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GR Silver Mining Announces Change in CFO

Management Changes

GR Silver Mining Announces Change in CFO

VANCOUVER, BC

,

May 5, 2023

/CNW/ -

GR Silver Mining Ltd.

("GR Silver Mining" or the

"Company") (TSXV: GRSL) (OTCQB: GRSLF) (FSE: GPE) – With a great deal of gratitude and

respect, the Company announces the retirement of Chief Financial Officer ("CFO")

Blaine Bailey

effective immediately. Mr. Bailey was appointed the CFO of GR Silver's private predecessor

Goldplay Exploration Ltd. ("Goldplay") on

November 8, 2012

, and continued as CFO as Goldplay

became public in

March 2018

; Goldplay was renamed GR Silver Mining in

January 2020

. Mr. Bailey,

a CPA, CGA, was instrumental in the advancement of the Company, applying more than 20 years of

experience as a CFO for mineral exploration companies listed on the TSX, the TSX Venture, and the

New York Stock Exchange.

We are very fortunate to have added Ms.

Samantha Shorter

to the GR Silver Mining management

team as CFO effective immediately. Ms. Shorter, a CPA, CA, CIA, has been engaged as the CFO

of several public and private companies with exploration and mining operations in

Mexico

,

Brazil

,

the

United States

, and other nations. In addition to her skills in financial modelling, tax planning,

compliance in international listings, and internal control compliance, we particularly noted her strong

leadership and team management qualities during the recruitment process. Prior to her CFO roles,

Ms. Shorter had extensive experience managing audit engagements at a major accounting firm.

Chair & CEO

Eric Zaunscherb

commented, "I am very pleased to welcome Samantha and look

forward to her contribution as we all work together to build GR Silver Mining. We cannot thank

Blaine enough for his many contributions to Company, getting us to this point."

About GR Silver Mining Ltd.

GR Silver Mining is a Canadian-based,

Mexico

-focused junior mineral exploration company engaged

in cost-effective silver-gold resource expansion on its 100%-owned assets, located on the eastern

edge of the Rosario Mining District, in the southeast of Sinaloa State,

Mexico

. GR Silver Mining

controls 100% of two past producer precious metal underground and open pit mines, within the

expanded Plomosas Project, which includes the integrated San Marcial Area and

La Trinidad

acquisition. In conjunction with a portfolio of early to advanced stage exploration targets, the

Company holds 734 km

2

of concessions containing several structural corridors totaling over 75 km in

strike length.

GR Silver Mining Ltd.

Eric Zaunscherb

Chair & CEO

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" within the meaning of applicable

Canadian securities legislation and information that are based on the beliefs of management and

reflect the Company's current expectations. When used in this press release, the words "estimate",

"project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the

negative of these words or such variations thereon or comparable terminology are intended to

identify forward-looking statements and information. Such statements and information reflect the

current view of the Company. Risks and uncertainties may cause actual results to differ materially

from those contemplated in those forward-looking statements and information. By their nature,

forward-looking statements involve known and unknown risks, uncertainties and other factors

which may cause our actual results, performance or achievements, or other future events, to be

materially different from any future results, performance or achievements expressed or implied by

such forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy

or accuracy of this press release.

SOURCE

GR Silver Mining Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/May2023/05/c5529.html

%SEDAR: 00040149E

For further information:

Eric Zaunscherb, Telephone: +1.647.293.8457, Email:

[email protected]

CO: GR Silver Mining Ltd.

CNW 06:15e 05-MAY-23