Guanajuato Silver Company Ltd. · TSXV:GSVR

Guanajuato Silver — Investor Presentation (February 2023)

25 slides from Guanajuato Silver's investor presentation, Feb 1, 2023

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

    Mexico´s Fastest-Growing Silver Producer : GSVR 1868 Mexican 8 Reales : GSVR : GSVRF February 1, 2023

  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 Powers the Green Energy Revolution

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

  4. Slide 4: Solar park construction is just beginning…

    Solar park construction is just beginning… “Our research is from 30,000 feet.” 1.3 GW 1.5 GW 1.3 GW 0.8 GW 1.6 GW 4

  5. Slide 5: Mexico's Fastest-Growing Silver Company

    Mexico’s Fastest-Growing Silver Company 4 producing silver mines and growing… 5

  6. Slide 6: Production: Quarter over quarter increases

    Production: Quarter over quarter increases Q3 & Q4 2022 production includes newest acquisitions.

  7. Slide 7: Costs: Quarter over quarter reductions

    Costs: Quarter over quarter reductions Q3 & Q4 costs include newest acquisitions.

  8. Slide 8: Guanajuato ¡Somos Guanajuato!

    Guanajuato Mexico’s premiere mining community. ¡Somos Guanajuato! 8

  9. Slide 9: Consolidating the Guanajuato Mining District

    Consolidating the Guanajuato Mining District 450-year mining history. 9

  10. Slide 10: 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 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 – All resources are hi

  11. Slide 11: El Cubo Mill

    El Cubo Mill Clean. Dry. Organized. 11

  12. Slide 12: El Cubo 3-D View of Principle Veins

    El Cubo 3-D View of Principle Veins High grade epithermal mineralization from multiple veins. Mina Santa Cecilia Mina Villalpando 12

  13. Slide 13: San Ignacio

    San Ignacio Ramping up to over 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 – All resources are historic

  14. Slide 14: 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 – All res

  15. Slide 15: Valenciana Mines Complex

    Valenciana Mines Complex Cata Mill – 36,000 tonnes/month capacity. 15

  16. Slide 16: Five Mines and Three Production Facilities

    Five Mines and Three Production Facilities Topia - expanding beyond Guanajuato. 16

  17. Slide 17: 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

  18. Slide 18: Topia Plant

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

  19. Slide 19: 2023 Objectives

    2023 Objectives Planned ramp-up and mill expansion.  El Cubo mill ramping up to 32,000 tonnes/month  Cata mill ramping up to 20,000 tonnes/month  Topia mill expanding from 7500 to 12,000 tonnes/month  Expansion of tailings capacity at El Cubo to 15 years  $5.2 million exploration budget 19

  20. Slide 20: 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

  21. Slide 21: Shares Issued & Outstanding

    Shares Issued & Outstanding 2-Year Share Performance. Common Shares 322.7 M Financing Warrants 98.5 M Options Outstanding 19.8 M Fully Diluted 434.8 M Current Market Cap C$128 M El Cubo Topia, VMC and San Ignacio Acquisition Acquisition 21

  22. Slide 22: Current Major Shareholders

    Current Major Shareholders All numbers approximate. Endeavour Silver Corp. 8.8% Great Panther Mining Ltd. 8.1% Myrmikan Capital LLC. 7.3% (Director Daniel Oliver) GSilver Directors & Advisors 3.9% VBS Exchange Pty Ltd. 3.2% Eric Sprott 2.1% EMA Garp Fund LP. 1.8% Public Shareholders 64.8% 22

  23. Slide 23: 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

  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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