# Corporate Presentation

Source Brief: https://evesgoldminers.com/research/source-briefs/silverco-mining-ltd-corporate-presentation-ad90863c
Original source: https://www.silvercomining.com/_resources/presentation/corporate-presentation.pdf?v=091206
EGM generated: 2026-09-27
Company: Silverco Mining Ltd. (SICO)

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# Corporate Presentation

Source: https://www.silvercomining.com/_resources/presentation/corporate-presentation.pdf?v=091206
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## Content

# Corporate Presentation
TSX.V: SICO OTCQB: SICOF
EMERGING MULTI-ASSET
SILVER PRODUCER IN MEXICO
JULY 2026 SILVERCOMINING.COM
DISCLAIMER
This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this
presentation, other than statements of historical fact, that address future operations, resource potential, exploration drilling,
exploitation activities and events or developments that the Company expects to occur, are forward looking statements. Forward
looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”,
“plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions
“will”, “would”, “may”,Project on“should”
“could” or track occur.
for delivery
Information inferred from the interpretation of drilling results and information
concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what
might be found to be Delivery dateand
present when is if
enda of Q3is actually developed. Although the Company believes the expectations
project
expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results may
Estimate costdiffer
of materially
$14,000 from those in the forward-looking statements. Factors that could cause the
actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration
successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are
Project
cautioned that any such will deliver
statements after Contoso
are not guarantees of futureupdate in Q4
performance and actual results or developments may differ
materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates
and opinions of the Contoso date of
Company’s delivery is on
management Julythe
20xxdate the statements are made. The Company undertakes no obligation to
update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should
change, except as may be required by applicable law.
TSX.V: SICO 2
WHY SILVERCO?
VISION: CREATE A 10M + OZ/YR SILVER PRODUCER IN NEXT 3 YEARS
Tier 1 Experienced
Jurisdictions Team
Low Capital Undervalued
Intensity Relative to
Peers
TSX.V: SICO 3
OUR TEAM
DEEP EXPERTISE IN INTERNATIONAL MINING AND MEXICO SILVER SECTOR
Management
Leaders from Mark Ayranto Sean Fallis, CA, CPA Tara Hassan, P.Eng
Top Silver President, CEO & Director
Mining Executive with history of
success in building and leading high-
CFO
Extensive senior finance leadership at
EVP, Corporate Development
Mining Engineer, former SVP
NYSE, Nasdaq, and TSX listed Corporate Development at SilverCrest
Success Stories performing mining organizations.
Former COO of Victoria Gold
companies. and mining equity analyst
Victoria Avila, CPA Nico Harvey, P.Eng
Extensive SVP, Corporate Affairs &
Finance
VP, Project Development
Mining engineer with extensive
experience with both open pit and
Mexico Expertise
Former CFO of JDS Energy & Mining and
prior roles at BDC, Scotiabank, and Export underground operations.
Development Canada.
MAG Silver, SilverCrest Metals, Board and Advisors
JDS Energy and Mining,
Heliostar, Capstone Mining, Gary Brown, Director Gregg Bush, Director Tim Sorensen, Director
+35 years of experience, Former CFO +40 years of experience, Metallurgical +25 years of experience, Institutional equity
Minefinders Wheaton Precious Metals Engineer, COO Heliostar sales
George Paspalas, Advisor
+40 years of experience, Former CEO MAG
Silver, Aurizon Mines
TSX.V: SICO 4
CORPORATE STRUCTURE
WELL FUNDED TO EXECUTE ON VISION
SICO SICOF Founders Retail
TSX:V OTCQB and 7%
Eric
Insiders
Sprott
54.4 M 61.4 M 12%
11%
Shares Outstanding2 Fully Diluted Shares Outstanding2
C$7.41 ~US$50 M
Share Price1 Cash Pro-Forma2
C$403 M C$364 M Institutional + High
Market Capitalization1,2 Enterprise Value1,2 Net Worth
70%
Notes: (1) As of June 30, 2026 (2) Reflects pro-forma positions post close of Nuevo Silver Transaction, net of US$11 M of debt held at La Negra
TSX.V: SICO 5
LA NEGRA MINE
QUERÉTARO, MEXICO
Active Underground Operation
+30 years operations, restarted in 2024
Well Defined Metallurgy
2,500 tpd mill currently operating at 55% capacity
Low Capital Investment Improvements
Estimated total of $15-20 million through Q1 2027
Large, Underexplored Land Package
On prolific Sierra Gorda silver belt, limited modern exploration
TSX.V: SICO 6
TRANSFORMATIONAL ACQUISITION
LA NEGRA MARKS START OF PRODUCER STATUS
Q3’26
Q1
–
2026
Transaction Close – Q1’27
Operational Improvements Begin
Focus on improving mining practices and
equipment availability
Transaction Announced Operational Improvements, Capital
• 16.8 M Shares Investments Lead to Increased
• Assume ~US$3 M net debt
• US$12.5 M deferred Production
payment (Q1 2027) Completion of capital investment program coupled
• US$5 M total contingent Q2 with operational improvements lead to increased
payment (Q1 2027, Q1 2026 throughput and commercial production by end of
2028) Q1’27
TSX.V: SICO 7
LA NEGRA – CORE AREAS OF FOCUS
IMPROVING, INVESTING AND EXPLORING
• Implement preventative maintenance program
Improving • Refinement of mining practices
• Publish updated Reserve and Resource and mine plan
• New equipment for underground mining fleet
Investing • Spare parts
• Dry-stack tailings facility
• 15,000 m drill program underway
Exploring • Resource open in all directions, opportunities to increase silver grade close
to existing workings
TSX.V: SICO 8
GROWTH THROUGH GRADE
POTENTIAL FOR GRADES
Potential for CRD High Grade Opportunity
System
• Limited modern
exploration
• Potential to identify
additional higher grade
silver zones higher in
system – up to 2-3x
higher
• 15,000 m program
focused on targets in
close proximity of
existing mine
infrastructure
TSX.V: SICO 9
CUSI MINE
CHIHUAHUA, MEXICO
Rare True Silver Deposit
~90% revenue from silver
Sierra Madre Occidental Belt
On trend of major deposits
Accessible Location
120 km west of Chihuahua – Access to experienced
labour pool
Paved Road, Connected to the Grid
Road to mine portal, 33 kV line to site
1,200 tpd mill
40 km from mine
Permitted
For late 2026 restart
TSX.V: SICO 10
PEA HIGHLIGHTS1,2
ROBUST RESTART PLANNED FOR Q4’26
41.2 Moz 18.8 Moz 1,200 tpd ~9 years
AgEq M&I LOM Produced AgEq Milling Throughput Initial mine life
31.8 Moz US$19.2 M 2.47 M AgEq oz US$26.75/oz
AgEq Inferred Initial Capital Avg Annual Prod (’28-’33) AISC per AgEq oz3
Base Case US$104 M 94.8% 0.9 years
US$44.58/oz avg Ag Price4 After-Tax NPV(5%)4 After-Tax IRR4 Payback Period4
Upside Case US$312 M 186.9% 0.5 years
US$75/oz Ag Price After-tax NPV(5%) After-Tax IRR Payback Period
Notes: (1) See NI 43-101 Technical Report titled “Mineral Resource Estimate for the Cusi Ag-AuPb-Zn Project, Chihuahua State, Mexico” filed on SEDAR+ and on the company’s website (2) See April 13, 2026 news release
titled “Silverco Mining Releases Robust PEA for the Cusi Mine Highlighting High-Margin, Low Capital Restart” (3) AISC excludes corporate costs and exploration costs (4) Base case utilizes the following silver price TSX.V: SICO 11
assumptions: 2026E: US$65/oz, 2027E: US$60/oz, 2028E: US$55/oz, 2029: US$50/oz, 2030: US$40/oz, LT: US$38/oz.
LEVERAGED TO SILVER PRICE
RANKS HIGHLY ON PERCENTAGE OF TOTAL M&I RESOURCE VALUE ATTRIBUTABLE TO SILVER
100%
Every US$10/oz increase results
90%
in approximately US$70M of
80% incremental NPV(5%)
70%
60%
50%
40%
30%
20%
10%
0%
La Cusi La Parrilla La Guitarra Topia Las Chispas Los Gatos San Diego San Dimas Avino Palmarejo San Rafael Juanacipio Reliquias Santa Elena San Felipe
Encantada
Notes: (1) Resource value equals contained metal x metallurgical recovery x assumed metal prices (US$30/oz Ag, US$2,400/oz Au, US$1.00/lb Pb, US$1.35/lb Zn, US$4.00/lb Cu
TSX.V: SICO 12
CUSI RESTART ON TRACK
TARGETING FIRST CONCENTRATE IN Q4 2026
Q2 Q4
2026 Underground Development 2026 Commercial
and Mill Improvements Production
• Begin development mining at • Ramp up production rates to full
Promontorio and San Miguel 1,200 tpd capacity
• Continue improvements at • Declare commercial production
Malposo Mill
30,000 m 2026 Exploration Program – Infill and Expansion
Underground Contractors Produce First Concentrate
Mobilize • Begin production mining at
• Mobilized two local Promontorio
contractors – Mafrissa and • Produce first concentrate
Rencer Q3 H1
2026 2027
TSX.V: SICO 13
OPPORTUNITIES FOR GROWTH
2026 EXPLORATION PROGRAM UNDERWAY
30,000 m Drilling in 2026
Infill and expansion focus from surface and underground
focused on:
Opportunities to add ounces within
Promontorio planned mine footprint
Highest potential target for growth
San Miguel – wide and high-grade zones
Testing new exploration concepts
New Targets and regional targets
TSX.V: SICO 14
CUSI GROWTH OPPORTUNITIES
2026 EXPLORATION TO FOCUS ON TWO NEW CORE AREAS
• Inset claims consolidated Cusi Geology and Vein Map
by Silverco
San Miguel • Potential for multiple,
wider veins
• Could support higher
mining rates with
exploration success
Downthrown • Recent drilling highlighted
potential for mineralization
Extensions to continue beyond Cusi
Fault
TSX.V: SICO 15
SAN MIGUEL RESOURCE GROWTH
LARGE INITIAL RESOURCE AND GROWING
Highly Prospective Claims
Not previously included in Cusi package, acquired in 2024
Substantial Portion of Resource
Currently 1/3 of total resource
Veins Open at Depth and Along Strike
2025 drill program demonstrated potential for further
upside
Average Value Material Content
Resource Mass
Area Ag Au Pb Zn AgEq Ag Au Pb Zn AgEq
Class
Mt g/t g/t % % g/t koz koz Mlb Mlb koz
Indicated 1.30 193 0.15 0.83 1.11 258 8,065 6.2 23.9 31.7 10,786
San Miguel
Inferred 2.03 170 0.14 1.02 1.42 249 11,117 9.3 45.5 63.5 16,237
Notes: (1) Mineral resources are reported at a base case cut-off grade of 120 g/t AgEq. The mineral resource grade blocks were quantified above the base case cut-off grade, below surface, within the constraining
mineralized wireframes, and exclusive of mined out material. (2) The underground base case cut-off grade of 120 g/t AgEq considers metal prices of US$30/oz Ag, US$2400/oz Au, US$1.00/lb Pb, and US$1.35/lb Zn and TSX.V: SICO 16
metal recoveries of 90% for Ag, 50% for Au, 90% for Pb, and 60% for Zn.
SAN MIGUEL CONTINUED GROWTH
OPPORTUNITY TO DEFINE MORE AND WIDER VEINS
CU-25-37/39 Cross Section
Multiple Wide, Parallel Veins
Vein widths significantly above historical average
Drilling Excluded from 2025 Resource
9,026 m of additional drilling in 2025 since MRE update
Post MRE Assays
Not in 2025
Resource
Note: AgEq = Ag g/t x Ag Recovery + [(Au g/t x Au Rec x Au price/gram)+(Pb% x Pb rec. X Pb price/t) + (Zn% x Zn rec. X Zn price/t)]/Ag price/gram. Metal price assumptions are: $30.00/oz silver,
$2,400/oz gold, $1.00/lb lead, 1.35/lb zinc. Metallurgical recovery assumptions are 90% for silver, 50% for gold, 90% for lead, and 60% for zinc. TSX.V: SICO 17
DOWNTHROWN EXTENSIONS
SIGNIFICANT UNREALIZED POTENTIAL
TSX.V: SICO 18
2026 CATALYSTS
• Cusi
2025 MILESTONES
• Ongoing restart programs
✓ Raised C$25M privately H1 • Ongoing drill program
✓ Listed publicly
2027+
2026 • Mine and Mill ramp up
✓ Completed 15,000m drill • La Negra
program • Capital improvement
✓ Dewatered Promontorio projects
✓ Published Updated Mineral • 15,000 m drill program
Resource Estimate • Updated R&R and mine plan
✓ $62.5 M Financing • Cashflow growth
✓ OTC Listing • Ongoing explor

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