2. DISCLAIMER
Except for historical information, this presentation may contain certain “forward-looking” statements and information
relating to IMPACT that are based on the beliefs of IMPACT management, as well as assumptions made by and
information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and
assumptions related to certain factors including but not limited to, without limitations, exploration and development
risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions, relationships with vendors and strategic partners,
governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events.
Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove
incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT
does not assume the obligation to update any forward-looking statement.
The factors that could cause actual results to differ materially include, but are not limited to, the following: general
economic conditions; changes in financial markets; the impact of exchange rates; political conditions and
developments in countries in which the Company operates; changes in the supply, demand and pricing of the metal
commodities which the Company mines or hopes to find and successfully mine; changes in regulatory requirements
impacting the Company’s operations; the ability to properly and efficiently staff the Company’s operations; the
sufficiency of current working capital and the estimated cost and availability of funding for the continued exploration
and development of the Company’s exploration properties.
This list is not exhaustive and these and other factors should be considered carefully, and readers should not place
undue reliance on the Company’s forward-looking statements. As a result of the foregoing and other factors, no
assurance can be given as to any such future results, levels of activity or achievements and neither the Company nor
any other person assumes responsibility for the accuracy and completeness of these forward-looking statements.
George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument
43-101, is responsible for the technical information in this presentation.
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3. INVESTMENT HIGHLIGHTS
EXPLORE. PRODUCE. PROFITS!
• Three producing silver mines
• Consistently profitable operations with 5+ years of production & profitability
• Strong asset base with two adjacent 100% owned districts in Mexico
• Focus on accelerating exploration & rapid mine development of high potential
near-term opportunities
• Capire Open-Pit Project scheduled for near term production
• Well-funded with a $33M cash position
• 90% of revenues is silver
• Zero debt
4. PROJECT LOCATION
MEXICO
• IMPACT’s 100% owned adjacent districts are located in the southern
portion of the Mexican Silver Belt
• 423 km² Royal Mines of Zacualpan District
• 200 km² Mamatla Silver District
4
5. STRONG CORE ASSET BASE
• 100% owned 623 km²
land package
• District production
began 1527
• 1975 – 2011: Over
35 million silver
equivalent ounces
produced
• 2,500+ old mine
workings in GIS
database
5
6. ZACUALPAN OPERATIONS
Excellent • Modern power grid • No environmental or security issues
• Paved highway access • Trained work force
Mining
• Abundant water supply • 3 hour drive from Mexico City
Environment
• Three mines feed a central 500 tpd processing plant: currently at 430 tpd
Existing • Currently installing a 200 tpd mill for initial production at new Capire open-pit mine
Facilities
• Acquired operations in 2006 & have been consistently profitable
Proven Track • Silver production increased by 250% from 2007-2011
Record • Organic growth with low production cost (avg. $70 per tonne)
• Revenue per tonne sold increased 37% vs. increase in production cost of 15%
(fiscal years 2008-2010)
9 Months Ended
Sept 30th 2011 Dec 31st 2010 Dec 31st 2009 Dec 31st 2008
Silver Production (oz) 663,853 750,259* 823,571 645,668
Lead (t) 589 734 969 813
Zinc (t) 1,000 1,212 1,098 1,053
Revenue per production tonne sold $207.70 $123.25 $109.51 $89.89
Direct cost per tonne produced $75.52 $63.29 $60.39 $54.80
*Silver production was marginally down 9% because the Company reduced the cut-off grade of the ore mined due to higher Silver prices in 2011
6
7. MINES IN PRODUCTION
CHIVO MINE
• Principle producer
SAN RAMON MINE
• High grade epithermal
silver vein from large
stockwork zone
NOCHE BUENA MINE
• Newest addition to
production profile
OSCAR PROJECT
• Currently studying mine
production feasibility
7
8. MINES IN PRODUCTION
CHIVO MINE Hauling ore from Chivo
Mine
• Discovered in late 2005, rapidly developed & commenced production in
November 2007
• Medium grade epithermal Silver vein with by-product Lead & Zinc
SAN RAMON MINE
• High grade epithermal Silver vein with historic grades of 5,000 g/t silver in
upper levels
• Production expanded based on discovery of 20m wide stockwork zone on
Level 5 San Ramon Mine Portal
NOCHE BUENA MINE
• Discovered in 2008 & initial production achieved in March 2010
• Expanding production with numerous high potential opportunities
Noche Buena Mine Portal
GUADALUPE PROCESSING PLANT
• 500 tpd processing plant fed by the Chivo, San Ramon & Noche Buena mines
• Annual production levels of >1 million oz. silver eq.
• All current mines discovered by IMPACT exploration team
• Future expansion through exploration and development
8
9. GUADALUPE PROCESSING PLANT
• 500 tpd plant located in the Royal Mines of Zacualpan
• Ongoing upgrades to increase throughput and improve
recoveries
9
10. LONG TERM PRODUCTION STRATEGY
To become a Multimillion Ounce Silver Producer with Multiple Production Centres
1. GUADALUPE MINING & PROCESSING
CENTRE
• Current main production area, possible expansion
• Exploration on potential new mine targets
2. CAPIRE MINING & PROCESSING
CENTRE (under construction)
1 • Pilot production scheduled for late 2012
• Potential 800- to 1,500-tpd processing plant
• Development plan for full operating mine
to target expanded production (pending drilling
program results)
3 3. NOCHE BUENA MINING & (future)
PROCESSING CENTRE
• First mine began production in April 2010
2 4 • Ore presently sent to Guadalupe plant
• Exploring gold and silver potential
4. SOUTHEAST ZONE
• Early stage exploration
• Many historic mine workings
10
11. NEXT MINE TO COME ONLINE
CAPIRE VMS PROJECT
• Capire Project represents
new mine operations in a
new district; scheduled for
production late 2012
• Capire VMS Project in the
Mamatla District will be
IMPACT’s fourth producing
mine & first open-pit mine
• Initial annual production
target from new 200 tpd mill
is 300,000 oz silver
• Capire development plan
includes expansion of 800
to 1,500 tpd
11
12. CAPIRE VMS PROJECT
• NI 43-101 Mineral
Resource Estimate on
open pit Capire Project
being expanded by
additional drilling
• All mining permits and
surface rights for the new
plant have been secured
• Several other VMS
targets in close proximity
to be drilled in 2012
• Additional silver vein drill
targets to the north
12
13. NI 43-101 RESOURCE ESTIMATE
CAPIRE VMS PROJECT
Metal Content for Capire + Aurora 1
Ag (oz) Au (oz) Cu (lbs) Pb (lbs) Zn (lbs)
Measured 3,529,969 14,146 3,389,275 18,234,678 46,140,820
Indicated 3,694,066 16,300 3,693,733 19,029,800 49,522,173
Measured &
7,224,035 30,446 7,083,007 37,264,478 95,662,993
Indicated
Inferred 435,959 1,919 475,594 2,260,089 5,823,490
Summary Table Classified Mineral Resources – Measured + Indicated and Separate Inferred
Domain Classification Tonnes Ag (g/t) Au (g/t) Cu (%) Pb (%) Zn (%)
Capire Measured + Indicated 3,104,944 46.46 0.19 0.06 0.33 0.93
Aurora 1 Measured + Indicated 1,807,302 44.50 0.199 0.07 0.36 0.80
Grand Total Measured + Indicated 4,912,246 45.74 0.193 0.06 0.34 0.88
Grand Total Total Inferred 371,066 36.54 0.161 0.06 0.28 0.71
• Expansive drilling program planned for 2012
• Mine construction currently underway
13
14. CAPIRE OPEN PIT MINE DESIGN
3D SURFACE MODEL
Area of defined NI43-101 Resources
Open for expansion
Open for expansion
3D model of planned
Capire open pit
Open for expansion Areas of Phase 2 drill
program
Processing Plant Site
Tailings Facility
OPEN PIT DEVELOPMENT PLAN
• 2012: Initial annual silver production estimated at 300,000 ounces
• 2013: In-house feasibility study for expanded plant sizing
• 2014: Plans to construct an 800 to 1500 tpd processing plant
15. EXPLORATION OPPORTUNITIES
OSCAR VEIN CORRIDOR, ZACUALPAN
OSCAR - SANTA LUCIA ZONES DRILLING HIGHLIGHTS
• Corridor of many wide & high grade OSCAR CORRIDOR
silver veins linking the past producing
True
Cuchara Mine & the Santa Lucia Drill
Width
Ag Au Pb Zinc
Hole (g/t) (g/t) (%) (%)
Zone (m)
Z11-44 0.30 6,730 0.20 1.5 8.0
OSCAR CORRIDOR Including 30.65 291 0.01 0.4 0.4
• Series of high grade silver veins near Z11-46 1.05 4,580 0.26 1.7 4.0
Guadalupe Processing Plant
SANTA LUCIA ZONE
• Currently studying mine production
feasibility Z09-47 3.18 466.6 0.01 0.15 0.70
Z09-53 2.39 419.3 0.03 0.28 0.32
SANTA LUCIA ZONE Z10-03 1.1 588.0 0.05 0.37 2.00
• Drill highlights of 466 g/t silver across Including 1.7 394.2 0.07 1.05 1.57
3.18 meters
• Currently studying for future
underground mine development
16. EXPLORATION OPPORTUNTIES
EMERGING GOLD DISTRICT
GOLD RICH VEINS IN ZACUALPAN DRILLING HIGHLIGHTS
• Veins indicate significant gold and HUATECOSCO GOLD PROJECT
copper zones in the Zacualpan District
Z11-20 9.48 3.97 48.7 N/A 2.62
HUATECOSCO GOLD PROJECT Including 4.24 6.96 84.3 N/A 5.11
• A large gold-silver vein system,
Z11-17 4.74 3.44 117.6 N/A 0.81
southwest of Guadalupe Processing
Plant CARLOS PACHECO ZONE
• Potential new gold district Drill
True
Au Ag Cu Zinc
Width
• Recent drill highlights of 6.96 g/t gold Hole
(m)
(g/t) (g/t) (%) (%)
across 4.24 meters
Z08-68 2.9 19.6 68 0.29 0.11
Including 1.0 49.7 59 0.31 0.14
CARLOS PACHECO ZONE
• Significant gold-copper drill results Z08-65 2.1 11.3 18 -- --
include 19.6 g/t gold across 2.9 meters
Including 1.2 18.8 24 -- --
• Early exploration stage
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17. MINE DEVELOPMENT PROCESS
• $7M exploration program for 2012 includes 35,000 meters of drilling
• Targets are generated by mapping and sampling of old workings
5 STAGE DEVELOPMENT PROCESS
Identify and Surface and Phase 1 & 2 Mine
Map Old Underground Drilling Planning,
Mines and Sampling, Permitting Production
Workings Detailed and
Mapping Construction
Narrowed •Golondrinas •Capire •Chivo
More than down to
2,500 •Huatecosco •San Ramon
500+ •Santa Lucia
Mapped Prospects •Pilarica •Noche
for follow •Oscar Buena
•Cruz Blanca
up
First Drill Hole to Production: 12 – 24 Months
(Chivo, San Ramon Extensions, Noche Buena)
17
18. OPTION AGREEMENT SIGNED
DEFIANCE SILVER CORP (TSX-V:DEF)
Production Exploration
• IMPACT optioned a 200 tpd processing • Nueva Granada Mine
plant &10 mineral concessions in the o Old mine dumps returned 100 – 400 g/t
Zacatecas District to Defiance Silver silver
Corp for cash and major share position
• Cristian Mine
o Samples from surface dumps returned
• Zacatecas’ historical production is over
310 g/t silver, 24% lead, 8% zinc
700M silver ounces
• San Pascual Mine
o Samples from surface dump returned
875 g/t silver
• Defiance recently announced a nearby,
near-term production acquisition
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19. CORPORATE SUMMARY
Year Ended 9 Months Ended Dec 31st Dec 31st Dec 31st
(‘000,000s $CDN except EPS) Sept 30th 2011 2010 2009 2008
Revenue $19.4 $16.7 $12.2 $8.9
Net Earnings $6.9 $3.4 $1.6 $.66
Cash Flow from Operations $9.1 $5.6 $4.4 $1.7
Cash & Cash Equivalents $33.7 $18.7 $5.3 $5.4
EPS $0.11 $0.07 $0.02 $0.01
• Recent share price: $1.76
• Market capitalization: $119.7 million
• Shares Outstanding: 68 Million (73 Million Fully Diluted)
• Long-Term Debt: Nil
• Listings: TSX.V:IPT / Frankfurt: IKL / ISIN: CA45257A1021
• Energold Drilling (EGD: TSX.V) owns 6.87 Million shares
• Institutions hold 30% of shares outstanding
19
20. PROVEN PROFITABILITY
$30,000,000
Revenue
PROJECTED*
$25,000,000 Net Earnings
Operating Cash Flow
$20,000,000
($CDN)
$15,000,000
$10,000,000
$5,000,000
$-
2006 2007 2008 2009 2010 2011
$(5,000,000)
Year
CAPITAL EXPENDITURE USE EFFICIENCY ($CDN)*
Total funds raised since start Property payments, plant & equipment,
Cash Available
of operations in January, 2006 and exploration expenditures
$28 Million $38 Million $33.7 Million
*Estimated projection based on inhouse estimates
20
22. IMPACT’S BOARD OF DIRECTORS:
PROVEN LEADERSHIP
Frederick W. Davidson (CA) President, CEO & Director
Held senior management positions with Erickson Gold Mines Ltd. and TOTAL Energold Corp. Part of the
management team that took both the Erickson and Mt. Skukum Gold mines from discovery to production. Currently
President of Energold Drilling Corp. (EGD: TSX-V).
George A. Gorzynski (P.Eng) VP Exploration & Director
Director of Tirex Resources Ltd., Defiance Silver Corp., Rupert Resources Ltd. and Berkwood Resources
H. Walter Sellmer (P.Geo) Director
Held senior management positions with Amax Exploration, Canamax Resources and TOTAL Energold Corp.
Victor A. Tanaka (P.Geo) Director
Held senior positions with Teck Cominco, Asamera, Freeport McMoran, Aber Resources, Major General Resources
and Canarc. Participated in the discovery of Polaris and Sunrise Mines.
Richard J. Mazur (P. Geo, MBA) Director
Holds senior positions in Alto Ventures Ltd. and Forum Uranium Corp.
Peter Tredger (P. Eng, MBA) Director
Past Vice President of Thompson Creek Metals Company Inc. and held senior management positions at Glencairn
Gold Corp. and Wheaton River Mineral Ltd.
Jean-Pierre Boutin (MBA) Director
President and Money Manager in a private equity firm in Greenwich, Connecticut, former
Treasurer of Xerox Corporation, Emerging Markets.
22
23. 2012 OBJECTIVES
• Commence open pit production of 200 tpd at the new Capire Project in late
2012
• Ramp up production at Zacualpan’s Guadalupe Processing Plant to 500 tpd
• Accelerate the Oscar Project into production, which is planned to feed high
grade silver ore to the 500 tpd Guadalupe Processing Plant
• Asses economic viability of the Huatecosco Gold Project and continue
exploration of new silver targets and gold-copper systems
• A strong positive cash flow and $33.7 million in the treasury allows for
accelerated growth through aggressive exploration and potential
acquisitions
For more information please contact:
604 681 0172
inquiries@impactsilver.com
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