Golden Tag announces the closing of the acquisition of the La Parrilla Silver Mine Complex and the exchange of subscription receipts into common shares and warrants

Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG | OTCQB: GTAGF | FSE: GTD) is pleased to announce that, pursuant to the asset purchase agreement dated December 7, 2022, as amended on May 29, 2023 and August 14, 2023 (the “Asset Purchase Agreement”), among the Company, First Majestic Silver Corp. (“First Majestic”) and First Majestic Plata, S.A. de C.V. (“FMP”), the Company has completed the acquisition of a 100% interest in the La Parrilla Silver Mine Complex (“La Parrilla”) located in San Jose de la Parrilla, Durango, Mexico (the “Transaction”), as described in the Company’s news releases dated December 7, 2022, April 14, 2023, May 30, 2023, and July 19, 2023.

Greg McKenzie, President & CEO of Golden Tag said “Today is an exciting day for Golden Tag as we acquire the past producing La Parrilla Silver Mine Complex. We now have two very high-quality silver projects located in close proximity to each other within Durango State. The La Parrilla processing plant has the capability to support both projects. We would like to welcome our new team members in Mexico, and First Majestic as our newest and largest shareholder.”