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TSX.V : IPT

May 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

HIGH GRADE DRILL TARGETS

IMPACT Silver has been a steady silver producer since 2006 with low cost operations on one large property covering two silver districts 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 future 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

New high grade drill targets have been defined on large vein systems in the Alacran North, San Ramon Deeps, El Paso and San Pablo areas

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 355 km² (35,500 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 test mining of gold on the property

• IMPACT’s exploration work has catalogued over 4,000 old mine workings and 42 historic processing plants, indicating extensive historical mining, large exploration potential and forming an invaluable database for modern and effective

exploration

Prolific Mining History

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El Calvario Nombre de Dios

Some of the 42 historic processing plants of the Zacualpan District

La Cadena

La

Fortuna La Zorra

El Calvario

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 three underground mines located within close proximity: • Cuchara-Oscar Silver Mine • San Ramon Silver Mine • Mirasol Silver 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 Q1 2015: 8%

and expanding

San Ramon Began production in 2004;

High grade epithermal silver veins

Currently expanding on new high grade vein discovery at

depth

Contribution to total production in Q1 2015: 39%

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 Q1 2015: 51%

Gallega

Closing: end of mine life

Equipment and personnel being reassigned to expand production at other mines

Epithermal silver veins in historic Guadalupe Mine

Contribution to total production in Q1 2015: 2%

One Property - Three 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 236g/t Silver (recovered) from Levels 18, 19 and 20

• The zone remains open for expansion to the south, north, down dip and up dip with additional drilling to start in late

June

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 2013-14 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

• Current exploration is focused on the Alacran North area

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Alacran North Exploration Area

• Numerous drill targets are being developed on veins with high silver and gold assays located between two large historic Mines

• The Guadalupe Mine to the north produced over 10 million ounces silver between 1972-1991, and much more since first recorded production in 1529

• The Alacran Mine to the south is marked by extensive underground workings with historic reports of high grade silver and gold mining beginning before 1527

1.2

+ km

zo

ne

Ala

cran

Dee

ps

Dri

ll Ta

rget

Drill Targets Guadalupe Deeps El Paso San Ignacio Remedios El Progresso Alacran Deeps

Guadalupe Mine >>10M oz Ag historic production

Alacran Mine Large historic silver & gold production

Capire Mine and Plant

Capire open-pit 3D model

Capire open-pit Mine and Pilot Plant on VMS Silver –Lead-Zinc Deposit (currently on standby)

Open-pit 200 tpd pilot plant

Expansion area for 2015 mineral resource report

Mill

Tailings facility

Area of 2011 Mineral Inventory

3D model of planned open-pit

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N

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

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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 4,000

old mines and

prospects

catalogued

to date

Prioritize and

select

areas and

prospects

for drilling

• San Juan

•Alacran North

(drilling planned)

• El Paso

(drilling planned)

• Cuchara-Oscar

• San Ramon

• Mirasol

•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 2015 YE 2014 YE 2013 YE 2012

Silver production (oz) 220,961 725,733 682,526 620,515

Gold production (oz) 153 989 1,269 629

Average mill head grade (silver grams per tonne)

189 159

(Q4=180) 158 138

Total tonnes produced (t) 41,046 162,266 159,270 168,826

Tonnes produced per day 456 445 436 463

Revenue per production tonne sold

$88 $74 $84 $94

Direct costs per production tonne

$71 $69 $68 $62

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Silver-Focused Producer

Revenue Breakdown by Metals (2014)

Silver

Gold

Lead

Zinc

Silver 80%

(CDN$000’000’s except EPS) Q1 2015 YE 2014 YE 2013 YE 2012

Revenues $3.9 $12.0 $14.1 $15.9

Operating expenses $3.2 $12.0 11.4 $10.3

Mine operating earnings (loss)* $0.7 ($0.0) $2.7 $5.6

EBITDA $0.28 ($2.1) ($4.6) $1.6

Net earnings (loss) ($0.3) ($3.5) ($8.5) ($1.1)

Operating cash flow** $0.43 ($0.7) $0.6 $3.3

Debt Nil Nil Nil Nil

Earnings (loss) per share – basic $0.00 ($0.05) ($0.13) ($0.02)

Cash and cash equivalents $0.5 $0.6 $3.5 $16.0

Working capital $3.8 $3.7 $6.9 $21.4

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*Before Amortization and Depreciation **Before changes in non-cash working capital

Financial Highlights

All prices in Canadian Dollars As of April 15, 2015

Common shares – Issued & Outstanding 68.1 M

Fully Diluted 74.1 M

Share Price $0.23

52wk Range $0.15 - $0.70

3 Month Average Daily Volume 50,600 Shares

Market Capitalization 15.67M

Insider and Institutional Ownership 14.9%

Options Issued 5.93 M

Warrants Nil

Corporate Summary (TSX.V: IPT)

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Source: Yahoo Finance

1-Year Chart Summary

2015

• TRANSITIONING TO HIGHER GRADE PRODUCTION & EXPANSION THROUGH DRILLING

• Ramp up production at Cuchara-Oscar Mine (Done)

• Expand high grade silver production at San Ramon Deeps (Continuing)

• Ramp up higher grade silver production at Mirasol Mine (Continuing – completion Q3)

• Drill advanced exploration targets at San Ramon Deeps and Alacran North

2016+

• EXPANSION AND EXPLORATION

• Drill advanced exploration targets at San Ramon Deeps, Alacran North, El Paso & San Pablo

• Prepare San Juan Gold-Copper Zone (Noche Buena Mine) and San Patricio Silver Mine for production

• 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, and expand mining activities with aim to grow IMPACT Silver into a multimillion ounce precious metals producer

Plans for Growth

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The Road to Growth

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1. Growth through incremental Production

Silver production is increasing quarter on quarter due to mining of higher silver grades

2. Growth through Underground Development

Completion of the internal shaft at San Ramon will allow more rapid mining of silver from the wide and high grade San Ramon Deeps Zone

3. Growth through Mine Drilling

Underground drilling is rapidly expanding the high grade San Ramon Deeps Zone

Underground drilling is expanding the Cuchara-Oscar Zone

An additional 25,000m of drilling has been completed at Capire and will be incorporated into a new mineral resource model

4. Growth through Defined Lower Grade Resource Base

Lower grade resources available for production at higher silver and gold prices have been defined at Capire, Carlos Pacheco-San Juan and elsewhere

5. Growth through Metal Diversification

Mining and exploration of gold and copper zones beneath the known silver zones has begun with first mining and processing from the Carlos Pacheco South Zone in 2014

6. Growth through Spare Production Capacity

The Capire processing plant is on care and maintenance and available for rapid start-up to increase production

The Capire plant infrastructure was built with room for expansion to 800+ tpd

7. Growth through Brownfields Exploration

Numerous drill targets on high grade silver and gold zones have been defined and are ready for drilling with Alacran North as the next drilling area

Over 4,000 historic mine workings have been catalogued demonstrating extensive exploration upside and the basis for defining future drill targets

8. Growth through M&A

Contact Us

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

Telephone 1-604-681-0172

Fax 1-604-681-6813

Email inquiries@impactsilver.com

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 Drilling 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 Drilling 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 Drilling 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 Drilling 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 Drilling 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 (Cuchara) Drilling 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

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• 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

Appendix VII: San Ramon Deeps Drilling Highlights

A Selection of San Ramon Deeps Drilling Highlights

Drill Hole Vein True Width (m) Ag (g/t) Au (g/t) Pb (%) Zn (%)

SR14-01 San Ramon HW2 6.57 393 0.20 0.50 1.64

Including 1.79 1,163 0.63 1.36 4.66

SR14-02 San Ramon HW2 1.65 545 0.18 0.25 1.05

San Ramon HW1 2.39 457 0.31 0.09 0.29

SR14-04 Inmaculada 2 4.39 278 0.44 0.40 0.89

MPZ-184-14 Inmaculada 2 3.00 183 0.11 0.61 0.55

MPZ-185-14 Inmaculada 2 1.88 203 0.08 0.30 0.94

MPZ-186-14 Inmaculada 2 5.80 552 0.28 0.44 1.34

Including 2.84 1,025 0.53 0.81 2.45

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• The San Ramon Deeps Zone appears to be the top of a new mineralized shoot stacked below the original Upper San Ramon Zone • San Ramon Deeps remains open in all directions for expansion; drilling is continuing • See IMPACT Silver News Releases dated May 21, 2014 and March 31, 2015 for details

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