Vancouver, BC — January 23, 2023 — Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today provided a quarterly update on the drilling and exploration programs in the Los Gatos district (“LGD”), including the extension of the South-East Deeps zone at its 70%-owned Cerro Los Gatos (“CLG”) mine. The Company also announced a corporate update regarding the timeline for filing outstanding financial statements.