July 20th, 2016Alain LambertChairman and CEOTel: (520) 369 7492alain@Cypriummining.com

Corporate Presentation

Forward Looking Statements and DisclaimerThis presentation contains forward‐looking statements that are not based on historical facts, butrather on current expectations and projections about future events and they are subject to risksand uncertainties. All of the facts and figures in this presentation may not be NI 43-101 compliant.These risks and uncertainties could cause actual results to differ materially from the future resultsexpressed or implied by the forward‐looking statements. Such risks may include, without limitation:risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining includingenvironmental hazards, unusual or unexpected geological formations, ground control problems andflooding; risks associated with the estimation of mineral resources and reserves and the geology,grade and continuity of mineral deposits; the possibility that that future exploration, developmentor mining results will not be consistent with the Company’s expectations; the potential for andeffects of labor disputes or other unanticipated difficulties with or shortages of labor orinterruptions in production; actual mineralized rock mined varying from estimates of grade,tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty ofproduction and cost estimates and the potential for unexpected costs and expenses; andcommodity price fluctuations. Investors should note that the Las Cristinas, Potosi and La Chincheproperties have no established mineral resources or mineral reserves as defined by NI 43-101.Although Cyprium Mining may make production decisions based on historical productionrecords, sampling or drilling results, a feasibility study has not been completed on any of theseprojects and there is no certainty that the proposed operations will be economically ortechnically viable. Qualified Person: Dr. Craig Gibson, Certified Professional Geologist, has reviewedthe appropriate portions of this presentation and approved the contents thereof.

Acquire, operate and develop past producing mines

Two key selection criteria:

– Can be quickly and inexpensively brought back into production to generate cash flow for exploration and development

–Must have significant exploration potential; possibility of making new discoveries

Start with traditional, proven small-scale production techniques to accelerate time to cash flow

Fund the systematic development & exploration of the mine through cash flow

Utilize modern equipment to expand the operation

What We Do

Main Aspects of Our Business – What We Need to be Successful – All in Place:

Mining: exploration and exploitation of poly-metallic deposits: silver, lead, zinc and copper

Milling: processing of mineralized material into Pb and Zn concentrate with Ag content

Shipping & Selling: deliver and sell our concentrate to Trafigura at the Port of Manzanillo, Mexico

“We produce Pb and Zn concentrates with strong Ag content, not ounces of Ag and Ag equivalents.”

What We Do: Three Keys Areas of Expertise

Management: Focused on Mexico

All key members are located in Chihuahua, Mexico, including the CEO.

Assembled three key assets: Controlling joint venture interest in:

– Historic Potosi silver mine

– Potosi processing facility

– La Chinche exploration property

Aldama 100 t/d flotation plant

Las Cristinas copper/silver mine

People: solid local team and contacts

Strong relationship with Trafigura Mexico ensures future growth – multitudes of projects

Strong Asset Base, People, Relationships

Controlling joint venture interest:

53% initial interest, minority partners subject to dilution

20 years exclusive right of exploitation and exploration

Full operational and financial control

Offtake agreement with Trafigura Mexico

US $2.5 million financial commitment1

1 To be completed by December 31, 2016. US $960,000 invested to date.

Potosi JV: Company Maker Asset

Owned by the Valenzuela family for three generations, acquired when thought to be depleted, new mineralization discovered

Located 22 kilometers from Chihuahua (pop. 853K)

Shut down in the 90s: – Labor dispute– High cost structure– Sulfide bodies not completely mined

Irregular/informal production since

Some of the mineralized material was processed at the Aldama flotation plant

The Historic Potosi Silver Mine

Company maker asset

Six shafts and twenty-two levels

Infrastructure still available including buildings, headframes and hoists

Historical technical information preserved and available

Key past employees hired

Only 42 km from Aldama flotation plant

Located in Santa Eulalia, a world class polymetallic (Ag, Zn & Pb) mining district

The Historic Potosi Silver Mine

World class polymetallic mining district located in State of Chihuahua, Mexico

Discovered in the 1500’s, and recorded production has occurred over more than 300 years

Ranks as one of Mexico's primary silver and base metal producing districts with nearly 450 million ounces of silver and substantial amounts of lead and zinc mined

Nature of deposit: carbonate replacement deposit, Santa Eulalia is historically largest of its type in Mexico

Subject of Dr. Peter Megaw’s Ph. D. thesis (1991) (1)

(1) MAG Silver’s Chief Exploration Officer

The Santa Eulalia Mining District

Only three players:

Cyprium Mining Corp (orange and green):

– Potosi mine (West Camp)

– La Chinche property (West Camp)

Groupo Mexico (white) :

– Buena Tierra mine (West Camp)

– San Antonio mine (East Camp)

MAG Silver Corp (pink) :

– Controls all of the ground (no mine) to the immediate south of the district and between the West Camp and East Camp (Central Camp). Adjacent to the south of La Chinche property.

The Santa Eulalia Mining District

Potosi JV: Key Projects

Four Key Projects

Project Name Mine LevelsTimeline to Extraction

Initial Daily Extraction

Target Extraction

Note

Tunel body, Shaft No. 3

2,3 and 4 Started 80 120Rehabilitation completed.

Know mineralized body

Santo Domingo, Shaft No. 5

9, 10 and 1112 to 15 months

from start of project

400 500

Decision to be made in Q3 2016, possible alternative is to

rent neighbor’s shaft. Significant exploration in

2014. Plans started for 43-101 resource estimate.

Shaft #1 6, 9 and 106 months from start

of project120 150

High grade Ag, unexplored. Decision to be made in Q3

2016

Oxide Zinc, shaftNo. 5

14 and 16Dependent on shaft No. 5 rehabilitation

N/A N/A Sampling program underway

Total 600 770

Potosi JV: Key Projects

Map of Key Areas of Focus: Tunel & Santo Domingo mineralized bodies

Map of the Potosi Mine area showing principal workings and areas projected for exploration

and mining. The mine infrastructure to be used

includes the main adit and 0 level tunnel and Potosi Shafts

No. 1, 3 and 5. Exploration and mining will be focused initially around stopes on level 4 (Tunel body) and on levels 9-11 (Santo Domingo-Main Silicate body).

Potosi JV: Key Projects

Highlights from Key Areas of Focus

Tunel body:

Immediately accessible on levels 2 to 4 - shallow level

Recently mined sulfide mineralization - known metallurgy

Rock with good grades in sight - quick production

Santo Domingo body

Rock with good grades in sight levels 6 to 11- known mineralized rock

Recently mined, large tonnage left - possible near term resource

Relatively ‘easy’ future access through shaft # 1 - when rehabilitated

Oxide zinc bodies at depth - very high grade

Potosi JV: Tunel body & Shaft No. 3 Project

Location

Rail system Mining area

.

Potosi JV: Tunel Body & Shaft No. 3 Project

Recent Achievements

Rehabilitated Shaft No. 3 to gain access to levels 1 to 4 of the mine: extraction capacity of 120 tons per day

Replaced almost 1.5 kilometres of railway tracks at level 0 and at level 4

Rehabilitated existing equipment, including hoist, air loaders and electric locomotive

Air compressor installed inside the mine

Air and water tubing installed

Potosi JV: Tunel body & Shaft No. 3 Project

Hired Dr. Peter Megaw as Exploration Advisor

Released assay results from level 3.5 and level 4 exploration

Mining area at level 4 of the mine ready for blasting

Recruited senior personnel in Mexico for main functions

Signed offtake agreement with Trafigura Mexico

Mining contractor hired

Recent Achievements

Potosi JV: Tunel Body & Shaft No. 3 Project

Tunel Body Around the Potosi Shaft No. 3

Composite level plan and vertical projection for the Tunel body, Potosi shaft No. 3 area, showing stopes and rail service installed to haul broken rock to the shaft.

Composite level plan on the left, vertical projection on the right.

Rail line

Level 4 stope

Level 3 stope

Potosi # 3 Shaft

projected

Rail linePotosi # 3

Shaft

Level 4

stope

Potosi JV: Upcoming Projects

Silicate Ore Body – Level 9 and 10 and High Grade Oxide Zinc at level 14 & 16

Levels 9, 10 and 11:

– Over 600 samples taken in 2014 by third-party: large mineralized body

– Next phase: additional sampling, topography and drilling

Levels 14 and 16 – oxide zinc:

– Ongoing sampling program

– 9 samples taken in high grade oxide zinc zone averaged 37% Zn, results for 35 additional samples pending

Potosi JV: Exploration Project

La Chinche Exploration Property

Chinche shaft

Mag Silver exploration model

Potosi JV: Exploration Project

La Chinche Exploration Property

Mineralization model based on the district and other deposits indicates potential for mineralization

Provides target with no modern exploration Structural trends along mineralized fissures defined by old

workings end at Condesa fissure, with minor workings to the south

Schematic section of mineralization modelModified from Mag Silver Technical Report, Wendt, 2002

Potosi mine

Exploration potential

Seven kilometers from the Potosi mine

Recent partial rehabilitation for 400 tons/day capacity

Evaluation work started to move some of the rehabilitated equipment to the mine site

Rehabilitate Potosi shaft No. 5 and build plant at mine site?

Rent Grupo Mexico’s Buena Tierra shaft and process at their plant?

Potosi JV: Potosi Processing Plant

Current capacity of 100 t/d

Exclusive right to use until Sept 2019

– No need to build/variable cost

Use Aldama to process mineralized material from the Potosi mine

42 kilometers from the mine

Invested $200,000 in 2015

Will invest additional $200,000 by end of 2016:

– Technology to improve efficiencies and processes

– Equipment to double the capacity to 200 tons per day

Access to Flotation Plant – Aldama

Las Cristinas copper/silver mine

Shut down in the 70s

Two shafts, two levels, headframe and hoist

Significant exploration, including drilling in 2013/14

Property is 7 kilometers long by 1 to 2 kilometers wide, 684 hectares

Only 2 hours by road from Chihuahua

Exposure to Copper – Las Cristinas

Exposure to Copper – Las Cristinas

Las Cristinas copper/silver mine

Next steps to be completed by end of 2016:

– Dewater the old mine

– Take 35 to 50 samples inside the mine

– Focus exploration on high grade areas

Make small scale production decision in 2016

July 20th, 2016

Corporate Presentation