Slide 1: Emerging Silver-Gold Mining Company: Rosario Mining District, Sinaloa, Mexico
EMERGING SILVER-GOLD MINING COMPANY: ROSARIO MINING DISTRICT, SINALOA, MEXICO DECEMBER 2020 TSX-V: GRSL OTCQB: GRSLF FRA: GPE 1 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT 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 belie
Slide 3: Why Invest in GR Silver Mining
WHY INVEST IN GR SILVER MINING Top-tier Management team: Extensive Mexican experience & track records in capital markets and M+A: • $Billions raised • $155M sale of Silvercrest (2015), $1.2Bn sale of Aurelian (2008), $710M sale of Cumberland (2007) Solid shareholder base: First Majestic, resourc
Slide 4: Creating Shareholder Value: Past, Present, and Future
CREATING SHAREHOLDER VALUE: PAST, PRESENT, AND FUTURE Low-Cost Acquisitions De-risking Assets Scalability SAN MARCIAL (2018) PLOMOSAS (2020) SAN MARCIAL + PLOMOSAS • US$0.13/oz AgEq acquisition cost • Extensive drilling database • Synergies + cost-effective approach 29 Moz Ag (Ind) • Infrastructure
Slide 5: Capital Structure
CAPITAL STRUCTURE Capitalization & Balance Sheet (Dec 2, 2020) Shares $9.1M Bought Deal closing Silver price rises Shares Outstanding 126,605,285 High-grade Plomosas drill results Warrants (avg. weighted price $0.33) 19,302,987 Options (avg. weighted price $0.38) 7,877,178 Plomosas Silver Project ac
Slide 6: Board & Management
BOARD & MANAGEMENT - Strong track record of global mining related M&A Marcio Fonseca, P.Geo., President and CEO Trevor Woolfe, VP Corporate Development and Exploration Blaine Bailey CPA, CFO BOARD OF DIRECTORS Marcio Fonseca, M+A, Investment Banking, Michael Thomson, Lawyer, Investment Banking, Geol
Slide 7: Rosario: Geological Setting Similar to Other World-Class Ag-Au Mexican Districts
ROSARIO: GEOLOGICAL SETTING SIMILAR TO OTHER WORLD-CLASS Ag-Au MEXICAN DISTRICTS We are the First Company to Control Key Assets in the Rosario Mining District WESTERN EDGE, SIERRA MADRE OCCIDENTAL (SMO) Prolific setting for world class Ag-Au deposits Plomosas Silver Project: Past-Producing Mine (NI
Slide 8: Similar Geological Setting to San Dimas
SIMILAR GEOLOGICAL SETTING TO SAN DIMAS SAN DIMAS MINING DISTRICT PLOMOSAS + SAN MARCIAL • +350 years history, +200 veins • Multimillion-ounce resource expansion and discovery potential *Source: First Majestic Silver Corp. website • Historical production: 11 Moz Au and 600 Moz Ag * 8 TSX-V: GRSL OTC
Slide 9: De-risked – Permitted and Positioned for High Value Return
DE-RISKED – PERMITTED AND POSITIONED FOR HIGH VALUE RETURN INTEGRATING TWO PROJECTS INTO A DEVELOPMENT-STAGE INVESTMENT OPPORTUNITY Plomosas San Marcial Synergies Low Sulphidation Epithermal Low Sulphidation Epithermal Similar mineralization, potentially allowing one Mineralization Style Veins & Bre
Slide 10: Plomosas Silver Project
PLOMOSAS SILVER PROJECT Large Mineralized Low Sulphidation Epithermal System New Discoveries: High Grade Ag-Au Veins + Polymetallic Disseminated Sulphides Surface + Underground Drilling in Progress Leveraging on >500 Existing Drill Holes 10 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 11: District-Scale Multiple Epithermal Systems – Drilling & Resource Expansion in Progress
DISTRICT-SCALE MULTIPLE EPITHERMAL SYSTEMS – DRILLING & RESOURCE EXPANSION IN PROGRESS SAN JUAN AREA Camp PLOMOSAS MINE AREA Mine Access Pb-Zn-Ag-Au Hydrothermal Breccia N-S Trends Low Sulphidation Veins & Stockwork 0 600M 11 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 12: Plomosas Mine Area - Expanded Mineralization Along-Strike/Down Dip + New Discoveries
PLOMOSAS MINE AREA - EXPANDED MINERALIZATION ALONG-STRIKE/DOWN DIP + NEW DISCOVERIES HIGH-GRADE Ag-Au VEINS & POLYMETALLIC Ag-Pb-Zn BRECCIA DISCOVERIES SELECTED NEWS RELEASE DRILL RESULTS (2020) Silver-Gold Low Sulphidation Polymetallic Epithermal Veins Discovery SD-45 SD-10 1.7 m at 26.9 g/t Au 51.
Slide 13: Plomosas Mine Area – Ag-Au Extensive Mineralized System
PLOMOSAS MINE AREA – Ag-Au EXTENSIVE MINERALIZED SYSTEM UNDERGROUND DEVELOPMENT IN PLACE READY TO DRILL • Mapping, sampling in progress; Drilling imminent • Discovery highlights include underground samples News Release Sep 28, 2020 25 Meters 15.7 m @ 90 g/t Ag, 2.5 g/t Au, 0.5% Pb, 1.3% Zn, 0.3% C
Slide 14: Opportunity to Expand Resource Area – Conceptual Model – Discovery Level 775
OPPORTUNITY TO EXPAND RESOURCE AREA – CONCEPTUAL MODEL – DISCOVERY LEVEL 775 Au g/t 10 5 45⁰Dip 1 * Pb-Zn-Ag- Au Breccia Trace on Surface RESOURCE EXPANSION DRILLING UG DEVELOPMENT 250 m Length Au Ag Cu Pb 600M Zn % m ppm ppm % % 1.00 37.5 287 1.1 0.5 1.1 14 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 15: Drone Image of the San Juan Area
Drone Image of the San Juan Area (looking to the NW) 15 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 16: San Juan – Presence of an Extensive Epithermal System
SAN JUAN – PRESENCE OF AN EXTENSIVE EPITHERMAL SYSTEM 16 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 17: San Juan – Discovery of Multiple High Grade Ag-Au Veins
SAN JUAN – DISCOVERY OF MULTIPLE HIGH GRADE Ag-Au VEINS – LARGE EPITHERMAL SYSTEM LCS 18-03 July 7, 2020 news release Au ppm Ag ppm Pb % Zn % 46.9 76 3.3 2.2 Au Ag Pb % Zn % Cu % ppm ppm 70.9 6438 0.02 0.5 0.2 17 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 18: San Marcial
SAN MARCIAL Potential Open Pit Development Underground Development for Resource Expansion Dec 18 2019 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 19: San Marcial – Attractive Potential Open Pit Project, New Drill Target Areas
SAN MARCIAL – ATTRACTIVE (POTENTIAL) OPEN PIT PROJECT, 14 NEW DRILL TARGET AREAS • Breccia-hosted Ag mineralization • 39 Moz Ag (Indicated + Inferred) • Wide, high-grade trenches along NI 43-101 compliant strike in the resource area • New Mineralized zone Discovered • 15 m @ 472 g/t Ag outside Resou
Slide 20: San Marcial – Ag Resource Expansion & Au Discoveries
SAN MARCIAL – Ag RESOURCE EXPANSION & Au DISCOVERIES New Mineralization Discovery 20 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 21: Plomosas + San Marcial: District-Scale Resource Expansion Potential
PLOMOSAS + SAN MARCIAL: DISTRICT-SCALE RESOURCE EXPANSION POTENTIAL EMERGING LARGE HIGH GRADE EPITHERMAL POLYMETALLIC SYSTEM RECENT EXPLORATION PROGRAM IDENTIFIED 23 ADDITIONAL DRILL TARGETS San Marcial: Time & Cost Effective Resource Expansion Plomosas: Historical Mine Site Revealing Geological Set
Slide 22: Timeline and Milestones
TIMELINE AND MILESTONES 6-9 Months 9-12 Months 12-24 Months New Resource Estimates Integration of San Marcial + Plomosas Definition of a District-Scale Ag-Au System New Au-Ag Discoveries Desktop Economic Studies Creating Value Through Resource Expansion + Discoveries 22 TSX-V: GRSL OTCQB: GRSLF FRA:
Slide 23: GR Silver Well-Positioned for Growth with Respect to EV
GR SILVER WELL-POSITIONED FOR GROWTH WITH RESPECT TO EV PEA 500.00 COMPANY $MARKET CAP As of Oct 5, 2020 NI 43-101 Resource Estimate 450.00 400.00 As of Oct 7,2020, GRSL.V TRADING AT $1.16/OZ* 350.00 ADJUSTED MEAN AT $2.00/OZ* 300.00 250.00 Exploration (no resource estimate) 200.00 150.00 100.00 50.
Slide 24: Summary
SUMMARY Excellent investment potential. Growth opportunity. • Highly accomplished Board and • Opportunity to invest in a • Rapid + low cost resource Management with extensive company driven to create expansion (fully funded) Mexican mining experience shareholder value by de-risking • 100% control of
Slide 25: Get in Touch
GET IN TOUCH GR Silver Mining Ltd. 999 West Hastings St., 9th Floor, Vancouver, BC, V6C 2W2 General Inquiries: +1-604-202-3155 Investor Relations: +1-604-558-6248 info@grsilvermining.com grsilvermining.com @GRSilverMining GR Silver Mining GR Silver Mining Ltd. 25 TSX-V: GRSL OTCQB: GRSLF FRA: GPE
Slide 26: Management Bios
MANAGEMENT BIOS President and CEO Marcio Fonseca P.Geo., 25 years mining & financial industry experience, Latin America; P.Geo, M.Sc., DIC Imperial College, UK - specialization in Economic Engineering. Investment banker with Macquarie Bank, Vale, Phelps Dodge. Transaction track record: Macquarie Ban
Slide 27: Notes
NOTES QA/QC (HISTORICAL HOLES) The drill holes completed by First Majestic in 2016-2017 and 2018 followed QA/QC protocols reviewed and validated by GR Silver Mining, including insertion of blank and standard samples in all sample lots sent to First Majestic’s Laboratorio Central facilities for sampl