Guanajuato Silver Company Ltd. · TSXV:GSVR

Guanajuato Silver — Investor Presentation (November 2022)

25 slides from Guanajuato Silver's investor presentation, Nov 29, 2022

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

    Mexico´s Fastest-Growing Silver Producer 1868 Mexican 8 Reales : GSVR November 29, 2022 : GSVRF : GSVR

  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 Enables the Green Energy Revolution

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

  4. Slide 4: Mexico's Fastest-Growing Silver Company

    Mexico’s Fastest-Growing Silver Company 5 Silver Mines and growing… April 2021 August 2021 October 2021 August 2022 December 2022 December 2023 PROJECTED PROJECTED ANNUAL RUN ANNUAL RUN RATE AT RATE AT DECEMBER 2022 DECEMBER 2023 3,400,000 6,000,000 AgEq Ounces AgEq Ounces Purchased Recommenced Firs

  5. Slide 5: Production: Month over month increases

    Production: Month over month increases August and September production includes newest acquisitions. 5

  6. Slide 6: Costs: Month over month reductions

    Costs: Month over month reductions August and September production includes newest acquisitions. July and August cash cost per AgEq are preliminary numbers subject to final adjustments to be completed and disclosed along with Q3 2022 financial results. 6

  7. Slide 7: Guanajuato ¡Somos Guanajuato!

    Guanajuato Mexico’s premiere mining community. ¡Somos Guanajuato! 7

  8. Slide 8: Consolidating the Guanajuato Mining Camp

    Consolidating the Guanajuato Mining Camp 450-year mining history. 8

  9. Slide 9: The El Cubo Production Facility

    The El Cubo Production Facility 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 9

  10. Slide 10: El Cubo Mill

    El Cubo Mill Clean. Dry. Organized. 10

  11. Slide 11: El Cubo 3-D View of Principle Veins

    El Cubo 3-D View of Principle Veins High grade epithermal mineralization from multiple veins. 11

  12. Slide 12: San Ignacio

    San Ignacio Ramping up from 6,000 to 9,000 tonnes/month. 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 12

  13. Slide 13: Valenciana Mines Complex

    Valenciana Mines Complex Currently mining from Los Pozos area. 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 13

  14. Slide 14: Valenciana Mines Complex

    Valenciana Mines Complex Imminent restart of Cata Mill – 36,000 tonnes/month capacity. 14

  15. Slide 15: Five Mines and Three Production Facilities

    Five Mines and Three Production Facilities Topia - expanding beyond Guanajuato. 15

  16. Slide 16: Topia Mine

    Topia Mine Silver-rich, high-grade mine. • Ramping up to 1.4M AgEq ounces per year run rate • 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 274,6

  17. Slide 17: Topia Plant

    Topia Plant 18-month expansion plan to 12,000 tonnes/month. 17

  18. Slide 18: 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

  19. Slide 19: Shares Issued & Outstanding

    Shares Issued & Outstanding 2-Year Share Performance. Common Shares 299 M Financing Warrants 87 M Options Outstanding 19 M Fully Diluted 405 M Current Market Cap C$128 M El Cubo Topia, VMC and San Ignacio Acquisition Acquisition 19

  20. Slide 20: Current Major Shareholders

    Current Major Shareholders All numbers approximate. Endeavour Silver Corp. 9.5% Great Panther Mining Ltd. 8.8% Myrmikan Capital LLC. 7.9% (Director Daniel Oliver) GSilver Directors & Advisors 4.3% VBS Exchange Pty Ltd. 3.5% Eric Sprott 2.3% EMA Garp Fund LP. 2.0% Public Shareholders 61.6% 20

  21. Slide 21: 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

  22. Slide 22: Board of Directors

    Board of Directors 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 pit mining experience. He h

  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 : GSVRF : GSVR

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