Guanajuato Silver Company Ltd. · TSXV:GSVR

Guanajuato Silver — Investor Presentation (September 2021)

23 slides from Guanajuato Silver's investor presentation, Sep 17, 2021

  1. Slide 1: Near Term Silver-Gold Production

    Near Term Silver-Gold Production GUANAJUATO, MEXICO : GSVR Sept 17, 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 Next Precious Metals Producer

    Mexico’s Next Precious Metals Producer  On-track. On-time. On-Budget.  First precious metals concentrate sales anticipated in October.  Projected annual average production of 1.8M AgEq ounces.  Two mines: El Cubo – first production imminent. Pingüico – advancing to restart.  Guanajuato is one o

  4. Slide 4: The El Cubo Mine

    THE EL CUBO MINE

  5. Slide 5: El Cubo - On Track, On Time, and On Budget

    EL CUBO - ON TRACK, ON TIME, AND ON BUDGET 5

  6. Slide 6: Preparing for Production: Stockpiling

    PREPARING FOR PRODUCTION: STOCKPILING JUMBO DRILL ON SITE MATERIA 6

  7. Slide 7: Preparing for Blasting

    PREPARING FOR BLASTING 4m x 4m ACCESS TUNNELS 7

  8. Slide 8: El Cubo Resource Expansion: Villalpando Vein Structure

    El Cubo Resource Expansion Villalpando Vein Structure 8

  9. Slide 9: Villalpando Vein System Expansion

    VILLALPANDO VEIN SYSTEM EXPANSION 9

  10. Slide 10: PEA Shows Quality Resource, Dedicated Management Team, One Month to Production

    PEA SHOWS DEDICATED TWO ONE GUANAJUATO, QUALITY MANAGEMENT MONTH TO MEXICO RESOURCE TEAM PRODUCTION • Study shows 7-year • A focus on Mexican • Approximately 30 days • 480-year-old mining mine life management, talent of additional mill jurisdiction. and leadership is our refurbishment. • Combined Pr

  11. Slide 11: Major Shareholders

    Major Shareholders ALL NUMBERS APPROXIMATE Endeavour Silver Corp. 10.8% Myrmikan Capital LLC. (Director Daniel Oliver) 10.3% GSilver Directors & Advisors 7.1% VBS Exchange Pty Ltd. 4.8% Eric Sprott 3.4% EMA Garp Fund LP. 2.8% Public Shareholders 60.8% 11

  12. Slide 12: Cash Position / Shares Outstanding / 1-Year Share Performance

    GSilver Cash Position / Shares Outstanding / 1-Year Share Performance ALL NUMBERS APPROXIMATE | ALL IN $CAD Cash at 08/31/21 $9.2 m Pro Forma Current Shares Issued 201 m Financing Warrants - average price $0.405 *exercise brings in approx. $22.0m 49.7 m Options Outstanding 12.6 m Fully Diluted 263.5

  13. Slide 13: PEA Resource Estimate January 2021 – Combined Project

    PEA Resource Estimate January 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 Si

  14. Slide 14: Dominant claim holder in the Guanajuato mining district

    With over 7,800 hectares of prospective mining claims, GSilver is now the dominant claim holder in one of the world’s great silver-gold districts – the Guanajuato mining district. 14

  15. Slide 15: El Pingüico

    EL PINGÜICO Highest grade silver mine in Mexico from 1890 to 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

  16. Slide 16: El Pingüico Surface and Underground Stockpiles

    SURFACE AND UNDERGROUND STOCKPILES EL PINGÜICO “FEED FOR A HUNGRY MILL” Surface Stockpile Pingüico above and • Size: 185k tonnes below-ground • Grades: 103 gpt AgEq. (2) stockpiles can deliver mill feed for first 24 months. Surface material ready for delivery. LEVEL 4 ADIT Underground material LE

  17. Slide 17: Long Section Showing High-Grade Areas of El Pingüico and San Jose Veins

    LONG SECTION SHOWING HIGH-GRADE AREAS OF EL PINGÜICO AND SAN JOSE Shaft VEINS / HIGHLIGHTS OF RECENT DRILLING DRILL INTERVAL AGEQ Underground FROM TO AU GPT AG GPT Stockpile HOLE (M) GPT Level 4 P21-03 97.95 102.00 4.05m 0.68 62 116 including 99.15 100.15 1.00m 1.50 122 242 Level 7 106.80 107.35 0.5

  18. Slide 18: Drilling Veta Madre: A Potential Game Changer

    DRILLING 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 t

  19. Slide 19: 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

  20. Slide 20: Dedicated and Experienced Board of Directors

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

  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: 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

  23. Slide 23: Contact

    Contact James Anderson, CEO & Chairman 578 – 999 Canada Place Vancouver BC Canada V6C 3E1 +1 (778) 989-5346 info@gsilver.com james.anderson@GSilver.com www.gsilver.com : GSVR : GSVRF

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