Precipitate Provides Results from Barrick's Drilling at Pueblo Grande Project, Dominican Republic

Forward this email to a friend View email in your browser   Precipitate Provides Results from Barrick's Drilling at Pueblo Grande Project, Dominican Republic Vancouver, B.C. - July 14, 2021 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) announces Barrick Gold Corporation ("Barrick") has delivered laboratory results for the 10 diamond drill holes (totalling 2,514 metres ("m")) from the Company's 100% owned Pueblo Grande Project, as part of its earn-in agreement whereby Barrick has the right to earn a 70% interest in the Pueblo Grande Project located immediately adjacent to Barrick's Pueblo Viejo gold-silver mine in the Dominican Republic. The Barrick diamond drilling completed to-date has focused solely on a small part of the Lithocap Zone located immediately west of Barrick's Pueblo Viejo mining operation. Barrick's drilling tested several targets previously contemplated by Precipitate prior to the execution of the earn-in agreement. Laboratory data as reported by Barrick includes the following highlight results: 17.0m @ 0.22 grams per tonne gold (g/t Au) (from 61.5m down hole number 21-05) and 10.2m @ 0.44 g/t Au (from 185.5m down hole number 21-07). All other drill holes reported weak or sub-anomalous gold values. Barrick has advised the Company that it will continue its exploration work under the terms of the earn-in agreement and shift its exploration work toward other prospective gold and base metal zones located elsewhere within the Pueblo Grande Project, specifically La Lechoza (epithermal replacement or veins) and Tres Bocas (volcanogenic massive sulphide (VMS) Au-Ag-Cu-Zn) where past exploration and drilling identified mineralization within coincidental geological, geophysical and multi-element geochemical anomalies hosting elevated gold, silver, zinc and copper values. Historical highlight results for these two zones include the following: La Lechoza and Tres Bocas Zones Select historical highlight drill intercepts. Metres (m) Gold (g/t) Silver (g/t) Zinc (%) Zone Everton Resources News Source 10.6 2.96 104.9 9.4 Tres Bocas May 17/2006 (DDH TBM-07) 23.4 4.76 23.0   La Lechoza Jan 27/2011  (DDH APV-30) 27.0 2.46 26.7   La Lechoza Feb 02/2011 (DDH APV11-02) 7.5 2.56 47.2 4.4 La Lechoza Dec 20/2010 (DDH APV10-13) 10.5 2.29 65.0 3.4 La Lechoza Apr 13/2011 (DDH APV11-30) All above noted intercepts commence at less than 20m drill depth and are drill intercept widths.  The true thickness of the zones has yet to be determined. Jeffrey Wilson, Precipitate's President and CEO stated, "Although results from Barrick's first phase of drilling did not return significant mineralization, this initial phase of work only focused on a small fraction of the Ponton project, immediately west of Barrick's mining pits. Barrick's continued exploration within additional areas of the project speaks to Ponton's prospectivity and ongoing exploration potential. We're pleased to see Barrick furthering its exploration efforts toward zones where significant near-surface gold and silver mineralization have been reported in historic drill assays." Ongoing Barrick exploration results will be reported as they become available to Precipitate. See accompanying map for location of priority zones: Precipitate's Ponton Project Map depicting multiple mineralized zones and area of Barrick's initial drilling. 2021 drill program core samples were collected under the supervision of Barrick Senior staff. HQ, and NTW diameter diamond core was descriptively logged on site, aligned, marked for sampling and then cut in half, longitudinally, using a rock saw. One-half of the core is preserved in core boxes for verification and future reference. Rock samples were bagged, sealed and delivered directly to Bureau Veritas ("BV") preparation facility in Maimon Dominican Republic where they were dried, crushed and pulped. Sample pulps were then delivered to BV facilities in Vancouver British Columbia Canada for analyses (an ISO 9001 accredited facility). Samples were crushed to with more than 70% passing 2mm mesh and split using a riffle splitter (code PRP70-250). An approximately 250 gram sub-sample split was pulverized to minus 200 mesh (74μm). A 50 gram pulp sub-spilt subjected to fire assay for gold (ICP-ES finish) (code FA450-Au). All coarse rejects and pulps are currently stored at BV. Certified standards and local limestone blanks were inserted into sample shipments as a quality control measure in addition to the internal quality control measures applied by the laboratory. This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards. About Precipitate Gold: Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. The Company is exploring its 100% owned Ponton and Juan de Herrera projects. The Company has entered into an Earn-In Agreement with Barrick Gold Corporation, whereby Barrick can earn a 70% interest in the Company's Pueblo Grande Project by incurring US$10M within six years and producing a qualifying Pre-feasibility Study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value, in the Dominican Republic and other favourable jurisdictions. Additional information can be viewed at the Company's website www.precipitategold.com. On Behalf of the Board of Directors of Precipitate Gold Corp., "Jeffrey Wilson" President & CEO For further information, please contact: Tel: 604-558-0335     Toll Free: 855-558-0335     investor@precipitategold.com Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.'s ("Precipitate" or the "Company") current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Copyright © 2021 Precipitate Gold Corp., All rights reserved. You are receiving this email because you subscribed for updates via our website. Our mailing address is: Precipitate Gold Corp. 625 Howe Street, Suite 1020 Vancouver, BC V6C 2T6 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

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White Gold Corp. Announces Fully Subscribed C$4 Million Private Placement

White Gold Corp. Announces Fully Subscribed C$4 Million Private Placement  Share this story... ‌ ‌ ‌ Toronto, ON – July 13, 2021 – White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company” or “White Gold”) is pleased to announce it has entered into an agreement with Clarus Securities Inc. (“Clarus” or the “Lead Agent”) and a syndicate including Eight Capital, and Stifel GMP (together with the Lead Agent the “Agents”) who will act on behalf of the Company, on a “best efforts” agency basis, in connection with a brokered private placement (the “Offering”) of premium flow-through units (each a “Premium Flow-Through Unit”), at a price of $0.87 per Premium Flow-Through Unit, flow-through common shares (each a “Flow-Through Share”), at a price of $0.75 per Flow-Through Share, and units of the Company (each a “Unit”) at a price of $0.65 per Unit. Each Unit shall consist of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Common Share at a price of $0.80 for a period of 24 months following the closing date of the Offering. Each Premium Flow-Through Unit shall consist of one Flow-Through Share and one-half of one Warrant. The Flow-Through Shares to be issued pursuant to the Offering will be issued as “flow-through shares” with respect to “Canadian exploration expenses” within the meaning of the Income Tax Act (Canada). The Company will grant the Agents an option (the “Agent’s Option”), which will allow the Agents to offer up to an additional 20% of the Offering, on the same terms as the Units, Premium Flow-Through Units and Flow-Through Shares. The Agent’s Option may be exercised in whole or in part at any time prior to the Closing Date of the Offering.  “We are very grateful for the continued support of our major shareholders as we embark on our 2021 field season, which we anticipate to be exciting and impactful focused on highly anticipated targets, recent discoveries and our existing mineral resources. Further details to be provided in the coming weeks.” stated David D’Onofrio, Chief Executive Officer. The gross proceeds from the sale of the Premium Flow-Through Units and the Flow-Through Shares will be used by the Company to incur exploration expenditures on its properties in the White Gold District of the Yukon Territory (the “Qualifying Expenditures”) prior to December 31, 2022. The Qualifying Expenditures will be renounced to subscribers of Premium Flow-Through Units and Flow-Through Shares for the fiscal year ended December 31, 2021. The gross proceeds from the sale of the Units will be used for general corporate expenses. Pursuant to existing investor rights agreements between the Company and each of Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) (“Agnico”) and Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross”), both Agnico and Kinross have the right to participate in the Offering in order to maintain their respective interests in the Company, and both have indicated to the Company that they will each maintain their current 17% interest in the Company.   This proposed Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.   The Premium Flow-Through Units, the Flow-Through Shares and the Units to be issued under the Offering will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the Offering is anticipated to occur on or about July 29, 2021 or such other date as may be agreed to by the Company and Clarus (the "Closing Date"). The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the Closing Date in accordance with applicable securities legislation. Participation by Agnico and Kinross, and any other insiders of the Company (collectively, the “Insiders”), in the Offering will be considered a “related party transaction” pursuant to Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company will be exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Insiders’ participation in the Offering in reliance of sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report will be filed in connection with the participation of Insiders in the Offering less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.  This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. PRESENTATION OVERVIEW FACT SHEET FOLLOW US ‌ ‌ ‌ ‌ ‌ About White Gold Corp. The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares representing over 40% of the Yukon’s prolific White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s recently acquired VG Deposit also hosts a historic Inferred gold resource of 230,000 ounces at 1.65 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t Au(3), and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu(4). For more information visit www.whitegoldcorp.ca. (1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR. (2) See Comstock Metals Ltd. technical report titled “NI 43-101 TECHNICAL REPORT on the QV PROJECT”, dated August 19, 2014, prepared by Jean Pautler, P.Geo., and Ali Shahkar, P.Eng., available on SEDAR. (3) See Newmont Corporation press release titled “Newmont Reports 2019 Gold Mineral Reserves of 100 Million Ounces, Largest in Company History”, dated February 13, 2020, available on SEDAR. (4) See Western Copper and Gold Corporation press release titled “Western Copper and Gold Announces Significant Resource Increase at Casino”, dated July 14, 2020, available on SEDAR. Qualified Person Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.    Cautionary Note Regarding Forward Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Offering, the use of proceeds from the Offering, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forwardlooking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. For Further Information, Please Contact: Contact Information: David D’Onofrio Chief Executive Officer White Gold Corp. (647) 930-1880 ir@whitegoldcorp.ca  To Book a Meeting with Management: https://whitegoldcorp.ca/contact/request-information/

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Latin Metals Announces Results of Annual General Meeting

Latin Metals Announces Results of Annual General Meeting July 12, 2021 Vancouver, B.C. – Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) announces the results of voting from its Annual General Meeting of shareholders (the "Meeting") held on July 7, 2021.  A total of 30,928,120 of the Company's issued and outstanding common shares ("Common Shares") were present or represented by proxy at the Meeting, representing 64.43% of the outstanding Common Shares. All resolutions set out in the Company's notice of meeting and information circular were passed by shareholders. Each of the five nominees - Davis Cass, Hendrik van Alphen, Keith Henderson, Robert Kopple and Ryan King proposed as Directors and listed in the Company's Management Information Circular were elected as Directors by a 100% of the votes cast at the Meeting. The shareholders re-appointed Smythe LLP, Chartered Professional Accountants as auditors of the Company for the ensuing year and approved the Company's 10% rolling stock option plan. The stock option plan is subject to annual TSX Venture Exchange acceptance. Subsequent to the annual general meeting, the board of directors appointed the following officers: Keith Henderson as President & Chief Executive Officer, and Dani Palahanova as Chief Financial Officer and Corporate Secretary. Investor Relations and Marketing Contracts Latin Metals has engaged Lycan Capital Corp. (the "Consultant"), to lead a new investor communications and outreach program.  The Company has agreed to pay the Consultant $30,000 for an initial term of one year.  The agreement terminates in March 2022 unless extended by the Company.  To the Company's knowledge, the Constant does not have any direct interest in the Company or its securities. About Latin Metals Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.  The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration.  Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.   On Behalf of the Board of Directors of LATIN METALS INC. "Keith Henderson" President & CEO For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com. For further information, please contact: Keith Henderson Suite 890 999 West Hastings Street Vancouver, BC, V6C 2W2 Phone: 604-638-3456 E-mail:  info@latin-metals.com Neither 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 news release. View in PDF Format Copyright 2021 Latin Metals Inc. All rights reserved You are receiving this email because you have subscribed to receive email updates via our website Unsubscribe | View Online Corporate Office: Latin Metals Inc. Suite 2300 - 1177 West Hastings Street Vancouver, BC Canada V6E 2K3 T: +1 (604) 638-3456 info@centeneramining.com

GSilver Drills 0.90m of 953 gpt AgEq within 8.10m of 173 gpt AgEq

GSilver Drills 0.90m of 953 gpt AgEq within 8.10m of 173 gpt AgEq Underground Drilling Continues at El Pinguico VANCOUVER, BC / ACCESSWIRE / July 7, 2021 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide additional drilling results from its ongoing diamond drill program at the El Pinguico project located 7km south of the city of Guanajuato, Mexico. Results: Both drill holes P21-09 and P21-10 cut through intervals of both the San Jose and El Pinguico veins from the San Jose #1 drill station. Especially noteworthy, P21-10 was drilled 'up' (above the horizon) at a +30-degree angle to test for extensions of vein material above El Pinguico's previous mining during the early 1900s. This drill hole returned 0.90m of 5.96 gpt Au and 476 gpt Ag or 953 gpt AgEq, within a broader interval of 8.10m of 1.00 gpt Au and 93 gpt Ag. The Company is modeling variability within the vein system to determine how best to target areas where width and grade become more favourable. The wider thicknesses - 8.10m in P21-10 and 7.95m in previously released hole P21-08 are potentially very attractive mining widths in a typically narrow vein mining jurisdiction. San Jose #1 Drill Station: Drill  Hole From  (m) To (m) Interval  (m) Au  gpt Ag  gpt AgEq  gpt(2) Description/  Interpretation P21-08(1) 102.25 103.90 1.65m 2.45 125 321 San Jose vein   169.20 177.15 7.95m 1.35 39 147 El Pinguico vein including 169.70 170.45 0.75m 8.81 208 913 El Pinguico vein and 176.15 177.15 1.00m 1.65 45 177 El Pinguico vein P21-09 91.20 91.85 0.65m 0.49 38 77 San Jose vein   165.05 165.70 0.65m 0.65 51 103 El Pinguico vein P21-10 57.90 59.50 1.60m 0.22 10 28 San Jose vein   107.55 115.65 8.10m 1.00 93 173 El Pinguico vein including 113.00 113.90 0.90m 5.96 476 953 El Pinguico vein Note: Assays for drill hole P21-08 were previously reported on May 3, 2021 in this News Release. Note: All Silver Equivalent values are calculated on a long-term silver to gold price ratio of 80 to 1 as used in the Company's recently published NI43-101 PEA report written by consultants Behre Dolbear and Company (USA), Inc. No attempt has been made by the Company to establish the true width of veins reported in this news release as the Company has determined that it would be premature to do so. COO Hernan Dorado remarked: "The main El Pinguico vein structure pinches and swells, occasionally showing widths of more than 8 meters - noteworthy and very attractive in the Guanajuato region. This vein is parallel / sub parallel to the San Jose vein, with the two veins appearing to widen and coalesce at depth. These veins contain varying degrees of silicified breccia and classic banded quartz, quartz-calcite and calcite veining. The veins are generally hosted in a volcanic rhyolite sequence with weak to strong propylic and argillic alteration. Sulphides are present as thin dark grey to black blebs in micro fractures and within the matrix of the rocks". Additional Drilling: GSilver's drilling progress has been hampered in recent weeks by delays at its principal third party assay lab in Durango, Mexico. The late return of assays necessitated GSilver halting drilling for a period of three weeks in May, to allow our geological data to 'catch up' with our drilling. Drilling has recommenced and is again ongoing at El Pinguico. Drill holes P21-11 through P21-14 have been drilled, split, and sent for assay, and will be reported on when received and fully interpreted by our geological staff. P21-15 has been collared and is being drilled as of today's date. Veins Coalescing at depth: New modelling of drill holes P21-08 and P21-13 (drilled on the same section; and at 45 degrees and 60 degrees respectively), suggest that the San Jose vein and El Pinguico veins get closer and may merge at depth. Once assay data has been received for holes P21-11 through P21-14, the Company plans to create plan and section images for its website, to better illustrate for readers its developing understanding of the known vein systems. Future Drilling: Now that the general location, apparent widths, and orientation of the San Jose and El Pinguico veins have been established in proximity to the San Jose # 1 drill station, geological staff are designing and budgeting a drill program that will attempt to connect vein material below the #7 adit level, from the San Jose #1 drill station to within 75m of the #7 adit portal - a distance of some 450m. The drill program will consist of approximately 3800m of drilling in approximately 18 drill holes to be completed between now and December 2021. If drilling is successful, the Company plans to engage a third party to initiate an NI 43-101 compliant resource estimate, which will be the first in-situ resource completed at El Pinguico, will complement the already established resources of surface and underground stockpile material and will help inform continued exploration of the El Pinguico project. Other Exploration Efforts: The Company has now systematically sampled exposed vein material of the accessible sections of the #7 adit, south of the El Pinguico shaft - a distance totalling approximately 500m. These samples have also been sent out for assay, will be released when received by the Company, and will also aid in targeting further drilling in this area. Drill Contract for El Cubo: GSilver is reviewing proposals from several contract drilling companies to begin an infill and exploration drilling program at El Cubo. The Company's current resources at El Cubo consist of 508,555 tonnes of indicated material grading 2.44 gpt Au and 194 gpt Ag (389 gpt AgEq) and 1,453,000 tonnes of inferred material grading 2.78 gpt Au and 214 gpt Ag (435 gpt AgEq). (Behre Dolbear [USA] Company Ltd., January 2021 PEA as first reported on February 16, 2021). A program to develop this resource into higher confidence categories as well as expand the size of the resource with exploration and extensional drilling is currently being planned. Details of that program will be shared by the Company when finalized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There has been insufficient exploration to allow for the classification of the inferred resources at El Cubo as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the inferred mineral resources could be upgraded to indicated or measured mineral resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. Sampling and quality assurance/quality control: The drill core was first reviewed by a geologist who identified and marked intervals for sampling. The marked sample intervals were cut in half with a diamond saw with half of the core left in the core box and the other half removed, placed in plastic bags, sealed and labeled. Intervals and unique sample numbers are recorded on the drill logs and the samples are sequenced with standards and blanks inserted according to a predefined QA/QC procedure. The samples are maintained under security on site until they are shipped to the analytical lab. The analytical work reported on herein was performed by SGS Mexico, S.A de C.V, Durango, Mexico. SGS is an ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) geo-analytical laboratory and is independent of GSilver and its "qualified person". Core samples were subject to crushing at a minimum of 70 per cent passing two millimeters, followed by pulverizing of a 250-gram split to 85 per cent passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30-gram fire assay (FA) analysis, in addition to Silver and 34-element using fire assay and gravimetry termination. GSilver follows industry-standard procedures for the work carried out at the El Pinguico silver-gold project, with a quality assurance/quality control (QA/QC) program. Blank and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. GSilver detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. Hernan Dorado Smith, a director of GSilver and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release. About Guanajuato Silver Co. Ltd.: GSilver is an exploration and development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is focused on the refurbishment of the El Cubo mine and mill, and swift re-commencement of production from the El Cubo and El Pinguico Combined Operation, as well as delineating additional silver and gold resources through underground and surface drilling on its projects located in this 480-year-old mining camp. The Company's El Pinguico project is a significant past producer of both silver and gold located just 7 kilometers south of the city, and 8km by road from its El Cubo Mill. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Co. Ltd, please contact: James Anderson, Director, +1 (778) 989-5346 Email: james.anderson@GSilver.com  Continue to watch our progress at: www.GSilver.com 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. Forward-Looking Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the estimates of mineral resources; the attractiveness of potential vein widths and potential coalescing of the San Jose and El Pinguico veins at depth; the opportunities for exploration, development and future production from El Cubo and El Pinguico and the proposed exploration and development programs therefor and the timing and costs thereof; the ability of the Company to successfully refurbish the El Cubo mill, procure equipment, hire personnel and supply and process sufficient mineralized material and resources from El Cubo and El Pinguico through the mill to successfully begin commercial production of silver and gold in Q4 2021 at the projected amounts, grades, costs and revenues and the success related to any future exploration and/or development programs. Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral resource estimates at El Cubo and El Pinguico and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; success of the Company's combined El Cubo / El Pinguico operation; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, actual resource grades and recoveries of silver and gold, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to successfully re-start the El Cubo mill to process mineralized materials to produce silver and gold in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to begin processing mineralized material from its above and underground stockpiles at El Pinguico and estimated resources at El Cubo through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's recently announced preliminary economic assessment and projected production of silver and gold will be realized. There is also uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico and/or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. Cautionary Note for U.S. Investors regarding Reserve and Resource Estimates Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") set forth in Industry Guide 7 ("Industry Guide 7"), and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies in accordance with Industry Guide 7. In particular, but without limiting the generality of the foregoing, this news release uses the terms "measured mineral resources", ''indicated mineral resources'' and ''inferred mineral resources''. U.S. investors are advised that, while such terms are recognized and required by Canadian securities laws, Industry Guide 7 does not recognize them. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of "inferred mineral resources" exist, are economically or legally mineable or will ever be upgraded to a higher category. Under Canadian securities laws, estimated "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of "contained ounces" in a mineral resource is permitted disclosure under Canadian securities laws. However, Industry Guide 7 normally only permits issuers to report mineralization that does not constitute "reserves" by Industry Guide 7 standards as in place tonnage and grade, without reference to unit measures. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with Industry Guide 7. Guanajuato Silver Company Ltd. PH: +1(778) 989-5346 E: info@GSilver.com W: GSilver.com CA: Suite 578 - 999 Canada Place, Vancouver B.C. V6C 3E1 MX: Carretera - Guanajuato - Silao km 5.5, Int 4, Col. Marfil CP36250, Guanajuato, Gto., Mexico SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/654485/GSilver-Drills-090m-of-953-gpt-AgEq-within-810m-of-173-gpt-AgEq Copyright © 2021 Guanajuato Silver Company Ltd., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Guanajuato Silver Company Ltd. 578 – 999 Canada Place Vancouver, BC V6C 3E1 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.