CORPORATE PRESENTATION DECEMBER 2011 IPT TSX-V

CAUTIONARY DISCLAIMER

Except for historical information, this presentation may contain forward-looking statements. These

statements involve known and unknown risks, uncertainties, and other factors that may cause the

Company’s actual results, levels of activity, performance or achievements to be materially different from any

future results, levels of activity, performance or achievement expressed or implied by these forward-looking

statements.

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.

George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101,is

responsible for the technical information in this presentation.

2

PROJECT LOCATION

• Two Adjacent Mineral Districts: The 423 sq km Royal Mines of

Zacualpan & 200 sq km Mamatla Silver Districts are located in the

southern portion of the Mexican Silver Belt

3

PROJECT OVERVIEW

• 100% owned

623 km2 districts

• District production

began 1527

• 1975-2009 over

34 million Silver

equivalent ounces

produced

• 2,000+ old mine

workings in GIS

database

(July 2011)

4

SUMMARY OF EXISTING OPERATIONS Excellent

Mining

Environment

Existing Facilities

Proven Track

Record

• Modern power grid

• Paved highway access

• Abundant water supply

• Trained work force

• Three mines feed a central 500 tpd processing plant: currently at 427 tpd

• Have 200 tpd pilot plant for Capire mine expansion

• Took ownership in 2006 and been profitable annually ever since

• Silver production increased from cash flow by 209% from 2007-2010 with

low cost production (avg. $60 per tonne)

• Revenue per production tonne sold increased by 37% while direct costs

per tonne marginally increased by 15% (fiscal years 2008-2010)

5

• No environmental issues

• No security issues

• 3 hour drive from Mexico City

9 Months Ended

Sept 30th 2011 Dec 31st 2010 Dec 31st 2009 Dec 31st 2008

Silver Production (oz) 663,853 750,259* 823,571 645,668

Lead (t) 589 734 969 813

Zinc (t) 1000 1,212 1,098 1,053

Revenue per production tonne sold $207.70 $123.25 $109.51 $89.89

Direct cost per tonne produced $75.52 $63.29 $60.39 $54.80

*Silver production was marginally down 9% because the Company revised cut-off grades and mined

more medium grade ore because of high Silver prices during the fiscal year.

GUADALUPE 500 TPD

PROCESSING PLANT

6

• Continuing upgrades to optimize 500 tpd capacity

GROWTH STRATEGY

1. GUADALUPE MINING &

PROCESSING CENTRE • Main production area

2. CAPIRE MINING & PROCESSING

CENTRE • Next development project

• New open pit mine

3. HUATECOSCO GOLD & SILVER

EXPLORATION PROJECT • Expand on gold mineralization targets

4. SOUTHEAST EXPLORATION

PROJECT • Early stage exploration

7

Become a Multi-million Ounce Silver Producer With Multiple Production Centres

1

4 3

2

1. GUADALUPE MINE &

PROCESSING CENTRE

CHIVO MINE

• Flagship mine

SAN RAMON MINE

• High grade

epithermal silver

vein with recent

discovery of large

stockwork zone

NOCHE BUENA MINE

• Newest addition to

production profile,

commenced in April

2010

8

Three mines feed the 500 tpd Guadalupe Processing Plant

CHIVO MINE

• Chivo is IMPACT Silver’s flagship producing mine

• Discovered in late 2005, commenced production in November 2007

• Rapid mine development: production within 24 months

• High grade epithermal Silver vein with by-product Lead & Zinc

• Main producing mine

9

CHIVO MINE

Drilling Highlights

Drill Hole Est. TW (m) Ag (g/t) Ag (oz/t) Au (g/t) Zn (%) Pb (%)

Z08-13 1.9 3,902 114 1.34 3.96 2.16

Including 0.6 11,463 334 3.46 10.25 5.02

Z08-25 3.2 865 25 0.41 3.73 3.90

Including 1.6 1,765 51 0.81 6.42 7.56

Z08-11 3.2 793 23 0.21 4.23 3.27

Including 1.1 1,792 52 0.46 8.73 7.25

Scoop Tram hauling

ore from Chivo Mine CHIVO MINE

Drilling Highlights

Drill Hole Est. TW (m) Ag (g/t) Ag (oz/t) Au (g/t) Zn (%) Pb (%)

Z08-13 1.9 3,902 114 1.34 3.96 2.16

Including 0.6 11,463 334 3.46 10.25 5.02

Z08-25 3.2 865 25 0.41 3.73 3.90

Including 1.6 1,765 51 0.81 6.42 7.56

Z08-11 3.2 793 23 0.21 4.23 3.27

Including 1.1 1,792 52 0.46 8.73 7.25

SAN RAMON MINE

• San Ramon is located 1.3 km south of Chivo Mine

• High grade epithermal silver vein with historic grades of 5,000 g/t silver

in upper levels

• Restarted mining at San Ramon in 2008

• Expansion of production now starting based on discovery of 20m wide

stockwork zone on Level 5

10

San Ramon Mine Portal

NOCHE BUENA MINE

• Discovery hole drilled

in December 2008

• Initial production achieved in

March 2010

• Rapid development: production

within 15 months

• Open for expansion will goal to

become main producer

11

NOCHE BUENA SILVER ZONE

Drilling Highlights

Drill Hole True Width (m) Ag (g/t) Au (g/t)

Z09-43 3.2 1,078 0.5

Including 0.9 2,460 0.9

Z09-39 3.8 497 0.1

Z09-39 3.7 499 0.1

Including 2.9 618 0.1

Z09-27 4.0 368 0.3

Z09-20 4.6 280 0.3

Z09-12 4.0 319 2.0

Noche Buena Mine Portal

2. THE NEXT MINING DISTRICT -

CAPIRE VMS SUBDISTRICT

• Pilot Plant operations

planned for early 2012.

• Initial target ~300K oz

silver p.a.

• Development Plan for

full operating mine

targeting expanded

production pending

drilling program

results.

12

CAPIRE VMS SUBDISTRICT

• 100% owned;

200 km2 District

• NI 43-101 Mineral

Resource Estimate

on Capire Project

• Northeast quadrant

hosts gold and

silver veins

• Southeast quadrant

hosts veins and

VMS deposits

• Numerous drill

ready targets

13 Refer to Slide 4: Property Holdings Map.

NI 43-101 RESOURCE ESTIMATE

• 10,000m drilling program: 3,000m expansion and site preparation

drilling now begun

• Capire Deposit mineralization expanded to the north and southeast

zones

14

Metal Content for Capire + Aurora 1

Ag (oz) Au (oz) Cu (lbs) 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

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 Classified Mineral Resources – Measured + Indicated and Separate Inferred

Domain Classification Tonnes Ag (g/t) Au (g/t) Cu (%) Pb (%) Zn (%)

Capire Measured + Indicated 3,104,944 46.46 0.19 0.06 0.33 0.93

Aurora 1 Measured + Indicated 1,807,302 44.50 0.199 0.07 0.36 0.80

Grand Total Measured + Indicated 4,912,246 45.74 0.193 0.06 0.34 0.88

Grand Total Total Inferred 371,066 36.54 0.161 0.06 0.28 0.71

CAPIRE MINE DEVELOPMENT

PROJECT

DEVELOPMENT PLANS

• 2011: Mine planning/permitting, and 200 TPD Pilot Plant construction

• 2012: Initial estimated Silver production of 300,000 ounces and growing

Inhouse feasibility for expanded plant sizing

3D model of planned

Capire open pit

Area of Phase 2 drill

program

Area of defined NI43-101 Resources

Open for expansion

Open for expansion

3D SURFACE MODEL

Open for expansion

Proposed Tailings Facility

Planned Processing

Plant Site

3. HUATECOSCO GOLD & SILVER

PROJECT

• Carlos Pacheco was the first gold-copper target to be drilled

• Gold-Copper mineralization found in deeper parts of Silver vein system

• Drill program focused on more targets: Huatecosco Area

16

DRILLING HIGHLIGHTS

CARLOS PACHECO

Drill Hole True Width

(m)

Au

(g/t)

Ag

(g/t)

Cu

(%)

Zinc

(%)

Z08-68 2.9 19.6 68 0.29 0.11

Including 1.0 49.7 59 0.31 0.14

Z08-65 2.1 11.3 18 -- --

Including 1.2 18.8 24 -- --

HUATECOSCO

Z11-20 9.48 3.97 48.7 N/A 2.62

Including 4.24 6.96 84.3 N/A 5.11

Z11-17 4.74 3.44 117.6 N/A 0.81

EXPLORATION PROCESS

• Targets are generated by mapping and sampling of old workings

• Greatly expanded program of exploration drilling for 2011

17

Identify and

Map Old

Mines and

Workings

Phase 1 & 2

Drilling

Mine

Planning,

Permitting

and

Construction

Surface and

Underground

Sampling,

Detailed

Mapping

Production

More than

2,000

Mapped

250+

Prospects

•Golondrinas

•Huatecosco

•Pilarica

•Cruz Blanca

•Chivo

•San Ramon

•Noche

Buena

•Capire

•Santa Lucia

First Drill Hole to Production

12 – 24 Months

5 STAGE DEVELOPMENT PROCESS

ZACATECAS OPTION

Production

• 200 tpd processing plant and

10 mineral concessions optioned

to Defiance Silver Corp. (DEF.V)

for major shareholder position

and cash

• Historical production in district of

over 1 billion oz of Silver

Exploration

• Nueva Granada Mine

o Old mine dumps returned

100-400g/t silver

• Cristian Mine

o Samples from surface dumps

returned 310g/t Ag, 24% Pb, 8%

Zn

• San Pascual Mine

o Samples from surface dump

returned 875 g/t Ag

• Defiance Silver recently announced

nearby, near term production

acquisition

18

PROVEN LEADERSHIP

Frederick W. Davidson (CA) President, CEO & Director

Held senior management positions with Erickson Gold Mines Ltd. and TOTAL Energold Corp. Part of the

management team that took both the Erickson and Mt. Skukum Gold mines from discovery to production.

Currently President of Energold Drilling Corp. (EGD: TSX-V).

George A. Gorzynski (P.Eng) VP Exploration & Director

Director of Tirex Resources Ltd., Rupert Resources Ltd. and Consolidated Spire Ventures Ltd.

H. Walter Sellmer (P.Geo) Director

Held senior management positions with Amax Exploration, Canamax Resources and TOTAL Energold Corp.

Victor A. Tanaka (P.Geo) Director

Held senior positions with Teck Cominco, Asamera, Freeport McMoran, Aber Resources, Major General

Resources and Canarc. Participated in the discovery of Polaris and Sunrise Mines.

Richard J. Mazur (P. Geo, MBA) Director

Holds senior positions in Alto Ventures Ltd. and Forum Uranium Corp.

Peter Tredger (P. Eng, MBA) Director

Vice President of Thompson Creek Metals Company Inc. and held senior management positions at Glencairn

Gold Corp. and Wheaton River Mineral Ltd.

Jean-Pierre Boutin (MBA) Director

President and Money Manager in a private equity firm in Greenwich, Connecticut, former Treasurer of Xerox

Corporation, Emerging Markets.

19

BOARD OF DIRECTORS

PROFITABILITY

20

($C

DN

)

Year

Capital Expenditure Use Efficiency ($CDN)*

Total funds raised since start of

operations in January, 2006

Property payments, plant & equipment,

and exploration expenditures

Cash in the bank

$28 Million $38 Million $34 Million

**Estimated projection based on in house estimates

$(5,000,000)

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

2006 2007 2008 2009 2010 2011

Revenue

Net Earnings

Operating Cash Flow

CORPORATE SUMMARY

• Recent share price: $1.75

• Market capitalization: $120 million

• Shares Outstanding: 69 Million (72 Million Fully Diluted)

• Long-Term Debt: Nil

• Energold Drilling (EGD: TSX.V) owns 6.87 Million shares

• Institutions hold 30% of shares outstanding

• Listings: TSX.V:IPT / Frankfurt: IKL / ISIN: CA45257A1021

21

Year Ended (‘000,000s $CDN except EPS)

9 Months Ended

Sept 30th 2011

Dec 31st

2010

Dec 31st

2009

Dec 31st

2008

Revenue $19.4 $16.7 $12.2 $8.9

Net Earnings $6.9 $3.4 $1.6 $.66

Cash Flow from Operations $9.1 $5.6 $4.4 $1.7

Cash & Cash Equivalents $32.6 $18.7 $5.3 $5.4

EPS $0.11 $0.07 $0.02 $0.01

SHARE PRICE PERFORMANCE – 1 YEAR

LONG TERM GROWTH STRATEGY

1. GUADALUPE MINING &

PROCESSING CENTRE • Now operating; fed by 3 mines ~ 1 million oz.

silver eq. p.a.

• Exploration on potential new mine targets

2. CAPIRE MINING & PROCESSING

CENTRE • Pilot Plant operations planned for early 2012.

• Initial target ~300K oz silver p.a.

• Development Plan for full operating mine to

targeting expanded production pending drilling

program results

3. NOCHE BUENA MINING &

PROCESSING CENTRE • First mine began production in April 2010; at

present ore sent to Guadalupe plant

• Exploring gold as well as silver potential here

4. SOUTHEAST MINING &

PROCESSING CENTRE • Future exploration - many historic mine

workings.

23

Become a Multi-million Ounce Silver Producer With Multiple Production Centres

1

4

3

2

PLANS FOR 2011

• Ramp up Zacualpan production to 500 tpd with expanded production

from Noche Buena Mine and San Ramon (COMPLETED)

• Place Capire Mine into production initially on a 200 tpd pilot plant basis

• Recent $15 million financing will allow accelerated growth through

expanded exploration and potential acquisitions

• Continue implementing long term vision of multiple processing plants

throughout the districts each fed by multiple mines

24

For more information please contact us via

Phone:604-681-0172

Email: inquiries@impactsilver.com

PLANS FOR 2011

• Ramp up Zacualpan production to 500 tpd with expanded production

from Noche Buena Mine and San Ramon (COMPLETED)

• Commence construction at the Capire Mine prior to putting into

production in early 2012 on an initial 200 tpd pilot plant basis

• Recent $15 million financing will allow accelerated growth through

expanded exploration and potential acquisitions

• Expand exploration at Huatecosco Project and Oscar Project

• Continue implementing long term vision of multiple processing plants

throughout the districts each fed by multiple mines

25

For more information please contact us at:

604-681-0172

inquiries@impactsilver.com