Safi Silver Corp. · TSXV:SF
Safi Silver — Investor Presentation (October 2026)
24 slides from Safi Silver's investor presentation, October 2026
Slide 1: Establishing Morocco's Next Silver District
safisilver.com Establishing Morocco’s Next Silver District TSX - V: SF Corporate Presentation October 2026
Slide 2: Disclaimer
Disclaimer TECHNICAL INFORMATION This presentation contains ''forward - looking information'' which may include, but is not limited to, statements with respect to the future financial or operating performance of Safi Silver Corp. and its subsidiaries (collectively, the ''Company'') and its mineral p
Slide 3: Catalyzing the Next Phase of Growth
Catalyzing the Next Phase of Growth MOROCCO Addana project (Ag, Pb) Silver Hill project (Cu, Ag, Co) Following the sale of the Kombat Mine* to Horizon Corporation, Safi Silver Corp. is now fully focused on exploration across its portfolio. Exploration continues at the Addana and Silver Hill projects
Slide 4: Morocco: Legacy, Stability, and Investment Growth
Home to Africa’s Largest Silver Mine Morocco hosts Africa's largest silver mine, Imiter . Operated by Managem Group, Imiter is one of the rare mines globally where silver occurs in its free elemental form. Combined with Zgounder (operated by Aya Gold & Silver), Morocco's world - class operations val
Slide 5: Highly Prospective Exploration Projects in Morocco
Highly Prospective Exploration Projects in Morocco Addana Project MOROCCO o Seven exclusive prospecting licences encompassing 112 km² in the Addana Mountains of southern Morocco. o Located near Akka in the Tata province, the project lies 300 km south of Agadir along the Agadir - Tata route, in a reg
Slide 6: Kombat Mine Transaction
Kombat Mine Transaction Summary APRIL 2026 JULY 2026 OCTOBER 2026 Every 3 months thereafter JAN 2028 Projected Payment Timeline US$ 24 million Total: US$ 24M US$ 3M US$ 3M US$ 3M Installments 4 - 8 First Installment Second installment Third installment (US$ 3M each) received received received (1/8 t
Slide 7: The Addana Footprint: Massive Silver Polymetallic System
Tamdoult Addana Project The Addana Footprint: Massive Silver Polymetallic System Seven Addana Permits 6 TSX - V: SF CORPORATE PRESENTATION
Slide 8: Geologic Model for Addana Silver Polymetallic System
Geologic Model for Addana Silver Polymetallic System Veins propagated upwards along the pre - existing structural framework and developed differently in different rock types. Modeled Vertical Zonation at Addana Hill: Ag - Pb known mineralization at surface, likely evolves to Ag - Cu potential at dep
Slide 9: Addana Regional Surface Geological Map
Addana Regional Surface Geological Map A system with multiple mineralized targets 1 2 3 District scale 1 Southwest Addana (pg. 9) ROCK UNITS LEGEND Numerous targets mapped across the Quartzite & sandstone Study area Addana district. Addana sandstone Mineralized area 2 Central Plateau deposit (pg. 11
Slide 10: Addana Southwest proposed drillholes
Addana Southwest 7 proposed drillholes 1260m Length: 2.6km Width: 800m The current campaign is targeting a portion of the SW1 area; however, satellite imagery indicates visible vein structures across the broader area, showing the potential for additional mineralization beyond the current drill targe
Slide 11: Antenna Hill proposed drillholes
Antenna Hill 900m 5 proposed drillholes Grab Samples Collected from historic waste material T1: 317 g/t silver and 22.6% lead T2: 99 g/t silver and 9.5% lead T3: 564 g/t silver, 24.8% lead and 5.3% zinc Addana Project 10 TSX - V: SF CORPORATE PRESENTATION
Slide 12: Veins SW of Antenna Hill
Veins SW of Antenna Hill Historic diggings southwest of the Antenna Hill Identified using satellite imagery • 3N: 230m x 600m – 25 veins • 3S: 200m x 600m – 19 veins Addana Project 11 TSX - V: SF CORPORATE PRESENTATION
Slide 13: On the Ground in Morocco – Addana Project
On the Ground in Morocco – Addana Project Mobilizing rig to Southwest Addana area Building core shack and site base Drilling at Southwest area – hole 1 to 7 XRF on core Old workings – Antenna hill area Drilling at Antenna hill – hole 1 to 5 12 TSX - V: SF CORPORATE PRESENTATION
Slide 14: New Discovery Amidst Ancient Workings
Silver Hill Project New Discovery Amidst Ancient Workings Anti - Atlas Land Position 16 km² property in the Anti - Atlas region of Morocco Situated in an area of rising investor interest Leverage to regional exploration activity Potential for future consolidation opportunities Proven Neighbo
Slide 15: Success Next Door
Imiter (Managem ) TSX: AYA Market Cap: ~ C$ $5.3B Boumadine (AYA) Success Next Door Silver Hill Project Project's Outlook for Silver and Copper Boumadine (Aya Gold & Silver) Imiter (Managem Group) Silver Hill Project A polymetallic (silver - gold - zinc - lead) development The Imiter Mine, operated
Slide 16: Silver Hill Project: Work to Date
Best Holes Silver Hill Project: Work to Date Hole Interval Ag (g/t) Cu % S1 14 metres 74 1.08 S3 7 metres 48.6 0.75 S13 8 metres 121 1.77 S23 32 metres 28 0.77 S24 30 metres 21 0.73 S27 5 metres 33.6 1.4 Trench near S9 2.7% copper over 13 metres, with 34.5 g/t silver and 82 ppm cobalt. S9: 31 metre
Slide 17: Going Forward: Does the mineralization continue?
Silver Hill Project Going Forward: Does the mineralization continue? Proposed drillholes Cross Section of Fence Drilling S27 Proposed drillholes A 150 m four - hole fence (S13, S14, S15, S27) tested the geometry Proposed drill plan of the system. Vertical hole S27, drilled entirely in sandstone, ret
Slide 18: S22 - S25 section
Silver Hill Project S22 - S25 section Proposed drillholes Cross Section of Fence 4 Drilling Proposed drillholes Fence 4, the easternmost of four fences, tested the geometry and Proposed drill plan extent of the system. All four holes intersected Cu –Ag mineralization, two over about 30 m continuousl
Slide 19: S9 section
Silver Hill Project S9 section Proposed drillholes Eastern sector near drill hole S9 Proposed drillholes Intersected vein The IP survey shows a chargeability anomaly at S9 that comes close Proposed drill plan to surface and appears to strengthen at depth, which supports a deeper test of the structur
Slide 20: Silver Outlook
Silver Outlook Structural deficit + Industrial demand + Flat supply = Exploration opportunity Industrial Demand Industrial uses account for nearly 60% of silver demand. Growth is now led by AI data centers, automotive electronics and power grid investment, while solar manufacturers are using less si
Slide 21: Board of Directors and Management
Board of Directors and Management Jed Richardson Dr. Andreas Rompel Tom Panoulias Ali Mlali PRESIDENT AND CEO CHIEF EXPLORATION OFFICER VP CORPORATE DEVELOPMENT COUNTRY MANAGER Mr. Richardson, a qualified mine engineer, Mr. Panoulias is a seasoned capital markets Ali Mlali brings over 30 years of mi
Slide 22: Capital Structure Contact
Capital Structure Contact TSX - V: SF Safi Silver Corp. ir@safisilver.com 658 Lansdowne Avenue safisilver.com Share Price: C$ 0.36 Toronto, Ontario, Canada Market Cap: C$ 20.1M M6H 3Y8 Common Shares: 56.6M Follow Us Warrants ($0.25 - $0.50): 2.7M Jed Richardson Options ($0.25 - $1.70): 3.6M Presiden
Slide 23: Kalahari Copper Project
Namibia Kalahari Copper Project 765,498 hectares of exploration licences in Namibia’s Kalahari Copper Belt, acquired in 2023, a region home to some of the world’s largest copper deposits. Potential to discover large-scale copper resources, similar to nearby discoveries. Safi Silver EPLs renewe
Slide 24: Defining High-Priority Drill Targets
Defining High - Priority Drill Targets Drone Aeromagnetic Survey Completed over key area of the Kalahari Copper Project. 3D Inversion & Interpretation identified highly prospective exploration targets. Survey area chosen for favourable stratigraphy and proximity to Fiesta - Fortuna Prospect (N