Sierra Madre Gold and Silver: Sierra Madre Provides Exploration Update Sierra Madre" or the " Company") (TSXV:SM) is pleased to announce an update on its 100% owned Tepic Silver-Gold Project (the "Project"). The Tepic Silver Gold Project hosts low-sulfidation epithermal silver and gold mineralization lying within the Sierra Madre Geologic Province. Significant expenditures in exploration and engineering were completed by previous operators. Tepic Gold-Silver Project Sierra Madre's Tepic Silver-Gold Project lies 22 kilometres southeast of the city of Tepic, Nayarit State, Mexico. The Project has seen a significant amount of previous exploration and drilling which is detailed in a Technical Report titled Technical Report on the Tepic Property, dated March 29, 2021 and available on SEDAR. The Company initiated exploration activities in late 2020.