GR Silver Mining Appoints Eric Zaunscherb as President and Chief Executive Officer

GR Silver Mining Ltd. has appointed Eric Zaunscherb as President and Chief Executive Officer (CEO) effective July 6, 2026. Mr Zaunscherb was appointed Interim President and Interim CEO on March 26, 2026, following the sudden passing of the Company's President, CEO, Director and founder, Marcio Fonseca. Mr Zaunscherb previously served as CEO of GR Silver Mining from February 28, 2022, to June 30, 2025. The company's ongoing 20,000-metre resource expansion drill program at the Plomosas Silver Project continues to advance, with a Mineral Resource Estimate (MRE) update and a Preliminary Economic Assessment (PEA) planned to follow completion of the drill program.

Company Overview

GR Silver Mining Ltd. (TSXV: GRSL | OTCQX: GRSLF | Frankfurt: GPE) is a Canadian-based exploration company focused on silver-gold resource expansion in Mexico. The company holds 100% of the Plomosas Project, located on the eastern edge of the Rosario Mining District in Sinaloa State, encompassing the high-grade silver discovery at the San Marcial Area and the former Plomosas underground mine across 78 square kilometres of exploration concessions.

Eric Zaunscherb Confirmed as CEO

GR Silver Mining Ltd. has appointed Eric Zaunscherb as President and CEO of the Company, effective July 6, 2026, converting his role from Interim President and Interim CEO, a position he has held since March 26, 2026. The appointment follows the sudden passing of Company founder Marcio Fonseca, who served as President, CEO, Director and founder of GR Silver Mining. Mr Zaunscherb previously served as CEO of GR Silver Mining from February 28, 2022, to June 30, 2025.

President and CEO of GR Silver Mining Ltd., Eric Zaunscherb, commented: 

"Since Marcio's tragic passing, we have continued to advance our robust 20,000-metre resource expansion drill program on the high-grade Plomosas Silver Project located near the border between Sinaloa and Durango, Mexico. Our teams have been energised by exciting results, such as our project's best-ever intercept at the San Marcial Area of 45.1 metres true width, averaging 1,623 grams per tonne silver, including 8.25 metres true width, averaging 8,579 grams per tonne silver in drill hole SMS26-04. Over the next 6 to 12 months, we will continue to deliver results from that drill program, which will then be followed by a Mineral Resource Estimate update and a planned Preliminary Economic Assessment."

Next Steps

The company's 20,000-metre resource expansion drill program at the Plomosas Silver Project is ongoing, with results targeted for release over the next 6 to 12 months, to be followed by an MRE update and a planned PEA.