Discovery Silver : ESTMA - December 31, 2020

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Reporting Year

Reporting Entity ESTMA Identification Number

Other Subsidiaries Included (optional field)

For Consolidated Reports - Subsidiary Reporting Entities Included in Report:

Not Substituted

Attestation by Reporting Entity

		Discovery Silver Corp.
From	1/1/2020	To:	12/31/2020	Date submitted	5/27/2021

E489176	Original Submission
Amended Report

E375399 Levon Resources Ltd.

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity	Andreas L'Abbé	Date	5/27/2021
Position Title	Chief Financial Officer

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:	1/1/2020	To:	12/31/2020
Reporting Entity Name		Discovery Silver Corp.		Currency of the Report	CAD

Reporting Entity ESTMA	E489176
Identification Number
Subsidiary Reporting Entities (if	E375399 Levon Resources Ltd.
necessary)

Payments by Payee

Country

Mexico

	Departments, Agency, etc…
Payee Name1	within Payee that Received
	Payments2
Government of Mexico	Servicio de administración
tributaria (SAT)

Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure	Total Amount paid to	Notes34
						Improvement Payments	Payee
659,125	-	-	-	-	-	-	659,125
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Additional Notes:

1. Tax payments made in Mexico relate to mining duties paid on properties and are due in January and July of each calendar year. Payments are denominated in Mexican pesos and have been translated to Canadian dollars at the prevailing Bank of Canada exchange rate on the date of payment of 1 MXP = 0.007009 CAD (January 2020 payment) and 1 MXP = 0.06035 CAD (July 2020 payment).

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:		1/1/2020	To:	12/31/2020
Reporting Entity Name				Discovery Silver Corp.			Currency of the Report		CAD
Reporting Entity ESTMA				E489176
Identification Number
Subsidiary Reporting Entities (if				E375399 Levon Resources Ltd.
necessary)
						Payments by Project
Country	Project Name1		Taxes	Royalties	Fees	Production Entitlements	Bonuses		Dividends	Infrastructure	Total Amount paid by	Notes23
										Improvement Payments	Project
Mexico	Puerto Rico	$	59,451	-		-	-	-	-	-	59,451
Mexico	La Kika	$	9,480	-		-	-	-	-	-	9,480
Mexico	Minerva	$	16,229	-		-	-	-	-	-	16,229
Mexico	Monclova	$	38,624	-		-	-	-	-	-	38,624
Mexico	Jemi Rare	$	6,842	-		-	-	-	-	-	6,842
Mexico	Renata	$	15,920	-		-	-	-	-	-	15,920
Mexico	Santa Rosa	$	742	-		-	-	-	-	-	742
Mexico	Cordero	$	511,837	-		-	-	-	-	-	511,837

Additional Notes3:	1) Tax payments made in Mexico relate to mining duties paid on properties and are due in January and July of each calendar year. Payments are denominated in Mexican pesos and have been translated to Canadian dollars at the prevailing Bank of Canada exchange rate on the date of payment of 1 MXP =
0.007009 CAD (January 2020 payment) and 1 MXP = 0.06035 CAD (July 2020 payment).