Guanajuato Silver Announces $30 Million Bought Deal Public Offering

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

VANCOUVER, British Columbia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR)(OTCQX:GSVRF), a growing Mexican-based precious metals producer, is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Red Cloud Securities Inc., as co-lead underwriters and joint bookrunners (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 60,000,000 units of the Company (the "Units"), at a price of $0.50 per Unit (the "Offering Price") for gross proceeds of $30,000,000 (the "Underwritten Offering").

Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share of the Company at a price of $0.65 for a period of 36 months following the Closing Date (as defined herein).

The Company will grant the Underwriters an option to purchase up to an additional 9,000,000 Units (the "Underwriter Option Units" and together with the Units, the "Offered Securities") to cover over-allotments, if any, and for market stabilization purposes at a price of $0.50 per Underwriter Option Unit for additional gross proceeds of up to $4,500,000 (the "Underwriter Option" and together with the Underwritten Offering, the "Offering"), exercisable in whole or in part, at any time on or prior to the date that is 30 days following the Closing Date (as defined herein).

The net proceeds of the Offering will be used for sustaining and development capital for the Company’s four operating mines in Mexico, working capital and general corporate purposes.

The Units will be offered by way of a prospectus supplement (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated August 21, 2024 (the “Base Shelf Prospectus”) to purchasers in each of the provinces and territories of Canada (other than Québec) and may also be offered by way of private placement in the United States and such other jurisdictions as agreed between the parties.