GR Silver Mining Ltd. announced a Non-brokered private placement of up to 30,000,0000 units at a price of CAD 0.04 per unit to raise total gross proceeds of up to CAD 1,200,000 on October 24, 2023. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.07 for three years.

The Company will pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the TSXV. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV.