IMPACT Silver is a junior silver producer with two production centers in Mexico. It has four producing silver mines currently feeding its centers. IMPACT aims to grow through continued exploration of its large land package, with the goal of developing multiple mines to feed multiple processing centers and become a mid-tier precious metals producer. Key targets for further exploration and potential development include Mirasol, La Condesa, Santa Efigenia, and others across its Zacualpan and Capire districts.

1. 1

2. Cautionary Statement
Except for historical information, this presentation may contain certain “forward-looking” statements and information relating to
IMPACT that are based on the beliefs of IMPACT management, as well as assumptions made by and information currently available
to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including
but not limited to, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and
economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision,
seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any
underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not
assume the obligation to update any forward-looking statement.
The factors that could cause actual results to differ materially include, but are not limited to, the following: general economic
conditions; changes in financial markets; the impact of exchange rates; political conditions and developments in countries in which
the Company operates; changes in the supply, demand and pricing of the metal commodities which the Company mines or hopes
to find and successfully mine; changes in regulatory requirements impacting the Company’s operations; the ability to properly and efficiently staff the Company’s
operations;
the
sufficiency
of
current
working
capital
and
the
estimated
cost
and
availability
of
funding
for the continued exploration and development of the Company’s exploration properties.
This list is not exhaustive and these and other factors should be considered carefully, and readers should not place undue reliance
on the Company’s forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of
activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking
statements.
NI43-101 QUALIFIED PERSON
George Gorzynski, P. Eng., Vice President, Exploration and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the
technical information in this presentation.
2

3. Overview
GROWING
ASSETS
IMPACT Silver is a junior silver producer with low cost operations and a growing
portfolio of silver mines in south-central Mexico.
CONTINUOUS
EXPLORATION
A cornerstone of IMPACT’s success is systematic exploration leading to rapid mine
development to increase mill throughput and generate near-term cash flow.
PRUDENT
MANAGEMENT
Focused on creating value by growth primarily through earnings, in the pursuit of building
a multimillion ounce precious metals producer.
3

4. Directors & Management
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; 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.
4

5. Property Location in Mexico
•
Nearly 100% owned and operated 623 km² (62,300 ha)
mineral exploration land package in south-central Mexico
•
Two contiguous mineral districts with mining activities
dating back to the 1500s
•
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 within close
proximity
5

6. Prolific Mining History
Zacualpan District
•
•
Valle de Oro
subdistrict
Early stage
exploration area
Capire District
The Royal Mines of Zacualpan is one of the oldest
mining districts in the Americas, with nearly 500
years of recorded mining history.
IMPACT’s 623 km² land package consists of two
large mineral districts and one subdistrict: The
Zacualpan District and the Capire-Mamatla
District, and the Valle de Oro subdistrict.
•
IMPACT’s exploration work has catalogued over
3,500 old mine and mill workings, forming an
invaluable basis for modern and effective
exploration.
6

7. Mine and Production Center Location Map
• The 500-tpd Guadalupe Production Center is located
within the Zacualpan District.
• The Guadalupe Production Center receives ore from
three underground silver mines located within close
proximity:
• San Ramon Mine
• Noche Buena Mine
• Cuchara-Oscar Mine
• The 200-tpd Capire Production Centre is located
within the Capire-Mamatla District.
• The Capire Production Center commenced pilot
production in March 2013, with test operations
continuing with mineral feed from the adjacent
open-pit Capire Mine.
7

8. Long Term Goal and Mine Development Process
To build a profitable, mid-tier, multimillion ounce precious metals producing company with multiple
mines feeding multiple processing centres.
Exploration and Mine Development Process Flowchart
RESEARCH
Compile old mines
and prospects from
historic maps
FIELD WORK
Geological mapping,
surface and
underground rock
sampling
DRILLING
Drill program will
be results-driven and
implemented in
phases
MINE
DEVELOPMENT
Mine design, planning,
permitting and
construction
Over 3,000 old mine
workings and
prospects catalogued
in IMPACT’s ArcGIS
database
Select and prioritize
favorable areas and
prospects and design
the drill program
Current targets:
• Capire (south)
• Mirasol
• La Condesa
• Santa Efigenia
• San Juan
Pilot operations at
Capire Plant with plans
to expand to larger
scale production in the
future
PRODUCTION
&
CASH FLOW
• San Ramon
• Noche Buena
• Cuchara-Oscar
• Capire
8

9. Two Production Centres
Guadalupe Production
Guadalupe Production
Centre
Centre
Zacualpan District
ZacualpanDistrict
500 TPD
500 TPD
Capire Production
Capire Production Centre
Centre
Capire-Mamatla District
Capire-Mamatla District
200 TPD
200 TPD
Flotation circuit
Flotation circuit
Operating near
operating near capacity
capacity
Pilot operation with
Pilot plantplant with
expansionplans
expansion plans
Mill feed from
Mill feed from
San Ramon, Noche
San Ramon, Noche Buena &
Buena & Cuchara-Oscar
Cuchara-Oscar Mines
Mines
Mill feed from
Mill feed from
Capire Mine
Capire Mine
(epithermal, underground)
(underground)
(VMS, open-pit)
(open-pit)
9

10. Guadalupe Production Centre
• Guadalupe Production Centre (500 tpd)
• Flotation circuit produces silver-lead and zinc-silver
concentrates
10

11. Capire Mine and Production Centre
• Capire Production Centre (200 tpd pilot plant)
• Capire Mine (VMS, open-pit)
11

12. Four Producing Silver Mines
San Ramon
Noche Buena
Cuchara-Oscar
Capire
Began production in 2008
Epithermal veins
Current primary producing
mine in the Zacualpan
District
Began production in 2010
Epithermal veins in Valle de
Oro subdistrict located in the
Zacualpan District
Corridor of wide, high-grade
epithermal veins linking
legacy mines within the
Cuchara Mine Complex in
the Zacualpan District
Volcanogenic sulfide
deposit with high-grade
polymetallic mineralization
in the Capire-Mamatla
District
Contribution of total
production in Q3 2013: 27%
Contribution of total
production in Q3 2013: 0%
(In commissioning phase)
Contribution of total
production in Q3 2013: 41%
Contribution of total
production in Q3 2013: 32%
12

13. Geology of Epithermal Vein Systems
Metal Level in Producing Mines
Metal Zoning in Ore Shoots
Strike Length
150 – 420 m (500 – 1,400 ft)
Cuchara-Oscar Mine
Surface – 0 m (0 ft)
Silver-rich at top of vein
200 – 1,000+ g/t Ag
Noche Buena Mine
San Ramon Mine
Depth
150 m (500 ft)
Lead and Zinc-rich at
bottom of vein
60 – 150 g/t Ag
300 m (1,000 ft)
Valle de Oro subdistrict
Exploration property, includes Carlos Pacheco
gold-copper zone and San Juan Project
Gold-copper at depths
of 300 m+
13

14. Exploration Targets
•
An abundance of attractive exploration targets across Zacualpan and Capire districts to drive organic growth and
potentially advance into mine development and production.
Zacualpan District
• Mirasol
• La Condesa
• Santa Efigenia
623 km²/ 62,300
ha
land package*
Valle de Oro Subdistrict
• Carlos Pacheco
• San Juan Project
• Huatescosco
* Does not include the Dominican Republic claims
Capire-Mamatla District
• Manto Rico
• Guadalupe
• Aurora II
Dominican Republic
• Early stage exploration on legacy
claims
Above: Statue of miner in Zacualpan’s town square, Mexico
14

15. Production Summary
Production Highlights
Silver production (oz)
Gold production (oz)
Average mill head grade (silver
grams per tonne)
Q3 2013
HY 2013
YE 2012
185,998
351,649
620,515
348
584
Silver-Focused Producer
629
2012 Metal Production
Silver - 85.5%
171
155
138
Lead - 4.2%
Total tonnes produced (t)
38,520
84,095
168,826
Tonnes produced per day
419
467
463
Revenue per production tonne sold
$81
$94
$94
Direct costs per production tonne
$67
$67
$65
Zinc - 6.1%
Gold - 4.2%
15

16. Financial Highlights
Q3 2013
HY 2013
YE 2012
YE 2011
Revenues
$3.1
$8.0
$15.9
$24.3
Operating expenses
$2.7
$5.8
$10.3
$10.1
Mine operating earnings (loss)
($0.4)
$1.2
$4.0
$12.9
EBITDA
($0.5)
($1.2)
$1.6
$13.0
Net earnings (loss)
($1.2)
($2.6)
($1.1)
$7.6
($0.05)
$0.6
$3.3
$10.2
Nil
Nil
Nil
Nil
($0.02)
($0.04)
($0.02)
$0.12
Cash and cash equivalents
$6.7
$10.0
$16.0
$30.8
Working capital
$9.9
$12.7
$21.4
$31.2
(CDN$000’000’s except EPS)
Operating cash flow*
Debt
Earnings (loss) per share – basic
The Company’s working capital and cash position decreased from the year ended December 31, 2012, as the Company continued to invest in
the development of the Capire Mine and Production Centre, as well as continued exploration in the Zacualpan District.
*Before changes in non-cash working capital
16

17. Corporate Summary (TSX-V: IPT)
All prices in Canadian Dollars
As of January 13, 2014
Common shares – Issued & Outstanding
68.1M
Fully Diluted
1-Year Chart Summary
74.8M
Share Price
52wk Range
$0.58
$0.44 - $1.22
90-Day Average Daily Volume
43,584
Market Capitalization
39.5M
Insider and Institutional Ownership
14.9%
Options Issued
Warrants
6.7M
Source: BigCharts.com
Nil
17

18. Plans for Growth
2013
2014
2015
• 30,000 meter exploration drill program (completed)
• Increase average silver mill feed grade (completed: Q1-146 g/t Ag; Q2 – 163 g/t Ag; Q3 – 171 g/t Ag)
• Complete drilling at Mirasol Prospect and determine its potential as next producing mine (completed)
• Continue drilling on the VMS targets in the Capire district
• Advance towards graduation from the TSX-V to the TSX
• Consider the location of an additional production center in the Zacualpan District
• Define the size of the planned expansion at the Capire Processing Centre and to initiate construction the
larger processing plant
18

19. Contact Us
IMPACT Silver Corp.
TSX-V: IPT Frankfurt: IKL
Telephone
1-604-681-0172
Fax
1-604-681-6813
Email
Investor Relations Manager
inquiries@impactsilver.com
Meghan Brush, BBA
Website
www.impactsilver.com
Twitter
@IMPACT_Silver
Corporate Address
Suite1100 - 543 Granville Street
Vancouver, BC, Canada V6C 1X8
19

20. Appendix I: Capire NI 43-101 Resource Estimate
Completed February 2011
Metal Content for Capire Mine
Ag (oz)
Au (oz)
Cu (lb)
Pb (lbs)
Zn (lbs)
Measured
3,529,969
14,146
3,389,275
18,234,678
46,140,820
Indicated
3,694,066
16,300
3,693,733
19,029,800
49,522,173
Measured & Indicated (M&I)
7,224,035
30,446
7,083,007
37,264,478
95,662,993
435,959
1,919
475,594
2,260,089
5,823,490
Inferred
Summary Table of Classified Mineral Resources – Measured & Indicated and Separate Inferred
Zone
Classification
Tonnes
Ag (g/t)
Au (g/t)
Cu (%)
Pb (%)
Zn (%)
Capire
M&I
3,104,944
46.46
0.19
0.06
0.33
0.93
Aurora 1
M&I
1,807,302
44.50
0.199
0.07
0.36
0.80
M&I
4,912,246
45.74
0.193
0.06
0.34
0.88
371,066
36.54
0.161
0.06
0.28
0.71
Total
•
•
Inferred
Drilling in 2010 showed Capire and Aurora 1 to be one continuous zone, now referred to as Capire
See National Instrument 43-101 Resource Estimate on the Company website at www.impactsilver.com
20

21. Appendix II: Capire Drill Highlights
A Selection of Capire Drill Highlights
Drill Hole
From (m)
To
(m)
Interval
(m)
Ag (g/t)
Au (g/t)
Pb
(%)
Zn
(%)
Cu
(%)
C12-06
78.25
80.30
2.05
507
1.81
2.20
4.02
0.41
including
79.30
80.30
1.00
929
3.27
2.77
5.27
0.63
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
and
•
•
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
21

22. Appendix III: Mirasol Drill Highlights
A Selection of Mirasol Drill Highlights
Interval
(m)
Ag (g/t)
Au (g/t)
Pb
(%)
Zn
(%)
Vein Name
Z12-71
Mirasol Central
73.9
82.9
8.98
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 4
111.22
113.36
2.14
119
0.014
0.07
0.18
and
Mirasol Arriba 3
127.25
128.40
1.15
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
1.70
931
0.30
1.03
2.10
Z12-85
Mirasol Arriba 3
114.65
116.00
1.35
792
0.143
0.48
0.16
Z12-86
Mirasol
176.56
177.60
1.04
337
0.023
0.15
0.76
•
•
From (m)
To
(m)
Drill Hole
Discovered in November 2012, located 5.5km from Guadalupe Production Center, in Zacualpan
Several high grade silver values discovered, with drill hole Z12-79 encountering seven distinct veins, all of which are contributing potentially economic silver
intersections. See IMPACT Silver News Releases dated January 28, 2013 and November 26, 2012
22

23. Appendix IV: Cuchara-Oscar Drill Highlights
A Selection of Cuchara-Oscar Drill Highlights
Drill Hole
To (m)
From (m)
Interval (m)
Ag (g/t)
Au (g/t)
Pb (%)
Zn (%)
Z11-46
92.10
97.75
5.65
1,007
0.07
0.50
1.1
including
96.70
97.75
1.05
4,580
0.26
1.70
4.0
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
and
•
See IMPACT Silver News Releases dated October 26, 2011 and April 23, 2012
23

24. Appendix V: Valle de Oro Drill Highlights
A Selection of Carlos Pacheco Drill Highlights
Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (%)
Z08-68
Top of intercept -
85.74
2.90
19.6
68
0.29
including
Top of intercept -
85.74
1.0
49.7
59
0.31
Z12-13
192.30
199.00
6.70
3.84
28
0.54
including
192.30
195.05
2.75
8.47
56
1.12
Z12-23
229.85
230.95
1.10
3.82
84
0.54
A Selection of Intermediate Vein Drill Highlights
Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Pb (%)
Zn (%)
Z12-16
100.00
114.30
14.30
0.04
82
0.09
0.19
including
100.00
106.50
6.50
0.06
119
0.06
0.14
Z12-18
57.00
59.00
2.00
0.20
337
0.23
0.43
Z12-23
26.10
28.10
2.00
0.22
207
0.10
0.15
•
In addition to the gold-copper mineralization in the Carlos Pacheco vein, other drill holes intersected Ag-Pb-Zn mineralization in the Intermediate vein cluster, located midway between the
Carlos Pacheco and Noche Buena veins. See IMPACT Silver News Releases dated December 4, 2008 and July 11, 2012
24

25. Appendix VI: La Condesa Drill Highlights
A Selection of La Condesa Drill Highlights
Drill Hole
To (m)
From (m)
Interval (m)
Ag (g/t)
Au (g/t)
Pb (%)
Zn (%)
Z12-39
167.30
171.00
3.70
312
0.029
0.27
0.90
Z12-42
136.00
139.78
3.78
214
0.269
0.15
0.37
Z12-45
177.90
179.00
1.10
1,655
0.010
0.25
0.08
Z12-46
151.40
154.25
2.85
255
0.111
0.22
0.46
Z12-55
57.80
59.60
1.80
245
0.030
0.12
0.36
Z12-63
106.50
108.85
2.35
231
0.010
0.16
0.26
Z12-64
101.10
105.55
4.45
200
0.035
0.21
0.49
Z12-68
46.40
50.30
3.90
250
0.009
0.07
0.16
•
•
•
La Condesa accessed through the underground workings of the historic Cuchara Mine, which is also used to access the Cuchara-Oscar Mine
Mineralization from La Condesa is planned to augment the production from Cuchara-Oscar
See IMPACT Silver News Release dated November 19, 2012
25

26. Appendix VII: San Juan Project Drill Highlights
A Selection of San Juan Project Area Drill Highlights
Drill Hole
Vein Name
Z13-40
From (m)
To (m)
True Width (m)
Ag (g/t)
Au (g/t)
Pb (%)
Zn (%)
61.70
63.15
1.31
7.9
3.956
0.10
0.19
Z13-42
Carlos Pacheco
119.30
128.60
9.02
21.3
3.894
0.98
3.28
including
Carlos Pacheco
127.65
128.60
0.92
73.3
33.630
4.09
12.02
Z13-43
Carlos Pacheco
92.05
98.95
6.63
152.4
0.412
0.28
0.75
Z13-44
Noche Buena
11.60
14.00
2.07
1,409.8
0.963
0.29
0.34
including
Carlos Pacheco
158.05
162.40
4.03
30.9
4.070
0.18
0.83
Z13-45
Carlos Pacheco
14.60
22.55
7.47
41.64
0.050
0.18
0.25
and
Carlos Pacheco
169.00
173.00
3.78
18.3
9.350
0.04
0.08
•
•
These first phase drill results are from the San Juan Project Area, located in the Valle de Oro subdistrict, adjacent to the producing Noche Buena Mine
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.
26

27. 27