Silverton Metals to Acquire Margaritas Gold-Silver Property, Durango, Mexico

Vancouver, BC – May 30, 2022  – Silverton Metals Corp. (TSX-V: SVTN, OTCQB: SVTNF) (“Silverton” or the “Company”) is pleased to announce that it has entered into a share purchase agreement with Zapata Exploration Ltd. (“Zapata”) and 0924682 B.C. Ltd. (“0924682”) to acquire the Margaritas Gold-Silver Property (“Margaritas”) by acquiring all of the issued and outstanding shares of Zapata’s Mexican Subsidiary, Impulsora De Proyectos Mineros, S.A. De C.V. (“Impulsora”). The Margaritas Gold Property consists of two concessions totalling 500 hectares located in the state of Durango, Mexico.

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