Gr Silver Mining Ltd. · TSXV:GRSL
Gr Silver Mining — Investor Presentation (February 2026)
27 slides from Gr Silver Mining's investor presentation, February 2026
Slide 1: Silver Resource Growth in Mexico
SILVER RESOURCE GROWTH IN MEXICO CORPORATE PRESENTATION FEBRUARY 2026 TSXV | GRSL OTCQB | GRSLF DEU | GPE
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains “forward-looking statements” within the meaning of Canadian securities laws. Where For a more detailed discussion of risks and other factors that might impact future looking a forward-looking statement expresses or implies an expectation or belief as
Slide 3: Value Generation in a Silver Market
VALUE GENERATION IN A SILVER MARKET VALUE CREATION 4 MAJOR CATALYSTS PLANNED FOR 2026 134 Moz AgEq ( 2023 MRE ) 20,000m Resource Expansion Drilling Program Excellent Existing Infrastructure of Brown- fields Mine with permits offers re-start time Bulk Sample Test Mining (BSTM) efficiencies Advancing
Slide 4: GRSL Market Growth Trajectory
$GRSL MARKET GROWTH TRAJECTORY December 2025 CAD $20M Financing 1B Closed Market Capitalization (CAD$M) September 2025 800 5yr Drill Permit Received SMS25-09 75m @ 293g/t AgEq August 2025 500 CAD $13.8M Financing Closed ~ PEA Economics July 2025 150 New Management MRE Update BSTM 100 20,000m Resourc
Slide 5: Growth Performance: Delivering Shareholder Results & Increased Liquidity
GROWTH PERFORMANCE Delivering Shareholder Results & Increased Liquidity $GRSL 1 Year Chart February 10th, 2026 $GRSL +170.27% CAPITAL STRUCTURE Market Cap C$220M (Undiluted at $0.45) Cash* C$28.8M Warrants 119M (avg C$0.25) Shares O/S 508M JULY to NOVEMBER 2025, TOP 10 TSX.V Volume Trader with Avera
Slide 6: District Scale Upside Potential: Silver Resource Growth Opportunity
DISTRICT SCALE UPSIDE POTENTIAL Silver Resource Growth Opportunity - Resource Expansion - Infrastructure - Permits - Integration San Marcial Resource Area Ongoing Step-Out Drill Campaign Resource Extension N N GR SILVER MINING LTD. | CORPORATE PRESENTATION | FEBRUARY 2026 6
Slide 7: San Marcial Area: Largely Untested Geophysical Anomaly
SAN MARCIAL AREA Silver Discovery - Largely Untested Geophysical Anomaly Plomosas Mine Area* A A' San Marcial Area* 134M oz Ag Eq* (combined 43-101 MRE 2023) GR SILVER MINING LTD. | CORPORATE PRESENTATION | FEBRUARY 2026 7
Slide 8: San Marcial Area: Silver Discovery on the Edge of a New Porphyry System
SAN MARCIAL AREA Silver Discovery on the Edge of a New Porphyry System DISCOVERY SECTION Blue Sky Potential and Resource Growth ● Wide, silver-dominant hydrothermal breccias at shallow depths. ● Ongoing Step-out drilling confirming resource growth. ● Multiple Sub-parallel Silver Mineralized zones di
Slide 9: 20,000m Step-Out Drilling Program: Resource Expansion & Update
20,000m STEP-OUT DRILLING PROGRAM Resource Expansion & Update GR SILVER MINING LTD. | CORPORATE PRESENTATION | FEBRUARY 2026 9
Slide 10: Permitted Step-Out Drilling: De-Risking Resource Expansion
PERMITTED STEP-OUT DRILLING De-Risking Resource Expansion SE NW LONGITUDINAL SECTION SAN MARCIAL RESOURCE AREA DE-RISKING GR SILVER MINING LTD. | CORPORATE PRESENTATION | FEBRUARY 2026 10
Slide 11: Discovering Ounces Efficiently: Wide Silver Mineralized Zones
DISCOVERING OUNCES EFFICIENTLY Wide Silver Mineralized Zones AgEq Ounces Discovered per Metre Drilled 5000 oz/m 4000 oz/m 3000 oz/m 2000 oz/m 1000 oz/m 0 C$560M $580M $551M $220M $1.9B $440M *Market Cap Notes: Vizsla Silver data was taken from Vizsla Silver Technical Report with a report date of Feb
Slide 12: Plomosas Mine Existing Infrastructure
PLOMOSAS MINE EXISTING INFRASTRUCTURE GR SILVER MINING LTD. | CORPORATE PRESENTATION | FEBRUARY 2026 12
Slide 13: Fully Permitted Plomosas Mine: Bulk Sample Test Mining
FULLY PERMITTED PLOMOSAS MINE Bulk Sample Test Mining Ongoing Studies Targeting On-Site Pilot Plant • Ongoing engineering review targeting commencement of a BSTM program early in 2026 • Metallurgical studies Completed • 21 underground areas accessible for BSTM • Targeting Higher-Grade Ag Zones • Tar
Slide 14: Value Creation Road Map: Resource Growth & Project Development
VALUE CREATION ROAD MAP Resource Growth & Project Development Delivered 2026 Delivered Sept 2025 Dec 2025 Permitted Plomosas San Marcial Major Catalysts H2 2026 Underground Mine: H1 2026 Resource Update and PEA Bulk Sample Test Mining 20,000m of Step-out July 2025 San Marcial Secured Funding Enginee
Slide 15: Team Track Record
TEAM TRACK RECORD Discovery, Project Development and Global Mining M&A MARCIO FONSECA BOARD OF DIRECTORS PRESIDENT & CEO MINES ERIC ZAUNSCHERB EXECUTIVE CHAIR ERIC ZAUNSCHERB EXECUTIVE CHAIR MARCIO FONSECA PRESIDENT & CEO ROBERT PAYMENT CHIEF FINANCIAL OFFICER BRENT MCFARLANE DIRECTOR MINES DANIEL S
Slide 16: Capital Structure
CAPITAL STRUCTURE Basic Market Capitalization @ $0.45 (February 10th, 2026) C$220M $GRSL.V vs $SILJ One Year % Gained Average Daily Liquidity (Shares) 6.5M (July to December 2025) $SILJ 181.70% Warrants 119M $GRSL 170.27% (average weighted price C$0.25) $0.20 Options 10M (average weighted price C$0.
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS 20,000m Step-out Drilling, Expanding Wide High-Grade Silver Primary Targets 134 Moz AgEq and Growing with Planned 2026 MRE Low-Cost Per Silver Ounce Discovery (Leveraging from Discovery of High-Grade Wide Silver Mineralization) Advancing BSTM with Infrastructure and Permits 100
Slide 18: Contact Us
CONTACT US Investor Relations: Phone +1 236 270 2057 info@grsilvermining.com 409 Granville Street, 15th Floor Vancouver, BC, V6C 1T2 TSXV | GRSL OTCQB | GRSLF DEU | GPE GRSilverMining GR Silver Mining @GRSilverMining EXPLORE OUR PROJECTS ON
Slide 19: Appendix
APPENDIX
Slide 20: Resource Growth Potential Discoveries: San Marcial
RESOURCE GROWTH POTENTIAL Discoveries: San Marcial • Two distinct mineralized zones, spatially associated and controlled by a NE-SW structural trend that intersects major NW- SE regional structures • Geological modelling suggests that the Resource Area represents the upper portion of a much larger e
Slide 21: Resource Growth Potential Discoveries: San Marcial
RESOURCE GROWTH POTENTIAL Discoveries: San Marcial • Well-developed quartz-calcite stockwork epithermal-style zone, confirming the potential of the NE structural trend to host high-grade gold-bearing mineralization in the footwall beneath the Resource Area • The anomalous Cu and W grades establish a
Slide 22: Resource Growth Potential Discoveries: San Marcial
RESOURCE GROWTH POTENTIAL Discoveries: San Marcial • SMS25-09 intersected 75 m @ 293 g/t AgEq, including multiple intervals exceeding 1,000 g/t AgEq. • The hole tested 3D geophysical anomalies and successfully confirmed continuity of the main high-grade mineralized structures at least 100 m beyond t
Slide 23: Plomosas Project NI 43-101 Resource Statement
PLOMOSAS PROJECT NI 43-101 Resource Statement *MRE News Release Dated May 4th, 2023 GR SILVER MINING LTD. | CORPORATE PRESENTATION | FEBRUARY 2026 23
Slide 24: Plomosas Mine Historical Production (1986-2000)
PLOMOSAS MINE HISTORICAL PRODUCTION (1986-2000) As published in National Instrument (NI) 43-101 2023 Technical Report and Mineral Resource Update for the Plomosas Project, Gilles Arseneau, P.Geo., May 3, 2023 GR SILVER MINING LTD. | CORPORATE PRESENTATION | FEBRUARY 2026 24
Slide 25: Historical Plomosas Mine: An Opportunity
HISTORICAL PLOMOSAS MINE An Opportunity INITIATIVE TO CAPTURE VALUE • Existing infrastructure and fully owned land. • Mining licences, permits, agreements in place to operate mine and future plant. • Conservative resource estimation approach under review with updated geological modelling. • Discover
Slide 26: Team Track Record
TEAM TRACK RECORD Discovery, Project Development and Global Mining M&A Technical experience to evaluate exploration and operational assets from exploration stage to MARCIO FONSECA mining operations. Senior roles include Echo Bay Mines, SilverCrest Mines, Phelps Dodge, and PRESIDENT & CEO Vale in Lat
Slide 27: Board of Directors
BOARD OF DIRECTORS Strong History of Discovery, Development and Global M&A ERIC ZAUNSCHERB Previously served as Managing Director, Research – Metals & Mining Analyst at Canaccord Genuity where he Executive Chairman coordinated the firm’s global mining equity research team and is a Canadian geologist
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