Tahoe Resources Investor Presentation — May 2018

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First Quarter 2018 Conference Call

“TIP OF THE ICEBERG”FIRST QUARTER 2018 CONFERENCE CALL

Cautionary Statement Regarding Forward-Looking Information

This presentation contains “forward -looking information” within the meaning of Section 27A of the United States Securities Act o f 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended, the United

States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Com mission, all as may be amended from time to time, and "forward -looking information" under the provisions

of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of the Company. All statements, other than statements of historical fact, are forward -looking statements.

Generally, these forward -looking statements can be identified by the use of forward -looking terminology such as “plans”, “expect s”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”,

“believes”, or variations or comparable language of such words and phrases or statements that certain actions, events or resu lts“may”, “could”, “would”, "should", “might” or “will be taken”, “occur” or “be achieved” or the

negative connotation thereof.

Forward -looking statements include, but are not limited to, statements related to the following: the status of the appeals to th e Guatemalan Constitutional Court of the decision by the Supreme Court of Guatemala ordering the

Guatemalan Ministry of Energy and Mining (“MEM”) to conduct consultation with indigenous populations in certain designated lo cations in and around the Escobal mine, reinstating the Company’s mining license in respect of

theEscobal mine, the timing for such appeals to be decided and the likelihood of an adverse decision by the Constitutional Court; the cons ultations that are expected to be conducted with Xinka in Guatemala; thedevelopment

of an Indigenous Peoples Policy and the commitment to improve social license to operate, resolve conflicts and rebuild relationships with key communit ies;; the timing and results of other court proceedings; the timing and likelihood

of peacefully resolving the road blockage affecting theEscobal mine; the re- issuance of permits, licenses and credentials relating to the Escobal mine; the timing, results and implications to the Company of the court -ordered

consultation process; the timing and liklihood of resolving the La Arena strike; the estimation of Mineral Reserves and Mineral Resources, the realization of Mineral Reserve estimates; production and cost and tota l cash costs targets

for the Company’s gold operations for 2018, 2019 and 2020, including production and cost estimates per gold mine in 2018 and the target of producing approximately 500,000 ounces of gold in 2019 and achieving AISC of less than