Slide 1: Expanding Resources in a Historical District of Mexico
EXPANDING RESOURCES IN A HISTORICAL DISTRICT OF MEXICO CORPORATE PRESENTATION | AUGUST 2022 TSXV|GRSL OTCQB|GRSLF FRA|GPE
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains “forward-looking statements” within the meaning of Such assumptions, include, but are not limited to: (i) there being no significant change to current Canadian securities laws. Where a forward-looking statement expresses or implies an geotechnical, me
Slide 3: 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 4: District Scale Strategic Assets
DISTRICT SCALE STRATEGIC ASSETS Positioned For Continuous Growth Plomosas Project • 432 km2 of core concessions • Growing resource base at the San Marcial and Plomosas Mine Areas 46.3 Moz AgEq (Ind) 33.0 Moz AgEq (Inf) • Portfolio of near-term permitted development-stage assets including the Plomosa
Slide 5: Plomosas Project
PLOMOSAS PROJECT Two Past Producer Sites Existing infrastructure and permits in place Upside Exploration Potential Multiple veins Historic workings Three Major Structural Trends Plomosas & San Marcial La Tigra La Trinidad 5
Slide 6: Plomosas Project - Catalysts
PLOMOSAS PROJECT - CATALYSTS Growing the Resource Base in 2 Areas San Marcial Resource Expansion • Drilling multiple new targets adjacent to current resources • Ag anomalies identified along 5km key geological contact adjoining resource area Plomosas Mine Area Infill Drilling • Targeting Ag grade in
Slide 7: San Marcial Area
SAN MARCIAL AREA Exploration Model Success Extensive Epithermal System Recently completed UG drilling demonstrated extension of higher- grade Ag mineralization to depth Surface exploration outlining potential resource growth along strike in multiple anomalies Ag-dominant mineralization with prelimin
Slide 8: San Marcial Area – Exploration Model Success with Expansion to Depth
SAN MARCIAL AREA – EXPLORATION MODEL SUCCESS WITH EXPANSION TO DEPTH Successful deployment of first UG drilling to expand high- grade Ag mineralization up to 300m down-dip 8
Slide 9: San Marcial Area
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 >5kms of the “Target
Slide 10: Plomosas Mine Area – 2022 Surgical Infill Drill Program
PLOMOSAS MINE AREA – 2022 SURGICAL INFILL DRILL PROGRAM Plomosas Camp North South Mine Access 10
Slide 11: Longitudinal Section
LONGITUDINAL SECTION New Wide, High-grade Silver Mineralization Upside Potential On Existing Low-grade Resource Blocks* *See News Release dated April 27, 2022 and May 24, 2022 11
Slide 12: Plomosas Project – Pipeline of Drill Targets 2022
PLOMOSAS PROJECT – PIPELINE OF DRILL TARGETS 2022 Multiple veins near the Plomosas Mine area District scale project, enhancing value with modern exploration techniques and focused on continuous resource expansion 12
Slide 13: Capital Structure and Current Ownership
CAPITAL STRUCTURE CURRENT OWNERSHIP CAPITALIZATION First Majestic (TSX:FR) Shares Issued & Outstanding 195,216,806 11% Warrants Management & 27,316,675 (average weighted price C$0.51) Insiders 7.2% Options 9,769,157 (average weighted price C$0.42) Institutions & Funds 25% Fully Diluted Shares Outsta
Slide 14: GR Silver Is Trading at a Significant Discount to Peers
GR SILVER IS TRADING AT A SIGNIFICANT DISCOUNT TO PEERS As at July 18, 2022 ➢ GR Silver’s current compliant resources include the Plomosas, San Juan and San Marcial areas ➢ Our exploration focus is on new high-grade epithermal vein targets and expanding high quality resources ➢ One can expect a “mov
Slide 15: Experienced Management
EXPERIENCED MANAGEMENT BLAINE BAILEY ERIC ZAUNSCHERB BRENDA DAYTON TREVOR WOOLFE MARCIO FONSECA CFO Chairman & CEO VP Corporate Communications VP Exploration & Corporate President & COO Chartered Professional Geologist with over 30 years 15 years of communications and Development Technical experienc
Slide 16: Diverse Board of Directors
DIVERSE BOARD OF DIRECTORS Strong Track Record Of Global Mining Related M&A ERIC ZAUNSCHERB • Chairman & CEO • Previously served as Managing Director, Research – Metals & Mining Analyst at Canaccord Genuity where he coordinated the firm’s global mining equity research team and is a Canadian geologis
Slide 17: Why GR Silver Mining?
WHY GR SILVER MINING? DRILLING FOR DISCOVERIES •Wholly-owned, district-scale land package with existing infrastructure and permits •Large epithermal system identified •Opportunity for continuous resource growth OUR PEOPLE – OUR NUMBER 1 RESOURCE ATTRACTIVE VALUATION TRACK RECORD OF DELIVERY 17
Slide 18: Appendix
APPENDIX FY GR SILVER 18
Slide 19: Combined NI 43-101 Resource Statement
COMBINED NI 43-101 RESOURCE STATEMENT Plomosas Project* Total Resources Statement - August 23, 2021 Resource Tonnage Au Au Ag Ag Pb Pb Zn Zn AgEq AgEq Category Type MT g/t Koz g/t Moz % Mlbs % Mlbs Moz g/t Indicated OP 0.3 0.20 2 83 0.9 0.8 6.4 0.8 6.1 1.3 114 Inferred OP 1.4 0.12 5 78 3.6 0.9 27.3
Slide 20: Our Priorities: Environment, Social Responsibility, Governance
OUR PRIORITIES ENVIRONMENT SOCIAL RESPONSIBILITY GOVERNANCE Committed to achieving zero significant We are dedicated to our community We encourage a diverse and inclusive environmental incidents through engagement activities, ensuring we benefit workplace that focuses on continuous responsible and s
Slide 21: Contact – Investor Relations
Suite 1050 – 400 Burrard Street Vancouver, BC, Canada V6C 3A6 www.grsilvermining.com FOR INVESTOR RELATIONS: BRENDA DAYTON VP Corporate Communications bdayton@grsilvermining.com T. 604.417.7952 @GRSilverMining GR Silver Mining GR Silver Mining Ltd. 7 TSXV|GRSL OTCQB|GRSLF FRA|GPE