REYNA SILVER ANNOUNCES BROKERED PRIVATE PLACEMENT FOR UP TO C$3.0 MILLION

May 31, 2022 – Vancouver and Hong Kong – Reyna Silver Corp. (TSXV: RSLV; OTCQX: RSNVF; FRA: 4ZC) (“Reyna” or the “Company”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (the “Agent”) to act as sole agent and bookrunner in connection with a “best efforts” private placement of up to 8,333,333 units of the Company (the “Units”) at a price of C$0.36 per Unit (the “Offering Price”) for gross proceeds of up to C$3,000,000 (the “Offering”).

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