Guanajuato Silver Company Ltd. · TSXV:GSVR

Guanajuato Silver — Investor Presentation (August 2023)

25 slides from Guanajuato Silver's investor presentation, Aug 18, 2023

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

    Mexico´s Fastest-Growing Silver Producer : GSVR : GSVR : GSVRF August 18, 2023

  2. Slide 2: The Industrial Case for Silver

    The Industrial Case for Silver Photovoltaics expected to consume 25% of mined silver by 2025. 2

  3. Slide 3: Mexico's Fastest-Growing Silver Company

    Mexico’s Fastest-Growing Silver Company 4 producing silver mines and growing… 3

  4. Slide 4: Production: Quarter over quarter increases

    Production: Quarter over quarter increases 2023 production increases anticipated to continue. 4

  5. Slide 5: Costs: Consistently Refining Efficiencies

    Costs: Consistently Refining Efficiencies Focused on improving operating margins & optimizing mine production. 5

  6. Slide 6: Guanajuato

    Guanajuato Mexico’s premiere mining community. 6

  7. Slide 7: Consolidating the Guanajuato Mining District

    Consolidating the Guanajuato Mining District 450-year mining history. 7

  8. Slide 8: El Cubo Mill

    El Cubo Mill Clean. Dry. Organized. 8

  9. Slide 9: 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 453K 200 2.51 400 5.79M Inferred 1.3M 219 2.84 446 19.8M Source: Behre Dolbear & Company (USA Inc.) PEA June 26, 2023 9

  10. Slide 10: 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 10

  11. Slide 11: Valenciana Mines Complex

    Valenciana Mines Complex Cata Mill – 36,000 tonnes/month capacity. 11

  12. Slide 12: Valenciana Mines Complex

    Valenciana Mines Complex Currently mining from Los Pozos area. CATA 4.2KM 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, 2022 – Al

  13. Slide 13: San Ignacio

    San Ignacio High-grade silver and gold epithermal vein system 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 Source: Apex Geoscience Technical Report on the Valenciana Mine Complex, Guanajuato, Mexico April 30, 2022 – All resources a

  14. Slide 14: San Ignacio

    San Ignacio Mineralized material processed at the nearby Cata mill (VMC). Primary Access Portal 14

  15. Slide 15: 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:

  16. Slide 16: Topia Plant

    Topia Plant 18-month expansion plan to 12,000 tonnes/month. 16

  17. Slide 17: 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 7,500 to 12,000 tonnes/month o Expansion of tailings capacity at El Cubo to 15 years o $5.2 million exploration budget 17

  18. Slide 18: Four Mines & Three Production Facilities

    Four Mines & Three Production Facilities Source: Behre Dolbear & Company (USA Inc.) PEA Jan 26, 2023 Source: Apex Geoscience Technical Report on the Valenciana Mine Complex, Guanajuato, Mexico April 30, 2022 – All resources are historical Source: Apex Geoscience Technical Report on the Topia Propert

  19. Slide 19: 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 453,180 200 2.51 - 400 5,794,431 Pinguico Surface Stockpile 130,000 79 0.45 - 115 479,599 Pinguico UG Stockpile 25,600 166 1.67 - 300 245,109 Valenciana 251,666 250 1.76 - 400

  20. Slide 20: Shares Issued & Outstanding

    Shares Issued & Outstanding One-Year Share Performance. Common Shares 350 M Financing Warrants 118 M Options Outstanding 20 M Fully Diluted 490 M Current Market Cap C$108 M 20

  21. Slide 21: Current Major Shareholders

    Current Major Shareholders All numbers approximate. Fidelity Investments 9.1% Endeavour Silver Corp. 8.1% Myrmikan Capital LLC. 6.7% (Director Daniel Oliver) GSilver Directors & Advisors 3.6% VBS Exchange Pty Ltd. 2.1% Eric Sprott 1.9% SILJ 1.6% EMA Garp Fund LP. 1.6% Public Shareholders 65.3% 21

  22. Slide 22: 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

  23. Slide 23: Extensive social outreach programs

    Extensive social outreach programs Social license to operate built on commitment to improving local communities. Guanajuato Silver proudly provides: • Clean water services provided to several local communities • Established a medical clinic • Committed to a massive reforestation program • Support fo

  24. Slide 24: 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

  25. Slide 25: 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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