Mr. James Anderson reports

GUANAJUATO SILVER GRANTS STOCK OPTIONS TO OFFICER

Guanajuato Silver Company Ltd. has granted incentive stock options of the company as outlined below.

An officer of Guanajuato Silver was issued incentive stock options to acquire 150,000 common shares in the capital of the company at an exercise price of 50 cents in accordance with the company's incentive stock option plan. The options are exercisable for a five-year term expiring Aug. 28, 2031, and are subject to vesting provisions.

About Guanajuato Silver Company Ltd.

Guanajuato Silver is a precious metals producer with a portfolio of producing silver and gold mines in central Mexico.