Slide 1: Expanding Resources in Mexico
CORPORATE PRESENTATION SEPTEMBER 2022 EXPANDING RESOURCES IN MEXICO TSXV|GRSL OTCQB|GRSLF FRA|GPE
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains “forward-looking statements” within the meaning of Canadian Such assumptions, include, but are not limited to: (i) there being no significant change to current securities laws. Where a forward-looking statement expresses or implies an expectation or g
Slide 3: District Scale Strategic Assets
DISTRICT SCALE STRATEGIC ASSETS PLOMOSAS PROJECT • 432 km2 core concessions • Developing the resource base at our San Marcial and Plomosas Mine Areas 46.3 Moz AgEq (Ind) 33.0 Moz AgEq (Inf) • Portfolio of permitted, near term development-stage assets including the Plomosas Mine and La Trinidad OTHER
Slide 4: Plomosas Project - Catalysts
PLOMOSAS PROJECT - CATALYSTS GROWING THE RESOURCE BASE IN 2 AREAS SAN MARCIAL RESOURCE EXPANSION • Drilling new targets adjacent to current resources • Ag anomalies identified along 5 km key geological contact adjoining resource area PLOMOSAS MINE AREA INFILL DRILLING • Targeting Ag grade increase •
Slide 5: San Marcial Area
SAN MARCIAL AREA EXPLORATION MODEL SUCCESS EXTENSIVE EPITHERMAL SYSTEM Underground drill program demonstrates the extension of higher-grade Ag mineralization to depth Surface exploration has provided resource growth in multiple anomalies Ag-dominant mineralization with preliminary metallurgy indicat
Slide 6: San Marcial Resource Expansion Program
SAN MARCIAL AREA SAN MARCIAL RESOURCE EXPANSION PROGRAM San Marcial mineral resource is hosted by key structures along a key lithological contact between Upper and Lower Volcanics on the western edge of the Sierra Madre Occidental 2022 exploration activities focusing on testing >5 km of the “Target
Slide 7: San Marcial Area: Exploration Model Success with Expansion to Depth
SAN MARCIAL AREA EXPLORATION MODEL SUCCESS WITH EXPANSION TO DEPTH New wide, high-grade discovery in southeast area 7 GR SILVER MINING LTD. | CORPORATE PRESENTATION | SEPTEMBER 2022
Slide 8: San Marcial 3D Geological Model
SAN MARCIAL 3D GEOLOGICAL MODEL SOUTHEAST AREA & RESOURCE EXPANSION WIDE HIGH-GRADE Ag DISCOVERIES UPSIDE POTENTIAL NEW GEOLOGICAL SETTING SILVER PREDOMINANT NEAR SURFACE MINERALIZATION 8 GR SILVER MINING LTD. | CORPORATE PRESENTATION | SEPTEMBER 2022
Slide 9: Plomosas Longitudinal Section
PLOMOSAS LONGITUDINAL SECTION IDENTIFIED NEW WIDE, HIGH-GRADE SILVER MINERALIZATION WITH UPSIDE POTENTIAL ON EXISTING LOW-GRADE RESOURCE BLOCKS* *See News Release dated April 27, 2022, and May 24, 2022 9 GR SILVER MINING LTD. | CORPORATE PRESENTATION | SEPTEMBER 2022
Slide 10: Plomosas Project: Pipeline of Drill Targets 2022
PLOMOSAS PROJECT PIPELINE OF DRILL TARGETS 2022 District scale project, enhancing value with modern exploration techniques, focused on continuous resource expansion 10 GR SILVER MINING LTD. | CORPORATE PRESENTATION | SEPTEMBER 2022
Slide 11: Capital Structure
CAPITAL STRUCTURE CAPITALIZATION* OWNERSHIP FIRST MAJESTIC Shares Issued & Outstanding 231,479,806 9.3% MANAGEMENT Warrants 47,596,895 & INSIDERS (average weighted price C$0.38) 6.4% Options 9,734,157 (average weighted price C$0.42) Fully Diluted Shares Outstanding 288,810,858 INSTITUTIONS Fully Dil
Slide 12: GR Silver Is Trading at a Significant Discount to Peers
GR SILVER IS TRADING AT A SIGNIFICANT DISCOUNT TO PEERS MARKET CAPITALIZATION VS. COMPLIANT M+IND ENTERPRISE VALUE PER IN SITU SILVER OUNCE M+IND BASIS RESOURCES FOR SELECT PEERS $4.00 160 200 $3.50 $3.45 180 140 160 $3.00 $2.98 120 140 Market Capitalization (US$M) Compliant Resources (Moz) 100 120
Slide 13: Experienced Management
EXPERIENCED MANAGEMENT ERIC ZAUNSCHERB Geologist with over 30 years experience as a mining equity analyst. Previously Managing Director, Research – CHAIRMAN & CEO Metals & Mining Analyst at Canaccord Genuity. Eric holds the Chartered Financial Analyst designation. Technical experience to evaluate ex
Slide 14: Diverse Board of Directors
DIVERSE BOARD OF DIRECTORS STRONG TRACK RECORD OF GLOBAL MINING RELATED M&A • Chairman & CEO • Geologist with over 30 years experience as a mining equity analyst. Previously served as Managing Director, Research – Metals & ERIC ZAUNSCHERB Mining Analyst at Canaccord Genuity where he coordinated the
Slide 15: GR Silver Mining
GR SILVER MINING ✓ Excels at identifying and creating quality opportunities for continuous resource growth ✓ Features our district scale Plomosas Project, hosting a diversity of large Ag-Au mineral deposit styles with excellent infrastructure and existing permits ✓ Led by an experienced management t
Slide 16: Appendix
APPENDIX
Slide 17: Plomosas NI 43-101 Resource
PLOMOSAS/SAN JUAN * TOTAL RESOURCES STATEMENT - AUGUST 23, 2021 PLOMOSAS Resource Tonnage Au Au Ag Ag Pb Pb Zn Zn AgEq AgEq NI 43-101 Category Type MT g/t Koz g/t Moz % Mlbs % Mlbs Moz g/t RESOURCE Indicated Inferred OP t 0.3 1.4 0.20 0.12 2 5 83 78 0.9 3.6 0.8 0.9 6.4 27.3 0.8 0.7 6.1 23.5 1.3 4.8
Slide 18: San Marcial NI 43-101 Resource Statement
SAN MARCIAL NI 43-101 RESOURCE STATEMENT SAN MARCIAL RESOURCE SUMMARY Cutoff Tonnage Ag AgEq Zn Pb Ag AgEq Zn Pb Class Type AgEq g/t (000s) (g/t) (g/t) (%) (%) (Moz.) (Moz.) (‘000 lbs) (‘000 lbs) Breccia (OP) 30 2,909 202 241 0.66 0.44 18.9 23 42,227 28,504 Breccia Breccia (UG) 80 55 90 124 0.64 0.2
Slide 19: Our Priorities
OUR PRIORITIES ENVIRONMENT Committed to achieving zero significant environmental incidents through responsible and safe practices SOCIAL RESPONSIBILITY We are dedicated to our community engagement activities, ensuring we benefit our neighbours GOVERNANCE We encourage a diverse and inclusive workplac
Slide 20: Contact / Investor Relations
Suite 1050 – 400 Burrard Street Vancouver, BC, Canada V6C 3A6 www.grsilvermining.com FOR INVESTOR RELATIONS: BRENDA DAYTON @GRSilverMining VP Corporate Communications GR Silver Mining bdayton@grsilvermining.com T. 604.417.7952 GR Silver Mining Ltd. TSXV|GRSL OTCQB|GRSLF FRA|GPE