Gr Silver Mining Ltd. · TSXV:GRSL

Gr Silver Mining — Investor Presentation (January 2022)

21 slides from Gr Silver Mining's investor presentation, January 2022

  1. Slide 1: Resource Expansion & Discoveries in Mexico

    RESOURCE EXPANSION & DISCOVERIES IN MEXICO CORPORATE PRESENTATION | JANUARY 2022 TSXV|GRSL OTCQB|GRSLF FRA|GPE

  2. Slide 2: Cautionary Statements

    CAUTIONARY STATEMENTS This presentation contains “forward-looking statements” within the meaning of Canadian securities laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and beli

  3. Slide 3: Investment Opportunity: District Scale Silver-Gold Mining Assets

    INVESTMENT OPPORTUNITY District Scale Silver-Gold Mining Assets DISTRICT CONTROL GEOLOGICAL SETTING • Over 700 km2 portfolio • Extensive low to • Past producer mines with intermediate sulphidation Ag-Au mining history Ag-Au epithermal veins • Multiple new drilling targets • Defining controls of Ag-A

  4. Slide 4: Positioned for Continuous Value Growth

    POSITIONED FOR CONTINUOUS VALUE GROWTH Strategic Assets in a Prolific Mining District Experienced leadership team in place Growing Ag-Au resource base with high quality assets Plomosas Project • 432 km2 of core concessions • Focus on drilling for discoveries • Portfolio of early to advanced stage ex

  5. Slide 5: Plomosas Project

    PLOMOSAS PROJECT Growing Resource Base* 46.3 Moz AgEq (Ind) 33.0 Moz AgEq (Inf) Two Past Producer Sites Existing infrastructure and permits in place Upside Exploration Potential Multiple veins Historic workings Three Structural Trends Plomosas & San Marcial La Tigra La Trinidad * see NI 43-101 News

  6. Slide 6: Plomosas Project - Target 2022 Growing Resource Base

    PLOMOSAS PROJECT - TARGET 2022 Growing Resource Base Infill Drilling •Targeting Ag grade increase •Add new Au-Ag zones into the resource model •Increase attractiveness with multiple resource areas Upside Large Resource Potential •Multiple veins adjacent to current NI 43-101 •Increase the surface foo

  7. Slide 7: Plomosas Project – Drill Targets 2021|22

    PLOMOSAS PROJECT – DRILL TARGETS 2021|22 Multiple veins near the Plomosas Mine area District scale project, enhancing value with modern exploration techniques and focused on continuous resource expansion. 7

  8. Slide 8: Loma Dorada - San Juan - La Colorada

    LOMA DORADA - SAN JUAN - LA COLORADA Discoveries Ongoing drill program to improve understanding of the geology Drilling & Resource Expansion Infill drilling program - Opportunity to delineate a large hydrothermal system connecting all 3 targets 8

  9. Slide 9: San Marcial: Potential Open Pit & Underground Ag Mine

    SAN MARCIAL Potential Open Pit & Underground Ag Mine First Underground Drilling Program • Delineating a large Completed epithermal system, stepping - 8 Holes for 2,436 m out from the resource area Discoveries • Positive metallurgy - 90% to 93% Ag recoveries Ag Resource Growth NI 43-101 resource (201

  10. Slide 10: San Marcial Underground Expansion Drill Program

    SAN MARCIAL UNDERGROUND EXPANSION DRILL PROGRAM Testing Down Dip Extensions Below NI 43-101 Resource* • 8 holes (2,436 m) completed • High-grade Ag results received from first 3 holes • Pending results from final 5 holes Successful Drill Program • New intersections extend mineralization up to 170 m

  11. Slide 11: La Trinidad

    LA TRINIDAD INITIAL RESULTS San Juan Area Potrerillos Target • 80% completed mapping and prospecting Plomosas Mine Area • Possible drill program for early Q1|22 Colinas Target San Marcial • Reconnaissance stage • Potential for follow-up program • Southern extension of Trinidad main gold orebody Trin

  12. Slide 12: Attractive Valuation

    ATTRACTIVE VALUATION GR Silver is currently trading at a discount to silver exploration peers • 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 • We

  13. Slide 13: Investment Opportunity: Re-rating Potential

    2.00 4 30 3 INVESTMENT 1.80 5 25 OPPORTUNITY 1.60 2 1.40 1 20 RE-RATING POTENTIAL 1.20 1.00 15 • Share price remains above 2020 pandemic low 0.80 10 0.60 TSX.V • District-scale consolidation of Listing 0.40 Plomosas, San Marcial and La GRSL 5 Trinidad with accelerated 0.20 exploration - 0 -M 8 -M 9

  14. Slide 14: Corporate Structure / Current Ownership

    CORPORATE STRUCTURE CURRENT OWNERSHIP CAPITALIZATION Shares Issued & Outstanding 167,442,155 First Majestic (TSX:FR) 12.9% Warrants (average weighted price C$0.67) 12,535,875 Management & Insiders Options (average weighted price C$0.47) 10,083,534 7.5% Fully Diluted Shares Outstanding 190,061,564 In

  15. Slide 15: Our Priorities: Environment, Social Responsibility, Governance

    OUR PRIORITIES Environment | Social Responsibility| Governance We strive to achieve zero significant environmental incidents We focus on our community engagement activities, ensuring we benefit our neighbors We encourage a diverse and inclusive workplace that focuses on development and training with

  16. Slide 16: Why GR Silver Mining?

    WHY GR SILVER MINING? OUR PEOPLE – OUR NUMBER 1 RESOURCE DRILLING FOR DISCOVERIES • Large epithermal system identified • Opportunity for continuous resource growth ATTRACTIVE VALUATION TRACK RECORD OF DELIVERY 16

  17. Slide 17: Appendix

    APPENDIX Massive sulphide (galena-sphalerite-chalcopyrite) vein with colloform banded and crustiform quartz (Plomosas Mine Sample # PLI-ST-0355) 17

  18. Slide 18: Experienced Management

    EXPERIENCED MANAGEMENT Experienced management to drive GR Silver Mining forward MARCIO FONSECA • Technical experience to evaluate exploration and operational assets with knowledge from exploration PRESIDENT AND CEO stage to mining operations • Senior roles with Echo Bay Mines, SilverCrest Mines, Phe

  19. Slide 19: Diverse Board of Directors

    DIVERSE BOARD OF DIRECTORS Strong Track Record Of Global Mining Related M&A ERIC ZAUNSCHERB • Non – Executive Chairman • 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 Canadia

  20. Slide 20: 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

  21. Slide 21: BRENDA DAYTON

    Suite 900 – 999 West Hastings Street Vancouver, BC, Canada V6C 2W2 www.grsilvermining.com FOR INVESTOR RELATIONS: BRENDA DAYTON VP Corporate Communications bdayton@grsilvermining.com T. 604.558.6248 @GRSilverMining GR Silver Mining GR Silver Mining Ltd. 7 GRSL Geologists in the Plomosas Underground

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