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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
CORPORATE PRESENTATION
SEPTEMBER 2022
TSXV: NSC
OTCQB: NVDSF
NEVADASILVERCORP.COM
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
PRESENTATION DISCLAIMER
Information provided in this presentation is
summarized and may not contain all
available material information. Accordingly,
readers are cautioned to review the
Company’s public disclosure record in full.
The Company expressly disclaims any
responsibility for readers' reliance on this
presentation. This presentation is provided
for informational purposes only and shall not
form the basis of any commitment or offering.
Any commitment or offering will only be made
by binding written agreement containing
customary terms for transactions of such
nature, and which is in compliance with
applicable laws, including securities laws of
Canada. This presentation is the property of
the Company.
CAUTIONARY DISCLOSURE
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS & INFORMATION
This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation, and “forward-looking statements”
within the meaning of applicable United States securities legislation (collectively referred to as “forward-looking information” ("FLI")). All statements, other than
statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates",
"expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target", "implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar
words or expressions. FLI in this presentation includes, but is not limited to: exploration of the Company’s projects, including expected costs of exploration and
timing to achieve certain milestones, including timing for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded
for exploration of any of the projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company’s projects, the Company's
financial position or operations, and the expected timing of announcements in this regard;
FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the
Company’s current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties
and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include,
without limitation: current technological trends; the business relationship between the Company and its business partners and vendors; ability to fund, explore,
advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties
related to receiving and maintaining exploration, environmental and other permits or approvals in the United States; any unforeseen impacts of COVID-19;
demand for gold, silver and base metals; impact of increasing competition in the mineral exploration business, including the Company’s competitive position in
the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations;
The Company’s actual results, programs and financial position could differ materially from those anticipated in such FLI as a result of numerous factors, risks
and uncertainties, many of which are beyond the Company’s control. These include, but are not limited to: it’s projects may not be explored or developed as
planned; uncertainty as to whether cost-overruns; market prices affecting development of the projects; the availability and ability to secure adequate financing
and on favourable terms; risks to the growth of the gold and mineral markets; inability to obtain required governmental permits; any limitations on operations
imposed by governments in the jurisdictions where we operate; technology risk; inability to achieve and manage expected growth; political risk associated with
foreign operations; changes in government regulations, including currency controls; changes in environmental requirements; failure to obtain or maintain
necessary licenses, permits or approvals; risks associated with COVID-19; insurance risk; litigation risk; receipt and security of mineral property titles and
mineral tenure risk; changes in project parameters; uncertainties associated with estimating mineral resources and mineral reserves in the future, including
uncertainties regarding assumptions underlying such estimates; whether mineral resources (if any) will ever be converted into mineral reserves; opposition to
exploration and/or development of the projects; surface access risk; geological, technical, drilling or processing problems; health and safety risks;
unanticipated results; unpredictable weather; unanticipated delays; reduction in demand for minerals; intellectual property risks; dependency on key personnel;
workforce and equipment availability; currency and interest rate fluctuations; and volatility in general market and industry conditions. The foregoing list of risks,
assumptions and uncertainties associated with FLI is not exhaustive.
Management has provided this information as of the date of this presentation in order to assist readers to better understand the expected results and impact of
the Company’s operations. There can be no assurance that FLI will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such information. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate
for any other purpose, including investment purposes. Readers are further cautioned to review the full description of risks, uncertainties and management’s
assumptions in the Company’s most recent public disclosures available on SEDAR at www.sedar.com. The Company expressly disclaims any obligation to
update FLI as a result of new information, future events or otherwise, except as and to the extent required by applicable securities laws.
Forward-looking financial information also constitutes FLI within the context of applicable securities laws and as such, is subject to the same risks, uncertainties
and assumptions as are set out in the cautionary note above. All figures presented are in Canadian Dollars unless otherwise noted.
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
COMPANY OVERVIEW
CORCORAN SILVER, NEVADA
Drilled silver-gold resource with excellent expansion potential
Commodity / Target Silver (Ag), Gold (Au)
Deposit Type Low-Sulphidation Epithermal
Location Nye County, Nevada, USA
Asset Stage Resource
NI 43-101 Inferred Resource(1) 33.5M oz AgEq
Next phase of work
Resource expansion, exploration
drilling, metallurgical testwork
EMILY MANGANESE, MINNESOTA
Highest-grade manganese resource in North America
Commodity / Target Manganese (Mn)
Deposit Type Manganese-enriched Banded Iron
Location Crow Wing County, Minnesota, USA
Asset Stage Resource
NI 43-101 Indicated Resource
NI 43-101 Inferred Resource(2)
5.69Mt @ 19.20% Mn and 23.02% Fe
778Kt @ 22.48% Mn and 22.15% Fe
Next phase of work
Resource expansion, battery
testwork, flowsheet development
(1) NI 43-101 Mineral Resource Estimate, Corcoran Silver deposit, by Mr. Gregory Z. Mosher, P.Geo., M.Sc. and Mr. David
S. Smith, P.Geo., M.S., dated October 12, 2020. Open-pit resources cut-off grade of 15 g/t AgEq; underground resources
cut-off grade of 100 g/t AgEq. Silver equivalent calculated from prices of US$21.09/oz silver and US$1,657/oz gold and
recoveries of 77% silver and 45% gold estimated from test work commissioned by Centennial Mining.
(2) NI 43-101 Mineral Resource Estimate, Emily Manganese property, by Mr. Brad M. Dunn, CPG, dated June 12, 2020.
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
(3) The Silver Institute, 2022
(4) Cairn Energy Research Advisors and
CPM Group, 2021
INVESTMENT CASE
MULTI-ASSET
PORTFOLIO
• US strategic focus in
established mining
jurisdictions
• Two existing NI 43-101
resources with
drill-ready expansion
targets, plus brownfield
exploration project in
historic Nevada silver
mining camp
• 100% ownership and
management
NEAR-TERM
CATALYSTS
• Resource expansion
potential
• Following up previously-
drilled bonanza grades:
1.5m @ 6769 g/t Ag 1.5m
@ 4114 g/t Ag, 1.5m @
4103 g/t Ag and 4.08 g/t
Au, 1.5m @ 3531 g/t Ag
and 1.14m @ 3470 g/t Ag
• Drilling of historic
Belmont silver mine
• Commercialization of
manganese asset
CAPITAL
STRUCTURE
• Significant ownership by
board and management
aligns with shareholders
• Strong and supportive
shareholder base
EXPERIENCED
TEAM
• Global, multidisciplinary
experience
• Track record in
exploration success,
mine development and
M&A
FAVOURABLE
OUTLOOK FOR
SILVER(3)
AND
MANGANESE(4)
• Forecast demand growth
in solar, EV and battery
technology
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
Shares Outstanding 72,663,193
Options Outstanding
Exercise price $0.33
1,100,000
Warrants Outstanding
Exercise price $0.60
7,907,463
Warrants Outstanding
Exercise price $0.45
3,335,000
Fully Diluted Shares Outstanding 85,005,656
Basic Market Capitalization $17.0M
CAPITAL STRUCTURE AT 1ST
AUGUST 2022
TSXV
NSC
CORPORATE SNAPSHOT
Board and Management 38.3%
Eric Sprott 8.8%
MAJOR SHAREHOLDERS
Mr. John Kutkevicius BCOM LLB LLM NON-EXECUTIVE CHAIRMAN
Toronto-based income tax lawyer, has served as a director of a number
of junior resource companies.
Mr. Gary Lewis BCOM MBT GROUP CEO & DIRECTOR
Senior executive with +30 years in capital markets, business and
strategy development in Australia, UK and the Americas.
Dr. Henry J. Sandri PhD MA BS COO & DIRECTOR
+40 years in metals and minerals, energy, power and transportation
industries in global public and private companies.
Dr. Ian Pringle PhD BSc (GEOLOGY) TECHNICAL DIRECTOR
Senior mining executive with outstanding track record of successful
mineral resource evaluation, discovery, development and operations.
Mr. Mark Travis CPG VP, EXPLORATION
Experienced mining professional with deep connections and knowledge
of precious metal deposits throughout Western USA.
Ms. Natasha TsaI BCOM CPA CHIEF FINANCIAL OFFICER
Chartered Professional Accountant with corporate finance and listed
company experience in a number of sectors.
MULTI-DISCIPLINARY BOARD & EXECUTIVE TEAM
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
Company Market Cap (C$M)5 Total Resources (oz)6 EV/Resource (C$) Location
Silver One Resources $64.86 45,414,000 $1.29 Nevada, USA
Blackrock Silver Corp $101.95 42,614,000 $2.21 Nevada, USA
Silver Tiger Metals $91.44 37,000,000 $1.56 Mexico
Nevada Silver Corp7 $17.02 33,484,000 $0.47 Nevada, USA
Silver Viper Minerals $27.22 19,870,300 $1.35 Mexico
Zacatecas Silver $42.74 16,400,000 $1.95 Mexico
Defiance Silver $77.53 17,917,000 $3.66 Mexico
Kuya Silver Corp $27.56 13,864,952 $1.91 Peru
Reyna Silver Corp $45.97 - - Mexico
Summa Silver $56.86 - - Nevada, USA
5 Value date: 29th July 2022
6 Blackrock Silver Corp includes Ag-Eq mineral resources from NI 43-101 Technical Report for the Tonopah West Silver-Gold Project, Nye and Esmeralda Counties, Nevada, USA, 28th April 2022.
Silver One Resources Inc. includes Ag mineral resources from NI 43-101 Technical Report, Heap Leach Pads, Candelaria Property, Nevada, 6th August 2020. Silver Tiger Metals Inc. Ag mineral
resources from NI 43-101 Technical Report, El Tigre Project, Mexico, 26th October 2017. Silver Viper Minerals Corp. includes Ag-Eq mineral resources from NI 43-101 Technical Report, La Virginia
Project, Mexico, 30th May 2021. Zacatecas Silver Corp. Ag-Eq mineral resources from NI 43-101 Technical Report, Panuco Deposit, Mexico, August 2019. Defiance Silver Corp includes Ag-Eq
mineral resources from NI 43-101 Technical Report, San Acacio Deposit, Mexico, September 2014. Sierra Madre Gold & Silver includes Ag-Eq mineral resources from NI 43-101 Technical Report,
Dos Homos, Vita Tomas and Once Bocas North deposits, Mexico, March 2013. Kuya Silver Corp includes Ag-Eq mineral resources from NI 43-101 Technical Report for the Bethania Silver Project,
Huancavelica, Peru, 9th April 2022.
7 NSC does not include NI 43-101 mineral resources for the Emily Manganese Project, Minnesota USA.
SELECTED PEER COMPARABLES
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
CORCORAN
SILVER PROJECT
NEVADA
Nevada is ranked as one of the World’s
top mining districts by the Fraser Institute
—Fraser Institute 2021 Annual Survey of Mining Companies
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
NEVADA SILVER PROJECTS
VIDEO
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
CORCORAN SILVER
PROLIFIC MINING DISTRICT
M AP SHOW ING REGIONAL GEOLOGY
AND M AJOR DEPOSITS
The Corcoran Silver Project is located on the eastern edge of the Toquima Range,
northeast of Tonopah in Nye County, central Nevada.
The Toquima Range is one of the most highly-endowed Au-Ag districts in the USA. The
30km-wide zone of nested calderas includes ten ore deposits hosting 24M oz Au and over
89M oz Ag.
Corcoran is the largest undeveloped silver resource located along the Toquima Caldera
margin and is similar in deposit type and structural setting to nearby deposits.
Corcoran is located on the Caldera margin faults, 25 kilometres east of Kinross’ Round
Mountain mine
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
• 100% ownership of two Nevada silver projects encompassing 466
patented and unpatented mineral claims covering 9,429 acres:
- Corcoran Canyon Silver-Gold Project (Corcoran)
- Belmont / North Belmont Silver Project (Belmont)
• Corcoran was the subject of an October 2020 NI 43-101 Inferred
Mineral Resource estimate of 33.5M oz AgEq.
- Grades to 6,769 g/t Ag and 8.4 g/t Au
- Resource sits on <1% of total tenement area and is open along strike
and at depth
- Drill-ready to upgrade and expand resource and test targets at depth
along 10km alteration zone.
• Belmont is 15km south of Corcoran and was among the earliest and
richest silver mining camps in the Tonopah district with an estimated
average silver ore head-grade of 25oz/t (775g/t) Ag.
- Proximity to Corcoran allows effective technical support and future
development synergies.
- Negligible silver exploration despite high-grade silver samples (up to
0.5% Ag) collected from remnant mine dumps by the USGS.8
- Mined lodes of extraordinary high-grade silver have the potential for
extensions at depth.
- Maiden drill campaign underway.
• Favourable infrastructure, moderate terrain in Nevada, ranked as one
of the world’s top mining jurisdictions.9
CORCORAN AND BELM ONT M INERAL CLAIM S M AP
8
Nash et al, 1985 https://pubs.usgs.gov/of/1985/0263/report.pdf
9 Fraser Institute 2021 Annual Survey of Mining Companies
NEVADA SILVER PROJECTS
OVERVIEW
Corcoran Canyon
Ag-Au deposit
Corcoran Canyon
Silver-Gold
Project
North Belmont
Silver Project
(36 claims)
Belmont Silver
Project
(88 claims)
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• High-grade drill intercepts in
shallow stockwork and feeder
system at depth
• Mineralization appears related to
Toquima Caldera complex
• Alteration is proximal sericite-
quartz-pyrite with widespread
distal propylitic and argillic
assemblages in ~12 sq km
alteration system
Low-sulfidation epithermal deposit fits with other nearby mines such
as Tonopah and Round Mountain where mineralization in the former
extends over 1,150 m below paleosurface.
SILVER REEF MINERALIZATION
CORCORAN SILVER
LOW-SULPHIDATION EPITHERMAL MODEL
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Silver and gold are spread near-surface across the deposit and provide an excellent open cut mine target. Exceptional silver
grades continue at depth where there is ample opportunity to expand to a deeper, high-grade silver deposit similar to nearby
Tonopah. NSC are planning extensional drilling to test these exciting targets following the promising results of the 17 diamond
drill holes (3,040 meters) completed in December 2021.
CORCORAN SILVER
HIGH-GRADE DRILL INTERSECTIONS
Drill hole
Width
(m)
Silver
(g/t)
Grade x Width
CC30 42.7 390 16653
CC38 6.1 1874 11431
CC38 1.5 6769 10153
CCD04 7.6 1150 8740
CC02 1.5 4114 6171
CCD09 1.5 4103 6154
CC02 1.5 3531 5296
CCD05 3.0 1370 4110
CC21-17 1.1 3470 3956
CC21-01 1.3 2310 3072
NSC AND HISTORIC DRILLING Deposit is not closed by drilling in any direction or at depth
SILVER REEF HILL
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
• The Corcoran resource is untested by
drilling at depth with potential for
Tonopah-type bonanza grades.
• Only a small, low-grade portion of the
deposit has been drilled and
mineralization is open in all directions.
• A large rock alteration system with
anomalous Ag + Au extends from the
Corcoran resource for 10 km and
requires surface sampling and
mapping.
• Preliminary drill testing at the West
Target intersected promising near-
surface Au + Ag.
• The eastern Pediment Target has a
similar structural setting to the Round
Mountain Mine.
CORCORAN SILVER
CONSIDERABLE UPSIDE FOR
EXPANSION
PEDIMENT TARGET:
At prominent structural
intersection analogous
to the enormous Round
Mountain deposit.
INTRUSIONS TARGET
Outcrop with
30 g/t Ag and
anomalous gold in
rhyolite intrusion.
WEST TARGET
Mine-grade gold in drill
results from surface
include:
0-24m @ 0.63 g/t Au
2-17m @ 0.89 g/t Au
CORCORAN RESOURCE
EXTENSION:
Drilling planned for
high-grade lateral and
depth extensions.
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
• First drill program in over a century
underway.
• Recently completed Induced
Polarization (IP) and Resistivity survey
identified twenty-four resistivity targets
and related chargeability anomalies:
- Six high-priority targets selected for
initial diamond-drill testing.
BELMONT SILVER
2022 DRILLING PROGRAM
FROM RECENT GEOPHYSICAL SURVEY AT THE BELMONT SILVER PROJECT, NEVADA
Toronto,Ontario, 15th
June2022:NevadaSilverCorporation(“NSC”orthe“Company”)(TSXV:NSC)(OTCQB:
NVDSF) is pleased to announce that it has received results and evaluation of the recently completed Induced
Polarization (IP) and Resistivity survey at the Company’s 100% owned Belmont Silver Project in Nevada, USA.
This survey is the first significant exploration to be undertaken at the Belmont Silver Project in over a century
and has identified a large “elephant”-shaped anomaly with multiple untested targets of potential
sulphide mineralization that will be drill-tested in the coming weeks (Figure 1).
The pole-dipole IP/Resistivity geophysical survey was completed across the abandoned Belmont silver
mining camp, located 15 kilometers south of the Company’s Corcoran Silver-Gold deposit and 72
kilometers northeast of Tonopah in central Nevada. The survey was undertaken to identify drill targets
in zones of alteration, quartz veins/silicification and sulphides associated with silver mineralization
beneath and along-trend from the historic silver mines (Figure 2). A number of extremely interesting
resistivity and IP responses that indicate sulphide-rich drill targets have been identified for drill
testing.
The study defined both IP responses and zones of high resistivity which appear to be due to both
stratigraphic and structurally controlled features. The strongest IP responses are associated with
Figure 1. Three-dimensional diagram of the Belmont ‘elephant-shaped’ resistivity anomaly.
Targets (white arrows) are interpreted as high sulphide targets within pervasive silicification.
N
Strong resistivity
(sulphide rich)
Moderate resistivity
(abundant sulphide)
500 meters
Three-dimensional diagram of the Belmont ‘elephant-shaped’ resistivity anomaly. Targets (white arrows) are
interpreted as high sulphide targets within pervasive silicification.
Drill rig at Belmont hole BS22-03 (Aug-22)
First assays received Aug-22 for drill hole BS22-02 include 440 g/t Ag and 0.99% Pb (between
27.74m and 28.47m); within a 4.05m interval of 134 g/t Ag (26.76m-30.82m); the first drill hole to
test the Belmont Silver Camp for over 100 years.
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〉
〉
〉
〉
〉
NEVADA SILVER
KEY DEVELOPMENT MILESTONES (2022-23)
Complete
Expand landholding via
additional claim staking.
Compile historic data,
confirm resource model
and complete maiden NI
43-101 Mineral Resource
Estimate.
Complete
Define environmental
requirements and initiate
baseline studies – cultural,
biological and environmental.
Permitting for phases one
and two drill programs.
Expand and upgrade
mineral resources with
infill and expansion
drilling. Initiate drilling at
Belmont Silver Project.
Complete
H2:23
Mineral resource upgrade
and testwork aimed to
establish and publish an NI
43-101 Preliminary Economic
Assessment.
Ongoing resource drilling,
mineral processing and
metallurgical testwork,
environmental, biological
and cultural studies.
H2:23
H1:24
Initiation of Prefeasibility
Study based on heap
leach and flotation
mining scenarios.
〉
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EMILY MANGANESE
PROJECT
MINNESOTA
“… the largest high-grade
manganese deposit in the
Northern Hemisphere.”
— M. Liljegren, Minnesota Department of Natural Resources (2010)
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
Mn 10% Cutoff Grade Metric Tonnes Average Mn (%) Average Fe (%)
Total Indicated 5,685,310 19.20 23.02
TotalInferred 777,777 22.48 22.15
The Emily Manganese Project has an NI 43-101 Mineral Resource Estimate available at www.nevadasilvercorp.com. The Mineral Resource Estimate incorporates drilling
results from two separate drilling programs in 2011 and 2012 for seven diamond drill core holes using an inverse distance squared method and a 10% manganese weight
percent cutoff. Mineral resource tonnage and grades are reported as undiluted. Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of
the estimate and numbers may not add due to rounding. This Mineral Resource Estimate was prepared under the requirements of National Instrument 43-101 “Standards of
Disclosure for Mineral Projects” of the Canadian Securities Administrators by Mr. Brad M. Dunn CPG, Senior Mining Geologist, Barr Engineering Company and has an
effective date of June 12, 2020.
Source: NI 43-101 Technical Report and Resource Estimate, Emily Manganese Property, Crow Wing County, Minnesota USA by B Dunn, 12th June 2020
EMILY MANGANESE
ESTABLISHED MINERAL RESOURCE
NI 43-101 COMPLIANT INDICATED AND INFERRED MINERAL RESOURCE ESTIMATE
While a significant manganese resource exists at the Emily deposit, the resource defined by Barr
Engineering represents only a small portion of a much larger area of manganese-iron deposition
along strike and down-dip previously drilled by Pickands Mather and US Steel in the 1940s and
1950s, pointing to significant upside potential from the planned NSM extensional drill program.
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EMILY MANGANESE
RESOURCE FOOTPRINT
The map below shows bedrock in and around the Emily project area, as well as historic and current drill holes by various parties (Peterson
2019). Current project lands under the control of NSM are shown as translucent green and blue blocks in Sections 20 and 21. Shown in light
blue is the proposed West Ruth Lake Mine prepared by U.S. Steel to target 24,012,200 tons of 15.29% Mn and 23.38% Fe (Strong 1959).
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
EMILY MANGANESE
PRINCIPAL MANGANESE MINERALS
PYROLUSITE ORE – 63% Mn MANGANITE ORE – 89.7% Mn RHODOCHROSITE ORE – 38.9% Mn
EMILY MANGANESE PROJECT (MINNESOTA, USA) OTHER NORTH AMERICA
MnO2 MnO(OH) or Mn2O3 MnCO₃
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
• US$24 million invested to date resulting in
important technical studies, exploratory
drilling, process development and
benchmark pilot process to produce
MnCO3, Electrolytic Manganese Metal
(EMM) and Electrolytic Manganese
Dioxide (EMD). At site, a processing plant
with transport and storage facilities and
local road improvements have been
completed.
• US domestic mineral supply advantage:
- Manganese added to the US Dept. of
Commerce critical minerals list.
- No producing manganese mines in the US
or Canada; and US-imported manganese is
sourced mostly from Southern Africa10.
- The electrification of the global car fleet
coupled with other energy storage
applications will drive incremental demand
for high-purity manganese products >39%
(CAGR 2018-2025)11.
EXHIBIT B
Aerial view of CMR process plant and land
12/21/16
Emily Site Works and Infrastructure
EMILY MANGANESE
PROJECT HIGHLIGHTS
10 USGS Professional Paper 1802-L, December 2017
11 Benchmark Mineral Intelligence
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N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
Dr. Ian Pringle, Technical Director and Director of the
Company, supervised the preparation of and
approved the scientific and technical information in
this presentation. Information about data verification
procedures used to support scientific and technical
information on the Company’s material property
presented herein, as well as with respect to the
results of processing and interpretation of exploration
data and assumptions regarding the Mineral
Resource estimate is derived from and based on the
assumptions, qualifications and procedures set out in
the Technical Report “Corcoran Canyon Silver-Gold
Property” by Mr. Greg Mosher, P. Geo., M.Sc., and
Mr. David Smith P. Geo., M.S., dated 12th
October
2020 and filed by Nevada Silver Corporation under
the Company’s profile at www.sedar.com.
Information about data verification procedures used
to support scientific and technical information on the
Company’s Emily Manganese Property, presented
herein, as well as with respect to the results of
processing and interpretation of exploration data and
assumptions regarding the Mineral Resource
estimate is derived from and based on the
assumptions, qualifications and procedures set out in
the Technical Report “Resource Estimate on the
Emily Property, Minnesota” by Mr. Brad M. Dunn,
CPG., dated 12th June 2020 and filed by Nevada
Silver Corporation under the Company’s profile at
www.sedar.com.
SCIENTIFIC AND
TECHNICAL INFORMATION
TSXV: NSC
OTCQB: NVDSF
NEVADASILVERCORP.COM
Nevada Silver Corporation
Suite 800, 365 Bay Street
Toronto, ON M5H 2V1 Canada
Nevada Silver Corporation CHF Capital Markets
Gary Lewis Perry Rapagna
Group CEO & Director Manager, Corporate Development
T: +1 (657) 846 5299 T: +1 (416) 686 1079 ext. 230
gl@nevadasilvercorp.com perry@chfir.com
22
N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
NI 43-101 COMPLIANT INFERRED MINERAL RESOURCE ESTIMATE
Cutoff AgEq g/t
Million
Tons AgEq g/t Ag Capped
g/t
Au Capped
g/t Ag Cap oz Au Cap oz AgEq oz
Pit Constrained
15 g/t AgEq cutoff 31.820 32 21 0.23 21,838,000 239,000 32,856,000
Underground
100 g/t AgEq cutoff 0.158 124 112 0.26 567,000 1,000 628,000
The Corcoran Silver Project has an NI 43-101 Inferred Mineral Resource Estimate available on www.sedar.com or www.nevadasilvercorp.com. Mineral resources are stated in
terms of silver equivalency, AgEq, which combines capped silver and gold composite grades. US$21.09/ounce was used for silver and US$1,657/ounce for gold and
recoveries of 77% silver and 45% gold estimated from test work commissioned by Centennial Mining and undertaken by Hazen Research, Inc in 1985. Grade cutoff for pit
constrained inferred resources is 15 g/t AgEq and for Underground Inferred Resources is 100 g/t AgEq. Mineral resource tonnage and grades are reported as undiluted.
mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate and numbers may not add due to rounding. This Mineral Resource
Estimate was prepared under the requirements of National Instrument 43-101 “Standards of Disclosure for Mineral Projects” of the Canadian Securities Administrators by Mr.
Gregory Z. Mosher, P.Geo., M.Sc. and Mr. David S. Smith, P.Geo., M.S. and has an effective date of October 12, 2020.
APPENDIX - CORCORAN SILVER
ESTABLISHED MINERAL RESOURCE
Source: NI 43-101 Technical Report and Resource Estimate, Corcoran Canyon Silver-Gold Property, Nye County, Nevada USA by G Mosher and D Smith, 12th
October 2020
23
N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
APPENDIX - CORCORAN SILVER
DRILLING SUMMARY
• Maiden 3,040m drill campaign comprising 17 diamond core
drill holes was completed 15th December 2021.
• Analytical results finalized in mid-January 2022 show wide
zones of Ag-Au dipping north and open to east and at depth.
• Positive results in drill holes with highlights as follows:
- CC21-01; 96 meters from surface @ 35g/t AgEq and 1.33
meters @ 2466g/t AgEq (2310g/t Ag, 2.6g/t Au)
- CC21-06; 204.67 meters from surface of 43g/t AgEq including
0.8 meters @ 747g/t AgEq
- CC21-10; 26.32 meters from 62.00 meters @ 56g/t AgEq and
44.04 meters from 94.64 meters to EOH @ 44g/t AgEq
- CC21-15; 167 meters combined - averaging over 43g/t AgEq
- CC21-17; 62.29 meters from 87.56 meters @ 94g/t AgEq
including 1.14 meters of 3542g/t AgEq (3470g/t Ag, 0.96g/t Au)
Cross section through the Corcoran Ag-Au deposit showing drill traces for drill holes
CC21-16, CC21-06, CC21-01 and CC21-13 with significant zones of silver.
Sulfide breccia in CC21-01 drill core between 87.2 – 88.0 meters
containing 271g/t Ag and 0.60g/t Au.
24
N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
RISK FACTORS
The following risk factors are not exhaustive, are a summary only and should be read in conjunction with: (i) the Company’s public disclosure documents, including the “Risk Factors” set forth in the filing statement of the Company dated
April 20, 2021 (the “Filing Statement”), which is available for view on the SEDAR website at www.sedar.com; and (ii) all other information set out in this presentation. Readers are cautioned that the following specific factors could materially
adversely affect the Company and should be considered when deciding whether to make an investment in the Company. Other risks and uncertainties that we do not presently consider to be material, or of which we are not presently
aware, may become important factors that affect our future financial condition and results of operations. The occurrence of any of the risks discussed below (or in the Filing Statement) could materially adversely affect the Company’s
business, prospects, financial condition, results of operations, cash flow or the trading price of its securities. An investment in the Company is suitable only for investors (i) who understand the potential risk of capital loss, (ii) for whom an
investment in the Company is part of a diversified investment program; and (iii) who fully understand and are willing to assume the risks involved in such an investment program. Before investing, prospective investors in the Company
should carefully consider the following risks:
i. The Company has limited financial resources and has no source of operating income.
ii. The Company has a very limited history of operations and is in the early stage of exploration.
iii. There is no assurance that the Company’s mineral exploration activities will result in any discoveries of commercial bodies of ore.
iv. The Company’s calculations of Mineral Resources are estimates and depend upon geological interpretation and statistical inferences drawn from drilling and sampling analysis, which may prove to be inaccurate. Actual recoveries of
gold, silver and manganese from mineralized material may be lower than those indicated by test work. Fluctuation in gold, silver or manganese prices, results of drilling, metallurgical testing and production and the evaluation of mine
plans subsequent to the date of any estimate may require revision of such estimate.
v. Profitability of the Company’s operations will be dependent upon the market price of silver, gold, and manganese. Mineral prices fluctuate widely and are affected by numerous factors beyond the Company’s control.
vi. The Company has limited financial resources, has earned nominal revenue since commencing operations, has no source of operating cash flow and there is no assurance that additional funding will be available to it for exploration and
development. Furthermore, additional financing will be required to continue the development of the Company’s properties even if the Company’s exploration program is successful.
vii. Although the Company believes it has taken reasonable measures to ensure proper title to its properties, there is no guarantee that title to any of its properties will not be challenged or impaired.
viii. Even if the Company is successful in identifying mineral resources in sufficient quantities and with sufficient grades to prove economically feasible, there is no certainty that the metallurgical processes will or can be developed to
separate economically valuable products from waste, or that metallurgical processes that are developed and the resulting by-products will not have deleterious effects on people, the environment or products, and by consequence, the
Company and its business.
ix. To the extent government approvals and permits are required for the Company’s operations and not obtained by the Company, the Company may be curtailed or prohibited from proceeding with planned exploration, development or
operation of its mineral properties.
x. The Company had negative operating cash flow for the period ended December 31, 2019, and the year ended December 31, 2020. The Company anticipates that it will continue to have negative operating cash flow for the foreseeable
future and that it will need to allocate a portion of its cash reserves to fund such negative cash flow.
xi. Existing and possible future laws, regulations and permits governing operations and activities of exploration companies, or more stringent implementation thereof, could have a material adverse impact on the Company and cause
increases in capital expenditures or require abandonment or delays in exploration.
xii. In order to carry out reclamation obligations that may be imposed on the Company in connection with its business, the Company may be required to allocate financial resources that might otherwise be spent on exploration and
contemplated development programs.
xiii. Regulation relating to emission levels (such as carbon taxes) and energy efficiency is becoming more stringent, which may result in increased costs at the Company’s operations. In addition, in the event that the effects of climate
change or extreme weather events cause prolonged disruption to the delivery of essential commodities, production levels at the Company’s operations may be reduced.
xiv. The Company is dependent upon a number of key management and technical personnel.
xv. The Company’s business is subject to a number of risks and hazards including adverse environmental conditions, industrial accidents, labour disputes, unusual or unexpected geological conditions, ground or slope failures, changes
in the regulatory environment and natural phenomena such as inclement weather conditions, floods and earthquakes. Insurance coverage may not continue to be available for such risks or may not be adequate to cover any resulting
liability.
xvi. Non-governmental organizations or local community organizations could direct adverse publicity against and/or disrupt the operations of the Company in respect of one or more of its properties, regardless of its successful compliance
with social and environmental best practices, due to political factors, activities of unrelated third parties on lands in which the Company has an interest or the Company’s operations specifically.
xvii. Consultation with First Nations groups may eventually be required in connection with further exploration or development activity. The impact such consultations may have on the Company’s operations is not knowable.
xviii. The mining industry is intensely competitive in all phases of exploration, development and production and the Company competes with many companies currently possessing greater financial and technical resources.
xix. The Company and its subsidiaries are incorporated in Australia and the United States, respectively. It may not be possible for shareholders to effect service of process against the Company’s officers and directors who are not resident
in Canada.
xx. An investment in the Company Shares is speculative and may result in the loss of an investor’s entire investment. Only potential investors who are experienced in high-risk investments and who can afford to lose their entire investment
should consider an investment in the Company.
xxi. Securities of resource exploration companies have experienced substantial volatility in the past, often based on factors unrelated to the financial performance or prospects of the companies involved.
xxii. Sales of a substantial number of Company Shares or other equity-related securities in the public market (or the perception that such sales may occur) could depress the market price of the Company Shares and impair the Company’s
ability to raise capital through the sale of additional equity securities.
xxiii. Fluctuations in the value of currencies including the Canadian dollar and United States dollar may materially affect the financial position and results of the Company.
xxiv.The Company conducts a portion of its operations through foreign subsidiaries and certain assets are held in such entities. Accordingly, any limitation on the transfer of cash or other assets between the Company and such entities, or
among such entities, could restrict the Company’s ability to fund its operations efficiently.
xxv. The Company’s business, operations and financial condition could be adversely affected by the outbreak of epidemics or pandemics or other health crises, including the recent global outbreak of the COVID-19 novel coronavirus.

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Nevada Silver Corporation - September 2022

  • 1. 1 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F CORPORATE PRESENTATION SEPTEMBER 2022 TSXV: NSC OTCQB: NVDSF NEVADASILVERCORP.COM
  • 2. 2 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F PRESENTATION DISCLAIMER Information provided in this presentation is summarized and may not contain all available material information. Accordingly, readers are cautioned to review the Company’s public disclosure record in full. The Company expressly disclaims any responsibility for readers' reliance on this presentation. This presentation is provided for informational purposes only and shall not form the basis of any commitment or offering. Any commitment or offering will only be made by binding written agreement containing customary terms for transactions of such nature, and which is in compliance with applicable laws, including securities laws of Canada. This presentation is the property of the Company. CAUTIONARY DISCLOSURE CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS & INFORMATION This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation, and “forward-looking statements” within the meaning of applicable United States securities legislation (collectively referred to as “forward-looking information” ("FLI")). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target", "implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this presentation includes, but is not limited to: exploration of the Company’s projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded for exploration of any of the projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company’s projects, the Company's financial position or operations, and the expected timing of announcements in this regard; FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company’s current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: current technological trends; the business relationship between the Company and its business partners and vendors; ability to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in the United States; any unforeseen impacts of COVID-19; demand for gold, silver and base metals; impact of increasing competition in the mineral exploration business, including the Company’s competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations; The Company’s actual results, programs and financial position could differ materially from those anticipated in such FLI as a result of numerous factors, risks and uncertainties, many of which are beyond the Company’s control. These include, but are not limited to: it’s projects may not be explored or developed as planned; uncertainty as to whether cost-overruns; market prices affecting development of the projects; the availability and ability to secure adequate financing and on favourable terms; risks to the growth of the gold and mineral markets; inability to obtain required governmental permits; any limitations on operations imposed by governments in the jurisdictions where we operate; technology risk; inability to achieve and manage expected growth; political risk associated with foreign operations; changes in government regulations, including currency controls; changes in environmental requirements; failure to obtain or maintain necessary licenses, permits or approvals; risks associated with COVID-19; insurance risk; litigation risk; receipt and security of mineral property titles and mineral tenure risk; changes in project parameters; uncertainties associated with estimating mineral resources and mineral reserves in the future, including uncertainties regarding assumptions underlying such estimates; whether mineral resources (if any) will ever be converted into mineral reserves; opposition to exploration and/or development of the projects; surface access risk; geological, technical, drilling or processing problems; health and safety risks; unanticipated results; unpredictable weather; unanticipated delays; reduction in demand for minerals; intellectual property risks; dependency on key personnel; workforce and equipment availability; currency and interest rate fluctuations; and volatility in general market and industry conditions. The foregoing list of risks, assumptions and uncertainties associated with FLI is not exhaustive. Management has provided this information as of the date of this presentation in order to assist readers to better understand the expected results and impact of the Company’s operations. There can be no assurance that FLI will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate for any other purpose, including investment purposes. Readers are further cautioned to review the full description of risks, uncertainties and management’s assumptions in the Company’s most recent public disclosures available on SEDAR at www.sedar.com. The Company expressly disclaims any obligation to update FLI as a result of new information, future events or otherwise, except as and to the extent required by applicable securities laws. Forward-looking financial information also constitutes FLI within the context of applicable securities laws and as such, is subject to the same risks, uncertainties and assumptions as are set out in the cautionary note above. All figures presented are in Canadian Dollars unless otherwise noted.
  • 3. 3 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F COMPANY OVERVIEW CORCORAN SILVER, NEVADA Drilled silver-gold resource with excellent expansion potential Commodity / Target Silver (Ag), Gold (Au) Deposit Type Low-Sulphidation Epithermal Location Nye County, Nevada, USA Asset Stage Resource NI 43-101 Inferred Resource(1) 33.5M oz AgEq Next phase of work Resource expansion, exploration drilling, metallurgical testwork EMILY MANGANESE, MINNESOTA Highest-grade manganese resource in North America Commodity / Target Manganese (Mn) Deposit Type Manganese-enriched Banded Iron Location Crow Wing County, Minnesota, USA Asset Stage Resource NI 43-101 Indicated Resource NI 43-101 Inferred Resource(2) 5.69Mt @ 19.20% Mn and 23.02% Fe 778Kt @ 22.48% Mn and 22.15% Fe Next phase of work Resource expansion, battery testwork, flowsheet development (1) NI 43-101 Mineral Resource Estimate, Corcoran Silver deposit, by Mr. Gregory Z. Mosher, P.Geo., M.Sc. and Mr. David S. Smith, P.Geo., M.S., dated October 12, 2020. Open-pit resources cut-off grade of 15 g/t AgEq; underground resources cut-off grade of 100 g/t AgEq. Silver equivalent calculated from prices of US$21.09/oz silver and US$1,657/oz gold and recoveries of 77% silver and 45% gold estimated from test work commissioned by Centennial Mining. (2) NI 43-101 Mineral Resource Estimate, Emily Manganese property, by Mr. Brad M. Dunn, CPG, dated June 12, 2020. 3 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
  • 4. 4 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F (3) The Silver Institute, 2022 (4) Cairn Energy Research Advisors and CPM Group, 2021 INVESTMENT CASE MULTI-ASSET PORTFOLIO • US strategic focus in established mining jurisdictions • Two existing NI 43-101 resources with drill-ready expansion targets, plus brownfield exploration project in historic Nevada silver mining camp • 100% ownership and management NEAR-TERM CATALYSTS • Resource expansion potential • Following up previously- drilled bonanza grades: 1.5m @ 6769 g/t Ag 1.5m @ 4114 g/t Ag, 1.5m @ 4103 g/t Ag and 4.08 g/t Au, 1.5m @ 3531 g/t Ag and 1.14m @ 3470 g/t Ag • Drilling of historic Belmont silver mine • Commercialization of manganese asset CAPITAL STRUCTURE • Significant ownership by board and management aligns with shareholders • Strong and supportive shareholder base EXPERIENCED TEAM • Global, multidisciplinary experience • Track record in exploration success, mine development and M&A FAVOURABLE OUTLOOK FOR SILVER(3) AND MANGANESE(4) • Forecast demand growth in solar, EV and battery technology 4 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
  • 5. 5 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F Shares Outstanding 72,663,193 Options Outstanding Exercise price $0.33 1,100,000 Warrants Outstanding Exercise price $0.60 7,907,463 Warrants Outstanding Exercise price $0.45 3,335,000 Fully Diluted Shares Outstanding 85,005,656 Basic Market Capitalization $17.0M CAPITAL STRUCTURE AT 1ST AUGUST 2022 TSXV NSC CORPORATE SNAPSHOT Board and Management 38.3% Eric Sprott 8.8% MAJOR SHAREHOLDERS Mr. John Kutkevicius BCOM LLB LLM NON-EXECUTIVE CHAIRMAN Toronto-based income tax lawyer, has served as a director of a number of junior resource companies. Mr. Gary Lewis BCOM MBT GROUP CEO & DIRECTOR Senior executive with +30 years in capital markets, business and strategy development in Australia, UK and the Americas. Dr. Henry J. Sandri PhD MA BS COO & DIRECTOR +40 years in metals and minerals, energy, power and transportation industries in global public and private companies. Dr. Ian Pringle PhD BSc (GEOLOGY) TECHNICAL DIRECTOR Senior mining executive with outstanding track record of successful mineral resource evaluation, discovery, development and operations. Mr. Mark Travis CPG VP, EXPLORATION Experienced mining professional with deep connections and knowledge of precious metal deposits throughout Western USA. Ms. Natasha TsaI BCOM CPA CHIEF FINANCIAL OFFICER Chartered Professional Accountant with corporate finance and listed company experience in a number of sectors. MULTI-DISCIPLINARY BOARD & EXECUTIVE TEAM
  • 6. 6 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F Company Market Cap (C$M)5 Total Resources (oz)6 EV/Resource (C$) Location Silver One Resources $64.86 45,414,000 $1.29 Nevada, USA Blackrock Silver Corp $101.95 42,614,000 $2.21 Nevada, USA Silver Tiger Metals $91.44 37,000,000 $1.56 Mexico Nevada Silver Corp7 $17.02 33,484,000 $0.47 Nevada, USA Silver Viper Minerals $27.22 19,870,300 $1.35 Mexico Zacatecas Silver $42.74 16,400,000 $1.95 Mexico Defiance Silver $77.53 17,917,000 $3.66 Mexico Kuya Silver Corp $27.56 13,864,952 $1.91 Peru Reyna Silver Corp $45.97 - - Mexico Summa Silver $56.86 - - Nevada, USA 5 Value date: 29th July 2022 6 Blackrock Silver Corp includes Ag-Eq mineral resources from NI 43-101 Technical Report for the Tonopah West Silver-Gold Project, Nye and Esmeralda Counties, Nevada, USA, 28th April 2022. Silver One Resources Inc. includes Ag mineral resources from NI 43-101 Technical Report, Heap Leach Pads, Candelaria Property, Nevada, 6th August 2020. Silver Tiger Metals Inc. Ag mineral resources from NI 43-101 Technical Report, El Tigre Project, Mexico, 26th October 2017. Silver Viper Minerals Corp. includes Ag-Eq mineral resources from NI 43-101 Technical Report, La Virginia Project, Mexico, 30th May 2021. Zacatecas Silver Corp. Ag-Eq mineral resources from NI 43-101 Technical Report, Panuco Deposit, Mexico, August 2019. Defiance Silver Corp includes Ag-Eq mineral resources from NI 43-101 Technical Report, San Acacio Deposit, Mexico, September 2014. Sierra Madre Gold & Silver includes Ag-Eq mineral resources from NI 43-101 Technical Report, Dos Homos, Vita Tomas and Once Bocas North deposits, Mexico, March 2013. Kuya Silver Corp includes Ag-Eq mineral resources from NI 43-101 Technical Report for the Bethania Silver Project, Huancavelica, Peru, 9th April 2022. 7 NSC does not include NI 43-101 mineral resources for the Emily Manganese Project, Minnesota USA. SELECTED PEER COMPARABLES
  • 7. 7 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F CORCORAN SILVER PROJECT NEVADA Nevada is ranked as one of the World’s top mining districts by the Fraser Institute —Fraser Institute 2021 Annual Survey of Mining Companies 7 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
  • 8. 8 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F NEVADA SILVER PROJECTS VIDEO
  • 9. 9 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F CORCORAN SILVER PROLIFIC MINING DISTRICT M AP SHOW ING REGIONAL GEOLOGY AND M AJOR DEPOSITS The Corcoran Silver Project is located on the eastern edge of the Toquima Range, northeast of Tonopah in Nye County, central Nevada. The Toquima Range is one of the most highly-endowed Au-Ag districts in the USA. The 30km-wide zone of nested calderas includes ten ore deposits hosting 24M oz Au and over 89M oz Ag. Corcoran is the largest undeveloped silver resource located along the Toquima Caldera margin and is similar in deposit type and structural setting to nearby deposits. Corcoran is located on the Caldera margin faults, 25 kilometres east of Kinross’ Round Mountain mine
  • 10. 10 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F • 100% ownership of two Nevada silver projects encompassing 466 patented and unpatented mineral claims covering 9,429 acres: - Corcoran Canyon Silver-Gold Project (Corcoran) - Belmont / North Belmont Silver Project (Belmont) • Corcoran was the subject of an October 2020 NI 43-101 Inferred Mineral Resource estimate of 33.5M oz AgEq. - Grades to 6,769 g/t Ag and 8.4 g/t Au - Resource sits on <1% of total tenement area and is open along strike and at depth - Drill-ready to upgrade and expand resource and test targets at depth along 10km alteration zone. • Belmont is 15km south of Corcoran and was among the earliest and richest silver mining camps in the Tonopah district with an estimated average silver ore head-grade of 25oz/t (775g/t) Ag. - Proximity to Corcoran allows effective technical support and future development synergies. - Negligible silver exploration despite high-grade silver samples (up to 0.5% Ag) collected from remnant mine dumps by the USGS.8 - Mined lodes of extraordinary high-grade silver have the potential for extensions at depth. - Maiden drill campaign underway. • Favourable infrastructure, moderate terrain in Nevada, ranked as one of the world’s top mining jurisdictions.9 CORCORAN AND BELM ONT M INERAL CLAIM S M AP 8 Nash et al, 1985 https://pubs.usgs.gov/of/1985/0263/report.pdf 9 Fraser Institute 2021 Annual Survey of Mining Companies NEVADA SILVER PROJECTS OVERVIEW Corcoran Canyon Ag-Au deposit Corcoran Canyon Silver-Gold Project North Belmont Silver Project (36 claims) Belmont Silver Project (88 claims)
  • 11. 11 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F • High-grade drill intercepts in shallow stockwork and feeder system at depth • Mineralization appears related to Toquima Caldera complex • Alteration is proximal sericite- quartz-pyrite with widespread distal propylitic and argillic assemblages in ~12 sq km alteration system Low-sulfidation epithermal deposit fits with other nearby mines such as Tonopah and Round Mountain where mineralization in the former extends over 1,150 m below paleosurface. SILVER REEF MINERALIZATION CORCORAN SILVER LOW-SULPHIDATION EPITHERMAL MODEL
  • 12. 12 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F Silver and gold are spread near-surface across the deposit and provide an excellent open cut mine target. Exceptional silver grades continue at depth where there is ample opportunity to expand to a deeper, high-grade silver deposit similar to nearby Tonopah. NSC are planning extensional drilling to test these exciting targets following the promising results of the 17 diamond drill holes (3,040 meters) completed in December 2021. CORCORAN SILVER HIGH-GRADE DRILL INTERSECTIONS Drill hole Width (m) Silver (g/t) Grade x Width CC30 42.7 390 16653 CC38 6.1 1874 11431 CC38 1.5 6769 10153 CCD04 7.6 1150 8740 CC02 1.5 4114 6171 CCD09 1.5 4103 6154 CC02 1.5 3531 5296 CCD05 3.0 1370 4110 CC21-17 1.1 3470 3956 CC21-01 1.3 2310 3072 NSC AND HISTORIC DRILLING Deposit is not closed by drilling in any direction or at depth SILVER REEF HILL
  • 13. 13 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F • The Corcoran resource is untested by drilling at depth with potential for Tonopah-type bonanza grades. • Only a small, low-grade portion of the deposit has been drilled and mineralization is open in all directions. • A large rock alteration system with anomalous Ag + Au extends from the Corcoran resource for 10 km and requires surface sampling and mapping. • Preliminary drill testing at the West Target intersected promising near- surface Au + Ag. • The eastern Pediment Target has a similar structural setting to the Round Mountain Mine. CORCORAN SILVER CONSIDERABLE UPSIDE FOR EXPANSION PEDIMENT TARGET: At prominent structural intersection analogous to the enormous Round Mountain deposit. INTRUSIONS TARGET Outcrop with 30 g/t Ag and anomalous gold in rhyolite intrusion. WEST TARGET Mine-grade gold in drill results from surface include: 0-24m @ 0.63 g/t Au 2-17m @ 0.89 g/t Au CORCORAN RESOURCE EXTENSION: Drilling planned for high-grade lateral and depth extensions.
  • 14. 14 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F • First drill program in over a century underway. • Recently completed Induced Polarization (IP) and Resistivity survey identified twenty-four resistivity targets and related chargeability anomalies: - Six high-priority targets selected for initial diamond-drill testing. BELMONT SILVER 2022 DRILLING PROGRAM FROM RECENT GEOPHYSICAL SURVEY AT THE BELMONT SILVER PROJECT, NEVADA Toronto,Ontario, 15th June2022:NevadaSilverCorporation(“NSC”orthe“Company”)(TSXV:NSC)(OTCQB: NVDSF) is pleased to announce that it has received results and evaluation of the recently completed Induced Polarization (IP) and Resistivity survey at the Company’s 100% owned Belmont Silver Project in Nevada, USA. This survey is the first significant exploration to be undertaken at the Belmont Silver Project in over a century and has identified a large “elephant”-shaped anomaly with multiple untested targets of potential sulphide mineralization that will be drill-tested in the coming weeks (Figure 1). The pole-dipole IP/Resistivity geophysical survey was completed across the abandoned Belmont silver mining camp, located 15 kilometers south of the Company’s Corcoran Silver-Gold deposit and 72 kilometers northeast of Tonopah in central Nevada. The survey was undertaken to identify drill targets in zones of alteration, quartz veins/silicification and sulphides associated with silver mineralization beneath and along-trend from the historic silver mines (Figure 2). A number of extremely interesting resistivity and IP responses that indicate sulphide-rich drill targets have been identified for drill testing. The study defined both IP responses and zones of high resistivity which appear to be due to both stratigraphic and structurally controlled features. The strongest IP responses are associated with Figure 1. Three-dimensional diagram of the Belmont ‘elephant-shaped’ resistivity anomaly. Targets (white arrows) are interpreted as high sulphide targets within pervasive silicification. N Strong resistivity (sulphide rich) Moderate resistivity (abundant sulphide) 500 meters Three-dimensional diagram of the Belmont ‘elephant-shaped’ resistivity anomaly. Targets (white arrows) are interpreted as high sulphide targets within pervasive silicification. Drill rig at Belmont hole BS22-03 (Aug-22) First assays received Aug-22 for drill hole BS22-02 include 440 g/t Ag and 0.99% Pb (between 27.74m and 28.47m); within a 4.05m interval of 134 g/t Ag (26.76m-30.82m); the first drill hole to test the Belmont Silver Camp for over 100 years.
  • 15. 15 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F 〉 〉 〉 〉 〉 NEVADA SILVER KEY DEVELOPMENT MILESTONES (2022-23) Complete Expand landholding via additional claim staking. Compile historic data, confirm resource model and complete maiden NI 43-101 Mineral Resource Estimate. Complete Define environmental requirements and initiate baseline studies – cultural, biological and environmental. Permitting for phases one and two drill programs. Expand and upgrade mineral resources with infill and expansion drilling. Initiate drilling at Belmont Silver Project. Complete H2:23 Mineral resource upgrade and testwork aimed to establish and publish an NI 43-101 Preliminary Economic Assessment. Ongoing resource drilling, mineral processing and metallurgical testwork, environmental, biological and cultural studies. H2:23 H1:24 Initiation of Prefeasibility Study based on heap leach and flotation mining scenarios. 〉
  • 16. 16 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F EMILY MANGANESE PROJECT MINNESOTA “… the largest high-grade manganese deposit in the Northern Hemisphere.” — M. Liljegren, Minnesota Department of Natural Resources (2010) 16 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F
  • 17. 17 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F Mn 10% Cutoff Grade Metric Tonnes Average Mn (%) Average Fe (%) Total Indicated 5,685,310 19.20 23.02 TotalInferred 777,777 22.48 22.15 The Emily Manganese Project has an NI 43-101 Mineral Resource Estimate available at www.nevadasilvercorp.com. The Mineral Resource Estimate incorporates drilling results from two separate drilling programs in 2011 and 2012 for seven diamond drill core holes using an inverse distance squared method and a 10% manganese weight percent cutoff. Mineral resource tonnage and grades are reported as undiluted. Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate and numbers may not add due to rounding. This Mineral Resource Estimate was prepared under the requirements of National Instrument 43-101 “Standards of Disclosure for Mineral Projects” of the Canadian Securities Administrators by Mr. Brad M. Dunn CPG, Senior Mining Geologist, Barr Engineering Company and has an effective date of June 12, 2020. Source: NI 43-101 Technical Report and Resource Estimate, Emily Manganese Property, Crow Wing County, Minnesota USA by B Dunn, 12th June 2020 EMILY MANGANESE ESTABLISHED MINERAL RESOURCE NI 43-101 COMPLIANT INDICATED AND INFERRED MINERAL RESOURCE ESTIMATE While a significant manganese resource exists at the Emily deposit, the resource defined by Barr Engineering represents only a small portion of a much larger area of manganese-iron deposition along strike and down-dip previously drilled by Pickands Mather and US Steel in the 1940s and 1950s, pointing to significant upside potential from the planned NSM extensional drill program.
  • 18. 18 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F EMILY MANGANESE RESOURCE FOOTPRINT The map below shows bedrock in and around the Emily project area, as well as historic and current drill holes by various parties (Peterson 2019). Current project lands under the control of NSM are shown as translucent green and blue blocks in Sections 20 and 21. Shown in light blue is the proposed West Ruth Lake Mine prepared by U.S. Steel to target 24,012,200 tons of 15.29% Mn and 23.38% Fe (Strong 1959).
  • 19. 19 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F EMILY MANGANESE PRINCIPAL MANGANESE MINERALS PYROLUSITE ORE – 63% Mn MANGANITE ORE – 89.7% Mn RHODOCHROSITE ORE – 38.9% Mn EMILY MANGANESE PROJECT (MINNESOTA, USA) OTHER NORTH AMERICA MnO2 MnO(OH) or Mn2O3 MnCO₃
  • 20. 20 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F • US$24 million invested to date resulting in important technical studies, exploratory drilling, process development and benchmark pilot process to produce MnCO3, Electrolytic Manganese Metal (EMM) and Electrolytic Manganese Dioxide (EMD). At site, a processing plant with transport and storage facilities and local road improvements have been completed. • US domestic mineral supply advantage: - Manganese added to the US Dept. of Commerce critical minerals list. - No producing manganese mines in the US or Canada; and US-imported manganese is sourced mostly from Southern Africa10. - The electrification of the global car fleet coupled with other energy storage applications will drive incremental demand for high-purity manganese products >39% (CAGR 2018-2025)11. EXHIBIT B Aerial view of CMR process plant and land 12/21/16 Emily Site Works and Infrastructure EMILY MANGANESE PROJECT HIGHLIGHTS 10 USGS Professional Paper 1802-L, December 2017 11 Benchmark Mineral Intelligence
  • 21. 21 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F Dr. Ian Pringle, Technical Director and Director of the Company, supervised the preparation of and approved the scientific and technical information in this presentation. Information about data verification procedures used to support scientific and technical information on the Company’s material property presented herein, as well as with respect to the results of processing and interpretation of exploration data and assumptions regarding the Mineral Resource estimate is derived from and based on the assumptions, qualifications and procedures set out in the Technical Report “Corcoran Canyon Silver-Gold Property” by Mr. Greg Mosher, P. Geo., M.Sc., and Mr. David Smith P. Geo., M.S., dated 12th October 2020 and filed by Nevada Silver Corporation under the Company’s profile at www.sedar.com. Information about data verification procedures used to support scientific and technical information on the Company’s Emily Manganese Property, presented herein, as well as with respect to the results of processing and interpretation of exploration data and assumptions regarding the Mineral Resource estimate is derived from and based on the assumptions, qualifications and procedures set out in the Technical Report “Resource Estimate on the Emily Property, Minnesota” by Mr. Brad M. Dunn, CPG., dated 12th June 2020 and filed by Nevada Silver Corporation under the Company’s profile at www.sedar.com. SCIENTIFIC AND TECHNICAL INFORMATION TSXV: NSC OTCQB: NVDSF NEVADASILVERCORP.COM Nevada Silver Corporation Suite 800, 365 Bay Street Toronto, ON M5H 2V1 Canada Nevada Silver Corporation CHF Capital Markets Gary Lewis Perry Rapagna Group CEO & Director Manager, Corporate Development T: +1 (657) 846 5299 T: +1 (416) 686 1079 ext. 230 gl@nevadasilvercorp.com perry@chfir.com
  • 22. 22 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F NI 43-101 COMPLIANT INFERRED MINERAL RESOURCE ESTIMATE Cutoff AgEq g/t Million Tons AgEq g/t Ag Capped g/t Au Capped g/t Ag Cap oz Au Cap oz AgEq oz Pit Constrained 15 g/t AgEq cutoff 31.820 32 21 0.23 21,838,000 239,000 32,856,000 Underground 100 g/t AgEq cutoff 0.158 124 112 0.26 567,000 1,000 628,000 The Corcoran Silver Project has an NI 43-101 Inferred Mineral Resource Estimate available on www.sedar.com or www.nevadasilvercorp.com. Mineral resources are stated in terms of silver equivalency, AgEq, which combines capped silver and gold composite grades. US$21.09/ounce was used for silver and US$1,657/ounce for gold and recoveries of 77% silver and 45% gold estimated from test work commissioned by Centennial Mining and undertaken by Hazen Research, Inc in 1985. Grade cutoff for pit constrained inferred resources is 15 g/t AgEq and for Underground Inferred Resources is 100 g/t AgEq. Mineral resource tonnage and grades are reported as undiluted. mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate and numbers may not add due to rounding. This Mineral Resource Estimate was prepared under the requirements of National Instrument 43-101 “Standards of Disclosure for Mineral Projects” of the Canadian Securities Administrators by Mr. Gregory Z. Mosher, P.Geo., M.Sc. and Mr. David S. Smith, P.Geo., M.S. and has an effective date of October 12, 2020. APPENDIX - CORCORAN SILVER ESTABLISHED MINERAL RESOURCE Source: NI 43-101 Technical Report and Resource Estimate, Corcoran Canyon Silver-Gold Property, Nye County, Nevada USA by G Mosher and D Smith, 12th October 2020
  • 23. 23 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F APPENDIX - CORCORAN SILVER DRILLING SUMMARY • Maiden 3,040m drill campaign comprising 17 diamond core drill holes was completed 15th December 2021. • Analytical results finalized in mid-January 2022 show wide zones of Ag-Au dipping north and open to east and at depth. • Positive results in drill holes with highlights as follows: - CC21-01; 96 meters from surface @ 35g/t AgEq and 1.33 meters @ 2466g/t AgEq (2310g/t Ag, 2.6g/t Au) - CC21-06; 204.67 meters from surface of 43g/t AgEq including 0.8 meters @ 747g/t AgEq - CC21-10; 26.32 meters from 62.00 meters @ 56g/t AgEq and 44.04 meters from 94.64 meters to EOH @ 44g/t AgEq - CC21-15; 167 meters combined - averaging over 43g/t AgEq - CC21-17; 62.29 meters from 87.56 meters @ 94g/t AgEq including 1.14 meters of 3542g/t AgEq (3470g/t Ag, 0.96g/t Au) Cross section through the Corcoran Ag-Au deposit showing drill traces for drill holes CC21-16, CC21-06, CC21-01 and CC21-13 with significant zones of silver. Sulfide breccia in CC21-01 drill core between 87.2 – 88.0 meters containing 271g/t Ag and 0.60g/t Au.
  • 24. 24 N E V A D A S I L V E R C O R P . C O M I T S X V : N S C I O T C Q B : N V D S F RISK FACTORS The following risk factors are not exhaustive, are a summary only and should be read in conjunction with: (i) the Company’s public disclosure documents, including the “Risk Factors” set forth in the filing statement of the Company dated April 20, 2021 (the “Filing Statement”), which is available for view on the SEDAR website at www.sedar.com; and (ii) all other information set out in this presentation. Readers are cautioned that the following specific factors could materially adversely affect the Company and should be considered when deciding whether to make an investment in the Company. Other risks and uncertainties that we do not presently consider to be material, or of which we are not presently aware, may become important factors that affect our future financial condition and results of operations. The occurrence of any of the risks discussed below (or in the Filing Statement) could materially adversely affect the Company’s business, prospects, financial condition, results of operations, cash flow or the trading price of its securities. An investment in the Company is suitable only for investors (i) who understand the potential risk of capital loss, (ii) for whom an investment in the Company is part of a diversified investment program; and (iii) who fully understand and are willing to assume the risks involved in such an investment program. Before investing, prospective investors in the Company should carefully consider the following risks: i. The Company has limited financial resources and has no source of operating income. ii. The Company has a very limited history of operations and is in the early stage of exploration. iii. There is no assurance that the Company’s mineral exploration activities will result in any discoveries of commercial bodies of ore. iv. The Company’s calculations of Mineral Resources are estimates and depend upon geological interpretation and statistical inferences drawn from drilling and sampling analysis, which may prove to be inaccurate. Actual recoveries of gold, silver and manganese from mineralized material may be lower than those indicated by test work. Fluctuation in gold, silver or manganese prices, results of drilling, metallurgical testing and production and the evaluation of mine plans subsequent to the date of any estimate may require revision of such estimate. v. Profitability of the Company’s operations will be dependent upon the market price of silver, gold, and manganese. Mineral prices fluctuate widely and are affected by numerous factors beyond the Company’s control. vi. The Company has limited financial resources, has earned nominal revenue since commencing operations, has no source of operating cash flow and there is no assurance that additional funding will be available to it for exploration and development. Furthermore, additional financing will be required to continue the development of the Company’s properties even if the Company’s exploration program is successful. vii. Although the Company believes it has taken reasonable measures to ensure proper title to its properties, there is no guarantee that title to any of its properties will not be challenged or impaired. viii. Even if the Company is successful in identifying mineral resources in sufficient quantities and with sufficient grades to prove economically feasible, there is no certainty that the metallurgical processes will or can be developed to separate economically valuable products from waste, or that metallurgical processes that are developed and the resulting by-products will not have deleterious effects on people, the environment or products, and by consequence, the Company and its business. ix. To the extent government approvals and permits are required for the Company’s operations and not obtained by the Company, the Company may be curtailed or prohibited from proceeding with planned exploration, development or operation of its mineral properties. x. The Company had negative operating cash flow for the period ended December 31, 2019, and the year ended December 31, 2020. The Company anticipates that it will continue to have negative operating cash flow for the foreseeable future and that it will need to allocate a portion of its cash reserves to fund such negative cash flow. xi. Existing and possible future laws, regulations and permits governing operations and activities of exploration companies, or more stringent implementation thereof, could have a material adverse impact on the Company and cause increases in capital expenditures or require abandonment or delays in exploration. xii. In order to carry out reclamation obligations that may be imposed on the Company in connection with its business, the Company may be required to allocate financial resources that might otherwise be spent on exploration and contemplated development programs. xiii. Regulation relating to emission levels (such as carbon taxes) and energy efficiency is becoming more stringent, which may result in increased costs at the Company’s operations. In addition, in the event that the effects of climate change or extreme weather events cause prolonged disruption to the delivery of essential commodities, production levels at the Company’s operations may be reduced. xiv. The Company is dependent upon a number of key management and technical personnel. xv. The Company’s business is subject to a number of risks and hazards including adverse environmental conditions, industrial accidents, labour disputes, unusual or unexpected geological conditions, ground or slope failures, changes in the regulatory environment and natural phenomena such as inclement weather conditions, floods and earthquakes. Insurance coverage may not continue to be available for such risks or may not be adequate to cover any resulting liability. xvi. Non-governmental organizations or local community organizations could direct adverse publicity against and/or disrupt the operations of the Company in respect of one or more of its properties, regardless of its successful compliance with social and environmental best practices, due to political factors, activities of unrelated third parties on lands in which the Company has an interest or the Company’s operations specifically. xvii. Consultation with First Nations groups may eventually be required in connection with further exploration or development activity. The impact such consultations may have on the Company’s operations is not knowable. xviii. The mining industry is intensely competitive in all phases of exploration, development and production and the Company competes with many companies currently possessing greater financial and technical resources. xix. The Company and its subsidiaries are incorporated in Australia and the United States, respectively. It may not be possible for shareholders to effect service of process against the Company’s officers and directors who are not resident in Canada. xx. An investment in the Company Shares is speculative and may result in the loss of an investor’s entire investment. Only potential investors who are experienced in high-risk investments and who can afford to lose their entire investment should consider an investment in the Company. xxi. Securities of resource exploration companies have experienced substantial volatility in the past, often based on factors unrelated to the financial performance or prospects of the companies involved. xxii. Sales of a substantial number of Company Shares or other equity-related securities in the public market (or the perception that such sales may occur) could depress the market price of the Company Shares and impair the Company’s ability to raise capital through the sale of additional equity securities. xxiii. Fluctuations in the value of currencies including the Canadian dollar and United States dollar may materially affect the financial position and results of the Company. xxiv.The Company conducts a portion of its operations through foreign subsidiaries and certain assets are held in such entities. Accordingly, any limitation on the transfer of cash or other assets between the Company and such entities, or among such entities, could restrict the Company’s ability to fund its operations efficiently. xxv. The Company’s business, operations and financial condition could be adversely affected by the outbreak of epidemics or pandemics or other health crises, including the recent global outbreak of the COVID-19 novel coronavirus.