GATOS SILVER ANNOUNCES RESTORATION OF FULL GRID POWER AT CERRO LOS GATOS

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DENVER–(BUSINESS WIRE)– Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) is pleased to report that full power from Mexico’s national power grid has been restored at its Cerro Los Gatos (“CLG”) mine site. CLG is currently operating the surface facilities and the full complement of underground mining infrastructure and activities. The CLG process plant will resume operation early this week upon completion of the previously accelerated maintenance activities that commenced during the temporary power restriction in Northern Mexico. Given the expedited restoration of full grid power, the outage has had minimal impact on the Company’s mining and processing activities.

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