Outcrop Silver & Gold (OCG) Metals and Mining Virtual Investor Conference summary

Market and industry context

• Silver is experiencing a significant supply deficit, driven by increased industrial demand, especially from the solar sector, surpassing traditional investment and jewelry uses.

• Silver price has shown volatility, with historical runs and current levels around CAD 32/oz, with expectations for further increases.

• Primary silver mines, where silver is the main product, are rare and account for a small portion of global production, making new discoveries valuable.

• Silver explorers and developers tend to outperform silver price movements, offering leveraged exposure.

Project highlights and resource development

• The project in Colombia is one of the highest-grade primary silver deposits globally, with 73% of value from silver and 27% from gold.

• Initial maiden resource in 2023 was 37 million ounces, with ongoing discoveries expanding the resource base.

• The company aims to surpass the 100 million ounce resource mark, a key milestone for market valuation.

• 2024-2025 focus is on resource development, with a 24,000-meter drill program and a CAD 12 million budget.

• Recent discoveries, such as multiple veins at Aguilar, are expected to contribute significantly to resource growth.

Operational and technical strengths

• The deposit features high silver grades (446 g/t pure silver, 614 g/t silver equivalent) and excellent metallurgy, with 96% silver and 98.5% gold recoveries.

• The mineralogy (88% Argentite) allows for high payability and direct smelting without cyanide.

• The project is located in a historic mining district with established infrastructure and community support.

• Strong local relationships and integration into the community and regional development plans.