Slide 1: A Significant Silver District in Peru
A SIGNIFICANT SILVER DISTRICT IN PERU Corporate Presentation | September 2025 TSX.V: AGX | OTC: AGXPF | FRA: AGX TSX.V: AGX | OTC: AGXPF | FRA: AGX
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS The information in this presentation is in summary form and does not purport to be complete. It is not intended to be This presentation does not constitute a prospectus or public offering for financing, and no guarantees are made or relied upon as advice to investors or potenti
Slide 3: Producing in One of the Largest Underdeveloped Silver Districts in Peru
PRODUCING IN ONE OF THE LARGEST UNDERDEVELOPED SILVER DISTRICTS IN PERU To consolidate and develop undervalued Silver X assets, creating value by adding resources MISSION and increasing production profitably; aspiring to social and environmental excellence. Silver X To be a premier silver company de
Slide 4: Building a Premier Silver Company
BUILDING A PREMIER SILVER COMPANY Unique value proposition: immediate revenue, scalable growth, Silver X is trading at only and long-term discovery upside — all within a single project. 0.4x P/NAV 1.4 1.32 Advancing the Nueva Recuperada Silver Project — a 20,795-hectare, 1.2 district-scale land pack
Slide 5: Investment Opportunity: Unlocking a Silver District
INVESTMENT OPPORTUNITY: UNLOCKING A SILVER DISTRICT ▪ Tangana producing at 600 tpd, Expanding to 720 tpd (~2M AgEq oz/yr) Increasing ▪ Plata Mine Unit expected to come online in 2027 Production ▪ OBJECTIVE 3,000 tpd by 2029 (6M AgEq oz/yr) ▪ Outstanding Resource, nearly 20 MT of high-grade Growing ▪
Slide 6: The Time for Silver – A Precious & Industrial Metal
THE TIME FOR SILVER – A PRECIOUS & INDUSTRIAL METAL Silver is a Critical Material for the Green & Digital Economies INDUSTRIAL APPLICATIONS Silver’s electrical conductivity makes it an essential material in a digital economy from smart phones and laptops, to battery electric vehicles (BEVs) of globa
Slide 7: Peru – Tier 1 Silver Jurisdiction
PERU – TIER 1 SILVER JURISDITION The country is one of the biggest producers of base and precious metals and one of Latin America’s fastest-growing economies. 33M 1.3M km2 3rd Largest country in People, one of Latin Area South America America’s fastest- growing economies(1) 18% 110,000 MT Peru has t
Slide 8: The Nueva Recuperada Project Silver & Gold District
THE NUEVA RECUPERADA PROJECT SILVER & GOLD DISTRICT A 20,795-Hectare Fully Permitted District-Scale Land Package in Central Peru NUEVA RECUPERADA SILVER & GOLD PROJECT Production ▪ Tangana Mining Unit Development ▪ Plata Mining Unit Exploration ▪ Brownfield expansion ▪ Victoria HS Gold ▪ Red Silver
Slide 9: Large Growing Resource
LARGE GROWING RESOURCE 1 Path to +6M AgEq oz by 2029 TANGANA PLATA 4.0 MT @ 7.8 Oz AgEq/t. +6.5Mt2 @ 7.24 oz AgEq/t. 31.5M AgEq Oz 43.7M AgEq oz REDSILVER CCASAHUASI +2.5 MT @ 13.25 oz +40k Au oz on surface AgEq/t. 33.63M AgEq oz New Tangana mill (1,500 tpd) PEA 2023 4.2M AgEq oz over 12 years LOM T
Slide 10: Nueva Recuperada Silver Gold Project
NUEVA RECUPERADA Technical Reports ▪ Sep 2025: PEA updated to 3.9 MT Measured & Indicated, 15.1 MT Inferred SILVER GOLD PROJECT ▪ Oct 2024: MRE updated to 4.3 MT Measured & Indicated, 17.2MT Inferred ▪ Apr 2023: PEA 3.6 MT Measured & Indicated, 11.9 MT Inferred Significant Potential for ▪ Jun 2022:
Slide 11: One of Peru's Most Prolific Silver Districts
ONE OF PERU’S MOST PROLIFIC SILVER DISTRICTS ▪ EDR acquired Kolpa for $2.92 per M&I AgEq Oz The Nueva Recuperada Property surrounds Endeavour ▪ AGX currently valued at $0.81 per M&I AgEq Oz Silver’s Minera Kolpa Project valued up to US$175M Kolpa’s projects, including Kolpa’s primary operating area,
Slide 12: 2025 Focus: Tangana Mining Unit
2025 FOCUS: TANGANA MINING UNIT The Tangana Mining Unit commenced commercial production in January 2023, with current production focusing on only 10% of the resource Possible new mill Tangana Possible dry-stacked tailings West Tangana Main Mining (Production) area Tangana East Tangana West Tangana M
Slide 13: 2025 Focus: Tangana Mining Unit
2025 FOCUS: TANGANA MINING UNIT TSX.V: AGX | OTC: AGXPF | FRA: AGX 13
Slide 14: Tangana: A Multi-Vein Deposit
TANGANA: A MULTI-VEIN DEPOSIT ▪ Over 40 veins and splits recognized, Silver, Gold, Lead & Zinc characteristics of the upper parts of epithermal 2.5 km and mesothermal systems ▪ System will deepen significantly. Exploration is only 4,950 masl scratching their apical parts. ▪ Resources estimate only i
Slide 15: Silver X's 2Q25 Production Volume & Financial Highlights
SILVER X’S 2Q25 PRODUCTION VOLUME & FINANCIAL HIGHLIGHTS For the three months ended June 30, 2025. Quarterly Production and AISC per AgEq 2Q23 through 2Q25 $5.9M Revenue -17% 2Q25 YoY Revenue 50,000 45,000 30.7 29.7 30.3 40,000 27.8 27.5 26.2 Adjusted EBITDA 35,000 23.5 23.5 -22% Ore 30,000 of $0.4M
Slide 16: 2025 PEA — 3,000 tpd, Annual Production +6M AgEq oz
2025 PEA — 3,000 tpd, Annual Production +6M AgEq oz Positive revised PEA results support two mining units, each with processing capacity of 1,500 tpd Mineral Resource Upgrade Extended Life of Mine (LOM) ▪ M&I Resources: 3.91 MT ▪ LOM: 14 years ▪ Inferred Resources: 15.11 MT ▪ Combined Capacity: 3,00
Slide 17: 2025 PEA — Plata Mining Unit: A High Grade Mine
2025 PEA — PLATA MINING UNIT A High Grade Mine Path To Transformational Growth Strategic Location ▪ 150 km east of Peru’s Pan American highway, easily accessible by paved road Extensive Vein System ▪ 3,829 hectares with 17 surface-exposed mineralized veins ▪ Veins range from 0.6 to 1.0 meters wide,
Slide 18: Plata: A Solid Resource, Open in All Direction
PLATA: A SOLID RESOURCE, OPEN IN ALL DIRECTION ESPERANZA 2001 VEIN LONG SECTIONS ▪ Historical mining was selective, cut- off grades exceeding 16 AgEq oz/Ton. ▪ The mineralization plunge exhibits a subvertical trend to the west. Mineralization open at depth ▪ Mineralization remains open at depth, wit
Slide 19: Outstanding Gold Targets: Victoria & Ccasahuasi
OUTSTANDING GOLD TARGETS: VICTORIA & CCASAHUASI Au (ppm) Terraspec Zoning 0.005 – 0.01 K Alunite Aln-Pyr-Dk 0.01 – 0.05 K Illite Kaolinite 0.05 – 0.10 Kaolinite 0.10 – 0.50 Montmorillonite 0.50 – 1.00 Silica Cross Section > 1.00 Mg Chlorite TSX.V: AGX | OTC: AGXPF | FRA: AGX 19
Slide 20: Building a Legacy in Huancavelica
BUILDING A LEGACY IN HUANCAVELICA Building a legacy in Huancavelica $ 2,800,000 99% in purchase of goods and of water is recirculated in our services from local suppliers underground operations 1,379,629 100% silver equivalent ounces compliance with processed in 2024 environmental requirements 300,0
Slide 21: Near Term Catalysts
NEAR TERM CATALYSTS ▪ Maintain capacity at ▪ Tangana EIA at 1,500 tpd, 600 tpd over 2025 expected 4Q25 Current Permits ▪ Achieve 720 tpd in Q4 ▪ Recuperada MEIA at 1,500 tpd Production ▪ Goal to reach AISC $23/AgEq oz expected in 2026-27 ▪ Ambitious drill campaign in 2025 ▪ Published Sep. 04, 2025 ▪
Slide 22: Management and Board of Directors
MANAGEMENT AND BOARD OF DIRECTORS Experienced Management and Board - Proven Track Record MANAGEMENT BOARD OF DIRECTORS José M. García | CEO & Director Francis Johnstone | Director Co-founder of predecessor company, Latitude Silver. +12 years as Investment Advisor to Baker Steel +20 years as Mining E
Slide 23: Capital Structure
CAPITAL STRUCTURE 17% insider ownership with strong institutional support Major SHARE STRUCTURE As of August 27, 2025 Shareholders 9% 6% Market Capitalization $73.4M Institutional Shares Outstanding 222.5M Management Warrants 1 37.4M Retail Options2 9.4M RSU’s 0.5M 85% Fully Diluted 269.7M Note: 1)
Slide 24: Contact Us
CONTACT US Jose Garcia | CEO j.garcia@silverxmining.com Investor Relations & Media ir@silverxmining.com Lima Office Vancouver Office Avenida Santo Toribio 115 Suite 1012 – Oficina 502B 1030 West Georgia St. San Isidro, Lima, 15073 Peru Vancouver, BC V6E 2Y3 Canada www.silverxmining.com @Silver_X_Min