VANCOUVER, BC and HONG KONG, CHINA - Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ('Reyna' or the 'Company') is pleased to report high-grade silver results from the initial four-hole, 1,850m, Phase 1 reconnaissance drilling program at its 4,831 hectare, 100% owned Medicine Springs Project in Elko County, Nevada. This is the first time Medicine Springs has been drilled under a modern district-scale/ore-systems approach, so the company spaced their holes widely at the Golden Pipe, Silver Butte, and Silver King Target areas to determine broad system parameters (Figure 1).

Holes drilled to depth cut 400-750m of high potential carbonate host rocks (Fig. 3).

The first hole (MS22-001) cut the best mineralization, which reported 2.4m (drilling thickness) grading 1,021 grams/tonne (31 oz/T) Silver.

Hole MS22-002, drilled 1.75 km to the southwest in the previously undrilled Silver Butte area, cut 7.4m (drilling thickness) averaging 186 g/t Ag plus 3.7% Pb and 1.0% Zn, including 4.7m of 274 g/t Ag plus 5.6% Pb and 1.5% Zn (Table 1).

'We are delighted to hit high-grade silver in the first holes in our initial reconnaissance drilling campaign,' said Jorge Ramiro Monroy, CEO of Reyna Silver. 'With this, Medicine Springs takes its place alongside Guigui and Batopilas as a Reyna Silver-quality project. We look forward to following up on these results when we resume drilling later this year.'

'Successfully intercepting Bonanza-grade mineralization in such a thick host rock section lets us confidently check off two of the most important features we want to see early in any CRD exploration program,' said Dr. Peter Megaw, lead technical advisor of Reyna Silver. 'Results like these -from just four holes spread over 1.7 km- affirm that Medicine Springs has potential as a major CRD district. Now we need to keep drilling to figure out where it all came from.'

ABOUT MEDICINE SPRINGS

Medicine Springs exhibits many of the key features associated with large, high-grade Carbonate Replacement Deposits ('CRDs')(See Press Release from January 10, 2022) (See Fig. 2). Phase 1 Drilling program was designed to test certain key features of the project's overall framework to verify project potential. These included:

Stratigraphy - determining the thickness of potentially favorable carbonate host rocks (Fig. 3)

Structure - testing the structures that control the well-zoned, mineralized jasperoids to depth.

Zoning - determining broad-scale zoning and vectors towards the source of mineralizing fluids.

Oxidation - identifying the depth of oxidation and transition to sulphides.

Geophysics - ground-truthing geophysical anomalies with 3D geological data.

ABOUT REYNA SILVER

Reyna Silver Corp. (TSXV: RSLV) is a growth-oriented junior exploration and development company focused on exploring for high-grade, district-scale silver deposits in Mexico and USA.

Reyna's principal properties are the Guigui and Batopilas Properties in Chihuahua, Mexico. Guigui covers the interpreted source area for the Santa Eulalia District and Batopilas covers most of Mexico's historically highest-grade silver system. The Company also has an option to acquire 80% of the Medicine Springs property in Nevada, USA as well as the early stage La Durazno and Matilde and La Reyna mineral properties in Mexico.

This document contains 'forward-looking statements' within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration results and plans, and our other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, our estimates of exploration investment, the scope of our exploration programs, and our expectations of ongoing administrative costs. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change, except as required by law. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with mineral exploration, price volatility in the mineral commodities we seek, and operational and political risks. Readers are cautioned not to place undue reliance on forward-looking statements.

Contact:

T: 1-416-977-3188 ext. 112

Fax: 1-416-977-8002

E: info@reynasilver.com

(C) 2023 Electronic News Publishing, source ENP Newswire