Silver Mountain Resources, Inc. Class A · TSX:AGMR
Silver Mountain Resources, Inc. Class A — Investor Presentation (May 2026)
22 slides from Silver Mountain Resources, Inc. Class A's investor presentation, May 2026
Slide 1: Silver Mountain Resources Corporate Presentation
SILVER MOUNTAIN RESOURCES C O R P O R AT E P R E S E N TAT I O N / M AY 2 0 2 6 TSX: AGMR | OTCQB: AGMRF | BVL: AGMR TSX: AGMR | OTCQB: AGMRF | BVL: AGMR CORPORATE PRESENTATION | 1
Slide 2: Disclaimer
DISCLAIMER IMPORTANT – YOU MUST READ THE FOLLOWING BEFORE CONTINUING Technical Report in its entirety, including all assumptions, parameters, qualifications, limitations and methods factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. The informati
Slide 3: Location
LOCATION Yanacocha The Castrovirreyna Project is strategically Antamina Atacocha located in the Huancavelica Region of Central Peru. It consists of three mineral concession blocks hosting silver-rich, polymetallic veins and gold-rich breccias. AgMR plans to re-start Toromocho production at the Reliq
Slide 4: Investment Overview
INVESTMENT OVERVIEW High-Grade & Low-Tonnage1 Key Asset Advantage2 Expected Near Term Production SIZE GRADE 12.8 Moz AgEq 304 g/t AgEq M&I 16 Moz AgEq 284 g/t AgEq Inferred Significant Historic Resources3 Growth Potential 1. Refer to the full text of the Reliquias Technical Report for the assumption
Slide 5: Reliquias Project
RELIQUIAS PROJECT 1 Priority Targets Reliquias Mine: A polymetallic project with silver mineralization. Positioned strategically in a resource-rich area. Stage: Advanced Lithocap Cu Porphyry Caudalosa Mine: Previously operated mine Stage: Advanced with historic resources. Colquicuntur Target: A larg
Slide 6: Reliquias Project
RELIQUIAS PROJECT 1 Underground Mine well-equipped and with key permits in place, strategically supported for success. These components are intended to ensure safety, efficiency, and productivity. Comprehensive infrastructure includes: A reliable power supply line GENERAL Efficient water supply sy
Slide 7: Established Resources with Potential for Growth
ESTABLISHED RESOURCES 1 W I T H P OT E N T I A L F O R G R O W T H 3 2 The Reliquias Project offers potential for significant resource expansion through future drilling, possibility of extending known vein systems along strike and at depth. Numerous outcropping veins within the large 60,000-hectare
Slide 8: Organic Growth
ORGANIC GROWTH 1 A S TA G E D A P P R O A C H TO WA R D G R O W T H Aims for growth and profitability while emphasizing advanced exploration and sustainable mining practices. Expected Near Production Advanced Exploration Term Production Upside Exploration Projects Reliquias Mine Caudalosa Mine Colqu
Slide 9: Targeting Production
TARGETING PRODUCTION 1 2026 Mining Operations Initiated Mining activities are currently underway, in line with our 2026 operational timeline. Caudalosa Plant Rehabilitation in Progress The rehabilitation and recommissioning of the Caudalosa plant are actively progressing, aimed at enhancing processi
Slide 10: Reliquias Mine
RELIQUIAS MINE 1 1. All timelines are estimates and subject to change. See Forward-Looking Information on Page 2 of this presentation. Refer to the full text of the Reliquias Technical Report for the assumptions, qualifications and limitations relating to the Reliquias Project
Slide 11: Illustrative LOM Production Profile
ILUSTRATIVE LOM PRODUCTION PROFILE 1 CAPEX AND PRODUCTION FORECAST Production / Year _ 2.8 2.6 2.6 2.5 2.3 2.3 _ 2.4 2.2 _ 2.0 1.6 _ 1.6 1.3 _ 1.2 CAPEX $25.6M _ 0.8 [Moz Silver AgEq] 0 1 2 3 4 5 6 7 8 [Year] 1. Refer to the full text of the Reliquias Technical Report for the assumptions, qualificat
Slide 12: Reliquias & Caudalosa Mines: Mineral Value Distribution
RELIQUIAS & CAUDALOSA MINES M I N E R A L VA L U E D I S T R I B U T I O N 1 3 Caudalosa Mine 2 Reliquias Mine Copper 3.1% Lead 4.6% Lead Zinc 8.9% 4.9%Lead Copper 10.6% Gold 7.7% 9.3% Zinc 9.9% Zinc Silver Silver 14.3% 64.5% Silver Copper 82.8% 62.8% 16.6% 1. Silver equivalent values and value dist
Slide 13: Mine Plan & Treatment
MINE PL AN & TRE ATMENT PL AN VIE W BY ZONES ZONE 6 PER ZONE 5 MTS - W ZONE 7 ZONE 1 AYA - W MTS - E ZONE 8 ZONE 2 VUL SOR ZONE 3 PAS SCS - W1 BEA AYA - E ZONE 4 SCS - W2 MTC- W1 MTC - E PZR ZONE 9 MTC - W2 ZONE 12 SCS - C ZONE 13 ZONE 11 SCS - E1 SCS - E2 SCS - E3 ZONE 10 NAT TSX: AGMR | OTCQB: AGM
Slide 14: Reliquias Project Upside Potential
RELIQUIAS PROJECT Lithocap 1 Cu Porphyry U P S I D E P OT E N T I A L Reliquias Underground • Potential mineral resources distributed over 10 veins. • Excellent mineral upside and life-of-mine potential. Caudalosa - Poetas Corridor • About 3.5 strike-length mineralized corridor with at least six vei
Slide 15: Diamond Drilling Program: Reliquias Project
DIAMOND DRILLING PROGRAM RELIQUIAS PROJECT 1 DDH Project - Sacasipuedes vein Potential: 820,845 Tm, @5.34 Oz/t Ag, 1.84% Zn, 1.18% Pb, 0.15% Cu, 0.46 ppm Au. (2) The drilling program comprises 6,778 meters , initiated from Levels 340, 440, 480 and 520. In addition, a 70-meter crosscut with a drill c
Slide 16: Diamond Drilling Program: Caudalosa Project
DIAMOND DRILLING PROGRAM C A U D A LO S A P R O J E C T 1 Potential: 1’910,919 Tm, @6.46 Oz/t Ag, 2.60% Zn, 2.23% Pb, 1.55% Cu, NSR 283 P1 The drilling program comprises 21,012 meters(2) in 2 phases, P2 completed from surface platforms. P2 P5 Rp 4600m P6 DDH Projects - 2026 P4 1. Refer to the full t
Slide 17: Colquicuntur
COLQUICUNTUR Potential for copper porphyry targets at depth. TA R G E T H I G H L I G H T S Greenfields Opportunities Beyond The Reliquias Mine Several breccia events identified to date. Reliquias Block consists of over 20,000 hectares 1 of highly prospective mineral concessions surrounding Notable
Slide 18: Valuation per Ounce Produced
VALUATION PER OUNCE PRODUCED Significant Re-Rate Potential as We Move Towards Production ENTERPRISE VALUE (CAD) / ANNUAL AGEQ PRODUCTION (ESTIMATED 2027) $604 $600 $545 EV / Annual Production 2027 $400 $379 $357 $326 Average $315 ~3x to reach average $285 $244 $228 $213 $200 $136 $125 $121 $136 – AY
Slide 19: Valuation per Ounce
VALUATION PER OUNCE Significant Re-Rate Potential as We Move Towards Production ENTERPRISE VALUE (CAD) / M&I SILVER-EQUIVALENT OUNCES $40.0 $33.9 $30.0 $20.3 $20.0 $19.2 $16.9 $12.6 $12.5 $12.0 $10.0 $7.8 $7.5 $5.8 – FIRST MAJESTIC SILVERCREST MAG SILVER SIERRA MADRE GATOS GUANAJUATO AMERICAS GOLD &
Slide 20: Market Stats & Capital Structure
MARKET STATS 2.1% 2.4% & C A P I TA L S T R U C T U R E 5 3.0% As of M a y 29, 2026 3.1% Shares Outstanding 64.6M 1 3.5% Stocks Options 0.9M 3.6% 2 Warrants 20.5M 4.2% Eric Sprott 3 RSUs 0.4M Other 4.6% Market Capitalization4 C$ 304M Other 56.6% 54.7% 5.8% Cash Position5 C$ 46.7 M 1. 2. Stock Option
Slide 21: Board of Directors & Management Team
BOARD OF DIRECTORS & MANAGEMENT TEAM Directors Jose Vizquerra, Chairman Former President & CEO at O3 Mining. Former Exc. VP of Strategic Development for Osisko Gerardo Fernandez, Independent Director Mining Former Head of BD for Cia. de Minas Buenaventura. Former Production and Broad experience in s
Slide 22: Silver Mountain Resources
S I LV E R M O U N TA I N R E S O U R C E S W W W. A G M R . C A
Silver Mountain Resources — Investor Presentation (May 2026) on 6ix