The Board of Directors of Gatos Silver, Inc. announced with great sadness that Mr. Igor Levental, an independent non-executive director of the Company, passed away suddenly and unexpectedly on June 10, 2022. Mr. Levental served as a director of the Company since 2019 and for last three years brought his unique perspective and shared his intimate knowledge of the mining industry to Gatos Silver's Board and its Committees. His distinguished international mining career spanned more than 30 years, where he held numerous board roles and senior roles earlier in his career with major mining companies such as Homestake Mining Company and International Corona Corporation.

At the time of his passing, Mr. Levental also served as President of The Electrum Group and as a director of Novagold Resources. The Board joins all at Gatos Silver in recognizing the late Mr. Levental for his invaluable contribution to the Company during his tenure of service and expresses the deepest condolences to his family.