Geologist and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), Michelle Robinson comments “results of our phase-one program at Picachos imply a robust and geographically expansive mineralized system for which we have only just scratched the surface. I am very pleased with our results, in particular the number of targets demanding follow up drilling or for newly discovered zones, a first ever drill hole. The Cocolmeca vein structure (CVS) is persistent and strongly mineralized and I look forward to expanding the depth and strike length in 2021, as well as continuing the exploration of the rest of the CVS, particularly in the central Cocolmeca area.”

“The Company continues to outline a much larger epithermal system in the San Juan Area of the Plomosas Project. The recent drilling data at the San Francisco Vein delineates additional zones of epithermal veining and hydrothermal breccias, extending existing structures 200 m to the south. The integration of the San Juan Area with the potential acquisition of concessions between the San Marcial and Plomosas Projects delineates an initial 4 km long, 100%-controlled north-south mineralized corridor. This corridor represents only one of the nine mineralized corridors under exploration by the Company inside the Plomosas Silver Project…”

“We are excited to see how drilling at the El Capitan oxide gold zone at the Penoles project is expanding gold mineralization down-dip and along strike from the drilling that was used for the maiden 43-101 Resource (2015). In addition, the discovery and delineation of the Hanging Wall Zone provides an opportunity to expand the near-surface gold mineralization and enhance the overall project.”

Greg McKenzie, President and CEO commented: “We are pleased to see the current drill program is advancing with strong productivity, despite challenges associated with COVID. Infill sampling and assays of previously unsampled areas have generated insight, and allow us to significantly expand mineralized areas, improve continuity and has demonstrated higher grades. As our exploration program continues over the coming months, we look forward to unlocking further value on the San Diego Project.”

“Casados, like El Orito, is the second major epithermal silver and gold discovery our exploration team has made since we began working on the Los Ricos North property only 8 months ago,” said Brad Langille, President and CEO. “These discoveries, along with the resource drilling at El Favor and La Trini, we believe will be paramount to the team defining a significant Mineral Resource Estimate at Los Ricos North in 2021. This additional discovery at Casados continues to strengthen our belief that Los Ricos North is a very large mineralized system.”