Prismo Metals : Q1 2023

CSE: PRIZ

Discovery and

Exploration in

Mexico

Q1 2023

W W W. P R I S M O M E TA L S . C O M

PRISMO METALS

Disclaimer

CSE: PRIZ

Non-Reliance

This presentation does not provide full disclosure of all material facts relating to Prismo Metals Inc., or its securities, and is not subject to liability for misrepresentations under applicable securities legislation.

General

This presentation is property of Prismo Metals Inc. (the "Company", "Prismo", "us" or "we") and is strictly confidential. It cannot be circulated or forwarded without our consent. Any graphs, tables or other information demonstrating our historical performance or that of any other entity contained in this presentation are intended only to illustrate past performance and are not necessarily indicative of our or such entities' future performance. The information contained in this presentation is accurate only as of the date of this presentation or the date indicated. No securities regulatory authority has expressed an opinion about the securities described herein and it is an offence to claim otherwise.

Cautionary Note Regarding Forward-Looking Information

This presentation contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information may relate to our future financial outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategies, addressable markets, budgets, operations, expected future financial results - including revenues expectations as stated herein, plans and objectives. In some cases, forward-looking information can be identified by the use of forward looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "does not anticipate", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will", "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information.

Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Certain assumptions in respect of our ability to execute our growth strategies; our ability to retain key personnel; our ability to maintain and expand geographic scope; our ability to obtain and maintain existing financing on acceptable terms; currency exchange and interest rates; the impact of competition; the changes and trends in our industry or the global economy;

and the changes in laws, rules, regulations, and global standards are material factors made in preparing forward-looking information and management's expectations. When relying on forward-looking statements to make decisions, we caution readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which

such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements, including Prismo's limited financial history, including a history of losses, the early stage of the business, operating in an industry populated with significantly larger competitors, dependence on management, rapid technology changes, and infringement of intellectual property rights.

All forward-looking information in this presentation is made as of the date hereof. Except as expressly required by applicable law, we assume no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

All of the forward-looking information contained in this presentation is expressly qualified by the foregoing cautionary statements.

Non-IFRS Measures and Industry Metrics

This presentation may make reference to non-IFRS measures, which are financial and operating metrics used in our industry. These non- IFRS measures and industry metrics do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. this is used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors and other interested parties frequently use non-IFRS measures and industry metrics in the evaluation of issuers. Our management also uses non-IFRS measures and industry metrics in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation.

Completion of investor documentation

Any securities issued to investors by the Company shall not have been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or under any U.S. state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the United States of America, its territories or possessions, any state of the United States or the District of Columbia (collectively, the "United States") or to, or for the account or benefit of, persons in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and all applicable U.S. state securities laws. This release does not constitute an offer to sell or a solicitation of an offer to buy such securities in the United States, Canada or in any other jurisdiction where such offer, solicitation or sale is unlawful.

Any securities issued to investors by the Company shall not have been recommended by any Canadian provincial securities or regulatory authorities, the United States Securities and Exchange Commission or any state securities commission or regulatory authority, nor have any of the foregoing authorities passed on the accuracy or adequacy of this presentation or the offering. Any representation to the contrary is a criminal offense.

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TWO PRECIOUS METAL OPPORTUNITIES IN MEXICO

Investment Highlights

Successful Explorers

Three of Mexico's most successful		Rafael
explorers with multiple major	Dr. Craig	Dr. Peter
discoveries:	Gibson	Gallardo	Megaw

Two Major Opportunities

CSE: PRIZ

Capital Structure

Common shares held by officers,
directors, & advisors	11,383,751
Vizsla Silver Corp	4,000,000
Institutions	5,800,000
Float	24,540,361
Total shares Outstanding	39,671,729
Agent's options (1)	549,500

Surrounded by Vizsla Silver Corp. (TSXV: VZLA) - ~$225m market cap

2,500-meter drilling program planned in 2023

High grade veins intercepted, 70% of vein is unexplored

Bonanza grade results from previous drilling campaigns

LOS PAVITOS

District scale land position with numerous mines in district

Exploring for multi-million oz high grade gold deposit

Advancing to the drilling stage by early 2023

Founders Warrants (2)				700,000
Officers, directors & advisor options (3)	2,760,000
Warrants (4)				1,683,333
Warrants (institutions) (5)				2,900,000
Warrants (Vizsla Silver) (6)			2,000,000
Sub-total				9,323,143
Total outstanding (fully diluted)		50,264,562
(1)	WAEP of $0.70	(4)	Exercisable at $0.45 per share (December 2021 Financing)
(2)	Exercisable at $0.10 per share	(5)	Exercisable at $0.75 per share (December 2022 Financing)
(3)	WAEP of $0.15	(6)	Exercisable at $0.75 per share
29% Strong Management /	21.6M Low Market

Current exploration programs fully funded: $5 M cash and marketable securities

Advisor Ownership

Capitalization

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RECENT EXPLORATION

Roadmap & Catalysts

Projects Advancing / Fully Funded

PALOS VERDES (surrounded by Vizsla Silver TSXV: VZLA)

• 3,100 meters drilled on project
• • High grade intercepts some bonanza grades
• Strategic investment by Vizsla Silver - 10% ownership
• Awaiting new environmental permit to test portion of vein strike from new drill access
• 2,500 meters of additional drilling planned to test unexplored vein in 2023

CSE: PRIZ

LOS PAVITOS (5,289-hectare gold prospect)

• Continue mapping and sampling to define drill targets
• Finalize analysis of LiDAR survey data
• Surface access agreement in place
• Drill permitting in progress
• Drilling of up to 5,000 meters planned for Q2 2023

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THE COMPANY

Discovery Team

CSE: PRIZ

DR. CRAIG GIBSON

DIRECTOR, PRESIDENT & CEO

Co-founder ProDeMin in 2009, a firm providing exploration related services. Thirty years exploration experience in Mexico. Teams credited with discovery of several major precious metals deposits. Certified Professional Geologist of the American Association of Professional Geologists and Qualified Person under NI 43-101.

RAFAEL GALLARDO

DIRECTOR

Consultant geologist with Minera Cascabel since March 1992. Acts as Mexico Exploration Manager of Minera Goldzone S.A. de C.V. (since March 2011). Mr. Gallardo-Romero graduated from the University of Sonora with a degree in Geology in 1984. Responsible for Los Pavitos exploration to date.

DR. PETER MEGAW

CO-FOUNDER & ADVISOR

Co-founder of MAG Silver Corp. and Minaurum Gold Inc.. He and his team are credited with MAG Silver's Juanicipio

discovery in the famous Fresnillo District and Excellon Resources Inc's Platosa Mine. He received his doctorate from the University of Arizona and has more than 35 years of experience exploring for silver and gold in Mexico. Awarded the 2017 Thayer Lindsley Award for the 2003 discovery of the Juanicipio silver deposit in the Fresnillo District,

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