ZACATECAS SILVER CORP - ZCTSF STOCK NEWS

Zacatecas Silver Corp. (OTC: ZCTSF) announced the approval of 30 drill permits for the El Cristo Vein System in Mexico, allowing targeted exploration of a newly extended silver-rich vein system now measuring at least 4 km. This approval promotes ongoing drilling activities, with 2500 meters planned for the initial phase and assays pending from the Panuco North area. Historical data indicates promising silver grades in this area, marking it as a significant exploratory milestone for the company.

Zacatecas Silver Corp. has successfully completed the acquisition of the advanced stage Esperanza Gold Project in Mexico from Minas De Oro Nacional, a subsidiary of Alamos Gold. The transaction is valued at approximately US$60 million, with an initial payment of US$5 million in cash and approximately 12.14 million common shares. The Esperanza Gold Project holds a historic measured resource of 1,084,000 ounces of gold and 8,936,000 ounces of silver. Zacatecas aims to update resource estimates and conduct economic studies in 2022, leveraging a strong balance sheet supported by a recent $19.15 million private placement.

Zacatecas Silver Corp. (OTC: ZCTSF) has reported high-grade silver and gold assay results from its diamond drilling at Panuco North and Panuco Central Veins. The highlighted results from Hole PAN2022-042 include 1.25m at 1440 g/t AgEq, indicating significant mineralization close to the surface. The company notes that mineralization remains open at depth and along strike, enhancing exploration potential. Drilling continues, with additional results pending, and the recent drilling efforts have revealed robust silver grades, suggesting promising prospects for future resource estimates.

Zacatecas Silver Corp. (OTC: ZCTSF) announced promising assay results from diamond drilling at the Panuco North and Central veins. Key highlights include 1.25m at 1440 g/t AgEq (1423.2 g/t Ag and 0.23 g/t Au) in Hole PAN2022-042, with multiple other high-grade intersections. Drilling reveals considerable depth potential, with mineralization open in all directions. The company plans additional drilling to extend the current resource estimate. These results support the exploration potential of both Panuco North and Central, with future drilling targeting near-surface extensions.

Zacatecas Silver Corp. (TSXV: ZAC, OTC: ZCTSF) announced progress in its diamond drilling program at the Panuco deposit, having drilled 7,420 m to date, with 4,707 m at Panuco North and multiple assays pending. The company received approval for 27 new drill permits, allowing exploration along the entire vein system. Notably, the discovery hole returned 2.17m at 823 g/t AgEq. Zacatecas is also advancing drilling plans at El Cristo, targeting near-surface extensions of historically tested veins. The assay results for 24 additional holes are expected within three weeks.

Zacatecas Silver Corp. has successfully closed an oversubscribed financing of $19.15 million through subscription receipts, exceeding the initial target of $15 million. The funding, generated from the issuance of 17,410,474 receipts priced at $1.10 each, will primarily be allocated towards acquiring the Esperanza Gold Project and advancing the Zacatecas Silver Project. The acquisition will involve a cash payment of USD$5 million. The financing highlights strong investor interest, with participation from notable institutional and individual investors.

Zacatecas Silver Corp. has appointed Nancy La Couvee to its Board of Directors, bringing extensive governance and mining industry experience. Currently the Corporate Secretary at K92 Mining Inc., La Couvee's expertise aligns with the Company's transition from exploration to production. As part of her appointment, she will receive 400,000 incentive share purchase options at an exercise price of $1.20. The Board now includes Bryan Slusarchuk, John Lewins, Chris Wilson, Jonathan Richards, Charles Hethey, and La Couvee, all supporting the advancement of Zacatecas' high-grade gold oxide project.

Zacatecas Silver Corp. announced that its common shares will resume trading on March 10, 2022, following a temporary halt due to its agreement to acquire the Esperanza Project from Alamos Gold Inc. The acquisition, valued at approximately $60 million, positions Alamos as Zacatecas' largest shareholder. The company has recently closed $18 million in financing, initially set at $15 million, due to strong demand. The Esperanza Project has significant mineral resources, including a measured and indicated resource of 34.35 million tonnes, containing 1.08 million ounces of gold and 8.93 million ounces of silver.

Zacatecas Silver Corp. has entered a share purchase agreement to acquire the high-grade Esperanza Gold Project from Minas De Oro Nacional, a subsidiary of Alamos Gold, for approximately USD 60 million. The project holds an historic resource of 1,084,000 ounces of gold and 8,936,000 ounces of silver. This strategic acquisition aims to enhance the company’s portfolio and establish a pathway toward gold production in Mexico. Alamos will become a significant shareholder following the transaction.