Silver X Mining Corp · TSXV:AGX
Silver X Mining — Investor Presentation (October 2026)
33 slides from Silver X Mining's investor presentation, October 2026
Slide 1: A Growing Silver Producer in Peru
TSX.V: AGX • OTCQX: AGXPF • FRA: AGX • HUANCAVELICA, PERU A GROWING SILVER PRODUCER IN PERU A GROWING SILVER PRODUCER IN PERU Corporate Presentation | October 2026 THROUGHPUT H1 2026 ADJ. EBITDA MEASURED & INDICATED 2029 TARGET 594 → 1,000 TPD $12.9M 10.4 Mt 6+ Moz AgEq 1,000 tpd targeted 4Q26, 33%
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS CAUTIONARY STATEMENTS This presentation has been prepared by Silver X Mining Corp. ("Silver X" or the "Company") for information purposes HISTORICAL DATA AND EXPLORATION TARGETS only. It is in summary form, does not purport to be complete and does not constitute an offer to sel
Slide 3: Producing in One of the Largest Underdeveloped Silver Districts in Peru
PRODUCING IN ONE OF THE LARGEST UNDERDEVELOPED SILVER DISTRICTS IN PERU PRODUCING IN ONE OF THE LARGEST UNDERDEVELOPED SILVER DISTRICTS IN PERU PURPOSE To become a leading silver company by unlocking asset value, driving profitable growth, and delivering responsible, lasting stakeholder value. 3
Slide 4: Building a Premier Silver Company
A GROWING SILVER PRODUCER IN PERU • INVESTMENT THESIS • TSX.V: AGX BUILDING A PREMIER SILVER COMPANY BUILDING A PREMIER SILVER COMPANY Unique value proposition: immediate revenue, scalable growth, and long-term discovery upside — all within a single project. Silver X is trading at Advancing the Nuev
Slide 5: Investment Opportunity: Unlocking a Growing Silver District
GROWTH PATHWAY • 750 TPD TODAY → 1,000 TPD 2H26 → 3,000 TPD / 6+ Moz BY 2029 INVESTMENT OPPORTUNITY: UNLOCKING A GROWING SILVER DISTRICT INVESTMENT OPPORTUNITY: UNLOCKING A GROWING SILVER DISTRICT ▪ Tangana producing at 750 tpd nominal capacity reached March 2026, ramping to 1,000 tpd in 2H26 Increa
Slide 6: The Time for Silver: A Precious & Industrial Metal
THE TIME FOR SILVER A PRECIOUS INDUSTRIAL METAL THE TIME FOR SILVER A PRECIOUS & INDUSTRIAL METAL Structural Deficits: Supply Consistently Fails to Meet Demand ▪ Multi-year physical deficits of ~200 Moz/year, the deepest in decades. ▪ Forecast deficits persist through 2028+ as mine supply stagnates,
Slide 7: Peru: Tier 1 Silver Jurisdiction
PERU: TIER 1 SILVER JURISDICTION PERU: TIER 1 SILVER JURISDICTION The country is one of the biggest producers of base and precious metals and one of Latin America’s fastest-growing economies. 1.3M km2 3rd 33M Area Largest country in People, one of Latin America’s South America fastest-growing econom
Slide 8: Greater Huancavelica — A Multi-Asset Company
DISTRICT GEOGRAPHY • 5 MINES + 3 PROCESSING PLANTS • HUANCAVELICA, PERU GREATER HUANCAVELICA — A MULTI-ASSET COMPANY TSX.V: AGX | OTC: AGXPF | FRA: AGX 8
Slide 9: The Nueva Recuperada Silver & Gold District
THE NUEVA RECUPERADA SILVER GOLD DISTRICT THE NUEVA RECUPERADA SILVER & GOLD DISTRICT Nueva Recuperada: three mining units and two plants. The Plata Mining Unit combines high grade narrow veins with the Blenda Rubia bulk tonnage deposit. Pampas: 40km GROWING RESOURCE WITH OUTSTANDING POTENTIAL ● 20,
Slide 10: Nueva Recuperada Silver & Gold Project
NUEVA RECUPERADA SILVER GOLD PROJECT NUEVA RECUPERADA SILVER & GOLD PROJECT Previous Technical Reports ▪ Sep 2025: PEA updated to 3.9 Mt Measured & Indicated, 15.1 Mt Inferred Significant Potential for Resource Growth & Conversion ▪ Oct 2024: MRE updated to 4.3 Mt Measured & Indicated, 17.2Mt Inferr
Slide 11: 2025 PEA: Tangana + Plata Positioned for 3,000 tpd
2025 PEA: Tangana + Plata Positioned for 3,000 tpd +6M AgEq oz of Annual Production 2025 PEA: Tangana + Plata Positioned for 3,000 tpd & +6M AgEq oz of Annual Production Positive PEA results outline two complementary mining units (TMU & PMU), each with ~1,500 tpd processing capacity. Extended Life o
Slide 12: Tangana
TANGANA
Slide 13: Tangana Mining Unit Snapshot
TANGANA • PRODUCING UNIT • SCALING TO 1,000 TPD IN 2H26 TANGANA MINING UNIT SNAPSHOT IN PRODUCTION TANGANA MINING UNIT SNAPSHOT IN PRODUCTION The Tangana Mining Unit (TMU) commenced commercial production in January 2023, with current production focusing on only 10% of the resource Stage: Producing u
Slide 14: 2026 Focus: Tangana Mining Unit
2026 FOCUS: TANGANA MINING UNIT 2026 FOCUS: TANGANA MINING UNIT The Tangana Mining Unit commenced commercial production in March 2024, with current production focusing on only 10% of the resource 2.5 km Possible new mill Tangana Possible dry-stacked tailings 4,950 m asl West Tangana Main (Production
Slide 15: 2026 Focus: Tangana Mining Unit
TANGANA MINING UNIT 2026 FOCUS: TANGANA MINING UNIT
Slide 16: Silver X 3Q26 Production Highlights
SILVER X 3Q26 PRODUCTION HIGHLIGHTS SILVER X 3Q26 PRODUCTION HIGHLIGHTS For the three months ended September 30, 2026. A quarter dedicated to the 1,000 tpd plant expansion 54,681 t Processed +63% 3Q26 Highlights. Building the capacity for 1,000 tpd 3Q26 YoY Tonnage Processed ■ Plant averaged 594 tpd
Slide 17: Silver X 2Q26 Financial Highlights
SILVER X 2Q26 FINANCIAL HIGHLIGHTS SILVER X 2Q26 FINANCIAL HIGHLIGHTS For the three months ended June 30, 2026 Quarterly Production, Realized Ag Price & AISC — Margin Expansion Highlighted $17.3M Revenue +221% kMT kMT Processed Ag Spot AISC Margin per oz (Ag − AISC) USD/oz 2Q26 YoY Revenue 90 $90 2Q
Slide 18: Plata Mining Unit
PLATA MINING UNIT Path To Transformational Growth Path To Transformational Growth
Slide 19: Plata Mining Unit: Two Engines, Veins and Bulk, One Plant
PLATA MINING UNIT: TWO ENGINESVEINS AND BULK, ONE PLANT PLATA MINING UNIT: TWO ENGINES VEINS AND BULK, ONE PLANT Stage: Development. Two deposits, one plant Metals: Silver, Gold, Lead & Zinc Plant Capacity: 1,500 tpd at Recuperada, permit advancing from 720 tpd Engine 1, Plata veins: 13.0 Moz AgEq I
Slide 20: Plata Mine - A High Grade Mine
PLATA MINE - A HIGH GRADE MINE PLATA MINE - A HIGH GRADE MINE Extensive Vein System ▪ 3,829 hectares with 17 surface-exposed mineralized veins ▪ Veins range from 0.6 to 1.0 meters wide, connected to the Chonta and Huachocolpa- Huancavelica major fault systems Resources ($60 Cutoff)2 ▪ 0.99 Mt indica
Slide 21: Exploration
EXPLORATION High-Grade Gold-Silver Assets in Huancavelica High-Grade Gold-Silver Assets in Huancavelica
Slide 22: Pampas Project
PAMPAS PROJECT HIGH-GRADE GOLD-SILVER ACQUISITION · ACQUIRED MARCH 2026 · 100% INTEREST PAMPAS PROJECT HIGH-GRADE GOLD-SILVER ACQUISITION · ACQUIRED MARCH 2026 · 100% INTEREST 7,712.5 hectares 85.9 g/t Au peak 1,065 g/t Ag peak 36 mapped veins ~40 km from Recuperada district-scale land package histo
Slide 23: Red Silver: The Highest Silver Grade in the District
RED SILVER: THE HIGHEST SILVER GRADE IN THE DISTRICT RED SILVER: THE HIGHEST SILVER GRADE IN THE DISTRICT 10.4 Moz Ag M&I at 623 g/t · 53.2 Moz Ag INFERRED at 532 g/t · BULK SAMPLING 2027 BONANZA GRADES CONFIRMED ● Channel sampling: 735 g/t Ag over 65m and 649 g/t Ag over 40m (July 2026). ● Recent s
Slide 24: Outstanding Gold Targets: Victoria & Ccasahuasi
OUTSTANDING GOLD TARGETS: VICTORIA CCASAHUASI OUTSTANDING GOLD TARGETS: VICTORIA & CCASAHUASI Au (ppm) Terraspec Zoning 0.005 – 0.01 K Alunite Aln-Pyr-Dk 0.01 – 0.05 K Illite Kaolinite 0.05 – 0.10 Kaolinite 0.10 – 0.50 Montmorillonite 0.50 – 1.00 Silica Cross Section > 1.00 Mg Chlorite TSX.V: AGX |
Slide 25: Building a Legacy in Huancavelica
BUILDING A LEGACY IN HUANCAVELICA BUILDING A LEGACY IN HUANCAVELICA BUILDING A LEGACY IN HUANCAVELICA $ 2,800,000 99% in purchase of goods and of water is recirculated in our underground operations services from local suppliers 1,379,629 100% compliance with environmental requirements silver equival
Slide 26: Near Term Catalysts
NEAR TERM CATALYSTS NEAR TERM CATALYSTS Production Focus Permits PEA 2025 Exploration ● Reach 1,000 tpd in ● Tangana EIA at 1,500 ● Published Sep. 4, 2025. ● Commenced 40,000m drill 4Q26, 33% above the tpd expected 2H27 Updated PEA targeted campaign at Nueva previous nameplate 1H27 Recuperada in 4Q2
Slide 27: Experienced Team with a Proven Track Record
EXPERIENCED TEAM WITH A PROVEN TRACK RECORD MANAGEMENT BOARD OF DIRECTORS José M. García | CEO & Director Darryl Cardey | Independent Director, C.A Co-founder of predecessor company, Latitude Silver. More than Principal at CDM Capital. Co-founded Northern Empire Resources (acquired by Coeur) 20 year
Slide 28: Capital Structure
CAPITAL STRUCTURE CAPITAL STRUCTURE 15% insider ownership with strong institutional support Major Shareholders SHARE STRUCTURE As of June 30, 2026 9% Institutional Market Capitalization $280M 6% Management Shares Outstanding 287M Warrants1 46.7M Options2 5.2M RSU’s 0.5M Fully Diluted 339.0M 85% Reta
Slide 29: Appendix
APPENDIX TSX.V: AGX | OTC: AGXPF | FRA: AGX
Slide 30: One of Peru's Most Prolific Silver Districts
ONE OF PERU’S MOST PROLIFIC SILVER DISTRICTS ONE OF PERU’S MOST PROLIFIC SILVER DISTRICTS The Nueva Recuperada Property surrounds Endeavour Silver’s Minera Kolpa Project valued up to US$175M Kolpa’s projects, including Kolpa’s primary operating area, sits between Silver X’s Tangana and Plata mining
Slide 31: Silver High Grade Opportunities 2026
SILVER HIGH GRADE OPPORTUNITIES 2026 SILVER HIGH GRADE OPPORTUNITIES 2026 Tangana West WEST TANGANA MAIN VEIN Systematic Channel Samples up to 302 Oz/T Ag, 5% Cu, 4%Pb, 3%Zn TANGANA SIGMOID VEIN Systematic Channel Samples TANGANA SIGMOID VEIN up to 2,748 g/T Au, 28 Oz/T Ag RED SILVER RESOURCE Bonanz
Slide 32: The Time for Silver – A Precious & Industrial Metal
THE TIME FOR SILVER – A PRECIOUS INDUSTRIAL METAL THE TIME FOR SILVER – A PRECIOUS & INDUSTRIAL METAL Demand Expected to Exceed Supply for Several Years Silver Market Total Supply and Demand (Moz Ag) Silver Market Balance (Moz Ag) Source: Metals Focus Report via Pan American Silver TSX.V: AGX | OTC:
Slide 33: Contact Us
CONTACT US CONTACT US Jose Garcia | CEO [email protected] Investor Relations & Media [email protected] Lima Office Avenida Santo Toribio 115 Oficina 502B San Isidro, Lima, 15073 Peru Vancouver Office 620– 1111 Melville St, Vancouver, BC V6E 3V6 Canada www.silverxmining.com @Silver_X_Mini
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