Slide 1: A Growing Silver Producer in Peru
TSX.V: AGX • OTCQX: AGXPF • FRA: AGX • PRECIOUS METALS PRODUCER • HUANCAVELICA, PERU A GROWING SILVER PRODUCER IN PERU A GROWING SILVER PRODUCER IN PERU Corporate Presentation | June 2026 NOMINAL CAPACITY › EXPANSION TARGET › PEA 2025 NPV › 750 → 1,000 TPD 6+ Moz AgEq $440M at $33/oz Ag Reaching 1,0
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS CAUTIONARY STATEMENTS The information in this presentation is in summary form and does not purport to be complete. It is not intended to be relied upon as advice This presentation does not constitute a prospectus or public offering for financing, and no guarantees are made or p
Slide 3: Producing in One of the Largest Underdeveloped Silver Districts in Peru
PRODUCING IN ONE OF THE LARGEST UNDERDEVELOPED SILVER DISTRICTS IN PERU PRODUCING IN ONE OF THE LARGEST UNDERDEVELOPED SILVER DISTRICTS IN PERU PURPOSE To become a leading silver company by unlocking asset value, driving profitable growth, and delivering responsible, lasting stakeholder value. 3
Slide 4: Building a Premier Silver Company
A GROWING SILVER PRODUCER IN PERU • INVESTMENT THESIS • TSX.V: AGX BUILDING A PREMIER SILVER COMPANY BUILDING A PREMIER SILVER COMPANY Unique value proposition: immediate revenue, scalable growth, and long-term discovery upside — all within a single project. Silver X is trading at 0.56x P/NAV Advanc
Slide 5: Investment Opportunity: Unlocking a Growing Silver District
GROWTH PATHWAY • 750 TPD TODAY → 1,000 TPD H2 2026 → 3,000 TPD / 6+ Moz BY 2029 INVESTMENT OPPORTUNITY: UNLOCKING A GROWING SILVER DISTRICT INVESTMENT OPPORTUNITY: UNLOCKING A GROWING SILVER DISTRICT ▪ Tangana producing at 750 tpd nominal capacity reached March 2026, ramping to 1,000 tpd in H2 2026
Slide 6: The Time for Silver: A Precious & Industrial Metal
THE TIME FOR SILVER A PRECIOUS INDUSTRIAL METAL THE TIME FOR SILVER A PRECIOUS & INDUSTRIAL METAL Structural Deficits: Supply Consistently Fails to Meet Demand ▪ Multi-year physical deficits of ~200 Moz/year, the deepest in decades. ▪ Forecast deficits persist through 2028+ as mine supply stagnates,
Slide 7: Peru: Tier 1 Silver Jurisdiction
PERU: TIER 1 SILVER JURISDICTION PERU: TIER 1 SILVER JURISDICTION The country is one of the biggest producers of base and precious metals and one of Latin America’s fastest-growing economies. 1.3M km2 3rd 33M Area Largest country in People, one of Latin America’s South America fastest-growing econom
Slide 8: Greater Huancavelica — A Multi-Asset Company
DISTRICT GEOGRAPHY • 5 MINES + 3 PROCESSING PLANTS • HUANCAVELICA, PERU GREATER HUANCAVELICA — A MULTI-ASSET COMPANY TSX.V: AGX | OTC: AGXPF | FRA: AGX 8
Slide 9: The Nueva Recuperada Silver & Gold District
THE NUEVA RECUPERADA SILVER GOLD DISTRICT THE NUEVA RECUPERADA SILVER & GOLD DISTRICT Nueva Recuperada is a growing mining district comprising multiple mining units across production, development, and exploration, supported by centralized processing infrastructure. GROWING RESOURCE WITH OUTSTANDING
Slide 10: Nueva Recuperada Silver & Gold Project
NUEVA RECUPERADA SILVER GOLD PROJECT NUEVA RECUPERADA SILVER & GOLD PROJECT Technical Reports ▪ Sep 2025: PEA updated to 3.9 Mt Measured & Indicated, 15.1 Mt Inferred Significant Potential for Resource Growth & Conversion ▪ Oct 2024: MRE updated to 4.3 Mt Measured & Indicated, 17.2Mt Inferred ▪ Apr
Slide 11: 2025 PEA: Tangana + Plata Positioned for 3,000 tpd
2025 PEA: Tangana + Plata Positioned for 3,000 tpd +6M AgEq oz of Annual Production 2025 PEA: Tangana + Plata Positioned for 3,000 tpd & +6M AgEq oz of Annual Production Positive PEA results outline two complementary mining units (TMU & PMU), each with ~1,500 tpd processing capacity. Mineral Resourc
Slide 12: Tangana
TANGANA 12
Slide 13: Tangana Project Snapshot
TANGANA • PRODUCING UNIT • SCALING TO 1,000 TPD IN H2 2026 TANGANA PROJECT SNAPSHOT PRODUCTION TANGANA PROJECT SNAPSHOT PRODUCTION The Tangana Mining Unit (TMU) commenced commercial production in January 2023, with current production focusing on only 10% of the resource Stage: Producing underground
Slide 14: 2026 Focus: Tangana Mining Unit
2026 FOCUS: TANGANA MINING UNIT 2026 FOCUS: TANGANA MINING UNIT The Tangana Mining Unit commenced commercial production in January 2023, with current production focusing on only 10% of the resource 2.5 km Possible new mill Tangana Possible dry-stacked tailings 4,950 m asl West Tangana Main (Producti
Slide 15: 2026 Focus: Tangana Mining Unit
TANGANA MINING UNIT 2026 FOCUS: TANGANA MINING UNIT
Slide 16: Silver X 1Q26 Production Highlights
SILVER X 1Q26 PRODUCTION HIGHLIGHTS SILVER X 1Q26 PRODUCTION HIGHLIGHTS For the three months ended March 31, 2026 — production growth and improved metal mix 44,883 t Processed +8% March 2026 Highlights — Plant at Nominal Capacity 1Q26 QoQ Tonnage Processed ■ Plant stabilized at ~750 MT per day nomin
Slide 17: Silver X 1Q26 Financial Highlights
SILVER X 1Q26 FINANCIAL HIGHLIGHTS SILVER X 1Q26 FINANCIAL HIGHLIGHTS For the three months ended March 31, 2026 Quarterly Production, Realized Ag Price & AISC — Margin $13.4M Revenue +155.0% kMT Expansion Highlighted kMT Processed Ag Spot AISC Margin per oz (Ag − AISC) USD/oz 1Q26 YoY Revenue 90 $90
Slide 18: Plata Mining Unit
PLATA MINING UNIT Path To Transformational Growth Path To Transformational Growth 20
Slide 19: Plata Project Snapshot
PLATA PROJECT SNAPSHOT DEVELOPMENT PLATA PROJECT SNAPSHOT DEVELOPMENT Stage: Development | Restarting underground mine Metals: Silver, Gold, Lead & Zinc Full Production Capacity: 1,500 tpd Historical Production: ~1.8 Mt mined @ ~16.03 oz AgEq/t Mine Life: ~14 years Resource: 6.5 Mt @ 7.24 oz AgEq/t
Slide 20: A High Grade Mine
A High Grade Mine A High Grade Mine Extensive Vein System ▪ 3,829 hectares with 17 surface-exposed mineralized veins ▪ Veins range from 0.6 to 1.0 meters wide, connected to the Chonta and Huachocolpa- Huancavelica major fault systems Resources ($60 Cutoff)2 ▪ 2025 NI 43-101: 0.99 Mt indicated @ 5.91
Slide 21: Exploration
EXPLORATION High-Grade Gold-Silver Assets in Huancavelica High-Grade Gold-Silver Assets in Huancavelica 21
Slide 22: Blenda Rubia
BLENDA RUBIA • 17.86 m TRUE WIDTH • WIDER INTERCEPTS PENDING — DRILLING CONTINUES BLENDA RUBIA SCALABLE MINING STRATEGY BLENDA RUBIA Blenda Rubia Resource Development Diamond Drilling Program SCALABLE MINING STRATEGY Geometry supports bulk-style mining in selected areas while maintaining vein mining
Slide 23: Pampas Project
PAMPAS PROJECT HIGH-GRADE GOLD-SILVER ACQUISITION · ACQUIRED MARCH 2026 · 100% INTEREST PAMPAS PROJECT HIGH-GRADE GOLD-SILVER ACQUISITION · ACQUIRED MARCH 2026 · 100% INTEREST 7,712.5 hectares 85.9 g/t Au peak 1,065 g/t Ag peak 36 mapped veins ~40 km from Recuperada district-scale land package histo
Slide 24: Silver High Grade Opportunities 2026
SILVER HIGH GRADE OPPORTUNITIES 2026 SILVER HIGH GRADE OPPORTUNITIES 2026 Red Silver: Bonanza-Grade Silver Multi Vein, Fast-Track to Production BONANZA GRADES CONFIRMED ● Recent sampling up to 920g/T Ag. PROVENCE SCALE ● 6 principal veins and 67 veins and splits with 410m vertical development A sign
Slide 25: Outstanding Gold Targets: Victoria & Ccasahuasi
OUTSTANDING GOLD TARGETS: VICTORIA CCASAHUASI OUTSTANDING GOLD TARGETS: VICTORIA & CCASAHUASI Au (ppm) Terraspec Zoning 0.005 – 0.01 K Alunite Aln-Pyr-Dk 0.01 – 0.05 K Illite Kaolinite 0.05 – 0.10 Kaolinite 0.10 – 0.50 Montmorillonite 0.50 – 1.00 Silica Cross Section > 1.00 Mg Chlorite TSX.V: AGX |
Slide 26: Building a Legacy in Huancavelica
BUILDING A LEGACY IN HUANCAVELICA BUILDING A LEGACY IN HUANCAVELICA Building a legacy in Huancavelica $ 2,800,000 99% in purchase of goods and of water is recirculated in our underground operations services from local suppliers 1,379,629 100% compliance with environmental requirements silver equival
Slide 27: Near Term Catalysts
NEAR TERM CATALYSTS NEAR TERM CATALYSTS Production Focus Permits ● Achieve 1,100 tpd by 3Q26 ● Tangana EIA at 1,500 tpd expected 2H27 ● “Plan 100” initiative aims for ● Recuperada EIA at 1,500 tpd US$100/tonne operating and expected 2H28 sustaining costs PEA 2025 Exploration ● Published Sep. 04, 202
Slide 28: Experienced Team with a Proven Track Record
EXPERIENCED TEAM WITH A PROVEN TRACK RECORD MANAGEMENT BOARD OF DIRECTORS José M. García | CEO & Director Francis Johnstone | Director Co-founder of predecessor company, Latitude Silver. +20 +12 years as Investment Advisor to Baker Steel Resources years as Mining Engineer with operation and producti
Slide 29: Capital Structure
CAPITAL STRUCTURE CAPITAL STRUCTURE 15% insider ownership with strong institutional support Major Shareholders SHARE STRUCTURE As of March 31, 2026 9% Institutional Market Capitalization $212M 6% Management Shares Outstanding 287M Warrants1 46.7M Options2 7.2M RSU’s 0.5M Fully Diluted 341.0M 85% Ret
Slide 30: Appendix
APPENDIX TSX.V: AGX | OTC: AGXPF | FRA: AGX 30
Slide 31: One of Peru's Most Prolific Silver Districts
ONE OF PERU’S MOST PROLIFIC SILVER DISTRICTS ONE OF PERU’S MOST PROLIFIC SILVER DISTRICTS The Nueva Recuperada Property surrounds Endeavour Silver’s Minera Kolpa Project valued up to US$175M Kolpa’s projects, including Kolpa’s primary operating area, sits between Silver X’s Tangana and Plata mining
Slide 32: Silver High Grade Opportunities 2026
SILVER HIGH GRADE OPPORTUNITIES 2026 SILVER HIGH GRADE OPPORTUNITIES 2026 Tangana West WEST TANGANA MAIN VEIN Systematic Channel Samples up to 302 Oz/T Ag, 5% Cu, 4%Pb, 3%Zn TANGANA SIGMOID VEIN Systematic Channel Samples TANGANA SIGMOID VEIN up to 2,748 g/T Au, 28 Oz/T Ag RED SILVER RESOURCE Bonanz
Slide 33: Silver High Grade Opportunities 2026
SILVER HIGH GRADE OPPORTUNITIES 2026 SILVER HIGH GRADE OPPORTUNITIES 2026 Red Silver: Recent Sampling Systematic underground in Historical Galleries channel sampling Exceptionally high silver grades, with vein averages of ~10–12 oz/t Ag Peak values exceeds 40 oz/t Ag, confirming the high-grade natur
Slide 34: The Time for Silver – A Precious & Industrial Metal
THE TIME FOR SILVER – A PRECIOUS INDUSTRIAL METAL THE TIME FOR SILVER – A PRECIOUS & INDUSTRIAL METAL Demand Expected to Exceed Supply for Several Years Silver Market Total Supply and Demand (Moz Ag) Silver Market Balance (Moz Ag) Source: Metals Focus Report via Pan American Silver TSX.V: AGX | OTC:
Slide 35: Contact Us
CONTACT US CONTACT US Jose Garcia | CEO j.garcia@silverxmining.com Investor Relations & Media ir@silverxmining.com Lima Office Avenida Santo Toribio 115 Oficina 502B San Isidro, Lima, 15073 Peru Vancouver Office 620– 1111 Melville St, Vancouver, BC V6E 3V6 Canada www.silverxmining.com @Silver_X_Mini