REYNA SILVER CORP - RSNVF STOCK NEWS

Reyna Silver Corp. and Reyna Gold Corp. have entered into a Property Option Agreement with Golden Gryphon USA Inc. on the Gryphon Summit Project located in Nevada. The project covers 10,300 hectares and exhibits multiple mineralizing events including Carlin-style Gold, Silver, Lead, Zinc, Copper, Gold Carbonate Replacement veins, and stratabound Nickel-Zinc mineralization. Reyna Silver and Reyna Gold will earn up to a 70% equity interest in the Project by expending a total of US$9,500,000 and making cash payments to Gryphon. The joint venture will continue exploration and development of the Project. The Agreement is subject to due diligence and acceptance by the TSX Venture Exchange.

Reyna Silver and Reyna Gold enter into a Property Option Agreement with Golden Gryphon USA Inc. for the Gryphon Summit Project in Nevada. The project covers 10,300 hectares and shows evidence of multiple mineralizing events including Carlin-style Gold, Silver, Lead, Zinc, Copper, Gold Carbonate Replacement veins, and stratabound Nickel-Zinc mineralization. Reyna Silver and Reyna Gold plan to deploy an integrated ore-systems approach for exploration. The Agreement allows Reyna JV to earn up to a 70% equity interest in the Project by meeting certain conditions by April 30, 2027.

Reyna Silver Corp has amended its option agreement regarding the Medicine Springs Project in Nevada, originally set on August 20, 2017. The agreement modification aligns obligations with cash flows, allowing more funds to be invested in the project. CEO Jorge Monroy emphasized the confidence of the Optionors, Stephen Sutherland and Herb Duerr, in the project’s potential. The original financial commitments included cash payments totaling US$950,000 and a minimum work commitment of US$2.7 million. The new terms include an initial cash payment of US$150,000 and additional payments scheduled up to February 2025. The company awaits approval from the TSX Venture Exchange for the amendments.

Reyna Silver Corp (OTCQB:RSNVF) issued a correction to its February 23, 2023 press release regarding a private placement's second tranche. The Offering raised gross proceeds of C$3,011,916 by selling 10,039,720 units at C$0.30 each. The correction highlighted that cash finder's fees amounted to $51,743.62, and 169,563 Compensation Warrants were issued, each exercisable into one unit at $0.30 for 24 months. It also clarified that the Compensation Warrants for the Underwriters are also valid for 24 months, not 36. This news does not offer securities for sale in the United States.

Reyna Silver Corp. has announced promising results from its initial reconnaissance drilling program at the 4,831 hectare Medicine Springs Project in Elko County, Nevada. The four-hole, 1,850m drill program focused on locations like the Golden Pipe and Silver Butte areas, revealing significant high-grade silver mineralization. Notably, drill hole MS22-001 encountered 2.4m grading 1,021 g/t silver, while MS22-002 showed 7.4m averaging 186 g/t silver, including a peak of 274 g/t. The findings affirm Medicine Springs' potential as a major Carbonate Replacement Deposit (CRD) district. Reyna aims to continue drilling later in the year to further explore these results.