Guanajuato Silver Company Ltd. · TSXV:GSVR

Guanajuato Silver — Investor Presentation (July 2021)

20 slides from Guanajuato Silver's investor presentation, Jul 22, 2021

  1. Slide 1: Near Term Silver-Gold Production

    El Cubo / El Pingüico Project, Mexico Near Term Silver-Gold Production GUANAJUATO, MEXICO : GSVR July 22, 2021 Corporate Presentation : 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: The El Cubo Mill and Mine Complex

    THE EL CUBO MILL AND MINE COMPLEX Recently acquired from Endeavour Silver Corp. for US$15M 3

  4. Slide 4: PEA Shows Quality Resource, Dedicated Management, Three Months to Production

    PEA SHOWS QUALITY DEDICATED MANAGEMENT THREE MONTHS TO GUANAJUATO, RESOURCE TEAM PRODUCTION MEXICO • Study shows 7-year mine life • A diversity of experience, • Refurbishing of mill to additional • 480-year-old mining jurisdiction. • Combined Project total ounces: backgrounds and talents 60 to 90 da

  5. Slide 5: Major Shareholders

    Major Shareholders Endeavour Silver Corp. Eric Sprott GSilver Directors & Advisors EMA Garp Fund LP. ALL NUMBERS APPROXIMATE Myrmikan Capital LLC. VBS Exchange Pty Ltd. Public Shareholders Endeavour Silver Corp. 10.9% Myrmikan Capital LLC. (Director Daniel Oliver) 10.4% GSilver Directors & Advisors

  6. Slide 6: GSilver Cash Position / Shares Outstanding

    GSilver Cash Position / Shares Outstanding ALL NUMBERS APPROXIMATE | ALL IN $CAD Cash at 07/15/21 4,500,000 Gold/Silver Loan 9,375,000 (proposed draw-down in July 2021) Total Cash Available $13,875,000 Pro Forma Current Shares Issued 201,200,000 Financing Warrants - average price $0.405 *exercise 49

  7. Slide 7: PEA Resource Estimate January 2021

    EL PINGÜICO / EL CUBO PEA Resource Estimate January 2021 COMBINED PROJECT TOTAL RESOURCES • Indicated Resources: Indicated Resource Inferred Resource 7,214,000 Silver Equivalent Ounce Silver Gold Silver Eq. Silver Eq. Silver Gold Silver Eq. Silver Eq. Tonnes Tonnes • Inferred Resources: (g/t) (g/t)

  8. Slide 8: El Cubo Resource Expansion

    E| Cubo Resource Expansion CAS-47 4.2m @ 140 g/t AgEa as39 cas 40 Approximate Total 5.3 m @ 387 g/t Agta cas-50 4.25 m @ 130 g/t Ageq prox 4.05 m @ 194 g/t Age paren Vein Thickness Including 0.5 m @ 425 Age e@ & @ 1.4 m @ 469 9/t AgEq =“ ’ 10m 2175 Stope 9 8m 6m 4m 1.2m @ 207 e/t Ageq CAS-76 — = 2.8

  9. Slide 9: GSilver is now the dominant claim holder in the Guanajuato mining district

    GSilver is now the dominant claim holder in the Guanajuato mining district - with over 7,000 ha of prospective mining claims 9

  10. Slide 10: El Pingüico

    EL PINGÜICO Highest grade mine in the region from 1890 till 1913. This 400 tpd mine was owned by NYSE listed “Pingüico Mines Co.” of New York City until 1913 when operations ceased due to the Mexican Revolution; it is located just 8km from El Cubo. “ Rich shoots are seldom found in nature to recur s

  11. Slide 11: Stockpiles Can Deliver 40% of Mill Feed for First 36 Months

    EL PINGÜICO SURFACE AND UNDERGROUND STOCKPILES – “FEED FOR A HUNGRY MILL” Surface Stockpile • Size: 185k tonnes • Grades: 103 gpt AgEq. (2) Stockpiles Can Deliver 40% of Mill Feed for First Underground Stockpile 36 Months • Size: 25,600 tonnes (top 5m of stockpile only). • Grades: 301 gpt AgEq. (3)

  12. Slide 12: Channel Samples Near El Pingüico Shaft Reported 537 gpt AgEq

    LONG SECTION SHOWING HIGH -GRADE AREAS OF EL PINGÜICO AND SAN JOSE VEINS Channel Samples Near El Pingüico Shaft Reported 537 gpt AgEq Over 55m Vertical Extent.4 12

  13. Slide 13: Highlights of Recent Drilling

    Highlights of Recent Drilling INTERVAL DRILL HOLE FROM TO AU GPT AG GPT AGEQ GPT (M) P21-03 97.95 102.00 4.05m 0.68 62 116 including 99.15 100.15 1.00m 1.50 122 242 106.80 107.35 0.55m 2.11 505 674 P21-07 2.40 2.90 0.50m 0.35 83 111 2.90 4.15 1.25m assays pending P21-08 102.25 103.90 1.65m 2.45 125

  14. Slide 14: Drilling the Veta Madre: A Potential Game Changer

    DRILLING THE VETA MADRE: A POTENTIAL GAME CHANGER “ The Veta Madre is nearly parallel to and about 5,000 feet east of the Pingüico vein and it has a dip of forty to forty-five degrees toward Pingüico. The faulting in this district is known to have been very profound, and it is entirely probable that

  15. Slide 15: Dedicated and Experienced Board of Directors

    Dedicated and Experienced Board of Directors JAMES ANDERSON RAMÓN DÁVILA HERNAN DORADO CHAIRMAN & CEO DIRECTOR DIRECTOR & COO Over 20 years of capital market experience as a retail Mr. Davila was Chief Operating Officer and member of Director of Guanajuato Silver Company since 2017, broker investmen

  16. Slide 16: Dedicated and Experienced Board of Directors

    Dedicated and Experienced Board of Directors WILLIAM GEHLEN DANIEL OLIVER RICHARD SILAS DIRECTOR DIRECTOR DIRECTOR & VP CORP DEVELOPMENT From 2013-2018, Mr Gehlen was Manager of Resource Daniel manages Myrmikan Capital LLC of New York, Mr. Silas has been a Director of Guanajuato Silver Co. Developme

  17. Slide 17: 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, Australia, 20 years experience in the finan

  18. Slide 18: 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 Board for • Has been involved in the mining indus

  19. Slide 19: End Notes

    END NOTES (1) The mineral resource estimate used as the basis for the January 29, 2021, Behre Dolbear & Company (USA), Inc., PEA was derived from Endeavour’s previous technical report for El Cubo titled “National Instrument 43-101 Technical Report: Updated Mineral Resource and Reserve Estimate for t

  20. Slide 20: Near Term Silver-Gold Production

    www.GSilver.com Near Term Silver-Gold Production GUANAJUATO, MEXICO James Anderson, CEO & Chairman 578 – 999 Canada Place +1 (778) 989-5346 Vancouver BC Canada V6C 3E1 james.anderson@GSilver.com info@gsilver.com : GSVR July 22, 2021 Corporate Presentation : GSVRF

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