Guanajuato Silver Graduates to TSX Venture Exchange Tier 1 Status
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Guanajuato Silver Graduates to TSX Venture Exchange Tier 1 Status
February 12, 2025 – Vancouver, Bri6sh Columbia – Guanajuato Silver Company Ltd. (the “Company” or
“GSilver”) (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce the receipt from the TSX Venture Exchange
(“TSXV”) of approval for gradua6on from Tier 2 Issuer Status to Tier 1 Issuer Status. GSVR will commence
trading as a Tier 1 Issuer on February 14, 2025.
Tier 1 is the TSXV’s premier 6er and is reserved for the TSXV’s most advanced issuers with the most
significant financial resources. The TSXV classifies issuers into different 6ers based on certain standards
including historical financial performance, stage of development and financial resources.
Research Agreement
Addi6onally, the Company has entered into an agreement with Epstein Research to increase investor
engagement and create more awareness for the Company, star6ng from the approval of the TSXV. Epstein
Research’s engagement is for an ini6al term of three (3) months and is subject to renewal or cancella6on
on thirty days no6ce in accordance with its terms (the “Term”).
Epstein Research operates from New York, New York, and provides promo6onal services, including social
media and online adver6sing of the Company posted on Epstein Research homepage, CEO.ca, Substack,
and LinkedIn; monthly wri\en ar6cles on the Company and/or CEO interviews wri\en exclusively by Peter
Epstein. The Company will pay Epstein Research an amount of US$6,000 for the Term for these services in
equal monthly installments over a three-month period. There are no common shares or op6ons to be
received as compensa6on in the service agreement. The Company will pay for the services from its cash
on hand. In addi6on, Epstein Research is an unrelated and unaffiliated en6ty in respect of the Corpora6on
and, at the 6me of the agreement, Mr . Epstein owns securi6es of the Company purchased on the open
market. The Company has previously convened a trial with Mr . Epstein from June 2022 to December 2024
for the same services men6oned above for a total amount of US$22,650.
About Guanajuato Silver
GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines in
central Mexico. The Company produces silver and gold concentrates from the El Cubo Mine, Valenciana
Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato,
which has an established 480-year mining history. Additionally, the Company produces silver, gold, lead,
and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and
three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.
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ON BEHALF OF THE BOARD OF DIRECTORS
"James Anderson"
Chairman and CEO
For further information regarding Guanajuato Silver Company Ltd., please contact:
JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
GSilver.com
Guanajuato Silver Bullion Store
Please visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.
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
release.
Forward-Looking Statements
This news release contains certain forward-looking statements and informa6on, which relate to future
events or future performance including, but not limited to, GSilver’s growth, the expected date for
achieving Tier 1 status and the benefits therefrom, the details of the agreement with Epstein Research,
GSilver’s status as one of the fas6ng growing silver mining Company in Mexico.
Such forward-looking statements and information reflect management's current beliefs and are based
on information currently available to and assumptions made by the Company; which assumptions, while
considered reasonable by the Company, are inherently subject to significant operational, business,
economic and regulatory uncertainties and contingencies. These assumptions include: the potential
quantity, grade and metal content of the mineralized material at El Cubo and San Ignacio, the
geotechnical and metallurgical characteristics of such material conforming to sampled results and
metallurgical performance; available tonnage of mineralized material to be mined and processed;
resource grades and recoveries; assumptions and discount rates being appropriately applied to
production estimates; prices for silver, gold and other metals remaining as estimated; currency exchange
rates remaining as estimated; availability of funds for the Company's projects and to satisfy current
liabilities and obligations including debt repayments; capital, decommissioning and reclamation
estimates; prices for energy inputs, labour, materials, supplies and services (including transportation)
and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or
interruptions in scheduled construction and production; all necessary permits, licenses and regulatory
approvals are received in a timely manner; and the ability to comply with environmental, health and
safety laws. The foregoing list of assumptions is not exhaustive.
Readers are cautioned that such forward-looking statements and information are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future results, level of activity,
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production levels, performance or achievements of GSilver to differ materially from those expected
including, but not limited to, market conditions, availability of financing, currency rate fluctuations, high
inflation and interest rates, geopolitical conflicts including wars, actual results of exploration,
development and production activities, actual grades and recoveries of silver, gold and other metals from
the Company’s existing mines including El Cubo, San Ignacio, VMC and Topia, availability of third party
mineralized material for processing, unanticipated geological or structural formations and
characteristics, environmental risks, future prices of gold, silver and other metals, operating risks,
accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory
approvals and permits, inadequate insurance, and other risks in the mining industry. There are no
assurances that GSilver will be able to continue to increase production, tonnage milled and recoveries
rates, improve grades and reduce costs at El Cubo, San Ignacio, VMC and/or Topia to process mineralized
materials to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and
timetable anticipated. In addition, GSilver’s decision to process mineralized material from El Cubo, San
Ignacio, VMC and Topia is not based on a feasibility study of mineral reserves demonstrating economic
and technical viability and therefore is subject to increased uncertainty and risk of failure, both
economically and technically. Mineral resources and mineralized material that are not Mineral Reserves
do not have demonstrated economic viability, are considered too speculative geologically to have the
economic considerations applied to them, and may be materially affected by environmental, permitting,
legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the
Company's projected grades of gold and silver at El Cubo and San Ignacio and the anticipated level of
production therefrom will be realized. In addition, there are no assurances that the Company will meet
its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled
debt payments or other liabilities when due or meet financial covenants to which the Company is subject
or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about
impact of any resurgence of COVID-19, the ongoing war in Ukraine and conflict in Gaza, elevated inflation
and interest rates and the impact they will have on the Company's operations, supply chains, ability to
access mining projects or procure equipment, contractors and other personnel on a timely basis or at all
and economic activity in general. Accordingly, readers should not place undue reliance on forward-
looking statements or information. All forward-looking statements and information made in this news
release are qualified by these cautionary statements and those in our continuous disclosure filings
available on SEDAR+ at www.sedarplus.ca including the Company’s most recently filed annual
information form. These forward-looking statements and information are made as of the date hereof
and the Company does not assume any obligation to update or revise them to reflect new events or
circumstances save as required by law.