GSilver Begins Processing Third-Party Silver and Gold Mineralized Material

January 6, 2022 – VANCOUVER, BRITISH COLUMBIA – Guanajuato Silver Company Ltd. (the “Company” or
“GSilver”) (TSXV:GSVR)(OTCQX:GSVRF) announces that it will begin processing 3 rd party silver and gold mineralized material at its El Cubo mill located 11km east of Guanajuato, Mexico.

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