#1A New Silver-Gold Producer Guanajuato Silver Guanajuato Silver o "gwa-nah-hwah-toh" LTD August 9th, 2022 TSX venture EXCHANGE TSX: GSVR OTC Markets: GSVRF#2Why Silver? Every modern electrical device requires silver Every electrical action in a modern automobile requires silver-coated contacts. A 2#3Silver Enables the Pivot to Green Energy As solar parks grow, so too will the demand for silver Photovoltaics currently account for 12% of total silver demand. Source: The Silver Institute 2022 Forecast (2021 photovoltaic global demand = 13%) A 3#4Mexico's Fastest-Growing Silver Company 5 silver mines and growing A PLANNED ANNUAL RUN RATE AS OF DECEMBER 2022 3.4M AgEq April 2021 August 2021 October 2021 July 2022 PURCHASED EL CUBO MINE RECOMMENCED MINING STARTED SELLING SILVER AND GOLD CONCENTRATE BOUGHT THREE MORE MINES: VALENCIANA, SAN IGNACIO, and TOPIA 4#5Guanajuato Mexico's premiere mining community ¡Somos Guanajuato! A 5#6Consolidating the Guanajuato Mining Camp 450-year mining history A La Luz Vein Eido Sangre de Chisto mino Valenciana-El Cubitele 父 Bolanitos (Endeavour) San Ignacio 100 Veta Madre Vein "El Tevere Ejido Llanos de Santa Ana Arroyo 45 Poblado La Concepción cale Ejido Santa Ana cepción ande Villalpando Vein Cebada (Endeavour) 110 Valenciana Mine Complex oyo Dura Peregrina (Fresnillo) 2839 m Guanajuato City Misión de Quijote Cerro de Bolita iversitario peregr Sirena (Fresnillo) Carre le Ex Hda Sant Guanajua Teresa de ena ao Guanajuato Autopista Sila Gue El Arco Fancho Arroyo Las C Yerbabuena 2397m Pinguico El Cubo Las Torres (Fresnillo) Cubo N 0 1 2 4 Km 6#7The El Cubo Production Facility The centrepiece of our Hub & Spoke mining operation 50,000 t/month capacity A Tonnes (t) Ag (g/t) Au (g/t) AgEq (g/t) AgEq (oz) M&I 508,000 194 2.44 389 6.31M Inferred 1.4M 214 2.78 435 20.3M Source: Behre Dolbear & Company (USA Inc.) PEA Jan 29, 2021 7#8El Cubo Mill Clean. Dry. Organized. A 8#9A El Cubo 3-D View of Principle Veins High grade epithermal mineralization from multiple veins VETA VILLALPANDO VETA LA LOCA VETA SAN NICOLAS LEGEND Zona Santa Cecilia 0 Regional Veins Mineralized zones for near-term Exploration focus and production 0.5 1 Κατι New Connector to Santa Cecilia VETA DOLORES VETA SAN ESUBIG Dolores EL CUBO MILL Dolores Sur Zona Villalpando 2175 Stope VETA VILLALPANDO Capulin- Cebolletas 1850 Stope 9#10Valenciana Mine Complex Mineralized Zones - Long Section GUANAJUATO 2021 Mineral Resource Estimate, longitudinal view Northwest WEST BLOCK GUANAJUATITO Guanajuatito Resource ecured: 13.8331-163324 Ag 2700m Indicated Intend 1951-86.917 Agor 20.0281 250.241 Ag 6.5351-94.468 Ag ac or 2000 1800m 1600m 32005 Encarnacion 1400m Drilling Surface Underground Miral Resource update Drill trace reported in last Mineral Resource update Clain block Underground Workings SANT Underground working Ana worked in 20th century Area worked in Spanish era NSR (USS) <->-5250 $150-$250 $100-$150 <$100 Mineralized Zon GUANAJUATITO et crite VALENCIANA VANA Sepeats CENTRAL BLOCK CATA willas CATA Police S Senareng Valenciana Resource Man 39,630 478,062 Aug Indicated 29,88352,204 69,491830,365 g oor 93,3271-1.196.67% Cata Resource Macsured 26.6061 m Indicated 11901- 489 840 Ag og on 16,222 Ago 27.7981-506.062 Age VALENCIANA WAL 4.2km CATA RIDA WM-EW www LOS POZOS Los Pozas Resource Alle 72,5571864,920 Ageqor indicated 391271-481.520 Ageqor 111.4051-1.345. go 3108 970,992 A Q LOS POZOS VMCOTE www. DATA ACTO CATA ALTE 4.1 km (2.6 miles) CULBIDM EAST BLOCK A Southeast PROMONTORIO Promontorio Resource Measured 5.1891- 64.785 Ag on at nica 0051- 62,201 Age MAI 19 20.9781 - 580 105141-126.985 Ag F 2200m GENERAL DE RAYAS Santa Margarita Resource 100 200m Meuse 9.1451 124.341 Agac Indicated M 4,004 13,149 50.494 174,835 Ag G C GUANAJUATO TOTALS Med 1662621 2,185,271 indicated: 85,404 1,049,757 Ag Indeed 15.123-232.69 Agecz MS Introd 201.000 -3,234.02 Ag 120,760 2,726,595 Ag eq South PROMONTORIO 2000m 1800m 1600m 1400m#11San Ignacio High-grade precious metals mine poised for early restart A Tonnes (t) Ag (g/t) Au (g/t) AgEq (g/t) AgEq (oz) M&I 267,828 145 2.8 384 3.3M Inferred 445,217 178 2.65 404 5.7M 11 Source: Great Panther NI43-101 Mineral Resource Estimate July 31, 2021#12Pinguico - Advancing to Restart Supplemental production from above-ground stockpile Inferred Tonnes (t) Ag (g/t) 210,000 79 Source: Behre Dolbear & Company (USA Inc.) PEA Jan 29, 2021 Au (g/t) AgEq (g/t) AgEq (oz) 0.6 127 860,000 A 12#13Five Mines and Three Production Facilities Expanding beyond Guanajuato Arizona New Mexico Texas United States HERMOSILLO O CABO SAN LUCAS O Pacific Ocean TOPIA Mexico VALENCIANA EL CUBO GUANAJUATO (CITY) DURANGO MONTERREYO EL PINGUICO SAN IGNACIO GUANAJUATO (STATE) Gulf of Mexico O MEXICO CITY MANZANILLO O 200 km ACAPULCO O CANCUN O Belize A Guatemala 13#14Topia Mine Silver-rich, high-grade polymetallic mine currently in production 2021 Production: 1.1M AgEq 7800 t/month flotation mill A Tonnes (t) Ag (g/t) Au (g/t) Pb (%) Zn (%) AgEq (oz) 609 1.84 4.4 4.5 11.1M 592 1.44 3.35 3.63 8.2M M&I Inferred 331,800 274,600 Source: Great Panther NI43-101 Mineral Resource Estimate March 31, 2021 14#15Global Resource Mineral Resources Measured & Indicated Tonnes Ag Au Pb/Zn AgEq AgEq (t) (g/t) (g/t) (%) (g/t) (oz) El Cubo 508,000 194 2.44 389 6,310,000 Pinguico (Stockpile) 210,000 79 0.60 127 860,000 Valenciana 251,666 250 1.76 400 3,235,029 San Ignacio 267,828 145 2.80 384 3,302,726 Topia 331,800 609 1.84 4.4/4.5 1,041 11,107,000 TOTAL 24,814,755 Inferred El Cubo 1,400,000 214 2.78 435 20,310,000 Valenciana 220,760 225 1.95 391 2,776,596 San Ignacio 445,217 178 2.65 404 5,781,944 Topia 274,600 592 1.44 3.3/3.6 932 8,221,000 TOTAL 37,089,540 A Source: Behre Dolbear & Company (USA Inc.) PEA Jan 29, 2021 Source: Great Panther N143-101 Mineral Resource Estimate: July 31, 2021 Source: Great Panther NI43-101 Mineral Resource Estimate: March 31, 2021 15#16Shares Issued & Outstanding 1-Year Share Performance Common Shares A 299 M GSVR.V Guanajuato Silver Company Ltd. TSXV 9-Aug-2022 StockCharts.com Open 0.430 High 0.440 Low 0.390 Close 0.425 Volume 491.1K Chg -0.005 (-1.16%) ▼ GSVR.V (Daily) 0.425 Volume 491,114 0.675 0.650 0.625 0.600 0.575 0.550 0.525 0.500 0.475 0.450 0.425 0.400 0.375 0.350 0.325 0.300 491114.0 0.275 Sep Oct Nov Dec 2022 Feb Mar Apr May Jun Jul Aug Financing Warrants 84 M Options Outstanding 19 M 2.0M Fully Diluted 402 M 1.5M 1.0M Current Market Cap C$125 M 500K US$97 M 16#17Current Major Shareholders All numbers approximate Endeavour Silver Corp. Great Panther Mining Ltd. Myrmikan Capital LLC. (Director Daniel Oliver) GSilver Directors & Advisors VBS Exchange Pty Ltd. Endeavour SILVER GREAT PANTHER Guanajuato Silver 9.5% MINING LIMITED 8.8% 7.9% MYRMIKAN CAPITAL LLC 4.3% THE VICTOR SMORGON GROUP 3.5% Eric Sprott 2.3% EMA Garp Fund LP. EMA 2.0% Public Shareholders 61.6% A 17#18Management Team Technical excellence JAMES ANDERSON CHAIRMAN AND CEO Capital Markets Specialist 20+ years of capital market experience as a retail broker investment banker and manager in the Canadian brokerage business. LISA DEA CFO A Chartered Professional Accountant 20+ years experience in the finance, securities and accounting fields. She has been instrumental in helping several companies grow from the development stage to large-scale commercial operations. HERNAN DORADO SMITH COO Mining Engineer 16+ years of underground/open- pit mining experience operating in Canada, Australia, Mexico, Brazil, and Dominican Republic. A 5th- generation mining engineer with in-depth knowledge of the El Pinguico Mine, Hernan is a graduate of Mining Engineering with an Executive MBA from Escuela Europeade Negocios, Salamanca, Spain. RAMON DAVILA PRESIDENT Mining Engineer / M.Sc. Mineral Economics 25+ years of experience in the mining industry in Mexico helping to grow the world's largest silver producers (First Majestic Silver, Pan American Silver, Industrias Peñoles, S.A. de C.V.). Served four years as Minister of Economic Development for the State of Durango. 18#19Board of Directors JAMES ANDERSON CHAIRMAN & CEO 20+ years of capital market experience as a retail broker investment banker and manager in the Canadian brokerage business; instrumental in the financing of several small-cap public companies. DANIEL OLIVER Manages Myrmikan Capital LLC of Connecticut, which actively invests in the precious metals mining sector; noted commentator with articles published in Forbes, The Wall Street Journal, The Washington Times and others; holds a J.D. from Columbia Law School and an MBA from INSEAD. HERNAN DORADO COO Mining Engineer with 15+ years of underground and open pit mining experience. He has in depth knowledge of the El Pingüico mine and vast experience with precious metal projects. Hernan is a graduate of Mining Engineering with an Executive MBA from Escuela Europeade Negocios, Salamanca, Spain RAMÓN DÁVILA PRESIDENT Former COO and Director of First Majestic Silver from 2004-2014; created five new silver mining operations in Mexico and grew production to over 12 million oz of silver equivalent production per year; former Minister of Economic Development for the State of Durango; graduate of the University of Guanajuato in Mining and Metallurgical Engineering and holds a M.Sc. in Mineral Economics from the Colorado School of Mines. RICHARD SILAS VP CORP DEVELOPMENT A 20+ years of experience in corporate governance, regulatory compliance, and the administration of resource companies; his ability to structure and administer companies has been integral to their success. WILLIAM GEHLEN Mr. Gehlen serves as a Director and Manager of Geology for JR Resources Corp. and advises management on technical matters with investments at Dakota Territory Resource Corp.; holds an M.S. (Geology) from the University of Idaho and a B.Sc. (Geology) at the University of Oregon. ADVISORY BOARD STUART "Tookie" ANGUS Business Advisor JOHN BUDRESKI Business Advisor Former Chairman of Nevsun Resources; 30+ years of capital markets experience. Former Vice Chairman of Cormark Securities Inc. and past - President & CEO of Orion Securities Inc. GREG HAWKINS Geological Advisor Global exploration geologist since 1969; holds a BSc in Geology from the University of Alberta and a MSc in Mineral Economics from McGill University. 19#20DISCLAIMER Confidentiality This Presentation is confidential, and the contents are not to be reproduced or distributed to the public or the press. Applicable securities legislation prohibits such unauthorized distribution of information. Each recipient of the information contained in this presentation will treat such information in a confidential manner and will not, directly or indirectly, disclose or permit its affiliates or representatives to disclose such information to any other person or reproduce this presentation in whole or in part, without the prior written consent of GSilver. Forward-looking information This presentation contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the successful acquisition of MMR on the proposed terms and conditions and estimated timing for closing thereof; the ability of GSilver to raise the necessary funding to complete the MMR acquisition (including closing the initial expressions of interest and lead orders) on the terms and conditions contemplated; the exploration, development and production potential of MMR's mining assets and the existence of mineral resources thereon; the ability of GSilver to successfully re-start mining operations at, and supply sufficient mineralized material from, Valenciana and San Ignacio for processing through the El Cubo mill at the projected rate to fill excess capacity at El Cubo and produce sufficient ounces of silver and gold to, inter alia, service and repay its current and proposed debt facilities including, but not limited to, the proposed QP Facility; the ability to successfully integrate MMR's mining assets into the Company's current operations and immediately and substantially expand production to generate positive cash flow from the El Cubo and Topia mills and open up new exploration possibilities as contemplated or at all; and the ability of the MMR Acquisition to keep GSilver on course to expeditiously establish the Company as a mid-tier Mexican precious metals producer. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, unanticipated geological formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other risks in the mining industry. There are no assurances that GSilver will successfully finance and complete the acquisition of MMR on the terms contemplated or at all. In addition, there is uncertainty about the continued spread of COVID-19, the ongoing war in Ukraine, rising inflation and interest rates (domestically and abroad) and the impact they will have on the Company's operations, supply chains, ability to access the MMR properties, El Cubo and/or El Pinguico or procure equipment, contractors and other personnel or raise capital on a timely basis or at all and economic activity in general. All the forward-looking statements and information made in this presentation are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. The forward-looking statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the company. Any offer and sale of securities will be made only to institutional investors or qualified purchasers (entities). The company reserves the right to revise the content of this document in its sole discretion without notice and to reject any request or inquiry made by any interested or prospective purchaser Quality assurance / quality control All scientific and technical information in this presentation has been approved by Hernan Dorado, a director of GSilver and a "qualified person" as defined in National Instrument 43-101 of the Canadian Securities Administrators. 20#21A Contact JJ Jennex Director of Communications (604) 723 1433 Guanajuato @gsilver.com Silver co LTD Suite 578 999 Canada Place, Vancouver, British Columbia, V6C 3E1 TEXCHANGE : GSVR OTC Markets: GSVRF