Slide 1: Expanding Resources in Mexico
CORPORATE PRESENTATION OCTOBER 2022 EXPANDING RESOURCES IN MEXICO TSXV|GRSL OTCQB|GRSLF FRA|GPE
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains “forward-looking statements” within the meaning of Canadian Such assumptions, include, but are not limited to: (i) there being no significant change to current securities laws. Where a forward-looking statement expresses or implies an expectation or g
Slide 3: District Scale Strategic Assets
DISTRICT SCALE STRATEGIC ASSETS PLOMOSAS PROJECT • 432 km2 core concessions • Developing the resource base at our 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 of 302 km2 provide opt
Slide 4: Plomosas Project: Growing Our Resource Base in Two Areas
PLOMOSAS PROJECT GROWING OUR RESOURCE BASE IN TWO AREAS SAN MARCIAL RESOURCE EXPANSION • Drilling new targets adjacent to current resources • Ag anomalies identified along 5 km key geological contact adjoining resource area PLOMOSAS MINE AREA INFILL DRILLING • Targeting Ag grade increase • Adding ne
Slide 5: San Marcial Area: Exploration Model Success
SAN MARCIAL AREA EXPLORATION MODEL SUCCESS EXTENSIVE EPITHERMAL SYSTEM Underground drill program demonstrates the extension of higher-grade Ag mineralization to depth Surface exploration has provided resource growth in multiple anomalies Ag-dominant mineralization with preliminary metallurgy indicat
Slide 6: San Marcial Resource Expansion Program
SAN MARCIAL AREA SAN MARCIAL RESOURCE EXPANSION PROGRAM San Marcial mineral resource is hosted by key structures along a key lithological contact between Upper and Lower Volcanics on the western edge of the Sierra Madre Occidental 2022 exploration activities focusing on testing >5 km of the ‘Target
Slide 7: San Marcial Area Exploration Model Success with Expansion to Depth
SAN MARCIAL AREA EXPLORATION MODEL SUCCESS WITH EXPANSION TO DEPTH New wide, high-grade discovery in southeast area 7 GR SILVER MINING LTD. | CORPORATE PRESENTATION | OCTOBER 2022
Slide 8: San Marcial 3D Geological Model
2021 2022 SAN MARCIAL 2022 (pending assays) 3D GEOLOGICAL MODEL SOUTHEAST AREA & RESOURCE EXPANSION WIDE HIGH-GRADE Ag DISCOVERIES UPSIDE POTENTIAL NEW GEOLOGICAL SETTING SILVER PREDOMINANT NEAR SURFACE MINERALIZATION * See news release dated January 31, 2022, July 13, 2022 & August 8, 2022 8 GR SIL
Slide 9: Plomosas Longitudinal Section
PLOMOSAS LONGITUDINAL SECTION IDENTIFIED NEW WIDE, HIGH-GRADE SILVER MINERALIZATION WITH UPSIDE POTENTIAL ON EXISTING LOW-GRADE RESOURCE BLOCKS* *See News Release dated April 27, 2022 and May 24, 2022 9 GR SILVER MINING LTD. | CORPORATE PRESENTATION | OCTOBER 2022
Slide 10: Plomosas Project: Pipeline of Drill Targets 2022
PLOMOSAS PROJECT PIPELINE OF DRILL TARGETS 2022 District scale project, enhancing value with modern exploration techniques, focused on continuous resource expansion 10 GR SILVER MINING LTD. | CORPORATE PRESENTATION | OCTOBER 2022
Slide 11: Capital Structure Ownership
CAPITAL STRUCTURE OWNERSHIP Shares Issued & Outstanding 231,479,806 INSTITUTIONS 28.5% Warrants & FUNDS 47,596,895 (average weighted price C$0.38) FIRST Options 9,734,157 MAJESTIC 9.3% (average weighted price C$0.42) Fully Diluted Shares Outstanding 288,810,858 MANAGEMENT 6.4% & INSIDERS Fully Dilut
Slide 12: 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 resources include $3.45 $3.50 the Plomosas, San Juan and San Marcial areas $2.98 ✓ Our exploration focus is on new high-grade $3.00 epithermal vein targ
Slide 13: Experienced Management
EXPERIENCED MANAGEMENT ERIC ZAUNSCHERB Geologist with over 30 years experience as a mining equity analyst. Previously Managing Director, Research – CHAIRMAN & CEO Metals & Mining Analyst at Canaccord Genuity. Eric holds the Chartered Financial Analyst designation Technical experience to evaluate exp
Slide 14: Diverse Board of Directors
DIVERSE BOARD OF DIRECTORS STRONG TRACK RECORD OF GLOBAL MINING RELATED M&A • Chairman & CEO • 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
Slide 15: GR Silver Mining
GR SILVER MINING ✓ Excels at identifying and creating quality opportunities for continuous resource growth ✓ Features our district scale Plomosas Project, hosting a diversity of large Ag-Au mineral deposit styles with excellent infrastructure and existing permits ✓ Led by an experienced management t
Slide 16: Appendix
APPENDIX
Slide 17: Plomosas NI 43-101 Resource Statement
PLOMOSAS/SAN JUAN * TOTAL RESOURCES STATEMENT PLOMOSAS Resource Tonnage Au Au Ag Ag Pb Pb Zn Zn AgEq AgEq NI 43-101 Category Type MT g/t Koz g/t Moz % Mlbs % Mlbs Moz g/t RESOURCE Indicated Inferred OP t 0.3 1.4 0.20 0.12 2 5 83 78 0.9 3.6 0.8 0.9 6.4 27.3 0.8 0.7 6.1 23.5 1.3 4.8 114 103 STATEMENT
Slide 18: San Marcial NI 43-101 Resource Statement
SAN MARCIAL NI 43-101 RESOURCE STATEMENT SAN MARCIAL RESOURCE SUMMARY Cutoff Tonnage Ag AgEq Zn Pb Ag AgEq Zn Pb Class Type AgEq g/t (000s) (g/t) (g/t) (%) (%) (Moz.) (Moz.) (‘000 lbs) (‘000 lbs) Breccia (OP) 30 2,909 202 241 0.66 0.44 18.9 23 42,227 28,504 Breccia Breccia (UG) 80 55 90 124 0.64 0.2
Slide 19: 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 20: GR Silver Mining Ltd. Investor Relations
GR SILVER MINING LTD. Suite 1050 – 400 Burrard Street Vancouver, BC, Canada V6C 3A6 @GRSilverMining GR Silver Mining FOR INVESTOR RELATIONS: BRENDA DAYTON GR Silver Mining Ltd. VP Corporate Communications www.grsilvermining.com bdayton@grsilvermining.com T. 604.417.7952 TSXV|GRSL OTCQB|GRSLF FRA|GPE