Precious Metals

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Santacruz Silver Reaches Agreement to Extend Zimapan Mine Lease and Updates Status of Zimapan Mine Acquisition

Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") reports that its wholly-owned subsidiary, Carrizal Mining S.A. de C.V. ("Carrizal"), has reached agreement with Minera Cedros, S.A. de C.V. ("Minera Cedros"), a wholly owned subsidiary of Industrias Peñoles, S.A.B. de C.V., to extend the current mine lease on the Zimapan Mine from December 31, 2020 to June 30, 2021.

In a related matter, the Company advises that it and Minera Cedros are at an advanced stage of negotiations with respect to executing the transaction (see press release dated July 28, 2020) in its terms, whereby Santacruz will acquire the Zimapan Mine and all related assets.

Further, the Company advises that it is in advanced discussions with a senior mine finance group with respect to putting in place a financing facility to support the acquisition of the Zimapan Mine and related assets.

Carlos Silva, CEO of Santacruz, commented, "Management is very pleased to have reached this accommodating mining lease extension agreement with Minera Cedros in these difficult Covid-19 operating times. We believe that we are well on our way to being able to complete the acquisition of the Zimapan Mine in early 2021."

About Santacruz Silver Mining Ltd.

Santacruz is a Mexican focused silver company that currently owns and operates the Rosario Mine. The Company also owns 100% of Carrizal Mining. Carrizal Mining holds a 20% working interest in the Company's Veta Grande Project and has the right to operate the Zimapan Mine until June 30, 2021 under a mining lease agreement. The acquisition of the Zimapan Mine and related assets is subject to a number of conditions, including receipt of all necessary regulatory approvals including approval of the TSX Venture Exchange ("TSXV") to the transaction which will constitute a "Fundamental Acquisition" pursuant to TSXV Policy 5.3.

The Company is managed by a technical team of professionals with proven track records in developing, operating and discovering silver mines in Mexico. Our corporate objective is to become a mid-tier silver producer.

'signed'

Arturo Préstamo Elizondo,
Executive Chairman

For further information please contact:

Arturo Prestamo
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: 52 81 8378-5707

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward looking information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws, including statements relating to the acquisition of the Zimapan Mine by the Company and potential funding transactions for the Purchase Price thereof. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including that the Company's financial condition and development plans do not change as a result of unforeseen events, that the Company will receive all required regulatory approvals and that future metal prices and the demand and market outlook for metals will remain stable or improve. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, unanticipated delays in obtaining or failure to obtain regulatory or stock exchange approvals; the risk that any of the assumptions referred to above prove not to be valid or reliable; there can be no assurance that the Company will be successful in completing the acquisition of the Zimapan Mine (including obtaining the necessary funding); risk of delays or inability to obtain the approval of the TSXV to the acquisition of the Zimapan Mine; market conditions and volatility and global economic conditions, including increased volatility and potentially negative capital raising conditions resulting from the continued COVID-19 pandemic and risks relating to the extent and duration of such pandemic and its impact on global markets; risk of delay and/or cessation in planned work or changes in the Company's financial condition and development plans; risks associated with the interpretation of data (including in respect of the third party mineralized material) regarding the geology, grade and continuity of mineral deposits; the uncertainty of the geology, grade and continuity of mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; risks related to gold, silver, base metal and other commodity price fluctuations; risks relating to environmental regulation and liability; the possibility that results will not be consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70298

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Pan American Silver Releases 2022 Sustainability Report

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today released its 2022 Sustainability Report (the "Report") describing Pan American's approach and performance in the areas of environment, social and governance ("ESG") in 2022. The Report also includes our 2023 goals for ESG performance. A Spanish version of the Report will be released shortly.

Highlights of Pan American's 2022 ESG performance include:

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Endeavour Silver Files Amended Terronera Technical Report

Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) announces that it has filed an amended technical report titled " NI 43-101 Technical Report of the Feasibility Study of the Terronera Project, Jalisco State Mexico - Amended " dated May 15, 2023, with an effective date of September 9, 2021 in respect of the Company's Terronera project (the " Amended Terronera Report "). The Amended Terronera Report addresses comments raised by the British Columbia Securities Commission in the course of a pre-filing review conducted by the BCSC at the Company's request.

The Amended Terronera Report amends the technical report titled " NI 43-101 Technical Report on the Feasibility Study of the Terronera Project, Jalisco State, Mexico " dated October 21, 2021 and effective September 9, 2021 (the " Original Terronera Report ") and contains no material differences to the Original Terronera Report filed on October 25, 2021. A summary of the scientific and technical information contained in the Original Terronera Report can be found in the Company's news release dated September 9, 2021 . Two of the eight qualified persons who had prepared the Original Terronera Report were replaced by two new qualified persons.

News Provided by GlobeNewswire via QuoteMedia

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Top 10 Silver-producing Countries (Updated 2023)

There are many factors to consider when investing in silver-focused stocks, including the management team, the silver price and which companies are operating in the top silver-producing countries.

Knowing the top silver-producing countries can help investors understand the logic behind the exploration and development decisions that companies make. For example, high silver production in a particular country might indicate mining-friendly laws or high-grade deposits.

In 2022, Mexico was once again the world’s leading silver-producing country. Global silver production increased marginally for the period, rising to 26,000 metric tons (MT) due to a return to production in key countries following shutdowns during the COVID-19 pandemic. Below is an overview of the top silver-producing countries of 2022. Silver production stats are based on the latest data from the US Geological Survey.

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Silver Hammer Mining Corp

Silver Hammer Mining Commenced a Property-Wide Airborne Magnetic and Radiometric Survey at its Silverton High-Grade Silver Project in Nevada

Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (FSE: 7BW0) (the "Company" or "Silver Hammer") is pleased to announce that it has commenced a property-wide airborne magnetic and radiometric survey at its 100%-owned high-grade Silverton Project in Nevada. The Company has engaged Precision GeoSurveys to complete surveys at both its Silverton and Eliza projects in Nevada.

"I am excited to announce the commencement of another year of exploration for Silver Hammer, and we are pleased to have engaged Precision for airborne magnetic and radiometric surveys in 2023," commented President & CEO Peter A. Ball. "The survey will provide us the final layer of technical data to assist in vectoring in on our current identified priority targets and permitted drill program at the Silverton Project in Nevada. This will be the first time in over 35 years any form of modern exploration will be completed over the Silverton Mine and property, and it will be exciting to review the results of what lays beneath the mine complex and property, where rock chip sampling yielded high grade silver at surface. We are pleased to commence this program ahead of schedule, which will assist in accelerating our exploration efforts across our portfolio. After the Silverton geophysical survey, the Company looks forward to completing a similar survey at the Eliza Silver Project in the summer of 2023."

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SILVERCORP DECLARES SEMI-ANNUAL DIVIDEND OF US$0.0125 PER SHARE

Silvercorp Metals Inc. logo (CNW Group/Silvercorp Metals Inc)

Trading Symbol: TSX/NYSE American: SVM

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SILVERCORP DECLARES SEMI-ANNUAL DIVIDEND OF US$0.0125 PER SHARE

Silvercorp Metals Inc. logo (CNW Group/Silvercorp Metals Inc)

Trading Symbol: TSX/NYSE American: SVM

News Provided by Canada Newswire via QuoteMedia

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