Mr. Eric Zaunscherb reports

GR SILVER MINING ISSUES INCENTIVE OPTIONS

GR Silver Mining Ltd., pursuant to the company's omnibus equity incentive plan, has granted incentive stock options to purchase up to 1.05 million common shares to officers of the company. The option grant is the result of the company's annual compensation review, in addition to those granted on joining the company. Subject to the provisions of the company's omnibus equity incentive plan, 300,000 of the options vest immediately and 750,000 of the options will vest one-third on grant, one-third on the first anniversary of the grant and one-third on the second anniversary of the grant. The options are exercisable at nine cents per share for a period of five years from the date of grant and are subject to the policies of the TSX Venture Exchange.

About GR Silver Mining Ltd.

GR Silver Mining is a Canadian-based, Mexico-focused junior mineral exploration company engaged in cost-effective silver-gold resource expansion on its 100-per-cent-owned assets, located on the eastern edge of the Rosario mining district, in the southeast of Sinaloa state, Mexico. GR Silver Mining controls 100 per cent of two past-producer precious metal underground and open-pit mines, within the expanded Plomosas project, which includes the integrated San Marcial area and La Trinidad acquisition. In conjunction with a portfolio of early to advanced-stage exploration targets, the company holds 734 square kilometres of concessions containing several structural corridors totalling over 75 kilometres in strike length.

We seek Safe Harbor.