CORPORATE PRESENTATION

TSX–V:IPT │ FRANKFURT:IKL

Cautionary Disclaimer Forward Looking Statements

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, without limitations, 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.

Profitable silver production from two 100%-owned adjacent mineral districts in south-central Mexico

Corporate focus is building the Company from earnings and internal capital

Strong cash position of $16.0 million as of December 31, 2012, no debt and 90% of revenues from silver

Construction of new mining district and open-pit operation, the Capire Production Centre, is now complete

Several attractive exploration targets within land package to drive organic growth

Investor-friendly, tightly managed share structure (75M Shares FD)

Why IMPACT Silver?

1

-5,000,000

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

2006 2007 2008 2009 2010 2011 2012

Revenues

Earnings before taxes

Operating cash flow beforechanges in non-cash workingcapital

Financial Highlights – Year Ended December 31, 2012

($000’000’s CDN except of EPS) 2012 2011 2010 2009

Revenue $15.9 $24.3 $16.7 $12.2

Mine operating earnings $4.0 $12.9 $7.4 $4.2

Net earnings (loss) after taxes $(1.1) $7.6 $3.4 $1.6

EBITDA $1.6 $13.0 $6.5 $3.4

Operating cash flows¹ $3.3 $10.2 $5.4 $3.7

Cash $16.0 $30.8 $18.7 $5.3

Working capital $21.4 $31.9 $20.2 $6.3

Earnings per share $(0.02) $0.12 $0.07 $0.02

2

¹Before changes in non-cash working capital

²Non GAAP working measure; operating cash flow before changes in non-cash working capital ($3,296,510) divided by

weighted average number of common shares outstanding (68,061,035)

• Market cap: C$78 Million

• Cash position: C$16.0 Million

• Shares outstanding: 68M (FD 75M)

• Warrants: Nil

• Debt: Nil

• Cash flow per share²: $0.05

Board of Directors

Frederick W. Davidson, CA – President & CEO, Director

• 35+ years mining & corporate finance experience

• Founding President of IMPACT Silver Corp. & Energold Drilling Corp.

• Held senior management positions at Erickson Gold Mines Ltd. and Mt. Skukum Gold Mines.

George A. Gorzynski, P. Eng – VP Exploration, Director

• 30+ years of international mineral exploration and mining experience. Currently Director of Tirex Resources Ltd., Defiance Silver Corp. and Berkwood Resources Ltd.

H. Walter Sellmer, P. Geo – Director

• Held senior management positions at Amax Exploration, Canamax Resources Inc. and TOTAL Energold Corp.

Victor A. Tanaka, P. Geo – Director

• Held senior positions in mineral exploration at Cominco, Asamera, Freeport McMoRan, Aber, Major General, Fjordland and Pathfinder. Currently President & CEO of Bayswater Uranium.

Richard J. Mazur, P. Geo, MBA – Director

• Held senior management positions at Canamax Resources Inc. and IMPACT. Currently CEO of Alto Ventures Ltd. and President & CEO of Forum Uranium Corp.

Peter N. Tredger, P. Eng, MBA – Director

• Held senior management positions at Glencairn Gold Corp., Wheaton River Minerals Ltd. and Blue Pearl Mining Ltd. Currently VP of Thompson Creek Metals Company Inc.

Jean-Pierre Bourtin, MBA – Director

• Former Treasurer of Xerox Corp., Latin America & Emerging Markets. Currently President & Money Manager of a private investment firm in Wilton, Connecticut. 3

Project Location & Overview

4

District Location in Mexico Central zone of land package

Growth in Production

Dec 31

2012 Dec 31

2011 Dec 31

2010 Dec 31

2009

Silver production (oz) 620,515 833,607 750,259 823,571

Gold production (oz) 629 676 600 810

Lead production (t) 463 731 734 969

Zinc production (t) 710 1,248 1,212 1,098

Total tonnes milled 168,826 154,289 131,348 114,340

Tonnes milled per day 463 424 360 313

Revenue per tonne $94 $171 $123 $110

Direct Cost per tonne $65 $70 $63 $60

5

Mines in Production

• San Ramon Mine

• Noche Buena Mine

• Cuchara-Oscar Mine

• Capire Mine (open-pit)

• Chivo Mine (stand-by mode)

*Production decreased as operations transition from older, lower grade mines to new high grade mines during 2012

Zacualpan & Capire Silver Districts

Production in 2013: • San Ramon Mine

• Noche Buena Mine

• Cuchara-Oscar Mine

• Capire Mine

Exploration: • Valle de Oro area

El Gigante Vein Carlos Pacheco Vein

Huatecosco Vein

• Zacualpan District

La Condesa Vein

Mirasol Prospect

• Capire District

Cruz Blanca

Santa Rita

6

Capire District

Zacualpan District

Valle de Oro Area

This map is reproduced in miniature on following slides

Royal Mines of Zacualpan – Prolific Mining History

The Royal Mines of Zacualpan is one of the oldest mining districts in the Americas, with 485 years of recorded mining history

IMPACT’s intensive exploration work has catalogued over 3,000 old mine workings in the GIS database, forming an invaluable basis for modern and effective exploration

IMPACT bought the Zacualpan assets in 2006 and consolidated ownership of the entire district for the first time in its history

One of 42 historic processing plants found in the

district attesting to a long history of silver mining

7

One Land Package, Two Production Centres

The Guadalupe Processing Plant is rated at 500 tpd and has been the main production centre since 2006.

Fed by three underground silver mines: the San Ramon, Noche Buena, Cuchara-Oscar

Guadalupe Production Centre

.

The Capire pilot plant is rated at 200 tpd with the potential to produce 200,000 ounces of silver per year, with plans for future expansion

Capire Mine is an open-pit VMS deposit with NI43-101 measured and indicated resources of 7.2M oz Ag and 30,446 oz Au (January, 2011)

Capire Production Centre

8

Guadalupe Mill - 500 TPD crushing and flotation circuit Capire Pilot Plant - 200 TPD crushing and flotation circuit

One Land Package, Multiple Mines

San Ramon Mine – Restarted production in early 2008. Currently 51% of total production. Large veins and stockworks of high grade epithermal mineralization.

Noche Buena Mine – Commenced production in 2010. Currently 33% of total

production. Large epithermal veins located in the Valle de Oro area.

Cuchara-Oscar Mine – Corridor of many wide and high-grade silver veins linking

the legacy Cuchara Mine and the Santa Lucia zone. Commenced production in February 2013, currently 20% of total production.

Chivo Mine & Gallega Mine – Chivo provided 4% of total production in Q4 2012. Gallega provided 12% of total production in Q4 2012. Both mines currently on stand-by; will be periodically mined for lead and zinc.

Capire Mine – Open-pit, VMS deposit with high grade polymetallic mineralization.

Commissioning of the 200 tpd pilot plan began in March 2013.

Valle de Oro – Current exploration area. Widespread mesothermal veins indicate potential gold-copper subdistrict lying beneath the Zacualpan Silver District. Initial high grade drill results at the Carlos Pacheco and Huatecosco veins.

9

New Mine Production: Cuchara-Oscar Mine

Oscar is a high-grade silver vein corridor linking the past-producing Cuchara Mine and the Santa Lucia zone

Production at Cuchara-Oscar began in February 2013, with mineralization feeding the nearby Guadalupe Mill

Utilizing the legacy Cuchara Mine infrastructure allowed for lower capital costs and rapid mine development at Oscar

10

Cuchara-Oscar & Santa Lucia Zone Drill Highlights

A Selection of Oscar Vein Drill Highlights

Drill Hole To (m) From (m) Interval (m) Ag (g/t) Au (g/t) Pb (%) Zn (%)

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

A Selection of Santa Lucia Drill Highlights

Z09-35 81.42 82.85 1.43 600 0.08 - -

Z09-47 60.60 66.90 6.30 278 0.01 0.15 0.70

including 63.72 66.90 3.18 467 0.01 0.24 1.11

Z09-53 216.13 218.52 2.39 419 0.03 0.28 0.32

See News Releases dated: April 23, 2012, December 16, 2009 & October 6, 2009

11

New Capire Mine and Production Centre

Capire open-pit 3D model Capire open-pit Mine and Pilot Plant

Open-pit 200 tpd pilot mill

Remains

open for

expansion

Mill

Tailings facility

Area of defined

NI 43-101 Resource

3D model of

planned

open-pit

2012

Construction of 200 tpd pilot plant;

11,850m drill program

(completed)

2013 & 2014

Began production to optimize design

parameters for future plant expansion;

minimum 10,000m drill program

2015 & 2016

Define plans to construct a large,

permanent plant at Capire; size will be

determined by exploration and pilot

plant results 12

N

NI 43-101 Mineral Resource Estimate – Capire Mine

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

• Initial mining grades anticipated to be 149 g/t silver

13

Published: February 2011

Recent 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 83.35 110.10 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

• These holes expanded to the extent of the Capire mineralization to the north and south; the zone

remains open for further expansion to the east and northeast

• Exploration drilling in 2013 will initially be on the Cruz Blanca and Santa Rita prospects

14

Capire Exploration

VMS mineralization in Capire District is predominantly silver-rich with zinc, lead, copper and gold credits

District covers the same stratigraphy as the Campo Morado VMS belt, where Nyrstar N.V. is in commercial production on the G-9 deposit

Several VMS targets in close proximity to Capire will be drilled: Guadalupe, Cruz Blanca, Santa Rita & Aurora II

15

Geology

METAL ZONING IN ORE SHOOTS

Depth

Surface (0m / 0 ft)

150 m (500 ft)

300 m (1,000 ft)

Cuchara-Oscar Mine

San Ramon Mine

Chivo Mine

Noche Buena Mine

Strike Length

150-420 m (500-1400 ft)

Silver-rich at top

200 – 1,000+ g/t Ag

Lead & Zinc rich

at bottom

60 – 150 g/t Ag

Gold-Copper

at depth

Mining Level

Valle do Oro Area

Typical

Mining Width

3 m (10 ft)

Veins in the Zacualpan

District tend to be silver-rich near

the top

(commonly 1,000+ g/t)

Increasing lead and zinc & decreasing

silver towards the

bottom

Significant gold and copper

may lie at depth

16

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 Huatecosco Drill Highlights

Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Pb

(%) Zn (%)

Z11-17 54.51 59.25 4.74 3.44 117.6 0.59 0.81

Z11-19 114.65 117.40 2.75 3.53 320.8 0.43 0.57

Z11-20 167.90 178.20 10.30 3.97 48.7 1.69 2.62

including 167.90 172.50 4.60 6.96 84.3 2.89 5.11

Z11-48 351.70 355.80 4.10 5.22 30.10 0.69 1.78

including 353.75 354.50 0.75 25.0 50.10 0.49 1.59

17 See News Releases dated July 11, 2012, October 12, 2011 and June 2, 2011

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

3,000 old

mines and

prospects

catalogued

to date

Prioritize and

select

areas and

prospects

for drilling

• Capire (East)

• Mirasol

• El Gigante

• Condesa &

Cuchara North

• Carlos Pacheco

• San Ramon

• Noche

Buena

• Cuchara-

Oscar

• Capire

• Capire Mine

and Plant

Expansion

A cornerstone of IMPACT’s success has been rapid mine development to increase mill throughput and generate near-term cash flow

EXPLORATION AND MINE DEVELOPMENT PROCESS FLOWCHART:

18

Exploration Targets

Zacualpan District

• Mirasol

• La Condesa

• Santa Efigenia

Capire District

• Cruz Blanca

• Santa Rita

• Manto Rico

• Guadalupe

Valle de Oro Area

• Carlos Pacheco

• Huatecosco

• Pilarica

• El Gigante

Dominican Republic

• Early stage exploration on legacy claims

An abundance of attractive exploration targets to drive organic growth

and potentially advance into production

19

Summary of Operations

IMPACT’s goal is to build a multimillion ounce precious metals producer with multiple mines feeding multiple processing centers

1

4

3

2

1. Zacualpan District • The San Ramon, Noche Buena, Cuchara-

Oscar Mines currently feed the 500-tpd

Guadalupe Processing Plant

2. Capire Production Centre • New production centre in new district

• Initial production through 200-tpd pilot plant

• Multiple silver targets in area

3. Valle De Oro Area • Area of both silver and gold-copper veins

• Drilling currently underway at El Gigante

• Potential site of a third processing plant

4. Southeast Exploration Area • Currently mapping numerous old

mine workings, early stage exploration

20

Future Plans & Goals

2013 • Begin production at both the

Cuchara-Oscar Mine (completed) and the Capire Mine and Processing Centre (completed)

• Continue aggressive exploration across expansive land package to accelerate organic growth

• Pursue accretive M&A opportunities of advanced stage assets

2014 & Onward

• Define expansion plan for the Capire Mine and Processing Centre

• Continue exploration and expansion of mining activities with the aim to establish IMPACT as a multimillion ounce precious metals producer

21

Why IMPACT Silver?

Strong cash position & zero

debt Expanding silver

production with two new

mines put production in

Q1 2013

Numerous exploration targets to

drive organic growth

Tight share structure and small

market cap for a profitable junior silver producer

Proven history of profitable mining

success

22

This statue of a miner is located in front of the

church in the town of Zacualpan, signifying the

importance and acceptance of mining within

the community and the surrounding areas.

Explore.

Produce.

Profit!

Contact Us

Telephone: 1 604 681 0172

Email: inquiries@impactsilver.com

www.impactsilver.com

TSX-V: IPT