Guanajuato Silver Drills 4.89 Metres True Width of 359 g/t AgEq at San Ignacio

May 18, 2023 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “Company” or “GSilver”)
(TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to provide recent drill results from the Company’s wholly
owned San Ignacio mine (“San Ignacio”) in Guanajuato, Mexico and the Topia mine (“Topia”) in Durango,

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