Mr. David Coburn reports

MASIVO SILVER EXTENDS WARRANT EXPIRY DATE

Masivo Silver Corp. has applied to the TSX Venture Exchange to extend the expiry date for 2.2 million (postconsolidation) of its outstanding unlisted common share purchase warrants. The warrants, each of which is currently exercisable at a price of 38 cents, were originally issued by the company as part of a non-brokered unit private placement completed in February, 2021. The company will extend the expiry date of the warrants to 4:30 p.m. PST on Feb. 8, 2025, subject to TSX Venture Exchange approval.

The warrant exercise proceeds are intended to be spent on advancing exploration of the company's properties in Nevada and for general working capital purposes.

About Masivo Silver Corp.

Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the state of Nevada, United States, and in the state of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko county, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston mine. In Mexico, Masivo's mining focus includes silver and gold exploration, development, and ore processing within an aggregate of more than 14,000 hectares (more than 35,000 acres) strategically located in the gold-rich/silver-rich Sierra Madre Occidental trend in western Mexico. The company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day.