IMPACT Silver Announces Q1 2023 Results Including Improved Revenue of $5.1 Million from Increased Mill Throughput and Gold Production

Vancouver, British Columbia–(Newsfile Corp. – May 23, 2023) – IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) (“IMPACT” or the “Company”) announces its financial and operating results for the first quarter ended March 31, 2023 from its Royal Mines of Zacualpan mine operations in central Mexico. The Company reports revenue of $5.1 million inQ1 2023, representing a 10.4% improvement over revenue of $4.6 million inQ1 2022. Mine operating earnings (before amortization anddepletion) inQ1 2023 was $0.6 million. The net loss during the period was $0.3 million compared to a net loss of $0.06 million in the same period of 2022.

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