Sierra Madre Gold and Silver Completes $1 Million Private Placement

Sierra Madre Gold and Silver Ltd. (TSXV: SM)(OTCQX: SMDRF), announced the successful completion of a non-brokered private placement, raising approximately $1,000,020. The offering, initially announced and subsequently upsized, involved the issue of 3,571,500 shares priced at $0.28 each. The proceeds are earmarked for the La Guitarra Silver-Gold Mine Complex in Estado de Mexico, Mexico, supporting the mine's restart plan and ongoing maintenance.

The private placement utilized the listed issuer financing exemption, allowing for the shares to be freely tradable without a holding period as per Part 5A of National Instrument 45-106. In conjunction with the offering, a $15,000.30 cash commission was paid to an arm's length finder, accounting for 1.5% of the gross proceeds. Details of this financing have been made available in an offering document on the company's website and SEDAR+ profile.

The company clarified that the securities offered have not been registered under the U.S. Securities Act of 1933 and are subject to specific sale restrictions in the United States. This announcement neither constitutes an offer to sell nor a solicitation of an offer to buy the securities in any jurisdiction where such action would contravene local laws.