Guanajuato Silver Reports Q1 2023 Financial and Operating Results

May 26, 2023 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to announce financial and operating results for the three months ended March 31, 2023. All dollar amounts are in US dollars (US$). 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”) in Guanajuato, Mexico, and Topia mine (“Topia”) located in Durango, Mexico.

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