IMPACT Silver is a Canadian silver producer with operations based in Mexico. It operates two processing plants and multiple mines on its large land package, producing over 500,000 ounces of silver in the first three quarters of 2014. Exploration continues to evaluate numerous targets indicated by over 4,000 historic mine workings, with the goal of expanding production and growing IMPACT Silver into a multi-million ounce precious metals producer. Management is focused on efficient operations and technical development to build value in the current low metal price environment.

1. 1
TSX.V : IPT
January 2015

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. SILVER
PRODUCTION
NEW HIGHER
GRADE SILVER
MINES
GOLD & COPPER
ZONES
EXTENSIVE
EXPLORATION
UPSIDE
PRUDENT
MANAGEMENT
IMPACT Silver has been a steady silver producer since 2006 with low cost operations on
one large property in central Mexico.
2014 saw initial test mining of new gold zones and metallurgical testing of copper zones
in the Carlos Pacheco area, with the 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
Management is focused on building value by efficient use of funds and technical assets in
this time of low metal prices, in pursuit of building a multimillion ounce precious metal
producer
Overview
3

4. Frederick W. Davidson, CA President, CEO, Director President of IMPACT Silver and Energold Drilling Corp. Over 33 years of mining experience, including
holding various senior positions at Erickson Gold Mines Ltd. and Mt. Skukum Gold Mines.
George Gorzynski, P. Eng. VP Exploration, Director Over 30 years of exploration and mining experience; also current Director of Tirex Resources, Defiance
Silver and Berkwood Resources.
Richard Younker, CA, CMC CFO Held the senior financial consulting principal position at Woods Gordon; independent financial
consultant in public and private sectors.
Armando Alexandri COO Over 35 years of mining experience in underground and open-pit mines as well as flotation and
cyanidation processing plants.
H. Walter Sellmer, P. Geo Director Held senior positions at Amax Exploration, Canamax Resources Inc. and TOTAL Energold Corp.
Victor Tanaka, P. Geo Director President and CEO of Bayswater Uranium Corp. Held senior positions at Asamera Inc., Freeport
McMoRan Gold Corp., Aber Resources, Major General Resources, Fjordland Exploration and Pathfinder
Resources.
Richard Mazur, P. Geo, MBA Director President and CEO of Forum Uranium Corp. and CEO of Alto Ventures Ltd. Held senior positions at
Canamax Resources and IMPACT Minerals.
Peter Tredger, P. Eng., MBA Director Former Senior Officer of Thompson Creek Metals Company. Held senior positions at Glencairn Gold
(now B2Gold) and Wheaton River Minerals (now Goldcorp).
Jean-Pierre Bourtin, MBA Director President of a private equity firm in Connecticut, USA. Former Treasurer of Xerox Corp., Latin
American and Emerging Markets.
Directors & Management
4

5. • 100% owned and operated large 623 km² (62,300 ha)
mineral concession package in south-central Mexico.
• Two contiguous mineral districts with long history of silver
mining and nascent new era of gold mining.
• A three hour drive southwest from Mexico City, with paved
road access to the gate of IMPACT’s Guadalupe Production
Center.
• Excellent infrastructure, with a modern power grid, ample
water supply and a skilled, 99% Mexican workforce.
• Many other significant mining operations in the region.
5
Property Description

6. • The Royal Mines of Zacualpan is one of the
oldest mining districts in the Americas, with
nearly 500 years of recorded mining history
• IMPACT’s large land package has a long history
of silver mining and is now entering a new era
with the addition of gold production on the same
property
• IMPACT’s exploration work has catalogued
over 4,000 old mine workings and 42 old mills,
indicating extensive historical mining, large
exploration potential and forming an invaluable
database for modern and effective exploration.
Prolific Mining History
6
Zacualpan District
Capire District
Early stage
exploration area
Number of Old Mine Workings
>4,000
Valle de Oro
Subdistrict

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 four underground mines located
within close proximity:
• Cuchara-Oscar Silver Mine
• San Ramon Silver Mine
• Mirasol Silver Mine
• Gallega 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
One Property - Two Processing Plants
GUADALUPE PRODUCTION CENTRE (500 TPD) CAPIRE PILOT PLANT (200 TPD)

9. Mirasol
Began production in Q2/2014
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 Q3 2014: 4%
and expanding
San Ramon
Began production in 2004
High grade epithermal silver
veins in Zacualpan District
Recent discovery of new high
grade silver veins at depth
have extended mine life
Contribution to total
production in Q3 2014: 19%
and expanding
Cuchara-Oscar
Began production in 2013
Corridor of epithermal veins
linking new and legacy
mines; in 2014 ramped up to
become the principal
producing mine in the
Zacualpan District
Contribution to total
production in Q3 2014: 53%
Gallega
Intermittent low cost
production
Epithermal silver veins in
historic Guadalupe Mine
Contribution to total
production in Q3 2014: 17%
One Property - Four Producing Mines
9

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
281g/t Silver (recovered) from
Levels 18 and 19
• The Zone remains open for
expansion to the south and to
depth with additional drilling in
progress
New high grade
silver discoveries
(in red)
Open for expansion;
drilling underway

11. Geology of Epithermal Vein Systems
Silver-rich at top of vein
150 – 1,000+ g/t Silver
Lead and Zinc-rich at
bottom of vein
50 – 120 g/t Silver
Gold-copper at depths
of 300 m+
Metal Zoning in Mineral Shoots
Strike Length
150 – 420 m (500 – 1,400 ft)
Metal Level in Producing Mines
Surface – 0 m (0 ft)
150 m (500 ft)
300 m (1,000 ft)
Depth
11
San Ramon Mine Deeps
Carlos Pacheco/San Juan
Mine
Mirasol Zone
Cuchara-Oscar Mine

12. 12
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 late 2013 began
outlining the larger San Juan Gold-
Copper Zone
• The Zone remains open for
expansion to depth with additional
drilling planned

13. 13
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
• New geological models are allowing
exploration work to focus more rapidly
on vein targets with the highest potential
• The Capire area is host to silver-rich
volcanogenic (VMS) mineralization in
the open pit mine and other nearby
prospects

14. Rapid Exploration To Mine Development
RESEARCH
Compile old
mines/ prospects
from historic
maps
DRILLING
Drilling in
phases based
on success
MINE
DEVELOPMENT
Mine Planning,
Permitting and
Construction
FIELD WORK
Surface &
underground
sampling,
mapping
MINE
PRODUCTION &
CASH FLOW
More than 3,900
old mines and
prospects
catalogued
to date
Prioritize and
select
areas and
prospects
for drilling
• San Juan
(in progress)
• Alacran North
(drilling planned)
• El Paso
(drilling planned)
• Cuchara-Oscar
• San Ramon
• Mirasol
• Gallega
•San Ramon Deeps
•San Juan
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

15. Production Summary
Production Highlights Q1-Q3 2014 YE 2013 Change YE 2012
Silver production (oz) 511,804 682,526 +10% 620,515
Gold production (oz) 802 1269 +102% 629
Average mill head grade
(silver grams per tonne)
152 158 +14% 138
Total tonnes produced (t) 120,463 159,270 -6% 168,826
Tonnes produced per day 441 436 -6% 463
Revenue per production
tonne sold
$76 $84 -10% $94
Direct costs per production
tonne
$70 $68 +9% $62
15
Silver-Focused Producer
Silver
80.83%
5.54%
4.68% 8.94%
Revenue Breakdown by Metals (2013)
Silver production
(oz)
Lead production (t)
Zinc production (t)
Gold production
(oz)

16. (CDN$000’000’s except EPS) Q1-Q3 2014 YE 2013 YE 2012 YE 2011
Revenues $8.9 $14.1 $15.9 $24.3
Operating expenses 8.8 11.4 $10.3 $10.1
Mine operating earnings (loss)* ($0.0) $1.5 $4.0 $12.9
EBITDA ($1.3) ($4.6) $1.6 $13.0
Net earnings (loss) ($2.9) ($8.5) ($1.1) $7.6
Operating cash flow** $0.3 $0.6 $3.3 $10.2
Debt Nil Nil Nil Nil
Earnings (loss) per share – basic ($0.04) ($0.13) ($0.02) $0.12
Cash and cash equivalents $1.0 $3.5 $16.0 $30.8
Working capital $4.1 $6.9 $21.4 $31.9
16
*Before Amortization and Depreciation
**Before changes in non-cash working capital
Financial Highlights
The Company’s working capital and cash position decreased from the year ended December 31, 2012, as the Company invested in the
development of the Capire Mine and Pilot Plant, as well as continued exploration in the Zacualpan District.

17. All prices in Canadian Dollars As of January 15, 2015
Common shares – Issued & Outstanding 68.1 M
Fully Diluted 74.5 M
Share Price $0.235
52wk Range $0.21 - $0.89
3 Month Average Daily Volume 56,440 Shares
Market Capitalization 16.0M
Insider and Institutional Ownership 14.9%
Options Issued 6.3 M
Warrants Nil
Corporate Summary (TSX.V: IPT)
17
Source: Yahoo Finance
1-Year Chart Summary

18. 2015
• TRANSITIONING TO NEW HIGHER GRADE PRODUCTION
• Ramp up production at Cuchara-Oscar Mine (Done)
• Ramp up higher grade silver production at Mirasol Mine (Continuing – completion Q2)
• Expand high grade silver production at San Ramon Deeps and continue underground drilling to the
south and to depth (Continuing)
2016+
• EXPANSION AND EXPLORATION
• 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
• Expansion of mining activities with aim to grow IMPACT Silver into a multimillion ounce precious
metals producer
Plans for Growth
18

19. 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
19

20. Appendix I: Capire Drill Highlights
A Selection of Capire Drill Highlights
Drill Hole From (m)
To
(m)
Interval
(m)
Ag (g/t) Au (g/t)
Pb
(%)
Zn
(%)
Cu
(%)
C12-06 78.25 80.30 2.05 507 1.81 2.20 4.02 0.41
including 79.30 80.30 1.00 929 3.27 2.77 5.27 0.63
and 105.70 110.80 5.10 183 0.20 1.05 2.45 0.13
C12-21 83.35 100.10 16.75 153 0.40 1.14 2.71 0.21
including 92.40 97.00 4.60 435 0.71 3.13 5.99 0.48
C12-25 13.20 23.35 10.15 107 0.58 0.90 2.43 0.10
including 13.20 15.25 2.05 315 0.91 2.93 8.19 0.25
• Drill holes listed above were drilled vertically and all intersections are estimated to be close to true width
• See IMPACT Silver News Release dated October 25, 2012 for details
20

21. Appendix II: Mirasol Drill Highlights
A Selection of Mirasol Drill Highlights
Drill Hole Vein Name From (m)
To
(m)
True Width
(m)
Ag (g/t) Au (g/t)
Pb
(%)
Zn
(%)
Z12-71 Mirasol Central 73.9 82.9 8.94 183 0.030 0.07 0.14
including Mirasol Central 75.2 82.4 7.15 216 0.040 0.08 0.16
Z12-79 Mirasol Arriba 3 127.25 128.40 1.14 400 0.034 0.13 0.08
and Mirasol Arriba 1 162.60 164.48 1.88 529 0.283 0.37 1.31
Z12-80 El Deshuesadero 83.45 85.15 1.55 931 0.300 1.03 2.10
Z12-82 Mirasol 188.75 190.55 1.80 946 0.893 1.51 3.43
Z12-85 Mirasol Arriba 3 147.15 148.26 1.11 1,064 0.187 0.46 2.05
Z12-86 El Deshuesadero 217.25 220.70 3.20 289 0.090 0.14 0.51
• Mirasol was discovered in November 2012, 5.5km from the Guadalupe Production Center, in Zacualpan
• Several high grade silver values discovered, with drill hole Z12-79 encountering seven distinct veins. For details see IMPACT Silver News Releases dated
January 28, 2013 and November 26, 2012
21

22. Appendix III: Cuchara-Oscar Drill Highlights
A Selection of Cuchara-Oscar Drill Highlights
Drill Hole To (m) From (m) Interval (m) Ag (g/t) Au (g/t) Pb (%) Zn (%)
Z11-46 92.10 97.75 5.65 1,007 0.07 0.50 1.1
including 96.70 97.75 1.05 4,580 0.26 1.70 4.0
and 108.95 111.70 2.75 1,128 0.51 0.90 1.4
Z11-55 21.80 22.85 1.05 435 0.01 0.15 0.24
Z11-64 36.60 43.20 6.60 223 0.08 0.18 0.52
Z11-69 0.70 3.35 2.65 408 0.62 0.73 1.12
Z11-74 21.35 22.35 1.00 1,875 0.74 2.65 6.88
Z12-05 92.50 97.60 5.10 234 0.05 0.14 0.49
Z12-08 22.36 45.75 23.39 115 0.02 0.12 0.36
• See IMPACT Silver News Releases dated October 26, 2011 and April 23, 2012 for details
22

23. Appendix IV: Carlos Pacheco Drill Highlights
A Selection of Carlos Pacheco Drill Highlights
Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%)
Z08-68 Top of intercept - 85.74 2.90 19.6 68 0.29
including Top of intercept - 85.74 1.0 49.7 59 0.31
Z12-13 192.30 199.00 6.70 3.84 28 0.54
including 192.30 195.05 2.75 8.47 56 1.12
Z12-23 229.85 230.95 1.10 3.82 84 0.54
A Selection of Intermediate (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.
23

24. Appendix V: San Juan Project Drill Highlights
A Selection of San Juan Project Area Drill Highlights
Drill Hole Vein Name From (m) To (m) True Width (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) Cu(%)
Z13-42 Carlos Pacheco 119.30 128.60 9.02 21.3 3.894 0.98 3.28 0.11
including Carlos Pacheco 127.65 128.60 0.92 73.3 33.630 4.09 12.02 0.10
Z13-44 Noche Buena 11.60 14.00 2.07 1,409.8 0.963 0.29 0.34 0.03
and Carlos Pacheco 158.05 162.40 4.03 30.9 4.070 0.18 0.83 0.12
Z13-45 Carlos Pacheco 169.00 173.00 3.78 18.3 9.350 0.04 0.08 0.22
Z13-60 Noche Buena 16.15 28.35 12.20 300.5 0.256 0.06 0.19 0.01
Z13-67 Carlos Pacheco 14.60 22.55 7.17 37.20 3.439 0.02 0.07 0.53
Z13-71 Carlos Pacheco 157.45 160.75 3.19 276.9 10.343 0.56 0.76 1.88
Z13-76 Noche Buena 52.00 57.87 5.67 994.2 1.102 0.27 0.28 0.02
• The San Juan Project Area encompasses a series of old mine workings containing multiple working levels located 150m to the north of the Noche
Buena Mine. These old working lie along the northern extension of the Carlos Pacheco Vein, where previous drilling intersected 19.6g/t gold across
2.9m and 3.84g/t gold across 6.7m. See IMPACT Silver News Release dated October 30, 2013 for details.
24

25. Appendix VI: Condesa Drill 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
• 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
25

26. 26