Guanajuato Silver Company Ltd

High-grade, epithermal vein, underground mine.
GSilver transfers mineralized material from San Ignacio for processing at the Cata mill.

_{Metal prices are set at US$1,850/oz Au and US$22/oz Ag, with 87% recovery for both.
This yields an Au:Ag ratio of 84.1:1 for the calculation of AgEq.}

_{For additional details refer to the technical report dated November 2, 2023
(effective date September 21, 2023) titled “Technical Report on the
San Ignacio Property, Guanajuato, Mexico” available on SEDAR+.}