Trevali Mining Corporation Investor Presentation — November 2021

Document content

Q3 2021 Financial and Operating

Results Conference Call and Webcast

November 12th, 2021TSX: TV | BVL: TV | OTCQX:TREVF | FRANKFURT: 4T TREVALI .COM Cautionary Note Regarding Forward Looking Information

This presentation contains “forward –looking information” within themeaning ofCanadian securities legislation and“forward –looking statements” within themeaning oftheUnited States Private Securities Litigation

Reform Actof1995 (collectively, “forward –looking statements”) .Forward –looking statements arebased onthebeliefs, expectations andopinions ofmanagement oftheCompany asofthedate thestatements are

published, andtheCompany assumes noobligation toupdate anyforward –looking statement, except asrequired bylaw.

Forward -looking statements relate tofuture events orfuture performance andreflect management’s expectations orbeliefs regarding future events including, butnotlimited to,statements with respect tothe

Company’s revised financial andoperational guidance forfiscal 2021 ,including theCompany's forecasted AISC, C1Cash Costs, production andcapital expenditures, growth strategies, expected timing offeasibility

study completion andrelease ofresults, expected timing ofdecision -making with regards toextending mine life,expected annual savings from capital projects, anticipated supply, demand andmarket outlook for

commodities, future commodity prices, anticipated effects ofcommodity prices onrevenues, estimation ofmineral reserves andmineral resources, therealization ofmineral reserve estimates, thetiming and

amount ofestimated future production andshipments, costs ofproduction andcapital expenditures, success ofmining operations, environmental risks, unanticipated reclamation expenses, titledisputes orclaims,

future anticipated property acquisitions, thecontent, cost, timing andresults offuture exploration programs andlifeofmine expectancies .Incertain cases, forward -looking statements canbeidentified bytheuseof

words such as“plans”, “expects”, “outlook”, “guidance”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or“believes”, orvariations ofsuch words andphrases orstatements that certain

actions, events orresults “may”, “could”, “would”, “might”, “willbetaken”, “occur” or“beachieved” orthenegative ofthese terms orcomparable terminology .Bytheir very nature, forward -looking statements involve

known andunknown risks, uncertainties andother factors which may cause theactual results, performance orachievements oftheCompany tobematerially different from anyfuture results, performance or

achievements expressed orimplied bytheforward -looking statements .Such factors include, among others, risks related tothefactthat theCompany’s cost, expenditure and production guidance may not