SIERRA MADRE GOLD SILVER - SMDRF STOCK NEWS

Sierra Madre Gold and Silver Ltd. (TSXV:SM, OTC PINK:SMDRF) announced the appointment of Kenneth Scott as the new Chief Financial Officer (CFO), effective immediately. Mr. Scott brings over 33 years of public company auditing experience, having worked with notable mining companies during his tenure at PricewaterhouseCoopers. The transition comes as the company prepares for operations at its La Guitarra project. The previous CFO, Kerry Spong, will continue to serve as Controller and Corporate Secretary.

Sierra Madre Gold and Silver Ltd. (TSXV:SM) (OTCQB:SMDRF) announced the successful outcomes of its annual general shareholders meeting held on June 30, 2022. All board members were re-elected, and the current auditor, Davidson & Company LLP, was re-appointed. Shareholders also approved a new 10% rolling stock option plan in line with TSX Venture Exchange rules.

The company is currently focused on the Tepic and La Tigra Properties in Mexico, aimed at identifying commercially viable metal deposits.

Sierra Madre Gold and Silver Ltd. (TSXV:SM, OTCQB:SMDRF) has entered into a definitive agreement with First Majestic Silver Corp. to acquire a 100% interest in the La Guitarra Silver-Gold Property in Mexico for US$35 million, issuing approximately 69 million shares at $0.65 each. La Guitarra has a history of silver-gold production and contains significant mineral resources, including 7.45 million ounces of silver-equivalent. The acquisition positions Sierra Madre for mid-tier precious metals production and strengthens its portfolio with three projects in Mexico.

Sierra Madre Gold and Silver Ltd. (OTCQB:SMDRF) has reported promising results from its initial drilling program at the La Tigra Gold/Silver Project in Nayarit, Mexico. The maiden drill program included three holes, revealing mineralization across all locations. Notably, Hole 3 presented an intersection of 32 meters with 1.0 g/t gold. Additionally, the company is expanding its project area through a new mining concession, covering 1,653 hectares. Future drilling plans are based on extensive mapping and sampling data.

Sierra Madre Gold and Silver Ltd. provided an update on its La Tigra Gold/Silver Project in Nayarit, Mexico. The results from 154 channel samples show gold grades ranging from 0.011 to 239.0 g/t, with an average of 3.14 g/t Au. Additionally, surface trenching returned significant results, including 8.9 meters of 3.27 g/t gold. Drilling efforts are ongoing, with two rigs moved from the Tepic Project, and a third rig with greater depth capacity has been added to enhance target definition.

Sierra Madre Gold and Silver Ltd. has announced promising results from its recent drill holes TDH013 to TDH016 at the Tepic Silver/Gold Project in Nayarit, Mexico. Highlights include 3.85 meters grading 656 g/t AgEq and 2.30 meters grading 1,070 g/t AgEq. The drilling encountered intersections averaging 301 g/t AgEq, exceeding earlier drilling grades. The company is transitioning drill rigs to the La Tigra project while integrating new data into a 3-D model for future drilling. The Tepic project spans over 2,600 hectares and is expected to yield significant resource updates.

Sierra Madre Gold and Silver Ltd. (OTCQB:SMDRF) has finalized its acquisition of the Tepic Silver/Gold Project in Nayarit, Mexico, with a final payment of USD$50,000. The licenses will be transferred to its subsidiary, PITA Exploration S. DE R.L. DE C.V.

The company has also granted 500,000 stock options to consultants at a price of $0.74 per share for five years. These options will vest in three increments over the next year. Sierra Madre is focused on advancing exploration on its properties to identify commercially viable deposits.

Sierra Madre Gold and Silver Ltd. (TSXV:SM, OTCQB:SMDRF) announced positive results from its Phase 2 drilling program at the Tepic Silver/Gold Project in Nayarit, Mexico. All twelve drill holes intersected silver and gold mineralization, with notable results including 305 meters grading 743 g/t AgEq and 45 meters grading 402 g/t AgEq. These results validate extensions of known structures and test new targets, suggesting potential for a significant upgrade in the mineral resource estimation. The company plans additional drilling based on these encouraging results.

Sierra Madre Gold and Silver Ltd. has announced positive results from the first seven drill holes of its Phase 2 drilling program at the Tepic Silver/Gold Project in Nayarit, Mexico. Each hole intersected a minimum of three meters with an impressive average of 100 g/t AgEq. Notably, hole TDH006 revealed continuous mineralization, extending the strike-length potential of the well-known Dos Hornos 2 Vein. The company anticipates these findings will significantly enhance the upcoming NI 43-101 resource report, highlighting the project's potential.