Where EXPERIENCE meets OPPORTUNITY-discovery is our business-

Investor Presentation – September 2021

www.highlandersilver.com

Flagship Project – ALTA VICTORIA

-LOCATED IN WORLD CLASS SILVER DISTRICT-

-PAST PRODUCTION 1.5B OZ SILVER-

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DISCLAIMERThis corporate presentation contains “forward looking information” which includes statements with respect to the future financial or operating performance of Highlander Silver Corp., its subsidiaries and its projects, the future price of precious and base metals, the estimation of mineral resources, operating and exploration expenditures, costs and timing of development of new deposits, costs and timing of future exploration, requirements for additional capital and title disputes or claims. Forward looking statements can be identified by the use of words such as “plans” or “targets” or variations (including negative variations) of such words and phrases. Forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Highlander Silver Corp. and/or its subsidiaries to be materially different from any future results, performance, or achievements expressed or implied by the forward looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of precious and base metals, possible variations of ore grade or recovery rates, failure of plant, equipment, or processes to operate as anticipated, accident, labour disputes and other risks of the mining industry, and delays in obtaining governmental approvals or financing, or in the completion of development or construction activities. Although Highlander Silver Corp. has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements contained herein are made as of the date of this corporate presentation. There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Highlander Silver Corp. undertakes no obligation to update forward looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. Accordingly, the reader is cautioned not to place undue reliance on forward looking statements.

CAUTIONARY STATEMENT:

This corporate presentation contains scientific and technical information with respect to adjacent or similar mineral properties to the Company's mineral properties, which the Company has no interest in or rights to explore. Readers are cautioned that any information regarding mineral resources, geology, mineralization, and production history on adjacent or similar properties is not necessarily indicative of the mineralization on the Company's properties.

All scientific and technical information disclosed on the Alta Victoria Project is referenced from the NI 43-101 Technical Report on the Alta Victoria Polymetallic Property with an effective date of April 30, 2021. The Technical Report was filed on SEDAR on August 16, 2021 under Highlander Silver Corp's profile.

QUALIFIED PERSON STATEMENT:

All scientific and technical information contained in this corporate presentation was reviewed and approved by Ron Stewart., P.Geo., President of Highlander Silver Corp., who is a Qualified Person as defined by NI 43-101. Mr. Stewart has verified the scientific and technical information disclosed in this corporate presentation by reviewing and referencing published scientific papers, historical NI 43-101 reports, news releases, and government assessment reports related to the Company’s properties that outline their geology and structure, mineralization potential, and deposit style.

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HIGHLANDER SILVER

Where EXPERIENCE meets OPPORTUNITY

Discovery Driven

Silver Dominant

Geographically Focused

Applied Expertise

Sustainable Approach

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THE SILVER MARKET

A GREEN METAL• Over half the silver demand is

used in manufacturing• Photovoltaics is a growing market• Required for electric vehicles

INVESTMENT LEVERAGE• Ag has out-performed Au in 5 of

the last 6 bull markets since 1960• Superior Price Upside

Source:Metals Focus

Industrial386M oz

896M OZTotal Silver

Demand 2020

Photovoltaics101M oz

Jewelry149M oz

Net Physical Investment201M oz

Silverware33M oz

Photography28M oz

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Fabian BakerDirector

Co-founder of Highlander, Professional Geologist and currently CEO of ASX-listed Kingsrose Mining Ltd. Previously CEO of Tethyan Resource Corp. and Chief Geologist with Lydian International.

Under Mr. Baker's leadership, Tethyan acquired significant gold, copper and base metal assets in Serbia that led to its acquisition by Adriatic Metals plc. Chief Geologist on the 5-million ounce Amulasar discovery.

Ronald Stewart, P. Geo. President & CEO

Mining professional & P. Geo. With over 30 years of international experience in exploration, project development, operations and capital markets.

Field team leader of the discovery of Musselwhite, ON; Leadership role in the discovery of Wallaby, WA and restart of Maricunga, Chile. Award winning Mining Analyst.

Nate BrewerDirector

45-years experience in over 20 countries and an Exploration geologist, including 25 years in Latin American with Homestake Mining Company and Gold Fields Limited.

Leadership role in the evaluation and acquisition of Veladero, Argentina and Cerro Corona, Peru. Directly responsible for the discovery and advancement of the Chucupaca deposit in Peru and Salares Norte deposit in Chile.

MANAGEMENT & DIRECTORS

Stephen Brohman, CPACFO

10 years of experience in corporate finance, project acquisition, executive management, corporate banking, corporate communications and investor relations.

Mr. Brohman has serves as a director and/or executive officer of several publicly traded mineral exploration companies.

Philip AndersonExploration Manager &Executive Director

Co-founder of Highlander with 40 years in exploration and mining in 13 countries including 25 years in Latin America serving as VP Exploration for Canadian Shield Resources and founder of two private Peruvian exploration companies.

Founder of CAPPEX, financing the acquisition and initial exploration of Alta Victoria. Early work by Philip lead to the discovery of the Pallancata mine.

Hannah Jin, P.GeoDirector

15 years of technical and business development experience specializing in project evaluation, due diligence and valuation analysis of base and precious metals projects.

Serves and Director of Corporate Development for VRB Energy, is a Director of Gold Lion Resources. Ms. Jin holds an M.Sc. In Geology from Western University and M.B.A from UBC.

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60,445,867Shares outstanding *

1,285,000Options outstanding *

19,270,871Warrants outstanding *

81,000,871Fully diluted *

C$3,650,000Estimated Working Capital*

Share OwnershipCSE: HSLV

SHARE STRUCTURE

D. Earle16.5%

StrategicInvestor16.5%

Other Retail11%

Management & Board20.8%

* as per Filing Statement dated August 16, 2021

Industry Professionals

35.1%

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ALTA VICTORIA | Central Peru

Historic Production World-Class District Under-Explored

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PREMIER SILVER DISTRICT• Over 1.5B oz silver productionMAJOR MINES & DEPOSITS• Cerro de Pasco (Volcan – Glencore)

- >500M oz Ag & >100Mt 10% combined Pb-Zn

• Uchucchacua (Buenaventura)- ~300M oz Ag @ 16 opt

• Morococha (Panamerican Silver)- >200M oz AgEQ. >100yrs of

continuous production• Toromocho (Chinalco)

- 1.5B Mt @ 0.45% Cu porphyry

ALTA VICTORIA | The Right Neighbourhood

Perú Ranking in world metal production:Silver 2nd, Copper 2nd, Zinc 3rd, Lead 4th, Tin 4th, Gold 8th

Source: USGS

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STRUCTURE• Doubly plunging, thrust faulted anticlinal

structure bounded by the regional NW trending Alpamarca Fault

STRATIGRAPHY• Siliciclastic and carbonaceous sediments

with intermediate, feldspar porphyritic dikes, sills, stocks(?)

MINERALIZATION• Ag-Zn-Pb (Au) manto, veins, breccias,

stockwork & replacement zones• Historic production from multiple sources

ALTA VICTORIA The Right Mix

Photo Looking SE

Sanguinetti

Santa TeresitaAdriana East

Adriana NorthBuena Estrella

Mina Victoria

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ALTA VICTORIA IP Geophysics

HIGH CHARGEABILITY ANOMALY CONTINUOUS OVER 5.6KM STRIKE• Known Ag-Pb-Zn mineralization is

invariably associated with pyrite • IP anomaly hosted in siliciclastics

along a NNW trending thrust/fold axis

• IP anomaly is open to the NW, SE and down-dip to the WSW

Note size of Target Zones - comparable to Cerro de Pasco pit outline (inset map)

Cerro de Pasco pit rim scaled to 3D image

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ALTA VICTORIA Styles of Mineralization Exposed At Surface

Anomalous samples include 0.5 g/t Au, 133 g/t Ag +Cu, Pb, Zn, Mo, Te

Semi-massive pyrite forming manto-style

mineralization

Descrete structure – HS pyritic vuggy silica, barite 1 g/t Au, 107 g/t Ag

Composite feeder bx-manto 263 g/t Ag, 7% Pb, 6% Zn

Adriana East

Adriana North

Santa Teresita

Simplified Geology

Alabandite, rhodocrosite &

quartzBreccia & stockwork fracture fill and replacement. 9.6 g/t Au, 2.2 kg/t Ag

in select vein sampling

Sombra

Pachas Target

Sta Teresita Target

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HIGHLANDER SILVER Plan & Milestones

LIDO / CAPPEX AGREEMENT

May 2021

CSE LISTING APPROVED

Aug 2021

ALTA VICTORIA PROJECT

Geophysics / Target Generation

Q4-2021, Q1-2022

GENERATIVE ACQUISITIONS

Peru, Chile, Argentina

Q4-2021

ALTA VICTORIA PROJECT

Drill Testing

Q2/ Q3-2022

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HIGHLANDER SILVER Where Experience Meets Discovery

Latin American Focus centred in Peru

Experienced Team of Explorationists

Alta Victoria – Highly Prospective for Tier 1-class Ag-Pb-Zn Discovery

Sustainable Business Approach

Well funded with ~$3.5Million in Working Capital

Discovery Is Our Business

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ALTA VICTORIA Appendix

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MINERA YANTAC OPTION2,482 Ha Under Option to Acquire 100%

• US$5K on signing (Paid)

• US$5K/m to July 2021 ($160K paid)• US10K/m for 28 months to Nov 2023• US$3.5M payable on Dec 4. 2023

4,650 Ha 100% Owned TOTAL 7,132 Ha

ALTA VICTORIA Title Secured

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CARBONATE REPLACEMENT DEPOSIT (CRD)• Large alteration footprint• Ore Minerals: Ag, Pb, Zn +/- Au, Cu • Geochemistry: Mn, Mo, As, Ba. Bi, Sb• Form lenses, pipes, breccias, veins

and stockwork zones• Associated with IP chargeability

geophysical anomalies

ALTA VICTORIA Target Model

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ALTA VICTORIA Schematic Cross Section

LITHOLOGIESMIOCENE1. Calipuy/Yantac Fm volcanics & sub-volcanic

porphyritic andesite (coevil to mineralization?)2. Feldspar Porphyry dikes and sills (pre-mineral)3. Casapalca Fm redbeds

CRETACEOUS4. Jumasha Fm limestone5. Pariatambo Fm limestone & carbonaceous marl6. Chulec Fm silty limestone & marl7. Pariahuanca Fm limestone oolitic to massive8. Farrat Fm quartz arenite9. Carhuaz Fm siliciclastic flisch & feldspatic sandstones10. Santa Fm limestone

TRIASSIC11. Chimu Fm ortho quartzite12. Pucara Fm limestone

Cordillera de La Viuda(continental divide)

West East

1

1

3

2

4

4

567 8

9

10

11

12

4

1

diatreme

Graben filldebri-flow &volcaniclastic

Fold/thrust beltmid-upper K sediments

Sta TeresitaAg-Mn +/- Au

Buena EstrellaAg-Pb-Zn +/-Cu Adriana N

Ag-Au-Pb-Zn

1 1

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HOSTED BY MESOZOIC SEDIMENTARY ROCKS

Antamina – World’s largest Cu-Zn skarn

Cerro de Pasco – Peru’s largest CRD deposit (600M oz Ag)

Uchuchacua – S. America’s largest primary Ag producer

Morococha – over 100 years continuous production

Toromocha – 1.5B mt 0.5% Cu (Porphyry Cu-Mo deposit)

Iscaycruz – No current info available

Chungar – 10Mmt 4.6% Zn, 1.5% Pb, 2opt Ag

Santander – Resource, reserve 8.77 Mmt, 5.27% Zn, 0.27% Pb, 18.6 g/t Ag

Alta Victoria

MAJOR DEPOSITS of the Central Peru Polymetallic Belt

Pucara Fm

Chimu Fm

Santa Fm

Carhuaz Fm

Farrat Fm

Chulec FmPariahuanca Fm

Pariatambo Fm

Jumasha fm

Celendin Fm

Calipuy Fm

Miocene Intrusive

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ALTA VICTORIA Targets

PACHAS AREA• 2000 x 1000 metres• Multi-element geochemical anomaly with

coincident IP chargeability high & magnetic high

Note size of Target Zones - comparable to Cerro de Pasco pit outline (inset map)

SANTA TERESITA• 1600 x 500 metres• Strong multi-element geochemical anomaly• Deep-rooted chargeability high, located on

intersecting N-S & WNW structures

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Drill holes2020 Scout drill program

61

23 45

ALTA VICTORIA Santa Teresita Target

6 Scout drill holes completed in 2020

IP Chargeability>27 mV/V

Soil Anomaly• Pb+Zn >/= 600ppm• Mn >2000ppm, As >200ppm,

Ba >500ppm

Mag (Analytical Signal)>0.2 nT/M>0.07 nT/M

Downward Oblique View Looking West

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Drill hole AV20-07Target: Sanguinetti Mine mineralization

ALTA VICTORIA Pachas Target Area

One Drill Hole at PACHAS AREA

Soil Anomaly• Pb+Zn >/= 600ppm

IP Chargeability>27 mV/V>21 mV/V

Mag (Analytical Signal)>0.2 nT/M>0.07 nT/M

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ALTA VICTORIA 2020 Scout Drill Program

PACHAS AREA• 1 hole – 336m drilled • Tested Sanguinetti mine structure• Anomalous Au, Pb, Zn

SANTA TERESITA• 6 holes – 1,964m drilled• Tested coincident Au – Ag anomalies

& structural IP chargeability anomalies at depth

Best Grades From stratabound manto style mineralization in feldspathic sandstone

hole AV20-02

SIGNIFICANT INTERCEPTS

Drill HoleFrom

(m)To (m)

Interval (m)

Gold (g/t)

Silver (g/t)

Copper (ppm)

Lead (ppm)

Zinc (ppm)

AV20-01

92.0 98.0 6.0 0.14 36.2 280 2,273 1,626

110.0 113.0 3.0 0.03 22.3 68 7,150 14,400

179.2 184.2 5.0 0.63 7.8 21 586 2,489

AV20-02

23.3 34.6 11.3 0.10 38.3 15 1,112 311

108.2 109.2 1.0 0.01 29.9 1,210 2,180 6,300

190.4 192.1 1.7 4.26 14.4 316 8,750 5,270

232.0 246.0 14.0 0.62 7.0 52 404 1,452

AV20-03 0.0 20.0 20.0 0.02 86.6 292 1,087 2,034

AV20=05 37.0 38.5 1.5 0.04 22.8 65 6,735 7,540

H E A D O F F I C E

810 – 789 West Pender Street

Vancouver, BC V6C 1H2

w: www.highlandersilver.com

e: info@highlandersilver.com

p: (604) 687-2038