Guanajuato Silver Confirms Issuance of Warrants Related to Recently Closed C$18M Financing

Executive Summary

• GSilver issued 458,500 non‑transferable advisor warrants to Research Capital Corporation under its Advisory Agreement.
• The warrants allow purchase of one common share each at $0.30 per share, exercisable until August 21 2028, with a hold period expiring January 5 2026.
• The issuance follows the C$18 million non‑brokered LIFE financing closed on August 21 2025, which materially strengthens GSilver’s balance sheet and supports fleet upgrades, processing modernization, and expanded exploration.

Key Details

• Warrant Quantity: 458,500 non‑transferable advisor warrants.
• Holder: Research Capital Corporation (the “Advisor”).
• Exercise Price: $0.30 per common share (subject to customary anti‑dilution adjustments).
• Expiration Date: August 21 2028.
• Hold Period: Four months and one day, expiring January 5 2026, in accordance with Canadian securities laws.
• Financing Context: Warrants were previously announced as part of the C$18 million non‑brokered LIFE financing closed on August 21 2025.
• Use of Proceeds (as disclosed): Strengthen balance sheet; accelerate underground fleet upgrades; modernize processing facilities; significantly expand exploration programs.

Notable Quotes

• “The successful completion of our C$18 million financing and the issuance of these advisor warrants provide GSilver with a robust financial platform to advance our growth initiatives,” – James Anderson, Chairman and CEO.