Guanajuato Silver Company Ltd. · TSXV:GSVR

Guanajuato Silver — Investor Presentation (December 2021)

22 slides from Guanajuato Silver's investor presentation, Dec 16, 2021

  1. Slide 1: New Silver-Gold Producer

    New Silver-Gold Producer GUANAJUATO, MEXICO : GSVR December 16, 2021 : GSVRF

  2. Slide 2: Disclaimer

    DISCLAIMER This management presentation (the “presentation”) is prepared as a summary overview only of the current affairs of Guanajuato Silver Company Ltd. (the “company” of “GSilver”) and was not prepared for the purpose of assisting prospective investors in making a decision to invest in GSilver.

  3. Slide 3: Mexico's Newest Precious Metals Producer

    Mexico’s Newest Precious Metals Producer • Ramp up is: On-track. On-time. On-Budget. • First precious metals concentrate sold in October. • Projected annual average production of 1.8M AgEq ounces. • Two mines: El Cubo – in production. Pingüico – production imminent. • Guanajuato is one of the world’

  4. Slide 4: The Sierra Madre Belt has produced over 2 billion ounces of silver

    The Sierra Madre Belt has produced over 2 billion ounces of silver and 40 million ounces of gold.

  5. Slide 5: El Cubo Mine

    El Cubo Mine 5

  6. Slide 6: El Cubo - A New Mining Strategy

    El Cubo - A New Mining Strategy Paid $200M in 2012 when silver price was $30 Mine for profitability, not for volume and heading for $15 Paid $15 M in 2019 when silver price was $22 Added $30M in upgrades and heading for ….? Operated mill at 50,000 t/month Added $5.5M in upgrades Mined mechanically 2

  7. Slide 7: Clean. Dry. Organized.

    a 4 x Clean. Dry. Organized. aa \\\ fine Vo OS PT -, Wi?

  8. Slide 8: Villalpando Vein Long-Section - Ongoing expansion drilling at El Cubo

    Villalpando Vein Long-Section - Ongoing expansion drilling at El Cubo NW SE CAS-50 4.05m @ 194g/t AgEq including 1.4m @ 469 g/t AgEq 8

  9. Slide 9: El Cubo - 3-D view of principle veins

    El Cubo - 3-D view of principle veins 9

  10. Slide 10: Villalpando Vein Expansion

    Villalpando Vein Expansion 10

  11. Slide 11: Guanajuato

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  12. Slide 12: With 7,800 hectares of mining claims, GSilver is dominant claim holder

    With 7,800 hectares of mining claims, GSilver has become the dominant claim holder in the Guanajuato Mining District. 12

  13. Slide 13: Game Changer drill target at confluence of Veta Madre and Pingüico System

    Game Changer drill target at confluence of Veta Madre and Pingüico System.

  14. Slide 14: El Pingüico Mine

    EL PINGÜICO MINE Highest-grade silver mine in the Guanajuato region from 1890 to 1913. 12,000 tonne/month mine was owned by NYSE-listed “Pingüico Mines Company” until 1913 when operations ceased. 14

  15. Slide 15: Above-ground stockpile

    Above-ground stockpile 185,000 tonnes at 103 grams per tonne AgEq = 611,000 ounces and ensures ample material for the El Cubo mill. Easy transport – 5 miles from El Cubo. 1000 tonne bulk sample returned gold recoveries of 75% and silver recoveries of 60% over only three days. 15

  16. Slide 16: PEA Resource Estimate Jan 2021

    PEA RESOURCE ESTIMATE JAN 2021 EL PINGÜICO – EL CUBO COMBINED PROJECT Calculated at: Ag Spot Price: US$19.49 Au Spot Price: US$1,527 Payback Period: 1.87 years Average AgEq production over 7 years: 1.8M oz/year IRR 105% Operating costs per AgEq oz $9.42 Indicated Resources Inferred Resources Silver

  17. Slide 17: Shares Outstanding / 1-Year Share Performance

    Shares Outstanding / 1-Year Share Performance Issued & Outstanding Common Shares 224 M Financing Warrants 55 M Options Outstanding 12 M Fully Diluted 292 M Current Market Cap (@ C$0.47) C$105 M 17

  18. Slide 18: Major Shareholders

    Major Shareholders ALL NUMBERS APPROXIMATE Endeavour Silver Corp. 12.4% Myrmikan Capital LLC. (Director Daniel Oliver) 10.2% GSilver Directors & Advisors 5.6% VBS Exchange Pty Ltd. 4.6% Eric Sprott 3.1% EMA Garp Fund LP. 2.5% Public Shareholders 61.6% 18

  19. Slide 19: Dedicated and Experienced Board of Directors

    Dedicated and Experienced Board of Directors JAMES ANDERSON HERNAN DORADO DANIEL OLIVER CHAIRMAN & CEO DIRECTOR & COO DIRECTOR Over 20 years of capital market experience as a retail Director of Guanajuato Silver Company since 2017, Daniel manages Myrmikan Capital LLC of New York, broker investment b

  20. Slide 20: Operating Team in Place

    Operating Team in Place HERNAN DORADO SMITH LISA DEA ANTONIO NITO PACHECO CHIEF OPERATING OFFICER CHIEF FINANCIAL OFFICER HEAD OF SAFETY AND SECURITY Mining Engineer Chartered Professional Accountant Mining Engineer 16 years experience operating in Canada, 20 years experience in the finance, securit

  21. Slide 21: Advisory Board

    EXPERT GUIDANCE FROM OUR KNOWLEDGABLE ADVISORS Advisory Board STUART “TOOKIE” ANGUS JOHN BUDRESKI GREG HAWKINS BUSINESS ADVISOR BUSINESS ADVISOR GEOLOGICAL ADVISOR • Independent business advisor to the mining • Director and Executive Chairman of the • Has been involved in the mining industry industr

  22. Slide 22: Contact

    Contact JJ Jennex Director of Communications (604) 723 1433 jjj@gsilver.com Suite 587 – 999 Canada Place, Vancouver, British Columbia, V6C 3E1 : GSVR : GSVRF

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