Discovery Provides Update On 2022 ESG Initiatives Including Receipt of its Official ESR Distinction
Discovery Provides Update On 2022 ESG Initiatives Including Receipt of its
Official ESR Distinction
November 11, 2022 , Toronto, Ontario - Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVS F)
(“Discovery” or the “Company”) is pleased to provide an update on its various Environmental, Social and
Governance (“ESG”) initiatives. The Company is also proud to announce the receipt of its official ESR
Distinction, which is issued by the Mexican Center for Philanthropy to organizations that have
demonstrated they operate in a socially and environmentally responsible manner.
Tony Makuch, Interim CEO, states: “The receipt of our ESR Distinction, Great Place to Work Certification
and the significant progress we have made on other key milestones and voluntary initiatives is reflective
of the excellent work by our team in Mexico and the commitment we have made to protecting the
environment, providing a safe and inclusive workplace and having a positive influence on local
communities and stakeholders. This proactive approach provides the Company with a very strong platform
as we look ahead to the development of Cordero and its potential transformation into one of the biggest
silver mines globally.”
Socially Responsible Enterprise (Empresa Socialmente Respons able) (“ESR”) Distinction: the
Company has received its official ESR Distinction from th e Mexican Center for Philanthropy (Centro
Mexicano para la Filantropia) (“CEMEFI”). The Distinction requires the Company’s commitment to five
pillars: business ethics, community engagement, protection and preservation of the environment, quality
of life for employees and corporate social responsibility. The Company achieved an ‘outstanding’ rating
based on its score across all metrics and was ranked in the top 10% of approximately 1,000 participating
small to medium-sized companies within Mexico.
Great Place to Work Certification: this certification recognizes companies that create an outstanding
employee experience through building a workplace culture of trust, credibility, respect, pride and
collaboration. All required surveys were recently completed and following this review the Company was
granted this certificate earlier this week.
Clean Industry Certification : this certificate is issued by the Mexican government entity PROFEPA
(Federal Attorney’s Office for Environmental Protection) and is awarded upon demonstrating full
compliance with environmental regulations in Mexico. This requires an audit of the C ompany’s policies
and procedures regarding waste management, ecological footprint, water, emissions, soil, biodiversity and
other environmental compliance. The audit was completed by PROFEPA in the third quarter of this year.
The Company anticipates receiving the results of the audit and the potential receipt of the Clean Industry
Certification in the first quarter of 2023.
Safe Industry Certification (Level 1) : this certificate is issued by the Mexican Government’s Secretary
of Labor and requires full legal compliance with over 20 Health and Safety Standards as outlined by the
Mexico Federal Government. The required audit for this certificate is expected to be completed by the end
of the year. The Company has set a target of attaining Level 2 certification in 2023.
NEWS RELEASE
Training and Education:
• International Association for Sustainable Economy (“IASE”) Qualification – the IASE certification is
a globally-recognized three-tiered qualification requiring compliance with the highest professional
and ethical standards for ESG professionals worldwide. Currently nine employees, including the
Sustainability Manager, Country Manager and Chief Financial Officer have completed Level 1
(foundational) with the CFO and Sustainability manager having registered for the Level 2
(intermediate) course and exam in the fourth quarter of this year.
• SafeStart: the SafeStart training program is a global framework that promotes personal safety
awareness within the work environment. All local employees have completed the first level of the
training program while 12 employees have completed all five certificate levels and are qualified to
train, promote and regulate a culture of safety within the Company.
Local Community Initiatives: the nearest town to Cordero is Hidalgo del Parral (“Parral”), located
approximately 35 km south west of the Project and with a population of appr oximately 120,000. The
Company recently signed an alliance with the Parral municipality aimed at improv ing access to social
services for vulnerable groups in the local population, specifically in relation to medical assistance.
Through this alliance the Company has donated a mobile medical unit to the township and provided
assistance with the construction of a local medical clinic. Both services have the capacity to serve
approximately 70,000 people per annum . Additionally, our employees in Parral have volunteered to be
part of a domestic violence safety program and the Company’s local Parral office has also been designated
as a shelter for victims of abuse.
Further details on the Company’s current ESG practices and priorities moving forward can be found in its
2021 ESG report available for download at: www.discoverysilver.com/sustainability. Additional information
on the certificates mentioned above can be found at the following links:
ESR: https://www.cemefi.org/distintivo-esr-2/
Great Place to Work: https://greatplacetowork.com.mx/
Clean Industry: https://www.gob.mx/profepa/acciones-y-programas/programa-nacional-de-auditoria-
ambiental-56432
Safe Industry: https://autogestionsst.stps.gob.mx/
IASE: https://www.iase-certifications.com/en/
SafeStart: https://safestart.com/
About Discovery
Discovery’s flagship project is its 100%-owned Cordero project, one of the world’s largest silver deposits.
The PEA completed in November 2021 demonstrates that Cordero has the potential to be developed into
a highly capital efficient mine that offers the combination of margin, size and scaleability. Cordero is located
close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. Continued exploration and
project development at Cordero is supported by a strong balance sheet with cash of approximately C$55
million.
On Behalf of the Board of Directors,
Tony Makuch, P.Eng
Interim CEO
For further information contact:
Forbes Gemmell, CFA
VP Corporate Development
Phone: 416-613-9410
Email: [email protected]
Website: www.discoverysilver.com
FORWARD-LOOKING STATEMENTS:
Neither 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.
This news release is not for distribution to United States newswire services or for dissemination in the United States.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities
have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws
and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933
Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
Cautionary Note Regarding Forward-Looking Statements
This news release may include forward- looking statements that are subject to inherent risks and uncertainties. All statements within this news
release, other than statements of historical fact, are to be considered forward looking statements. Forward-looking statements including, but not
limited to Discovery’s future plans and objectives in the areas of sustainable development, health, safety, environment, community development,
the Cordero project, and the prospect of further discoveries there, constitute forward looking information that involve various risks and
uncertainties. Although Discovery believes the expectations expressed in such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual results or developments may differ materially from those described in
forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include
fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business
conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. Discovery does not assume any obligation to update any forward- looking statements except as required under applicable
laws.