THE RANGER-PAGE PROJECT

LOCATED IN THE PROLIFIC SILVER VALLEY, IDAHO A BROWNFIELDS EXPLORATION OPPORTUNITY

TSX.V | SILV SILVERVALLEYMETALS.COM

INVESTOR PRESENTATION QTSX.V3 2021 | SILV FORWARD LOOKING STATEMENTS

Certain statements in this presentation are forward-looking and involve a number of risks and uncertainties. Such forward looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this presentation includes, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine Complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.

Qualified Person

Timothy Mosey, B.Sc., M.Sc., SME is a Qualified Person as defined by NI 43-101 and has reviewed and approved the technical data and information contained in this presentation.

TSX.V | SILV 2 ABOUT US Silver Valley Metals Corp. (the "Company") (TSXV:SILV) is a brownfields exploration company focused on its flagship Ranger-Page Project ("the Project") located in the prolific Silver Valley of Idaho, 60 kilometres east of Coeur d'Alene and 1 kilometre from the I-90 freeway. Idaho was ranked the 9th best mining jurisdiction in the world (Fraser Institute 2020 Annual Mining Survey). The Project is strategically located bordering two large mines, Bunker Hill to the east and Page to the west. Five historic mines are on the Project with underground mining data and surface geological data supporting high grade silver- zinc-lead mineralization present within the shallow, undeveloped mines. These mines remain open at depth, and laterally along strike, with no modern systematic exploration applied to the Project.

The Company also has a 100%-owned interest in a lithium and potassium bearing salar complex comprising 4,059 hectares on three mineral concessions (the “Mexican Projects”) located on the Central Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico. The inferred resource contains 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE) and remains open in all directions for expansion. The Company is led by an experienced group of mining, financing, and exploration specialists.

TSX.V | SILV 3 IDAHO: A TOP TIER JURISDICTION GLOBALLY RANKED 9TH IN THE WORLD IN 2020

The Coeur d’Alene District in Northern Idaho has produced more silver than any other district in the US and is among the top silver mining districts globally (>1.2Bn oz of silver since 1885).

1ST 5TH 9TH 18TH

RANKED MINING JURISDICTION RANKED STATE IN THE RANKED MINING JURISDICTION RANKED MINING JURISDICTION GLOBALLY FOR POLICY USA FOR INVESTMENT GLOBALLY FOR INVESTMENT FOR BEST PRACTICES MINERAL PERCEPTION INDEX ATTRACTIVENESS ATTRACTIVENESS POTENTIAL

US$1.8Bn US$623M 15,283 1.2Bn

TOTAL CONTRIBUTION TOTAL PAYROLL OF DIRECT & INDIRECT JOBS OUNCES OF HISTORIC TO GDP FROM MINING IDAHO MINING GENERATED BY THE MINING SILVER PRODUCTION INDUSTRY IN IDAHO COMPANIES INDUSTRY IN IDAHO FROM THE SILVER VALLEY

TSX.V | SILV 4 Source: 2020 Fraser Institute Annual Mining Survey, Idaho Geological Survey, Idaho Mining Association. SNAPSHOT: SILVER VALLEY METALS

5,800 ft 3,400 ft 200 ft DEPTH OF BUNKER HILL DEPTH OF PAGE MINE MINING DEPTH 4 OF MINE BORDERING BORDERING PROJECT TO 5 HISTORIC MINES PROJECT TO THE WEST THE EAST ON THE PROPERTY

9TH 1.2 Bn 1.6 km RANKED MINING OUNCES OF HISTORIC EAST-WEST STRIKE JURISDICTION DISTRICT SILVER LENGTH POTENTIAL AT GLOBALLY IN 2020 (1) PRODUCTION THE PROJECT

60 km 1 km 10 km FROM THE FROM FROM ONE OPERATING TOWN OF INTERSTATE FLOTATION MILL AVAILABLE COEUR D’ALENE HIGHWAY 90 TO PURCHASE/LEASE

TSX.V | SILV 5 (1) Source: 2020 Fraser Institute Annual Mining Survey. INVESTOR HIGHLIGHTS EXCITING BROWNFIELDS EXPLORATION PROJECT IN A TIER 1 JURISDICTION

Patented Lode Claims – Ownership of both surface and mineral rights; no Federal permitting required; permitting with the State of Idaho is efficient; no pre-existing royalties Top Tier Mining Jurisdiction - Focused on The Silver Valley within the Coeur d’Alene Mining District in Idaho, a prolific mining jurisdiction ranked 9th in the world (1) Bordering Two Major Mines - The Bunker Hill Mine and the Page Mine border the Project on the east and west boundaries and historically mined into the Ranger-Page Project area. Mined to depths of 5,800 feet and 3,400 feet below elevation, respectively Historical Production - 5 historic mines; 4 of 5 historic mines on the Ranger-Page Project explored and mined to ~200 feet below surface. The 5th historic mine, the Blackhawk Mine, mined to ~1,200 feet below surface Secondary Source of Ore Feed - The Blackhawk Mine was a secondary source for ore grade mill feed to the Page Mine for 21 years. Blackhawk ceased being a lease mine to ASARCO’s Page Mine in the mid-1900’s Exploration Potential at Depth and Along Strike – The east-west striking veins at the Project have been partially explored with evidence that there is continuation throughout the Project area. Strong evidence that mineralization continues from where historical underground mining operations ceased Established and Nearby Infrastructure – 1 km from Interstate 90 Highway and 1.2 km from mining town of Smelterville, Idaho. Access to a well-trained exploration and underground mining workforce Mill Nearby - One operating flotation mill available to purchase or lease (within 10 km) and a 4-hour drive to the smelter in Trail, BC Experienced Board and Management – Operations team in Idaho with deep roots into the area

TSX.V | SILV 6

(1) Ranking under investment attractiveness as per 2020 Fraser Institute Annual Mining Survey. BOARD OF DIRECTORS

BRANDON ROOK, B.Sc, BA TIMOTHY MOSEY, B.Sc, M.Sc President & CEO, Director Director

Mr. Rook has over 25 years of diversified business experience working as a Mr. Mosey has 30 years of experience in the mining industry, most recently in the geologist, advisor to numerous publicly listed companies as well as a CEO, private equity investment space at Resource Capital Funds (RCF) and Traxys. As the President, and Director of several TSX-V listed companies. Currently he is a managing director of the Traxys projects investment fund, Mr. Mosey was directly director of four public companies. Mr. Rook has been responsible in raising responsible for the investment and management of projects around the globe. In a over $100 million to date. As a geologist and executive, he has worked with career focused on technical due diligence and project finance, Mr. Mosey has and led teams that have had significant discoveries in gold, copper, oil, natural reviewed projects from around the world, travelled extensively to more than 60 gas, and diamonds. countries on six continents and has gained experience across the commodity spectrum, from precious, base and minor metals to ferro alloys, rare earths, industrial minerals, coal and uranium. Mr. Mosey holds a Bachelor of Science degree in geological engineering from South Dakota School of Mines and a Master of Science degree in mining engineering from the Colorado School of Mines.

CLIVE MASSEY DARRELL PODOWSKI, LLB, B.Sc Director Director

Mr. Massey is President, CEO & Director of Universal Copper. Mr. Massey has Mr. Podowski has over 28 years of international experience in the mining industry held directorships and senior management positions with numerous TSX and is highly regarded as one of the top mining lawyers globally. Darrell was Venture Exchange listed companies. Over the last 30 years he has been previously in-house corporate counsel to Teck Resources Limited, and is currently responsible for the raising of tens of millions in equity for those companies. one of the key M&A lawyers for Antofagasta Minerals SA and Freeport-McMoRan Inc. He was previously CEO of Redhill Resources, Windfire Capital, Aldever for each of their respective worldwide project acquisitions and exploration projects. Resources, Prescient Mining and Universal Uranium. He has also acted in an He currently is a partner with the national law firm Cassels Brock & Blackwell LLP, Investor Relations and or Corporate Finance capacity for Lumina Copper, and previous to that, he was a lawyer at a number of other major law firms, including Pacific Rim Mining, Marifil Mines, Sumo Minerals, Greystar Resources and the one off-shore. Darrell has acted for numerous junior, mid level and senior mining North Air Group of Companies. companies during his legal career. Prior to his legal career, he was an oil and gas exploration geophysicist with Amoco Canada Petroleum Company. TSX.V | SILV 7 MANAGEMENT

BRANDON ROOK, B.Sc, BA DONG SHIM, CPA, CA, CPA (ILLINOIS) President & CEO, Director Chief Financial Officer

Mr. Rook has over 25 years of diversified business experience working as a Mr. Shim has led a successful accounting and finance career in both the US and geologist, advisor to numerous publicly listed companies as well as a CEO, Canada. He brings a wealth of knowledge to the team with his expertise in auditing President, and Director of several TSX-V listed companies. Currently he is a publicly- traded junior mining companies and high-tech industries. He is a member director of four public companies. Mr. Rook has been responsible in raising of the Chartered Professional Accountants of British Columbia and a Certified Public over $100 million to date. As a geologist and executive, he has worked with Accountant registered in the State of Illinois, United States. He is also an audit and led teams that have had significant discoveries in gold, copper, oil, natural partner on numerous audit engagements for various publicly traded companies. Mr. gas, and diamonds. Shim also assisted various start-up companies in achieving public listings on the TSX Venture Exchange, Canadian Securities Exchange and the OTC Market.

CARSON SEDUN, MBA GUY SANDE Corporate Development General Manager, Silver Valley

Mr. Sedun has 10 years of capital markets and mining industry experience, Mr. Sande is a mining professional with over 35 years experience in exploration, including 4 years in investment banking and capital markets roles at development, mine planning and operations. Prior to taking root in the Coeur d’Alene Canaccord Genuity and Dundee Capital Markets, successfully completing 35 District of Idaho, he brought the Soledad Mountain Project in Mojave, California from transactions in equity financings and mergers & acquisitions totaling $1.5 exploration in 1996 to final feasibility in 2000. Following that, he has spent the past 21 billion in value. Mr. Sedun holds a Master of Business Administration degree years working and residing in the Silver Valley, Idaho. Mr. Sande has had senior level (Dean’s List, Honours with Distinction) from the Schulich School of Business positions for several of the most prominent mines in the Silver Valley in several at York University in Toronto, where he was part of the world’s first mining- different roles including Chief Engineer, Technical Services Director, Lands Manager, focused MBA program. He also holds a Bachelor of Commerce degree from Mine Surveyor and Bankruptcy Director for the following companies: Coeur d’Alene McGill University and a graduate certificate from the Norman Keevil Institute Mines, U.S. Silver at the Galena Mine; Sterling Mining Company and Silver of Mining Engineering at the University of British Columbia. Opportunity Partners at the Sunshine Mine. Mr. Sande is an alumnus of the Montana College of Mineral Science and Technology as well as a past Chair of the Coeur d’Alene Section of SME and an active committee member of the Coeur d’Alene District Mining Contest for over 20 years. TSX.V | SILV 8 ABOUT THE SILVER VALLEY PROLIFIC MINING JURISDICTION WITH 5 HISTORIC MINES ON THE RANGER-PAGE PROJECT

The Coeur d’Alene Silver District has produced over 1.2 billion ounces of silver since the 1880s. The Silver Valley within the Coeur d’Alene Silver District is an active underground mining district with numerous notable silver, zinc, lead mines. The Silver Valley was the second largest producer of silver in the world (behind Potosi in Bolivia). Numerous other silver, zinc, lead mines produced at >2,000 feet below surface include the following mines located along the Osburn Fault to the east of the Ranger-Page (ordered from west to east); all these mines are located within a 15 km long east-west corridor:

1. Page Mine - owned by ASARCO – mined to 3,400 feet and remains open at depth 2. Ranger-Page Project – owned by Silver Valley Metals 3. Bunker Hill Mine - owned by Bunker Hill Mining – mined to 5,800 feet and remains open at depth, is actively pursuing a re-start of operations 4. Crescent Mine – owned privately - mined to over 4,000 feet and remains open at depth, and currently View from Ranger-Page property facing NW (with town of Smelterville on the right) evaluating a re-start of operations 5. Sunshine Mine - owned by Silver Opportunity Funds - mined to over 6,000 feet and remains open at depth, and currently evaluating a re-start of operations 6. Coeur Mine - owned by 60-40% JV with Americas Gold and Silver, and Eric Sprott, respectively. Mined to 3900 level 7. Galena Complex – owned by 60-40% JV with Americas Gold and Silver, and Eric Sprott, respectively. Current depth to 5500 level and #3 shaft (abandoned) to 5800 feet 8. Star-Morning Mine – owned by Hecla - mined to 8000 level and PEA completed 9. Lucky Friday Mine – owned by Hecla – #4 shaft sunk to 8800 level. One of the deepest silver, zinc, lead mines in North America View of Government Gulch Valley with historic zinc plant in foreground

TSX.V | SILV 9 Source: Publicly available information, Mining Data Solutions. Note: List in order from east to west. THE SILVER VALLEY PROLIFIC MINING JURISDICTION WITH 5 HISTORIC MINES ON THE RANGER-PAGE PROJECT

TOWN/CITY MINE PROCESSING PLANT SMELTERVILLE 0 1 2 3 4 km KELLOGG 0 1 2 mi

HECLA (WEST SHAFT) OSBURN BUNKER HILL SUNSHINE BURKE STAR-MORNING (EAST SHAFT) RANGER-PAGE PAGE COEUR GOLD HUNTER CRESCENT SILVER SUMMIT GALENA WALLACE LUCKY FRIDAY

TSX.V | SILV 10 DEEP UNDERGROUND MINING POTENTIAL OTHER OPERATING OR FORMERLY OPERATING MINES IN THE SILVER VALLEY MINED DOWN TO SIGNIFICANT DEPTHS BELOW SURFACE

West East

0

-1200 (2,000)

-3400 (4,000) -3900 ???

-5500 (6,000) -5800 -6000 -6100

(8,000) -7500 -8000

Maximum Maximum Mining Depth (ft Below Surface) -8800

(10,000) Page Ranger-Page Bunker Hill Sunshine Coeur Galena Star-Morning Hecla Gold Hunter Lucky Friday

TSX.V | SILV Note: Mines ordered by geography, starting from left (west) to right (east). 11 Source: Based on historical data or public disclosure. COEUR D’ALENE DISTRICT PRODUCTION 1.2 BILLION+ OUNCES OF SILVER PRODUCED SINCE 1880’S

400 Bunker Hill Mine - Bordering Ranger-Page to the east. Commenced production in 1891 359 with total production of ~165m oz Ag (~15% of the Coeur d’Alene’s total district production of 1.2bn oz Ag) and >5Mt of base metals from 35Mt of ore, becoming one of the largest producers in the Silver Valley since 1886 300 Galena Complex – Currently in mine rehabilitation and exploration and development by Americas Gold & Silver (TSX/NYSE-A:USAS). The Galena Complex is located on private land with no federal permits required. Current depth to 5500 level

196 200 170 162

100 73

Historic Total Silver Production (million oz Ag)oz (million TotalProduction Silver Historic 41 41

0

Hecla

Coeur

Galena

Sunshine

Bunker Hill Bunker Lucky Friday Lucky TSX.V | SILV Star-Morning 12 Source: Public disclosure, Americas Gold & Silver. Note: Production as at December 31, 2019. RECENT ACTIVITY IN THE SILVER VALLEY, IDAHO 3 NOTABLE MINES LOCATED WITHIN 10KM OF THE RANGER-PAGE PROJECT

LUCKY FRIDAY MINE BUNKER HILL MINE GALENA COMPLEX

- One of the deepest silver mines in North America - Restarting underground Bunker Hill Mine - Currently in the restart process - Commenced production in 1942. Achieved full - Produced 165M oz Ag, 5Mt base metals from 1885 to - Located on private land with no permits production in Q4-20 (2020A cash costs of 1981, accounting for ~15% of >1.2bn oz Ag from Coeur required US$9.34/oz) d’Alene District) - Galena Complex JV signed in October 2019 - Production tripled over last year and expected to be - Appointed new ex-Barrick Management and Board with Eric Sprott - $20 million for 40% interest 75% more in 2021E at 3.43-3.8M oz Ag at a cash cost (including new Chairman, CEO, CFO) - 39,000m of drilling planned with 3 drills

(1) of US$7.75-9.75/oz Ag . Targeting 5M oz Ag by - PEA Results: US$101M after-tax NPV5%, 46% after-tax - Currently in mine rehabilitation and 2023E, 2.5x 2020 production IRR, US$42M capex over 15 months, 10 yr. mine life, development. Drift repair and rail installation - Reserves: 77.0M oz Ag (17 years left), M&I Resource: AISC: US$0.65/lb Zn(2) on 4300 and 5500 levels complete 86.4M oz Ag, Inferred Resource: 25.4M oz Ag(2) - Released maiden resource in 2020, digitized - M&I Resource: 37.3M oz Ag; Inferred - At 8,800 feet deep, the #4 Shaft is providing access to geological data, reduced purchase price and Resource: 78.5M oz Ag(1). Updated resource the highest-grade ore in the mine’s 75-year history upgraded resource expected in June 2021 and should extend mine life for 20-30 more years

Source: Public disclosure, SEDAR, S&P Global Market Intelligence. (1) After by-product credits. (2) At spot metal prices of US$1.29/lb Zn, US$0.92/lb Pb, and TSX.V | SILV US$26.00/oz Ag, yields US$166M NPV5% (AT) and 73% IRR (AT). 13 (3) As at December 31, 2020. (4) As at June 30, 2020. Based on 100% interest. THE MINES - PRODUCTION SUMMARY

TOTAL DEPTH OF TONS SILVER ZINC TOTAL ZINC LEAD TOTAL LEAD COPPER AG EQ AG EQ MINE OUNCES MINE MINED GRADE GRADE (LBS) GRADE (LBS) (LBS) GRADE OUNCES SILVER

* BUNKER HILL 5,800 feet 38,483,673 96 g/t 156,500,000 2.9% 2,239,024,888 6.69% 5,152,156,627 19,050,550 393 g/t 441,114,347

*PAGE 3,400 feet 4,307,355 96 g/t 14,609,180 6.3% 543,559,226 6.31% 541,567,870 2,724,286 469 g/t 58,862,230

*CROWN POINT 200 feet 63,098 301 g/t 669,691 ------10.14% 12,797,717 --- 605 g/t 1,112,689

*BLACKHAWK 1,200 feet 214,126 100 g/t 756,323 2.2% 9,419,415 8.1% 34,707,194 130,391 386 g/t 2,412,528

RANGER MINE Near Surface Unknown ------

WYOMING MINE Near Surface 2,774 ------

CURLEW MINE Near Surface Unknown ------

Production Summary of Mines on and bordering the Ranger-Page Project. Ranger–Page mines are in red. Source: Data from the US Bureau of Mines (USBM) Western Field Operations Centre, Spokane, Washington. TSX.V | SILV AgEq assumptions: Silver price of US$26.00/oz Ag, Zinc price of US$1.20/lb Zn, Lead price of US$0.90/lb Pb 14 and Copper price of US$4.00/lb Cu. Conversion factors: 1 st = 0.9072 mt. 1 tr oz = 31.1035 g. PROJECT HISTORY

The Ranger-Page Project was never consolidated within one company early on and was owned periodically by up to five different groups, thereby limiting mining capabilities because of disjointed small scale mining operations.

Despite being located between two prolific past producing mines, the Ranger-Page Project has remained unavailable for exploration and development over the past 80 years due to claim boundary issues between Bunker Hill Mining and ASARCO, as well as the subsequent transfer of the property to the EPA and the closure of the area for mining in the late 1970’s.

TSX.V | SILV 15 HISTORY OF THE RANGER-PAGE PROJECT AREA

HISTORICAL CROWN POINT MINE ASARCO BLACKHAWK SILVER VALLEY (1880S) (1886-1940) (1916-2009) EXPLORATION LLC METALS (2014) (2021-PRESENT) Mining began in the 1880’s in the area adjoining the Ranger- Page (formerly known as In 2009, ASARCO Pursuant to the completion of the Enters into option Government Gulch) Limited production by deeded the Ranger- Super Fund Cleanup executed by agreement with Project area. Coeur ASARCO on the Page Project to the the EPA in the Silver Valley, Blackhawk RANGER-PAGE d’Alene District (incl. the Crown Point mine on eastern ¼ of the EPA as part of its Blackhawk Exploration LLC Exploration LLC PROJECT Silver Valley) was the the Ranger-Page Ranger-Page Property, settlement with the purchased the Project from the to acquire 100% Enters into second largest producer property was mined by which occurred on the EPA for the Silver EPA - established trust free and interest in the binding of silver in the world, different groups Curlew Vein at the Valley Superfund clear of any and all environmental Ranger-Page definitive following Potosi in Bolivia through this time period Blackhawk Mine Cleanup liabilities Project agreement

1880’S 1886-1940 1916-1944 2009 2014 Q1 2021 Q3 2021

1885 1891 1927-1969 1981 2017 2020 Original Production at Bunker Hill ASARCO’s Page Mine, Bunker Hill Mine shut Option negotiated to Bunker Hill Mining discovery by Mine commences in 1891. located west and down in 1981. Became purchase Bunker Hill (CSE:BNKR) hires new Noah Kellogg Total production of contiguous to the a Superfund site in Mine. Consent management team & in 1885 ~165M ounces of silver Ranger-Page Project. 1983. Limited decree in 2017 board, releases PEA BUNKER HILL & and 5Mt base metals. Estimated 15M ounces of production 1982-1991. limiting historical and upgrades NI 43- PAGE MINES One of the largest silver production and Site Cleanup in 2016 reclamation liabilities 101 resource (ADJACENT TO producers in the Silver over 1 billion pounds of Valley since 1886 EAST AND WEST) base metals produced CARE & HISTORICAL BUNKER HILL MINE SUPERFUND MAINTENANCE BUNKER HILL MINING (1887-1981) (1981-2016) (2016-2020) (2020-PRESENT)

TSX.V | SILV 16 LOCATION AND INFRASTRUCTURE 1KM SOUTH OF HIGHWAY, CLOSE TO INFRASTRUCTURE

• Situated ~94 km east of Spokane, Washington, 37 miles from Coeur d’Alene, 1.2 km SE of the town of Smelterville and 3.2 km west of Kellogg in Shoshone County, which has a population of ~13,000

• Located 1 km south of Interstate 90 Highway, including full access to power, water and full industrial infrastructure (including fabrication facilities) and a highly experienced underground mining work force

• Elevation ranges from 750 to 1,100 metres ASL

• The Project’s boundaries are located on strike and contiguous between the historically rich Bunker Hill Mine currently owned by Bunker Hill Mining (CSE:BNKR) to the east and the Page Mine to the west

• Excellent terrain for the construction of mining, milling and tailing facilities and sufficient size to accommodate all aspects of an underground mining operation, including areas for tailings storage, waste disposal and processing plants • One operating flotation mill located within 10 km of the Project with an option today to be purchased and/or leased • Four-hour drive to the Trail, BC smelter to process concentrate

TSX.V | SILV 17 Source: Official Website of the State of Idaho. View from Ranger-Page Project facing NW (1) According to the US Census. Smelterville, Idaho N RANGER-PAGE PROJECT, SILVER VALLEY, IDAHO

Page Mine Underground Workings Bunker Hill Mine Underground Workings Ranger Mine Crown Point Mine

Blackhawk Mine Curlew Mine

Wyoming Mine

Patented Claim Boundaries:

Surface & Mineral

Mineral Only 1.6km Underground Mine Workings GEOLOGY EXTENSIVE STRIKE LENGTH AND GREAT VERTICAL DEPTH

• The sulphide veins in the Silver Valley district are famous for their long strike length ( >0.5 km) and great vertical depth ( >1 km) and at some mines the grades increase with depth • The veins carry galena and sphalerite with variable quantities of argentiferous tetrahedrite, chalcopyrite, boulangerite and minor gold

• Steeply dipping mesothermal, sulphide rich veins, often occur as sub-vertical slabs that are highly suitable for underground stope mining

TSX.V | SILV (Pictured) Silver - Lead - Zinc from the Silver Valley 19 EXPLORATION POTENTIAL – HIGH PRIORITY TARGETS PROPERTY BOUNDARY MODERN EXPLORATION TECHNIQUES BEING APPLIED TO THE PROJECT FOR THE FIRST TIME PAGE MINE BLACKHAWK – Target 1 RANGER/WYOMING – CROWN POINT – Target 2 Target 3

VEIN PROJECTION

VEIN PROJECTION

BUNKER HILL MINE

Blackhawk Mine / Curlew Vein - The Curlew vein strikes east-west through the Project area but has never been tested further than the western sector of the Unmapped extensions of northwest-trending Bluebird-type Project area. Areas where the vein projects veins at Bunker Hill may also be present on the Project. The into the Revett quartzite beds could be a Bluebird-type veins were the main productive veins at Bunker strong target. Hill. Very large ore shoots occur in the Bunker Hill mine where the east-northeast veins intersected Bluebird-type veins in the Revett formation. TSX.V | SILV 20 BLACKHAWK – TARGET 1 1200 LEVEL: HIGH PRIORITY - THE CURLEW CONTINUATION TARGET

• The Curlew Vein was developed from the Page Mine to the Blackhawk Mine • 1200 Level geology maps show strong veining and a preferential quantize host; stoping stopped but all information indicates vein structure is intact and continues • Although production was limited on the Curlew vein, it is structurally similar to some of the most productive veins in the silver belt portion of the Coeur d’Alene District.

Secondary Target: testing the Secondary Target: Tony Vein, which produced Curlew Vein in the northern part over 4Mt of high-grade ore at the of the Blackhawk Mine on dip neighbouring Page Mine, was not detected where indications show the vein east of the Page Mine shaft by ASARCO. remains in quartzite Exploration potential at the Tony Vein may be present in the footwall of the Curlew Vein

GEOLOGY SECTION SOUTH OF BLACKHAWK DEVELOPMENT, REVETT 1200 LEVEL BLACKHAWK GEOLOGY MAP – VEIN STRUCTURES MAPPED AND FORMATION THICKENS AT DEPTH. BLACKHWAK UPPER WORKING CONTINUING TO DEPTH TSX.V | SILV DOMINIATE IN ST REGIS FORMATION 21 CROWN POINT – TARGET 2 THE DOZER DRILL TARGET • Historic geological maps from hill side bulldozer cuts collected by ASARCO revealed surface geology mapping and Surface Dozer Trench sample: anomalous channel samples 221 g/t Ag and 1% Pb vein • 7.8 opt (221 g/t) Silver and 1% Lead Surface vein projects into Crown Point structure from historic bulldozer cut A CROWN POINT VEIN AND lines up with developed on but un- WORKINGS stoped section of Crown Point mine • Shaft sunk to 800-foot level indicating that vein structures continue at depth • Mined only to 200-foot level • Appears to not be cut-off by faulting

A’ Surface Dozer Trench sample: 221 g//t Ag and 1% Pb vein

TSX.V | SILV 22 RANGER/WYOMING – TARGET 3 NEAR SURFACE EXPLORATION TARGETS

• Underground maps indicate ore grade potential may be open on dip below the Ranger Mine / Wyoming Mine

• The eastern extensions of the mine supported from USGS geological mapping shows a vein above the Ranger Tunnel in the central portion of the property that was not found in the Ranger Tunnel, possibly because the Ranger Tunnel did not extend far enough

• Also noted were numerous veins not mined in the Ranger Tunnel that may have a possibility of developing into ore shoots

• United States Bureau of Mines (USBM) documents TSX.V | SILV indicate the presence of >1,000 tons of mineralized rock 23 remains in the historic Ranger mine workings PATENTED CLAIMS: THE PERMITTING ADVANTAGE THE ENTIRE RANGER-PAGE CLAIM PACKAGE IS LOCATED ON PATENTED CLAIMS

ALL claims are patented claims = no federal permitting required “Mining is and almost always Phase 1 Environmental Assessment shows no environmental issues has been the Shoshone County’s related to past exploration and development activities 1 km from nearby mining-friendly town of Smelterville, Idaho best known industry. The Numerous past producers in the Silver Valley and Coeur d’Alene District County’s Silver Valley is one of (1) Shoshone County: population of only ~13,000 the nation’s greatest mining regions.”

- Shoshone County website (www.shoshonecounty.id.gov), April 29, 2021

TSX.V | SILV (1) Source: US Consensus (2018). 24 OUR APPROACH TO SUSTAINABILITY & ESG USING RESPONSIBLE, SUSTAINABLE MINING AND EXPLORATION PRACTICES

WORK CLOSELY WITH THE COMMUNITY BE GOOD STEWARDS OF THE ENVIRONMENT ETHICS, GOVERNANCE, SAFETY AND COMPLIANCE PROGRAMS • Focus on creating jobs and commitment to hire local • Close coordination with EPA and other stakeholders • Identify best practices and prioritize the • Participate in environmental coalitions and • Leave the area better than when we arrived safety of our people stakeholder groups • Minimize impact • Operate with high integrity and best-in- • Equal participation • Prioritize restoration of the land, wildlife and water class compliance • Invest in training and skills • Mitigate possible risks • Adoption of health & safety protocols • Partner with local universities and students • Participate in environmental coalitions and stakeholder groups

TSX.V | SILV 25 MOVING FORWARD: EXPLORATION WORK PLAN AND TIMELINE FAST-TRACKING TOWARDS A DIAMOND DRILL PROGRAM IN 2021 Q1 Q2 Q3 Q4 Q1 Q2 2021 2021 2021 2021 2022 2022 Appointment of directors, management and advisors

Sign Definitive Agreement for Ranger-Page Project

Complete 3-D geological model and desktop study to integrate comprehensive 100-year database

Conduct ground geophysics

Conduct field work (sampling, surveying, mapping)

Conduct Phase 1 diamond drill program

TSX.V | SILV 26 INVESTOR SUMMARY EXCITING NEW EXPLORATION PROJECT IN THE SILVER VALLEY IDAHO

MODERN SYSTEMATIC EXPLORATION UPSIDE EXPERIENCED PATENTED CLAIMS EXPLORATION TO UNLOCK AT DEPTH AND ON POTENTIAL VALUE LEADERSHIP TEAM AND NO ROYALTIES STRIKE

CLOSE PROXIMITY TO IDAHO: ESTABLISHED PROLIFIC HISTORIC ESTABLISHED ESTABLISHED MINERS MINING JURISDICTION PRODUCING AREA INFRASTRUCTURE

TSX.V | SILV 27 CAPITAL STRUCTURE

SHARE STRUCTURE SHARE PRICE PERFORMANCE (1-YEAR) (2)

Common Shares (Basic) 30.0M

Options 2.8M

Warrants @ $0.075 (Aug-21) 8.0M

Warrants @ $0.15 (Sept-22) 4.2M

Warrants @ $0.30 (Mar-23) 2.75M

Common Shares (FD) 47.8M

Retail Insiders FINANCIAL 17% 11%

Cash (1) $1.1M Institutional 7% Debt (1) Nil

Share Price (July 15, 2021) $0.24 High Net Worth Market Cap (C$) (Basic) $7.2M 65% Average Daily Volume (90-day) 32,000

TSX.V | SILV Source: TMX Group, SEDAR, Yahoo Finance. 28 (1) As at March 31, 2021. (2) As at July 15, 2021. TSX.V | SILV SILVERVALLEYMETALS.COM

CONTACT US Brandon Rook Carson Sedun Head Office President & CEO Corporate Development 750 - 1095 West Pender Street E: [email protected] E: [email protected] Vancouver , B.C. TSX.VM: 604 | SILV-800-4710 M: 604-655-0030 V6E 2M6 OVERVIEW: IDAHO NUMEROUS NOTABLE PLAYERS RAMPING UP EXPLORATION & DEVELOPMENT IN IDAHO

HECLA’S LUCKY FRIDAY MINE BUNKER HILL’S BUNKER HILL MINE NYSE:HL CSE:BNKR A A • Lucky Friday: one of the deepest (~8800 level) silver, zinc, lead mines in • Restarting high grade underground Bunker Hill Mine North America • Bunker Hill produced 165M oz Ag, 5Mt base metals from 1885 to • In operation since early 1940s 1981, accounting for ~15% of >1.2bn oz Ag from prolific USA silver • Production tripled over last year and expected to be 75% more in 2021E region in Coeur d’Alene District) at 3.43-3.8M oz Ag(1) at a cash cost of US$7.75-9.75/oz Ag(2) • Appointed new ex-Barrick Management and Board • 2P Reserves: 77.0M oz Ag (17 years of reserves remaining), M&I (including new Chairman, CEO, CFO) Resources: 86.4M oz Ag, Inferred Resources: 25.4M oz Ag(3) • PEA Results: US$101M after-tax NPV5%, 46% after-tax IRR, US$42M capex over 15 months, 10 yr. mine life, AISC: US$0.65/lb Zn(6)

PERPETUA’S STIBNITE GOLD PROJECT LIBERTY GOLD’S BLACK PINE PROJECT TSX:PPTA TSX:LGD • One of the largest, highest grade and lowest cost gold projects in the US • 435,000 oz historical production @ 0.63 g/t Au from • 2P Reserves: 4.8M oz @ 1.4 g/t Au (LOM) (4) shallow pits from 1992 to 1997 • Completed feasibility study in 2020 • Maiden Resource announced in July 2021 with an • LOM production of average 297,000 oz Au Indicated Resource of 1.7m oz Au @ 0.51 g/t Au and an • AISC (LOM): US$636/oz Au Inferred Resource of 0.37m oz Au @ 0.37 g/t Au • Base Case NPV5% after-tax: US$1.32bn • PEA in progress • Permitted for 48,000m RC drill program and 8,000m core drill program (200 holes) • Phase 3 metallurgical program underway

AMERICAS GOLD & SILVER’S GALENA COMPLEX CENTERRA’S OPTION ON OAKLEY GOLD PROPERTY TSX:USA, NYSE-A:USAS TSX:CG • Currently in restart mode. • March 2020 – signed option agmt. to earn A A A • Located on private land with no permits required up to a 70% interest for total exploration • Galena Complex JV signed in October 2019 with Eric expenditures of US$7.0M and cash Sprott - $20 million for 40% interest payments to Excellon (formerly Otis) for • 39,000m of drilling planned with 3 drills turning U$0.5M over 6 years • M&I Resource: 37.3M oz Ag; Inferred Resource: 78.5M • Centerra to act as operator of the project Source: Public disclosure, SEDAR. (5) oz Ag . Updated resource in June 2021 (1) 2.5 year strike by Lucky Friday workers ended in January 2019. (2) After by-product credits. (3) As at December 31, 2020. TSX.V | SILV (4) As per 2020 Feasibility study. As at December 31, 2020. 30 (5) As at June 30, 2020. Based on 100% interest. (6) At spot metal prices of US$1.29/lb Zn, US$0.92/lb Pb, and US$26.00/oz Ag, yields US$166M NPV5% (AT) and 73% IRR (AT). SILVER: METAL OF THE FUTURE GROWING INDUSTRIAL DEMAND FROM GLOBAL TRANSITION TO DE-CARBONIZATION AND ELECTRIFICATION

• Silver has the highest electrical and thermal conductivity of all metals

• Silver is a critical metal in the transition to a low carbon economy

• 10% of silver supply used for photovoltaics (construction of solar panels)

• 30% of silver supply used in electrical applications

• Shift to a low carbon economy involves increase in electrical componentry, including EVs

• Silver is an important component in the buildout of 5G networks the next major evolution in communication technology

TSX.V | SILV Source: The Silver Institute and Metals Focus (April 2020). 31