James Anderson, Chairman and CEO, said, “Guanajuato Silver has grown significantly over the past two years through a strategy of acquiring older mines in the Guanajuato Mining Camp and the State of Durango, and bringing them efficiently back into production. Because of the nature and swiftness of these acquisitions, most of the mineralized material at these mines were categorized as historical resource estimates. As previously announced, we have initiated a program to upgrade our existing resources and historical estimates to current resources.”