File: Attachment Masivo NR-May14 2024.pdf

Masivo To Resume Drilling Program in Nevada

Vancouver, British Columbia, May 14, 2024 - Masivo Silver Corp. ("Masivo" or the "Company") (TSXV: MASS) (OTC:GNYPF) is pleased to announce that on the week of May 20th, it will commence drilling operations at the Boston Mine, Masivo's high-grade gold, silver and copper project in "Elko County" in the State of Nevada. Masivo s exploration team and drilling crew has arrived in Elko County and currently servicing drilling equipment and supplies for a successful drill program.

Drilling operations will begin with completing previously drilled hole #2, which after its results, Masivo's technical and exploration team decided to drill a 150-foot extension to test additional projected mineralized targets at a greater depth.

Nevada Drill Program Highlights:

The Boston Mine area drilling program will be comprised of 8 holes totaling approximately 1,000 meters to test the main mineralized zones, as well as historical Induced Polarization (IP) anomalies.

dot Boston Mine patent 4 holes will test historic mineralization including the pre-World War II high- grade producing area. An additional report stated that there was a six-inch vein at this same depth that assayed 10,885 g/t Ag (i.e. more than 1%). These reports are not compliant with NI 43-101 reporting standards and all numbers quoted should be considered as historic.

dot IP anomalies - At least four holes are planned to test historical IP anomalies that are interpreted to reflect sulfide mineralization that is part of the skarn geology. Based upon the results, a decision will be made as to expanding the IP survey over the rest of the property.

About Masivo Silver Corp.

Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations is available on the Company's website at www.masivosilver.com or email davidcoburn@masivosilver.com.

ON BEHALF OF THE BOARD OF DIRECTORS "David Coburn" Chief Executive Officer

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

File: '\\swfile\EmailIn\20240514 134413 Attachment Masivo NR-May14 2024.docx'

Masivo To Resume Drilling Program in Nevada

Vancouver, British Columbia, May 14, 2024 - Masivo Silver Corp. ("Masivo" or the "Company") (TSXV: MASS) (OTC:GNYPF) is pleased to announce that on the week of May 20th, it will commence drilling operations at the Boston Mine, Masivo's high-grade gold, silver and copper project in "Elko County" in the State of Nevada. Masivo ́s exploration team and drilling crew has arrived in Elko County and currently servicing drilling equipment and supplies for a successful drill program.

Drilling operations will begin with completing previously drilled hole #2, which after its results, Masivo's technical and exploration team decided to drill a 150-foot extension to test additional projected mineralized targets at a greater depth.

Nevada Drill Program Highlights:

The Boston Mine area drilling program will be comprised of 8 holes totaling approximately 1,000 meters to test the main mineralized zones, as well as historical Induced Polarization (IP) anomalies.

Boston Mine patent - 4 holes will test historic mineralization including the pre-World War II high-grade producing area. An additional report stated that there was a six-inch vein at this same depth that assayed 10,885 g/t Ag (i.e. more than 1%). These reports are not compliant with NI 43-101 reporting standards and all numbers quoted should be considered as historic.

IP anomalies - At least four holes are planned to test historical IP anomalies that are interpreted to reflect sulfide mineralization that is part of the skarn geology. Based upon the results, a decision will be made as to expanding the IP survey over the rest of the property.

About Masivo Silver Corp.

Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations is available on the Company's website at www.masivosilver.com or email davidcoburn@masivosilver.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"David Coburn" Chief Executive Officer

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.