Sierra Madre Gold and Silver Announces New Private Placement Offering

Sierra Madre Gold and Silver Ltd., listed on the TSXV and OTCQX under the symbols SM and SMDRF respectively, reveals the establishment of a non-intermediated private placement, in collaboration with a long-term institutional shareholder. The offering, for 3,571,428 shares at a unit price of $0.28, aims to raise $1 million. The funds raised will mainly be used to restart and maintain the La Guitarra mine, located in Mexico and 100% owned by Sierra Madre.

This private placement, exempt from prospectus requirements thanks to an exemption provided for in national instrument NI 45-106, will allow the securities issued to be freely tradable without a holding period. The transaction, which excludes Quebec, is expected to close soon, subject to approval from the TSX Venture exchange.

The shares offered are not registered under the US Securities Act of 1933, and their sale in the United States requires an exemption from registration requirements. This press release constitutes neither an offer to sell nor an invitation to purchase these securities in the United States.