PRESS RELEASE

from Guanajuato Silver Company Ltd. (NASDAQ:GSVRF)

Guanajuato Silver Completes Updated NI 43-101 Technical Disclosure

VANCOUVER, BC / ACCESSWIRE / April 19, 2024 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to confirm that all four of the Company's National Instrument ("NI") 43-101 technical reports have now been updated and filed on SEDAR+. The updated technical reports cover the Valenciana, San Ignacio, Topia and El Cubo mine assets (the "Technical Reports"); importantly, other than as a result of normal depletion from mining activity, none of the previously stated mineral resource estimates have changed. The Technical Reports can be viewed under the Company's profile at www.sedarplus.com.

ON BEHALF OF THE BOARD OF DIRECTORS
"James Anderson"
Chairman and CEO

For further information regarding Guanajuato Silver Company Ltd., please contact:

JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
E: jjj@GSilver.com
Gsilver.com

Guanajuato Silver Bullion Store
Please visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Guanajuato Silver Company Ltd.



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