Mr. Jorge Monroy reports

REYNA SILVER INCREASES CLAIMS AT MEDICINE SPRINGS TO 6,500 HA

Reyna Silver Corp. has filed 210 new claims (1,730 hectares) at its 100-per-cent-optionality Medicine Springs project in Elko county, Nevada (see press release from Jan. 5, 2023). These additional claims bring the project total to 6,561 ha. Medicine Springs lies southeast of Elko, Nev., just east of the Ruby Mt. Range. The geologic features and results of the 2022 reconnaissance drilling program indicate a carbonate replacement deposit (CRD) exposed at a distal level (see press release from Jan. 10, 2022). Medicine Springs' regional setting within a belt of highly productive porphyry copper systems suggests the intrusive driver of the system may also be economically important.

"The Medicine Springs 2022 reconnaissance drilling program proved potential for high-grade mineralization and room to grow, so we are excited to be gearing up for our expanded drilling program this summer," said Jorge Ramiro Monroy, chief executive officer of Reyna Silver. "Our geologists recognized features indicating the system extends to the northwest, so we added 1,730 ha of new claims. This brings us to over 6,500 ha with one of the best mining addresses in the world, Elko county, Nevada."

Qualified person

Dr. Peter Megaw, PhD, CPG, the company's chief exploration adviser and qualified person, reviewed the technical aspects of the exploration projects described herein and is responsible for the design and conduct of the exploration program and the verification and quality assurance of analytical results. Dr. Megaw is not independent as he and/or companies with which he is affiliated hold net smelter royalties on the Guigui and Batopilas projects that predate Reyna Silver acquiring them.

About Reyna Silver Corp.

Reyna Silver is a growth-oriented junior exploration and development company focused on exploring for high-grade, district-scale silver deposits in Mexico and the United States.

Reyna's principal properties are the Guigui and Batopilas properties in Chihuahua, Mexico. Guigui covers the interpreted source area for the Santa Eulalia Carbonate replacement district (CRD) and Batopilas covers most of Mexico's historically highest-grade silver system. The company also has an option to acquire 80 per cent of the Medicine Springs property in Nevada, U.S., as well as the early-stage La Durazno and Matilde and La Reyna mineral properties in Mexico.

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