1. 1
JULY 2014 | Q1 2014
TSXV: IPT
Frankfurt: IKL
US OTC: ISVLF
2. 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, 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.
Cautionary Statement
2
3. SILVER
PRODUCTION
NEW HIGHER
GRADE SILVER
MINES
NEW GOLD
PRODUCTION
PRUDENT
MANAGEMENT
IMPACT Silver has been a steady silver producer since 2006 with low cost operations on
one large property in central Mexico.
2014 saw the beginning of new gold mining from the Carlos Pacheco Zone diversifying
Company metal production
2013 saw the new Cuchara Silver Mine begin production and 2014 will see additional
transitioning of silver production to the new higher grade silver mines at Mirasol and
San Patricio
Management is focused on building value by efficient use of funds and technical assets, in
pursuit of building a multimillion ounce precious metal producer
Overview
3
4. Frederick W. Davidson, CA President, CEO, Director President of IMPACT Silver and Energold Drilling Corp. Over 33 years of mining experience, including
holding various senior positions at Erickson Gold Mines Ltd. and Mt. Skukum Gold Mines.
George Gorzynski, P. Eng. VP Exploration, Director Over 30 years of exploration and mining experience; also current Director of Tirex Resources, Defiance
Silver and Berkwood Resources.
Richard Younker, CA, CMC CFO Held the senior financial consulting principal position at Woods Gordon; independent financial
consultant in public and private sectors.
Armando Alexandri COO Over 35 years of mining experience in underground and open-pit mines as well as flotation and
cyanidation processing plants.
H. Walter Sellmer, P. Geo Director Held senior positions at Amax Exploration, Canamax Resources Inc. and TOTAL Energold Corp.
Victor Tanaka, P. Geo Director President and CEO of Bayswater Uranium Corp. Held senior positions at Asamera Inc., Freeport
McMoRan Gold Corp., Aber Resources, Major General Resources, Fjordland Exploration and Pathfinder
Resources.
Richard Mazur, P. Geo, MBA Director President and CEO of Forum Uranium Corp. and CEO of Alto Ventures Ltd. Held senior positions at
Canamax Resources and IMPACT Minerals.
Peter Tredger, P. Eng., MBA Director Former Senior Officer of Thompson Creek Metals Company. Held senior positions at Glencairn Gold
(now B2Gold) and Wheaton River Minerals (now Goldcorp).
Jean-Pierre Bourtin, MBA Director President of a private equity firm in Connecticut, USA. Former Treasurer of Xerox Corp., Latin
American and Emerging Markets.
Directors & Management
4
5. • 100% owned and operated large 623 km² (62,300 ha)
mineral exploration land package in south-central Mexico.
• Two contiguous mineral districts with long history of silver
mining and entering new era of gold mining.
• A three hour drive southwest from Mexico City, with paved
road access to the gate of IMPACT’s Guadalupe Production
Center.
• Excellent infrastructure, with a modern power grid, ample
water supply and a skilled, 99% Mexican workforce.
• Many other significant mining operations in the region.
5
Property Description
6. • The Royal Mines of Zacualpan is one of the
oldest mining districts in the Americas, with
nearly 500 years of recorded mining history
• IMPACT’s 623 km² land package has a long
history of silver mining and is now entering a
new era with the addition of gold production on
the same property
• IMPACT’s exploration work has catalogued
over 3,500 old mine and mill workings,
indicating large exploration potential and
forming an invaluable database for modern and
effective exploration.
Prolific Mining History
6
Zacualpan District
Capire District
Early stage
exploration area
Number of Old Mine Workings
>3,500
Valle de Oro
Subdistrict
7. • The Royal Mines of Zacualpan is one of the oldest
mining districts in the Americas, with nearly 500
years of recorded mining history.
• IMPACT’s 623 km² land package consists of two
large mineral districts and one subdistrict: The
Zacualpan District and the Capire-Mamatla
District, and the Valle de Oro subdistrict.
• IMPACT’s exploration work has catalogued over
3,500 old mine and mill workings, forming an
invaluable basis for modern and effective
exploration.
Prolific Mining History
7
Zacualpan District
Capire District
Valle de Oro
subdistrict
Early stage
exploration area
Number of Old Mine Workings
>3,500
8. Mines and Processing Plants
• Two Processing Plants fed by multiple mines
• The 500-tpd Guadalupe Production Center is
the main production facility which receives
mineral from four underground mines located
within close proximity:
• Cuchara-Oscar Silver Mine
• Noche Buena Silver Mine
• San Ramon Silver Mine
• Carlos Pacheco Gold Mine
• The 200-tpd Capire Pilot Plant is being used
as a bulk testing/processing facility and was
most recently used to test the processing of
gold and copper feed from the Carlos
Pacheco Zone
8
9. 9
One Property - Two Processing Plants
GUADALUPE PRODUCTION CENTRE CAPIRE PILOT PLANT
500 TPD (Tonnes Per Day) 200 TPD (Tonnes Per Day)
10. San Ramon
Began production in 2004
Epithermal silver veins and
breccias in Zacualpan District
Recent discovery of new high
grade silver veins at depth
have extended mine life
Contribution to total
production in Q1 2014: 21%
Noche Buena
Began production in 2010
Epithermal silver veins in
Valle de Oro subdistrict
located in the Zacualpan
District
Contribution to total
production in Q1 2014: 22%
Cuchara-Oscar
Began production in 2013
Corridor of epithermal veins
linking new and legacy
mines; recently ramped up to
become the principal
producing mine in the
Zacualpan District
Contribution to total
production in Q1 2014: 48%
Carlos Pacheco
Began initial production
Q1/2014
Mesothermal gold+/-copper
veins found near and within
Noche Buena Silver Mine
Mineral is mixed with silver
mineralization at Guadalupe
Plant and gold recovered in
lead concentrates
One Property - Four Producing Mines
10
48%Production Contribution
22% 21%Production Contribution Production Contribution
9%
Production Contribution
11. Geology of Epithermal Vein Systems
Silver-rich at top of vein
150 – 1,000+ g/t Silver
Lead and Zinc-rich at
bottom of vein
50 – 120 g/t Silver
Gold-copper at depths
of 300 m+
Metal Zoning in Mineral Shoots
Strike Length
150 – 420 m (500 – 1,400 ft)
Metal Level in Producing Mines
Surface – 0 m (0 ft)
150 m (500 ft)
300 m (1,000 ft)
Depth
11
Noche Buena Mine
San Ramon Mine
Carlos Pacheco/San Juan
Mine
Mirasol Zone
Cuchara-Oscar Mine
San Patricio Zone
12. 12
Carlos Pacheco / San Juan Gold-Copper Zone
• Mining for gold and copper began
at Carlos Pacheco South in
January 2014
• Drilling in 2013 began outlining
the larger San Juan Gold-Copper
Zone
• The Zone remains open for
expansion to depth with additional
drilling planned
13. Rapid Exploration To Mine Development
RESEARCH
Compile old
mines/ prospects
from historic
maps
DRILLING
Drilling in
phases based
on success
MINE
DEVELOPMENT
Mine Planning,
Permitting and
Construction
FIELD WORK
Surface &
underground
sampling,
mapping
MINE
PRODUCTION &
CASH FLOW
More than 3,500
old
mines and
prospects
catalogued
to date
Prioritize and
select
areas and
prospects
for drilling
• San Juan
• San Patricio
• Cuchara North
•Cuchara-Oscar
•San Ramon
• Noche
Buena
• Carlos Pacheco
•Mirasol
•San Patricio
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:
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14. Production Summary
Production Highlights Q1 2014 YE 2013 Change YE 2012
Silver production (oz) 148,696 682,526 +10% 620,515
Gold production (oz) 234 1269 +102% 629
Average mill head grade (silver
grams per tonne)
137 158 +14% 138
Total tonnes produced (t) 39,775 159,270 -6% 168,826
Tonnes produced per day 442 436 -6% 463
Revenue per production tonne
sold
$72 $84 -10% $94
Direct costs per production
tonne
$66 $68 +9% $62
14
Silver-Focused Producer
Silver
80.83%
5.54%
4.68% 8.94%
Revenue Breakdown by Metals (2013)
Silver production
(oz)
Lead production (t)
Zinc production (t)
Gold production
(oz)
15. (CDN$000’000’s except EPS) Q1 2014 YE 2013 YE 2012 YE 2011
Revenues $3.0 $14.1 $15.9 $24.3
Operating expenses 3.0 11.4 $10.3 $10.1
Mine operating earnings (loss)* ($0.1) $1.5 $4.0 $12.9
EBITDA ($0.7) ($4.6) $1.6 $13.0
Net earnings (loss) ($1.3) ($8.5) ($1.1) $7.6
Operating cash flow** $0.5 $0.6 $3.3 $10.2
Debt Nil Nil Nil Nil
Earnings (loss) per share – basic ($0.02) ($0.13) ($0.02) $0.12
Cash and cash equivalents $2.5 $3.5 $16.0 $30.8
Working capital $6.1 $6.9 $21.4 $31.9
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*Before Amortization and Depreciation
**Before changes in non-cash working capital
Financial Highlights
The Company’s working capital and cash position decreased from the year ended December 31, 2012, as the Company invested in the
development of the Capire Mine and Pilot Plant, as well as continued exploration in the Zacualpan District.
16. All prices in Canadian Dollars As of July 17 2014
Common shares – Issued & Outstanding 68.1 M
Fully Diluted 74.6 M
Share Price $0.60
52wk Range $0.44 - $1.02
90-Day Average Daily Volume 39,935 Shares
Market Capitalization $41 M
Insider and Institutional Ownership 14.9%
Options Issued 6.4 M
Warrants Nil
Corporate Summary (TSX-V: IPT)
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Source: Yahoo Finance
1-Year Chart Summary
17. 2014
• TRANSITION TO NEW PRODUCTION
• Complete ramp up of Cuchara Silver Mine (Q1 - Done)
• Begin mining gold at Carlos Pacheco South (Q1 – Done)
• Begin new higher grade silver production at Mirasol Mine (Q2)
• Begin new higher grade silver production at San Patricio Mine (Q3)
• Begin mining gold + silver +/- copper from San Juan Zone (Q4)
2015+
• EXPANSION AND EXPLORATION
• Consider putting Capire open pit silver mine back into production with possible larger processing plant
when silver prices recover
• Consider building new gold-copper processing plant near Carlos Pacheco / San Juan
• Continue exploration on >3500 silver and gold-copper targets, and expansion of mining activities with
aim to grow IMPACT Silver into a multimillion ounce precious metals producer
Plans for Growth
17
19. Appendix I: Capire NI 43-101 Resource Estimate
Completed 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
Total
M&I 4,912,246 45.74 0.193 0.06 0.34 0.88
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
• See National Instrument 43-101 Resource Estimate on the Company website at www.impactsilver.com
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20. Appendix II: Capire Drill Highlights
A Selection of Capire Drill Highlights
Drill Hole From (m)
To
(m)
Interval
(m)
Ag (g/t) Au (g/t)
Pb
(%)
Zn
(%)
Cu
(%)
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 83.35 100.10 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
• See IMPACT Silver News Release dated October 25, 2012
20
21. Appendix III: Mirasol Drill Highlights
A Selection of Mirasol Drill Highlights
Drill Hole Vein Name From (m)
To
(m)
True Width
(m)
Ag (g/t) Au (g/t)
Pb
(%)
Zn
(%)
Z12-71 Mirasol Central 73.9 82.9 8.94 183 0.030 0.07 0.14
including Mirasol Central 75.2 82.4 7.15 216 0.040 0.08 0.16
Z12-79 Mirasol Arriba 3 127.25 128.40 1.14 400 0.034 0.13 0.08
and Mirasol Arriba 1 162.60 164.48 1.88 529 0.283 0.37 1.31
Z12-80 El Deshuesadero 83.45 85.15 1.55 931 0.300 1.03 2.10
Z12-82 Mirasol 188.75 190.55 1.80 946 0.893 1.51 3.43
Z12-85 Mirasol Arriba 3 147.15 148.26 1.11 1,064 0.187 0.46 2.05
Z12-86 El Deshuesadero 217.25 220.70 3.20 289 0.090 0.14 0.51
• Mirasol was discovered in November 2012, 5.5km from the Guadalupe Production Center, in Zacualpan
• Several high grade silver values discovered, with drill hole Z12-79 encountering seven distinct veins, all of which are contributing potentially economic silver
intersections. For details see IMPACT Silver News Releases dated January 28, 2013 and November 26, 2012
21
22. Appendix IV: Cuchara-Oscar Drill Highlights
A Selection of Cuchara-Oscar Drill Highlights
Drill Hole To (m) From (m) Interval (m) Ag (g/t) Au (g/t) Pb (%) Zn (%)
Z11-46 92.10 97.75 5.65 1,007 0.07 0.50 1.1
including 96.70 97.75 1.05 4,580 0.26 1.70 4.0
and 108.95 111.70 2.75 1,128 0.51 0.90 1.4
Z11-55 21.80 22.85 1.05 435 0.01 0.15 0.24
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
Z12-08 22.36 45.75 23.39 115 0.02 0.12 0.36
• See IMPACT Silver News Releases dated October 26, 2011 and April 23, 2012
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23. Appendix V: Carlos Pacheco 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 Intermediate Vein Drill Highlights
Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Pb (%) Zn (%)
Z12-16 100.00 114.30 14.30 0.04 82 0.09 0.19
including 100.00 106.50 6.50 0.06 119 0.06 0.14
Z12-18 57.00 59.00 2.00 0.20 337 0.23 0.43
Z12-23 26.10 28.10 2.00 0.22 207 0.10 0.15
• In addition to the gold-copper mineralization in the Carlos Pacheco vein, other drill holes intersected Ag-Pb-Zn mineralization in the Intermediate vein cluster, located midway between the
Carlos Pacheco and Noche Buena veins. See IMPACT Silver News Releases dated December 4, 2008 and July 11, 2012
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24. Appendix VI: Condesa Drill Highlights
A Selection of Condesa Drill Highlights
Drill Hole To (m) From (m) Interval (m) Ag (g/t) Au (g/t) Pb (%) Zn (%)
Z12-39 167.30 171.00 3.70 312 0.029 0.27 0.90
Z12-42 136.00 139.78 3.78 214 0.269 0.15 0.37
Z12-45 177.90 179.00 1.10 1,655 0.010 0.25 0.08
Z12-46 151.40 154.25 2.85 255 0.111 0.22 0.46
Z12-55 57.80 59.60 1.80 245 0.030 0.12 0.36
Z12-63 106.50 108.85 2.35 231 0.010 0.16 0.26
Z12-64 101.10 105.55 4.45 200 0.035 0.21 0.49
Z12-68 46.40 50.30 3.90 250 0.009 0.07 0.16
• Condesa will be accessed through the underground workings of the Cuchara Mine,
• Mineralization from Condesa is planned to augment production from Cuchara-Oscar
• See IMPACT Silver News Release dated November 19, 2012 for details
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25. Appendix VII: San Juan Project Drill Highlights
A Selection of San Juan Project Area Drill Highlights
Drill Hole Vein Name From (m) To (m) True Width (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) Cu(%)
Z13-42 Carlos Pacheco 119.30 128.60 9.02 21.3 3.894 0.98 3.28 0.11
including Carlos Pacheco 127.65 128.60 0.92 73.3 33.630 4.09 12.02 0.10
Z13-44 Noche Buena 11.60 14.00 2.07 1,409.8 0.963 0.29 0.34 0.03
and Carlos Pacheco 158.05 162.40 4.03 30.9 4.070 0.18 0.83 0.12
Z13-45 Carlos Pacheco 169.00 173.00 3.78 18.3 9.350 0.04 0.08 0.22
Z13-60 Noche Buena 16.15 28.35 12.20 300.5 0.256 0.06 0.19 0.01
Z13-67 Carlos Pacheco 14.60 22.55 7.17 37.20 3.439 0.02 0.07 0.53
Z13-71 Carlos Pacheco 157.45 160.75 3.19 276.9 10.343 0.56 0.76 1.88
Z13-76 Noche Buena 52.00 57.87 5.67 994.2 1.102 0.27 0.28 0.02
• The San Juan Project Area encompasses a series of old mine workings containing multiple working levels located 150m to the north of the Noche
Buena Mine. These old working lie along the northern extension of the Carlos Pacheco Vein, where previous drilling intersected 19.6g/t gold across
2.9m and 3.84g/t gold across 6.7m. See IMPACT Silver News Release dated October 30, 2013 for details.
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