Mr. Eric Zaunscherb reports

GR SILVER MINING ANNOUNCES UP TO $1.2 MILLION PRIVATE PLACEMENT FINANCING

GR Silver Mining Ltd. proposes to undertake a non-brokered private placement of up to 30 million units at a purchase price of four cents per unit to raise total gross proceeds of up to $1.2-million. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of $0.07 for three years. In accordance with the policies of the TSX Venture Exchange ("TSXV"), the Company is relying on a minimum pricing exception to issue securities at less than $0.05 per listed security.

The proposed use of proceeds from the Offering is: (i) approximately 29% of the gross proceeds of the Offering will be used to pay outstanding amounts currently owing to persons who are arm's length to the Company; (ii) approximately 4% of the gross proceeds will be used to pay outstanding amounts owing to management and directors of the Company; and (iii) the balance of the proceeds will be used to fund general working capital. No proceeds under the Offering are expected to be paid to persons conducting Investor Relations Activities (as such term is defined in TSXV policies).

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 TSXV.

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 TSXV.

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%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100% 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 km2 of concessions containing several structural corridors totaling over 75 km in strike length.

We seek Safe Harbor.