October 2015
Forward Looking Statement Some of the statements contained in this presentation may be deemed forward-looking statements. These include estimates and statements that describe the Company s future plans, objectives or goals, and expectations of a stated condition or occurrence. Forward-looking statements may be identified by the use of words such as believes", "anticipates, expects, estimates, may, could, would, will, or plan. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, reclamation, capital costs, and the Company s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as but not limited to; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for the minerals the Company expects to produce; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company s activities; and changing foreign exchange rates and other matters discussed in this presentation. Persons should not place undue reliance on the Company s forward-looking statements. Further information regarding these and other factors, which may cause results to differ materially from those projected in forwardlooking statements, are included in the filings by the Company with securities regulatory authorities. The Company does not assume any obligation to update or revise any forward looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws, whether as a result of new information, future events or otherwise. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this presentation, that has been prepared by management. Robert Macdonald, MSc., PGeo. is the General Manager of Exploration for Southern Silver and is the Qualified Person responsible for the supervision and preparation of the technical information in this disclosure. 2
Southern Silver Exploration Corp. Southern Silver is an exploration company with projects in New Mexico and Mexico Exploration focus on the Cerro Las Minitas Project, Durango, Mexico Newly Optioned to Electrum Strategic Holdings LLC - US$5 million earn-in over 4 years for a 60% total interest Includes US$2 million exploration commitment for 2015-16 New targets identified Surface Exploration and 10,000 metre drill program in progress Significant Corporate Shareholders: Electrum Global Holdings L.P. 46% Radius Gold Inc. 11% 3
Mining Investment Opportunities in Mexico Largest silver producer in the world 144+ million oz/annum 2nd largest gold reserves in Latin America No limit of ownership of concession surfaces Favourable foreign investment policy and mining law Competitive cost structure for mineral exploration & production 500 years of mining history Significant quantities of copper, gold, lead & zinc Source: The Fraser Institute of Canada The Silver Institute, December 22, 2011 4
Faja de Plata Multiple world-class mineral deposits Penasquito (Goldcorp Inc.) P+P Reserves of 636.7Mt at 0.51g/t Au (10.55Moz) 29.7g/t Ag (611.17Moz) 0.31% Pb (3.76Blbs) and 0.75% Zn (9.1B lbs Zn) La Preciosa (Coeur Mining) P+P Reserves of 36.9Mt at 100.1g/t Ag (188.7Moz) and 0.17g/t Au (2925,000 oz Au) San Martin (Grupo Mexico) 40M tonnes produced, with average grade of 125g/t Ag, 1% Cu, 0.5% Pb and 3.8% Zn (1) Naica (Peñoles) P+P Reserves of 13.8Mt of 98.4g/t Ag (43.8Moz) and 0.03g/t Au (13,300oz) Pitarilla (Silver Standard) M+I resources of 260.3Mt of 83g/t Ag (694.5Moz) 1) Source: Megaw P.K.M., 1999, The High-Temperature, Ag-Pb-Zn-(Cu) Carbonate replacement deposits of central Mexico, in VMS and Carbonate Hosted Polymetallic Deposits of Central Mexico, BC and Yukon Chamber of Mines, January 1999, ed. Jambor J.L. pp 25-44 5
Cerro Las Minitas Property Summary 23,310m drilled since 2011 Historic small-scale production Target: +20Mt Ag-Pb-Zn deposit at 80-120g/t Ag, 4-8% Pb-Zn combined 1 New deposits identified; partially delineated 2011-14 Exploration Highlight : Discovery of the Blind Zone and El Sol high-grade Ag-Pb-Zn deposits; +800m cumulative strike length 6 1 The property s exploration potential is conceptual in nature and relies on projections of mineralization that are beyond the standard CIM classification of mineral resources. Currently no mineral resources or reserves exist on the property and the stated exploration potential should not be relied on as such.
Cerro Las Minitas - Infrastructure Superior Location and Infrastructure ~25km Source: Google Earth, Map Data: INEGI, Google, Cnes/Spot Image, Bluesky, Accessed June 9 th, 2015 Located just 70km NE of the city of Durango (population 631,712) Highway, road access and power lines Surrounded by significant Mineral Deposits 7
Cerro Las Minitas - Overview Looking North from the Autopista Blind Zone (High-grade Discovery) El Sol Zone (Deep high-grade Discovery) Mina Santo Niño (Target) South Skarn (Target) Mina La Bocona Extension (New Discovery) 8
Cerro Las Minitas Exploration and Discovery Breaking News: 15CLM-078 Hits High-Grade Gold and Silver W New Discovery E Work Completed by Southern Silver/Option partners from 2011-14: 75 core holes totaling of 23,310m Surface geochemical and biogeochemical sampling Airborne Magnetics IP/Gravity geophysics District-scale, high-grade Ag-Pb-Zn- Au-Cu mineralizing system around central intrusion Two high-grade deposits already identified and delineated to +800m cumulative strike-length New Discovery 1.25km east of the Blind - El Sol deposits Numerous other undeveloped Skarn and Porphyry targets 9
Cerro Las Minitas Exploration and Discovery +10,000 metre Drill Program 2015 Drilling Progress: 3600 metres completed in six holes Multiple Targets tested Cross Section - 15CLM-078 (50m corridor looking northwest) New Discovery 15CLM-078: Collared ~350 metres outboard of Mina La Bocona previously unrecognized mineralized structures Upper high-grade oxide gold zone inc: 7.8m (3.9m ett) avg 13.5g/t Au, 37g/t Ag 3.9%Pb/Zn Gold enriched massive sulphides deeper in the hole open at depth Only hole to test these structures, open at depth and on strike 10
Cerro Las Minitas Exploration and Discovery 2015 Selected Assay Composites - Cerro Las Mintas Project CLM-078: Drill Results High-grade Sulphide Mineralization Hole # From To Interval Est.Tr.Thck. Ag Au Cu Pb Zn AgEq (m) (m) (m) (m) (g/t) (g/t) (%) (%) (%) (g/t) 15CLM-076 456.0 458.2 2.2 1.6 56 0.1 0.0 1.4 1.8 172 inc. 457.0 458.2 1.2 0.9 90 0.0 0.0 2.2 3.0 273 and 541.1 542.1 1.0 0.7 51 0.0 0.1 1.2 4.1 239 15CLM-077 269.2 273.8 4.6 2.5 47 0.0 0.0 1.2 0.7 113 inc. 270.9 272.1 1.2 0.6 137 0.0 0.0 3.6 1.0 296 and 337.0 339.5 2.5 1.3 179 0.1 0.2 2.4 1.1 304 inc. 337.0 338.8 1.9 1.0 236 0.1 0.3 3.1 1.2 394 and 451.5 469.1 17.6 9.4 16 0.0 0.1 0.7 0.7 68 inc. 459.0 460.5 1.4 0.8 33 0.0 0.2 1.4 2.2 160 and 712.6 715.1 2.4 1.3 391 0.0 0.0 2.6 0.8 511 inc. 712.6 713.3 0.6 0.3 1380 0.1 0.0 7.9 2.4 1745 15CLM-078 77.8 85.6 7.8 3.9 37 13.5 0.0 2.2 1.7 1093 inc. 77.8 79.7 1.9 1.0 74 27.7 0.0 6.4 3.5 2308 and 195.0 211.5 16.5 8.2 150 0.5 0.0 3.4 0.7 325 inc. 196.1 200.3 4.2 2.1 354 1.1 0.0 7.9 0.7 724 inc. 196.1 196.9 0.8 0.4 1170 1.1 0.0 21.9 1.2 2042 and 221.2 232.3 11.1 5.6 236 0.8 0.0 3.7 1.7 473 inc. 222.2 228.7 6.5 3.3 365 1.3 0.0 5.7 2.2 723 inc. 222.2 224.2 2.0 1.0 808 2.3 0.0 12.4 3.0 1495 and 235.7 237.6 1.9 1.0 425 0.0 0.1 4.0 1.2 458 inc. 236.5 236.8 0.3 0.2 2430 0.0 0.4 53.5 5.7 4469 and 248.0 252.1 4.1 2.1 200 0.0 0.0 3.4 0.5 338 inc. 249.0 250.0 1.0 0.5 601 0.1 0.0 10.7 1.2 1015 and 255.4 262.6 7.2 3.6 584 0.2 0.1 10.4 1.4 1001 inc. 255.4 259.9 4.5 2.2 903 0.2 0.1 16.1 2.2 1547 and 324.4 331.7 7.3 3.7 291 0.2 0.0 7.1 0.9 577 inc. 327.4 331.7 4.3 2.2 454 0.2 0.0 11.2 1.2 897 Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP analysis, High silver overlimits (>1500g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. High Pb overlimits (>20%) assayed by titration. AgEq was calculated using the approximate 2 year trailing average metal prices as of September 25, 2015: US$18.2/oz silver, US$1240/oz gold, US$2.8/lbs copper and US$0.9/lbs lead and US$0.9/lbs zinc. AgEq calculations did not account for relative metallurgical recoveries of the metals. 11
Cerro Las Minitas Schematic Cross-Section of Metal Zoning and Deposit Types Relatively shallow and localized drilling means that significant exploration upside remains Ag Ag-Pb-Zn Cu-Au Ag-Pb-Zn Ag 12
Cerro Las Minitas Mina Santo Niño Historical Small Scale Production Mina Santo Niño / Puro Corazon Drill core - 11CLM-006: Mina Santo Niño Santo Niño Waste Dumps - Site Visit 2013 13
Cerro Las Minitas Modelling and Targeting New discoveries at Cerro Las Minitas Reveal Extensive High-Grade Ag-Pb-Zn Resource Potential on the Property EL SOL ZONE BLIND ZONE View looking North Blind Zone / El Sol Zone Plan view Blind Zone / El Sol Zone showing +800 metre cumulative strike of the modelled mineralized zones Modelling criteria: 80g/t AgEq cut-off (inc. Ag-Au-Pb-Zn-Cu); nominal 80-100mspacing of intercepts, 2m minimum thickness Blind zone: comprises 4 sub zones with a cumulative 820m strike, partially tested to 350m depth El Sol structure: comprises a Ag-rich upper portion and a Zn-rich lower portion, up to 10 sub-zones identified over an approximate 300m cumulative strike. Tested to 600m depth 14
Cerro Las Minitas Select intercepts from the Blind Zone and other Targets From To Interval Est. Tr. Thk. Ag Au Cu Pb Zn AgEq Hole No. m m m m g/t g/t % % % g/t BLIND ZONE TARGET 11CLM-008 168.4 171.4 3.0 1.5 895 0.2 0.0 13.8 11.6 1584 inc. 169.6 171.4 1.8 0.9 1400 0.3 0.0 19.7 14.5 2328 11CLM-011 65.8 68.4 2.6 1.9 179 0.1 0.3 5.6 6.6 537 131.6 136.6 5.0 3.6 224 0.4 0.0 4.2 5.8 512 inc. 134.5 135.6 1.2 0.8 540 0.5 0.1 9.5 18.7 1325 11CLM-012 109.2 111.4 2.2 1.6 259 0.1 0.9 9.1 11.8 902 inc. 109.2 110.1 0.9 0.6 336 0.2 1.4 12.7 12.2 1134 11CLM-016 152.4 164.1 11.7 6.5 114 0.0 0.2 3.3 4.9 349 inc. 158.2 159.8 1.6 0.9 390 0.1 0.5 11.9 17.1 1209 11CLM-018 209.3 212.4 3.1 2.1 209 0.0 0.5 6.5 6.5 599 11CLM-023 293.8 320.5 26.7 18.4 69 0.1 0.1 1.9 2.3 194 inc. 300.1 312.5 12.4 8.6 134 0.1 0.2 4.0 4.5 380 inc. 310.0 311.6 1.6 1.1 404 0.0 0.4 13.2 11.5 1093 11CLM-027 220.2 223.6 3.4 1.3 146 0.0 0.1 6.4 3.5 417 11CLM-032 378.4 382.1 3.7 2.0 159 1.5 0.1 4.1 4.5 475 inc. 378.4 380.7 2.3 1.3 204 2.0 0.1 5.0 5.1 586 12CLM-041 138.5 143.1 4.6 3.1 203 0.0 0.3 4.9 4.2 472 inc. 141.9 143.1 1.2 0.8 499 0.1 0.4 10.4 10.4 1092 12CLM-043 177.8 182.0 4.2 3.2 145 0.0 0.4 2.7 2.0 305 inc. 180.6 182.0 1.3 1.0 398 0.0 1.1 7.3 6.2 861 12CLM-047 162.6 167.0 4.4 3.0 186 0.0 0.2 5.6 4.6 471 inc. 162.6 165.5 2.9 2.0 254 0.0 0.2 7.8 4.9 609 12CLM-051 50.9 70.9 20.0 14.7 143 0.0 0.0 2.4 0.6 228 inc. 60.7 66.9 6.2 4.6 238 0.1 0.0 3.2 0.1 332 inc. 63.0 63.9 0.9 0.7 833 0.1 0.0 8.8 0.1 1079 12CLM-054 169.0 170.7 1.7 1.2 230 0.0 0.2 6.2 9.3 663 12CLM-056 12.7 18.4 5.7 4.0 335 0.1 0.8 16.3 4.5 966 inc. 13.6 17.8 4.2 2.9 409 0.1 1.0 20.5 4.0 1161 13CLM-066 88.4 97.5 9.2 3.1 401 0.1 0.1 8.5 5.1 777 inc. 92.9 97.5 4.6 1.6 727 0.2 0.1 13.5 7.0 1289 inc. 92.9 95.0 2.1 0.7 1190 0.2 0.0 21.6 13.0 2120 From To Interval Est. Tr. Thk. Ag Au Cu Pb Zn AgEq Hole No. m m m m g/t g/t % % % g/t SOUTH SKARN TARGET 12CLM-055 180.6 200.7 20.1 12.5 13 0.8 0.0 0.3 0.2 67 inc. 193.7 198.0 4.3 2.7 28 2.8 0.0 0.5 0.3 200 224.1 228.4 4.3 2.7 89 1.4 1.8 0.1 0.2 342 13CLM-068 285.4 299.3 13.9 8.4 136 0.2 0.0 2.4 1.3 250 inc. 285.4 287.8 2.4 1.5 546 0.2 0.1 10.3 3.8 943 307.0 307.9 0.9 0.5 1140 0.4 0.1 18.1 21.0 2207 13CLM-069 380.5 382.7 2.2 1.2 225 0.7 0.2 3.5 0.5 385 EL SOL ZONE 11CLM-006 215.5 223.3 7.8 4.2 221 0.1 0.1 6.2 2.1 455 inc. 221.5 223.3 1.8 1.0 650 0.4 0.1 16.0 0.8 1128 11CLM-027 0.6 25.4 24.8 9.3 124 0.0 0.1 1.9 2.1 239 9.0 11.8 2.8 1.1 404 0.0 0.0 1.4 2.5 509 12CLM-034 63.0 115.5 52.5 26.8 16 0.0 0.0 0.5 0.6 48 inc. 79.5 81.2 1.7 0.8 119 0.0 0.2 3.3 3.9 325 170.7 172.2 1.5 0.7 338 0.0 0.5 11.1 15.9 1096 12CLM-044 57.6 83.6 26.1 17.3 67 0.0 0.1 2.8 3.3 239 inc. 71.0 72.8 1.8 1.2 163 0.0 0.4 6.9 8.8 619 and inc. 78.3 80.7 2.5 1.6 153 0.1 0.1 6.3 7.5 531 13CLM-066 534.6 585.2 50.6 8.9 40.8 0.0 0.0 0.7 5.3 202 inc. 573.0 585.2 12.2 2.1 45.1 0.0 0.0 1.7 10.8 379 633.3 642.6 9.3 1.6 9.4 0.0 0.1 0.1 13.0 369 inc. 638.2 640.4 2.1 0.4 13.6 0.0 0.4 0.0 20.6 597 MINA SANTO NIÑO 11CLM-006 410.5 411.3 0.7 0.4 162 0.0 0.4 2.1 10.4 529 424.2 427.9 3.7 2.2 184 0.0 2.0 0.3 18.4 864 Analyzed by FA-ES/AA for gold and ICP-MS by ALS Chemex, Vancouver BC; Silver overlimits (>100g/t Ag) re-assayed with FA-Grav. AgEq calculation uses values that approximate the three year trailing average of the contained metals: $23.3 silver, $1250 gold, $3.15 copper and $0.9 lead and $0.9 zinc. AgEq calculations did not account for relative metallurgical recoveries of the metals. 15
Cerro Las Minitas New Drill Targeting A Focus on Discovery Up to 10,000 metres of drilling for 2015 which will focus on: The aggressive expansion of high-grade mineralization at the Blind - El Sol mineral zones; New targets on the margins of the Central Monzonite Intrusion: Mina La Bocona; and North Skarn zone; Additional areas: Regional Targets prioritized by surface geochemistry program 16
Cerro Las Minitas Near Term Exploration Potential Step-Out Drilling From the Blind and El Sol Zones Identification of strong mineralization to 600 metres depth at the El Sol zone highlights the potential at depth of all targets on the Cerro Las Minitas property 17
Cerro Las Minitas 2015 Property Scale Exploration Targeting New Discoveries Airborne magnetic and multi-element biogeochemical surveys highlight the District Scale potential of the property over a 25km strike length Orientation Surveys in the areas of known mineralization provide a baseline for property wide exploration Up to 3000 metres of drilling to test wildcat targets 18
Cerro Las Minitas - 2015 Looking Forward US$2 million exploration program in progress +10,000 m drill program to focus on aggressive expansion of known mineralization to depth and along strike Focus on New Discoveries in the area of the Cerro and other district-wide targets Property-wide follow-up of acacia biogeochemical anomalies and airborne magnetics which highlight areas for potential new discoveries Cerro Las Minitas Property Core Sample - 2012 Drill Rig Site Visit 2012 19
Oro Property - New Mexico Option exercised Aug 13 100% owned by SSV Transitional from Faja de Plata to the Arizona Copper Belt 11.9 sq. km comprised of: 8 mineral patents 2 state leases Geology Favorable for Large (1) Porphyry Discovery Laramide age intrusive rocks cover much of the property Multiple historic small-scale mines in the area Infrastructure Road access via paved highway Located 55km south of Lordsburg, New Mexico, in the Little Hatchet Mountains (1) Target is deposit similar to El Chino ( P+P reserves of 301Mt of 0.38%Cu) or Tyrone (P+P reserves of 59Mt at 0.32% Cu) (2) All Reserves on this page are derived from company annual reports and are as of December 31 st, 2014 20
Oro Property Historic mining district from the early 1900s; multiple high-grade targets Rock Samples 4.8g/t Gold 3.2g/t Gold 1.8g/t Gold Stock Pond Gold Target Lead-Zinc-Copper Skarn Mineralization Deposit types New bulk tonnage, near surface gold target (Stock Pond Gold) Copper porphyry/skarn potential at depth Classic porphyry system zonation 3km x 2km quartz-sericite-pyrite alteration footprint, with potential unexposed porphyry center. surface gold and copper mineralization associated with Laramide-age intrusions in core area lead-zinc skarn mineralization and sediment-hosted gold occurrences on flanks. 2015 Exploration Program Geophysics porphyry target Target identification through geophysics followed by drilling Drill testing - Stock Pond gold target 21
Corporate Information Capitalization Share Ownership Contact Information Shares Outstanding 54,483,436 Options Outstanding 5,072,700 Warrants Outstanding 33,994,215 Fully Diluted Management & Close Associates Management and Associates ~10% Electrum Global Holdings L.P. 46% Radius Gold Inc. 11% 93,758,401 Senior Management Email: info@mnxltd.com Tel: 604.641.2759 Southern Silver Exploration Suite 1100-1199 West Hastings St. Vancouver, BC, V6E 3T5, Canada Southern Silver Exploration is a Manex Resource Group Company that benefits from shared expertise in corporate finance, technical and geological services, investor relations, and public company administration. Lawrence Page, QC, President, Director, Corporate Secretary Graham Thatcher, CFO Robert Macdonald, General Manager, Exploration Eugene Spiering Director Larry Buchanan - Director Peter Cheesbrough Director D. Roger Scammell Director Nigel Bunting - Director www.southernsilverexploration.com 22