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TORONTO, March 04, 2022 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (TSXV:ZAC) (the “Company”) is pleased to announce today that, due to strong demand, it has agreed with Clarus Securities Inc. (“Clarus”) as lead agent on behalf of a syndicate of agents including Eventus Capital Corp., Haywood Securities Inc., and Canaccord Genuity Corp. (collectively, the “Agents”), to increase the size of its previously announced C$15,000,700 offering. Pursuant to the upsized deal terms, the Agents have agreed to sell, on a “best efforts” private placement basis, up to 15,000,000 subscription receipts of the Company (the “Subscription Receipts”) at a price of C$1.10 per Subscription Receipt (the “Offering Price”) for aggregate gross proceeds to the Company of up to C$16,500,000 (the “Offering”). In addition, the Company intends to complete a concurrent non-brokered private placement offering of 1,364,000 Subscription Receipts on the same terms as the Offering for gross proceeds of $1,500,400 which brings the total amount of the financing to $18,000,400.