Toronto, Ontario--(Newsfile Corp. - October 20, 2023) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") announces it has filed an amended and restated technical report entitled "Bethania Silver Project - NI 43-101 Technical Report (Amended and Restated Preliminary Economic Assessment prepared for Kuya Silver Corporation), Huancavelica, Peru" dated September 26, 2023 (the "Amended Technical Report"). The Amended Technical Report addresses comments raised by the Ontario Securities Commission during a continuous disclosure review.

The Amended Technical Report supersedes and amends certain provisions of the technical report filed on June 13, 2022, having an effective date of April 9, 2022, presenting a preliminary economic assessment of the Bethania silver project (the "PEA").

Among the comments addressed by the Company in the Amended Technical Report is an updated calculation for the silver equivalent resources in section 14 (Mineral Resource Estimates) as well as section 1.15 of the Summary. Silver equivalent disclosure for grade and number of ounces have been recalculated to use recoveries for silver, gold, lead, zinc and copper, which are more accurate and consistent with the disclosure for metallurgical recoveries in section 17 (Recovery Methods) and section 24 (Economic Analysis) previously disclosed in the PEA. The mineral resource estimate included in the Amended Technical Report has not changed, only the calculation of silver equivalent values, grade and number of ounces.

The updated silver equivalent resource is as follows:
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