May 2013

2

Forward Looking Statement Some of the statements contained in this presentation may be deemed “forward-looking statements.” These include estimates and statements that describe the Company’s future plans, objectives or goals, and expectations of a stated condition or occurrence. Forward-looking statements may be identified by the use of words such as “believes", "anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, reclamation, capital costs, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as but not limited to; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for the minerals the Company expects to produce; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company’s activities; and changing foreign exchange rates and other matters discussed in this presentation. Persons should not place undue reliance on the Company’s forward-looking statements. Further information regarding these and other factors, which may cause results to differ materially from those projected in forward-looking statements, are included in the filings by the Company with securities regulatory authorities. The Company does not assume any obligation to update or revise any forward looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws, whether as a result of new information, future events or otherwise. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this presentation, that has been prepared by management.

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Cerro Las Minitas, Mexico New – Option with Freeport-McMoRan

• Large polymetallic mineral system

• Porphyry copper-gold potential

Dragoon, Arizona • Porphyry copper-moly

Oro, New Mexico New – Option with Desert Star Resources

• Porphyry copper-gold

Southern Silver Exploration Corp.

Southern Silver is a exploration company with projects

in Arizona, New Mexico and Mexico

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Mexico • Largest silver producer in the world

• 144+ million oz / annum

• 2nd largest gold reserves in Latin America

• 500 years of mining history

• Favorable foreign investment policy and mining law

Mexico & Arizona Two of the most prolific metallogenic regions in the world

Arizona • $5+ billion annual copper production

• Multiple 1+ billion tonne deposits

5

Faja de Plata

Multiple world-class mineral deposits

Penasquito (Goldcorp Inc.)

• 1.07B oz Ag, 18.2M oz Au, 7.8B lbs Pb and 17.8B lbs Zn

La Preciosa (First Majestic)

• 185M oz Ag and 305,000 oz Au

San Martin (Grupo Mexico)

• 60M tonnes of 118g/t Ag, 0.9% Cu and 3.9% Zn

Santa Eulalia (Grupo Mexico)

• 45M tonnes of 310 g/T Ag, 7.1% Zn and 8.2% Pb

Naica (Peñoles)

• 26M tonnes 213 g/T Ag, 5.6% Zn, 5.9% Pb, 0.4% Cu

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Cerro Las Minitas – Freeport McMoRan Option

• In October 2012, Freeport-McMoran Exploration Corporation optioned the Cerro Las Minitas Project from Southern Silver. Freeport can earn up to 70% interest in the Project with staged expenditures of $25.0 million over ten years.

• Option to Earn 51% - $5.0 million

– Yr 1: $1.5 million (firm, committed) + $100,000 property payment

– Yr 2: $1.3 million + $200,000 property payment

– Yr 3: $1.6 million + $300,000 property payment

• Option to Earn additional 19% (70% total)

– Completion of feasibility and minimum $19.0 million in additional expenditures

– Pay Southern Silver an additional $1 million before the tenth anniversary of the effective date

• FMEC will maintain the residual property payments

• 2013 - $3.0 million budget for geophysics and drilling

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Cerro Las Minitas

Exploration Summary • 62 holes completed – 15,540 m

• Two new deposits discovered

− Blind Zone and El Sol Zone

− High-grade Silver-Polymetallic Deposits

− +800m Cumulative Strike-length

• New copper-gold discovery at South Skarn target area (12CLM-55)

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Cerro Las Minitas - Infrastructure

• Located just 70km NE of the city of Durango (population 631,712)

• Highway, road access and power lines

• Surrounded by significant Mineral Deposits

15,125 ha

(First Majestic)

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1

2

3

4

5

6

Current Target Area

Cerro Las Minitas - Airborne Magnetic Survey

● Completed in February 2011

● Entire property surveyed (1,100 ln-Km)

● Suggests 6 additional targets along 25km strike length

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Mina Santo Nino (Target)

Mina la Bocona (Target)

Cerro Las Minitas Looking North from the Autopista

Blind Zone (High-grade

Discovery)

South Skarn (Target)

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Known Mineralization Zone

NORTH SKARN MINA LA BOCONA

MINA SANTO NINO

BLIND ZONE Delineated to

+800m

SOUTH SKARN ZONE New Copper - Gold Discovery

12CLM-055: 4.3m of 1.4g/t Au, 1.8% Cu

EL SOL ZONE

UNTESTED TARGETS

UNTESTED TARGETS

South Skarn 12CLM-055 • 4.3m of 28 Ag g/t, 2.8 Au g/t, 0.5 Pb%, 0.3 Zn% • 4.3m of 89 Ag g/t, 1.4 Au g/t, 1.8 Cu%, 0.2 Zn%

Mina Santo Nino 11CLM-006 • 17.4m of 51 Ag g/t, 0.4 Cu%, 0.2 Pb%, 4.7 Zn%

El Sol Zone 11CLM-027

• 24.8m of 124g/t Ag, 1.9 Pb%, 2.1 Zn%

High-Grade Discovery – Blind Zone 11CLM-008 • 10.9m of 268 Ag g/t, 4.5 Pb%, 3.8 Zn% 11CLM-016 • 4.5m of 192 g/t Ag, 0.3Cu%, 5.3 Pb%, 8.4 Zn% 12CLM-023 • 12.4m of 134 g/t Ag, 4.0Pb%, 4.5 Zn%

Mina La Bocona 11CLM-002 • 6.8m of 153 Ag g/t, 0.1 Cu%, 1.5 Pb%, 1.0 Zn%

Schematic Cross-Section of Metal

Zoning at Cerro Las Minitas

South Skarn

New Target Area

Blind Zone /

El Sol Zone

Ag Ag-Pb-Zn Cu-Au Ag-Pb-Zn Ag

E W

Styles of Mineralization

Breccia

Disseminated

Vein /replacement

New model targets deeper Cu-Au “heat-engine” to distal silver-rich deposits

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Looking Forward

• District-scale Ag-Pg-Zn-Au-Cu mineralizing system identified at Cerro Las Minitas

• Drilling has identified two high-grade silver-polymetallic deposits - Blind Zone and El Sol, delineated to +800m cumulative strike-length

• Multiple additional targets remain to be tested

• New copper-gold discovery at South Skarn demonstrates the deeper porphyry potential of the project

Ground IP survey - Chargeability

Option agreement with Freeport-McMoRan provides the stable funding, up to $25 million over ten years, required to advance the project toward additional discovery and development

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2013 Exploration

Freeport-McMoRan Exploration Corporation plans a property-wide exploration program comprising:

• Geochemical survey over entire property (25km) • Geophysical survey over 6 previously identified anomalies

• Deep-seeing IP/resistivity geophysical and soil geochemical survey over Cerro Las Minitas

mine area

• Diamond drilling program to be designed based on the results of the exploration program, as well as follow-up of historical drill intercepts, commencing March 2013

Cerro Las Minitas Property Core Sample - 2012 Drill Rig – Site Visit 2012

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Oro - New Mexico

Transitional from Faja de Plata to the Arizona Copper Belt

• Historic mining district from the early 1900s; multiple high-grade targets

Southern Silver’s Oro property claims patents and leases

• 17.2 sq. km comprised of:

• 8 mineral patents

• 2 state leases

Infrastructure

• Road access via paved highway

• Located 55km south of Lordsburg, New Mexico, in the Little Hatchet Mountains

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West-dipping Target

Stratigraphy

King Vein

American Mine

National Mine

Copper King

Oro Property

Stock Pond Gold Target

Airborne Magnetic Target

OR11-008

OR11-007

OR11-009

OR11-006

Deposit types

• New bulk tonnage, near surface gold target (Stock Pond Gold)

• Copper porphyry/skarn potential at depth

To Date Identified

• Thick zones of alteration and anomalous gold base metals, identified through geophysical and exploration to date

2013 Exploration Program

• Geophysics – porphyry target

• Target identification through geophysics followed by drilling

• Data compilation, CSAMT geophysical survey and processing

• Permitting, followed up with drilling

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Dragoon - Arizona

Option Terms

• Contiguous 12.8 sq km block • Option agreement signed in 2007 to

acquire 100% of the property (private vendors)

• $390,000 US paid • $300,000 US left to pay by August

28, 2013 • Aggregated expenditures to date:

Approximately $2,000,000

Located 90 km southwest of Tucson, Arizona

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Drilling • Exposed Laramide intrusive; geothitic leached

capping and local quartz-stockworks • Drill indicated Cu-Mo mineralization in gravel

covered areas

• 4 holes drilled deeper than 600 metres (including 2 historic holes) • Tested positive for thick intervals of Cu-Mo

mineralization

• Strongly anomalous Cu-Mo mineralization over 400+ vertical metres in DS-10-01 and DS-11-02 indicates large mineralizing system

• Target: Supergene-enriched Cu-mineralization beneath leached zone

Dragoon Property Targeting deep high-grade copper-molybdenum mineralization

DS-10-01 402m @ 0.05% Cu Freeport (SSV)

DS-11-02 12.2m @ 0.24% Cu Freeport (SSV)

DS-12-03 220m @ 0.08% Cu Freeport (SSV)

JC-96-4 258m @ 0.03% Cu Kennecott

JC-8 717m @0.06% Cu MinEx (Union Oil)

New Cu-Mo Porphyry discovery

271m grading 0.09% Cu

Inc. 85m of 0.1% Cu and 12m of 0.2% Cu

220m of 0.08% Cu

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Corporate Information

Contact Information Liana Shahinian VP Corporate Development liana@mnxltd.com Tel: 604.641.2773 Southern Silver Exploration Suite 1100-1199 West Hastings St. Vancouver, BC, V6E 3T5, Canada

www.southernsilverexploration.com

Share Ownership

Management & Close Associates

• 13%

Libra Advisors, LLC

• 10.7%

Sprott Asset Management

• 8.9%

Pinetree Capital

• 8.8%

German Retail

• 10%

Capitalization

Debt

• $0

Warrants Outstanding

• 48,649,446

Options Outstanding

• 13,439,000

Shares Outstanding

• 144,698,913

Fully Diluted

• 209,625,251

Senior Management

Lawrence Page, QC, President, Maheseh Liyanage, CFO Robert Macdonald, General Manager, Exploration Adrian Robles, Senior Exploration Manager, Mexico Liana Shahinian, VP Corporate Development Arie Page, Corporate Secretary

Southern Silver Exploration is a Manex Resource Group Company that benefits from shared expertise in corporate finance, technical and geological services, investor relations, and public company administration.

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Management & Directors • Lawrence Page – As the principal and founder of the Manex Resource Group, Lawrence Page brings over 45

years of experience in corporate and securities law, and has been a director and officer of public companies which have discovered and brought mines such as Eskay Creek, Mascot Gold, and Pensaquito in to production.

• R. Dale Janowsky – Director Janowsky is a recent retiree after 44 years in the practice of corporate and commercial law. He has extensive experience in corporate reorganizations, mergers, acquisitions and joint ventures.

• D. Roger Scammell – Having been in the mining and exploration industry in North America, Mexico, and Guatemala for over 40 years, Mr. Scammell is a specialist with epithermal gold/silver, polymetallic base metal, and nickel and coal deposits. He has held management positions with companies such as Teck Corporation and Scorpio Mining, primarily responsible for the exploration, development, and initial production of projects such as the Nuestra Senora polymetallic silver mine in Sinaloa, Mexico.

• Terrence E. Eyton – Mr. Eyton is a Chartered Accountant and currently Chief Financial Officer of Peninsula Merchant Syndications Corp. His professional career encompasses depth in financial, regulatory and compliance matters across many sectors including mining.

• Nazlin Rahemtulla – Currently the Human Resources Manager at Gowlings’ Vancouver office, Ms. Rahemtulla has over 14 years of experience in the financial industry, previously holding management positions with Weiler Smith Bowers Consulting Structural Engineers, The MacLean Group, and RBC Financial Group. \

• Scott B. Hean – Mr. Hean is currently Chief Financial Officer of Quaterra Resources Inc., and previously held senior management and executive positions with Bank of Montreal and JP Morgan, primarily responsible for financing companies in the natural resources sectors. He is also a director of Sabina Silver Corporation and a number of TSX – Venture companies.