Guanajuato Silver Provides Operations Update
~ Integration of New Mining Assets Advancing Ahead of Schedule ~

September 1, 2022 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide an operations update detailing the integration of the El Cubo mine and milling complex with the recently acquired Mexican mining assets
of Minera Mexicana El Rosario S.A. de C.V. (“MMR”) from Great Panther Mining Limited (“Great Panther”), comprising the Topia Mine in the State of Durango, and the San Ignacio Mine and the Valenciana Mines Complex (“VMC”) in the state of Guanajuato.

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