Slide 1: A Significant Silver District in Peru
A SIGNIFICANT SILVER DISTRICT IN PERU Corporate Presentation | August 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. 0.2-0.3x P/NAV 1.20 Advancing the Nueva Recuperada Silver Project — a 20,472-hectare, 1.00 0.96 district-scale lan
Slide 5: The Value Opportunity: Unlocking a Silver District
THE VALUE OPPORTUNITY: UNLOCKING A SILVER DISTRICT § Tangana producing at 600 tpd, Expanding to 720 tpd (~2Moz Ag Eq/yr) Increasing § Plata Mine Unit expected to come online in 2027 Production § OBJECTIVE 3,000 tpd by 2028 (~7-8 Moz Ag Eq/yr) § Outstanding Resource, More than 22Mt of high-grade Grow
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 digital economy from smart phones and laptops, to battery electric vehicles (BEVs) of global
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 20,472-Hectare Fully Permitted District-Scale Land Package in Central Peru NUEVA RECUPERADA DISTRICT NUEVA RECUPERADA SILVER & GOLD PROJECT Production § Tangana Mining Unit Development § Plata Mining Unit Exploration § Brownfield expansion § Vict
Slide 9: Large Growing Resource
LARGE GROWING RESOURCE Path to > 7 Moz Eq by 2028 TANGANA PLATA >10.4 Mt @ 7.24 oz Ag/t. >6.5 Mt @ 7.24 oz Ag/t. NUEVA RECUPERADA DISTRICT 75.8 Moz AgEq 43.7 Moz AgEq at 2025 prices REDSILVER CCASAHUASI >2.5 Mt @ 13.25 oz >40k oz Au on surface Ag/t. 33.63 Moz AgEq Tangana to 1,500 tpd, new mill. PEA
Slide 10: Nueva Recuperada Silver Project
NUEVA RECUPERADA § Oct 2024: MRE updated to 4.3Mt Measured & Indicated, 17.2Mt Inferred § Apr 2023: PEA - Technical Report for the Nueva Recuperada Project, Peru – SILVER PROJECT 3.61 metric tonnes Measured & Indicated, 11.89 metric tonnes Inferred § Jun 2022: Technical Report for the Nueva Recupera
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 Ag Eq Oz The Nueva Recuperada Property surrounds Endeavour § AGX currently valued at $0.81 per M&I Ag Eq Oz Silver’s Minera Kolpa Project valued up to US$175M Kolpa’s projects, including Kolpa’s primary operating are
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 10.5 km Tangana West T
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 1Q25 Production Volume & Financial Highlights
SILVER X’S 1Q25 PRODUCTION VOLUME & FINANCIAL HIGHLIGHTS For the three months ended March 31, 2025. Quarterly Production and AISC per Ag Eq 1Q23 through 1Q25 $5.3M Revenue +10% 1Q25 YoY Revenue 50,000 45,000 30.7 29.7 40,000 27.8 27.5 26.2 35,000 25.4 23.5 23.5 Adjusted EBITDA 30,000 +6% Ore 25,000
Slide 16: 2023 PEA - Tangana to > 4.2 Moz AgEq
2023 PEA - TANGANA to > 4.2 Moz AgEq Positive PEA results support the Tangana investment with a combined total processing capacity of 1,500 tpd Mineral Resource Upgrade Life of Mine (LOM) § M&I Resources: 3.61 Mt § Life of Mine (LOM): 12 years § Inferred Resources: 11.89 Mt § Capacity 1,500 tpd Base
Slide 17: 2025 PEA & Plata
2025 PEA & PLATA 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, connected to
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 weas selective, cut- off grades exceeding 16 OzAgEq/Ton. § The mineralization plunge exhibits a subvertical trend to the west. Mineralization opened at depth § Mineralization remains open at depth, w
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 $ 3,100,000 99% in purchase of goods and of water is recirculated in our services from local suppliers. underground operations. 1,136,268 100% silver equivalent ounces compliance with produced in 2023. environmental requirements. 18
Slide 21: Building a Legacy in Huancavelica
BUILDING A LEGACY IN HUANCAVELICA TSX.V: AGX | OTC: AGXPF | FRA: AGX 21
Slide 22: Near Term Catalyst
NEAR TERM CATALYST § Expected Q3 § Tangana at 1,500 tpd, § 3,000 tpd, 12 years LOM expected Q4 2025 PEA 2025 Permits § Annual production § Recuperada at 1,500 tpd above 7Moz AgEq expected in 2026-27 § Ambitious drilling campaign in 25 § Maintain full capacity at 600tpd over 2025 § Targeting a 250+ M
Slide 23: 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 24: Capital Structure
CAPITAL STRUCTURE 17% insider ownership with strong institutional support Major SHARE STRUCTURE As of July 8, 2025 Shareholders 9% 6% Market Capitalization $66.7M Institutional Shares Outstanding 222.5M Management Warrants1 37.5M Retail Options2 6.5M RSU’s 0.5M 85% Fully Diluted 266.9M Note: 1) C$0.
Slide 25: 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