Guanajuato Silver Adds Veteran Mine Operator to Board of Directors

Executive Summary

• Guanajuato Silver appointed David Paxton to its Board of Directors, bringing extensive underground mining and corporate finance experience.
• The company filed a NI 43‑101 technical report for a new 2025 mineral resource estimate at the 100 % owned Valenciana Mines Complex in Guanajuato, Mexico.
• A stock option grant was issued for an aggregate of 11.3 million common shares at $0.50 per share, exercisable through March 23 2031.
• During Q1 2026 the company sold 2,409,200 shares via its ATM program at an average price of $0.83874, generating gross proceeds of $2.06 million.

Key Details

• Board Appointment: David Paxton appointed to the Board of Directors, effective immediately; background includes CEO roles at Vatukoula Gold Mines, Sumin Resources, Andiamo Resources, Kalahari Copper, and current CEO of KapaGold.
• Technical Report Filing: NI 43‑101 Technical Report for the 2025 Mineral Resource Estimate (MRE) of the Valenciana Mines Complex filed on Sedarplus; prepared by APEX Geoscience Ltd., effective date December 27 2025; supports prior news release dated February 5 2026.
• Stock Option Grant: Options granted to directors, officers, employees and consultants for 11,300,000 common shares at an exercise price of $0.50 per share; options expire on March 23 2031.
• ATM Equity Sale: Q1 2026 ATM program sold 2,409,200 shares at an average price of $0.83874, yielding gross proceeds of $2,057,134; commissions paid to the ATM agent totaled $51,428; company does not intend further ATM sales in the current quarter.

Notable Quotes

• “In step with our growing portfolio of producing silver and gold mines, we are also strengthening our Board of Directors… David’s experience at Vatukoula … will prove invaluable as we move to fully optimize all our Mexican mining projects.” – James Anderson, Chairman and CEO.