Slide 1: Investor Presentation July 2025
INVESTOR PRESENTATION July, 2025 TSX-V: APGO | OTCQB: APGOF | FSE: 6ZF0 www.apollosilver.com TSX-V:APGO, OTCQB: APGOF, FSE: 6ZFO | 1
Slide 2: Cautionary Note: Forward Looking Statements
Cautionary Note: Forward Looking Statements This presentation includes “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of Canadian securities legislation, which reflect the Apollo’s current expectations regarding the futu
Slide 3: Cautionary Note: Information Concerning Calico Resource Estimate
Cautionary Note: Information Concerning Calico Resource Estimate Cautionary Note for Mineral Resource Estimates The Calico Silver Project 2023 Mineral Resource Estimate (“2023 MRE”) has been prepared by Derek Loveday, P. Geo., of Stantec Consulting Services Ltd. (“Stantec”), an independent Qualified
Slide 4: Investment Thesis
Investment Thesis Two Significant Large Mineral Corporate Highlights Upcoming Value Projects Located Inventory with Driving Catalysts in Pro-mining Expansion Potential Jurisdictions The Calico Project is Calico Project- 110Moz Highly experienced team Resource estimate for situated on private & publi
Slide 5: Projects
Projects Operating in two mining-friendly jurisdictions with great access to infrastructure Calico Project Located in San Bernadino County, CA One of the largest primary silver deposits in the US Cinco de Mayo Project Recently optioned in Chihuahua, Mexico Textbook Carbonate Replacement deposit (CRD
Slide 6: Calico Silver Project
Calico Silver Project Drill delineated resources primarily occur within private lands Both private properties have MINERAL vested mining rights TITLE 15 km from Barstow and accessible via paved roads Commercially available electricity within 5 km of LOCATION & property INFRASTRUCTURE Barstow rail fa
Slide 7: Calico Silver Project Current Resource Estimate
Calico Silver Project Current Resource Estimate (Mar 06, 2023) WATERLOO RESOURCE ESTIMATE(1,2) Category Metal Grade Tonnes Strip Ratio Ounces Measured 103 g/t 27.4 Mt 90 M 1.1 Silver Indicated 91 g/t 6.8 Mt 20 M (50 g/t cut-off) Inferred 77 g/t 0.3 Mt 1.1 720 K Gold Inferred 0.5 g/t 4.5 Mt 2.1 70 K
Slide 8: U.S. Critical Mineral at Calico
Calico Silver Project U.S. Critical Mineral at Calico Barite is on the 2023 US Final List of Critical Minerals as it is essential to the economic or national security of the U.S. and is vulnerable to supply chain disruption Barite is critical for domestic applications in the energy industry. Histori
Slide 9: Mule Claims - Calico Project
Mule Claims - Calico Project Mule Claims Calico - Property Map Expands the Calico Project size by over 285% along trend to the east of Langtry, Waterloo & Burcham resources Tremendous “Blue-Sky” exploration potential Previous exploration work identified several strongly anomalous silver values on th
Slide 10: Looking Forward at Calico
Looking Forward at Calico Summary Map of Burcham Exploration Program Expand the oxide gold resource in Burcham Define barite distribution Target high-grade silver at Langtry GROW Feasibility level drilling focused on open pit design geotechnical information and metallurgical process optimization ADV
Slide 11: Cinco De Mayo Project: Carbonate Replacement Deposits
Carbonate Replacement Deposits (CRD’s) Cinco De Mayo Project CRD’s represent 40% of Mexico’s mined silver and most of its Zinc Large tonnage and high grade: Rich in Silver and Base Metals (Zn, Pb, Cu) Often >300g/t Ag Eq 10M to >100M Tonnes Low mining cost Small environmental footprint Cinco de Mayo
Slide 12: A textbook CRD deposit
A textbook CRD deposit Cinco De Mayo Project Upper Manto – Large Historic Inferred Resource (Ag, Zn, Pb) Pozo Seco – Historic Au-Mo Resource Pegaso Zone – A highly significant new discovery of Ag, Zn, Pb CRD Exploration Model for Cinco De Mayo Source: Megaw, 1998 www.apollosilver.com TSX-V:APGO, OTC
Slide 13: Resource Expansion and Potential New Discovery
Resource Expansion and Potential New Discovery Cinco De Mayo Project Please refer to slide 2,3 of this presentation for cautionary notes and further information regarding Cinco de Mayo Project historical mineral resource estimates. www.apollosilver.com TSX-V:APGO, OTCQB: APGOF, FSE: 6ZFO | 13
Slide 14: Pozo Seco - High Grade Mo/Au Resource
Cinco De Mayo Project Pozo Seco- High Grade Mo/Au Resource Source: “Ross, D., 2010, Technical Report on the Pozo Seco Mineral Resource Estimate, Cinco de Mayo Project, Chihuahua, Mexico, NI 43-101 Report, September 10, 2010” www.apollosilver.com TSX-V:APGO, OTCQB: APGOF, FSE: 6ZFO | 14
Slide 15: Historical Resources
Historical Resources *Upper Manto Deposit, September 1, 2012, Mag Silver Corporation Category Tonnage (Mt) Gold (g/t) Silver (g/t) Zinc (%) Lead (%) AgEg (g/t) Gold (oz) Silver (Moz) Zinc (Mlb) Inferred 12.45 0.24 132 6.47 2.86 385 96,000 52.7 1,777 The Upper Manto Historical Mineral resources was e
Slide 16: Cinco De Mayo Transaction Considerations
Cinco De Mayo Project Cinco De Mayo Project Transaction Considerations Social Gain access to property through the establishment of contracts and social license with the local License community stakeholders • Plan and execute comprehensive exploration program Work • Assume all property holding costs
Slide 17: Capital Structure
2-Year Performance Chart Capitalization Capital Structure Shares issued and outstanding 242.2M Options (avg. price $0.29/share) 16.2M Warrants (avg. price $0.79/share) 35.3M Market capitalization1 C$106M 30-day daily trading volume2 928K Working capital C$11M Institutional holdings 25.8% Insider and
Slide 18: Leadership Team
Leadership Team www.apollosilver.com TSX-V:APGO, OTCQB: APGOF, FSE: 6ZFO | 18
Slide 19: Thank You
THANK YOU To subscribe to our email list, visit: www.apollosilver.com 710-1030 West Georgia Street Vancouver, BC V6E 2Y3 Tel: (604) 428-6128 Email: info@apollosilver.com TSX-V: APGO | OTCQB: APGOF | FSE: 6ZF0 www.apollosilver.com TSX-V:APGO, OTCQB: APGOF, FSE: 6ZFO | 19