Guanajuato Silver

GSilver Establishes New High-Grade Gold Zone at San Ignacio Mine
22 July 2025

Drills 8.20m true width of 536 g/t AgEq AND 1.06m true width of 2,585 g/t AgEq*

Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is providing an update on exploration and development work at the Company's wholly-owned San Ignacio Mine ("San Ignacio") located in Guanajuato, Mexico.

Highlights

   High-grade veins have been intercepted at the Santo Nino zone including:

       8.20 metres true width grading 5.7 g/t gold and 54 g/t silver (536 g/t AgEq) and a separate 1.06 metres true width grading 28.5 g/t gold and 164 g/t silver (2,585 g/t AgEq) in UGSI25-007

       2.34 metres true width grading 4.9 g/t gold and 165 g/t silver for 579 g/t AgEq in UGSI25-006

       4.46 metres true width grading 2.2 g/t gold and 99 g/t silver for 287 g/t AgEq in UGSI25-009

   The intercepts highlight a new gold-rich zone within the Santo Nino area at San Ignacio.

   Development work has been initiated to access these high-grade gold areas for development in 2025.

James Anderson, Chairman & CEO, said, "With these exceptional results from San Ignacio in hand, we have already begun the engineering and preparatory work that will allow for rapid exploitation of this potentially rich mining zone that sits entirely outside of our official resource estimates. We expect to be mining this new area within three months' time; thereby showcasing our ability to act quickly when special opportunities arise and, in the process, demonstrating our outsized leverage to precious metals' prices."

Guanajuato Silver Appoints Rick Trotman as Senior Vice President
   29 July 2025

Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce that it is expanding its senior management team with the addition of Rick Trotman as Senior Vice President.

James Anderson, CEO & Chairman, said, "Rick's addition to our team immediately bolsters our technical, financial, and corporate capabilities; he has extensive experience in analyzing all aspects of both exploration and mining operations from planning to asset evaluation to resource development and operational troubleshooting. His addition should immediately prove helpful to Guanajuato Silver as we strive to unlock the full potential of our operating assets in Mexico and start planning for our next wave of growth. This is an important addition to the Guanajuato Silver team, and I look forward to working closely with Rick as we continue to transition the Company into an important producer of both silver and gold."

Mr. Trotman is a professional geologist who has built a remarkable 20-year mining career focused on technical excellence and identifying high-value resource opportunities. Rick brings a complete complement of experience and expertise to Guanajuato Silver; he is fully knowledgeable in all facets of the mining industry, from field exploration to the corporate boardroom, to managing various levels of governmental interaction to robust stakeholder engagement.

Guanajuato Silver Confirms Issuance of Warrants Related to Recently Closed C$18M Financing
04 September 2025
Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR) announces that it has issued 458,500 non-transferrable warrants (the "Advisor Warrants") to Research Capital Corporation (the "Advisor").

The issuance of the Advisor Warrants, previously announced in connection with the Company's August 21, 2025 financing, relates to an Advisory Agreement with Research Capital Corporation, which provided financial advisory and support services for the Offering. That C$18 million non-brokered LIFE financing, which was met with strong investor demand, has materially strengthened GSilver's balance sheet and positions the Company to accelerate underground fleet upgrades, modernize processing facilities, and significantly expand exploration programs.

Each non-transferrable Advisor Warrant entitles the holder to purchase one Common Share at an exercise price equal to $0.30, subject to customary anti-dilution adjustments, until August 21, 2028. The Advisor Warrants and the underlying securities issued to the Advisor are subject to a four month and one day hold period in accordance with Canadian securities laws that expires on January 5, 2026.