The effective date of the Measured and Indicated ("M&I") Mineral Resource and Mineral Reserve Estimate is June 30, 2022. The financial model and Life of Mine ("LOM") production plan, factoring in the processed and depleted ore up to December 31, 2022, starts on January 1, 2023. The results announced in this news release are compared to those disclosed in a prior technical report dated January 4, 2021 (the "2021 Feasibility Study" or "2021 FS") filed on SEDAR February 2, 2021 titled "NI 43-101 Technical Report & Feasibility Study on The Las Chispas Project". In this Report, silver equivalent ("AgEq") references are based on an updated silver ("Ag") to gold ("Au") ratio of 79.51:1 (formerly 86.9:1 in the 2021 FS). The 2021 Feasibility Study is no longer current, the 2021 Feasibility Study results are no longer supported by the results in the Report and should not be relied upon.