Guanajuato Silver Company Ltd. · TSXV:GSVR

Guanajuato Silver — Investor Presentation (March 2022)

21 slides from Guanajuato Silver's investor presentation, Mar 11, 2022

  1. Slide 1: New Silver-Gold Producer

    New Silver-Gold Producer GUANAJUATO, MEXICO “gwa-nah-hwah-toh” : GSVR March 11, 2022 : GSVRF

  2. Slide 2: Mexico’s Newest Precious Metals Producer

    Mexico’s Newest Precious Metals Producer  Ramp up is: On-track. On-time. On-Budget.  First precious metals concentrate sold in October 2021  Projected annual average production of 1.8M AgEq ounces.  Two mines: El Cubo – in production. Pingüico – advancing to restart.  Guanajuato is one of the w

  3. Slide 3: Guanajuato Mining District

    Guanajuato Mining District 3

  4. Slide 4: El Cubo Mine

    El Cubo Mine 4

  5. Slide 5: Clean. Dry. Organized.

    ry. Organized Clean. , D tL “ ty J ne hh a + > i. he = . E k = ie \ So at Y 1 . b é ~

  6. Slide 6: New Mining Strategy

    Mine for profitability, not for volume Paid $15 M in 2021 Added $5.5M in upgrades Operating the mill at ~ 30,000 t/month First production Q4 2021 240,000 AgEq oz produced during November and December 2021 New Mining Strategy 6

  7. Slide 7: El Cubo 3-D View of Principle Veins

    El Cubo 3-D View of Principle Veins 7

  8. Slide 8: Villalpando Vein (long-section)

    Villalpando Vein (long-section) NW SE CAS-50 4.05m @ 194g/t AgEq including 1.4m @ 469 g/t AgEq 8

  9. Slide 9: Villalpando Vein

    Villalpando Vein 9

  10. Slide 10: Somos Guanajuato

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  11. Slide 11: A silver and gold mining district since 1540

    A silver and gold mining district since 1540 11

  12. Slide 12: El Pingüico Mine - Formerly the highest-grade silver mine in Guanajuato

    El Pingüico Mine - Formerly the highest-grade silver mine in Guanajuato 12,000 tonne/month mine was owned by NYSE-listed “Pingüico Mines Company” until 1913 when operations ceased. 12

  13. Slide 13: Maiden Resource Drill Program Underway

    Maiden Resource Drill Program Underway Surface Stockpile SE 185,000 tones @ 103gpt AgEq 2022 Drill Program Area P21-10 P21-08 8.1m @ 173g/t AgEq Underground Stockpile 2.45m @ 321g/t AgEq 25,000 tones @ 301gpt AgEq including 2.05m @ 403g/t AgEq (Top 5m of stockpile only) 0.9m @ 953 g/t AgEq including

  14. Slide 14: Above-ground stockpile

    Above-ground stockpile 185,000 tonnes at 103 grams per tonne AgEq = 611,000 ounces and ensures ample material for the El Cubo mill. Easy transport – 5 miles from El Cubo. 2021 Metallurgical recoveries: 74% for gold and 72% for silver. 14

  15. Slide 15: PEA Resource Estimate – January 2021

    PEA Resource Estimate – January 2021 Calculated at: Ag Spot Price: US$19.49 Au Spot Price: US$1,527 Payback Period: 1.87 years Average AgEq production over 7 years: 1.8M oz/year IRR 105% Operating costs per AgEq oz $9.42 Indicated Resources Inferred Resources Silver Gold AgEq. AgEq. Silver Gold AgEq

  16. Slide 16: Shares Issued & Outstanding / 1-Year Share Performance

    Shares Issued & Outstanding / 1-Year Share Performance Common Shares 224 M Financing Warrants 50 M Options Outstanding 13 M Fully Diluted 288 M Current Market Cap (C$0.62) C$138 M 16

  17. Slide 17: Major Shareholders

    Major Shareholders Endeavour Silver Corp. 12.4% Myrmikan Capital LLC. 10.2% (Director Daniel Oliver) GSilver Directors & Advisors 5.6% VBS Exchange Pty Ltd. 4.6% Eric Sprott 3.1% EMA Garp Fund LP. 2.5% Public Shareholders 61.6% ALL NUMBERS APPROXIMATE 17

  18. Slide 18: Board of Directors – Experienced & Dedicated

    Board of Directors – Experienced & Dedicated JAMES ANDERSON HERNAN DORADO RICHARD SILAS CHAIRMAN & CEO COO VP CORP DEVELOPMENT 20+ years of capital market experience as a Mining Engineer with 15+ years of underground 20+ years of experience in corporate retail broker investment banker and and open p

  19. Slide 19: Technical Excellence – Management Team

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

  20. Slide 20: Disclaimer

    DISCLAIMER This management presentation (the “presentation”) is prepared as a summary overview only of the current affairs of Guanajuato Silver Company Ltd. (the “company” of “GSilver”) and was not prepared for the purpose of assisting prospective investors in making a decision to invest in GSilver.

  21. Slide 21: Contact

    Contact JJ Jennex Director of Communications (604) 723 1433 jjj@gsilver.com Suite 587 – 999 Canada Place, Vancouver, British Columbia, V6C 3E1 : GSVR : GSVRF

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