This document provides an overview and corporate presentation for IMPACT Silver Corp. Key points include: - IMPACT is a Canadian silver mining company with production at its Royal Mines of Zacualpan in Mexico and several exploration projects. - It has a strong financial position with $19.6 million in cash and no debt as of Q3 2012. - Construction is underway for the new Capire Mine and processing plant in Mexico to drive production growth. - Resources reported for Capire include over 7 million ounces of silver and 30,000 ounces of gold. - A new high-grade Cuchara-Oscar Mine is scheduled to begin production in early 2013.

1. C O R P O R AT E P R E S E N T AT I O N │ J AN U AR Y 2 0 1 3
T S X – V : I P T │ F R AN K F U R T : I K L

2. Cautionary Disclaimer
Forward Looking Statements
JANUARY 2013
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.
NI43-101 QUALIFIED PERSON
George Gorzynski, P.Eng., Vice President, Exploration and a Qualified Person under the meaning of
Canadian National Instrument 43-101, is responsible for the technical information in this presentation.
1

3. Why IMPACT Silver?
Profitable silver production at the Royal Mines of Zacualpan in Mexico
Corporate focus is on profits: 1,390% increase in net earnings from 2006 to 2011
A strong cash position of $19.6M as of Q3 2012, no debt and 90% of revenues from silver
Construction of new mining district nearing completion: Capire Mine and Processing Plant in Mexico
Several attractive exploration targets within land package to drive organic growth
Investor-friendly, tightly managed share structure (72M Shares FD)
30,000,000
25,000,000
20,000,000
Revenues
15,000,000
Earnings before taxes
10,000,000
5,000,000 Operating cash flow before changes in
non-cash working capital
0
2006 2007 2008 2009 2010 2011 As of
Sept. 30
2 2012

4. Board of Directors
Frederick W. Davidson, CA – President & CEO, Director
• 35+ years mining & corporate finance experience
• Founding President of IMPACT Silver Corp. & Energold Drilling Corp.
• Held senior management positions at Erickson Gold Mines Ltd. and Mt. Skukum Gold Mines.
George A. Gorzynski, P. Eng – VP Exploration, Director
• 30+ years of international mineral exploration and mining experience. Currently Director of Tirex Resources Ltd.,
Defiance Silver Corp. and Berkwood Resources Ltd.
H. Walter Sellmer, P. Geo – Director
• Held senior management positions at Amax Exploration, Canamax Resources Inc. and TOTAL Energold Corp.
Victor A. Tanaka, P. Geo – Director
• Held senior positions in mineral exploration at Cominco, Asamera, Freeport McMoRan, Aber, Major General, Fjordland
and Pathfinder. Currently President & CEO of Bayswater Uranium.
Richard J. Mazur, P. Geo, MBA – Director
• Held senior management positions at Canamax Resources Inc. and IMPACT. Currently CEO of Alto Ventures Ltd. and
President & CEO of Forum Uranium Corp.
Peter N. Tredger, P. Eng, MBA – Director
• Held senior management positions at Glencairn Gold Corp., Wheaton River Minerals Ltd. and Blue Pearl Mining Ltd.
Currently VP of Thompson Creek Metals Company Inc.
Jean-Pierre Bourtin, MBA – Director
• Former Treasurer of Xerox Corp., Latin America & Emerging Markets. Currently President & Money Manager of a
3 private investment firm in Wilton, Connecticut.

5. Financial Highlights – Nine Months Ended Sept 30, 2012
• Market cap: C$80 Million • Warrants: Nil
• Cash position: C$19.6 Million • Debt: Nil
• Shares outstanding: 68M (FD 72M) • Cash flow per share²: $0.04
Nine months
($000’000’s CDN except of EPS) ended Sept. 30, 2011 2010 2009
2012
Revenue $11.3 $24.3 $16.7 $12.2
Mine operating earnings $3.6 $12.9 $7.4 $4.2
Net earnings (loss) after taxes $(0.3) $7.6 $3.4 $1.6
EBITDA $2.1 $13.0 $6.5 $3.4
Operating cash flows¹ $2.4 $10.2 $5.4 $3.7
Cash $19.6 $30.8 $18.7 $5.3
Working capital $26.9 $31.9 $20.2 $6.3
Earnings per share $0.00 $0.12 $0.07 $0.02
¹Before changes in non-cash working capital
²Non GAAP working measure; operating cash flow before changes in non-cash working capital divided by weighted average
4 number of common shares outstanding

6. Growth in Production
• Mines in Production: • Mines Under Construction:
• San Ramon Mine • Capire Mine
• Noche Buena Mine • Cuchara-Oscar Mine
• Gallega Mine
• Chivo Mine
Nine Months Ended Dec 31 Dec 31 Dec 31
Sept 30, 2012* 2011 2010 2009
Silver production (oz) 472,182 833,607 750,259 823,571
Gold production (oz) 465 676 600 810
Lead production (t) 384 731 734 969
Zinc production (t) 611 1,248 1,212 1,098
Total tonnes milled 125,956 154,289 131,348 114,340
Tonnes milled per day 463 424 360 313
Revenue per tonne $98 $171 $123 $110
Direct Cost per tonne $63 $70 $63 $60
*Production decreased as operations transition from older, lower grade mines to new high grade mines, with
5 scheduled completion of this transition for Q1 2013

7. Location on Mexican Silver and Gold Vein Belt
6

8. Royal Mines of Zacualpan – Prolific Mining History
The Royal Mines of Zacualpan is one of the
oldest mining districts in the Americas, with
485 years of recorded mining history
IMPACT bought the Zacualpan assets in
2006 and consolidated ownership of the
entire district for the first time in its history
IMPACT’s intensive exploration work has
catalogued over 3,000 old mine workings in
the GIS database, forming an invaluable
basis for modern and effective exploration
One of 42 historic processing plants found in the
district attesting to a long history of silver mining
7

9. Zacualpan – Mamatla Silver Districts
Capire District
Zacualpan District
Valle de Oro Area
Production in 2012:
• Chivo Mine
• San Ramon Mine
• Noche Buena Mine
• Gallega Mine
Under Construction:
• Capire Mine
• Cuchara-Oscar Mine
Exploration:
• Valle de Oro area
Huatecosco Vein
Carlos Pacheco Vein
Pilarica Vein
• Zacualpan District
La Condesa Vein
Mirasol Prospect
• Capire District
Cruz Blanca
8 This map is reproduced in miniature on following slides Santa Rita

10. One Land Package, Two Production Centres
Guadalupe Production Centre Capire Production Centre
Current active production center with four The Capire pilot plant is rated at 200 tpd with the
underground silver mines : the San Ramon, potential to produce 200,000 ounces of silver per
Noche Buena, Chivo and Gallega Mines year, with plans for future expansion .
Capire Mine is an open-pit VMS deposit with NI
New underground high grade Cuchara-Oscar 43-101 measured and indicated resources of
Mine is scheduled for production in early 2013 7.2M oz Ag and 30,446 oz Au (January, 2011)
Guadalupe Mill - 500 TPD crushing and flotation circuit Capire Pilot Plant - 200 TPD crushing and flotation circuit
9

11. One Land Package, Multiple Mines
San Ramon Mine – Restarted production in early 2008. Currently 50% of total
production. Large veins and stockworks of high grade epithermal mineralization.
Noche Buena Mine – Commenced production in 2010. Currently 25% of total
production. Large epithermal veins located in the Valle de Oro area.
Gallega Mine – Currently 13% of total production. Production was restarted in late
2012 to augment the declining silver grades at the Chivo Mine; will continue to supply
modest silver-rich feed to the mill until the Cuchara-Oscar Mine is in production.
Chivo Mine - Started high grade silver production in 2007. Now mainly mined for
lead and zinc as high grade silver production transitions to new Cuchara-Oscar Mine.
Cuchara-Oscar Mine – Corridor of many wide and high-grade silver veins linking
the legacy Cuchara Mine and the Santa Lucia zone. Scheduled to commence
production in Q1 2013.
Capire Mine – Open-pit, VMS deposit with high grade polymetallic mineralization.
Construction and pre-stripping for the open-pit is advancing with the initial test milling
in early 2013.
Valle de Oro – Current exploration area. Widespread mesothermal veins indicate
potential gold-copper subdistrict lying beneath the Zacualpan Silver District. Initial high
10 grade drill results at the Carlos Pacheco and Huatecosco veins.

12. New Mine Under Construction: Cuchara-Oscar Mine
Oscar is a high-grade silver vein
corridor linking the past-producing
Cuchara Mine and the Santa
Lucia zone
Production at Cuchara-Oscar is
scheduled for Q1 2013, with
mineralization planned to feed the
nearby Guadalupe Mill
Utilizing the legacy Cuchara Mine
infrastructure allows for lower
capital costs and rapid mine
development at Oscar
11

13. Cuchara-Oscar & Santa Lucia Zone Drill Highlights
A Selection of Oscar Vein Drill Highlights
Drill Hole To (m) From (m) Interval (m) Ag (g/t) Au (g/t) Pb (%) Zn (%)
Z11-64 36.60 43.20 6.60 223 0.08 0.18 0.52
Z11-69 0.70 3.35 2.65 408 0.62 0.73 1.12
Z11-74 21.35 22.35 1.00 1,875 0.74 2.65 6.88
Z12-05 92.50 97.60 5.10 234 0.05 0.14 0.49
A Selection of Santa Lucia Drill Highlights
Z09-35 81.42 82.85 1.43 600 0.08 - -
Z09-47 60.60 66.90 6.30 278 0.01 0.15 0.70
including 63.72 66.90 3.18 467 0.01 0.24 1.11
Z09-53 216.13 218.52 2.39 419 0.03 0.28 0.32
See News Releases dated: April 23, 2012, December 16, 2009 & October 6, 2009
12

14. New Capire Mine and Production Centre
Area of defined N
Open-pit
NI 43-101 Resource 200 tpd pilot mill
3D model of Remains
planned open for
open-pit expansion
Mill
Tailings facility
Capire open-pit 3D model Capire open-pit Mine and Pilot Plant
(under construction)
2012 2013 & 2014 2015 & 2016
Construction Pilot plant Plans to construct a
of 200 tpd production to large, permanent plant
pilot plant; optimize design at Capire; size will be
11,850m drill parameters for determined by
program expanding mine exploration and pilot
(completed) and plant plant results
13

15. NI 43-101 Mineral Resource Estimate – Capire Mine
Published: February 2011
Metal Content for Capire Mine Ag (oz) Au (oz) Cu (lb) 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 & Indicated (M&I) 7,224,035 30,446 7,083,007 37,264,478 95,662,993
Inferred 435,959 1,919 475,594 2,260,089 5,823,490
Summary Table of Classified Mineral Resources – Measured & Indicated and Separate Inferred
Zone Classification Tonnes Ag g/t Au g/t Cu (%) Pb (%) Zn (%)
Capire M&I 3,104,944 46.46 0.19 0.06 0.33 0.93
Aurora 1 M&I 1,807,302 44.50 0.199 0.07 0.36 0.80
M&I 4,912,246 45.74 0.193 0.06 0.34 0.88
Total
Inferred 371,066 36.54 0.161 0.06 0.28 0.71
• Drilling in 2010 showed Capire and Aurora 1 to be one continuous zone, now referred to as Capire
• Initial mining grades anticipated to be 150 g/t silver
14

16. Capire Drill Highlights – November 2012
Drill From To Interval Ag Au Pb Zn Cu
Hole (m) (m) (m) (g/t) (g/t) (%) (%) (%)
C12-06 78.25 80.30 2.05 507 1.81 2.20 4.02 0.41
including 79.30 80.30 1.00 929 3.27 2.77 5.27 0.63
and 105.70 110.80 5.10 183 0.20 1.05 2.45 0.13
C12-21 83.35 110.10 16.75 153 0.40 1.14 2.71 0.21
including 92.40 97.00 4.60 435 0.71 3.13 5.99 0.48
C12-25 13.20 23.35 10.15 107 0.58 0.90 2.43 0.10
including 13.20 15.25 2.05 315 0.91 2.93 8.19 0.25
• Drill holes listed above were drilled vertically and all intersections are estimated to be close to true
width
• These holes expanded to the extent of the Capire mineralization to the north and south; the zone
remains open for further expansion to the east
• Exploration drilling in 2013 will focus initially on the Cruz Blanca and Santa Rita prospects
15

17. Capire Exploration
VMS mineralization in
Capire District is
predominantly silver-rich
with zinc, lead, copper
and gold credits
District covers the same
stratigraphy as the Campo
Morado VMS belt, where
Nyrstar N.V. is in
commercial production on
the G-9 deposit
Several VMS targets in
close proximity to Capire
will be drilled: Guadalupe,
Cruz Blanca, Santa Rita &
Aurora II
16

18. Geology
Veins in the METAL ZONING IN ORE SHOOTS
Zacualpan Depth Strike Length Mining Level
District tend to be 150-420 m (500-1400 ft)
silver-rich near Surface (0m / 0 ft)
Silver-rich at top Cuchara-Oscar Mine
the top
(commonly 1,000+ g/t) 200 – 1,000+ g/t Ag
Noche Buena Mine
Increasing
San Ramon Mine
lead and zinc 150 m (500 ft)
& decreasing
silver
towards the
bottom Lead & Zinc rich
at bottom Chivo Mine
300 m (1,000 ft) 60 – 150 g/t Ag
Significant Valle do Oro Area
gold and Typical
copper Mining Width Gold-Copper
may lie at 3 m (10 ft) at depth
depth
17

19. Valle de Oro – Drill Highlights
A Selection of Carlos Pacheco Drill Highlights
Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%)
Z08-68 Top of intercept - 85.74 2.90 19.6 68 0.29
including Top of intercept - 85.74 1.0 49.7 59 0.31
Z12-13 192.30 199.00 6.70 3.84 28 0.54
including 192.30 195.05 2.75 8.47 56 1.12
Z12-23 229.85 230.95 1.10 3.82 84 0.54
A Selection of Huatecosco Drill Highlights
Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Pb (%) Zn (%)
Z11-17 54.51 59.25 4.74 3.44 117.6 0.59 0.81
Z11-19 114.65 117.40 2.75 3.53 320.8 0.43 0.57
Z11-20 167.90 178.20 10.30 3.97 48.7 1.69 2.62
including 167.90 172.50 4.60 6.96 84.3 2.89 5.11
Z11-48 351.70 355.80 4.10 5.22 30.10 0.69 1.78
including 353.75 354.50 0.75 25.0 50.10 0.49 1.59
18 See News Releases dated July 11, 2012, October 12, 2011 and June 2, 2011

20. Rapid Exploration To Mine Development
A cornerstone of IMPACT’s success has been rapid mine development to
increase mill throughput and generate near-term cash flow
EXPLORATION AND MINE DEVELOPMENT PROCESS FLOWCHART:
RESEARCH FIELD WORK DRILLING MINE
DEVELOPMENT MINE
Compile old Surface & Drilling in PRODUCTION
mines/ underground phases Mine Planning,
& CASH
prospects from sampling, based on Permitting and
FLOW
historic maps mapping success Construction
• Capire (North)
More than • San Ramon
• Pilarica
3,000 old Prioritize and • Capire
• Condesa & • Noche
mines and select
Cuchara North • Cuchara- Buena
prospects areas and
catalogued prospects • Carlos Pacheco Oscar • Gallega
to date for drilling • Huatecosco
• Chivo
19

21. Exploration Targets
An abundance of attractive exploration targets to drive organic growth
and potentially advance into production
Zacualpan District Capire District
• Mirasol • Cruz Blanca
• Condesa • Santa Rita
• Santa Efigenia • Manto Rico
• Guadalupe
Valle de Oro Area Dominican Republic
• Carlos Pacheco • Early stage exploration
• Huatecosco on legacy claims
• Pilarica
• El Gigante
20

22. Summary of Operations
IMPACT’s goal is to build a multimillion ounce precious metals producer with multiple
processing centers in multiple districts
1. Zacualpan District
• The San Ramon, Noche Buena, Chivo and
Gallega Mines currently feed the Guadalupe
Processing Plant
• Cuchara-Oscar is the next producing mine
1
2. Capire District
• New production centre in new district
• Initial production through 200-tpd pilot plant
• Multiple silver targets in area
3. Valle De Oro Area
• Area of both silver and gold-copper veins
3
• Exploration program currently underway
• Potential site of a third processing plant
2 4
4. Southeast Exploration Area
• Currently mapping numerous old
mine workings, early stage exploration
21

23. Future Plans & Goals
2014 & Onward
• Define expansion plan
2013 for the Capire Mine and
Processing Centre
• Begin production at both the
Cuchara-Oscar Mine and the Capire
Mine and Processing Centre • Continue exploration and
expansion of mining
activities with the aim to
• Continue aggressive exploration establish IMPACT as a
across expansive land package to multimillion ounce
accelerate organic growth precious metals
producer
• Pursue accretive M&A
opportunities of advanced stage
assets
22

24. Why IMPACT Silver?
Strong cash
position & zero Expanding
debt silver
production
Proven history of with two new
profitable mining mines
success commencing
production in
Explore. early 2013
Produce.
Profit!
Tight share Numerous
structure and small exploration
market cap for a targets to
This statue of a miner is located in front of the
church in the town of Zacualpan, signifying the profitable junior drive organic
importance and acceptance of mining within silver producer growth
the community and the surrounding areas.
23

25. Contact Us
Telephone: 1 604 681 0172
Email: inquiries@impactsilver.com
www.impactsilver.com
TSX-V: IPT