Safi Silver Corp. · TSXV:SF
Safi Silver — Investor Presentation (September 2026)
23 slides from Safi Silver's investor presentation, September 2026
Slide 1: Establishing Morocco's Next Silver District
Corporate Presentation Establishing Morocco’s Next Silver District TSX - V: SF September 2026 safisilver.com
Slide 2: Disclaimer
Disclaimer TECHNICAL INFORMATION This presentation contains ''forward - looking information'' which may include, but is not limited to, statements with respect to the future financial or operating performance of Safi Silver Corp. and its subsidiaries (collectively, the ''Company'') and its mineral p
Slide 3: Catalyzing the Next Phase of Growth
Catalyzing the Next Phase of Growth MOROCCO Addana project (Ag, Pb) Silver Hill project (Cu, Ag, Co) Following the sale of the Kombat Mine* to Horizon Corporation, Safi Silver Corp. is now fully focused on exploration across its portfolio. Exploration continues at the Addana and Silver Hill projects
Slide 4: Morocco: Legacy, Stability, and Investment Growth
Home to Africa’s Largest Silver Mine Morocco hosts Africa's largest silver mine, Imiter . Operated by Managem Group, Imiter is one of the rare mines globally where silver occurs in its free elemental form. Combined with Zgounder (operated by Aya Gold & Silver), Morocco's world - class operations val
Slide 5: Highly Prospective Exploration Projects in Morocco
Highly Prospective Exploration Projects in Morocco Addana Project MOROCCO o Seven exclusive prospecting licences encompassing 112 km² in the Addana Mountains of southern Morocco. o Located near Akka in the Tata province, the project lies 300 km south of Agadir along the Agadir - Tata route, in a reg
Slide 6: Kombat Mine Transaction
Kombat Mine Transaction Summary APRIL 2026 JULY 2026 Every 3 months thereafter JAN 2028 Projected Payment Timeline Total consideration: Total: US$ 24M US$ 3M US$ 3M Installments 3 - 8 US$ 24 million First Installment received Second installment received (US$ 3M each) (1/8 total) (2/8 total) Addition
Slide 7: The Addana Footprint: Massive Silver-Lead System
Tamdoult Each block represents a 4x4 km claim. The artisanal workings follow a 40km trend. Seven Addana Permits Addana Project The Addana Footprint: Massive Silver - Lead System 6 TSX - V: SF CORPORATE PRESENTATION
Slide 8: Geologic Model for Addana Silver Polymetallic System
Geologic Model for Addana Silver Polymetallic System Veins propagated upwards along the pre - existing structural framework and developed differently in different rock types. Modeled Vertical Zonation at Addana Hill: Ag - Pb known mineralization at surface, likely evolves to Ag - Cu potential at dep
Slide 9: Addana Regional Surface Geological Map
Addana Regional Surface Geological Map Southwest Addana (pg.9) (pg. 11) Antenna Hill (pg. 10) Legend • Numerous targets, district scale • Successive deformations and uplift, through out massive visibly mineral rich environment Source: Lithostructural controls of Pb - Cu - Ag mineralized veins of Jbe
Slide 10: Addana Southwest proposed drillholes
Addana Southwest 7 proposed drillholes 1260m Length: 2.6km Width: 800m The current campaign is targeting a portion of the SW1 area; however, satellite imagery indicates visible vein structures across the broader area, showing the potential for additional mineralization beyond the current drill targe
Slide 11: Antenna Hill proposed drillholes
Antenna Hill 900m 5 proposed drillholes Grab Samples Collected from historic waste material T1: 317 g/t silver and 22.6% lead T2: 99 g/t silver and 9.5% lead T3: 564 g/t silver, 24.8% lead and 5.3% zinc 10 TSX - V: SF CORPORATE PRESENTATION
Slide 12: Veins SW of Antenna Hill
Addana Project Veins SW of Antenna Hill Historic diggings southwest of the Antenna Hill Identified using satellite imagery • 3N: 230m x 600m – 25 veins • 3S: 200m x 600m – 19 veins 11 TSX - V: SF CORPORATE PRESENTATION
Slide 13: On the Ground in Morocco
On the Ground in Morocco 12 TSX - V: SF CORPORATE PRESENTATION
Slide 14: New Discovery Amidst Ancient Workings
Silver Hill Project New Discovery Amidst Ancient Workings Anti - Atlas Land Position ▪ 16 km² property in the Anti - Atlas region of Morocco ▪ Situated in an area of rising investor interest ▪ Leverage to regional exploration activity ▪ Potential for future consolidation opportunities Proven Neighbo
Slide 15: Success Next Door
Imiter (Managem ) TSX: AYA Market Cap: ~ C$ $3.5B Boumadine (AYA) Silver Hill Project Success Next Door Project's Outlook for Silver and Copper Boumadine (Aya Gold & Silver) Imiter (Managem Group) Silver Hill Project A polymetallic (silver - gold - zinc - lead) development The Imiter Mine, operated
Slide 16: Drilling Results
Silver Hill Project Drilling Results High copper and silver grades, confirming continued presence of Silver Hill mineralization in Morocco . Hole S1 14 metres @ 74 g/t silver and 1.08% copper Hole S3 7 metres @ 48.6 g/t silver and 0.75% copper Hole S13 8 metres @ 121 g/t silver and 1.77% copper Hole
Slide 17: Trench Assay Results
Silver Hill Project Trench Assay Results Highlights: 13 m trench grading 2.7% copper, 34.5 g/t silver and 82 ppm cobalt Eastern sector near drill hole S9 The trench, approximately 30 metres in total length, ramped down to the target area and was completed in fresh rock below the saprolite, around 2
Slide 18: Geophysical IP Survey
Silver Hill Project Chargeability map with the identified IP axis, past drill holes and newly defined targets. (T1 to T6). Geophysical IP Survey A Larger than Anticipated Target Drill Thickness (m) Cu (%) Ag (ppm) S1 14 1.08 74 S5 8 1.2 13 S13 8 1.77 121 S22 3 0.52 18 S23 32 0.77 28 S24 30 0.73 21 S
Slide 19: Silver Outlook
Prior to the end of the gold standard in 1971, the silver - to- gold ratio was fixed Silver Outlook at approximately 15:1. As of February 2026, it sits near 57:1. Structural deficit + Industrial demand + Flat supply Gold and Silver Price Ratio = Exploration opportunity 500 0 500 475 0 450 0 450 425
Slide 20: Board of Directors and Management
Board of Directors and Management Jed Richardson Dr. Andreas Rompel Tom Panoulias Ali Mlali PRESIDENT AND CEO CHIEF EXPLORATION OFFICER VP CORPORATE DEVELOPMENT COUNTRY MANAGER Mr. Richardson, a qualified mine engineer, Andreas "Andy" Rompel, a German Mr. Panoulias is a seasoned capital markets Ali
Slide 21: Capital Structure Contact
Capital Structure Contact TSX - V: SF Safi Silver Corp. ir@safisilver.com 658 Lansdowne Avenue safisilver.com Share Price: C$ 0.36 Toronto, Ontario, Canada Market Cap: C$ 20.1M M6H 3Y8 Common Shares: 55.1M Follow Us Warrants ($0.25 - $0.50): 2.7M Jed Richardson Options ($0.25 - $1.70): 4.4M Presiden
Slide 22: Kalahari Copper Project
Namibia Kalahari Copper Project ▪ 765,498 hectares of exploration licences in Namibia’s Kalahari Copper Belt, acquired in 2023, a region home to some of the world’s largest copper deposits. ▪ Potential to discover large-scale copper resources, similar to nearby discoveries. Safi Silver ▪ EPLs renewe
Slide 23: Defining High-Priority Drill Targets
Defining High - Priority Drill Targets ▪ Drone Aeromagnetic Survey Completed over key area of the Kalahari Copper Project. ▪ 3D Inversion & Interpretation identified highly prospective exploration targets. ▪ Survey area chosen for favourable stratigraphy and proximity to Fiesta - Fortuna Prospect (N