Reyna Silver Provides Exploration Updates for Batopilas, Medicine Springs, And Guigui - Seite 2

Work conducted since the discovery of mineable widths and grades of gold in Batopilas includes:

• A detailed selective sampling program involving over 2,600 samples collected from old mine workings along previously underexplored structures and outcrops. The first 1,500 samples revealed: additional gold mineralization southeast of the historic district; additional structures carrying a combination of gold and silver mineralization; and recognition of surface expressions of mineralized structures (See Press Release from September 13, 2022)
• Detailed AMT geophysics to outline major structures and features that may control vein orientation and location of mineralization.
• Underground and surface structural studies conducted by expert ore deposits geologists to understand the historic ore shoots' geometry and the mineralization surface expressions- including the newly identified gold-bearing structures.

The Reyna Silver team looks forward to drilling again once the final combining of the historical data, drill results, and detailed follow-up work is complete. The preliminary plan is to drill a minimum of 3,000m; logistical preparations are underway and drilling should commence in the coming weeks.

Medicine Springs

An early-stage Carbonate Replacement Deposit (CRD) project, Medicine Springs has the potential to hold the full CRD-Porphyry continuum. Reconnaissance drilling in 2022 successfully determined that critical elements necessary to form a large, high-grade CRD existed within the 4,831 ha project in Elko Co, Nevada. The project now shows 11 of the 13 key features associated with large, high-grade CRDs; subsequent work continues to affirm Medicine Springs has potential as a major CRD district. Results include:

• Systematic selective sampling of jasperoids (see Press Release of January 10, 2022) that outlined a 3.5x5 kilometre zone of anomalous Silver, Lead-Zinc, and Copper indicative of a large, long-lived, multi-phase system at depth. Jasperoids (siliceous replacements of carbonates) are typically seen in the most distal portions of CRD fluid pathways. Silver values in the jasperoids graded as high as 400 - 1,200 g/t Ag suggesting richly-endowed mineralizing fluids.
• Phase 1 drilling design incorporated testing those jasperoid-hosted geochemical
  • Hole MS-22-001 intersected 2.4 metres grading 1,021 g/t Ag (29.7 Oz/t).

anomalies to trace mineralization pathways to depth (see Press Release of January 17th, 2023).