GR Silver Mining Bolsters Leadership for Plomosas Project Advancement

GR Silver Mining Ltd. has announced a significant restructuring of its management team, aiming to capitalize on recent successes in mineral discovery and financial improvements. These strategic appointments are designed to propel the Plomosas Silver Project in Sinaloa, Mexico, forward, leveraging experienced in-house talent for renewed growth and exploration efforts.

Leadership Evolution at GR Silver Mining

GR Silver Mining is implementing key leadership changes to optimize its operational and strategic capabilities:

• Márcio Fonseca transitions from President and COO to President and Chief Executive Officer. His tenure as COO saw successful resource updates for the Plomosas Project and the discovery of new silver mineralization at the San Marcial Area.
• Eric Zaunscherb moves from CEO to Executive Chair of the Board of Directors. He will focus on communicating the company's investment proposition and attracting resources for the business plan.

Key Management Promotions

Several internal promotions reflect the company's commitment to recognizing and elevating talent:

• Alejandro Cano Cabello has been promoted to Vice President of Operations, Mexico. With over two decades of experience in the Mexican mining sector, his expertise will be crucial for GR Silver Mining's growth in the region.
• Luis Coto is now Vice President, Exploration. He played a pivotal role in the discovery of the high-grade silver-mineralized breccia at San Marcial and brings extensive experience in various geological settings.
• Gerardo Cicilia Calnacasco has been appointed Controller, Mexico. His 20 years of financial experience, including 14 in the mining industry, will strengthen the company's cost accounting and budgeting.

Corporate Achievements and Future Outlook

GR Silver Mining has made significant strides in improving its financial health and positioning for future growth:

• Sale of a non-core asset.
• Elimination of the company's working capital deficit.
• Compensation from a third party for a historical environmental issue.
• Significant uplift in the company's share price.
• Strengthened leadership through new director recruitment.

The company is actively pursuing its drill program in the San Marcial Area, with three drill rigs focusing on defining new near-surface mineralized zones and testing down-plunge extensions. Additionally, discussions are underway for a Bulk Sampling Test Mining program at the permitted Plomosas Mine, aiming to achieve critical mass in the Mexican silver mining industry.

Stock Options Grant

In line with its Omnibus Equity Incentive Plan, GR Silver Mining has granted 750,000 incentive stock options to officers joining senior management. These options are exercisable at $0.175 per share for five years and vest immediately upon grant, subject to TSX Venture Exchange policies.

Sources

• GR Silver Mining Strengthens Management Structure and Provides Corporate Update, Junior Mining Network.