Apollo Silver (APGO) Corporate presentation summary

Investment highlights and strategic positioning

• Holds two major silver assets in North America, both in mining-friendly jurisdictions with strong local and federal support for responsible mineral development and permitting processes.

• Accepted into the U.S. Defense Industrial Base Consortium, strengthening its position in critical mineral supply chains.

• Management team has a track record of over $2 billion in mining transactions and multiple major discoveries and exits.

• Institutional holdings at 33.4%, with a market capitalization of C$254M and no debt as of March 2026.

• Trades on TSX-V, OTCQB, and FSE, with strong analyst coverage and active trading volume.

Project portfolio and resource estimates

• Calico Project in California is the second largest undeveloped primary silver deposit in the U.S., with 125 Moz measured & indicated and 58 Moz inferred silver, plus significant barite, zinc, and gold resources.

• Calico's updated 2025 MRE shows a 61% increase in M&I tonnage and 14% increase in contained silver, with strong resilience to metal price shifts.

• Waterloo and Langtry properties host additional critical minerals: 2.7 Mt barite and 354 Mlbs zinc (indicated), 0.65 Mt barite and 258 Mlbs zinc (inferred), and 130,000 oz inferred gold.

• Cinco de Mayo Project in Chihuahua, Mexico, has a historical inferred resource of ~154 Moz AgEq at 385 g/t, plus significant lead, zinc, and gold, and a separate high-grade molybdenum-gold resource.

• Both projects are near infrastructure and benefit from favorable permitting and regulatory environments.

Development plans and milestones

• Calico Project's 2026 plan includes 4,500m core drilling, baseline permitting, metallurgical and geotechnical work, and a 1,000m drill program targeting gold.

• Exploration focus on expanding gold mineralization at Calico, with surface sampling returning up to 211 g/t Au and over 1km of strike length defined.

• Cinco de Mayo's advancement is contingent on securing social license, with a staged option agreement requiring 20,000m of drilling and equity issuance to Pan American Silver.

• Upcoming catalysts include community engagement, drill planning, permitting, and a major drill program through 2026.

• Historical metallurgical tests at Cinco de Mayo indicate promising recoveries for silver, lead, zinc, gold, and molybdenum.