Reyna Silver - Discovering the Next High-Grade Silver District

• Reyna Silver is a junior exploration company focused on large-scale, high-grade silver projects in Mexico and Nevada.
• The company currently has four main projects. They recently saw promising results from their drilling campaign at Batopilas, revealing high-grade silver mineralization.
• The company is considering strategic partnerships and collaborations to effectively advance all their projects. They are also cautious and observant of the political climate in Mexico concerning mining regulations.
• For Reyna Silver, the ultimate goal is a major discovery. Over the next 12 months, they will be focusing on their Medicine Springs project among others, always prioritizing high-grade ventures that have the potential to significantly impact the market.

About Reyna Silver

Reyna Silver is a junior exploration and development company targeting high-grade silver deposits in Mexico and the United States. The company's main assets include the Guigui and Batopilas properties in the historic silver mining districts of Chihuahua, Mexico.

According to Reyna Silver, these Mexican properties cover areas believed to be the sources of mineralization for Santa Eulalia, one of Mexico's most prolific past-producing silver districts, and Batopilas, which saw some of the highest silver grades ever mined in the country.

In the United States, Reyna Silver holds options to acquire the Medicine Springs project in Nevada, said to host a large carbonate replacement silver-lead-zinc deposit, and the Gryphon Summit project in Nevada, which has potential for both high-grade Carlin-style and carbonate replacement silver mineralization.

As a junior explorer, Reyna Silver is focused on using aggressive exploration techniques to rapidly advance these assets. The company's stated goal is to make new discoveries and grow resources to create shareholder value and potential development opportunities.

Reyna Silver believes its portfolio of district-scale exploration projects in proven silver mining jurisdictions, along with its experienced technical team, position it for discovery and growth. However, mining exploration is inherently risky and there is no guarantee that commercially viable deposits will be found.

Interview with Investor Relations, Lauren Megaw

Summary of Projects

Reyna Silver has four 100% owned projects with district potential. The portfolio includes two advanced silver projects in Mexico and two earlier-stage projects in Nevada with significant discovery potential.

Guigui Project - Targeting a New Silver District in Chihuahua, Mexico

• Historic mining district with over 200M oz silver production
• Airborne magnetic survey identified covered targets
• Planning strategic drill program to test for extensions of known mineralization at depth and along trend

Batopilas Project - High Grades in a Prolific Silver District

• Historic district in Chihuahua, Mexico produced over 300M oz of silver
• Recent drilling returned exceptional intercepts including 0.2m at 6,440 g/t silver
• Multiple high-grade veins and broader lower-grade stockwork mineralization targets
• More drilling upcoming to expand high grade-zones

Medicine Springs Project - An Emerging Nevada Silver-Gold Target

• 18,000 acre land package along trend from large deposits
• Currently drilling, assay results pending
• Multiple large-scale targets identified

Griffon Project - A New Discovery Opportunity in Nevada

• District-scale project covering over 10,000 acres
• Targeting CRD silver, gold, and base metals mineralization
• Underexplored region, limited modern exploration to date

The Importance of Discovery

According to Megaw, the key value driver for Reyna Silver will be a significant new discovery. The company's experienced technical team is focused on systematic, disciplined exploration aimed at delivering this.

Investors should watch for initial drill results from the Medicine Springs project in Nevada, where assay results are pending. Additional drilling and exploration progress at Batopilas in Mexico could also provide share price catalysts in the coming months.

Reyna Silver is funded with approximately C$5.4M as of September 2023. Management is reviewing strategic partnerships to support accelerated project advancement while conserving cash.

Favorable Mining Jurisdictions

Reyna's projects are located in mining-friendly districts of Mexico and Nevada. The company is monitoring the political situation in Mexico, where government leadership changes are upcoming. Reyna's CEO Jorge Ramiro Monroy is Mexican and well-connected there.

For risk-tolerant mining investors, Reyna Silver offers upside discovery potential combined with sound project fundamentals. Systematic exploration by a proven technical team has advanced four compelling silver-focused projects. Initial drill results expected soon could illuminate the substantial valuation disconnect between Reyna's current market capitalization and the potential value of a significant new high-grade silver discovery. Reyna Silver merits consideration as part of a diversified junior mining portfolio.

The Investment Thesis

Experienced Management Team

The company's management has a track record of success applying the ore systems exploration approach at other projects. They know how to make big discoveries.

High-Grade Silver Projects‍

Reyna's projects in Mexico have demonstrated potential for exceptionally high-grade silver mineralization. High grades provide resiliency against lower silver prices.

Great Locations

The company's projects are located in proven, mining-friendly jurisdictions in Mexico and Nevada. This reduces political risk.

Multiple Shots on Goal ‍

With four projects, Reyna has diversified discovery potential. Investors get exposure to multiple opportunities.

Significant Discovery Potential ‍

Systematic exploration has identified large-scale targets. A big discovery at one of the projects could be transformational.

Undervalued Compared to Peers

Reyna Silver is relatively undervalued compared to other junior silver explorers with less advanced projects. Upside potential if exploration is successful.

Reyna Silver offers experienced management, high-quality projects, and significant discovery potential at an attractive valuation for risk-tolerant mining investors. Drill results in the coming months could catalyze value creation if positive.