Completion of Acquisition Transaction - Seite 2

Reyna is now a wholly owned subsidiary of the Company, and the majority of the outstanding Shares of the Company are owned by former shareholders of Reyna.

The Company has a total of 73,149,276 Shares outstanding following closing of the Acquisition.  It also has approximately $6,250,000 of available funds, of which it intends to use $3,421,600 toward completion of the initial work programs on Reyna’s Guigui mineral property in Mexico (including two phases of drilling for a total of 10,000 metres).  For a full description of the Guigui property, please refer to the Company’s Filing Statement on SEDAR.

A total of 12,076,501 Shares and 225,000 warrants issued under the Acquisition to new “principals” are subject to escrow, to be released as to 10% on closing and an additional 15% every six months thereafter.

The Company advises that MAG Silver holds 14,556,706 Shares representing 19.9% of the Company’s Shares.  MAG Silver has agreed that its Shares will be subject to voluntary resale restrictions expiring as to 25% on closing and an additional 25% every six months thereafter. MAG Silver also holds certain participation rights entitling it to participate in future share issuances by the Company, so as to maintain its percentage equity interest in the Company.

The officers and directors of the Company are: Jorge Ramiro Monroy, CEO and director; Sandy Chim, Chairman and director; Michael Wood, director; Peter Jones, director; Alexander Langer, director; and Alex Tsang, CFO and Corporate Secretary.

For a complete description of the Acquisition, Reyna, the Guigui property, principal shareholders and the capital structure and management of the Company, please refer to the Company’s Filing Statement on SEDAR.

Trading of the Company’s Shares will resume at the open on June 8, 2020.

On Behalf of the Board of Directors of Reyna Silver Corp.

   Jorge Ramiro Monroy

Chief Executive Officer

For further information please contact:
Jorge Ramiro Monroy
1-416-977-3188
[e-mail]

CAUTIONARY STATEMENTS

This press release contains “forward-looking information” within the meaning of Canadian securities legislation. The forward-looking information contained in this press release represents the expectations of Century Metals as of the date of this press release and, accordingly, is subject to change after such date. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by Century Metals at the date the forward-looking information is provided, are inherently subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to, risks generally associated with the Company’s business, as described in the Company’s Filing Statement dated June 3, 2020. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Century may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.