Guanajuato Silver Company Ltd

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

Historical Mineral Resource Estimate
	Tonnes (t)	Ag (g/t)	Au (g/t)	AgEq (g/t)	AgEq (ounces)
M&I	267,828	145	2.8	384	3.3M
Inferred	445,217	178	2.65	404	5.7M

The San Ignacio mineral resource estimate is historical in nature. Guanajuato Silver is not treating the San Ignacio mineral resource estimate as current mineral resources.

_{Source:
Technical Report on the Valenciana Mine Complex, Guanajuato, Mexico April 30, 2022}