Silver Mountain Resources, Inc. Class A · TSX:AGMR
Silver Mountain Resources, Inc. Class A — Investor Presentation (March 2026)
23 slides from Silver Mountain Resources, Inc. Class A's investor presentation, March 2026
Slide 1: Silver Mountain Resources Corporate Presentation March 2026
SILVER MOUNTAIN RESOURCES C O R P O R AT E P R E S E N TAT I O N / M A R C H 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 Mine
RELIQUIAS MINE RESOURCES Value Distribution2 Holding more than 12.2 Moz of silver plus significant Copper amounts of base metals at the Reliquias Mine.1 3.0% Category M&I Inferred Value Lead 9.5% Tonnes 1,311 1,758 kt Silver 132.1 124.1 g/t Gold Gold 0.41 0.42 g/t 10.3% Lead 2.02 1.80 % Silver Zinc
Slide 13: Caudalosa Mine
CAUDALOSA MINE H I S TO R I C R E S O U R C E Value Distribution2 More than 22.3 Moz of silver plus significant amounts of base metals Lead remain in historical resources at the Caudalosa Mine1. Zinc 5.2% 5.4% Lead Category Inferred Value 10.6% Copper Tonnes 1,549 kt Zinc 8.0% Silver 449 g/t 9.9% Si
Slide 14: 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 15: 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 16: 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 17: 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 The drilling program comprises 21,012 meters(2) in 2 phases, completed from surface platforms. 1. Refer to the full text of the Caudalosa Technical Report for the a
Slide 18: 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 19: 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) $600 $510 $490 $459 $439 EV / Annual Production 2027 $400 $377 $326 Average $327 ~3x to reach average $247 $213 $194 $200 $174 $169 $147 $108 – FI
Slide 20: Valuation per Ounce
VALUATION PER OUNCE Significant Re-Rate Potential as We Move Towards Production ENTERPRISE VALUE (CAD) / M&I SILVER-EQUIVALENT OUNCES $40 $34 $30 $20 $20 $19 $16 $16 $13 $13 $10 $8 $8 $7 $6 – FIRST MAJESTIC SILVERCREST MAG SILVER SIERRA MADRE GUANAJUATO AMERICAS GOLD & GATOS SILVER MOUNTAIN AVINO SI
Slide 21: Market Stats & Capital Structure
MARKET STATS 2.3% 2.3% & C A P I TA L S T R U C T U R E 5 2.9% As of February 20, 2026 3.0% Shares Outstanding 59.7M 3.1% 1 Stocks Options 1.1M 3.4% 2 Warrants 25.5M 4.1% Market Capitalization3 C$ 287M Other 4.2% Other 58.5% Eric Sprott Cash Position C$ 47.3 M 54.7% 6.3% 1. Stock Options: 0.04M at C
Slide 22: 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 23: 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
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