August 24, 2022 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “Company” or
“GSilver”) (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce financial and operating results for the
three months ended June 30, 2022. All dollar amounts are expressed in US dollars ($). Production
results are from the Company’s wholly owned El Cubo Mine Complex (“El Cubo”) and El Pinguico (“El
Pinguico”) project in Guanajuato, Mexico.