Mr. Eric Zaunscherb reports

GR SILVER MINING ANNOUNCES PRIVATE PLACEMENT REPRICING

GR Silver Mining Ltd. has repriced the non-brokered private placement of units for gross proceeds of up to $1-million, previously announced July 11. The price per unit has been repriced from 7.5 cents to five cents per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Under the new terms, each whole warrant will entitle the holder to purchase one common share of the company at a price of eight cents, reduced from 12 cents, at any time on or before that date which is 24 months after the closing date of the offering.

The gross proceeds received from the sale of the units will be used for the advancement of studies on the company's Plomosas project and for general working capital.

The units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The company will pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and the policies of the TSX Venture Exchange.

All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX-V.

About GR Silver Mining Ltd.

GR Silver 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 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.