GSILVER DRAWS US$7.5M SILVER/GOLD PRE-PAYMENT FACILITY FROM OCIM

May 9, 2022 – Vancouver, BC – Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR)(OTCQX:GSVRF) has drawn down US$7.5 million from its silver and gold pre-payment facility (the “Pre-Payment Facility”) with Swiss-based precious metals trading firm, OCIM Precious Metals S.A. (“OCIM”), announced March 24, 2022. The net proceeds from the Pre-Payment Facility will be used to strengthen GSilver’s balance sheet for ongoing capital expenditures, development and operation of the Company’s El Cubo mine and mill complex located in central Mexico. (See GSilver news release dated March 24, 2022 – GSilver Signs Terms Sheet for US$7.5M Silver/Gold Pre-Payment Facility).

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