Silver Mountain Resources, Inc. Class A · TSX:AGMR
Silver Mountain Resources, Inc. Class A — Investor Presentation (August 2026)
23 slides from Silver Mountain Resources, Inc. Class A's investor presentation, August 2026
Slide 1: Silver Mountain Resources Corporate Presentation August 2026
SILVER MOUNTAIN RESOURCES C O R P O R AT E P R E S E N TAT I O N / A U G U S T 2 0 2 6 TSX: AGMR | OTCQB: AGMRF | BVL: AGMR TSX: AGMR | OTCQB: AGMRF | BVL: AGMR CORPORATE PRESENTATION | 1
Slide 2: Disclaimer
DISCL A IMER IMPORTANT – YOU MUST READ THE FOLLOWING BEFORE CONTINUING Technical Report in its entirety, including all assumptions, parameters, qualifications, limitations and methods factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. The informa
Slide 3: Silver Mining In Central Peru
Silver Mining In Centra l Per u The Castrovirreyna Project is strategically located in the Huancavelica Region of Central Peru. Yanacocha • 3 major mineral concession blocks hosting Ag-rich, Antamina Atacocha polymetallic veins and Au-rich breccias. • AgMR will re-start production at the Reliquias T
Slide 4: Investment Overview
In ve s tme n t O ve r v ie w High-Grade & Low-Tonnage1 Key Asset Advantage2 Expected Near Term Production SIZE GRADE 12.8 Moz AgEq 304 g/t AgEq M&I 16 Moz AgEq 284 g/t AgEq Inferred Significant Historic Resources3 Growth Potential 1. Refer to the full text of the Reliquias Technical Report for the
Slide 5: Reliquias Project - Overview
Reliq uia s P ro ject 1 - O ver view Priority Targets Reliquias Mine: A polymetallic project with silver mineralization. Positioned strategically in a resource-rich area. Lithocap Stage: Commissioning Cu Porphyry Caudalosa Mine: Previously operated mine with historic resources. Stage: Advanced Colqu
Slide 6: Our History
O ur H isto r y TSX: AGMR | OTCQB: AGMRF | BVL: AGMR CORPORATE PRESENTATION | 6
Slide 7: Reliquias - Infrastructure
Reliq uia s 1 - Inf ra str ucture Underground Mine well-equipped and with key permits in place, strategically supported for success. These components are intended to ensure safety, efficiency, and productivity. Comprehensive infrastructure includes: A reliable power supply line GENERAL Efficient w
Slide 8: Existing Resources with Growth Potential
Existing Reso urces 1 with G ro wth Po tentia l 3 2 The Reliquias Project offers potential for significant resource expansion through future drilling, possibility of extending known vein systems along strike and at depth. Numerous outcropping veins within the large 60,000-hectare land package remain
Slide 9: Staged Approach For Organic Growth
Sta g ed A pproa c h Fo r O rg a nic G ro wth 1 Production at Reliquias Mine expected to fund startup of Caudolasa Mine and exploration of Colquicuntur targets Imminent Production Advanced Exploration Production Upside Exploration Projects Reliquias Mine Caudalosa Mine Colquicuntur Target Dorita, El
Slide 10: First Production Expected in Q3 2026
Fir st P ro d uctio n Expected in Q 3 2 0 2 6 1 2026 Tailings Storage Facility Upgrade Completed The upgrade and recommissioning of the tailing storage facility have been successfully completed, supporting safe and sustainable resource management. Mining Operations at Reliquias Initiated Mining acti
Slide 11: Track Record Of Delivering On Timelines
Track Record Of Delivering On Timelines 1 2024 2025 2026 RELIQUIAS PROJECT TASKS Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Updated Resource Estimate Environmental Certification for Mining Operations Until 2034 Positive PEA + Mine Plan & Detailed Metallurgical Studies 20-Year Communities Agreement Project
Slide 12: Fully Funded LOM Production Profile
Ful l y Fund ed LO M P ro d uctio n P rof ile 1 Production (Moz Silver AgEq) 2.6 2.6 2.5 2.3 2.3 2.2 Balance Sheet (as of June 30, 2026) Strength 1.6 Cash position2 C$41.3 M 1.3 Remaining capex C$4 M 2026-27E 2028E 2029E 2030E 2031E 2032E 2033E 2034E 1. Refer to the full text of the Reliquias Techni
Slide 13: Silver-Dominated Polymetallic Orebodies
Silver-Do mina ted Po ly meta llic O rebo d ies M I N E R A L VA L U E D I S T R I B U T I O N 1 2 3 RELIQUIAS CAUDALOSA Copper Lead 2.8% Zinc 4.1% Lead 4.7% 7.6% Copper Lead 7.2% 10.6% Gold 9.3% Zinc 9.9% Zinc Silver Silver Silver 13.8% Copper 62.8% 66.4% 84.1% 16.6% 1. Silver equivalent values and
Slide 14: Mine Plan & Treatment
M i n e P l a n & Tre a t m e n t Plan View by Zones ZONE 6 PER ZONE 5 MTS - W ZONE 7 ZONE 1 AYA - W MTS - E ZONE 8 ZONE 2 VUL SOR ZONE 3 PAS SCS - W1 BEA AYA - E ZONE 4 SCS - W2 MTC- W1 MTC - E PZR ZONE 9 MTC - W2 ZONE 12 SCS - C ZONE 13 ZONE 11 SCS - E1 SCS - E2 SCS - E3 ZONE 10 NAT TSX: AGMR | OT
Slide 15: Significant Exploration Upside
Sig ni f ica nt Explo ra tio n U psid e 1 Lithocap Cu Porphyry Reliquias Underground • Potential mineral resources distributed over 10 veins. • Excellent mineral upside and life-of-mine potential. Caudalosa - Poetas Corridor • About 3.5 strike-length mineralized corridor with at least six veins with
Slide 16: Reliquias Exploration Program
Reliq uia s Explo ra tio n P ro g ra m 1 DDH Project - Sacasipuedes vein Potential: 820,845 Tm, @5.34 Oz/t Ag, 1.84% Zn, 1.18% Pb, 0.15% Cu, 0.46 ppm Au. The 2026 drilling program focuses on mineral resource replacement, growth, and recategorization. The program comprises 6,688 meters2 of drilling f
Slide 17: Caudalosa Presents U/G and O/P Potential
Ca ud a lo s a P resents U / G a nd O / P Po tentia l 1 Potential: 1,910,919 Tm, @6.46 Oz/t Ag, 2.60% Zn, 2.23% Pb, 1.55% Cu, NSR 283 The 2026 drilling program focuses on exploring the Near-Surface target area to confirm mineralization continuity and evaluate Mineral Resource potential The program c
Slide 18: Colquicuntur
Co lq uicuntur TA R G E T H I G H L I G H T S Potential for copper Greenfields Opportunities Beyond The Reliquias Mine porphyry targets at depth. Reliquias Block consists of over 20,000 hectares 1 of highly prospective mineral concessions surrounding Several breccia events identified to date. the Re
Slide 19: Valuation Per Ounce Produced
Va l ua tio n Per O unce P ro d uced Significant Re-Rate Potential at Production Start-up ENTERPRISE VALUE (CAD) / ANNUAL AGEQ PRODUCTION (ESTIMATED 2027) $600 6.6 EV / Annual Production 2027 23.7 $400 10.5 Average $266 ~3x to reach average 3.9 6.8 10.0 16.8 $200 1.4 9.4 0.3 1.4 3.3 3.4 $110 – AYA F
Slide 20: Valuation Per Ounce
Va l ua tio n Per O unce Significant Re-Rate Potential at Production Start-up ENTERPRISE VALUE (CAD) / M&I SILVER-EQUIVALENT OUNCES $40.0 $30.0 $27.6 $20.3 $20.0 $19.2 $12.6 $10.7 $10.0 $10.0 $9.0 $6.0 $5.3 $5.0 $4.5 – FIRST MAJESTIC SILVERCREST MAG SILVER GATOS SIERRA MADRE GUANAJUATO AMERICAS GOLD
Slide 21: Capital Structure and Shareholder Base
Ca pi ta l Str ucture a nd Sh a reh o ld er Ba se 6 2.1% As of J u n e 30, 2026 2.4% Shares Outstanding 64.6M 3.0% 1 3.1% Stocks Options 0.9M 2 3.5% Warrants 20.5M 3.6% 3 RSUs 0.4M 4.2% Eric Sprott Market Capitalization4 C$ 211M Other 4.6% Cash Position5 C$ 41.3 M Other 56.6% 54.7% 5.8% 1. 2. Stock
Slide 22: Directors & Management
Di recto r s & Ma na g ement Directors Jose Vizquerra, Chairman Former President & CEO at O3 Mining. Former Exc. VP of Strategic Development for Osisko Gerardo Fernandez, Independent Director Mining Former Head of BD for Cia. de Minas Buenaventura. Former Production and Broad experience in several l
Slide 23: Silver Mountain Resources
S I LV E R M O U N TA I N R E S O U R C E S W W W. A G M R . C A
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