EXPLORE. PRODUCE. PROFIT! APRIL 2012

TSX-V: IPT │ FRANKFURT: IKL │ ISIN: CA45257A1021

DISCLAIMER

Except for historical information, 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, without limitations, 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.

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.

INVESTMENT HIGHLIGHTS

EXPLORE. PRODUCE. PROFIT!

• Three 100% owned producing silver mines in Mexico

• Consistently profitable operations with six years of production & profitability

• Strong asset base with two adjacent 100%-owned districts

• Open-Pit Capire Project scheduled to commence pilot plant production in late 2012

• Recent discovery of potential new gold district in the Huatecosco Gold Project

• $7 Million, 35,000 meter exploration drill program for 2012

• 90% of revenues is pure, un-hedged silver

• Strong cash position with over CAD$30M and Zero Debt

1

FINANCIAL SNAPSHOT

Proven track record of

profitable & rapid mine

development

• Revenues have increased

247% from $7M in 2006 to

$24.3M 2011

• Earnings have increased

253% from $0.9M 2006 to

$7.6M 2011

• Earnings per share have

increased 300% from $0.03 in

2006 to $0.12 in 2011

2

PROJECT LOCATION MEXICO

100%-owned 623km² prolific

mining district spanning two

Mexican States

Zacualpan Silver District State of Mexico

• 423km² with three producing

mines & a 500 TPD Processing Plant

Mamatla Silver District State of Guerrero

• 200km² with open-pit mine scheduled for

pilot production late 2012

The project is located 100 km southwest of

Mexico City & 25 km northwest of the well-

known Taxco Silver Mine

3

HISTORIC CORE ASSET BASE

Nearly 500 years of Mining History

in the two Districts

• Over 2,500 old mine workings have been

mapped & currently being explored

• Systemic exploration identified the three

current producing mines, originally old mine

workings

• The skilled & successful IMPACT exploration

team holds a proven mine discovery &

development track record: • 2008 – Chivo Mine Development

• 2009 – San Ramon Mine Expansion

• 2010 – Noche Buena Mine Development

• 2011 – Capire Mine Development

• 2012 – Oscar Mine Development

4

GUADALUPE PROCESSING PLANT

5

500 TPD Guadalupe Processing

Plant located in the Zacualpan

District

• Flotation circuit capacity recently

expanded to accommodate additional

mineral feed

• Annual production levels of ~1 million

pure silver ounces

• Currently operating near capacity of

440 TPD

• Excellent infrastructure:

• Modern power grid

• Paved highway access

• Abundant water supply

• Highly qualified Mexican work force

MINES IN PRODUCTION

Three silver mines in Zacualpan

District feed the 500 TPD

Guadalupe Processing Plant

Chivo Mine • Mining began in 2007

• Medium grade epithermal silver veins

San Ramon Mine • Mining began in 2008

• High-grade epithermal silver veins

Noche Buena Mine • Mining began in 2010

• High-grade epithermal silver veins

• Excellent mining conditions, with

average silver grades of 200 g/t and a

historic average cost per ounce silver of

$7 net of lead and zinc credits

6

MINES IN CONSTRUCTION

Mines scheduled to move into

production

2012 Capire Open-Pit Mine • NI 43-101 Resource Estimate completed January 2011

• Pilot production of ~250,000 oz from 200 TPD mill

• Low-cost, open-pit mine in the Mamatla Mineral District

• Medium and high-grade VMS silver zones

• 5,000 meter expansion drilling program underway

2013 Oscar Mine • Corridor of multiple high-grade epithermal silver veins

• Being studied for production in 2013

2014 Capire Mine Expansion • Based on 200 TPD pilot plant operations, construction

of an 800 to 1,500 TPD Processing Plant is planned

Capire Open-Pit Mine construction commenced January

2012, production scheduled for late 2012

7

LONG TERM STRATEGY

8

To become a Multimillion Ounce Silver Producer with Multiple Processing Centers

1

4

3

2

Guadalupe Mining & Processing Centre

• Oscar Mine Project being studied for

production in 2013, will feed Guadalupe mill

• Ongoing high-grade silver exploration

• Current ore feed from Chivo, San Ramon &

Noche Buena Mines

Capire Mining & Processing Centre

• Capire Open-Pit Project scheduled for

production in late 2012 through 200 TPD

pilot plant

• 5,000 meter drill program underway to

determine size of permanent mill

Huatecosco Exploration Area

• Potential new gold district

• 15,000 meter expansion drill program

underway to determine economic feasibility

of future mill

• Significant drill results from multiple targets

Southeast Exploration Area

• Early exploration stage

• Currently mapping numerous historic old

mine workings

SILVER PRODUCTION

9

YE 2011 YE 2010 YE 2009 YE 2008

Silver (oz) 833,607 750,259* 823,571 645,668

Lead (t) 731 734 969 813

Zinc (t) 1,248 1,212 1,098 1,053

Revenue per production tonne sold $171 $123 $110 $90

Direct cost per tonne produced $70 $63 $60 $55

*Silver production was marginally down 9% because the Company reduced the cut-off grade of the ore mined due to higher silver prices in 2010

0

1

2

3

2012 2013 2014 2015

Pure Silver

Mill

ions (

Oz)

PRODUCTION FORECAST

• Silver production increased by 140% from 2007 - 2011

• Organic growth with low-cost production averaging $70 per

tonne or $7 per ounce of silver net of lead and zinc credits

• Revenue per tonne increased 90% vs. increase in

production cost of 27% from 2008 - 2011

CAPIRE OPEN-PIT PROJECT

CAPIRE PROJECT

Represents a new mining

and processing centre

• Construction of 200 TPD pilot

plant underway as of January 2012

• 2012 production projected at

200,000 to 300,000 silver ounces

from 200 TPD pilot plant

• Pilot plant operation will optimize

metallurgy and final plant size

10

CAPIRE OPEN-PIT PROJECT 5000 m Drill Program to

expand Capire Zone in

2012

• Numerous old mine workings & VMS

targets to be drilled in area surrounding

the Capire Zone

• Each triangle represents rock sample

containing 500 g/t silver and/or 10% zinc

• Multiple epithermal silver veins

discovered north of Capire Zone

• Capital expenditure for balance of

construction of Capire Project is budgeted

at $5M

11

CAPIRE OPEN-PIT MINE DESIGN

CAPIRE OPEN-PIT DEVELOPMENT PLAN

• 2012 200,000 to 300,000 silver ounce production from 200 TPD & 5,000 meter drill program

to expand the zone to the north, south and east

• 2013 In-house feasibility study for expanded plant sizing

• 2014 Construct 800 to 1,500 TPD processing plant

3D Model of

Capire Open-Pit

Areas of Phase 2 drill

program

Area of defined NI 43-101 Resources Open for expansion

Open for expansion

Open for expansion

Tailings Facility

Processing Plant Site

12

CAPIRE PROJECT

NI 43-101 RESOURCE ESTIMATE

13

Metal Content for Capire Project

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

• 5,000 meter drill program in 2012 to expand the Capire Zone

• Construction of the Capire Open-Pit Mine and installation of pilot plant commenced

January, 2012

MINE DEVELOPMENT OPPORTUNITIES

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OSCAR PROJECT

The Oscar Project is a

corridor of multiple high-grade

silver veins linking the past-

producing Cuchara & Santa

Lucia Mines

• High grade silver mineralization

occurs in multiple veins within

the corridor

• Drill results are being studied

with potential to fast track the

Oscar into production in 2013

OSCAR PROJECT

Oscar - Santa Lucia

Corridor Zacualpan District

• Pre-existing mining infrastructure and a

short transport distance to the Guadalupe

mill contribute to future low-cost mining

operations in this zone

• Mineralization connects to the north with

the large historic Cuchara Mine and to the

south with the new Santa Lucia zone

• Drill highlights of 291 g/t silver over 31

meter width and 1,007 g/t over 5.65 meter

width

DRILLING HIGHLIGHTS

OSCAR CORRIDOR

Drill Hole Interval

(m)

Ag

(g/t)

Au

(g/t)

Pb

(%)

Zinc

(%)

Z11-44 31 291 0.01 0.1 0.4

Including 0.3 6,730 0.20 1.5 8.0

Z11-46 5.7 1,007 0.07 0.5 1.1

Including 2.8 1,128 0.51 0.9 1.4

SANTA LUCIA ZONE

Z09-47 3.2 467 0.01 0.2 0.7

Z09-53 2.4 419 0.03 0.3 0.3

Z10-03 1.1 588 0.05 0.4 2.0

Including 1.7 394 0.07 1.1 1.6

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EXPLORATION OPPORTUNITIES

HUATECOSCO GOLD PROJECT

A potential new gold district

• The area is host to multiple targets:

• Huatecosco Central (Au, Ag)

• Huatecosco Pedro (Au, Ag)

• Carlos Pacheco (Au)

• Noche Buena (Ag)

• Pilarica (Au, Ag)

• San Juan (Au)

• Santa Teresa (Au)

• Expansion drilling of 15,000 meters in

2012 is underway to determine

economic feasibility of a future mill

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HUATECOSCO GOLD PROJECT

Huatecosco Gold Project • A large gold and silver vein system

discovered southwest of Guadalupe

Processing Plant

• Huatecosco is a major structure striking 16

km in length with multiple splays of gold-rich

mineralization

Carlos Pacheco Zone • Significant gold-copper drill results include

19.6 g/t gold across 2.9 meters

• Open at depth with expansion drilling

continuing to substantiate that a gold-

copper district lies underneath the

Zacualpan Silver District

17

DRILLING HIGHLIGHTS

HUATECOSCO GOLD PROJECT

Drill Hole Interval

(m)

Au

(g/t)

Ag

(g/t)

Cu

(%)

Zinc

(%)

Z11-20 9.5 3.97 48.7 -- 2.6

Including 4.2 6.96 84.3 -- 5.1

Z11-17 4.7 3.44 117.6 -- 0.8

Z11-48 4.1 5.22 30.1 0.7 1.8

Including 0.8 25.0 50.1 0.5 1.6

CARLOS PACHECO ZONE

Z08-68 2.9 19.6 68 0.3 0.1

Including 1.0 49.7 59 0.3 0.1

Z08-65 2.1 11.3 18 -- --

Including 1.2 18.8 24 -- --

MINE DEVELOPMENT PROCESS

• Targets are generated by mapping and sampling of old workings

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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

2,500

Mapped

Narrowed

down to

500+

Prospects

for follow up

• Condesa

• Huatecosco

• Pilarica

• Capire North

• Chivo

• San Ramon

• Noche

Buena

• Capire

• Oscar

• Santa Lucia

First Drill Hole to Production: 12 – 24 Months

5 STAGE MINE DEVELOPMENT PROCESS

(Chivo, San Ramon Extensions, Noche Buena)

$7 Million, 35,000 meter Exploration Drill Program in 2012

OPTION AGREEMENT

DEFIANCE SILVER CORP (TSX-V:DEF)

PRODUCTION • IMPACT optioned its Veta Grande Project in Zacatecas, Mexico, to

Defiance Silver Corp in September, 2011

• 200 TPD Santa Gabriela Processing Plant &10 mineral concessions

optioned to Defiance for cash and major share position

• Zacatecas Mineral District historical production is over 700M oz silver

PROJECTS Veta Grande Project • Planned production by mid 2013

• Veta Grande vein historically produced over 200M oz silver

San Acacio Mine • 10 concessions covering 746 Ha

• Defiance controls ~45% of the Veta Grande vein

• Currently defining feed for the Santa Gabriela plant

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San Acacio Mine

Santa Gabriela Processing Plant

CORPORATE SUMMARY

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YE 2011 YE 2010 YE 2009 YE 2008

Revenue $24.3 $16.7 $12.2 $8.9

Net Earnings $7.6 $3.4 $1.6 $.66

Cash Flow from Operations $10.2 $5.6 $4.4 $1.7

Cash & Cash Equivalents $30.8 $18.7 $5.3 $5.4

EPS $0.12 $0.07 $0.02 $0.01

Shareholder Breakdown

Institutional 30%

Retail 65%

Management 5%

Stock Information

• Recent Share Price $2.05

• Market Capitalization 139M

Largest Shareholders

• Sprott Asset Management 12%

• Energold Drilling Corp 11%

SHARE PRICE PERFORMANCE – One Year

Source: Yahoo Finance, March 2012

Recent Share Price: $2.05

Shares Outstanding – Basic: 68M

Shares Outstanding – Fully Diluted: 73M

52wk Range: $1.26 - $3.14

Avg Vol (3m): 120,000

Warrants: Nil

21

PROVEN PROFITABILITY

22

($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 Available

$28 Million $38 Million $30.8 Million

*Estimated projection based on in-house estimates

PROJECTED*

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

2006 2007 2008 2009 2010 2011 2012

Revenues

Earnings

Operating Cash Flow before changes in non-cash working capital

BOARD OF DIRECTORS

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. (TSX-V: EGD).

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

Director of Tirex Resources Ltd., Defiance Silver Corp., Rupert Resources Ltd. and Berkwood Resources.

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

Executive VP & COO of Bayswater Uranium Corp and Director of several TSX-V mineral exploration companies.

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

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

Peter Tredger (P. Eng, MBA) Director

Past 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.

23

2012 OUTLOOK

• Commence open-pit production at the Capire Project through the 200 TPD pilot plant

• Expand Capire Zone in the north, east and south directions with a 5,000 meter drill program

• Maximize production at the 500 TPD Guadalupe Processing Plant

• Complete Oscar Project production study, which is planned to feed high-grade silver ore to the 500

TPD Guadalupe Processing Plant

• Explore potential of the Huatecosco Gold Project and continue exploration of gold-copper and

silver targets with a 15,000 meter drill program

• Pursue accelerated growth through aggressive results-driven exploration and potential accretive

acquisitions

24

For more information, please contact

Meghan Brush, Investor Relations

1 604 681 0172 inquiries@impactsilver.com