August 30, 2022 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR)(OTCQX:GSVRF) is pleased to report that in conjunction with its recent acquisition of Minera Mexicana El Rosario S.A. de C.V. (“MMR”) from Great Panther Mining Limited, the Company has closed a US$5M concentrate pre-payment facility (the “OP Facility”) with Ocean Partners UK Limited, a metals off-take and trading firm. MMR owns 100% of the Topia Mine in Durango, Mexico and the San Ignacio Mine and Valenciana Mines Complex in Guanajuato, Mexico