September 13, 2022 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “Company” or
“GSilver”) (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide an exploration update highlighting historical
drillhole data within certain areas of the Company’s 100% owned Valenciana Mines Complex (“VMC”) in
Guanajuato, Mexico.