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MASS.V ·

“Masivo Silver Adds New Director to the Board”

Management Changes

“MASIVO SILVER ADDS NEW DIRECTOR TO THE BOARD”

Vancouver, British Columbia, April 15, 2021 - Masivo Silver Corp. (TSXV: MASS) ( “Masivo” or the

“Company”) is pleased to announce that it has added Mr. Thomas O. Quigley to the Board of Directors to

strengthen the team.

Mr. Thomas O. Quigley, a Professional Geologist, has extensive exploration experience for precious and base

metals, platinum group metals, uranium, diamonds and industrial minerals, as an industry and consulting geologist

throughout North America - from grass roots exploration through discovery and mine development.

Mr. Quigley has been President of Great Lakes Exploration, Inc. and Minerals Processing Corporation since their

inception in 1982 and 1995, respectively. Following the discovery of the Back Forty VMS deposit in Michigan’s

Upper Peninsula, Thomas was President and CEO of Aquila Resources Inc. from 2004 through 2013 where he

was responsible for financing, strategic planning, marketing, and ongoing technical evaluation. During his tenure

as CEO, he was responsible for raising in excess of $30 million dollars and advancing the Back Forty deposit

from the discovery drill hole through pre -feasibility and advanced mine permitting. Following his retirement as

CEO he continued to provide services as VP of Exploration and Senior Technical Advisor and Qualified Person

for Aquila until 2017.

Mr. Quigley, obtained a Master’s of Science degree in Geology from Queen’s University in 1990 from the Mineral

Exploration Program (QMinEx), and a Master’s of Science degree in Biology in 1978 from the University of

Minnesota. He is a Certified Professional Geologist licensed by the American Institute of Professional Geologists

(CPG #11962) and by the State of Minnesota.

David Coburn, Masivo Silver Corp. CEO, stated “We are very pleased to welcome Tom Quigley to the Board of

Directors. His knowledge and extensive mining experience will definitely be strengthening our team.”

Director Brent Omland will be stepping down from the Board of Directors. Masivo would like to thank Brent for

his services and dedication to the Company throughout the years.

David Coburn, Masivo Silver Corp. CEO, stated “I would like to thank Brent for the many years he has put in to

get our Company to where it is today.”

In other news, the Company has granted a total of three million incentive stock options to directors, officers and

consultants, pursuant to Masivo's stock option plan and subject to TSXV approval. The options have an exercise

price of $0.15 and a term of three years from the date of grant.

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 th e TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.