Mr. David Coburn reports

MASIVO SILVER ADVANCES CERRO COLORADO SILVER-GOLD PROJECT TOWARD PHASE I DRILLING

Continuing field operations at Masivo Silver Corp.'s newly optioned Cerro Colorado project in Sonora, Mexico, will significantly ramp up with field crews, drill crews and equipment mobilizing to the project preparation for its 1,500-metre phase I drill program.

With environmental approvals in place and private property access agreement, current activities include rehabilitation of access routes, construction of drill pads and site preparation required to support drilling. These steps represent the final stages of preparation prior to commencement of drilling.

Project advancement highlights and continuing field activities

Masivo is currently undertaking the following activities at Cerro Colorado:

• Mobilized field crews, drill crews and required equipment to site;
• Rehabilitation of access routes to priority target areas;
• Construction of drill pads for the phase I program;
• Secured drilling contractors and water supply infrastructure;
• Finalizing logistics to support continuous drilling.

The phase I drill program has been designed to test a number of priority targets identified through surface sampling, geological mapping and review of historical data. The company's initial drill program is designed to test targets with strong potential for a silver discovery.

Historical sampling highlights and geological context

Historical records from the Consejo de Recursos Naturales No Renovables (now the Servicio Geologico Mexicano (SGM)) document high-grade silver, gold and base metal values from underground workings on the property.

A historical sample reportedly collected in November, 1972, by Ing. Adalberto Vazquez P., from what is now a collapsed tunnel on the main mineralized structure, returned values of 2,200 grams per tonne silver and 4.57 grams per tonne gold.

Approximately 400 metres northeast, a second historical sieve sample taken from mine dump material associated with another collapsed tunnel on the same concession reportedly returned values of 1,840 grams per tonne silver, 4.8 grams per tonne gold, 3.06 per cent copper, 4.5 per cent lead and 2.92 per cent zin.

These historical samples are selective in nature and may not be representative of broader mineralization. However, they provide geological context and support the presence of a multimetal mineralizing system, which has informed current target selection.

Management commentary

David Coburn, president and chief executive officer of Masivo Silver, commented: "We are excited to launch our maiden drill program at Cerro Colorado. After significant effort compiling historical information, completing detailed geological mapping and carrying out systematic sampling, we have selected what we believe are the most geologically compelling targets. There is scale potential as seen with the historical sampling over a large mineral system footprint. The upcoming drill program is designed to test these targets for the potential to make a silver discovery."

Senior geologist Jorge Rafael Gallardo added: "The historic samples at Cerro Colorado clearly demonstrate that this is a productive mineral system capable of returning high grades over a significant footprint. While these results are selective and historical in nature, they provide invaluable geological insight and strongly support our current targeting strategy. We are confident that the upcoming drill program is designed to properly evaluate the scale and continuity of this mineralized system."

Technical oversight

The phase I drill program has been designed and will be carried out under the supervision of Mr. Gallardo, senior geologist, together with Mark Bailey, PGeo, and Brian Brewer, PGeo, who is the qualified person as defined under NI 43-101 and has reviewed and approved the technical content of this news release.

Stock option grant

The company has granted 2.55 million stock options to directors, officers and consultants. The options are exercisable at 8.5 cents per share for a period of five years, in accordance with the company's stock option plan and applicable regulatory policies.

About Masivo Silver Corp.

Masivo Silver is a Canadian junior exploration company focused on the acquisition, exploration and advancement of gold, silver, copper and base metal projects in Mexico and Nevada (United States). The company's current portfolio includes the Cerro Colorado property in Sonora, Mexico, and the Boston mine project in Nevada.

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