Minco Silver Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023

Minco Silver Corporation is a Canada-based silver mining company focused on the acquisition and development of silver properties. The Company’s Fuwan Silver Project is located in Gaoming Country approximately 45 kilometers (km) southwest of Guangzhou City, the capital of Guangdong Province. The property is adjacent to Minco Gold Corporation's Changkeng Gold Property. The Company holds three exploration permits, totaling approximately 125.74 square kilometers (km2). The first, the Luoke-Jilinggang, is approximately 57.16 km2 in size and is held by Foshan Minco, while the other two permits, the Guyegang permit totaling 55.88 km2 and the Hecun permit totaling 12.7 km2, are held by Minco China in trust for Foshan Minco. Its subsidiaries include Minco Investment Holding HK Ltd., Minco Resource Limited, Guangdong Changfu Mining Co. Ltd., Minco Mining (China) Co. Ltd., Tibet Minco Mining Co. Ltd. and Mingzhong Mining Co. Ltd.