The TSX Venture Exchange has accepted for filing the company's reverse takeover (RTO), which includes the following transactions.

Acquisition of La Guitarra Compania Minera S.A. de C.V.

The company acquired all of the issued and outstanding shares of La Guitarra from an arm's-length third party pursuant to an amended and restated share purchase agreement. As consideration for the acquisition of all of issued and outstanding shares of La Guitarra, the company issued 69,063,076 common shares at a deemed price of 65 cents per common share. La Guitarra holds a 100-per-cent interest in the 39,714-hectare La Guitarra silver-gold property in the Temascaltepec mining district of Mexico. The company also granted a net smelter return (NSR) royalty in connection with closing.

The exchange has been advised that the above transaction, which was approved by shareholders on Dec. 9, 2022, has been completed.

For further information, please see the company's information circular dated Nov. 8, 2022, and news releases dated Dec. 10, 2022, Dec. 28, 2022, March 21, 2023, and March 30, 2023, all of which are available on SEDAR.

The company is classified as a gold and silver ore mining company (NAICS No. 212220).

Escrowed:  78,351,865 common shares, which includes shares subject to a pre-existing escrow agreement