Guanajuato Silver Company Ltd. · TSXV:GSVR

Guanajuato Silver — Investor Presentation (January 2022)

22 slides from Guanajuato Silver's investor presentation, Jan 24, 2022

  1. Slide 1: New Silver-Gold Producer

    New Silver-Gold GUANAJUATO, MEXICO Producer : GSVR January 24, 2022 : GSVRF

  2. Slide 2: 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.

  3. Slide 3: 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. § Projected annual average production of 1.8M AgEq ounces. § Two mines: El Cubo – in production. Pingüico – advancing to restart. § Guanajuato is one of the world

  4. Slide 4: Guanajuato Mining District

    Guanajuato Mining District 4

  5. Slide 5: El Cubo Mine

    El Cubo Mine 5

  6. Slide 6: New Mining Strategy

    Paid $200M in 2012 when silver price Mine for profitability, not for volume was $30 and heading for $15 Paid $15 M in 2021 when silver price was $22 and heading for ….? Added $30M in upgrades Added $5.5M in upgrades Operated mill at 50,000 t/month Will operate mill at 25,000 t/month Mined mechanical

  7. Slide 7: Clean. Dry. Organized.

    ry. Organized Clea n : D Ko 4 me} a : oe Ss po al A ee 4 1 .

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

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

  9. Slide 9: El Cubo 3-D View of Principle Veins

    El Cubo 3-D View of Principle Veins Looking South 9

  10. Slide 10: Villalpando Vein

    Villalpando Vein 10

  11. Slide 11: Guanajuato

    mitt Guanajuato ~

  12. Slide 12: With 7,800 hectares of mining claims, GSilver has become the dominant claim holder

    With 7,800 hectares of mining claims, GSilver has become the dominant claim holder in the Guanajuato Mining District. 12

  13. Slide 13: 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. 13

  14. Slide 14: Maiden Resource Drill Program

    Maiden Resource Drill Program SE 14

  15. Slide 15: Potential Game Changer – Veta Madre Drill Target

    Potential Game Changer – Veta Madre Drill Target 15

  16. Slide 16: 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. 1000 tonne bulk sample (2020) returned gold recoveries of 75% and silver recoveries of 60% over only three days. 16

  17. Slide 17: 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

  18. Slide 18: Shares Outstanding / 1-Year Share Performance

    Shares Outstanding / 1-Year Share Performance Issued & Outstanding 224 M Common Shares Financing Warrants 50 M Options Outstanding 13 M Fully Diluted 288 M Current Market Cap (C$0.48) C$108 M 18

  19. Slide 19: 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 19

  20. Slide 20: 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

  21. Slide 21: Operations Team Focused on Achieving Technical Excellence

    Operations Team Focused on Achieving Technical Excellence HERNAN DORADO SMITH LISA DEA CHIEF OPERATING OFFICER CHIEF FINANCIAL OFFICER Mining Engineer Chartered Professional Accountant 16 years experience operating in Canada, 20 years experience in the finance, securities and Australia, Mexico, Braz

  22. Slide 22: 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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