Sierra Madre Gold and Silver Ltd. announced the appointment of Mr. Kenneth Scott to the role of Chief Financial Officer ("CFO"), effective immediately. Mr. Scott brings over 33 years of public company auditing experience to the Company. Mr. Scott retired as a partner of PricewaterhouseCoopers in Vancouver in 2018, where his engagements as either the engagement leader or quality review partner (QRP) included mining companies with international operations, such as SSR Mining, Lundin Gold, B2Gold and Teck Resources.

He has also performed multi-location audits, advised on mergers and acquisitions, and advised on public and private financings. Mr. Scott's regulatory experience includes a leadership role on engagements selected by either the firm's internal audit quality review process or by the Canadian Public Accountability Board. Since retiring, Mr. Scott has served as a consultant and performed quality review roles for many of PwC's larger public company engagements.

Mr. Scott holds a Canadian Chartered Professional Accountant (CPA) designation. The Company's outgoing CFO, Kerry Spong, will remain an Officer of the Company holding the positions of Controller and Corporate Secretary.