#1SILVER VALLEY METALS TSX.V SILV | QTCQB SVMFF SILVERVALLEYMETALS.COM INVESTOR PRESENTATION MARCH 2023 Mexican Project A potassium and lithium resource located on the Central Mexican Plateau.#2PAGE 2 Forward Looking Statements Certain statements in this presentation are forward-looking and involve a number of risks and uncertainties. Such forward looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase 'forward-looking information' in the Canadian Securities Administrators' National Instrument 51-102 - Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this presentation includes, the Company's intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the option agreement to acquire 100% of the Ranger-Page Project; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. Qualified Person Timothy Mosey, B.Sc., M.Sc., SME is a Qualified Person as defined by NI 43-101 and has reviewed and approved the technical data and information contained in this presentation. SILVER VALLEY METALS TSX.V SILV | QTCQB SVMFF#3PAGE 3 SILVER VALLEY METALS About Us Silver Valley Metals ("Silver Valley" or the "Company") is a brownfields exploration Company that has two projects, one located in the Silver Valley, Idaho (silver, zinc, lead) and the second project located in Zacatecas, Mexico (Lithium and SOP). Silver Valley's primary focus is on its flagship Ranger-Page Project ("The Project") located in the Silver Valley of Idaho, 60 kilometres east of Coeur d'Alene and 1 kilometre from the I-90 freeway. In 2020 Idaho was ranked the first in the world in policy perception and 9th best mining jurisdiction (Fraser Institute Annual Mining Survey). The Project borders the famous Bunker Hill Mine to the west and for the first time consolidates the western extent of the prolific Silver Valley mining corridor by one operator in the past 100+ years. The Project is on patented claims, there are no royalties and comprise 6 historical mines. The largest of these, the Page Mine, was a top ten producer in the Silver Valley producing over 1 billion pounds of zinc and lead and 14.6 million ounces of silver. The Page Mine has high grade silver-zinc-lead historic reserves and remains wide open at depth beyond what has been defined to date. There is shared underground infrastructure connecting the larger Page mine with five shallow historical mines within the larger Project area. The Company has underground mining data and surface geological data that supports high grade silver-zinc-lead mineralization present within the shallow, undeveloped mines. These mines remain open at depth, and laterally along strike. Exploration potential beyond the historical mines is considered significant due to no modern systematic exploration applied to the project. Silver Valley also has a 100%-owned interest in a lithium and potassium bearing salar complex comprising 4,056 hectares on three mineral concessions (the "Mexican Projects") located on the Central Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico. The NI 43-101 inferred mineral resource contains 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE) and remains open in all directions for expansion. The Company is currently exploring strategic alternatives for the Project to enhance shareholder value. The Company considers the asset valuable and important. SILVER VALLEY METALS TSX.V SILV | QTCQB SVMFF#4>>>> 100% OWNED POTASSIUM-LITHIUM PROJECT IN MEXICO WITH NI 43-101 INFERRED RESOURCE Project Highlights 100% ownership of three high priority primary Sulphate of Potash (SOP) sediment and brine salar targets. Principal salars: Santa Clara, La Salada, Caliguey Contained 12.3 Mt of sulphate of potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE), Dual high value commodities of SOP and Lithium as co-products Maiden Mineral Resource Estimate (NI 43-101 compliant) of 120Mt of Inferred Mineral Resources grading 4.6 potassium (K) and 380ppm lithium (Li) PAGE 4 ○ La Salada Santa Clara, Caliguey Mexico State of San Luis Potosi » Santa Clara, the most prospective and largest salar in the District, possesses size and scale (5km x 2km) with grades from the first 5m in sediments averaging ~4.8% potassium over the entire salar >>> Deep basin large aquifer potential defined by a regional geophysics survey near Santa Clara, indicating that the salar basin depth may be much greater than previously contemplated Large land position and first mover advantage in a new District within an emerging potassium-lithium province in the Central Mexican Plateau >>> Mexico imports 100% of all potash - significant opportunity to fulfill supply needs » >>> Excellent infrastructure in place, including abundance of skilled labour, an international airport, modern highways, railways, and sufficient power Seasoned local management team based in-country in Zacatecas, Mexico State of Zacatecas 000 SILVER VALLEY METALS سالحد Mexico City TSX.V SILV | QTCQB SVMFF#5PAGE 5 Board of Directors Brandon Rook, B.Sc, BA PRESIDENT & CEO, DIRECTOR Mr. Rook has over 25 years of diversified business experience working as a geologist, advisor to numerous publicly listed companies as well as a CEO, President, and Director of several TSX-V listed companies. Currently he is a director of four public companies. Mr. Rook has been responsible in raising over $100 million to date. As a geologist and executive, he has worked with and led teams that have had significant discoveries in gold, copper, oil, natural gas, and diamonds. Timothy Mosey, B.Sc, M.Sc DIRECTOR Mr. Mosey has over 30 years of experience in the mining industry, previously in the private equity investment space at Resource Capital Funds (RCF) and Traxys. As the managing director of the Traxys projects investment fund, Mr. Mosey was directly responsible for the investment and management of projects around the globe. In a career focused on technical due diligence and project finance, Mr. Mosey has reviewed projects from around the world, travelled extensively to more than 60 countries on six continents and has gained experience across the commodity spectrum, from precious, base and minor metals to ferro alloys, rare earths, industrial minerals, coal and uranium. Mr. Mosey holds a Bachelor of Science degree in geological engineering from South Dakota School of Mines and a Master of Science degree in mining engineering from the Colorado School of Mines. Darrell Podowski, LLB, B.Sc DIRECTOR Mr. Podowski has over 28 years of international experience in the mining industry and is highly regarded as one of the top mining lawyers globally. Darrell was previously in-house corporate counsel to Teck Resources Limited, and is currently one of the key M&A lawyers for Antofagasta Minerals SA and Freeport-McMoRan Inc. for each of their respective worldwide project acquisitions and exploration projects. He currently is a partner with the national law firm Cassels Brock & Blackwell LLP, and previous to that, he was a lawyer at a number of other major law firms, including one off-shore. Darrell has acted for numerous junior, mid level and senior mining companies during his legal career. Prior to his legal career, he was an oil and gas exploration geophysicist with Amoco Canada Petroleum Company. Clive Massey DIRECTOR Mr. Massey is President, CEO & Director of Universal Copper. Mr. Massey has held directorships and senior management positions with numerous TSX Venture Exchange listed companies. Over the last 30 years he has been responsible for the raising of tens of millions in equity for those companies. He was previously CEO of Redhill Resources, Windfire Capital, Aldever Resources, Prescient Mining and Universal Uranium. He has also acted in an Investor Relations and or Corporate Finance capacity for Lumina Copper, Pacific Rim Mining, Marifil Mines, Sumo Minerals, Greystar Resources and the North Air Group of Companies. SILVER VALLEY METALS TSX.V SILV | QTCQB SVMFF#6PAGE 6 Management Brandon Rook, B.Sc, BA PRESIDENT & CEO, DIRECTOR Mr. Rook has over 25 years of diversified business experience working as a geologist, advisor to numerous publicly listed companies as well as a CEO, President, and Director of several TSX-V listed companies. Currently he is a director of four public companies. Mr. Rook has been responsible in raising over $100 million to date. As a geologist and executive, he has worked with and led teams that have had significant discoveries in gold, copper, oil, natural gas, and diamonds. Dale Moore, B.Sc, P.Geo EXPLORATION DIRECTOR Mr. Moore has been involved in multiple successful projects in the Silver Valley over the past 13 years. He assisted with the planning and execution of Americas Gold and Silver's Galena GIP project (10 km's from Ranger-Page), which added over 100 million silver equivalent ounces over a two- year period. Other recent successes, all located in the vicinity of the Ranger-Page project include developing an updated Leapfrog model for Idaho Strategics' Golden Chest deposit. Dale and his team developed modern geologic models of the Gold Hunter Deposit, and the Galena Complex, all of which assisted with the addition of near mine resources and or extensions of known mineralization. Additional projects in the Silver Valley include the Star, Coeur, Caladay, and Sunshine mines. Mr. Moore has assisted Hecla's corporate development team with technical due diligence related to M&A targets, and with negotiations related to the acquisition of Rock Creek and Monitor projects, a large silver-copper resource in northwest Montana. Dong Shim, CPA, CA, CPA (ILLINOIS) CHIEF FINANCIAL OFFICER Mr. Shim has led a successful accounting and finance career in both the US and Canada. He brings a wealth of knowledge to the team with his expertise in auditing publicly-traded junior mining companies and high-tech industries. He is a member of the Chartered Professional Accountants of British Columbia and a Certified Public Accountant registered in the State of Illinois, United States. He is also an audit partner on numerous audit engagements for various publicly traded companies. Mr. Shim also assisted various start-up companies in achieving public listings on the TSX Venture Exchange, Canadian Securities Exchange and the OTC Market. Gilberto Zapata Castaneda, MBA COUNTRY MANAGER Mr. Castaneda is an entrepreneur and mining executive from Zacatecas, Mexico. His work history includes participation with numerous mining ventures throughout the district and ownership of small businesses. Mr. Castaneda's responsibilities at Silver Valley Metals include business development for the company. Mr. Castaneda has provided invaluable assistance and continues to play a key role in the project development. Mr. Castaneda is a graduate of Tecnologico de Monterrey and the Thunderbird School of Global Management. Mr. Castaneda resides in Zacatecas, Mexico. Jose de Jesus Parga TECHNICAL ADVISOR Mr. Parga is a renowned Mexican geologist (National Award in Geology, 2005, by AIMMGM). For the past nine years, he has worked on potassium-lithium projects in central Mexico, including Silver Valley's concessions. In addition to exploration geology duties, he managed relations with the government institutions and the rural communities. Mr. Parga has been very active with the project, helping enormously with the Company's due diligence work and continued evaluation of the properties. Douglas Dobbs, BA CORPORATE DEVELOPMENT DIRECTOR Mr. Dobbs brings more than 25 years of experience in senior leadership and board positions including Mines Management, Inc. (acquired by Hecla Mining (NYSE: HL), Avista Labs Corp. (NYSE: AVA), Idaho North Mines, and investment firms Piper Jaffray Co. and National Securities Corp. Mr. Dobbs is a graduate of Hillsdale College with a bachelor's degree in Economics, and he has been a speaker at numerous investment conferences throughout North America and Europe discussing the topics of gold, silver, investing and economics. SILVER VALLEY METALS TSX.V SILV | QTCQB SVMFF#7A CONTAINED 12.3 MT OF SULFATE OF POTASH (SOP) AND 243,000 TONNES OF LITHIUM CARBONATE EQUIVALENT (LCE) Maiden Mineral Resource Estimate MAIDEN MINERAL RESOURCE ESTIMATE SALAR MINERAL RESOURCE CATEGORY TONNES (MT) PAGE 7 LA SALADA SALAR MINERAL RESOURCE ESTIMATE K (%) LI (PPM) SALAR MINERAL RESOURCE CATEGORY TONNES K (%) LI (PPM) (MT) LA SALADA 20 4.1 880 POTASSIUM 11 5.3 518 SANTA CLARA 85 4.8 264 HIGH LITHIUM 7 2.5 1,488 Inferred Inferred CALIGUEY 15 4.3 373 LOW LITHIUM 2 2.3 782 TOTAL 120 4.6 380 TOTAL 20 4.1 880 120 million tonnes (Mt) of Inferred Mineral Resources grading 4.6% potassium (K) and 380 ppm lithium (Li) A continuous high-lithium portion of La Salada salar containing 7Mt grading 1,490 ppm within a total 20Mt grading 4.1% potassium (K) and 880 ppm lithium (Li) A contained 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE) Sediment sampling is restricted to 5 metre depths in most areas; excellent exploration potential to increase the Mineral Resource at depth and by extending the sampling to the edge of the salar basins where sampling has not taken place La Salada separate statement is provided to demonstrate the different grades within the three modelled domains (high-potassium, high-lithium and low-lithium) to highlight the potential to mine a higher-lithium product at La Salada. NOTES: Mr. Martin Pittuck, CEng, MIMMM, FGS, is responsible for this Mineral Resource statement and is an "independent qualified person" as such term is defined in NI 43-101. Mineral Resource is reported above breakeven value of USD 37/t; calculated using potassium and lithium grades, recoveries, operating costs and selling prices on a block-by-block basis. Mineral Resource is considered to have reasonable prospects for eventual economic extraction by open pit surface mining. Mining Resources are not Mineral Reserves and do not have demonstrated economic viability. The statement uses the terminology, definitions and guidelines given in the CIM Standards on Mineral Resources and Mineral Reserves (May 2014) as required by NI 43-101. Effective date 17 December 2018. MRE is reported on 100% basis. Tonnes are reported in metric units. SILVER VALLEY METALS TSX.V SILV | QTCQB SVMFF#8ZACATECAS OS1 EXCELLENT INFRASTRUCTURE IN THE REGION Location & Infrastructure Strategic land position in an emerging potassium-lithium province in the Central Mexican Plateau. Located near Zacatecas, Mexico the company benefits from the presence of Fresnillo Plc, the top producer of silver in Mexico. There is an abundance of skilled labour, service suppliers, and equipment vendors available meaning no need to construct camps or any other residential infrastructure as the workforce is local to the Project. Zacatecas has an international airport, modern highways transecting the project areas, railway is located nearby, power is sufficient, there is an abundance of water, and easy access to ports on both the Gulf of Mexico and Pacific Ocean. Fresnillo SILVER VALLEY METALS arcia Victor Rosales Mineral Concessions Primary Road Secondary Road Railroad Zacatecas Troncoso Guadalupe 1:1,000,000 50 km Ojo PAGE 8 SILVER VALLEY METALS s INFRASTRUCTURE Zacatecas & San Luis Potosi # SALAR 1 La Salada 2 2 Santa Clara Caliguey 49 SAN LUIS POTOSI Salinas de Hidalgo Caliente Sources: Esri, DeLorme, USGS, NPS, Sources: Esri, USGS, NOAA TSX.V SILV | QTCQB SVMFF#9AN EMERGING LITHIUM-POTASSIUM PROVINCE Central Mexican Plateau An emerging potassium-lithium province Mineral rich brines from salty lagoons require intense volcanic activity, post volcanic activity that contributes to the mineralizing fluids, a hot dry climate with low humidity that allows a strong evaporation and consequent mineral concentration. These conditions are also seen in Nevada, South America (Chile, Argentina, Bolivia) and Tibet Historically the nearest resources outside the US were South America, and the "Lithium Triangle" of Chile, Argentina, and Bolivia The Central Mexican Plateau satisfies these conditions and is emerging as a new potassium-lithium province, with demand for both growing rapidly. Demand for potash fertilizer in Mexico has become a national priority as Mexico is 100% dependent on imports for these commodities Salar - a natural salt pan or salt lake formed by evaporation Work Timeline of the Salars of the Central Mexican Plateau PAGE 9 VIEW OF LA SALADA SALAR 1652 Colonial Spanish produced salt from the brines in the region 1837 Began salt production by pumping brines to surface for evaporative concentration 1912 Salt production 50 tons per day with capacity "for double that" 1989 Mexican Geologic Survey (MGS) found Lithium in sediments up to 300 mg/L 1992 MGS found Lithium in evaporation lagoons at Caliguey Salar ranging from 12,000-21,000 mg/L 2010-2012 Prior owner collected over 3,500 sediment samples from surface to 5m depths with up to 2,590 ppm Lithium & 11% Potassium 2016 Lab studies completed by Alset suggests that the majority of Lithium is not held as smectite/hectorite 2017 Weak acid leach tests reveal up to 97% recovery of lithium from salar sediments. Drilling program at La Salada salar confirms sediment resources and significant potassium in near- surface brines 2019 First resource estimate published defining 12.3 Mt sulphate of potash and 243,000 tons of lithium carbonate and wide open for expansion including brine potential to be tested SILVER VALLEY METALS TSX.V SILV | QTCQB SVMFF#10MOST PROSPECTIVE SALAR IN THE PORTFOLIO Santa Clara Salar . High priority for sediment exploration and future deep basin target drilling for SOP and Lithium brine. Size: 2,490 hectares, Scale: ~5 km x 2 km Artesian brine wells noted in the vicinity of the salar by local community Strong potassium grades reported in 848 sediment samples at Santa Clara ranging in grade from 1.25% 6.61%, averaging ~4.80% Sediment sampling is restricted to 5 metre depths in most areas; excellent exploration potential to increase the Mineral Resource at depth and by extending the sampling to the edge of the salar basins where sampling has not taken place SILVER VALLEY METALS 2578000 2580000 0 0.5 1 2582000 2 km Coordinate System: Nad 1927 UTM Zone 13N Datum: North American 1927 788000 788000 790000 Sutti 19: Santa Clara 790000 792000 LEGEND Sediment Sample Silver Valley Claim Salar Outline 792000 TSX.V SILV | QTCQB SVMFF 2578000 2580000 2582000 PAGE 10#11DEEP BASIN BRINE AQUIFER POTENTIAL Santa Clara Salar • Geophysics completed by Zenith Minerals on neighboring salars from Santa Clara (within 10km) indicates strongly conductive anomalies with the potential to host a deep basin aquifer Santa Clara salar is the largest salar in the district and hypothesized that it may be the centre point of a regional basin Geophysics results indicate basin depths of 100m to 1,000m which is analogous to similar producing brine aquifers at Clayton Valley, Nevada 2017 DRILL RIG FOR DIAMOND AND AUGER DRILLING SILVER VALLEY METALS 100.0 820 672 55.1 45 2 370 30.4 249 204 167 137 11.2 92 76 62 51 42 34 28 23 19 15 13 10 Resistivity Ohm-m 500m 1000m MAGNETOTELLURICS PROFILE, SAN VICENTE-SAN JUAN SALAR (EAST OF SANTA CLARA) 1000 1400 100.0 820 07.2 1200 561 45.2 370 30-4 24.9 204 167 137 512 92 70 62 01 42 34 28 19 15 13 10 Resistivity Ohm-m 500m 1000m 簾 MAGNETOTELLURICS PROFILE, ILLESCAS SALAR (SOUTH OF SANTA CLARA) PAGE 11 200 Elevation (m) 200 TSX.V SILV | QTCQB SVMFF#12+2594200 -2394000 SILVER VALLEY METALS EXPLORATION POTENTIAL IN THE SEDIMENTS CONTINUOUS HIGH-GRADE LITHIUM La Salada Salar Continuous high lithium portion at La Salada salar containing 7Mt @ 1,490 ppm; remains wide open at depth beyond the 5 metres tested to date; 600 hectares 20Mt averaging 4.10% potassium (K) and 880ppm lithium (Li) Historic sediment sampling in 2011 on 100m x 100m grid, 151 excavated pits to 5m with each meter channel sampled (711 samples) DOA565Z+ +2593600 x+2593400 +2503200 +2593000 +2592800 Elev (2) 6900 50 100 150 200 KZONE 2 K LI_HG LT_LG 717200 717 717400 7178 0.8 0.7 7.8 28 28 26 28 24 24 20 B 25 23 0.9 1.8. 2.0 14 13 T1700 719000 717000 TITI 117000 TIN00 777000 71TOE 21700 Potassium camping Project Ladaana balar cacatecas, MEXICO Potassium Values (%) K-1 meter depth Scale Schematic Cantours 1% K TSX.V SILV | QTCQB SVMFF 05 08 09 Potassium-% 20 21 21 22 20 PAGE 12#13EXPLORATION POTENTIAL IN THE SEDIMENTS CONTINUOUS HIGH LITHIUM La Salada Salar 2017 drill program of 40 auger holes ranging in depth from 4.5m - 25.5m for sediment and near-surface brine sampling Potassium in water peaked at 27,000 mg/l with an avg. of 13,000 mg/l and sulfate (SO4) peaked at 40,000mg/l with an avg. of 17,000 mg/l 2017 diamond drill hole ended at 50m - salar basement not confirmed +717600 E +2055 15-105 +2040 907 913 1593 1421 +2025 1967 +717525 E +2010 +1995 +717600 E +717450 E 1517-AC01 1727 1515 1840 1-160 +717375 E +717300 E +717225 E +717150 E L5-105 1517-AGO11 1621 1590 5611 1517-AG913 LS17-AGD10 1703 1447 1451 1935 19 1757 1533 1708 1705 042 1255 1247 aze 983 601 735 411 663 508 496 403 447 442 326 295 272 330 314 263 455 239 +717525 E SILVER VALLEY METALS +717450 E +717400 +717375 E +717300 E ++717200 +717225 E +717075 E 15-COS K(%) KZONE K 9.06 8 L HG LT LG 6 +205 1517-AG009 1754 941 1623 1627 1911 1692 2022 1254 876 317 612 +717150 E LS-FOS +2040 1310 +717075 E +202 +2010 +1005 716200 716800 716900 117000 717100 200 117/300 717400 717500 21700 22800 23200 17600 PAGE 13 717600 71770 23255 22759 22300 21500 7010 22441 22221 21921 21561 21053 22500 24000 A 22800) 4820 20256 19759 19207 18726 16900 23100 14200 8860 17929 17069 18135 15027 13974 13013 8830 6990 711 11807 11024 10156 9362 23800 16900 18700 8675 2080 8039 7416 8689 6153 12500 5525 17800 22000 4997 4488 4161 3890 2940 3530 51604970 3632 4900 3397 2933 2064 1039 7000 7750 3970 4230 683 9- -990 K-mg/L 5010 3540 575 716700 716000 16000 117000 717100 717300 111400 117500 718000 717750 La Salada Šalar - Auger Hole Data - Scale Schematic Potassium in Brine mg/L - Contour Interval - 4000 mg/L NEAR-SURFACE BRINES TSX.V SILV | QTCQB SVMFF#14BNO-1-CAL BNO-4-CAL SEDIMENTS AND BRINE Caliguey Salar • 966 Hectares Historic sampling by the Mexican Geological Survey (MGS) in 1992 Brine from 20m wells pumped to the surface and concentrated by evaporation yielded lithium results of 1.2 2.1% (12,000 - 21,000 mg/l) Sediment samples ranged from 200 - 1,500 ppm lithium Historic sediment sampling in 2010 on 100m x 100m grid, 300 excavated pits to 5m with each meter channel sampled (1,512 samples) Potassium average of 4.30%, lithium average of 373ppm Historic RC drill program of 5 holes in 2010 ranging in depths of 34 to 60 meters, salar basement was not intersected SILVER VALLEY METALS 2011 RC DRILLING Caliguey San Luis Potosi 0 100 200 Meters 400 Coordinate System: NAD 1927 UTM Zone 13N BNO-3-CAL BNO-5-CAL Laguna José Caliquey BNO-2-CAL SILVER VALLEY METALS e PAGE 14 006 RC DRILLING AT CALIGUEY CALIGUEY - 2010 POTASSIUM IN SEDIMENTS (%) TSX.V SILV | QTCQB SVMFF#15PAGE 15 SOP IS AN ESSENTIAL FERTILIZER FOR HIGH VALUE CROPS About SOP Sulphate of Potash (SOP) • SOP is a fertilizer product used in the production of high-value, chloride intolerant sensitive crops (fruits, vegetables and tree nuts) Also known as K₂SO4 Increases yields, fights disease, and significantly improves the flavor, colour and longevity of the crop Contains abundant sulfur, a beneficial secondary nutrient for healthy plant growth Soluble SOP can be delivered directly to plants and sells at a significant premium to standard and granular SOP Muriate of Potash (MOP) Standard source of potassium Also known as KCI Contains chloride (no nutrient value), which can be harmful to the point of killing crops through toxicity. Chloride can leach into groundwater or build up in arid soil conditions, impacting yields and crop quality MOP is applied to low-value, chloride-tolerant crops (rice, corn, maize, wheat, etc.) Price averages less than half of SOP SILVER VALLEY METALS SOURCE: PUBLIC DISCLOSURE, CRU GROUP, ARGUS MEDIA GROUP. (1) SOURCE: CRU GROUP. (2) SOURCE: 2020 SUPPLY AGREEMENT BETWEEN BPC AND CHINA CONSORTIUM. TSX.V SILV | QTCQB SVMFF#16PAGE 16 SULPHATE OF POTASH: LOWEST COST PRODUCER SOP Production Processes & Costs The Company is targeting the deep brine aquifers for the potential of future PRIMARY SOP production. This represents the lowest cost SOP production worldwide if successful in discovery SOP is produced by three main processes: 1. Salt lake brine processing through evaporation and purification - organic 2. Secondary process of reacting MOP with sulfate salts 3. Mannheim process of reacting MOP with sulfuric acid SOURCE: CRU GROUP JANUARY 2020 MARKET OUTLOOK. INDUSTRY COST CURVE SHOWS TOTAL CASH COST OF EXISTING SOP MINES THAT ARE CURRENTLY IN PRODUCTION. PUMPED BRINE SALINE LAKE EVAPORATION SURFACE PONDS SALINE LAKE BRINE PROCESSING GLOBAL SOP CASH COST I CURVE (US$/T FOB) 400 Existing Brine Producers have a competitive cost of 300 200 production advantage as evaporation is the lowest cost SOP production method worldwide. BRINE HIGH SECONDARY/MANHEIM PRODUCTION 100 BRINE LOW 0 SILVER VALLEY METALS 2019 CUMULATIVE ANNUAL PRODUCTION: 6.5MTPA EVAPORATION SECONDARY/MANHEIM PRODUCTION SURFACE PONDS FLOODED MINE SUBMERSIBLE PUMPS SOLUTION MINING INJECTION TSX.V SILV | QTCQB SVMFF#17LITHIUM AND SULPHATE OF POTASH SEDIMENT PROJECTS Peer Comparisons PAGE 17 NOTE: (1) MARKET CAPITALIZATION FIGURES IN US$ AS AT 14 APRIL 2022 2) GANFENG PURCHASED BACANORA IN 2021 FOR US$391M COMPANY LOCATION DEPOSIT DESCRIPTION - GRADE TONNES MARKET CAP ($) (1) BACANORA (GANFENG LITHIUM) Mexico Sonora deposit Lithium: 3,250 ppm Li / 1.4% K -M&I 5 Mt LCE & 4Mt SOP $20B (2) LITHIUM AMERICAS - TSX :LAC Nevada Thacker Pass deposit Lithium: 3,283 ppm Li - Proven & Probable 3.14 Mt LCE $4B IONEER LTD - ASX :INR Nevada Rhyolite Ridge deposit Lithium: 1,600 ppm Li / 14,200 ppm B M&I+Inferred 1.25 Mt LCE & 12 Mt Boric Acid $1.1 B AMERICAN LITHIUM - TSX .LI Nevada Tonopah deposit Lithium: 912 ppm M&I VERDE AGRITECH TSX NPK Brazil Cerrado Verde deposit SOP: 9.28% K20 M&I ARIZONA LITHIUM - ASX. AZL Arizona Big Sandy deposit Lithium 1850 ppm Indicated/Inferred CYPRESS DEV.- TSXV: CYP Nevada Clayton Valley deposit Lithium 905 ppm Li - Indicated JINDALEE RESOURCES ASX JRL Oregon McDermitt deposit Lithium 1320 ppm Li - Indicated/Inferred BRADDA HEAD LITHIUM LON:BHL Arizona Wikieup/Basin deposits Lithium 818 ppm Li / 3.3% K - Inferred NORAM LITHIUM - TSXV:NRM Nevada Zeus deposit Lithium 923 ppm Li - M&I SOPERIOR FERTILIZER Utah Blawn Mountain SOP 3.51% K2O M&I SILVER VALLEY METALS Mexico Mexican Deposit Lithium 3 deposits: 880/373/264 ppm Li Inferred SILVER VALLEY METALS Mexico Mexican Deposit SOP 3 deposits: 4.1% K/4.3%K/4.8%K Inferred SILVER VALLEY METALS 5.37 Mt LCE $604M 296 Mt K₂O $376M 321kt LCE $283M 6.28 Mt LCE $225M 10.1 Mt LCE $204M 185kt LCE $59M 1.78 Mt LCE $57M 5.5 Mt K20 $11.5M 243kt LCE $7M 12.3 Mt SOP $7M TSX.V SILV | QTCQB SVMFF#18THE COMPANY'S HIGH GRADE BRINE TRADES AT A SIGNIFICANT DISCOUNT TO PEERS Peer Comparisons COMPANY SYMBOL LOCATION STAGE COMPASS MINERALS CMP.NYSE INTERNATIONAL Utah, Ontario, Brazil, UK Integrated Producer PAGE 18 MARKET CAP ($) (1) K BRINE GRADE (MG/L) US$2.25 B 6,000 AGRIMIN AMN.ASX W. Australia DFS in 2020, EIS in mid-2022, FID in H2 2022, 70% of production under offtake A $121 M 3,349 (3) KALIUM LAKES KLL.ASX W. Australia Commissioning, H2 2022 for initial commercial production. A $80M 5,897 (2) AUSTRALIAN POTASH APC.ASX W. Australia In development, final equity financing. 90% of production under offtake A $50M 3,402 (4) REWARD MINERALS AWD.ASX W. Australia Pre-Feasibility A $19M 4,750 SILVER VALLEY METALS SILV.V Mexico Preliminary Sampling $7M 12,720 NOTES: (1) MARKET CAPITALIZATION FIGURES AS AT 14 APRIL 2022 (2) KALIUM LAKES BRINE GRADE (MG/ BASED ON COMBINED MEASURED, INDICATED, INFERRED RESOURCE (3) AGRIMIN BRINE GRADE (MG/ BASED ON TOTAL MINERAL RESOURCE (TOTAL POROSITY) ORE RESERVE GRADE 2 815 K (MG/ AS PER JANUARY 20 2020 ASX RELEASE FOR MINERAL RESOURCE AND AS PER JULY 21 2020 ASX RELEASE FOR ORE RESERVE (4) AUSTRALIAN POTASH BRINE GRADE (MG/ BASED ON MEASURED RESOURCE AS AT JUNE 30 2020 SILVER VALLEY METALS TSX.V SILV | QTCQB SVMFF#19100%-OWNED LITHIUM-POTASSIUM PROJECT IN MEXICO WITH NI 43-101 INFERRED RESOURCE Snapshot A Exploration Potential Experienced Local Management Team Size & Scale Potential il PAGE 19 Current NI 43-101 Resource Dual High Value Commodities As Co-Products Deep Basin Aquifer Potential 100% Ownership Mining-Friendly State in Mexico Large Land Position SILVER VALLEY METALS Exposure to SOP & Lithium TSX.V SILV | QTCQB SVMFF#20Capital Structure SHARE STRUCTURE Common Shares (Basic) 48.7 M Options 4.8 M Warrants @ $0.15 (Nov-24) 13.7 M Warrants @ $0.30 (Mar-25) 2.8 M Total Shares (FD) 69.9 M FINANCIAL Recent Share Price (2) Market Cap (C$) (Basic) Average Daily Volume (90-day) SILVER VALLEY METALS C$0.13 $7.5 M 48,184 SHARE PRICE PERFORMANCE (1-YEAR) (2) Apr '22 Jun '22 سیال PAGE 20 0.3 0.25 0.2 0.15 0.13 0.1 0.05 1M 45K Aug '22 Oct '22 Dec '22 Feb '23 SOURCE: TMX GROUP, SEDAR, YAHOO FINANCE. (1) AS AT MARCH 14, 2023. (2) AS AT MARCH 14, 2023. TSX.V SILV | QTCQB SVMFF#21silvervalleymetals.com SILVER VALLEY METALS DOUGLAS DOBBS CORPORATE DEVELOPMENT DIRECTOR E: [email protected] M: 604-800-4710 HEAD OFFICE 750 1095 WEST PENDER - STREET VANCOUVER, B.C. V6E 2 M6 PAGE 21 TSX.V SILV | QTCQB SVMFF