SIERRA MADRE DRILLING INTERSECTS 3.05 METRES GRADING 743 G/T AGEQ & 4.5 METRES GRADING 402 G/T AGEQ AT THE TEPIC PROJECT, NARARIT, MEXICO

Vancouver, British Columbia – April 27, 2022 – Sierra Madre Gold and Silver Ltd. (TSXV: SM, OTCQB: SMDRF) (“Sierra Madre” or the “Company”) is pleased to announce the results of additional drill holes from the Phase 2 drilling program at its Tepic Silver/Gold Project in the State of Nayarit, Mexico.

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