Slide 1: Resource Expansion & Discoveries in Mexico
RESOURCE EXPANSION & DISCOVERIES IN MEXICO CORPORATE PRESENTATION | MARCH 2022 TSXV|GRSL OTCQB|GRSLF FRA|GPE
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains “forward-looking statements” within the meaning of Canadian securities laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and beli
Slide 3: Investment Opportunity: District Scale Silver-Gold Mining Assets
INVESTMENT OPPORTUNITY District Scale Silver-Gold Mining Assets DISTRICT CONTROL GEOLOGICAL SETTING DISCOVERIES VALUATION • Over 700 km2 portfolio • Extensive low to • New high-grade Ag-Au • Trading at a discount to intermediate sulphidation veins near historic mine peers • Past producer mines with
Slide 4: Positioned for Continuous Value Growth
POSITIONED FOR CONTINUOUS VALUE GROWTH Strategic Assets in a Prolific Mining District Experienced leadership team in place Growing Ag-Au resource base with high quality assets Plomosas Project • 476 km2 of core concessions • Focus on drilling for discoveries • Portfolio of early to advanced stage ex
Slide 5: Plomosas Project - Target 2022: Growing Resource Base
PLOMOSAS PROJECT - TARGET 2022 Growing Resource Base Infill Drilling • Targeting Ag grade increase • Add new Au-Ag zones into the resource model • Increase attractiveness with multiple resource areas Upside Large Resource Potential • Multiple veins adjacent to current NI 43-101 • Increase the surfac
Slide 6: Plomosas Project – Drill Targets 2021|2022
PLOMOSAS PROJECT – DRILL TARGETS 2021|2022 Multiple veins near the Plomosas Mine area District scale project, enhancing value with modern exploration techniques and focused on continuous resource expansion. 6
Slide 7: Loma Dorada - San Juan - La Colorada
LOMA DORADA - SAN JUAN - LA COLORADA Discoveries Ongoing drill program to improve understanding of the geology Drilling & Resource Expansion Infill drilling program - Opportunity to delineate a large hydrothermal system connecting all 3 targets 7
Slide 8: San Marcial: Potential Open Pit & Underground Ag Mine
SAN MARCIAL Potential Open Pit & Underground Ag Mine Underground Drilling Ongoing • Delineating a large Discoveries epithermal system, stepping out from the resource area Ag Resource Growth • Positive metallurgy NI 43-101 resource (2019) - 90% to 93% Ag recoveries • 29 Moz Ag (Ind)+10 Moz Ag (Inf)**
Slide 9: La Trinidad
LA TRINIDAD INITIAL RESULTS San Juan Area Potrerillos Target • 80% completed mapping and prospecting Plomosas Mine Area • Possible drill program for early Q1|22 Colinas Target San Marcial • Reconnaissance stage • Potential for follow-up program • Southern extension of Trinidad main gold orebody Trin
Slide 10: Investment Opportunity: Re-Rating Potential
2.00 4 30 3 INVESTMENT 1.80 5 25 OPPORTUNITY 1.60 2 1.40 1 20 RE-RATING POTENTIAL 1.20 1.00 15 • Share price remains above 2020 pandemic low 0.80 10 0.60 TSX.V • District-scale consolidation of Listing 0.40 Plomosas, San Marcial and La GRSL 5 Trinidad with accelerated 0.20 exploration - 0 -M 8 -M 9
Slide 11: Corporate Structure and Current Ownership
CORPORATE STRUCTURE CURRENT OWNERSHIP CAPITALIZATION Shares Issued & Outstanding 167,442,155 First Majestic (TSX:FR) 12.9% Warrants (average weighted price C$0.67) 12,535,875 Management & Insiders Options (average weighted price C$0.47) 9,783,534 7.5% Fully Diluted Shares Outstanding 189,761,564 Ins
Slide 12: Our Priorities: Environment, Social Responsibility, Governance
OUR PRIORITIES Environment | Social Responsibility| Governance We encourage a diverse We strive to achieve We focus on our and inclusive workplace zero significant community that focuses on environmental engagement activities, development and incidents ensuring we benefit our training within safe an
Slide 13: Why GR Silver Mining?
WHY GR SILVER MINING? OUR PEOPLE – OUR NUMBER 1 RESOURCE DRILLING FOR DISCOVERIES • Large epithermal system identified • Opportunity for continuous resource growth ATTRACTIVE VALUATION TRACK RECORD OF DELIVERY 13
Slide 14: Appendix
APPENDIX 14 MINING LTD R GR SILVER
Slide 15: Experienced Management
EXPERIENCED MANAGEMENT Experienced Management to Drive GR Silver Mining Forward ERIC ZAUNSCHERB • Geologist with 30+ years experience as a mining equity analyst CEO • Previously Managing Director, Research – Metals & Mining Analyst at Canaccord Genuity • Chartered Financial Analyst designation MARCI
Slide 16: Diverse Board of Directors
DIVERSE BOARD OF DIRECTORS Strong Track Record Of Global Mining Related M&A ERIC ZAUNSCHERB • Chairman & CEO • Previously served as Managing Director, Research – Metals & Mining Analyst at Canaccord Genuity where he coordinated the firm’s global mining equity research team and is a Canadian geologis
Slide 17: Combined NI 43-101 Resource Statement
COMBINED NI 43-101 RESOURCE STATEMENT Plomosas Project* Total Resources Statement - August 23, 2021 Resource Tonnage Au Au Ag Ag Pb Pb Zn Zn AgEq AgEq Category Type MT g/t Koz g/t Moz % Mlbs % Mlbs Moz g/t Indicated OP 0.3 0.20 2 83 0.9 0.8 6.4 0.8 6.1 1.3 114 Inferred OP 1.4 0.12 5 78 3.6 0.9 27.3
Slide 18: Investor Relations Contact
Suite 900 – 999 West Hastings Street Vancouver, BC, Canada V6C 2W2 www.grsilvermining.com FOR INVESTOR RELATIONS: BRENDA DAYTON VP Corporate Communications bdayton@grsilvermining.com T. 604.558.6248 @GRSilverMining GR Silver Mining GR Silver Mining Ltd. 7 GRSL Geologists in the Plomosas Underground