Slide 1: Creating a Premier U.S. High Grade Silver Developer
TSXV:AGA | OTCQX:AAGAF | Frankfurt: QP2 Creating a Premier U.S. High Grade Silver Developer CORPORATE PRESENTATION April 2026 SILVER47 | TSXV:AGA | OTCQB:AAGAF | Frankfurt: QP2 Page 1
Slide 2: Forward-Looking Statements
This presentation includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Cautionary Note Regarding Canadian and United States securities legislation including the United States Private Securities Li
Slide 3: Creating a Leading High-Grade US-Focused Silver Developer
Creating a Leading High-Grade US-Focused Silver Developer Combined resources totalling 236 Moz AgEq Red Mountain 36.1m @ 672 g/t AgEq* ALASKA, USA (183 g/t Ag, 1.02 g/t Au, 0.22% Cu, at 334 g/t AgEq Inferred and 10 Moz AgEq 7.8% Zn+Pb) DC98-40 at 333 g/t AgEq Indicated 6.1m @ 1,988 g/t AgEq* (385 g/
Slide 4: Significant Re-Rate Potential
Significant Re-Rate Potential US$ EV / oz $0.29 $0.49 $1.84 $2.71 $2.74 Company Silver47 Southern Silver Argenta Silver Outcrop Silver Blackrock Silver Project Red Mountain Hughes Mogollon Cerro Las Minitas El Quevar Santa Ana Tonopah West Location Alaska, USA Nevada, USA New Mexico, USA Durango, Me
Slide 5: Management Team
Management Team Gary R. Thompson Executive Chairman Galen McNamara CEO & Director Seasoned geologist with a proven track Co-founder of Summa Silver and geologist with 20 record in exploration and company building. years of discovery and capital markets experience, Current Chairman and CEO of Brixton
Slide 6: Board of Directors
Board of Directors Gary R. Thompson Executive Chairman Ryan Goodman Director Seasoned geologist with a proven track record in Legal expert in the mining industry, currently serving as exploration and company building. Current Chairman and VP, Legal for Orezone Gold (TSX:ORE) and previously at CEO of
Slide 7: Capital Structure
Capital Structure * Recent Share Price $0.73 * Market Cap $152M Shareholder Distribution Common Shares Issued 208.6M 8% Incentive Stock Options 14.3M 19% Restricted Share Units 3.6M Warrants 68.7M 63% 10% Working Capital ~$53M Debt Nil Eric Sprott Institutional / Strategic Management / Insiders Reta
Slide 8: Why Silver?
Why Silver? Significant Looming Essential for a Scarcity Supply Deficit Low Carbon Economy Only four pure silver Total demand for 2025 is forecasted to be ~35% of silver production is consumed mines active in the United States ~1,148M ounces compared to mine by electric vehicles and solar energy pro
Slide 9: Mineral Resource Summary
Mineral Resource Summary Classification Project Tonnes Ag Au Zn Pb Cu AgEq Ag Au Zn Pb Cu AgEq (Mt) (g/t) (g/t) (%) (%) (%) (g/t) (Moz) (koz) (kt) (kt) (kt) (Moz) Inferred Red Mountain 15.6 71 0.4 3.4 1.4 0.2 336 36.0 214 532 216 26 168.6 Indicated Hughes 1.0 188 1.6 - - - 333 5.8 49 - - - 10.3 Infe
Slide 10: Red Mountain Project
Red Mountain Project ALASKA, USA SILVER47 | TSXV:AGA | OTCQB:AAGAF | Frankfurt: QP2 Page 10
Slide 11: Red Mountain Highlights
Red Mountain Highlights INFERRED 168.6M AgEq Contained within 15.6 Mt 335.7 g/t AgEq Grade: Both Resource zones host multiple intercepts over 2,000 g/t AgEq* Scale: Defining a multi-hundred million ounce VMS deposit along a 60km trend Current Resource based < than 40,000 meters of drilling Over $30M
Slide 12: Dry Creek Long Section
Dry Creek Long Section DC18-79 DC25-111 DC98-40 Legend 1,988 g/t AgEq over 6.10m DC25-108 672 g/t AgEq over 36.10m Drill Hole Pierce Point 216 g/t AgEq over 12.35m >500 AgEq* 344 g/t AgEq over 12.30m >150 AgEq* <150 AgEq* Surface Mineral Resource Outline OPEN DC25-113 OPEN 606 g/t AgEq over 9.65m DC
Slide 13: West Tundra Flats Long Section
West Tundra Flats Long Section Legend Surface WT25-35 Drill Hole Pierce Point >500 AgEq* 587 g/t AgEq over 2.00m >150 AgEq* <150 AgEq* Mineral Resource Outline WT24-34 OPEN 1,654 g/t AgEq over 3.50m WT24-33 WT25-41 1,079 g/t AgEq over 2.90m RESOURCE GAP 826 g/t AgEq over 1.90m WT25-37 1,341 g/t AgEq
Slide 14: Securing US Critical Minerals
Securing US Critical Minerals 60km Trend 1,295 g/t Silver Leverage to silver’s role in 149 g/t Gallium solar & electrification, alongside critical base metals Aligned with U.S. critical minerals strategy, unlocking potential policy support and funding opportunities Summer drill program will 0.13% Ti
Slide 15: Hughes Project
Hughes Project NEVADA, USA Located in the heart of the famous historic Tonopah District and covering 5km of its possible eastern extension, the Hughes Property represents a unique opportunity to both revitalize a historic district and make new discoveries in the shadows of the headframes of some of
Slide 16: Hughes Project Highlights
Hughes Project Highlights Robust Resource Along Prolific Walker Lane Trend WALKER LANE GOLD TREND Kinross - Round Mountain INDICATED INFERRED INFERRED: TAILINGS Epithermal Gold / Silver Belt 10.26M 32.91M 2.74M 15M Produced & 3.1M oz Au P+P AgEq AgEq AgEq Contained within 0.96 Mt Contained within 2.
Slide 17: Tonopah Mining District
Tonopah Mining District Location Situated along the prolific Walker Lane N oz AgEq trend 10.26M Contained within 0.96 Mt INDICATED at 333 g/t AgEq oz AgEq TONOPAH WEST 32.91M Contained within 2.43 Mt INFERRED Size & Scale at 421 g/t AgEq PROJECT 175 Moz Ag & 1.9 5,504 100% Acres Owned HUGHES Moz Au
Slide 18: Hughes Project Drilling
Hughes Project Drilling Hole ID Length Ag Au AgEq (m) (g/t) (g/t) (g/t) Emerald Belmont SUM21-30 2.8 2,252 21.6 3,971 N Strong Alteration incl. 0.9 5,969 60.2 10,790 SUM21-31 4.3 913 7.86 1,529 incl. 0.6 4,338 56.5 8,989 SUM20-20 1.4 1495 16.9 2,867 Halifax Well Mineralized Ruby Diamond incl. 0.7 2,
Slide 19: Hughes Project Long Section
Legend Drill Hole Pierce Point Hughes Project Long Section >1,000 AgEq* >500 AgEq* >150 AgEq* <150 AgEq* Areas of Focus for Ongoing Exploration 4.2 km 1,450 g/t AgEq* Historic Tonopah Mining District 3.0m Intercept Length 175M oz Ag, 1.86M oz Au 679 g/t Ag, 7.3 g/t Au** Eastern Extension Open and Un
Slide 20: District Comparison
District Comparison Strike Million Million District Length ounces Ag ounces Au Tonopah, Nevada 4 km 175 1.9 Guanajuato, Mexico 18 km >1,000 4 San Dimas, Mexico 7.5 km 582 11 Pachuca, Mexico 7.5 km 1,500 6.2 Comstock, Nevada 5 km 200 8.3 SUM23-59 SUM23-62 Tonopah 175M Oz Ag + 1.9M Oz Au OPEN 4 km 1.5
Slide 21: Mogollon Project
Mogollon Project NEW MEXICO, USA The Mogollon district presents a very rare discovery opportunity, and for good reason. It is my strong belief that the district has the potential to be one of the great remaining vein fields still left in the United States Galen McNamara, CEO and Director SILVER47 |
Slide 22: Mogollon Project Highlights
Mogollon Project Highlights INFERRED N New Mexico 32.08M AgEq Contained within 2.72 Mt Mogollon Project 367 g/t AgEq MRE covers only 2.4 of the 77 km of known vein and structure present Excellent metallurgical recoveries 97% Silver & 98% Gold Consolidated Extension Significant Resource upside Clifto
Slide 23: Mogollon Project Drilling
Mogollon Project Drilling Hole ID Length Ag Au AgEq (m) (g/t) (g/t) (g/t) MOG22-05 31.0 129 3.88 448 MOG23-16 MOGOLLON PROPERTY incl. 1.8 220 19.80 1,891 incl. 0.5 638 66.80 6,286 433 Incl 2,686 incl. 2.0 431 9.32 1,185 23.2m 1.1m MOG22-10 1.7 73 1.37 183 Viewed Area and 0.8 102 1.93 256 and 1.2 182
Slide 24: Mogollon Project Long Section
LEGEND Drill hole pierce point Historic underground sample Mogollon Project Long Section >500 g/t AgEq* >100 g/t AgEq* >50 g/t AgEq* <50 g/t AgEq* 393 g/t AgEq* MOG23-20 MOG23-21 MOG22-10 MOG22-05 7.4m Intercept Length 393* 2,735* 1,133* 445* 640* 448* 1,891* inc. inc. inc. 7.4m 0.5m 1.6m 16.6m 9.9m
Slide 25: Mogollon Project Outline & Target Areas
Mogollon Project Outline & Target Areas Total Size: 7,730 acres 3,652 g/t AgEq* 221 g/t Ag, 39.3 g/t Au, 0.8% Cu (Dump) LEGEND Mogollon Claims N 6,956 g/t AgEq* 471 g/t Ag, 71.1 g/t Au, 4.2% Cu Veins and Faults (Dump) 8,475 g/t AgEq* 873 g/t Ag, 5.39 g/t Au, 4.43% AgEq* (g/t) Cu (Float) 0 - 0.5 9 km
Slide 26: Upcoming Catalysts and Work Plan
Upcoming Catalysts and Work Plan Well capitalized to Significant resource expansion drill programs at Deliver on Several Red Mountain, Hughes, & Mogollon planned for 2026 Near-Term Catalysts Updated resource at Red Mountain anticipated for H1 2026 with PEA to follow Further assessment of critical mi
Slide 27: For more information, please contact
TSXV:AGA | OTCQB:AAGAF | Frankfurt: QP2 For more information, please contact Galen McNamara CEO & Director info@silver47.ca Silver47.ca @Silver47 SILVER47 | TSXV:AGA | OTCQB:AAGAF | Frankfurt: QP2 Page 27
Slide 28: Notes to Mineral Resources
Notes to Mineral Resources Notes on Red Mountain Project Mineral Resources: Notes to Hughes Project & Mogollon Project Resources: 1. The 2024 Red Mountain MRE was estimated and classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum 1. Silver Equivalent (AgEq) cut-of