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GR Silver Mining Drills Two New Silver and Gold Mineralized Zones at San Marcial. SMS25-10A Returns 9 m at 374 g/t Ag including 1.0 m at 1,542 g/t Ag; and 33 m at 1.44 g/t Au including 1.2 m at 32.1 g/t Au

Drill Results

GR Silver Mining Drills Two New Silver and

Gold Mineralized Zones at San Marcial.

SMS25-10A Returns 9 m at 374 g/t Ag

including 1.0 m at 1,542 g/t Ag; and 33 m at

1.44 g/t Au including 1.2 m at 32.1 g/t Au

VANCOUVER, BC

,

Sept. 24, 2025

/CNW/ -

GR Silver Mining Ltd.

(

"GR Silver Mining" or the

"Company"

) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) is pleased to announce

results from drill hole SMS25-10A, located in the Parallel Breccia Target, approximately 150 metres

(m) to the southwest of the current San Marcial Resource Area ("Resource Area") (Figure 1), in the

Plomosas Project. The step-out drill hole intersected

9 m

at 374 g/t silver (Ag), with anomalous

values of copper (0.3% Cu) and tungsten (0.59% W),

including a high-grade zone of

1 m

at 1,542

g/t Ag, 1.4% Cu, and 0.62% W (Table 1). This marks the first identification of this specific

mineralogical-chemical assemblage at San Marcial, supporting current exploration models that link

the wide silver mineralization to an intrusive porphyry-style geological setting.

In addition to the Ag-Cu-W zone, the drill hole returned a wide intercept of

33 m

at 1.44 g/t gold

(Au)

, including a high-grade interval of

1.2 m

at 32.1 g/t Au, defining a new gold-mineralized zone

along a NE-trending structural corridor in the Parallel Breccia Target outside of the current Resource

Area. These outstanding results have delineated mineralization styles with a signature of an

epithermal porphyry-related deposit that lies adjacent to the Resource Area.

Highlights of drilling at the Parallel Breccia Target, San Marcial

SMS25-10A

intersected two distinct mineralized zones, with apparently different mineralogical

compositions and origins, yet spatially associated and controlled by a NE-SW structural trend

that intersects major NW-SE regional structures.

9 m

at 374 g/t Ag, including significant grades of Cu and W, from

24.0 m

down hole;

33 m

at 1.44 g/t Au from

122.7 m

down hole.

SMS25-10A is the farthest southeast that a drill hole has been drilled in the Parallel Breccia

Target to date and indicates continuity of the mineralized structure over at least 500 metres

from the Resource Area.

The hole targeted the core of a high-chargeability geophysical anomaly that had never been

drilled before, Figure 3, while successfully confirming a high concentration of sulfide minerals

and associated silver, copper and tungsten mineralization.

High-grade gold values (

1.2 m

at 32.1 g/t Au) were encountered within a deeper, well-

developed quartz-calcite stockwork epithermal-style zone, confirming the potential of the NE

structural trend to host high-grade gold-bearing mineralization in the footwall beneath the

Resource Area.

SMS25-10A is characterized by halos of intense high-temperature alteration minerals in the

lower volcano-sedimentary unit, with a mineral assemblage of tourmaline-actinolite-albite-K-

feldspar, overprinted by quartz-pyrite alteration, and later crosscut by irregular chlorite-hematite

veining.

GR Silver Mining's President and CEO,

Marcio Fonseca

, commented,

"The ongoing success of

step-out drilling at the San Marcial Area in 2025 reflects the diligent and detailed exploration efforts

of GR Silver Mining's team, who continue to define new frontiers for silver discoveries along the

southwestern edge of the Sierra Madre Occidental. The identification of mineralogical

assemblages characteristic of porphyry-related systems, together with the presence of high-grade

gold zones, underscores the strong potential for further resource expansion at San Marcial."

Figure 1 Location Map – Drill Hole SMS25-10A Location in the Current Parallel Breccia Drilling

Program and Intrusive Related Chargeability Anomaly (CNW Group/GR Silver Mining Ltd.)

Table 1: SMS25-10A Drilling Highlights – Parallel Breccia Target

Drill Hole

From

(m)

To

(m)

Type

Interval

(m)

Ag

g/t

Au

g/t

Cu%

W

%

SMS25-10A

24.0

33.0

Hydrothermal

Breccia

9.0

374

0.08

0.3

0.59

(Incl)

32.0

33.0

Hydrothermal

Breccia

1.0

1,542

0.04

1.4

0.62

122.7

155.8

Stockwork

33.2

4

1.44

NA

NA

(Incl)

137.5

138.7

Stockwork

1.2

15

32.1

NA

NA

Note: Numbers may be rounded. Results are uncut and undiluted. True widths not estimated as the

Company does not have sufficient data from the new mineralized zones to determine the true

widths of the intervals with any confidence.

Drilling in the Parallel Breccia Target has confirmed the presence of new silver mineralized zones

500 metres from the Resource Area, directly over the core of a geophysical chargeability anomaly

and in close proximity to high magnetic anomalies, interpreted to be associated with a multi-phase

intrusive complex (Figure 1).

The potential for resource growth in the Parallel Breccia Target is demonstrated by the presence of

high-grade silver mineralization in drill hole SMS25-10A (

1.0 m

at 1,542 g/t Ag). The anomalous Cu

and W grades establish a possible relationship with the nearby intrusive centre, and a geological

setting amenable to further resource growth at San Marcial. Based on recent surface mapping and

3D modeling, this intrusive body is interpreted to be located just 150 metres below the bottom of the

SMS25-10A drill hole (Figures 2 and 3).

Successful drilling in the current program at the Parallel Breccia Target also confirms the

prospectivity of the NW-SE and NE-SW trends, not only within the Resource Area, but also in the

broader, open extensions of the lower volcano-sedimentary unit. This highlights the importance of

structural controls in generating wide mineralized zones that provide new and exciting exploration

targets.

The Company's geologists are further encouraged by the presence of gold-dominant, high-grade

mineralized zones in both SMS25-08 and SMS25-10A, separated by 150 metres horizontally and

below the existing Resource Area. The alteration textures observed in drill hole SMS25-10A also

provide an important vectoring tool for understanding zonation and proximity to a porphyry-related

system. Massive patches of tourmaline, actinolite-chlorite, albite, and K-feldspar (particularly in the

laminated levels of the lower volcano-sedimentary unit), along with an intense stockwork of quartz-

pyrite veining with albite halos, are commonly observed and increase in intensity with depth. These

features indicate that SMS25-10A may be approaching the intra-mineral phases of a porphyry

system (Figure 4).

Figure 2 Geological Map San Marcial Area – Parallel Breccia Target (CNW Group/GR Silver Mining

Ltd.)

Figure 3 Cross Section – Location hole SMS25-10A (CNW Group/GR Silver Mining Ltd.)

Figure 4 Drill Core Photo Illustration - SMS25-10A “Hydrothermal Breccia” (CNW Group/GR Silver

Mining Ltd.)

Table 2: 2025 San Marcial Step-Out Drill Program – Drill Hole Details

Drill Hole

Target

East (m)

North (m)

RL (m)

Dip (˚)

Azimuth (˚)

Depth

(m)

Results Status

SMS25-01

NW

Extension

450685

2546064

914

-60

160

247.8

Abandoned

SMS25-02

NW

Extension

450568

2546102

942

-55

135

206.0

Abandoned

SMS25-03

Parallel

Breccia

450955

2545667

862

-60

135

206.0

Received

SMS25-04

Parallel

Breccia

451045

2545757

860

-55

185

159.0

Received

SMS25-05

NW

Extension

450791

2545967

892

-47

227

176.7

Received

SMS25-06

NW

Extension

450797

2546016

895

-74

225

191.8

Received

SMS25-07A

Parallel Breccia

451145

2545641

795

-76

200

118.2

Received

SMS25-08

Parallel Breccia

451085

2545808

835

-65

175

244.5

Received

SMS25-09

SE Deep

Extension

451506

2545924

700

-60

130

424.2

Received

SMS25-10A

Parallel

Breccia

451506

2545924

700

-60

130

217.5

Received

SMS25-11

SE Deep

Extension

451262

2545587

708

-81

143

TBD

Pending

SMS25-12

SE Deep

Extension

451313

2546012

799

-68

270

TBD

Drilling

SMS25-13

SE Deep

Extension

451262

2545587

708

-62

280

TBD

Drilling

Note: all holes drilled from surface; WGS84 Datum; TBD - To be defined

About the Plomosas Project

The Plomosas Project, including the recent high-grade silver discovery in the San Marcial SE Area,

is progressing in 2025 as an emerging high-grade silver district located in southwestern edge of the

Sierra Madre Occidental,

Sinaloa, Mexico

. The Plomosas Project, covering 7,823 ha, including the

historical Plomosas Underground mine. benefits from mine infrastructure, road access and existing

permits associated with past-producing mining sites. The district contains intermediate to low-

sulfidation epithermal silver and gold mineralization, hosted in hydrothermal breccias and veins.

Recent success in exploration and drilling has delineated wide, high-grade, shallow hydrothermal

breccias in the San Marcial Area, including the SE Area discovery, where step-out drilling is

underway in 2025, aiming for continuous resource growth. At the historical Plomosas Mine, where

Grupo Mexico operated the underground mine from 1985 to 2000, exploration, underground

sampling and metallurgical programs are being conducted to support future decisions regarding the

implementation of a Bulk Sampling Test Mining Program.

QA/QC Procedures

The Company has implemented QA/QC procedures, which include the insertion of blank, duplicate,

and standard samples in all sample lots sent to SGS de México, S.A. de C.V. laboratory facilities in

Durango, Mexico

, for sample preparation and assaying. For every sample with results above Ag >

100 ppm (over the limit), these samples are re-assayed by SGS de

Mexico

. Core samples are

represented by both HQ and NQ diameters and samples are represented by ½ core split of original

core. The analytical methods include four acid Digestion and Inductively Coupled Plasma Optical

Emission Spectrometry, with Lead Fusion Fire Assay and a gravimetric finish for silver above over

limits. For gold assays, the analytical methods are Lead Fusion and Atomic Absorption

Spectrometry, Lead Fusion Fire Assay, and gravimetric finish for gold above over limits (>10 ppm).

Qualified Person

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects

for this news release is

Marcio Fonseca

, P. Geo., President & CEO for GR Silver Mining, who has

reviewed and approved its contents.

About GR Silver Mining Ltd

.

GR Silver Mining is a Canadian-based,

Mexico

-focused 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 the Plomosas Project, including the former Plomosas underground mine and wide,

high-grade silver mineralized zones at the San Marcial Area. Recent discoveries in the 78 km² of

highly prospective, advanced-stage exploration concessions position the Company well for resource

expansion at the Plomosas Project.

GR Silver Mining Ltd.

Márcio Fonseca, President & 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/September2025/24/c3031.html

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For further information:

For further information, please contact: Telephone: +1 236-270-2057,

Email: [email protected]

CO: GR Silver Mining Ltd.

CNW 06:00e 24-SEP-25