GR Silver Mining Announces Change in CFO

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VANCOUVER, BC, Oct. 23, 2024 /CNW/ - GR Silver Mining Ltd. ("GR Silver Mining" or the "Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – The Company announces the retirement of Blaine Bailey from the role of Chief Financial Officer ("CFO") effective immediately. Mr. Bailey was appointed the CFO of GR Silver's private predecessor Goldplay Exploration Ltd. ("Goldplay") on November 8, 2012, and continued as CFO as Goldplay became public in March 2018. Goldplay was renamed GR Silver Mining in January 2020. After briefly retiring from GR Silver Mining as CFO in May 2023, he returned to the role in July 2023 to help steer the Company through challenging markets. We are deeply grateful for his contributions as CFO over the years and are very pleased that he will stay on as Corporate Secretary. Mr. Bailey, a CPA, CGA, was instrumental in the advancement of the Company, applying more than 20 years of experience as a CFO for mineral exploration companies listed on the TSX, the TSX Venture, and the New York Stock Exchange.

GR Silver Mining Ltd. Logo (CNW Group/GR Silver Mining Ltd.)
GR Silver Mining Ltd. Logo (CNW Group/GR Silver Mining Ltd.)

We are very pleased to announce the appointment of Mr. Robert Payment to the GR Silver Mining management team as CFO effective immediately. Mr. Payment is an experienced Chartered Professional Accountant (CPA, CA) with strong skills in fostering international business relationships; running all aspects of full cycle financial reporting, including working with the TSX, CSE, and BC Securities Commission; and working with multiple accounting frameworks and complex accounting issues including multi-currency consolidations in IFRS. For the last ten years, he has supplied financial reporting and advisory services to multiple companies in the natural resource, technology, and retail sectors, including cash flow modeling and budgeting, preparing business plans, and facilitation of private placements and reverse takeovers. Prior to that he was a manager/staff accountant with a major, Vancouver-based accounting firm. He received his Chartered Accountant Designation in 2009 and earned a Bachelor of Business Administration from Simon Fraser University in Burnaby, British Columbia in 2007.

Chair & CEO Eric Zaunscherb commented, "We are very pleased to welcome Robert and look forward to his contributions as we reinvigorate GR Silver Mining's active exploration of the highly prospective Plomosas Project in Mexico. We cannot thank Blaine enough for his many contributions to the Company, getting us to this point, and his willingness to stay on as Corporate Secretary to ensure a smooth transition."