November 2016

Cautionary Statements

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 Companys operations; the ability to properly and efficiently staff the Companys operations;
the sufficiency of current working capital and the estimated cost and availability of funding for the continued exploration and development of the Companys 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 Companys 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 Companys 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 Companys 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 with the exception of the Capire project mineral resource estimate. Steven Ristorcelli, C.P.G. (U.S.A.), Principal Geologist for Mine
Development Associates and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the Capire mineral resource estimate and directly related
information.

2
Overview

SILVER IMPACT Silver has been a steady silver producer for the past 10 years with low cost
PRODUCTION operations on one large property covering two silver districts in central Mexico.
NEW HIGHER In response to lower silver prices, mining has successfully transitioned much of its
GRADE SILVER
production to new higher grade silver mines
MINES
GOLD & COPPER
IMPACT has also carried out initial test mining of new gold zones and metallurgical
ZONES testing of copper zones in the Carlos Pacheco area of the property, with the future aim to
diversify Company metal production
EXTENSIVE
EXPLORATION Exploration continues to evaluate some of the 4,500+ historic mine workings in the district
UPSIDE indicative of extensive silver and gold mineralizing systems

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

3
 Directors & Management
Frederick W. Davidson, CA
George Gorzynski, P. Eng.
Tiffany Dang, CA
Armando Alexandri
Victor Tanaka, P. Geo
Richard Mazur, P. Geo, MBA
Peter Tredger, P. Eng., MBA
Jean-Pierre Bourtin, MBA
Robert W. Lishman
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.
VP Exploration, Director Over 30 years of exploration and mining experience; also current Director of Defiance Silver, Tirex
Resources and Berkwood Resources.
CFO Chartered Accountant for over 10 years, initially with PriceWaterhouseCoopers in their audit and
transaction services divisions in Canada and the USA. In 2010 joined Energold Drilling Corp. as
Corporate Controller and in 2016 appointed Chief Financial Officer of IMPACT Silver.
COO Over 35 years of mining experience in underground and open-pit mines as well as flotation and
cyanidation processing plants.
Director President & CEO of Bayswater Uranium Corp. Held senior positions at Asamera Inc., Freeport
McMoRan Gold Corp., Aber Resources, Cominco, Fjordland Exploration and Pathfinder Resources.
Director President and CEO of Forum Uranium Corp. and CEO of Alto Ventures Ltd. Held senior positions at
Canamax Resources and Pan Ocean Oil.
Director Former Senior Officer of Thompson Creek Metals Company. Held senior positions at Glencairn Gold
(now B2Gold) and Wheaton River Minerals (now Goldcorp).
Director President of a private equity firm in Connecticut, USA. Former Treasurer of Xerox Corp., Latin
American and Emerging Markets.
Director Over 40 years of investment industry and business experience with strong portfolio management and
financing expertise, currently Managing General Partner of investment fund Yellowjacket, LP. 4
 Property Description

100% owned and operated large 357 km (35,700 ha)

mineral concession package in south-central Mexico.

Two contiguous mineral districts with long history of silver

mining and nascent gold mining.

A 3.5 hour drive southwest from Mexico City, with paved

road access to the gate of IMPACTs 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.

5
 Prolific Mining History

The Royal Mines of Zacualpan is one of the

oldest mining districts in the Americas, with
nearly 500 years of recorded mining history

IMPACTs large land package has a long history

Nombre de Dios La Cadena of silver mining and recently began test mining
El Calvario
of gold on the property

IMPACTs exploration work has catalogued

over 4,500 old mine workings and 75 historic
processing plants, indicating extensive historical
La Zorra La mining, large exploration potential and forming
Fortuna
an invaluable database for modern and effective
Some of the 75 historic processing El Calvario exploration
plants of the Zacualpan District

6
Mines and Processing Plants

Two modern 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:
San Ramon Silver Mine
Cuchara 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
7
 One Property - Two Processing Plants

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

8
One Property - Three Producing Mines
San Ramon
Began production in 2004.
Current high grade silver production from
a new large vein at depth San Ramon
Deeps
Wide high grade drill results recently
announced additional drilling planned
Contribution to total production in
Q3.2016: 40%
Cuchara
Began production in 2013
Corridor of epithermal veins linking new
and legacy mines
Production is from medium grade
epithermal silver and lead-zinc veins
Contribution to total production in
Q1.2016: 42%
Mirasol
Began production in 2014
High grade epithermal silver veins
Soon to close and will be replaced by San
Patricio Silver Mine development project
Contribution to total production in
Q1.2016: 18%
9
San Ramon Deeps
High Grade Silver Mine , New Drill Results

Recent drilling has been expanding

the new deep high grade silver vein
at the San Ramon Mine the San
Ramon Deeps Zone
Recent mining averaged
214g/t Silver (mining diluted grade)
Open for expansion from Levels 18, 19, 21, 22
The zone remains open for
expansion to the north, down dip
and up dip with additional
underground drilling planned

Area of new drill

intersections; assays
pending
Open for expansion
10
 San Ramon Deeps Cross Sections
New high grade silver assays over very wide widths

New drill results released May 5, 2016 include:

14.82m grading 481 g/t silver
Including 9.9m grading 610 g/t silver
21.7m grading 271 g/t silver
Including 11.0m grading 402 g/t silver
10.0m grading 349 g/t silver
Including 6.4m grading 465 g/t silver

These are the best drill intersections ever

drilled on the property

An additional 11 holes have been drilled on

downdip extension; assays pending

The zone remains open for expansion with

additional underground drilling planned
11
San Ramon Deeps
Table of All the Recent High Grade Drill Results

12
 San Patricio Silver Mine
New Mine Development

2150 2150

Drilling in 2007-2008 returned S

SECCION LONGITUDINAL MINA SAN PATRICIO
San Patricio Silver Mine Long Section N
SIMBOLGIA

assays including 242g/t silver over 2100

RESERVAS INDICADAS CON BARRENACION
BNO NO ECONOMICO
PROYECTO
2100

4.6m and 935g/t silver over 0.6m No. BARRENO

Z11-36
ANCHO Ag
3.00 - 258 - 0.17 -0.29

The zone remains open for 2050 2050

expansion to the north, down dip SOCAVON SAN

PATRICIO

and up dip with additional surface 2000

Z08-20
2.34-19-0.03-0.05 Z08-17
1.46-41-0.40-1.01
2000

drilling pending soon Z08-21

2.08-11-0.15-0.17
Z07-25
Z07-25
4.78-122-1.57-1.82
2.9-152-1.91-2.16
1950
Open for expansion 1950

500m access crosscut is currently

Z08-18 Z07-26

0.66-32-1.28-1.89 Z07-26
8.00-242-0.31-0.63
4.6-242-0.31-0.63 with
REAdrilling pending
SIN EXPLORACIN.

being excavated from (former) 1900

Z08-22
1.34-12-0.01-0.03
Z08-19
1.93-346-0.20-0.42

o
1900
Z07-27
Z07-27

Chivo Mine workings with mining PROY. CRUCERO A MINA EL CHIVO

1.40-219-0.26-0.62
0.4-369-0.20-0.88
Z07-28
o
0.99-935-0.47-2.14
Z07-25
ELEVACION CHIVO NIVEL1

2.9-152-1.91-2.16

projected to begin in Q1/2017 1850

Z07-28
0.50-106-0.11-0.23 1850

MINERA EL PORVENIR DE ZACUALPAN S.A DE C.V

SECCION LONGITUDINAL
MINA SAN PATRICIO

REVIZO : F H R LEVANTO : S.V.V. VIENDO AL NE

APROBO: F H R ENERO 2016 ESCALA 1 : 500

13
Big Exploration Upside

Exploration continues to evaluate the

4,500+ historic mine workings located on
hundreds of mapped veins (red lines on
Area 1 map) on an extensive mineralizing system

Area 4 Area 1: Brownfields exploration for silver

veins within close trucking distance to the
Guadalupe plant; area includes the San
Ramon, Cuchara and San Patricio mines
Area 2: Early stage exploration for
Area 2 Zacualpan southeast extension silver veins
Area 3: Brownfields to intermediate
exploration on silver-rich VMS and vein
targets; includes the open pit Capire mine
Area 3 Area 4: Brownfields to early stage
exploration on copper-gold and silver vein
targets

14
Area 1: San Felipe Corridor Exploration Area

A number of drill targets have been

developed on veins between the
Guadalupe Mill and the Chivo Mine
Socavon Zacualpan and El Paso are on
the mine access road less than 1km from
the mill
San Felipe is an old multilevel mine
Chivo Norte is a series of veins on the
north extension of the Chivo Mine
Other areas are being mapped and
sampled to develop more drill targets
Surface drilling is planned in early 2017
on San Felipe, El Paso and Socavon
Zacualpan targets
15
 Area 1: Alacran North Exploration Area

Numerous drill targets are being

developed on veins with high silver and
Guadalupe Mine
>>10M oz Ag gold assays located between two large
historic production
historic Mines
Drill Targets
The Guadalupe Mine to the north

Alacran Deeps Drill Target

Guadalupe Deeps

El Paso produced over 10 million ounces silver

San Ignacio between 1972-1991, and much more

1.2+ km zone
Remedios
since first recorded production in 1529
El Progresso

Alacran Deeps The Alacran Mine to the south is

Alacran Mine
marked by extensive underground
Large historic
silver & gold production
workings with historic reports of high
grade silver and gold mining beginning
before 1527

16
Area 2: San Pablo North Exploration Area

Early stage exploration

has discovered
numerous old mines
and old processing
plants
These old mines are
Old mines
Mines
being opened and
sampled to develop
Old Processing Plants
drill targets
Further work is
planned in this area of
High
Discovery high potential for silver
Potential

Epithermal Silver Veins 17

 Area 3: Capire Mine and Plant

N
Open-pit
200 tpd pilot plant

3D model of
planned
open-pit

Mill
Tailings facility

Capire open-pit Mine and Pilot Plant on VMS

Capire open-pit 3D model SilverLead-Zinc Deposit (currently on standby)

12
 New Capire NI43-101 Mineral Resources

Cutoff Inferred
US$ Tonnes US$ g Ag/t %Zn %Pb Oz Ag lbs Zn lbs Pb
10 4,465,000 36.20 44.21 0.72 0.31 6,346,000 71,183,000 30,212,000
15 3,450,000 43.24 53.03 0.85 0.37 5,881,000 64,914,000 28,072,000
20 2,707,000 50.37 62.22 0.98 0.43 5,414,000 58,444,000 25,755,000
25 2,177,000 57.19 71.06 1.10 0.49 4,974,000 52,766,000 23,522,000
30 1,786,000 63.74 79.49 1.22 0.54 4,563,000 47,975,000 21,423,000
35 1,490,000 69.96 87.65 1.33 0.59 4,199,000 43,692,000 19,504,000
40 1,242,000 76.47 96.20 1.45 0.65 3,842,000 39,596,000 17,666,000
45 1,035,000 83.30 105.37 1.56 0.70 3,507,000 35,693,000 15,905,000
50 859,000 90.69 115.49 1.69 0.75 3,189,000 31,983,000 14,203,000
60 636,000 103.31 133.60 1.88 0.84 2,732,000 26,339,000 11,793,000
70 489,000 114.89 150.72 2.04 0.92 2,370,000 22,034,000 9,909,000
80 381,000 126.33 167.97 2.20 0.99 2,057,000 18,455,000 8,338,000
90 294,000 138.53 187.15 2.34 1.07 1,772,000 15,194,000 6,966,000
Mineral Resources are current as at January 9, 2016. The reported mineral resource (Base Case) cutoff grade is US$30/tonne in the table.
Steven Ristorcelli, C.P.G. (U.S.A.), Principal Geologist for Mine Development Associates and a Qualified Person under the meaning of
Canadian National Instrument 43-101, is responsible for this Capire project mineral resource estimate (See IMPACT Silver news release
dated January 18, 2016 for supporting information and other details.)
14
Geology of Epithermal Vein Systems

Metal Level in Producing Mines Metal Zoning in Mineral Shoots

Strike Length Depth
150 1200 m (500 4,000 ft)
Surface 0 m (0 ft)
Silver-rich at top of vein
San Ramon Mine Deeps 150 1,000+ g/t Silver

San Patricio Zone

150 m (500 ft)
Cuchara-Oscar Mine Lead and Zinc-rich at
bottom of vein
50 120 g/t Silver
300 m (1,000 ft)
Carlos Pacheco/San Juan Gold-copper at depths
Zone of 300 m+

20
Area 4: 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

21
 Rapid Exploration To Mine Development

A cornerstone of IMPACTs 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:

RESEARCH FIELD WORK MINE

DRILLING
Surface & DEVELOPMENT MINE
Compile old
Drilling in PRODUCTION &
mines/ prospects underground Mine Planning,
phases based CASH FLOW
from historic sampling, Permitting and
on success
maps mapping Construction

San Ramon
More than 4,500 Prioritize and San Ramon
Deeps
old mines and select San Patricio Deeps
prospects areas and San Patricio
Cuchara-Oscar
catalogued prospects (drilling planned) Cuchara-Condesa
to date for drilling Mirasol
El Paso
(drilling planned)

18
 Production Summary

Production Highlights
Q1-3
YE 2015 YE 2014 YE 2013
Silver-Focused Producer
2016
Production Breakdown by Metal Value (2015)
Silver production (oz) 705,358 950,059 725,733 682,526

Gold production (oz) 372 495 989 1,269

Average mill head grade

181 193 159 158 Silver
(silver grams per tonne)
Gold
Total tonnes produced (t) 134,666 170,509 162,266 159,270
Lead

Tonnes produced per day 492 467 445 436 Zinc

Silver 89%
Revenue per production
$95 $85 $74 $84
tonne sold

Direct costs per

$70 $72 $69 $68
production tonne
23
Financial Highlights

(CDN$000000s except EPS) Q1-3 2016 YE 2015 YE 2014 YE 2013

Revenues $12.9 $14.7 $12.0 $14.1
Operating expenses $9.7 $12.6 $12.0 11.4
Mine operating earnings (loss) 1 $3.2 $2.0 ($0.0) $2.7
EBITDA $0.8 $0.4 ($2.0) ($4.7)
Net earnings (loss) ($1.1) ($1.4) ($3.5) ($8.5)
Operating cash flow $1.6 $2.4 ($0.7) $0.6
Debt Nil Nil Nil Nil
Earnings (loss) per share basic $(0.01) ($0.02) ($0.05) ($0.13)
Cash and cash equivalents $8.1 $0.7 $0.6 $3.5
Working capital $11.0 $2.9 $3.7 $6.9
1 Before Amortization and Depletion

24
 Corporate Summary (TSX.V: IPT)

All prices in Canadian Dollars As of November 22, 2016

Common shares Issued & Outstanding 85.6 M

1-Year Chart Summary
Fully Diluted 95.0 M

Share Price $0.62

52wk Range $0.11 - $1.28

3 Month Average Daily Volume 262,806 Shares

Market Capitalization $53.0 M

Insider and Institutional Ownership 31.3%

Stock Options 5.1 M

Warrants 4.4 M
Source: Yahoo Finance

25
Plans Going Forward

CONTINUE TO UPGRADE AND EXPAND SILVER PRODUCTION

Continue mine development and drilling to expand high grade silver production at San Ramon Deeps
Continue to upgrade production at the Cuchara Silver Mine
Prepare San Patricio Silver Mine for production in Q1/2017
2016 Increase cash flows through continued improvements in grade and cost controls, and continue to
optimize operating controls at all mines
Exploration on select targets among the 4,500+ silver and gold-copper old mine prospects

EXPANSION AND EXPLORATION

Drill exploration targets in San Felipe Corridor and Alacran North
Consider placing San Juan Gold-Copper Zone (Noche Buena Mine) into production when gold and
copper prices improve
Consider putting Capire open pit silver mine back into production with possible larger processing plant
2017+ when silver prices improve
Continue exploration and expand mining activities with aim to grow IMPACT Silver into a
multimillion ounce precious metals producer
Identify and evaluate strategic corporate growth opportunities
26
The Road to Growth

1. Growth through incremental Production

Silver production has been increasing due to mining of higher silver grades
2. Growth through Underground Development
Improvement of underground access 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 expanding the high grade San Ramon Deeps Zone
Underground drilling is expanding zones in the Cuchara-Oscar Mine
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, San Juan and elsewhere
5. Growth through Metal Diversification
Mining and exploration of gold and copper zones beneath the known silver zones began 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 1,000+ tpd
7. Growth through Brownfields Exploration
Drill targets on high grade silver and gold zones have been defined and are ready for drilling
Over 4,500 historic mine workings have been catalogued demonstrating extensive exploration upside and the basis for defining future drill targets
8. Growth through Acquisitions and M&A

27
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

Suite1100 - 543 Granville Street

Corporate Address
Vancouver, BC, Canada V6C 1X8

28
Appendix I: San Ramon Deeps Drilling Highlights

A Selection of recent San Ramon Deeps Drilling Highlights

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

MPZ-202 Inmaculada 2 18.1 161 0.03 0.06 0.24

MPZ-203 Inmaculada 2 21.7 271 0.06 0.19 0.48
Including 11.0 402 0.10 0.27 0.67
Including 1.50 1,308 0.33 0.62 2.19
MPZ-204 Inmaculada 2 10.0 349 0.08 0.23 0.81
Including 6.41 465 0.12 0.32 1.18
MPZ-205 Inmaculada 2 14.8 481 0.14 0.27 0.80
Including 9.95 610 0.19 0.29 0.94
Including 0.98 1,714 0.30 0.72 2.59

The San Ramon Deeps Zone is a new mineralized shoot beside the original Upper San Ramon Zone
San Ramon Deeps remains open for expansion; drilling is continuing
See IMPACT Silver News Releases dated May 5, 2016 for details

29
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

30
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

A cross cut to the Condesa Zone is now under construction from the underground workings of the Cuchara Mine,
Mineral from Condesa is planned to augment production from the Cuchara, Oscar and Santa Lucia Veins in the Cuchara Mine by year end 2016
See IMPACT Silver News Release dated November 19, 2012 for details

31
 Appendix V: Capire Drilling Highlights

A Selection of Capire Drill Highlights

To Interval Pb Zn Cu
Drill Hole From (m) Ag (g/t) Au (g/t)
(m) (m) (%) (%) (%)
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 Releases dated October 25, 2012 for drilling details and March 3, 2016 for new Capire zone mineral resource estimate

32
 Appendix VI: 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

See IMPACT Silver News Releases dated December 4, 2008 and July 11, 2012 for details

33
34