Reyna Silver Announces $1,000,000 CAD Listed Issuer Financing Exemption (LIFE) Private Placement of Units

VANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / April 18, 2024 / Reyna Silver Corp. (TSXV:RSLV; OTCQX:RSNVF; FRA:4ZC) ("Reyna" or the "Company") is pleased to announce a non-brokered listed issuer financing exemption (LIFE) private placement of up to 6,250,000 units of the Company ("Units") at a price of $0.16 per Unit (the "Issue Price") for gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.24 for a period of 24 months from the date of issuance.

"Given the increased appetite for silver equities, Reyna Silver has received interest from new and existing institutional investors. Reyna Silver's work at Gryphon resonates with investors, so we have decided to accept extra funding via this offering. These funds will allow us to have a more robust drill campaign at Gryphon. We are eager to start drilling the targets our team is busy finalizing in Nevada right now," said Jorge Ramiro Monroy, Reyna Silver CEO.

The Offering is expected to close in one or more closings and the Company expects to close the first tranche on or about May 10, 2024 or such earlier or later date as the Company may determine. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the TSX Venture Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Exemption"). The securities offered under the Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document relating to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.reynasilver.com. Prospective investors should read this offering document before making an investment decision.