VANCOUVER, BC / ACCESSWIRE / November 2, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQB:SMDRF) (“Sierra Madre” or the “Company”) is pleased to announce that, further to the Company’s news release dated May 25, 2022 (the “Initial News Release”), the Company has entered into an amended and restated share purchase agreement dated October 28,
2022 (the “Amended Agreement”) with First Majestic Silver Corp. (“First Majestic”) in respect of its previously-announced acquisition of a 100% interest in the 39,714-hectare La Guitarra SilverGold Property (“La Guitarra”) in the Temascaltepec mining district, Mexico (the “Transaction”) through the purchase of all the issued and outstanding shares of La Guitarra Compania Minera S.A. de C.V. (“Subco”), a wholly-owned indirect Mexican subsidiary of First Majestic.