April 10, 2023 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to announce selected financial information and consolidated production results for the year ended December 31, 2022. The Company’s consolidated financial statements for the year ended December 31, 2022 and Management’s Discussion and Analysis (“MD&A”) thereon can be viewed under the Company’s profile at http://www.sedar.com. Production results are from the Company’s wholly owned El Cubo Mines Complex (“El Cubo”), Valenciana Mines Complex (VMC), and San Ignacio Mine (“San Ignacio”) located in Guanajuato, Mexico, and the Topia Mine (“Topia”) located in Durango, Mexico.