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  1. 1. 1 TSX.V : IPT September 2015
  2. 2. Forward-Looking Statements: 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. Cautionary Statement: The Company’s decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company’s geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company, and in the track record of mineral production and financial returns of the Company since 2006. Under NI43-101 the Company is required to disclose that it has not based its production decisions on NI43-101-compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure. 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 Statements 2
  3. 3. SILVER PRODUCTION NEW HIGHER GRADE SILVER MINES GOLD & COPPER ZONES EXTENSIVE EXPLORATION UPSIDE HIGH GRADE DRILL TARGETS IMPACT Silver has been a steady silver producer since 2006 with low cost operations on one large property covering two silver districts in central Mexico. 2014 saw initial test mining of new gold zones and metallurgical testing of copper zones in the Carlos Pacheco area, with the future aim to diversify Company metal production In response to lower silver prices, mining is successfully transitioning to new higher grade silver mines at San Ramon and Mirasol Exploration continues to evaluate some of the 4,000+ historic mine workings in the district indicative of extensive silver and gold mineralizing systems New high grade drill targets have been defined on large vein systems in the Alacran North, San Ramon Deeps, El Paso and San Pablo areas Overview 3
  4. 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. Victor Tanaka, P. Geo Director President & 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. 5. • 100% owned and operated large 357 km² (35,700 ha) mineral concession package in south-central Mexico. • Two contiguous mineral districts with long history of silver mining and nascent new era of gold mining. • A 3.5 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. 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 large land package has a long history of silver mining and is now entering a new era with the test mining of gold on the property • IMPACT’s exploration work has catalogued over 4,000 old mine workings and 42 historic processing plants, indicating extensive historical mining, large exploration potential and forming an invaluable database for modern and effective exploration Prolific Mining History 6 El CalvarioNombre de Dios Some of the 42 historic processing plants of the Zacualpan District La Cadena La Fortuna La Zorra El Calvario
  7. 7. Mines and Processing Plants • Two Processing Plants and multiple mines • The 500-tpd Guadalupe Production Center is the main production facility which receives mineral from three underground mines located within close proximity: • Cuchara-Oscar Silver Mine • San Ramon Silver Mine • Mirasol Silver Mine • The 200-tpd Capire Pilot Plant is currently on care and maintenance, and was most recently used to bulk test the processing of gold and copper feed from the Carlos Pacheco Zone 7
  8. 8. 8 One Property - Two Processing Plants GUADALUPE PRODUCTION CENTRE (500 TPD) CAPIRE PILOT PLANT (200 TPD)
  9. 9. Mirasol Began production in Q2/2014 High grade epithermal silver veins Part of production transition to mining of higher grade silver veins in response to lower silver prices Contribution to total production in Q2.2015: 14% and expanding San Ramon Began production in 2004; High grade epithermal silver veins Currently expanding production on new high grade vein discovery at depth Contribution to total production in Q2.2015: 41% and expanding Cuchara-Oscar Began production in 2013 Corridor of epithermal veins linking new and legacy mines Production is from medium grade epithermal silver and lead-zinc veins Contribution to total production in Q2.2015: 45% One Property - Three Producing Mines 9
  10. 10. 10 San Ramon Deeps High Grade Silver Discovery • Recent drilling has begun outlining a new deep high grade silver zone at the San Ramon Mine • Recent mining is averaging 248g/t Silver (mining diluted grade) from Levels 18, 19 and 20 • The zone remains open for expansion to the south, north, down dip and up dip with additional underground drilling now started New high grade silver discoveries (in red) Open for expansion; drilling underway
  11. 11. 11 Big Exploration Upside • Exploration continues to evaluate the 4,000+ historic mine workings located on hundreds of mapped veins (red lines on map) indicating an extensive mineralizing system • Area 1: Brownfields exploration for silver veins within close trucking distance to the Guadalupe plant; area includes the San Ramon, Cuchara and Mirasol mines • Area 2: Early stage exploration for Zacualpan southeast extension silver veins • Area 3: Brownfields to intermediate exploration mainly on silver-rich VMS targets; includes the open pit Capire mine • Area 4: Brownfields to early stage exploration on copper-gold and silver vein targets Area 1 Area 3 Area 4 Area 2
  12. 12. 12 Area 1: Alacran North Exploration Area • Numerous drill targets are being developed on veins with high silver and gold assays located between two large historic Mines • The Guadalupe Mine to the north produced over 10 million ounces silver between 1972-1991, and much more since first recorded production in 1529 • The Alacran Mine to the south is marked by extensive underground workings with historic reports of high grade silver and gold mining beginning before 1527 1.2+kmzone AlacranDeepsDrillTarget Drill Targets Guadalupe Deeps El Paso San Ignacio Remedios El Progresso Alacran Deeps Guadalupe Mine >>10M oz Ag historic production Alacran Mine Large historic silver & gold production
  13. 13. Area 3: Capire Mine and Plant Capire open-pit 3D model Capire open-pit Mine and Pilot Plant on VMS Silver –Lead-Zinc Deposit (currently on standby) Open-pit 200 tpd pilot plant Expansion area for 2015 mineral resource report Mill Tailings facility Area of 2011 Mineral Inventory 3D model of planned open-pit 12 N
  14. 14. 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 14 San Ramon Mine Deeps Carlos Pacheco/San Juan Mine Mirasol Zone Cuchara-Oscar Mine
  15. 15. 15 Area 4: Carlos Pacheco / San Juan Gold-Copper Zone • Test mining of gold and metallurgical testing of copper carried out at Carlos Pacheco South in 2014 • Drilling in 2013-14 began outlining the larger San Juan Gold- Copper Zone • The Zone remains open for expansion to depth with additional drilling planned
  16. 16. 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 83.35 110.10 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 (See IMPACT Silver news release dated October 25, 2012 for details.) 14
  17. 17. 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 4,000 old mines and prospects catalogued to date Prioritize and select areas and prospects for drilling • San Juan •Alacran North (drilling planned) • El Paso (drilling planned) • Cuchara-Oscar • San Ramon • Mirasol •San Ramon Deeps A cornerstone of IMPACT’s success has been rapid mine development to increase mill throughput and generate near-term cash flow – drilling to production typically in <24 months EXPLORATION AND MINE DEVELOPMENT PROCESS FLOWCHART: 18
  18. 18. Production Summary Production Highlights Q2 2015 YTD 2015 YE 2014 YE 2013 YE 2012 Silver production (oz) 218,380 439,341 725,733 682,526 620,515 Gold production (oz) 108 261 989 1,269 629 Average mill head grade (silver grams per tonne) 181 185 159 (Q4=180 ) 158 138 Total tonnes produced (t) 42,300 83,346 162,266 159,270 168,826 Tonnes produced per day 465 460 445 436 463 Revenue per production tonne sold $66. $77 $74 $84 $94 Direct costs per production tonne $70 $70 $69 $68 $62 18 Silver-Focused Producer Revenue Breakdown by Metals (2014) Silver Gold Lead Zinc Silver 80%
  19. 19. (CDN$000’000’s except EPS) Q2 2015 YTD 2015 YE 2014 YE 2013 YE 2012 Revenues $2.74 $6.65 $12.0 $14.1 $15.9 Operating expenses $2.96 $6.1 $12.0 11.4 $10.3 Mine operating earnings (loss)* ($0.76) ($0.55) ($0.0) $2.7 $5.6 EBITDA ($0.23) $0.50 ($2.1) ($4.6) $1.6 Net earnings (loss) ($1.19) ($1.32) ($3.5) ($8.5) ($1.1) Operating cash flow** $0.62 $1.05 ($0.7) $0.6 $3.3 Debt Nil Nil Nil Nil Nil Earnings (loss) per share – basic $0.02 ($0.02) ($0.05) ($0.13) ($0.02) Cash and cash equivalents $0.74 N/A $0.6 $3.5 $16.0 Working capital $2.4 N/A $3.7 $6.9 $21.4 19 *Before Amortization and Depreciation **Before changes in non-cash working capital Financial Highlights
  20. 20. All prices in Canadian Dollars As of September 30, 2015 Common shares – Issued & Outstanding 68.1 M Fully Diluted 74.1 M Share Price $0.14 52wk Range $0.14 - $0.39 3 Month Average Daily Volume 40,016 Shares Market Capitalization $9.5M Insider and Institutional Ownership 14.9% Options Issued 5.93 M Warrants Nil Corporate Summary (TSX.V: IPT) 20 Source: Yahoo Finance 1-Year Chart Summary
  21. 21. 2015 • TRANSITIONING TO HIGHER GRADE PRODUCTION & EXPANSION THROUGH DRILLING • Ramp up production at Cuchara-Oscar Mine (Done) • Expand high grade silver production at San Ramon Deeps (Continuing) • Ramp up higher grade silver production at Mirasol Mine (Continuing) • Drill advanced exploration targets at San Ramon Deeps 2016+ • EXPANSION AND EXPLORATION • Drill advanced exploration targets at San Ramon Deeps, Alacran North, El Paso & San Pablo • Prepare San Juan Gold-Copper Zone (Noche Buena Mine) and San Patricio Silver Mine for production • Consider putting Capire open pit silver mine back into production with possible larger processing plant when silver prices recover • Continue exploration on >4,000 silver and gold-copper targets, and expand mining activities with aim to grow IMPACT Silver into a multimillion ounce precious metals producer Plans for Growth 21
  22. 22. The Road to Growth 22 1. Growth through incremental Production  Silver production is increasing quarter on quarter due to mining of higher silver grades 2. Growth through Underground Development  Completion of the internal shaft at San Ramon will allow more rapid mining of silver from the wide and high grade San Ramon Deeps Zone 3. Growth through Mine Drilling  Underground drilling is expanding the high grade San Ramon Deeps Zone  Underground drilling is expanding the Cuchara-Oscar Zone  An additional 25,000m of drilling has been completed at Capire and will be incorporated into a new mineral resource model 4. Growth through Defined Lower Grade Resource Base  Lower grade resources available for production at higher silver and gold prices have been defined at Capire, Carlos Pacheco-San Juan and elsewhere 5. Growth through Metal Diversification  Mining and exploration of gold and copper zones beneath the known silver zones has begun with first mining and processing from the Carlos Pacheco South Zone in 2014 6. Growth through Spare Production Capacity  The Capire processing plant is on care and maintenance and available for rapid start-up to increase production  The Capire plant infrastructure was built with room for expansion to 800+ tpd 7. Growth through Brownfields Exploration  Numerous drill targets on high grade silver and gold zones have been defined and are ready for drilling with Alacran North as the next drilling area  Over 4,000 historic mine workings have been catalogued demonstrating extensive exploration upside and the basis for defining future drill targets 8. Growth through M&A
  23. 23. Contact Us IMPACT Silver Corp. TSX-V: IPT Frankfurt: IKL Telephone 1-604-681-0172 Fax 1-604-681-6813 Email inquiries@impactsilver.com Investor Relations Manager Jerry Huang MBA Website www.IMPACTSilver.com Twitter @IMPACT_Silver Corporate Address Suite1100 - 543 Granville Street Vancouver, BC, Canada V6C 1X8 23
  24. 24. Appendix I: Capire Drilling 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 for details 24
  25. 25. Appendix II: Mirasol Drilling 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. For details see IMPACT Silver News Releases dated January 28, 2013 and November 26, 2012 25
  26. 26. Appendix III: Cuchara-Oscar Drilling 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 for details 26
  27. 27. Appendix IV: Carlos Pacheco Drilling 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 (Noche Buena) 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 for details. 27
  28. 28. Appendix V: San Juan Project Drilling 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. 28
  29. 29. Appendix VI: Condesa (Cuchara) Drilling Highlights A Selection of Condesa (Cuchara) 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 29 • 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
  30. 30. Appendix VII: San Ramon Deeps Drilling Highlights A Selection of San Ramon Deeps Drilling Highlights Drill Hole Vein True Width (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) SR14-01 San Ramon HW2 6.57 393 0.20 0.50 1.64 Including 1.79 1,163 0.63 1.36 4.66 SR14-02 San Ramon HW2 1.65 545 0.18 0.25 1.05 San Ramon HW1 2.39 457 0.31 0.09 0.29 SR14-04 Inmaculada 2 4.39 278 0.44 0.40 0.89 MPZ-184-14 Inmaculada 2 3.00 183 0.11 0.61 0.55 MPZ-185-14 Inmaculada 2 1.88 203 0.08 0.30 0.94 MPZ-186-14 Inmaculada 2 5.80 552 0.28 0.44 1.34 Including 2.84 1,025 0.53 0.81 2.45 30 • The San Ramon Deeps Zone appears to be the top of a new mineralized shoot stacked below the original Upper San Ramon Zone • San Ramon Deeps remains open in all directions for expansion; drilling is continuing • See IMPACT Silver News Releases dated May 21, 2014 and March 31, 2015 for details
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