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GR Silver Mining Announces Director Resignation

Management Changes

GR Silver Mining Announces Director

Resignation

VANCOUVER, BC

,

Feb. 2, 2023

/CNW/ - GR Silver Mining Ltd. ("GR Silver Mining" or the

"Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces today that it has

accepted the resignation of

Jonathan Rubenstein

from the Board of Directors of the Company. Mr.

Rubenstein was appointed to the Board of Directors in

September 2020

after previously serving on

the Company's Advisory Board.

Board of Directors Chairman

Eric Zaunscherb

stated, "Jonathan has been a valuable contributor to

GR Silver's board and we have benefitted greatly from his knowledge and decades of experience.

On behalf of the Board of Directors, management and the Company's shareholders, I wish Jonathan

and his family all the best in the future."

The board is actively engaged in identifying and evaluating alternatives with respect to the

appointment of a new independent director to fill the vacancy left by Mr. Rubenstein's departure.

"We are particularly interested in building technical expertise at the board level as the prospective

Plomosas Project is advanced," added Mr. Zaunscherb. "The recent appointment of Mr.

Larry

Taddei

, the former Chief Financial Officer of MAG Silver Corp., as an independent director (see

News Release dated

January 18, 2023

) positions the Company well as we go forward."

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 square kilometres of concessions containing several structural corridors totaling

over 75 kilometres in strike length.

GR Silver Mining Ltd.

Eric Zaunscherb

Chairman & 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/February2023/02/c2556.html

%SEDAR: 00040149E

For further information:

Brenda Dayton, VP Corporate Communications, Telephone:

+1.604.417.7952, Email: [email protected]

CO: GR Silver Mining Ltd.

CNW 06:15e 02-FEB-23