Impact Silver Presentation

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TSX.V : IPT

January 2015

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

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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

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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

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• 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.

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Property Description

• 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

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Zacualpan District

Capire District

Early stage exploration area

Number of Old Mine Workings >4,000

Valle de Oro Subdistrict

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

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One Property - Two Processing Plants

GUADALUPE PRODUCTION CENTRE (500 TPD) CAPIRE PILOT PLANT (200 TPD)

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

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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

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

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San Ramon Mine Deeps

Carlos Pacheco/San Juan Mine

Mirasol Zone

Cuchara-Oscar Mine

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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

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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

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:

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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

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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)

(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

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*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.

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)

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Source: Yahoo Finance

1-Year Chart Summary

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

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Contact Us

IMPACT Silver Corp. TSX-V: IPT Frankfurt: IKL

Telephone 1-604-681-0172

Fax 1-604-681-6813

Email [email protected]

Investor Relations Manager Jerry Huang MBA

Website www.IMPACTSilver.com

Twitter @IMPACT_Silver

Corporate Address Suite1100 - 543 Granville Street

Vancouver, BC, Canada V6C 1X8

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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

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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

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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

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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.

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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.

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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

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