GSilver Arranges US$5M Debt Facility

GSilver Arranges US$5M Debt Facility VANCOUVER, BC / ACCESSWIRE / December 8, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to announce that it has signed a new concentrate and pre-payment credit facility with Ocean Partners (UK) Limited ("Ocean Partners"), a UK based metals offtake and trading firm, to provide a US$5.0M revolving credit facility (the "New Facility") for operating and working capital purposes. The New Facility is in addition to the Company's existing US$5.0M credit facility advanced by Ocean Partners in August 2022 (see GSilver's previous news release dated August 30, 2022 - "Guanajuato Silver Draws US$5,000,000 Credit Facility"). Chairman & CEO, James Anderson said, "Ocean Partners has consistently demonstrated their resolute support for Guanajuato Silver and our vision to build the next mid-tier silver producer in Mexico. This debt facility will strengthen our balance sheet and provide us with additional flexibility as we continue to ramp up precious metals production at our four producing mines." The New Facility will be revolving in nature, secured by a share and asset pledge over the Company's Mexican subsidiary, Minera Mexicana El Rosario S.A. de C.V. ("MMR"), and re-payable and re-drawable in 4-month intervals over a term of 24 months. Interest will be calculated at 12-month SOFR + 7.5%. A portion of the New Facility will be used to extinguish approximately US$750,000 of existing debt, which represents the final amount owing to Ocean Partners on the Company's first prepayment financing facility of US$1.5M drawn in September, 2021 (see GSilver news release dated September 23, 2021 - "GSilver Signs Concentrate Sales Agreement"). Similarly, approximately US$750,000 will be used to repay the first four months' of interest and principal payments on Ocean Partners' US$5.0 million facility drawn in August 2022 as noted above. In aggregate, after making allowance for these repayments, the Company will have outstanding borrowings of approximately US$9.0M to Ocean Partners. In conjunction with the New Facility, the Company has agreed to consolidate and extend the sale of concentrate derived from its Guanajuato mines into a single offtake agreement with Ocean Partners for a term of 24 months ending December 31, 2024, subject to a minimum delivery of 12,500 wet metric tonnes. Shares for Debt GSilver also announces that it has completed its previously announced shares-for-debt transaction totalling C$1,127,038 (see GSilver news release dated October 7, 2022 - "Guanajuato Silver Arranges Shares for Debt"). The Company has issued a total of 2,817,595 common shares at a deemed price of C$0.40 per share in settlement of C$1,127,038 including 693,750 shares issued to non-arms-length parties to settle of indebtedness totalling $277,500. The common shares are subject to a 4 month hold period expiring April 8, 2023. About Guanajuato Silver GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico, which has an established 480-year mining history. With five mines and three processing facilities, the Company is one of the fastest growing silver producers in Mexico. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Company Ltd., please contact: JJ Jennex, Communications Manager, +1 (604) 723-1433 Email: jjj@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 proposed use of funds from the New Facility and the amounts thereof, the ability of the Company to repay and redraw the New Facility from time to time on the terms and conditions thereof or at all, the current and projected mined output from the Company's existing mines and the ability of the Company to increase production, tonnage and recoveries of mineralized material and increase silver and gold grades, improve metallurgical recovery rates, increase revenues, and reduce production costs (including AISC) consistent with the Company's expectations and production model, the Company's status as one of the fastest growing silver producers in Mexico and the ability of the Company to ramp-up production to become the next mid-tier silver producer in Mexico. Such forward-looking statements and information reflect management's current beliefs and expectations 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, market, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral resource estimates at El Cubo and El Pinguico and estimates of mineralized material at San Ignacio, Valenciana and Topia and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; the ability of the Company to successfully integrate production from San Ignacio and Valenciana into the Company's existing mining and milling operations at El Cubo and the availability of excess processing and tailings capacity at El Cubo to accommodate same; the Company's ability to secure additional sources of mineralized material for processing, prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and to satisfy current liabilities and obligations including debt repayments; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates 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 significant risks and uncertainties that may cause actual future results, level of activity, production levels, performance or achievements of GSilver to differ materially from those expected including, but not limited to, market conditions, availability of financing, future prices of gold, silver and other metals, actual results of production, exploration and development activities, actual resource grades and recoveries of silver, gold and other metals, availability of third party mineralized material for processing, currency rate fluctuations, unanticipated geological or structural formations and characteristics, environmental risks, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, rising inflation and interest rates, geopolitical conflicts including wars, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to increase production, tonnage milled and recoveries rates, improve grades and reduce costs at its existing mines to process mineralized material to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from its existing mines 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 and mineralized material 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 Company's projected production of silver, gold and other metals will be realized. In addition, there are no assurances that the Company will meet its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled debt payments or other liabilities when due or meet financial covenants to which the Company is subject or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about the continued spread and severity of COVID-19, the ongoing war in Ukraine and rising inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all and economic activity in general. Accordingly, readers should not place undue reliance on forward-looking statements or information. All 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 including the Company's annual information form for the year ended December 31, 2021. These 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/730864/GSilver-Arranges-US5M-Debt-Facility 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? 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Precipitate Gold Video - News Release Summary of Motherlode Drilling Completion

Forward this email to a friend View email in your browser   Precipitate Gold Video - News Release Summary of Motherlode Drilling Completion Click on image below to watch the CEO Summary of Precipitate’s latest news on Motherlode Project Drilling 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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Precipitate Gold Presents at OTC's Metals & Mining Virtual Investor Conference

Forward this email to a friend View email in your browser   Precipitate Gold Presents at OTC's Metals & Mining Virtual Investor Conference Tune in on December 8, 2022 at 8:00am PST (11:00am EST) as Precipitate Gold's CEO, Jeffrey Wilson participates in the OTC Market's Metals & Mining Virtual Investor Conference. In addition, the event will feature the ability to meet 1x1 (virtually) with Mr. Wilson. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com 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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Precipitate Completes 2,700 metre Drill Program at Motherlode Gold Project in Newfoundland, Canada

Forward this email to a friend View email in your browser   Precipitate Completes 2,700 metre Drill Program at Motherlode Gold Project in Newfoundland, Canada Vancouver, B.C. – December 6, 2022 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) is pleased to announce the completion of a diamond drilling program at the Company's Motherlode Gold Project ("Motherlode" or the "Project") within the Burin Peninsula of southern Newfoundland, Canada. Motherlode Zone Drill Program Highlights: The drill campaign totalled 2,716 metres of diamond drilling in 12 holes from 10 drill platforms. Hole depths ranged from 121 to 403 metres, averaging 209 metres deep. Core quality and recovery was excellent. Drill holes tested multiple chargeability high anomalies identified by recent induced polarization ("IP") geophysical surveys within the Motherlode Structural Corridor, In most cases, the IP chargeability anomalies correlate well with observed surface mineralization which is dominantly characterized by variably siliceous, pyrite enriched, fractured-sheared ash-tuff volcanic rocks. Evidently, validating the IP survey data. Drilling specifically targeted chargeability anomalies coincident with a surface gossan that previously returned rock grab sample values up to 25.0 g/t gold* and historical drill results of 3.5m at 1.4 g/t gold. A hole testing a deep and open-ended IP chargeability high anomaly intersected a 20 metre long interval of highly elevated pyrite and silica mineralization hosted in crudely laminated ash-tuff volcanic and possible soft sediment deformed rocks. Pyrite content through the drilled intercept ranges from 8 to 15%, occurring as disseminations and irregular aggregates. This style of observed mineralization is locally unique, having not been observed in other holes or in surface rock exposures. Measured lithological contacts and shear structural core angles confirm the surface mapping of the Motherlode Structural Corridor and its' host rocks as vertical to steep northwest dipping. All core samples (775 samples in total) have been delivered to the laboratory for gold by fire assay and pathfinder element geochemical ICP analyses with results to be reported once received and reviewed. Jeffrey Wilson, Precipitate's President and CEO stated, "We are pleased with the execution and completion of our first phase of drilling within the Motherlode Gold project. The targets delineated by our recent geochemical and geophysical fieldwork compelled our team to advance the project to this important first phase of drill testing. The technical merits of the chargeability anomalies coincident with a mineralized surface gossan provided several highly prospective and previously untested drill targets. Completing the 2,700 metre drill program in a timely and efficient fashion is a clear testament to the project's local support staff and service providers. We look forward to receiving, evaluating, and reporting the pending laboratory analytical results as they become available." The primary focus of the drilling program tested the recently delineated IP geophysical chargeability high anomalies located within the 'Motherlode Structural Corridor'; where elevated chargeability readings reflect elevated sulphide concentration related to probable gold mineralization. The estimated three (3) kilometre long northeast trending Motherlode Structure Corridor hosts structurally related gold style mineralization, where gold enriched quartz veins-stockworks are associated with an anastomosing series of quartz-sericite shears and faults with sub-vertical to steep northwest dips, containing low pyrite sulphide concentration. The Motherlode Zone hosts the Project's most notable gold mineralization and related surface colour gossan identified to date, with rock grab sample values up to 25.0 g/t gold* and historical drill results including 3.5m at 1.4 g/t gold. The Company's website has additional information and illustrations of recent and historical Motherlode project data. For reference: g/t = grams per tonne, Au = gold, m = metres * High grade rock grab samples are selective by nature and are unlikely to represent average grades on the property 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 Pueblo Viejo Mining Camp and Tireo Gold Trend of 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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🖥️ ASX:TRE - Drilling Contractor Appointed With Program To Commence Imminently

View this email in your browser DRILLING CONTRACTOR APPOINTED WITH PROGRAM TO COMMENCE IMMINENTLY Highlights Drilling contractor, Etasi & Co Drilling has been appointed to commence exploration drilling programme at the flagship Kobada Project in Mali. Reverse circulation drilling program to commence imminently testing five key areas. The 2022/2023 exploration drilling programme is focused on building on the baseline of total mineral resource estimate, inclusive of inferred, of 3.1 million ounces at the Kobada Project through testing extension of strike along known and interpreted mineralized shear zones. Toubani Resources, Inc. (ASX: TRE; TSX-V:TRE) ("Toubani Resources" or the "Company") is pleased to announce that following the Company's successful listing on the Australian Securities Exchange ("ASX"), and in line with its strategy of focusing funds raised on exploration on its flagship Kobada Project, Etasi & Co Drilling SARL ("ETASI"), has been awarded the contract to perform the upcoming exploration drilling campaign ("Contract"). Toubani Resource's President and CEO, Mr. Danny Callow, commented: "Following on from our successful ASX listing, we have moved quickly to appoint a professional Mali-based drilling contractor to undertake an extensive drill programme on our Kobada Project site. The appointment of ETASI follows on from our commitment to focus on determining the highly prospective upside on our concessions, and building on our baseline of total mineral resource estimate of 3.1 million ounces." "We have spent three years drilling and understanding the structural geology in the region and on our three contiguous concessions and this appointment will start to test these highly prospective shear zone areas identified as a result of this. We are looking forward to this next stage in the Company's future and updating the market with results of this campaign."   Read Full Announcement CORPORATE SNAPSHOT Company Name: Toubani Resources ASX: TRE About Toubani Resources Inc  Toubani Resources (ASX: TRE; TSX-V: TRE) is an exploration and development company with a focus on expanding its existing total resource base of 3.1 million ounces. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. Toubani Resource's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed a Definitive Feasibility Study in September 2021 showing compelling economics for a 100,000oz per annum production profile over 10 years. The company believes the flagship project to be largely de-risked based upon the results of the study, and further exploration will build on the substantial baseline of 3.1 million ounces total resource, and 1.2 million ounces of reserves. As well as the initial Kobada Gold Project mining concession, other highly prospective exploration locations have been identified on the Kobada, Faraba and Kobada Est concessions based upon systematic regional exploration techniques. These additional exploration areas are part of the targeted drilling campaign as outlined above, with a view to increase strike length and grow resource ounces. For more information regarding Toubani Resources visit our website at www.toubaniresources.com.   TOUBANI FEATURED IN THE PRESS PROACTIVE - 28 NOVEMBER 2022 Toubani Resources sees shares put in a healthy performance as trading commences on Australian Securities Exchange View Toubani Press Releases Our mailing address is: info@toubaniresources.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.