Guanajuato Silver Awards Stock Options and Restricted Share Units

Guanajuato Silver Company Ltd. (GSilver), announced the award of stock options and restricted share units (RSUs) to selected personnel, as part of its compensation strategy. This move, under the Company's stock option plan and omnibus equity compensation plan, sees the granting of options to purchase up to 4.2 million common shares at $0.20 each, valid for five years, with a tiered vesting period. Simultaneously, GSilver has issued 1.6 million RSUs, vesting after twelve months. Each RSU, upon vesting, converts to one common share of the Company, enhancing the connection between GSilver’s growth and the rewards available to its team.

The grants are targeted at officers, directors, employees, and consultants, aiming to incentivize and retain key personnel by aligning their interests with those of the shareholders and the company's long-term objectives. This strategic approach underscores GSilver's commitment to its human resources while it continues to expand its operations in Mexico, leveraging the country's rich mining heritage and its own growing portfolio of productive mines.