VANCOUVER, BC, Jan. 31, 2023 /CNW/ – GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces that it proposes to undertake a non-brokered private placement of units (each, a “Unit”), at a purchase price of $0.10 per Unit, to raise total gross proceeds of up to $3 million (the “Offering”). Each Unit will consist of one common share of the Company, and one-half (½) of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the Company at a price of $0.15 at any time on or before that date which is 24 months after the closing date of the Offering, except that, if the closing price of the Company’s common shares on the TSX Venture Exchange (“TSXV”) is equal to or exceeds $0.30 for 10 consecutive trading days, then the Company may anytime thereafter accelerate the expiry date of the warrants such that the new expiry date will be the 10 th day following the date on which the Company issues notice to all the warrant holders of the new expiry date.