Masivo Silver Closes First Tranche of Non-Brokered Private Placement

MASIVO SILVER CLOSES FIRST TRANCHE OF NON-BROKERED

PRIVATE PLACEMENT

Vancouver, British Columbia, June 24, 2022 - Masivo Silver Corp. (TSXV: MASS) (OTC:GNYPF)

(“Masivo” or the “Company”) reports that further to its news release dated May 12, 2022, it has closed the

first tranche of its non-brokered private placement. The Company issued an aggregate of 11,036,000 units

at a price of $0.05 per unit for gross proceeds of $551,800. Each unit consists of one common share and

one common share purchase warrant which entitles the holder to purchase an additional common share of

the Company at a price of $0.10 for a period of two years from the date of closing. The shares and

underlying shares are subject to a four-month hold period. No finder’s fees were paid in connection with

the private placement.

The net proceeds of the Offering will be used for due diligence on potential mineral concessions the

Company is currently looking at, as well as for general working capital.

About Masivo Silver Corp

Masivo is a silver and gold exploration, development, and ore processing company exploring an aggregate

of 14,000+ hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western

Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons

of ore per day. Additional information on Masivo, its current operations and its vision, is available on the

Company’s website at www.masivosilver.com or from [email protected].

ON BEHALF OF THE BOARD OF DIRECTORS

“David Coburn” Chief Executive Officer

For information, please contact the Company:

Phone: 602-315-1231

E-mail: [email protected]

Website: www.masivosilver.com

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.