MAG SILVER CLOSES US$42.6 MILLION COMMON SHARE OFFERING

Vancouver, B.C. MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company”) announced today that it has completed its previously announced bought deal public offering and has issued 2,905,000 common shares (the “Common Shares”), including 170,000 Common Shares issued upon the partial exercise of the over-allotment option, at a price of US$14.65
per Common Share for gross proceeds of US$42,558,250 (the “Offering”). MAG intends to use the net proceeds of the Offering to fund exploration on Juanicipio and MAG’s other projects including Deer Trail, certain sustaining capital requirements at the Juanicipio Project not included in the initial project capital estimates, and for working capital and general corporate purposes.

Update on Trading Halt and Progress Towards Completion of the Ana Paula Acquisition

Dear Investor, 

Heliostar Metals’ shares remain in a trading halt due to our acquisition of Ana Paula from Argonaut Gold.  

A transaction of this size requires a number of key supporting documents for the securities exchange. That  includes audited financial statements and a current technical report. As the cost to build mines has increased  since 2017, we must update the 2017 Prefeasibility Study (PFS) to current-day metal and input prices.  

TOREX GOLD PROVIDES INAUGURAL QUARTERLY UPDATE ON MEDIA LUNA PROJECT

TORONTO, Feb. 09, 2023 (GLOBE NEWSWIRE) — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides an inaugural quarterly update on the development of its Media Luna Project (“Media Luna”), for which a Feasibility Study was included as part of an updated Technical Report released on March 31, 2022 (“Technical Report”). Unless otherwise stated, progress and milestones referenced in this press release are as of December 31, 2022.

Colibri Announces That It and Its Partner Have Earned 50%of Diamante Project

Dieppe, New Brunswick–(Newsfile Corp. – February 8, 2023) – Colibri Resource Corporation (TSXV: CBI) (“Colibri” or the “Company”) is pleased to report that the Company and its partner Silver Spruce Resources (“Silver Spruce”) have earned a 50% ownership interest in the Diamante Gold & Silver Project (“Diamante” or “Project”) located in Sonora Mexico. Vendor Bimsa Minera SA de CV of Mexico (“Bimsa”), a privately owned Mexico based mineral exploration company retains 50% ownership in the Property. Highlights of drilling completed on the property during the summer of 2022 are summarized in the table below.

Barksdale Warrants Exercised and Options Issued

Vancouver, British Columbia–(Newsfile Corp. – February 8, 2023) – Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) (“Barksdale” or the “Company”) is pleased to report that 8,050,287 common share purchase warrants, with an exercise price of $0.55 issued on September 29 and October 1, 2020, have now been exercised prior to their January 31, 2023 expiry. The warrant exercises generated gross proceeds of approximately $4.4 million, with approximately $3.8 million coming from warrant exercises in January 2023. As of February 3, the Company’s unaudited cash position is approximately $6.6 million with issued capital of 80,239,886 common shares.

Prismo Metals Files Drilling Permit Application for Los Pavitos

Vancouver, British Columbia, February 8, 2023 – Prismo Metals Inc. (CSE:PRIZ, OTCQB: PMOMF) (“Prismo” or the “Company”) is pleased to announce that its drilling permit application for Los Pavitos has been submitted, opening the door to a drilling program. The Los Pavitos project consists of a 5,289-hectare (the equivalent of 53 square km or 20 square miles) concession located in the well mineralized Alamos region of southern Sonora State, Mexico.

SONORO GOLD REPORTS UPDATED MINERAL RESOURCE ESTIMATE AT CERRO CALICHE GOLD PROJECT

VANCOUVER, Canada, February 7, 2023 – Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) ( “Sonoro” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for the Cerro Caliche gold project in Sonora, Mexico. The MRE has been prepared by SRK Consulting (U.S.) Inc. (SRK) in accordance with the requirements of National Instrument 43-101 and is based on a total 59,500 meters of drilled data including 544 drill holes, 17 trenches and assays for 57,500 meters of the drilled data.