White Gold Corp. Announces Fully Funded $6 Million 2022 Exploration Program on its District Scale Land Package, Yukon, Canada

TSX.V: WGO, OTCQX: WHGOF, FRA: 29W

White Gold Corp. Announces Fully Funded $6 Million 2022 Exploration Program on its District Scale Land Package, Yukon, Canada Share this story... ‌ ‌ ‌ May 18, 2022 - Toronto, ON - White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce plans for the 2022 exploration program on its district scale 350,000 hectare land package, representing over 40% of the emerging White Gold District in Yukon, Canada. The 2022 program is designed to further evaluate targets on the Betty and White Gold properties to follow up on 2021 exploration which continued to produce very encouraging results as well as to perform maiden drill testing on several other targets. A significant early-stage regional exploration program is also planned to identify and advance other targets on the Company’s extensive and under explored land package. The 2022 $6 million program is fully funded and is scheduled to commence in the coming weeks, with additional detail on the various components of the program to be released in due course. A district scale map outlining the Company’s 2022 exploration work areas (Figure 1) as well as more detailed figures of key work areas can be found at https://whitegoldcorp.ca/investors/exploration-highlights/.  “We expect 2022 to be another exciting year for White Gold as we build on the success of our 2021 program where we made a very significant new high-grade gold discovery on our Betty property and continued to expand the large footprint of mineralization at the Ryan’s Surprise/Ulli’s Ridge Zones. These results further demonstrate the expansiveness of gold mineralization in the White Gold district and the potential for continuing to increase our significant defined gold resources. In 2022 we have designed a very impactful program to further diamond drill test these recent high-grade gold discoveries as well as advance other high-priority targets across our expansive and underexplored land package. Extensive review and analysis performed in the off-season has also provided insightful new interpretations on several projects which we are excited to integrate into our methodical program,” stated David D’Onofrio, Chief Executive Officer Highlights Include: 7,500m of drilling, including 5,000m of diamond drilling, 1,000m of reverse circulation (RC) drilling and 1,500m of rotary air blast (RAB) drilling. Drilling at the Betty Ford target will test for extensions of the near surface breccia-hosted high grade gold zone, where 2021 maiden diamond drilling intersected 3.46 g/t Au over 50.0m in hole BETFD21D003 and 1.17 g/t Au over 48.0m in hole BETFD21D001 (Figure 2). Maiden diamond drilling at the Mascot target, 5km east of the Betty Ford discovery to test mineralized zones identified in historical RC drilling which included 2.62 g/t Au over 41.1m in hole BETR12-022 at the Page zone, 29.75 g/t Au over 3.10m in BETR12-012 and 2.19 g/t Au over 10.7m in BETR12-014 at the Boop zone, and 1.48 g/t Au over 21.3m in BETR12-007 at the Davis zone. Additional prospective targets at the Betty property will be tested with RC and RAB drilling. Diamond drilling on the White Gold property will be focused on the Ryan’s Surprise and Ulli’s Ridge target area (Figure 3). Drilling will be carried out to test the gap area between Ryan’s Surprise and Ulli’s Ridge to determine if they are part of the same mineralized zone and to further test the high-grade gold discovery at Ulli’s Ridge where 2021 maiden diamond drilling intersected 6.94 g/t Au over 19.5 m in hole WHTULR21D004. Focused prospecting will be carried out along the 6.5 km long NNW gold and arsenic soil geochemical trend (Ryan’s Trend) located 2km west of Golden Saddle, with plans to test high priority anomalies with RAB drilling. A regional early-stage exploration program based on the Company’s proven methodologies will include 10 properties with the goal of identifying and defining new targets. Further details on the 2022 drilling and other exploration programs will be announced in the coming weeks and months in respect of the different components of the programs. Figure 1 - Property Boundaries Location Map Figure 2 - Betty Property Betty Property The Betty property is strategically located in the southern part of the Company’s land package, approximately         15 km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino porphyry deposit (Measured & Indicated Resources of 14.5 Moz gold & 7.6 Blbs copper and Inferred Resources of 6.6 Moz gold and 3.3 Blb copper(4)) and 40 km east of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee gold deposit (Measured & Indicated Resources of 2.14 Moz gold and Inferred Resources of 0.23 Moz gold(3)). The property covers the eastern strike extension of the east-trending dextral strike-slip Coffee Creek Fault which exerts important structural controls on gold mineralization at the Coffee deposit.   Planned 2022 drilling at Betty includes a combination of diamond drilling, reverse circulation (RC) and rotary air blast (RAB) drilling on several prospective targets, the most notable being the Betty Ford and Mascot targets.   At Betty Ford, maiden diamond drilling in 2021 intersected a newly identified polylithic breccia unit that hosts significant near-surface gold mineralization (see Company news release dated Nov. 17, 2021, available on SEDAR). Hole BETFD21D001 intersected 1.17 g/t Au over 48.0m from 19.0m downhole, and hole BETFD21D003, located 100m to the east, intersected 3.46 g/t Au over 50.0m from 33.0 m downhole. This year additional diamond drilling and RC drilling will further evaluate the Betty Ford target to determine the extent and continuity of mineralization.   A maiden diamond drilling program is also planned at the Mascot target which is located approximately 5 km east-southeast of the Betty Ford. The Mascot area is underlain by intrusive rocks and covers a large cluster of gold soil geochemical anomalies measuring 4km E-W x 4km N-S. In 2012, previous operator Ethos Gold Corp. (“Ethos”) carried out an RC drilling program at Mascot, completing 61 holes totalling 7,132 m. Ethos’s drilling targeted gold soil anomalies with 50m sample spacings. In 2020 the Company carried out infill soil sampling at 25m spacings to better define the anomalies. Additionally, a new structural geological interpretation has helped to better identify structural controls on gold mineralization (see Company news release dated August 11, 2021, available on SEDAR). The 2022 diamond drilling will test 3 of the highest priority mineralized zones identified in the Ethos RC program, including the Page zone (2.62 g/t Au over 41.1 m in hole BETR12-022), the Boop zone (29.75 g/t Au over 3.10m in BETR12-012 and 2.19 g/t Au over 10.7 m in BETR12-014) and the Davis zone (1.48 g/t Au over 21.3 m in BETR12-007).   A combination of RC and RAB drilling will also test several additional targets elsewhere on the property including the Black Betty target located directly on the Coffee Creek Fault approximately 5km west-northwest of Betty Ford and the Betty Grable target which may represent a strike extension of the Betty Ford 1.5 km to the west. Figure 3 - White Property White Gold Property The White Gold property hosts the Company’s flagship Golden Saddle and Arc deposits which have a current combined 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). Exploration drilling over the past 2 seasons has focused on identifying new zones of gold mineralization proximal to the deposits with potential to increase the project’s total gold resource base.   Planned 2022 diamond drilling will focus on the Ryan’s Surprise and Ulli’s Ridge targets, with drilling targeting 3 separate areas: 1) testing of the area between the Ryan’s Surprise and Ulli’s Ridge targets to determine if they are part of the same mineralized zone; 2) test the strike and depth extents of high-grade gold encountered in the 2021 maiden diamond drilling program at Ulli’s Ridge which was highlighted by 6.94 g/t Au over 19.5 m in hole WHTULR21D004 and 3) infill drilling at Ryan’s Surprise to extend and/or connect zones previously identified.   A focused prosecting program is also planned to evaluate the 6.5 km long north-northwest gold and arsenic soil geochemical trend, referred to here as the Ryan’s Trend, which is located approximately 2km west of the Golden Saddle deposit and which also hosts the Ryan’s Surprise and Ulli’s Ridge Targets. Targets will be ranked based on prospecting results and will be RAB drill tested later in the field season. The Company views this area as being highly prospective for new discoveries.   Regional Program   A significant regional exploration program will also be carried out on 10 additional early-stage properties. Work will include geological mapping and prospecting, soil geochemical surveys, LiDAR surveys and drone-borne magnetic surveys. The goal of these programs is to identify new targets that will become the focus of follow-up exploration.   All drill hole intercepts reported in this news release are core and/or RC lengths. Currently there is insufficient data to estimate true thickness. FOLLOW US ‌ ‌ ‌ ‌ ‌ About White Gold Corp. The Company owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 350,000 hectares representing over 40% of the Yukon’s emerging 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 an Inferred gold resource of 267,600 ounces at 1.62 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”, Effective Date May 15, 2020, Report Date July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR. (2) See White Gold Corp. technical report titled “Technical Report for the QV Project, Yukon, Canada”, Effective Date October 15, 2021, Report Date November 15, 2021, available on SEDAR. (3) See Newmont Corporation news release titled “Newmont Reports 2021 Mineral Reserves of 93 Million Gold Ounces and 65 Million Gold Equivalent Ounces”, dated February 24, 2022: https://www.newmont.com/investors/news-release/default.aspx. (4) See Western Copper and Gold Corporation technical report titled “Form 43-101F1 Technical Report Preliminary Economic Assessment”, Effective Date June 22, 2021, Report Date August 2, 2021 , prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., and Daniel Friedman, P.Eng., 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 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 forward-looking 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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Precipitate Receives US$5.0M Cash and 3% NSR from Barrick for Non-Core Areas of Pueblo Grande Project in Amendment to Exploration Earn-In Agreement

Forward this email to a friend View email in your browser   Precipitate Receives US$5.0M Cash and 3% NSR from Barrick for Relinquishing Non-Core Areas of Pueblo Grande Project in Amendment to Ongoing Exploration Earn-In Agreement Vancouver, B.C. – May 13, 2022 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) is pleased to announce that the Company and Barrick Gold Corporation ("Barrick") have entered into an amendment (the "Amendment") to the existing exploration earn-in agreement (the "Earn-in Agreement") in respect of the Company's Pueblo Grande Project (the "Project"), located immediately adjacent to Barrick's world class Pueblo Viejo mining operation in the Dominican Republic, pursuant to which Precipitate has agreed to relinquish or reduce certain portions of select exploration concessions within the Project (the "Subject Areas") for a cash consideration of US$5,000,000 and the granting to Precipitate of a 3% net smelter return ("NSR)" royalty over the Subject Areas. In consideration for Precipitate's relinquishment or reduction of the Subject Areas, Barrick: Paid Precipitate US$5,000,000 in cash (approximately $6,400,000 Canadian) upon entering into the Amendment; Agreed to grant Precipitate a 3% NSR over the Subject Areas (with no re-sale restrictions or rights of first refusal or rights of first offer to Barrick); Agreed to commence, within three months of receipt of a drilling permit, the final 1,200 metres of a minimum 3,200 metre condemnation drilling program within the Subject Areas (2,500 metres already completed); Agreed that if, following the completion of the above-mentioned condemnation drilling, Barrick determines that the extraction of mineralization within a certain portion of the Subject Area is economically justifiable, Barrick will transfer the mining rights in such area back to Precipitate at no cost, at which time such area will be reinstated as part of the Project under the Earn-in Agreement and the NSR will be amended to remove any royalties with respect to such area; and Agreed that it will provide advance notice to Precipitate if, at any time prior to the 10-year anniversary of the Amendment, Barrick intends to relinquish the mining rights over all or a portion of the Subject Areas and will work cooperatively with Precipitate to facilitate the transfer of such mining rights to Precipitate if Precipitate notifies Barrick that it wishes to acquire such rights. Jeffrey Wilson, Precipitate's President & CEO stated, "We are excited to announce this amendment to our ongoing Earn-in Agreement with Barrick as we believe the cash consideration of approximately $6,400,000 Canadian and an unencumbered 3% NSR over the Subject Areas represents a highly accretive proposition for the Company and its shareholders. The magnitude of the cash consideration reinforces management's strategy to tactically acquire undervalued or underappreciated mining prospects with the potential to yield a significant return on investment. This injection of capital from Barrick, when combined with the Company's existing treasury, positions Precipitate to finance it's near and long term growth initiatives with reduced risk of share dilution. Importantly, in management's assessment, the Subject Areas exhibit limited exploration potential with a low probability of hosting mineable mineralization. Barrick's requirement to conduct and complete condemnation drilling within the Subject Areas supports this assessment and the terms of the Amendment provide protection for Precipitate in the event extractable mineralization is encountered during the condemnation program. Barrick's continued involvement in the revised Pueblo Grande Project along with the exploration potential of the balance of the Company's property portfolio positions Precipitate for future project advancement and value creation." The cash consideration paid to Precipitate as part of the Amendment does not impact or reduce the exploration expenditure requirements under the Earn-in Agreement. As previously reported (see the Company's news release dated April 14, 2020), under the Earn-in Agreement Barrick must incur certain amounts of exploration expenditures and achieve certain milestones by certain dates, including incurring a minimum of US$10.0M in qualifying work expenditures and delivering a pre-feasibility study before the sixth anniversary of the agreement (April 13, 2026) in order for Barrick to earn a 70% interest in the Project. Specific Subject Area locations will be disclosed upon completion of the granting of the NSR, however, the Subject Areas are situated immediately to the northwest and southeast of Barrick's Pueblo Viejo Project, in regions of the Pueblo Grande Project that management considers low priority exploration zones with either: a) substantial prior drill testing that returned limited, or no significant mineralization (a total of 119 holes have been drilled in the Subject Areas), or b) are situated over geological terrain not expected to host sizable economically feasible mineralization. The Project has been reduced from 9,819 hectares to 7,097 hectares. Barrick has advised Precipitate that its Dominican Republic exploration team will continue systematic exploration of various prospective areas within the Project with a focus on those regions underlain by favourable "Los Ranchos formation" geology that exhibit promising combinations of surface alteration and geochemically anomalous surface samples. Three general regions of the Project are slated for ongoing evaluation, (i) northeast of the active neighbouring Pueblo Viejo mine area, (ii) the eastern portion of the Project and (iii) the western portion of the Lithocap zone. All three of these areas exhibit prospective geological and geochemical attributes but have been subject to limited systematic exploration and/or drill testing. 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 Newfoundland Canada and the Dominican Republic. 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 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 © 2022 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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EVENT INVITE: Join White Gold Corp. at the VRIC

TSX-V: WGO, OTCQX: WHGOF, FRA: 29W

Join White Gold Corp. at the Vancouver Resource Investor Conference next week. We will be there to connect directly with investors and talk about the extensive gold exploration project portfolio we have in Yukon. You can find us at booth #102. Join the White Gold Corp. team on May 17th & 18th from 10 am to 5 pm PST Shawn Ryan, Co-Founder, Chief Technical Advisor & Director will be presenting at the Invest Yukon Pavilion on May 17th at 2 pm PST. CLICK HERE TO REGISTER FOR THIS LIVE EVENT FOLLOW US ‌ ‌ ‌ ‌ ‌

White Gold Corp | 82 Richmond Street East, Toronto, Ontario M5C 1P1 Canada whitegoldcorp.ca Unsubscribe sgbsura1.weqeqe@blogger.com Update Profile | Constant Contact Data Notice Sent by ir@whitegoldcorp.ca

James Anderson Mining Article

Chairman and CEO, James Anderson, recently penned an article for Mexican Business News; the article "Inflation in Mexico: 2022 and Beyond" was just released this morning and can be viewed below.  Inflation in Mexico: 2022 and Beyond By James Anderson | Mon, 05/09/2022 - 09:00 The world is experiencing a sharp general rise in prices for products and services for the first time in nearly 40 years. Many observers have placed most of the blame for this general rise in prices variously on the COVID-19 pandemic (a hugely deflationary event), the effects of a strained supply chain (which would naturally rectify itself swiftly if normal capitalistic supply/demand reactions were allowed to take place in the marketplace) and the war in Ukraine (an event that began months after the current rising price trends began). So, what is the real primary cause for the global rise in prices? Let's turn to the great economist Milton Friedman for an answer, as he is often quoted as having said:  "Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output." (Emphasis is the writer's.) Since the Great Recession in 2008, governments of the world, and especially their central banks, have participated in a systematic and nearly constant exercise of debasing their currencies through artificially low interest rates, enormous budget deficits, especially during the pandemic, and the outright printing of new money, usually through sovereign bond purchases by their respective central banks, colloquially known as "quantitative easing." In other words, inflation (over-expansion of the money supply) has been brewing at a hot boil for well over a decade. But it is only just lately that the effects of inflation — a general rise in prices — has become evident with such ferocity. Somewhat strangely, this phenomenon has become evident and identified in many places in the world almost simultaneously.   Rising Interest Rates To ward off the vile effects of rising prices (the seeds of which the central banks planted, watered, and cultivated in the first place), the central banks are now threatening to raise interest rates to dampen excessive demand in the economy. I say "threaten," because despite all of the jaw-boning and central back rhetoric for nearly a year, 0.25 percent to 0.50 percent rate hikes are the only thing that have materialized for the vast majority of countries/central banks thus far in this cycle. Which leads us to the ultimate question on this subject: With government debts at all-time highs (both nominally and using debt-to-GDP figures), with rapidly rising energy costs, and with the ongoing effects of a shooting war in Europe, can the world's central banks really raise rates fast enough to combat the rising prices that have been brewing for 12 years? We will see…. The Effects in Mexico "Inflation" in Mexico (i.e., rising prices) continues to move higher. With information taken from the website Trading Economics, and in turn from Instituto Nacional de Estadística y Geografía (INEGI), the annual inflation rate in Mexico rose to 7.5 percent in March this year, up from 7.3 percent in February. It was the highest figure since January 2001, as prices advanced faster than the previous month for goods (8.7 percent versus 6.6 percent), particularly food, beverages, and tobacco (10.1 percent versus 9.4 percent). The core inflation rate increased to 6.8 percent, again the highest since 2001, and up from 6.6 percent in February. Mexico's inflation rate is likely not soon going to approach that of Argentina at 55 percent or Turkey at 61 percent, but do any serious observers expect the rate to remain BELOW that of the last published number of the US at 8.5 percent or that of Spain at 9.8 percent? Price inflation is often sparked and accelerated by "perception" more than reality. People's inflation expectations often become their realities. In this cycle, Mexican expectations and anticipation of future inflation has been muted recently. Being hard hit by the pandemic, while simultaneously having an economy more resilient as well as other recent events, may explain some of the low inflation expectations but that situation may begin changing quickly and dramatically. With a Mexican central government seemingly disinterested in fostering business-friendly tax and regulatory policies, nor continuing with responsible fiscal policy, Mexican inflation may begin to trend toward the peso-destroying inflation rates of the 1980s. At that time, after spending most of the decade with inflation in excess of 50 percent, inflation peaked in 1988 above 150 percent annually. The restructuring of the peso came in the aftermath of that turmoil. At that time, interest rates in the US (at the central bank level) peaked at about 13 percent in order to squelch inflation in the US that peaked in the high teens. But with little room for the American Fed to raise interest rates without causing a considerable recession, one has to wonder what Mexican rates would have to rise to today before inflation and especially inflation expectations begin to trend lower in Mexico, rather than much, much higher. My father used to tell me that "inflation is like a snowball rolling down a large hill. When it first starts rolling, at the top of the hill, few people notice, and it is not particularly dangerous. But as it rolls, more snow sticks to the ball, and it quickly becomes large, fast, and dangerous. That is when EVERYONE notices the snowball — and no one dares to try to stop it." Wise words, I think, from an older generation.   Copyright © 2022 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.

GSilver Draws US$7.5m Silver/Gold Pre-Payment Facility from OCIM

GSilver Draws US$7.5m Silver/Gold Pre-Payment Facility from OCIM VANCOUVER, BC / ACCESSWIRE / May 9, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) has drawn down US$7.5 million from its silver and gold pre-payment facility (the "Pre-Payment Facility") with Swiss-based precious metals trading firm, OCIM Precious Metals S.A. ("OCIM"), announced March 24, 2022. The net proceeds from the Pre-Payment Facility will be used to strengthen GSilver's balance sheet for ongoing capital expenditures, development and operation of the Company's El Cubo mine and mill complex located in central Mexico. (See GSilver news release dated March 24, 2022 - GSilver Signs Terms Sheet for US$7.5M Silver/Gold Pre-Payment Facility). James Anderson, Chairman and CEO stated: "This non-dilutive financing demonstrates the advantageous working relationship we have with the team at OCIM and will help GSilver maintain a healthy balance sheet as we complete the remainder of the ramp-up phase at El Cubo. We look forward to continuing our association with OCIM as we work towards becoming a mid-tier precious metals producer in Mexico." Transaction Details The Pre-Payment Facility is in the principal amount of US$7.5 million and secured against GSilver's El Cubo assets. The facility is for a term of 18-months and repayable over a period of 12 months, following a six-month grace period, by GSilver delivering a set number of ounces of silver and gold monthly. The number of ounces to be delivered was calculated at a fixed discount to the prevailing London Bullion Market Association (LBMA) spot metals' prices on May 4, 2022. A portion of the Pre-Payment Facility has been used to repay to OCIM the cash equivalent of six of the Company's remaining nine monthly deliveries of silver and gold ounces due to OCIM under the Company's existing loan agreement drawn on July 27, 2021 (See GSilver news release dated June 28, 2021 - Guanajuato Silver Draws US$7.5M from OCIM). The Company had previously made three monthly deliveries of silver and gold to OCIM under the loan agreement, leaving only the final three months' deliveries due November 30, 2022, December 30, 2022 and January 31, 2023 outstanding. The first monthly delivery of silver and gold ounces under the new Pre-Payment Facility is due November 1, 2022. About Guanajuato Silver Company Ltd. GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is currently producing silver and gold from its 100% owned El Cubo and El Pinguico projects, while simultaneously advancing the El Pinguico Mine to restart. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history. 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 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 Information and Statements This news release contains certain forward-looking information and statements, which relate to future events or future performance including, but not limited to, the proposed use of proceeds from the Pre-Payment Facility; the Company's proposed development and mining plans at El Cubo and El Pinguico including expected areas and plans for future mining operations and the timing thereof; the ability of the Company to become a mid-tier precious metals producer in Mexico; and the Company's ability to successfully complete the ramp-up phase of operations at El Cubo and deliver the projected tonnage, grade, recoveries and revenues from precious metals concentrate sales. 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 mining operation and development and exploration programs thereon; 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) remaining as estimated; 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, inflation, supply chain disruptions, 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 silver, gold and other metals, operating risks, accidents, labour 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 continue to ramp-up its operations at the El Cubo mill to deliver the rising tonnage, grades, recoveries, and revenue from precious metals concentrate sales at the costs and within the timetable anticipated. In addition, GSilver's decision to process mineralized material from its estimated resources at El Cubo and above and underground stockpiles at El Pinguico 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 concentrate will be realized. There is also uncertainty about the continued spread of COVID-19, the ongoing war in Ukraine and rising inflation and the impact they will have on the Company's operations, supply chains, ability to access El Cubo and/or El Pinguico or procure equipment, supplies, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements and information 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. The forward-looking statements and information 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. SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/700560/GSilver-Draws-US75m-SilverGold-Pre-Payment-Facility-from-OCIM Copyright © 2022 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.