Slide 1: Expanding Resources in Mexico
EXPANDING RESOURCES IN MEXICO CORPORATE PRESENTATION September 2023 TSXV|GRSL OTCQB|GRSLF FRA|GPE
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains “forward-looking statements” within the meaning of Canadian securities For a more detailed discussion of risks and other factors that might impact future looking statements, see the laws. Where a forward-looking statement expresses or implies an expec
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS DELIVERING ON OUR STRATEGY TO CONTROL THE ROSARIO MINING DISTRICT PROJECT – Our prospective Plomosas Project includes 432 km2 core concessions PLACE – Located in the historic Rosario Mining District in the Sierra Madre Occidental of Mexico PEOPLE – Exceptional leadership team a
Slide 4: District Scale Strategic Assets
DISTRICT SCALE STRATEGIC ASSETS PLOMOSAS PROJECT • 432 km2 core concessions • Developing the resource base at San Marcial and Plomosas Mine Areas • Portfolio of permitted, near term development-stage assets including the Plomosas Mine and La Trinidad OTHER AREAS • Non-core concessions of 302 km2 pro
Slide 5: Plomosas Project
PLOMOSAS PROJECT MULTIPLE Ag-Au-Pb-Zn-Cu SYSTEMS ➢ SUCCESSFUL RESOURCE EXPANSION Plomosas 2022-2023 ➢ 2023 STEP-OUT DRILLING EXPANDING San Marcial RESOURCES ➢ NEW DISCOVERIES 2022-2023 SE Area Trinidad ➢ A REGIONAL SCALE MINING DISTRICT DEFINED ➢ 100% OWNERSHIP CONTROLLING ALL EXISTING DISTRICT MINE
Slide 6: Resource Growth: Plomosas Longitudinal Section
RESOURCE GROWTH PLOMOSAS LONGITUDINAL SECTIONGR SILVER MINING LTD RESOURCE GROWTH 2021 IDENTIFIED NEW WIDE, HIGH-GRADE SILVER MINERALIZATION 2022 WITH 150 200.0 UPSIDE POTENTIAL ON EXISTING PLOMOSAS PROJECT LOW-GRADE CUMULATIVE DRILLING RESOURCE BLOCKS * 2022 (pending assays) 180.0 130 60,000 600 16
Slide 7: Plomosas Project: Integrated Mineral Resource Estimate for 3 Areas
PLOMOSAS PROJECT EXPLORATION MODEL SUCCESS & INTEGRATED MINERAL RESOURCE ESTIMATE FOR 3 AREAS PLOMOSAS MINE 31 Moz AgEq Indicated SAN JUAN – LA COLORADA 17 Moz AgEq Inferred 2 Moz AgEq Indicated 16 Moz AgEq Inferred SAN MARCIAL 52 Moz AgEq Indicated 16 Moz AgEq Inferred ❖ Delineation of wide continu
Slide 8: Plomosas Project NI 43-101 Resource Statement
PLOMOSAS PROJECT NI 43-101 RESOURCE STATEMENT SAN MARCIAL/PLOMOSAS/SAN JUAN-LA COLORADA* TOTAL RESOURCES STATEMENT Resource Tonnage Ag Au Pb Zn Cu AgEq Ag Au Pb Zn Cu AgEq Type Category MT g/t g/t % % % g/t Moz Koz Kt Kt Kt Moz Indicated OP 11 138 0.07 0.3 0.4 0.01 169 47 22.9 31 43 1 58 Inferred OP
Slide 9: San Marcial Southeast Area Discovery
SAN MARCIAL SOUTHEAST AREA DISCOVERY RESOURCE EXPANSION 2023 La Trinidad Microdiorite Granodiorite NEW EXPLORATION TARGETS El Tecuan + + ++ + + + La Tigra NE Fault Las Uvas San + +++ Marcial Limoncillos TARGET CONTACT Ag ANOMALY – SURFACE 2023 NI 43-101 + + ROCK SAMPLING + ++ SE AREA DISCOVERY 2022
Slide 10: San Marcial Area Step Out Drill Program
SAN MARCIAL SOUTHEAST AREA DISCOVERY RESOURCE EXPANSION 2023 AREA STEP OUT DRILL PROGRAM UNDERWAY TO EXPAND RESOURCE ALONG STRIKE Drill testing extension of SE Area discovery >300m further SE along Target Contact Ag ANOMALY – SURFACE ROCK SAMPLING - favourable structural setting - proximity to intru
Slide 11: San Marcial Area 2023 Step Out Drilling
SAN MARCIAL AREA 2023 STEP OUT DRILLING CONFIRMS EXPANSION ALONG STRIKE Drilling underway to expand >300m to SE outside previous drilling along Target Contact 11 GR SILVER MINING LTD. | CORPORATE PRESENTATION | SEPTEMBER 2023
Slide 12: San Marcial 3D Geological Model
NW SE SAN MARCIAL 3D GEOLOGICAL MODEL SOUTHEAST AREA RESOURCE Underground Tunnel EXPANSION 2023 2019 Resource SMS23-02 SMS23-03 Wide high-grade silver SMS23-04 Resource Area SMS23-01 SMS23-05 discoveries Area Upside potential along strike and down-dip 11m @584g/t Ag New sub-parallel breccias definin
Slide 13: Our Plomosas Project
OUR PLOMOSAS PROJECT ➢ Existing infrastructure including road access, power to site, 7.4 km underground development at Plomosas, and fully owned land ➢ Mining licences and 20-year exploration and exploitation agreements with ejidos in place ➢ A pool of talented, hard-working Mexican professionals an
Slide 14: Our Priorities
OUR PRIORITIES ENVIRONMENT Committed to achieving zero significant environmental incidents through responsible and safe practices SOCIAL RESPONSIBILITY We are dedicated to our community engagement activities, ensuring we benefit our neighbours GOVERNANCE We encourage a diverse and inclusive workplac
Slide 15: Company Snapshot
COMPANY SNAPSHOT CAPITAL STRUCTURE OWNERSHIP Shares Issued & Outstanding 268,677,306 Warrants 54,945,157 INSTITUTIONS (average weighted price C$0.23) & FUNDS* 19.1% Options 8,200,000 FIRST (average weighted price C$0.42) MAJESTIC 8.2% Fully Diluted Shares Outstanding 331,822,463 MANAGEMENT & INSIDER
Slide 16: GR Silver Is Trading at a Significant Discount to Peers
GR SILVER IS TRADING AT A SIGNIFICANT DISCOUNT TO PEERS ENTERPRISE VALUE PER IN SITU SILVER OUNCE M+IND BASIS $4.00 ✓ GR Silver’s current compliant resource $3.50 $3.47 estimate include the San Marcial, Plomosas $3.00 and San Juan - La Colorada areas ✓ Our exploration focus is on new high-grade $2.4
Slide 17: Experienced Management
EXPERIENCED MANAGEMENT ERIC ZAUNSCHERB Geologist with over 30 years experience as a mining equity analyst. Previously Managing Director, Research – Metals & CHAIRMAN & CEO Mining Analyst at Canaccord Genuity. Eric holds the Chartered Financial Analyst designation MARCIO FONSECA Technical experience
Slide 18: Diverse Board of Directors
DIVERSE BOARD OF DIRECTORS STRONG TRACK RECORD OF GLOBAL MINING • Chairman • Geologist with over 30 years experience as a mining equity analyst. Previously served as Managing Director, Research – Metals & ERIC ZAUNSCHERB Mining Analyst at Canaccord Genuity where he coordinated the firm’s global mini
Slide 19: GR Silver Mining
GR SILVER MINING ✓ Excels at identifying opportunities and creating value through continuous resource growth ✓ Hosts a number of large silver and gold mineral deposits with excellent infrastructure and existing permits ✓ Led by an experienced management team and supportive Board of Directors with a
Slide 20: Appendix
APPENDIX
Slide 21: Plomosas Project NI 43-101 Resource Statement
PLOMOSAS PROJECT NI 43-101 RESOURCE STATEMENT PLOMOSAS Resource Tonnes Ag Au Pb Zn Cu AgEq* Ag Au Pb Zn Cu AgEq Type PROJECT Category Mt g/t g/t % % % g/t Moz Koz Kt Kt Kt Moz San Marcial Area Indicated OP 9 146 0.04 0.2 0.3 - 161 42 10.2 16 28 - 47 Inferred OP 2 127 0.03 0.1 0.2 - 136 6 1.4 1 3 - 7
Slide 22: GR Silver Mining Ltd. Contact
GR SILVER MINING LTD. @GRSilverMining Suite 1050 – 400 Burrard Street GR Silver Mining Vancouver, BC, Canada V6C 3A6 GR Silver Mining Ltd. FOR INVESTOR RELATIONS: www.grsilvermining.com info@grsilvermining.com T. +1 647-293-8457 TSXV|GRSL OTCQB|GRSLF FRA|GPE