Esperanza Silver de Mexico, S.A. de C.V. Expands Community Work with Tetlama

VANCOUVER, British Columbia, May 10, 2023 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (the “Company”, ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) is pleased to report that Esperanza Silver de Mexico, S.A. de C.V., a subsidiary of the Company, continues to build on its strategic alliance with the Tetlama community, the host community of the Esperanza Gold Project.

Tetlama, a community of landowners within which 100% of the Esperanza Deposit and key infrastructure is located, supports the development of the mining operations and as host community to the project, continues to work closely with Zacatecas as the Company advances the project forward.

The Company continues to provide on-going social benefit support with programs currently implemented including: medical assistance, funerary compensation, educational scholarships, and the community forest fire fighting brigade. The forest fire fighting brigade employs fifteen (15) people from the Tetlama community, for the duration of the dry-season (January to June), when the risk of fires is greatest. Recently, the Company has agreed to provide financial support for the construction of the first stage of a new community cemetery, combining resources with the community nucleus , an important initiative identified by Tetlama as being crucial infrastructure for the community.

Esperanza Silver de Mexico S.A. de C.V., General Manager, Jos Hantelmann states, “We are pleased to contribute to the construction of a new cemetery, which is an essential infrastructure project that will serve the community in the years to come. Having access to a cemetery is of the utmost importance to satisfy religious beliefs and to fulfil human dignity.”

As announced on February 14, 2023, Esperanza Silver de Mexico S.A. de C.V entered into a strategic alliance with the Tetlama community for the ongoing development of the Esperanza Gold Project, which is located within Tetlama.   As part of the strategic alliance, the Tetlama community confirmed that the extraction of minerals is a strategic activity to further the development of the Tetlama community. Accordingly, each of the Company and the Tetlama community are firmly committed to develop the Esperanza Gold Project for the benefit of all stakeholders.