SM:TSX.V

Sierra Madre Gold and Silver Ltd.

Sierra Madre Gold and Silver is a Mexico-focused precious metals exploration and development company. Our team has over 100 years of combined mining experience in Mexico with strong capital markets expertise. Our growing portfolio of projects presents new projects, new exploration paradigms and new unconsolidated areas into the public space.

SM:TSX.V

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Expert Comments:

	Thibaut Lepouttre, Caesars Report (1/10/23) "Sierra Madre Gold and Silver Ltd. hopes to close [the] La Guitarra acquisition this quarter. . .all relevant shareholder approvals have been received (with 99.99% of the company's shareholders that casted a vote approving the transaction). The TSX Venture Exchange has also (conditionally) approved the transaction."

Thibaut Lepouttre, Caesars Report (7/26/22) "Sierra Madre Gold and Silver Ltd. is still halted until the shareholders approve the transaction to acquire the La Guitarra mine from First Majestic Silver, but the company is already going ahead with a subscription receipt offering to raise up to CA$10M. . .the subscription receipt financing is priced at CA$0.65 and will be a straight share deal upon conversion."

Thibaut Lepouttre, Caesars Report (6/9/22) "Sierra Madre Gold and Silver Ltd. entered into an agreement with First Majestic Silver to acquire its past-producing La Guitarra silver mine. . .as the La Guitarra project comes with a permitted mine and mill, this acquisition has the potential to jumpstart the company's production plans. . .the acquisition comes with a historical resource estimate containing almost 17.5 Moz of silver equivalent across all categories."

Thibaut Lepouttre, Caesars Report (5/21/22) "At the flagship Tepic project, Sierra Madre Gold and Silver Ltd. released excellent drill results earlier this month. . .as all four holes encountered mineralization, the company, with its drill program, is very consistently hitting the veins at Tepic exactly where it expects to hit them."

Thibaut Lepouttre, Caesars Report (4/14/22) "Sierra Madre Gold and Silver Ltd. has released the assay results from the first seven holes drilled as part of the phase two drill program at the flagship Tepic gold and silver project in Nayarit. All seven holes intersected mineralization, and more importantly, the grades are good for near-surface intercepts. . .some intervals are located outside of the known mineralized area."

More Expert Comments

Thibaut Lepouttre, Caesars Report (2/14/22) "Sierra Madre Gold and Silver Ltd. has started the second phase of its drill program at the Tepic silver project. . .while waiting for the assay results from one project, the company can already start drilling the other project rather than sitting around and waiting. . .the primary focus still is on the areas adjacent to and within the zones where previous operators already have been drilling."

Thibaut Lepouttre, Caesars Report (11/12/21) "Sierra Madre Gold and Silver Ltd.'s sampling program at La Tigra has identified two structural systems that seem to be hosting gold-silver mineralization in a stacked vein system. Right now, a trenching program is underway. . .upon completion and interpretation of the data from the sampling and trenching program, the company will start a phase one drill program at La Tigra once all relevant permits have been received."

Thibaut Lepouttre, Caesars Report (7/29/21) "Sierra Madre Gold and Silver Ltd. has entered into a definitive agreement to acquire the La Tigra gold project in Mexico, less than 150 km north of the company's flagship Tepic project in Nayarit. . .this appears to be Sierra Madre's first acquisition to create its hub and spoke model where it's looking to scoop up projects that should be seen as a satellite deposit to the flagship Tepic project."

Equedia Investment Research (6/21/21) "Sierra Madre Gold and Silver Ltd.'s management is strong, and its share structure is rock solid. And there’s no doubt that it has a promising silver project in Tepic; but within the next few weeks and months, results from the first 20 holes will be announced, and they could completely transform the Tepic project."

	Thibaut Lepouttre, Caesars Report (6/1/21) "Sierra Madre Gold and Silver Ltd. is now really off to the races. . .with CA$15M in cash in the bank, the company appears to be perfectly positioned to prove up the value of its flagship Tepic project, and this year's drilling activities should result in an updated resource estimate before 2021E."

Experts Following This Company

Thibaut Lepouttre, Editor – Caesars Report

Company News

3/21/2023 – Sierra Madre Receives Mexican Antitrust Approval For La Guitarra Acquisition

12/28/2022 – Sierra Madre Provides Update on Proposed Definitive Acquisition of La Guitarra

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Streetwise Company Fact Sheet

Sierra Madre Gold and Silver Ltd.

(SM:TSX.V)

2023/3/24 17:32:46

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Investing Highlights

	Management: track record of discovery, advancement & monetization in Mexico and globally
	Robust pipeline of acquisitions and positive preliminary metallurgical results on flagship, Tepic
	Positioned to become a junior mid-tier producer in Mexico near major infrastructure

catalyst Calendar

Q1 2023	La Guitarra acquisition closing
Q2 2023	Phase 1 drill results from La Tigra
Q2 2023	Phase 2 results from Tepic
Q3 2023	New resource report for La Guitarra, Tepic resource