File: '\\swfile\EmailIn\20240606 074627 Attachment MASS June 6 NR.docx'

Masivo Resumes Drilling at Boston Mine

Vancouver, British Columbia, June 6, 2024 - Masivo Silver Corp. ("Masivo" or the "Company") (TSXV: MASS) (OTC:GNYPF) is pleased to announce that on June 5th the Company resumed drilling operations at the Boston Mine high-grade gold, silver and copper project in "Elko County" in the State of Nevada.

Drilling operations have re-started with drilling a 150-foot extension on the previously drilled hole #2, which after visible mineralization on the drill core, Masivo's technical and exploration team decided to test additional projected mineralized targets at a greater depth.

"Per discussions with our technical team and the continuing visible mineralization in hole number 2, we are very excited to have extended drilling of an additional 150 feet on this hole", commented David Coburn, President & CEO.

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.