Fastest-Growing Silver Company 4 producing silver mines and growing… 5

  6. Slide 6: Production: Quarter over quarter increases

    Production: Quarter over quarter increases 2023 production increases anticipated to continue. 6

  7. Slide 7: Costs: Consistently Refining Efficiencies

    Costs: Consistently Refining Efficiencies Continued focus on cost reduction in 2023. 7

  8. Slide 8: Guanajuato

    Guanajuato Mexico’s premiere mining community. 8

  9. Slide 9: Consolidating the Guanajuato Mining District

    Consolidating the Guanajuato Mining District 450-year mining history. Bolañitos (Endeavour) Cebada (Endeavour) Valenciana Peregrina (Fresnillo) San Ignacio Guanajuato El Cubo city Sirena (Fresnillo) Las Torres (Fresnillo) El Pinguico 9

  10. Slide 10: Consolidating the Guanajuato Mining District

    Consolidating the Guanajuato Mining District 450-year mining history. Bolañitos (Endeavour) Cebada (Endeavour) San Ignacio Valenciana Peregrina (Fresnillo) Sirena (Fresnillo) El Cubo Las Torres (Fresnillo) El Pinguico GSilver Claims 10

  11. Slide 11: The El Cubo Mines Complex

    The El Cubo Mines Complex The centerpiece of our hub & spoke mining strategy. 45,000 tonnes/month capacity Tonnes (t) Ag (g/t) Au (g/t) AgEq (g/t) AgEq (oz) M&I 508K 194 2.44 389 6.31M Inferred 1.4M 214 2.78 435 20.3M Source: Behre Dolbear & Company (USA Inc.) PEA Jan 29, 2021 – All resources are hi

  12. Slide 12: El Cubo Mill

    El Cubo Mill Clean. Dry. Organized. 12

  13. Slide 13: El Cubo 3-D View of Principal Veins

    El Cubo 3-D View of Principal Veins High grade epithermal mineralization from multiple veins. Mina Santa Cecilia Mina Villalpando 13

  14. Slide 14: Valenciana Mines Complex

    Valenciana Mines Complex Currently mining from Los Pozos area. CATA 4.2KM Valenciana Tonnes (t) Ag (g/t) Au (g/t) AgEq (g/t) AgEq (oz) M&I 251,666 250 1.76 400 3.2M Inferred 220,760 225 1.95 391 2.7M Source: Apex Geoscience Technical Report on the Valenciana Mine Complex, Guanajuato, Mexico April 30

  15. Slide 15: Valenciana Mines Complex

    Valenciana Mines Complex Cata Mill – 36,000 tonnes/month capacity. 15

  16. Slide 16: San Ignacio

    San Ignacio Mineralized material processed at the nearby Cata mill (VMC). San Ignacio Tonnes (t) Ag (g/t) Au (g/t) AgEq (g/t) AgEq (oz) M&I 267,828 145 2.8 384 3.3M Inferred 445,217 178 2.65 404 5.7M 16

  17. Slide 17: Four Mines and Three Production Facilities

    Four Mines and Three Production Facilities Topia - expanding beyond Guanajuato. 17

  18. Slide 18: Topia Mine

    Topia Mine Silver-rich polymetallic high-grade mine. • 7,500 tonnes/month capacity flotation mill • M&I resource grade of over 1,000 g/t AgEq Tonnes (t) Ag (g/t) Au (g/t) Pb (%) Zn (%) AgEq (g/t) AgEq (oz) M&I 331,800 609 1.84 4.4 4.5 1,041 11.1M Inferred 274,600 592 1.44 3.35 3.63 932 8.2M Source:

  19. Slide 19: Topia Plant

    Topia Plant 18-month expansion plan to 12,000 tonnes/month. 19

  20. Slide 20: 2023 Objectives

    2023 Objectives Planned ramp-up and mill expansion. o El Cubo mill ramping up to 32,000 tonnes/month o Cata mill ramping up to 20,000 tonnes/month o Topia mill expanding from 7500 to 12,000 tonnes/month o Expansion of tailings capacity at El Cubo to 15 years o $5.2 million exploration budget 2 0

  21. Slide 21: Four Mines & Three Production Facilities

    Four Mines & Three Production Facilities 21

  22. Slide 22: Global Resource

    Global Resource Mineral Resources. Measured & Indicated Tonnes Ag Au Pb/Zn AgEq AgEq (t) (g/t) (g/t) (%) (g/t) (oz) El Cubo 508,000 194 2.44 389 6,310,000 Pinguico (Stockpile) 210,000 79 0.60 127 860,000 Valenciana 251,666 250 1.76 400 3,235,029 San Ignacio 267,828 145 2.80 384 3,302,726 Topia 331,8

  23. Slide 23: Shares Issued & Outstanding

    Shares Issued & Outstanding 2-Year Share Performance. Common Shares 322.7 M Financing Warrants 98.5 M Options Outstanding 19.8 M Fully Diluted 434.8 M Current Market Cap C$170 M El Cubo Topia, VMC and San Ignacio Acquisition Acquisition 23

  24. Slide 24: Current Major Shareholders

    Current Major Shareholders All numbers approximate. Endeavour Silver Corp. 8.8% US-Based Institutional Fund 7.4% Myrmikan Capital LLC. 7.3% (Director Daniel Oliver) GSilver Directors & Advisors 3.9% SILJ 2.6% (ETFMG Prime Junior Silver Miners ETF ) VBS Exchange Pty Ltd. 2.3% Eric Sprott 2.1% EMA Gar

  25. Slide 25: Management Team

    Management Team Technical Excellence. JAMES ANDERSON LISA DEA CHAIRMAN AND CEO CFO Capital Markets Specialist Chartered Professional Accountant 20+ years experience in the 20+ years of capital market finance, securities and accounting experience as a retail broker fields. She has been instrumental i

  26. Slide 26: Disclaimer

    DISCLAIMER Forward-looking information This document contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the Company’s ability to restart mining operations at San Ignacio and VMC, successfully integrate miner

  27. Slide 27: Contact

    Contact JJ Jennex Director of Communications (604) 723 1433 jjj@gsilver.com Suite 578 – 999 Canada Place, Vancouver, British Columbia, V6C 3E1 : GSVR : GSVR : GSVRF

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