Zacatecas Silver Corp. announced its initial Mineral Resource Estimate at the Esperanza Gold Project.  The MRE was prepared by P&E Mining Consultants Inc. on behalf of the Company. Highlights: High-grade oxide gold deposit with significant exploration potential.

Total Measured and Indicated Mineral Resource Estimate of 30.5 million tonnes at 0.97 g/t AuEq for 956 thousand ounces AuEq. Total Inferred Mineral Resource Estimate of 8.7 million tonnes at 0.98 g/t AuEq for 276 thousand ounces AuEq. Pre-Feasibility Study underway to support high margin, high grade, low-capex and low-cost production aspects of the Esperanza Gold Project.

The Esperanza Mineral Resource Estimate consists of: Pit-Constrained Measured and Indicated Mineral Resource Estimate of 30.3 million tonnes at 0.97 g/t AuEq (0.92 g/t gold and 8.6 g/t silver) for 941 thousand ounces AuEq (899 thousand ounces gold and 8.4 million ounces silver) and Out-of-Pit Measured and Indicated Mineral Resource Estimate of 270 thousand tonnes at 1.73 g/t AuEq (1.58 g/t gold and 11.0 g/t silver) for 15 thousand ounces of AuEq (14 thousand ounces of gold and 96 thousand ounces of silver); and Pit-Constrained Inferred Mineral Resource Estimate of 8.3 million tonnes at 0.93 g/t AuEq (0.86 g/t gold and 14.7 g/t silver) for 248 thousand ounces AuEq (229 thousand ounces gold and 3.9 million ounces silver) and Out-of-Pit Inferred Mineral Resource Estimate of 479 thousand tonnes at 1.83 g/t AuEq (1.77 g/t gold and 11.8 g/t silver) for 28 thousand ounces of AuEq (27 thousand ounces of gold and 182 thousand ounces of silver).