2. Except for historical information, this presentation may contain certain “forward-looking” statements and information relating to
IMPACT that are based on the beliefs of IMPACT management, as well as assumptions made by and information currently available
to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including
but not limited to, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and
economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision,
seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any
underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not
assume the obligation to update any forward-looking statement.
The factors that could cause actual results to differ materially include, but are not limited to, the following: general economic
conditions; changes in financial markets; the impact of exchange rates; political conditions and developments in countries in which
the Company operates; changes in the supply, demand and pricing of the metal commodities which the Company mines or hopes
to find and successfully mine; changes in regulatory requirements impacting the Company’s operations; the ability to properly and efficiently staff the Company’s
operations; the sufficiency of current working capital and the estimated cost and availability of funding
for the continued exploration and development of the Company’s exploration properties.
This list is not exhaustive and these and other factors should be considered carefully, and readers should not place undue reliance
on the Company’s forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of
activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking
statements.
NI43-101 QUALIFIED PERSON
George Gorzynski, P. Eng., Vice President, Exploration and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the
technical information in this presentation.
Cautionary Statement
2
3. GROWING
ASSETS
CONTINUOUS
EXPLORATION
PRUDENT
MANAGEMENT
IMPACT Silver is a junior silver producer with low cost operations and a growing
portfolio of silver mines in south-central Mexico.
A cornerstone of IMPACT’s success is systematic exploration leading to rapid mine
development to increase mill throughput and generate near-term cash flow.
Focused on creating value by growth primarily through earnings, in the pursuit of building
a multimillion ounce precious metals 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; 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. • 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
Property Location in Mexico
6. • The Royal Mines of Zacualpan is one of the oldest
mining districts in the Americas, with nearly 500
years of recorded mining history.
• IMPACT’s 623 km² land package consists of two
large mineral districts and one subdistrict: The
Zacualpan District and the Capire-Mamatla
District, and the Valle de Oro subdistrict.
• IMPACT’s exploration work has catalogued over
3,500 old mine and mill workings, forming an
invaluable basis for modern and effective
exploration.
Prolific Mining History
6
Zacualpan District
Capire District
Valle de Oro
subdistrict
Early stage
exploration area
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
Over 3,000 old mine
workings and
prospects catalogued
in IMPACT’s ArcGIS
database
RESEARCH
Compile old mines
and prospects from
historic maps
FIELD WORK
Geological mapping,
surface and
underground rock
sampling
Select and prioritize
favorable areas and
prospects and design
the drill program
DRILLING
Drill program will
be results-driven and
implemented in
phases
Current targets:
• Capire (south)
• Mirasol
• La Condesa
• Santa Efigenia
• San Juan
MINE
DEVELOPMENT
Mine design, planning,
permitting and
construction
PRODUCTION
&
CASH FLOW
Pilot operations at
Capire Plant with plans
to expand to larger
scale production in the
future
• San Ramon
• Noche Buena
• Cuchara-Oscar
• Capire
8
9. Guadalupe Production
Centre
Zacualpan District
500 TPD
Flotation circuit
Operating near
capacity
Mill feed from
San Ramon, Noche
Buena & Cuchara-Oscar
Mines
(underground)
Capire Production
Centre
Capire-Mamatla District
200 TPD
Pilot plant with
expansion plans
Mill feed from
Capire Mine
(open-pit)
9
Guadalupe Production
Centre
Zacualpan District
500 TPD
Flotation circuit
operating near capacity
Mill feed from
San Ramon, Noche Buena &
Cuchara-Oscar Mines
(epithermal, underground)
Capire Production Centre
Capire-Mamatla District
200 TPD
Pilot plant operation with
expansion plans
Mill feed from
Capire Mine
(VMS, open-pit)
Two Production Centres
10. 10
Guadalupe Production Centre
• Guadalupe Production Centre (500 tpd) • Flotation circuit produces silver-lead and zinc-silver
concentrates
11. 11
Capire Mine and Production Centre
• Capire Mine (VMS, open-pit)• Capire Production Centre (200 tpd pilot plant)
12. San Ramon
Began production in 2008
Epithermal veins
Current primary producing
mine in the Zacualpan
District
Contribution of total
production in Q3 2013: 41%
Noche Buena
Began production in 2010
Epithermal veins in Valle de
Oro subdistrict located in the
Zacualpan District
Contribution of total
production in Q3 2013: 32%
Cuchara-Oscar
Corridor of wide, high-grade
epithermal veins linking
legacy mines within the
Cuchara Mine Complex in
the Zacualpan District
Contribution of total
production in Q3 2013: 27%
Capire
Volcanogenic sulfide
deposit with high-grade
polymetallic mineralization
in the Capire-Mamatla
District
Contribution of total
production in Q3 2013: 0%
(In commissioning phase)
Four Producing Silver Mines
12
13. Geology of Epithermal Vein Systems
Silver-rich at top of vein
200 – 1,000+ g/t Ag
Lead and Zinc-rich at
bottom of vein
60 – 150 g/t Ag
Gold-copper at depths
of 300 m+
Metal Zoning in Ore 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
13
Noche Buena Mine
San Ramon Mine
Valle de Oro subdistrict
Exploration property, includes Carlos Pacheco
gold-copper zone and San Juan Project
Cuchara-Oscar Mine
14. Exploration Targets
Zacualpan District
• Mirasol
• La Condesa
• Santa Efigenia
Capire-Mamatla District
• Manto Rico
• Guadalupe
• Aurora II
Valle de Oro Subdistrict
• Carlos Pacheco
• San Juan Project
• Huatescosco
Dominican Republic
• Early stage exploration on legacy
claims
623 km²
land package*
* Does not include the Dominican Republic claims
• An abundance of attractive exploration targets across Zacualpan and Capire districts to drive organic growth and
potentially advance into mine development and production.
14
Above: Statue of miner in Zacualpan’s town square, Mexico
15. Production Summary
Production Highlights Q4 2013 YE 2013 Change YE 2012
Silver production (oz) 153,512 682,526 +10% 620,515
Gold production (oz) 337 1269 +102% 629
Average mill head grade (silver
grams per tonne)
151 158 +14% 138
Total tonnes produced (t) 36,655 159,270 -6% 168,826
Tonnes produced per day 398 436 -6% 463
Revenue per production tonne
sold
$75 $84 -10% $94
Direct costs per production
tonne
$70 $68 +9% $62
15
Silver-Focused Producer
69.86%
4.79%
4.05% 7.73%
Metal Production Profile
Silver production (oz)
Lead production (t)
Zinc production (t)
Gold production (oz)
16. (CDN$000’000’s except EPS) YE 2013 YE 2012 YE 2011
Revenues $14.1 $15.9 $24.3
Operating expenses 11.3 $10.3 $10.1
Mine operating earnings (loss) $0.5 $4.0 $12.9
EBITDA ($4.6) $1.6 $13.0
Net earnings (loss) ($8.5) ($1.1) $7.6
Operating cash flow* $0.6 $3.3 $10.2
Debt Nil Nil Nil
Earnings (loss) per share – basic ($0.13) ($0.02) $0.12
Cash and cash equivalents $3.5 $16.0 $30.8
Working capital $6.9 $21.4 $31.2
16
*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 continued to invest in
the development of the Capire Mine and Production Centre, as well as continued exploration in the Zacualpan District.
17. All prices in Canadian Dollars As of April 5, 2014
Common shares – Issued & Outstanding 68.1 M
Fully Diluted 74.8 M
Share Price $0.66
52wk Range $0.44 - $1.17
90-Day Average Daily Volume 72,963 Shares
Market Capitalization 45.0M
Insider and Institutional Ownership 14.9%
Options Issued 6.7 M
Warrants Nil
Corporate Summary (TSX-V: IPT)
17
Source: BigCharts.com
1-Year Chart Summary
18. 2013
• 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)
2014
• Continue drilling on the VMS targets in the Capire district
• Advance towards graduation from the TSX-V to the TSX
2015
• 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
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 NI 43-101 Resource Estimate
Completed February 2011
Metal Content for Capire Mine Ag (oz) Au (oz) Cu (lb) Pb (lbs) Zn (lbs)
Measured 3,529,969 14,146 3,389,275 18,234,678 46,140,820
Indicated 3,694,066 16,300 3,693,733 19,029,800 49,522,173
Measured & Indicated (M&I) 7,224,035 30,446 7,083,007 37,264,478 95,662,993
Inferred 435,959 1,919 475,594 2,260,089 5,823,490
Summary Table of Classified Mineral Resources – Measured & Indicated and Separate Inferred
Zone Classification Tonnes Ag (g/t) Au (g/t) Cu (%) Pb (%) Zn (%)
Capire M&I 3,104,944 46.46 0.19 0.06 0.33 0.93
Aurora 1 M&I 1,807,302 44.50 0.199 0.07 0.36 0.80
Total
M&I 4,912,246 45.74 0.193 0.06 0.34 0.88
Inferred 371,066 36.54 0.161 0.06 0.28 0.71
• Drilling in 2010 showed Capire and Aurora 1 to be one continuous zone, now referred to as Capire
• See National Instrument 43-101 Resource Estimate on the Company website at www.impactsilver.com
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
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
21
22. Appendix III: Mirasol Drill Highlights
A Selection of Mirasol Drill Highlights
Drill Hole Vein Name From (m)
To
(m)
Interval
(m)
Ag (g/t) Au (g/t)
Pb
(%)
Zn
(%)
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
• 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
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
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 From (m) To (m) True Width (m) Ag (g/t) Au (g/t) Pb (%) Zn (%)
Z13-40 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
