SIERRA MADRE REPORTS 12 METRES GRADING 2.91 G/T AUEQ; INCLUDING 4.5 METRES GRADING 7.05 G/T AUEQ AT LA TIGRA PROJECT, NAYARIT, MEXICO

Vancouver, British Columbia – February 15, 2022 – Sierra Madre Gold and Silver Ltd. (TSXV: SM, OTCQB:
SMDRF) (“Sierra Madre” or the “Company”) is pleased to announce additional results from trenching and a project update at its La Tigra project located in the State of Nayarit, Mexico. Trench intercepts are located northwest of the previous announced trenches (see News Release dated Nov. 16, 2021) and are summarized in the table below.

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