Gr Silver Mining Ltd. · TSXV:GRSL
Gr Silver Mining — Investor Presentation (January 2026)
28 slides from Gr Silver Mining's investor presentation, January 2026
Slide 1: Silver Resource Growth in Mexico
SILVER RESOURCE GROWTH IN MEXICO CORPORATE PRESENTATION JANUARY 2026 TSXV | GRSL OTCQB | GRSLF DEU | GPE
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains “forward-looking statements” within the meaning of Canadian securities laws. Where For a more detailed discussion of risks and other factors that might impact future looking a forward-looking statement expresses or implies an expectation or belief as
Slide 3: A Two-Pronged Approach: Silver Resource Growth & Expansion
A TWO-PRONGED APPROACH Silver Resource Growth & Expansion GR Silver Mining Today: ● FULLY FUNDED with CAD$28.8M* to execute the Company’s Resource Growth Drilling Program GR SILVER MINING LTD. RESOURCE GROWTH ● WHOLLY-OWNED RESOURCES of 134Moz AgEq ( 85 Moz AgEq Indicated & 49 Moz AgEq Inferred )… a
Slide 4: Growth Performance: Delivering Shareholder Results & Increased Liquidity
GROWTH PERFORMANCE Delivering Shareholder Results & Increased Liquidity $GRSL YTD Chart $GRSL +129.73% January 5th, 2025 CAPITAL STRUCTURE Market Cap C$210.5M (basic) Cash* C$28.8M Warrants* 119M (avg C$0.25) Shares O/S* 488M June to November 2025: Top 10 Volume Trader on TSX.V - Average Daily Liqui
Slide 5: District Scale Upside Potential
DISTRICT SCALE UPSIDE POTENTIAL Silver Resource Growth Opportunity San Marcial Resource Area Ongoing Step-Out Drill Campaign Resource Extension N GR SILVER MINING LTD. | CORPORATE PRESENTATION | JANUARY 2026 5
Slide 6: San Marcial Area: Largely Untested Geophysical Anomaly
SAN MARCIAL AREA Silver Discovery - Largely Untested Geophysical Anomaly Plomosas Mine Area 134M oz Ag Eq (combined 43-101 MRE 2023) NW Extension A A' Parallel Primary Silver Breccia Zone SE Mineralization on Target Extension San Marcial Area Chargeability Contact 80% Untested, GR SILVER MINING LTD.
Slide 7: San Marcial Area: Edge of a New Porphyry System
SAN MARCIAL AREA Silver Discovery on the Edge of a New Porphyry System DISCOVERY SECTION Blue Sky Potential and Resource Growth ● Wide, silver-dominant hydrothermal breccias at shallow depths. ● ONGOING Step-out drilling confirming resource growth. ● Multiple Sub-parallel SILVER Mineralized zones di
Slide 8: Permitted Step-Out Drilling: De-Risking Resource Expansion
PERMITTED STEP-OUT DRILLING De-Risking Resource Expansion LONGITUDINAL SECTION SAN MARCIAL RESOURCE AREA DE-RISKING GR SILVER MINING LTD. | CORPORATE PRESENTATION | JANUARY 2026 8
Slide 9: Discovering Ounces Efficiently
DISCOVERING OUNCES EFFICIENTLY Wide Silver Mineralized Zones AgEq Oz Delineated Company Market Deposit Holes Meters Latest per meter Name Cap Name Drilled Drilled Resource Overview drilled (Indicated+inf) M+I: 222Moz Vizsla Silver C$2.48B Panuco 981 373,807 957 Inferred: 139Moz Sold Indicated: 169Mo
Slide 10: Success in Sinaloa
2023: Drilling, 184 DH for 58,896m 2025: Torex Gold Resources 2021: Began Drilling Updated MRE (May), M+I: 35Moz @ 40.4g/t Ag buys Prime for CAD$440M LOS 156 DH for 35,100m Inferred: 18Moz @ 31.5g/t Ag all-share deal* REYES Present Total: 688 DH 2020: Acquired Property, Compiled 2022: Drilling 2024:
Slide 11: Fully Permitted Plomosas Mine: Bulk Sample Test Mining
FULLY PERMITTED PLOMOSAS MINE Bulk Sample Test Mining Ongoing Studies Targeting On-Site Pilot Plant • Ongoing engineering review targeting commencement of a BSTM program early in 2026 • Metallurgical studies in progress • 21 underground areas accessible for BSTM • Targeting HIGHER-GRADE Ag Zones • T
Slide 12: Value Creation Road Map
VALUE CREATION ROAD MAP Resource Growth & Project Development Delivered H1- H2 2026 Delivered Sept – Dec 2025 Permitted Plomosas San Marcial Major Catalysts H2 2026 Underground Mine: H1 2026 Resource Update and PEA Bulk Sample Test Mining 15,000m of Step-out July 2025 San Marcial Area - Engineering
Slide 13: Team Track Record
TEAM TRACK RECORD Discovery, Project Development and Global Mining M&A MARCIO FONSECA BOARD OF DIRECTORS PRESIDENT & CEO MINES ERIC ZAUNSCHERB EXECUTIVE CHAIR ERIC ZAUNSCHERB EXECUTIVE CHAIR MARCIO FONSECA PRESIDENT & CEO ROBERT PAYMENT CHIEF FINANCIAL OFFICER BRENT MCFARLANE DIRECTOR MINES DANIEL S
Slide 14: Capital Structure
CAPITAL STRUCTURE Basic Market Capitalization @ $0.42 C$210.5M $GRSL.V YTD Chart (January 5th, 2026) Average Daily Liquidity (Shares) 6.5M Warrants 119M* (average weighted price C$0.25) Options 10M $0.20 (average weighted price C$0.26) PSUs + DSUs 6.5M Shares Issued + Outstanding 489M* Ownership 23%
Slide 15: Growth Plan: Valuation Rerating Opportunity
GROWTH PLAN Valuation Rerating Opportunity GR SILVER MINING LTD. RESOURCE GROWTH FULLY FUNDED TO GROW RESOURCES GR SILVER MINING LTD. | CORPORATE PRESENTATION | JANUARY 2026 15
Slide 16: Investment Highlights
INVESTMENT HIGHLIGHTS Expanding Wide Targets - Targeting development of silver-primary deposits on the SW edge of the Sierra Madre Occidental Mexico Well Positioned for Growth - Permitted Past-Producer Plomosas Mine - Land Agreements in place for Plomosas - 100% Land Ownership in place at Plomosas M
Slide 17: Contact Us
EXPLORE OUR PROJECTS ON CONTACT US Investor Relations: Phone +1 236 270 2057 info@grsilvermining.com 409 Granville Street, 15th Floor Vancouver, BC, V6C 1T2 TSXV | GRSL OTCQB | GRSLF DEU | GPE GRSilverMining GR Silver Mining GR Silver Mining Ltd.
Slide 18: Appendix
APPENDIX
Slide 19: Resource Growth Potential: San Marcial Discoveries
RESOURCE GROWTH POTENTIAL Discoveries: San Marcial • Two distinct mineralized zones, spatially associated and controlled by a NE-SW structural trend that intersects major NW- SE regional structures • Geological modelling suggests that the Resource Area represents the upper portion of a much larger e
Slide 20: Resource Growth Potential: San Marcial Discoveries
RESOURCE GROWTH POTENTIAL Discoveries: San Marcial • Well-developed quartz-calcite stockwork epithermal-style zone, confirming the potential of the NE structural trend to host high-grade gold-bearing mineralization in the footwall beneath the Resource Area • The anomalous Cu and W grades establish a
Slide 21: Resource Growth Potential: San Marcial Discoveries
RESOURCE GROWTH POTENTIAL Discoveries: San Marcial • SMS25-09 intersected 75 m @ 293 g/t AgEq, including multiple intervals exceeding 1,000 g/t AgEq. • The hole tested 3D geophysical anomalies and successfully confirmed continuity of the main high-grade mineralized structures at least 100 m beyond t
Slide 22: Plomosas Project NI 43-101 Resource Statement
PLOMOSAS PROJECT NI 43-101 Resource Statement GR SILVER MINING LTD. | CORPORATE PRESENTATION | JANUARY 2026 22
Slide 23: Resource Growth Opportunity
Delineation of High-grade Zones in RESOURCE GROWTH OPPORTUNITY Bulk Mineable Style Silver Deposits SAN MARCIAL MODEL NI 43-101 PLOMOSAS MODEL NI 43-101 Ag ANOMALY – SURFACE 20 ROCK SAMPLING Source: Arseneau and Crowie (2023). Assumptions for Resource Reporting the San Marcial, Plomosas Mine, and San
Slide 24: Plomosas Mine Historical Production (1986-2000)
PLOMOSAS MINE HISTORICAL PRODUCTION (1986-2000) As published in National Instrument (NI) 43-101 2023 Technical Report and Mineral Resource Update for the Plomosas Project, Gilles Arseneau, P.Geo., May 3, 2023 GR SILVER MINING LTD. | CORPORATE PRESENTATION | JANUARY 2026 24
Slide 25: Historical Plomosas Mine: An Opportunity
HISTORICAL PLOMOSAS MINE An Opportunity INITIATIVE TO CAPTURE VALUE • Existing infrastructure and fully owned land. • Mining licences, permits, agreements in place to operate mine and future plant. • Conservative resource estimation approach under review with updated geological modelling. • Discover
Slide 26: Successful BSTM Program at the Historical San Juan Mine
SUCCESSFUL BSTM PROGRAM At the Historical San Juan Mine INITIATIVE TO CAPTURE VALUE • In March 2024, the Company announced a Bulk Sampling Test Mining (“BSTM”) program. • From January to September 2024, 20,620 t of material were sampled and 20,430 t processed in a third-party owned mill nearby. Ag A
Slide 27: Team Track Record
TEAM TRACK RECORD Discovery, Project Development and Global Mining M&A Technical experience to evaluate exploration and operational assets from exploration stage to MARCIO FONSECA mining operations. Senior roles include Echo Bay Mines, SilverCrest Mines, Phelps Dodge, and PRESIDENT & CEO Vale in Lat
Slide 28: Board of Directors
BOARD OF DIRECTORS Strong History of Discovery, Development and Global M&A ERIC ZAUNSCHERB Previously served as Managing Director, Research – Metals & Mining Analyst at Canaccord Genuity where he Executive Chairman coordinated the firm’s global mining equity research team and is a Canadian geologist
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