Company owns two projects in Guanajuato district, and with over 7,000ha of mining claims, is the dominant land holder in what is one of Mexico’s most prolific silver producing regions.

The company acquired the El Cubo project in 2021 from Endeavour Silver who are now a significant shareholder in the company enabling a rapid restart of production at the existing mill. A recent PEA provides indicative economics although plans are rapidly advancing beyond the assumptions which indicated unit costs of US$9.42/oz and an initial seven year mine life.

The first precious metals concentrate sales are expected to begin in October 2021 with the annual average production aiming at 1.8M AgEq ounces.

El Cubo Project Rapid refurbishment of the mill will enable first production in October 2021. Redesign of mine plan with a broader focus of mineable mineralization to include narrower veins with high grades over 200g/t Ag.

This is expected to significantly expand  the mineable resource extending the mine life beyond the initial seven years implied by the current resource base. Recent underground drilling has intercepted 4m at 194g/t Ag including 1.4m at 469g/t Ag and 1.55m at 470g/t AgEq.

El Pinguico Project Surface stockpile size- 185k Tonnes with grades -103gpt AgEq, underground stockpile size-25,600 tonnes(top 5m of stockpile only) with grades 301gpt AgEq offer near term cash flow opportunity to fund wider exploration.

Never drilled or explored by modern methods; company interpretation indicates potential to intercept the Veta Madre (the region’s historically most productive vein) at depth within the license area. The intersection has high grade, high value potential and adds major exploration upside to the project.