Slide 1: Corporate Presentation
CORPORATE PRESENTATION MARCH 2021 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
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
Slide 3: Control of Key Ag-Au Mining Assets, Rosario Mining District
CONTROL OF KEY Ag-Au MINING ASSETS, ROSARIO MINING DISTRICT - MEXICO RESOURCE EXPANSION & DISCOVERIES 2021 NI 43-101 29 Moz Ag (Ind) + 10 Moz Ag (Inf) 1 2 Mineralized 3 Trends Ag-Au Quartz Veins Old Workings New Exploration Drilling Targets 3 CONSOLIDATION OF OWNERSHIP Ag-Au DISTRICT
Slide 4: Rosario Mining District – Historical Multi-Million Ounce Ag-Au Mines
ROSARIO MINING DISTRICT – HISTORICAL MULTI-MILLION OUNCE Ag-Au MINES v SUCCESFUL CONSOLIDATION 1,330 km2 (March 2021)* Ø 24 Ag-Au Epithermal Veins – Old Workings Ø 75 km of Historic Mineralized Trend (100% Control) Ø 2 Past Producing Mines (Plomosas and La Trinidad) v MAJOR CATALYSTS Ø Plomosas Silv
Slide 5: Resource & Development Stage Projects & Discoveries
PLOMOSAS Ag PROJECT, SAN MARCIAL & ACQUISITONS RESOURCE & DEVELOPMENT STAGE PROJECTS & DISCOVERIES v 100 % Control of Mineralized Trend Plomosas – San Marcial Ø First Company to Control Most Important Mining Assets in the Rosario Mining District Ø 2 Fully Permitted Projects - Past Producers (Plomosa
Slide 6: Plomosas Mine Area – Large High Grade Ag-Au Epithermal System
PLOMOSAS MINE AREA – LARGE HIGH GRADE Ag- Au EPITHERMAL SYSTEM SELECTED RECENT NEWS RELEASE DRILL RESULTS Polymetallic Discovery PLI20-04 83.0 m @ 2.5 g/t Au, 33 g/t Ag, 0.9% Pb, 2.9% Zn, 0.3% Cu Including: 11.0 m @ 9.4 g/t Au, 135 g/t Ag, 5.7% Pb, 9.8% Zn, 0.5% Cu PLI20-05 1.0 m @ 9.0 g/t Au, 136 g
Slide 7: Plomosas Mine Area: New Discoveries – 2021 Drilling Program
PLOMOSAS MINE AREA: NEW DISCOVERIES – 2021 DRILLING PROGRAM NEW TARGETS FOR 2021 THIRD PARTY INDEPENDENT REVIEW OF GEOPHYSICAL DATA IDENTIFIED SHALLOW DRILLING TARGETS NEAR PLANNED RESOURCE AREA AT PLOMOSAS 7
Slide 8: Plomosas Mine Area – Infrastructure in Place
PLOMOSAS MINE AREA – INFRASTRUCTURE IN PLACE • Fully Permitted for Production • Potential Low Capital Intensity for Development & Production • New Discoveries Outlining Extensive Mineralized System • Maiden NI 43-101 Resource Q2/2021 8
Slide 9: San Juan Area – Ag-Rich Epithermal System
SAN JUAN AREA – Ag-RICH EPITHERMAL SYSTEM SAN JUAN AREA • Proximity to Plomosas Mine Area - Permitted • Large Mineralized Footprint (2 km long) • 6 Ag-Au rich Epithermal Veins • Drilling & Resource Estimation Underway 9
Slide 10: San Marcial – Drilling & Resource Expansion Along Strike and Down-Dip
SAN MARCIAL – DRILLING & RESOURCE EXPANSION ALONG STRIKE AND DOWN-DIP POTENTIAL FOR FUTURE OPEN PIT DEVELOPMENT Ag-rich Hydrothermal Breccia Hosting Mineralization Common Presence of Wide, High-grade Intersections Near Surface 15 m @ 472 g/t Ag 12 m @ 323 g/t Ag 24 m @ 219 g/t Ag 56 m @ 196 g/t Ag 1
Slide 11: San Marcial: Discoveries – Resource Expansion 2021
SAN MARCIAL: DISCOVERIES – RESOURCE EXPANSION 2021 SM-10-15 @ 54.60m Hydrothermal breccia Ag g/t Zn % Pb % Au g/t 3,720 0.2 0.1 0.15 Underground Development Ground Geophysical Program IP & Mag 11 All numbers are rounded. Results are uncut and undiluted
Slide 12: Timeline & Milestones
TIMELINE & MILESTONES 3-6 Months 9-12 Months 12-24 Months New Resource Estimates District-scale Ag-Au System Full Integration of All Projects Continuous Au-Ag Discoveries Creating Value Through Low Acquisition Costs Economic Studies Resource Expansion + Engineering + Discoveries 12
Slide 13: Capital Structure
CAPITAL STRUCTURE Capitalization & Balance Sheet (March 19, 2021) Shares Shares Outstanding 131,813,434 $9.1M Bought Deal closing Silver price rises Warrants (avg. weighted price $0.38) 15,470,387 High-grade Plomosas drill results Options (avg. weighted price $0.45) 9,947,356 Plomosas Silver Fully d
Slide 14: Highlights
HIGHLIGHTS v Leading silver-gold resource expansion & development stage company in the Rosario Mining District v Advanced surface and underground core drilling program at the Plomosas Project with the objective of completing 10,000 m in Q1/2021 v Initiated two resource estimates at the Plomosas Proj
Slide 15: Board & Management
BOARD & MANAGEMENT Strong track record of global mining related M&A Marcio Fonseca, P.Geo., President and CEO Trevor Woolfe, BSc.(Hons)(Geo) VP Corporate Development Blaine Bailey CPA, CFO Honza Catchpole, PhD., P.Geo., VP Exploration Brenda Dayton, BA., VP Corporate Communications BOARD OF DIRECTOR
Slide 16: Well Positioned for Growth
WELL POSITIONED FOR GROWTH TRADING AT A DISCOUNT TO PEERS & MEAN ENTERPRISE VALUE/OUNCE SILVER 3 YEAR ANALYSIS Enterprise Value/Ounce Ag Silver Resource Companies Trended Upward Along With Silver Price Global Resources Peer Valuations 3 Yr Average (M+Ind+Inf) EV/oz of US$2.08/oz v GR Silver trading
Slide 17: Contact Us
CONTACT US GR Silver Mining Ltd. 999 West Hastings St., 9th Floor, Vancouver, BC, V6C 2W2 General Inquiries: +1-604-202-3155 info@grsilvermining.com grsilvermining.com @GRSilverMining GR Silver Mining GR Silver Mining Ltd. PLOMOSAS MINE –LEVEL 775 17