Silverco Mining Ltd (SICO)

Posted on behalf of Silverco Mining Ltd. - Silverco Mining (SICO SICOF) is advancing its goal of becoming a mid-tier Mexican silver producer, anchored by the Cusi Project in Chihuahua State and the producing La Negra Mine in Querétaro

After completing the acquisition of Nuevo Silver, which added La Negra and officially made Silverco a producer, the company is now focused on integrating La Negra, increasing throughput toward its 2,500 tonne per day capacity, advancing exploration at the mine, progressing the Cusi restart, and continuing its 30,000-metre drill program at Cusi.


With La Negra producing, Cusi targeted for restart in H2 2026, and more than 45,000 metres of drilling planned across both projects, Silverco enters the remainder of 2026 with a clear operating and exploration agenda across its Mexican silver portfolio.
https://www.silvercomining.com/news-releases/silverco-mining-announces-filing-of-q1-2026-interim-financial-statements-and-mda

Posted on behalf of Silverco Mining Ltd. -Silverco Mining Acquires Producing La Negra Silver Mine - Multi-Asset Silver Producer with Cusi’s 66 Moz AgEq Resource & Restart Potential

(TSXV: SICO | OTCQB: SICOF) has executed a definitive agreement to acquire 100% of Nuevo Silver Inc., adding the producing La Negra Mine in Querétaro, Mexico to its portfolio.

https://www.reddit.com/r/CanadaInvesting/comments/1twxydd/silverco_mining_acquires_producing_la_negra/

Posted on behalf of Silverco Mining Ltd. - Silverco Mining (SICO.v SICOF) recently filed a NI 43-101 Technical Report for its Cusi Silver Project's PEA, outlining a US$104.1M after-tax NPV(5%), 94.8% IRR & 0.9-year payback at US$44.58/oz Ag. Concentrate production is targeted to begin this year, w/ full ramp-up expected in mid-2027. More⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1tplw5b/silverco_mining_sicov_sicof_files_technical/

Posted on behalf of Silverco Mining Ltd. — SICO.v; SICOF

Silverco Mining recently filed its Q1 2026 interim financial statements, highlighting a transformative period as the company positions itself to become a major Mexican silver producer.

Backed by a $62.5 million bought deal private placement, Silverco ended the quarter with an exceptionally strong cash position of $56.2 million to fully fund its aggressive development plans.

Following the end of the quarter, the company officially became a producer by closing the acquisition of the La Negra Mine, where it is currently working to scale throughput toward a 2,500 tonne per day capacity.

Management is concurrently executing a restart plan at the Cusi Mining Complex—supported by a highly robust PEA outlining a 94.8% after-tax IRR—with the clear goal of exiting 2026 with two active, producing assets and over 45,000 metres of completed drilling.

View the full report here: https://www.silvercomining.com/news-releases/silverco-mining-announces-filing-of-q1-2026-interim-financial-statements-and-mda

Posted on behalf of Silverco Mining – Silverco Mining (SICO.v SICOF) reported a strong start to 2026, highlighted by a $62.5M bought-deal financing, a strengthened balance sheet and continued progress toward becoming a multi-asset silver producer in Mexico: https://www.silvercomining.com/news-releases/silverco-mining-announces-filing-of-q1-2026-interim-financial-statements-and-mda

SICO's goal remains building a 10Moz AgEq producer within three years, with plans to exit 2026 operating two producing assets and having completed more than 45,000m of drilling across La Negra and Cusi.

Silverco Mining Announces Filing of Q1 2026 Interim Financial Statements and MD&AMay 28, 2026 6:02 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Silverco Mining Ltd. (TSXV: SICO) (OTCQB: SICOF) ("Silverco" or the "Company") is pleased to announce that its unaudited condensed interim consolidated financial statements and accompanying management's discussion and analysis ("MD&A") for the three months ended March 31, 2026 have been filed and are available on SEDAR+ at www.sedarplus.ca. Unless otherwise specified, all amounts are in Canadian dollars ($).Key Highlights from Q1 2026 include: Closed a bought deal private placement for gross proceeds of $62.5 million, resulting in a quarter end cash position of $56.2 million.During the quarter the Company incurred $3.0 million in exploration and evaluation expenditures which was primarily related to advancing the Cusi Mining Complex restart and $0.4 elated to the Nuevo Silver transaction. These expenditures along with $0.8 million of non-cash share-based compensation were the primary contributors to the $5.4 million net loss for the quarter.Commenced trading on the OTCQB marketplace in the United States under the symbol "SICOF."Strengthened the executive leadership team to support the Company's transition to a mid-tier Mexican silver producer with the addition of Tara Hassan (Executive Vice President, Corporate Development), Victoria Avila (Senior Vice President, Corporate Affairs and Finance) and George Paspalas (Advisor).Subsequent to the end of the quarter, Silverco completed two notable achievements supporting its path to production:On April 13, 2026, the Company announced the results of a Preliminary Economic Assessment ("PEA") for the Cusi Mining Complex, demonstrating robust project economics over an 8.3-year mine life with initial capital of US$19.2 million. Under the Base Case (US$44.58/oz Ag LOM average), the project yields an after-tax NPV5% of US$104.1 million, an after-tax IRR of 94.8%, and a payback period of 0.9 years. Under the Upside Case (US$75.00/oz Ag fixed), the after-tax NPV5% increases to US$312.2 million with an after-tax IRR of 186.9% and a payback period of 0.5 years. The supporting NI 43-101 technical report, titled "Preliminary Economic Assessment Technical Report for the Cusi Project," was filed on SEDAR+ on May 21, 2026 and is available under the Company's profile at www.sedarplus.ca.On May 19, 2026, the Company completed the previously announced acquisition of Nuevo Silver, holder of a 100% interest in the La Negra Mine in Querétaro, Mexico, officially becoming a producer. Mark Ayranto, CEO, commented, "Since listing in Q4 2025, we have been rapidly putting the pieces in place to execute on our vision to become a 10 million oz silver equivalent producer within three years. Our progress to date has been exceptional and includes establishing a portfolio of two assets that will be producing in 2026, a strong balance sheet to fund capital investment, and a top-tier team capable of executing on our vision. With the La Negra transaction now closed and the Cusi restart plan in place, we expect the remainder of 2026 to continue at a similar pace as we target exiting the year with two producing assets and completion of more than 45,000 metres of drilling between the two projects."Management's near-term priorities are to:integrate the La Negra Mine and increase throughput toward its 2,500 tonne per day capacity through investments in equipment, spare parts, and enhanced maintenance programs, while undertaking a 15,000 to 20,000 metre exploration drill program to support the completion of an updated resource estimate and mine plan in the second half of 2026;progress restart work at the Cusi mine and mill, including the selection of an underground mining contractor to support the targeted concentrate production restart in late 2026; andadvance the ongoing 2026 30,000-metre drill program at the Cusi Mining Complex, building on the positive 2025 15,000-metre drill program, with the objective of adding mineral resources and converting inferred mineral resources to higher-confidence categories to enhance the production profile and extend the mine life beyond the 8.3-year estimate contemplated in the PEA.About Silverco Mining Ltd.The Company owns a 100% interest in the Cusi Project located in Chihuahua State, Mexico (the "Cusi Property") and the producing La Negra Mine in Querétaro, Mexico. The Cusi Property includes a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City and a 1,200 tonne per day mill with tailings capacity approximately 40 kilometres from the mine. The project boasts excellent infrastructure, including paved highway access and connection to the national power grid. Cusi lies within the prolific Sierra Madre Occidental gold-silver belt and hosts multiple historical silver-gold-lead-zinc producing mines and several significant exploration targets. A recent Preliminary Economic Assessment outlined compelling economics for a restart that is targeted to begin in H2 2026. The La Negra Mine is a currently producing underground silver-lead-zinc-copper mine that was restarted in 2024 and is currently operating at 55% of its 2,500 tonne per day capacity. Mining is completed using room and pillar and long hole methods and the processing plant employs a standard crushing, grinding, flotation, and filtration circuit producing lead-silver, copper-silver, and zinc concentrates. The project is located along the Sierra Gorda Belt within a land package that has seen limited exploration over the last two decades.On Behalf of the Board of Directors"Mark Ayranto"Mark Ayranto, President & CEOEmail: mayranto@silvercomining.comFor further information, please contact: Investor Relations & Communications
Email: info@silvercomining.com
www.silvercomining.comNeither the 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.Cautionary Statement and Forward-Looking InformationThis news release contains "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or the Company's future performance and are generally identified by words such as "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "goal", "intend", "may", "objective", "outlook", "plan", "potential", "priority", "schedule", "seek", "should", "target", "will", and similar expressions (including negative and grammatical variations).These forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company as of the date of this release, are inherently subject to significant business, technical, economic and competitive uncertainties and contingencies. Key assumptions include but are not limited to: the potential of the La Negra Mine; future production; achieving the Company's goals; the potential benefits of the La Negra transaction; no material adverse changes to general business, economic, market and political conditions; commodity price and foreign exchange assumptions; inflation and input costs remaining within expectations; and the Company's ability to secure additional financing on acceptable terms when required.Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such risks are set out in the Company's public disclosure filings available on SEDAR+ at www.sedarplus.ca.Readers are cautioned not to place undue reliance on forward-looking statements. The purpose of forward-looking statements is to provide readers with information about management's current expectations and plans and may not be appropriate for other purposes. No assurance can be given that such statements will prove to be accurate; actual results and future events could differ materially. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299324 Original: Silverco Mining Announces Filing of Q1 2026 Interim Financial Statements and MD&A

Posted on behalf of Silverco Mining – With La Negra now acquired and Cusi advancing toward restart, Silverco Mining ($SICO.v $SICOF) is positioning for a potential transition into a multi-asset silver producer targeting 10Moz AgEq annual production within the next three years: Posted on behalf of Silverco Mining – INTERVIEW SUMMARY: What’s Next for @SilvercoMining? CEO Joins @peter_krauth $SICO.v $SICOF$SICO detailed its plan to become a multi-asset #silver producer, targeting 10Moz AgEq annual production in ~3 years: https://t.co/hKlXRseZc4

⭐️La… https://t.co/LxwNoC1ULC pic.twitter.com/1upnzm1FKo— Stock Master Flash (@StckMasterFlash) May 26, 2026

Posted on behalf of Silverco Mining Ltd. - Last week, Silverco Mining (SICO.v SICOF) filed an NI 43-101 Technical Report supporting the April 2026 PEA for its 100%-owned Cusi #silver #lead #zinc #gold project, advancing the planned restart of the past-producing underground mine⛏️⬇️
https://www.silvercomining.com/news-releases/silverco-mining-files-ni-43-101-technical-report-for-the-cusi-project-pea/

Posted on behalf of Silverco Mining – Joining Peter Krauth, Silverco Mining (SICO.v SICOF) detailed its growth strategy following the closing of the La Negra acquisition, outlining plans to transition into a multi-asset silver producer with a goal of reaching 10Moz AgEq annual production within the next three years:

With two silver operations advancing simultaneously and significant exploration programs underway, SICO is positioning itself to transition from developer to mid-tier silver producer while targeting meaningful cash flow growth over the next several years.

Posted on behalf of Silverco Mining — Insider buying continues at Silverco Mining (SICO.v SICOF), with multiple directors and senior officers recently acquiring shares in the open market following the company’s transformational La Negra acquisition.

Recent insider purchases totaled millions of dollars in stock, signaling continued management confidence following SICO’s recent acquisition of the La Negra silver mine, a transformational deal that advances the company toward becoming a multi-asset silver producer in Mexico.

More Info: https://www.reddit.com/r/PennyStocksCanada/comments/1ti6sen/today_silverco_mining_sicov_sicof_completes_nuevo/

Posted on behalf of Silverco Mining Ltd. – Marking a major step in the company’s transition toward becoming a multi-asset silver producer, Silverco Mining (SICO.v SICOF) has officially completed its acquisition of the producing La Negra mine in Mexico: Posted on behalf of Silverco Mining Ltd. – TODAY: @SilvercoMining Completes Nuevo Silver Acquisition for Producing La Negra Mine$SICO.v $SICOF$SICO completed its acquisition of Nuevo Silver, for 100% ownership of the producing La Negra #silver-lead-zinc-copper mine in… https://t.co/HNu0y6AnYG pic.twitter.com/xNeljBUYYl— Stocks&Thoughts (@StocksNThoughts) May 20, 2026

With active production, expansion plans underway, and one of the first major drill campaigns at La Negra in nearly 20 years planned for 2026, SICO is now advancing both near-term cash flow and district-scale silver growth potential.

Posted on behalf of Silverco Mining Ltd. – Silverco Mining (SICO.v SICOF) has completed its acquisition of Nuevo Silver, giving the company 100% ownership of the producing La Negra mine in Mexico as it advances toward becoming a multi-asset silver producer: Posted on behalf of Silverco Mining Ltd. – TODAY: @SilvercoMining Completes Nuevo Silver Acquisition for Producing La Negra Mine$SICO.v $SICOF$SICO completed its acquisition of Nuevo Silver, for 100% ownership of the producing La Negra #silver-lead-zinc-copper mine in… https://t.co/HNu0y6AnYG pic.twitter.com/xNeljBUYYl— Stocks&Thoughts (@StocksNThoughts) May 20, 2026

With active production, existing infrastructure, and a planned 15,000–20,000m drill program ahead, SICO is now targeting growth toward a 10Moz AgEq production profile within the next three years.

Silverco Mining Files NI 43-101 Technical Report for the Cusi Project PEAMay 21, 2026 7:02 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - Silverco Mining Ltd. (TSXV: SICO) (OTCQB: SICOF) ("Silverco" or the "Company") announces that, in connection with its news release dated April 13, 2026, it has filed on SEDAR+ a National Instrument 43-101 Technical Report titled "Preliminary Economic Assessment Cusi Project, Chihuahua, Mexico" (the "Technical Report"), with an effective date of March 31, 2026.The Technical Report is available under the Company's profile on SEDAR+ (www.sedarplus.ca). A copy of the Technical Report is also located on the Company's website.About Silverco Mining Ltd.The Company owns a 100% interest in the Cusi Project located in Chihuahua State, Mexico (the “Cusi Property”) and the producing La Negra Mine in Querétaro, Mexico.The Cusi Property includes a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City and a 1,200 tonne per day mill with tailings capacity approximately 40 kilometres from the mine. The project boasts excellent infrastructure, including paved highway access and connection to the national power grid. Cusi lies within the prolific Sierra Madre Occidental gold-silver belt and hosts multiple historical silver-gold-lead-zinc producing mines and several significant exploration targets. A recent Preliminary Economic Assessment outlined compelling economics for a restart that is targeted to begin in H2 2026.The La Negra Mine is a currently producing underground silver-lead-zinc-copper mine that was restarted in 2024 and is currently operating at 55% of its 2,500 tonne per day capacity. Mining is completed using room and pillar and long hole methods and the processing plant employs a standard crushing, grinding, flotation, and filtration circuit producing lead-silver, copper-silver, and zinc concentrates. The project is located along the Sierra Gorda Belt within a land package that has seen limited exploration over the last two decades.On Behalf of the Board of Directors"Mark Ayranto"Mark Ayranto, President & CEOEmail: mayranto@silvercomining.comFor further information, please contact: Investor Relations & Communications
Email: info@silvercomining.com
www.silvercomining.comNeither the 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.Cautionary Statement and Forward-Looking InformationThis news release contains "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or the Company's future performance and are generally identified by words such as "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "goal", "intend", "may", "objective", "outlook", "plan", "potential", "priority", "schedule", "seek", "should", "target", "will", and similar expressions (including negative and grammatical variations).These forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company as of the date of this release, are inherently subject to significant business, technical, economic and competitive uncertainties and contingencies. Key assumptions include but are not limited to: the potential of the La Negra Mine; future production; achieving the Company's goals; the potential benefits of the Transaction; no material adverse changes to general business, economic, market and political conditions; commodity price and foreign exchange assumptions; inflation and input costs remaining within expectations; and the Company's ability to secure additional financing on acceptable terms when required.Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such risks are set out in the Company's public disclosure filings available on SEDAR+ at www.sedarplus.ca.Readers are cautioned not to place undue reliance on forward-looking statements. The purpose of forward-looking statements is to provide readers with information about management's current expectations and plans and may not be appropriate for other purposes. No assurance can be given that such statements will prove to be accurate; actual results and future events could differ materially. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298468 Original: Silverco Mining Files NI 43-101 Technical Report for the Cusi Project PEA

Posted on behalf of Silverco Mining Ltd. - Yesterday, Silverco Mining Ltd. (SICO.v SICOF) completed its previously announced acquisition of Nuevo Silver, positioning it as a silver producer with 2 key Mexican assets. La Negra is a producing underground silver-lead-zinc-copper mine located ~150km by paved road from Querétaro City. For the remainder of 2026, Silverco plans to increase throughput through investments in equipment, spare parts & enhanced maintenance programs. SICO also intends to complete a 15,000–20,000m exploration drill program and is targeting completion of a resource estimate and mine plan in H2 2026. Full news here: https://www.silvercomining.com/news-releases/silverco-mining-completes-acquisition-of-nuevo-silver-to-become-the-newest-silver-producer

Posted on behalf of Silverco Mining Ltd. – Today, Silverco Mining (SICO.v SICOF) completed its acquisition of Nuevo Silver, giving the company 100% ownership of the producing La Negra silver-lead-zinc-copper mine in Querétaro, Mexico, as it transitions toward becoming a multi-asset silver producer: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3328-tsx-venture/sico/203723-silverco-mining-completes-acquisition-of-nuevo-silver-to-become-the-newest-silver-producer.html

With existing infrastructure, active production, and significant exploration upside, management believes the acquisition strengthens SICO's path toward building a larger multi-asset silver production platform in Mexico.

Silverco Mining Completes Acquisition of Nuevo Silver to Become the Newest Silver ProducerMay 19, 2026 5:16 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Silverco Mining Ltd. (TSXV: SICO) (OTCQB: SICOF) ("Silverco" or the "Company") is pleased to announce that it has completed its previously announced acquisition (the "Transaction") of Nuevo Silver Inc. ("Nuevo"). Pursuant to the Transaction, the Company has acquired all of the issued and outstanding common shares of Nuevo in exchange for the issuance of an aggregate of 16,802,283 common shares of the Company to former Nuevo shareholders on a pro rata basis.Nuevo, which holds a 100% interest in the La Negra Mine, in Querétaro, Mexico, is now a wholly-owned subsidiary of the Company. Mark Ayranto, CEO, commented: "We are incredibly excited to bring the La Negra Mine and team into Silverco, marking the beginning of our journey as a silver producer. The long and productive history of the La Negra Mine is a testament to the quality of this project and we look forward to returning the project to its full potential over the remainder of 2026 through a low capital investment program. In addition, we will be embarking on one of the first exploration programs at the project in nearly two decades to identify additional opportunities for growth. Combining this mine with our Cusi project, which is on track to be restarted in H2 2026, places us firmly on the path to achieve our vision of becoming a 10 million ounce silver equivalent producer within three years." La Negra is a producing silver- lead – zinc- copper mine located approximately 150 kilometres by paved road from Querétaro city. The mine initially commenced modern production in 1971 and was operated consistently for 29 years by Peñoles. After a series of different owners and operators between 2001 and 2017, it was restarted again in 2024 and is currently operating at 55% of its 2,500 tonne per day capacity. Ground conditions at the mine are very good allowing for mining to be conducted via room and pillar and long hole methods with limited ground support and backfill. The process plant employs a standard crushing, grinding, flotation, and filtration circuit producing lead-silver, copper-silver, and zinc concentrates. The mine is located within the prolific Sierra Gorda range which is host to numerous discoveries. Mineralization at La Negra is hosted in a skarn and metallurgy is well understood given the more than 40 years of operating history. Exploration drilling at the project has been limited over the last two decades. Through the remainder of 2026, Silverco will focus on increasing throughput through investments in equipment, spare parts, and enhanced maintenance programs, as well as undertake a 15,000 – 20,000 metre exploration drill program. The Company is targeting completion of a resource estimate and mine plan in H2 2026. About Silverco Mining Ltd.The Company owns a 100% interest in the Cusi Project located in Chihuahua State, Mexico (the "Cusi Property") and the producing La Negra Mine in Querétaro, Mexico. The Cusi Property includes a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City and a 1,200 tonne per day mill with tailings capacity approximately 40 kilometres from the mine. The project boasts excellent infrastructure, including paved highway access and connection to the national power grid. Cusi lies within the prolific Sierra Madre Occidental gold-silver belt and hosts multiple historical Ag-Au-Pb-Zn producing mines and several significant exploration targets. A recent Preliminary Economic Assessment outlined compelling economics for a restart that is targeted to begin in H2 2026. The La Negra Mine is a currently producing underground silver – lead- zinc – copper mine that was restarted in 2024 and is currently operating at 55% of its 2,500 tonne per day capacity. Mining is completed using room and pillar and long hole methods and the processing plant employs a standard crushing, grinding, flotation, and filtration circuit producing lead-silver, copper-silver, and zinc concentrates. The project is located along the Sierra Gorda Belt within a land package that has seen limited exploration over the last two decades.On Behalf of the Board of Directors"Mark Ayranto"Mark Ayranto, President & CEO
Email: mayranto@silvercomining.comFor further information, please contact: Investor Relations & Communications
Email: info@silvercomining.com
www.silvercomining.comNeither the 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.Cautionary Statement and Forward-Looking InformationThis news release contains "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or the Company's future performance and are generally identified by words such as "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "goal", "intend", "may", "objective", "outlook", "plan", "potential", "priority", "schedule", "seek", "should", "target", "will", and similar expressions (including negative and grammatical variations).These forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company as of the date of this release, are inherently subject to significant business, technical, economic and competitive uncertainties and contingencies. Key assumptions include but are not limited to: the potential of the La Negra Mine; future production; achieving the Company's goals; the potential benefits of the Transaction; no material adverse changes to general business, economic, market and political conditions; commodity price and foreign exchange assumptions; inflation and input costs remaining within expectations; and the Company's ability to secure additional financing on acceptable terms when required.Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such risks are set out in the Company's public disclosure filings available on SEDAR+ at www.sedarplus.ca.Readers are cautioned not to place undue reliance on forward-looking statements. The purpose of forward-looking statements is to provide readers with information about management's current expectations and plans and may not be appropriate for other purposes. No assurance can be given that such statements will prove to be accurate; actual results and future events could differ materially. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298078 Original: Silverco Mining Completes Acquisition of Nuevo Silver to Become the Newest Silver Producer

Posted on behalf of Silverco Mining Ltd. - Silverco Mining Acquires Producing La Negra Silver Mine - Multi-Asset Silver Producer with Cusi’s 66 Moz AgEq Resource & Restart Potential

(TSXV: SICO | OTCQB: SICOF) has executed a definitive agreement to acquire 100% of Nuevo Silver Inc., adding the producing La Negra Mine in Querétaro, Mexico to its portfolio.

https://www.reddit.com/r/BreakoutStocks/comments/1thxxx2/silverco_mining_acquires_producing_la_negra/

Posted on behalf of Silverco Mining – Silverco Mining’s (SICO.v SICOF) new PEA outlines a low-capital restart strategy at the Cusi Mine in Mexico, highlighting strong silver leverage with a 94.8% IRR, sub-1 year payback, and average production of ~2.5Moz AgEq annually: Posted on behalf of Silverco Mining – @SilvercoMining Releases Robust PEA for Cusi Mine in Chihuahua, Mexico$SICO.v $SICOF$SICO released a PEA outlining a low-capital restart of its 100%-owned Cusi Mine in Chihuahua, Mexico, highlighting strong silver leverage and a rapid path… https://t.co/HRpo4VwtKp pic.twitter.com/qe9psAyVdi— Stocks&Thoughts (@StocksNThoughts) May 12, 2026

With restart work already underway and the producing La Negra Mine acquisition adding a second asset, SICO is positioning itself as an emerging multi-asset silver producer in Mexico.

Silverco Mining (SICO.v SICOF) recently released a PEA for the restart of its 100%-owned Cusi Mine in Mexico, outlining an after-tax NPV(5%) of US$104.1M and a 94.8% IRR at a base silver price of US$44.58/oz: https://silvercomining.com/news-releases/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-low-capital-restart

The study outlines a low-capex restart (\~US$19.2M initial capex) with production targeted for late 2026 and full ramp-up by mid-2027, alongside a 30,000m drill program and ongoing mine/mill rehabilitation work. Notably, SICO is additionally acquiring Nuevo Silver and the producing La Negra Mine, further expanding the company’s multi-asset silver strategy in Mexico.

Posted on behalf of Silverco Mining – Silverco Mining (SICO.v SICOF) is transforming into a multi-asset silver producer through the acquisition of Nuevo Silver and its producing La Negra mine in Mexico, adding near-term production and cash flow alongside the planned restart of the Cusi Mine in 2026: Posted on behalf of Silverco Mining – "Canadian Co. Lands Massive Active #Silver Mine Acquisition in Mexico" $SICO.v $SICOF@SilvercoMining entered into a definitive agreement to acquire Nuevo Silver, giving the company 100% ownership of the producing La Negra silver mine in… https://t.co/YCtfiiOWyK pic.twitter.com/bChVHU2BR4— Stocks&Thoughts (@StocksNThoughts) May 6, 2026

With aggressive drill programs planned across both assets and silver market fundamentals remaining strong, SICO is positioning itself as an emerging growth-focused silver platform in Mexico.

Posted on behalf of Silverco Mining – With the acquisition of the producing La Negra mine, Silverco Mining (SICO.v SICOF) is transforming into a multi-asset Mexican silver producer, adding near-term production and cash flow alongside the planned H2 2026 restart of its Cusi project: Posted on behalf of Silverco Mining – "Canadian Co. Lands Massive Active #Silver Mine Acquisition in Mexico" $SICO.v $SICOF@SilvercoMining entered into a definitive agreement to acquire Nuevo Silver, giving the company 100% ownership of the producing La Negra silver mine in… https://t.co/YCtfiiOWyK pic.twitter.com/bChVHU2BR4— Stocks&Thoughts (@StocksNThoughts) May 6, 2026
 
The deal positions SICO with two advancing silver assets in Mexico at a time when strong industrial demand, tightening supply, and bullish sentiment continue to support the silver market.

Posted on behalf of Silverco Mining Ltd. - Silverco Mining (SICO.v SICOF) entered a definitive agreement to acquire Nuevo Silver, owner of the producing La Negra Mine. The deal (pending final TSXV approval) adds an operating silver asset to its portfolio alongside the Cusi Project, giving SICO both production & exploration assets in Mexico. Full news breakdown here⬇️
https://www.reddit.com/r/CanadaStocks/comments/1t40u7h/silverco_mining_ltd_sicov_sicof_secures_producing/

Posted on behalf of Silverco Mining – Silverco Mining (SICO.v SICOF) has entered into a definitive agreement to acquire Nuevo Silver, giving the company 100% ownership of the producing La Negra silver mine in Querétaro, Mexico: https://www.streetwisereports.com/article/2026/04/30/canadian-co-lands-massive-active-silver-mine-acquisition-in-mexico.html

Notably, La Negra is already a producing silver mine, adding near-term production and cash flow potential amid continued bullish sentiment for silver, supported by strong industrial demand, inflation concerns, and ongoing supply constraints.

Posted on behalf of Silverco Mining – As gold consolidates and silver pushes higher on tightening supply, John Feneck points to Silverco Mining (SICO.v SICOF) as a leveraged way to play a strengthening precious metals cycle with growing production scale in Mexico: Posted on behalf of Silverco Mining – John Feneck Bullish on #Gold & #Silver + Why @SilvercoMining is a Standout Opportunity in This Market$SICO.v $SICOF

On @INN_Resource, @FeneckConsult detailed recent price activity for gold and silver, how the long-term backdrop remains… https://t.co/FBCeJYH9fH pic.twitter.com/eAcTnTkDEE— Stock Master Flash (@StckMasterFlash) April 29, 2026

Posted on behalf of Silverco Mining Ltd. - Silverco Mining (SICO.v SICOF) signed a definitive agreement to acquire Nuevo Silver and its producing La Negra Mine in Mexico. The deal adds an operating silver asset to Silverco’s portfolio (final TSXV approval pending), alongside its Cusi Project in Chihuahua. Full details here: https://www.silvercomining.com/news-releases/silverco-provides-update-on-nuevo-silver

Posted on behalf of Silverco Mining – On Investing News, John Feneck detailed recent price activity for gold and silver, how the long-term backdrop remains bullish, and highlighted including Silverco Mining (SICO.v SICOF) as a unique opportunity:

With a strengthened leadership team, dual-hub production strategy in Mexico, and strong leverage to elevated silver prices, SICO is positioned as a high-margin, near-term growth story with clear potential to scale and attract M&A interest.

Posted on behalf of Silverco Mining – Yesterday, Silverco Mining (SICO.v SICOF) announced its move from single-asset restart story to emerging producer, locking in a producing Mexican silver mine with La Negra while advancing Cusi toward restart, setting up a dual-asset, near-term cash flow profile: Posted on behalf of Silverco Mining – TODAY: Definitive Agreement for Acquisition of Nuevo Silver Executed$SICO.v $SICOF@SilvercoMining entered into a definitive share exchange agreement to acquire Nuevo Silver, which owns 100% of the producing La Negra silver mine in Mexico.… https://t.co/gdeWjTVUYs pic.twitter.com/fVCo3NogRD— Stocks&Thoughts (@StocksNThoughts) April 27, 2026

Posted on behalf of Silverco Mining – Today, Silverco Mining (SICO.v SICOF) announced it entered into a definitive share exchange agreement to acquire Nuevo Silver, which owns 100% of the producing La Negra silver mine in Mexico: https://www.silvercomining.com/news-releases/silverco-mining-executes-definitive-agreement-for-the--acquisition-of-nuevo-silver-

La Negra adds a producing, cash-flowing asset to SICO's portfolio, currently operating at ~55% capacity with clear upside through throughput optimization. With established infrastructure, an existing workforce, and near-term expansion potential, the mine provides immediate production and a platform for growth while complementing the planned restart of Cusi, positioning the company to scale toward a multi-asset silver producer.

Silverco Mining Executes Definitive Agreement for the Acquisition of Nuevo SilverApril 27, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Silverco Mining Ltd. (TSXV: SICO) (OTCQB: SICOF) (the "Company") is pleased to announce that it has entered into a definitive share exchange agreement (the "Definitive Agreement") providing for the previously announced acquisition by the Company of Nuevo Silver Inc. ("Nuevo"). Pursuant to the Definitive Agreement, the Company will acquire all of the issued and outstanding common shares of Nuevo (the "Transaction") by way of issuance of common shares of the Company (the "Silverco Shares"). Following the closing of the Transaction, Nuevo will be a wholly-owned subsidiary of the Company.Currently, Nuevo holds a 100% interest in the La Negra Mine in Querétaro, Mexico (the "La Negra Mine"), which is a producing silver mine. Pursuant to the Definitive Agreement, among other things: Existing shareholders of Nuevo (the "Nuevo Shareholders") will receive an aggregate of 16,802,316 Silverco Shares;The Company will assume Nuevo's existing indebtedness of approximately US$11 million associated with the producing La Negra Mine; andThe Company will assume US$12.5 million in milestone payments and US$5 million in contingent payments potentially payable to the former owner of the La Negra Mine.Closing of the Transaction is subject to a number of customary conditions, including all necessary consents, approvals, and other authorizations of any regulatory authorities or third parties being obtained. The Transaction constitutes a "Fundamental Acquisition" of the Company for purposes of Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets of the TSX Venture Exchange ("TSXV") Corporate Finance Manual. The Transaction has been conditionally accepted by the TSXV and is subject to final TSXV acceptance, which is pending TSXV review of final materials that have been submitted by the Company. Closing of the Transaction will occur as soon as reasonably possible after the satisfaction or waiver of all conditions precedent.It is anticipated that on completion of the Transaction, the former Nuevo Shareholders will hold approximately 31% of the outstanding Silverco Shares, and the existing holders of the Silverco Shares will hold approximately 69% of the outstanding Silverco Shares.Related Party TransactionCertain insiders of the Company are Nuevo Shareholders. There are no insiders of the Company that are also insiders of Nuevo. The applicable insiders of the Company that hold Nuevo shares are: Mark Ayranto (President, Chief Executive Officer and director of the Company), Gary Brown (director of the Company), Tim Sorensen (director of the Company), Sean Fallis (Chief Financial Officer), Nico Harvey (Vice President, Project Development) and Eric Sprott (shareholder currently holding 10% or more of the Silverco Shares) (collectively, the "Silverco Insiders"). The Silverco Insiders' collective ownership in Nuevo is approximately 7.35%, with the Company's board of directors (the "Board") and management representing approximately 3.34%.Consequently, the Transaction is considered a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). However, the Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with such insiders' participation in the Transaction in reliance on Sections 5.5(b) and 5.7(1)(a) of MI 61-101.The Company will file a material change report in respect of the Transaction; however, the material change report may be filed less than 21 days prior to the closing of the Transaction, which is consistent with market practice and the Company deems reasonable in the circumstances.Fairness Opinion and Board ApprovalThe Board has received a favourable fairness opinion from ATB Cormark Capital Markets. In addition, the Board has approved the Transaction, with each of Mark Ayranto, Gary Brown and Tim Sorensen abstaining from the approval of the issuance of Silverco Shares to each of them pursuant to the Transaction. The Company will make further disclosure in accordance with applicable securities laws and TSXV policies as may be necessary, and will provide updates as material developments occur.About Silverco Mining Ltd.The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the "Cusi Property"). It lies within the prolific Sierra Madre Occidental gold-silver belt. There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property. The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid. The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines, each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation. On Behalf of the Board of Directors"Mark Ayranto"Mark Ayranto, President & CEOEmail: mayranto@silvercomining.comFor further information, please contact: Investor Relations & Communications
Email: info@silvercomining.com
www.silvercomining.comNeither the 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.Cautionary Statement and Forward-Looking InformationThis news release contains "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or the Company's future performance and are generally identified by words such as "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "goal", "intend", "may", "objective", "outlook", "plan", "potential", "priority", "schedule", "seek", "should", "target", "will", and similar expressions (including negative and grammatical variations).These forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company as of the date of this release, are inherently subject to significant business, technical, economic and competitive uncertainties and contingencies. Key assumptions include but are not limited to: the ability of the parties to complete the Transaction; the satisfaction or waiver of closing conditions; the receipt of all required approvals in a timely manner; the potential of the La Negra Mine; future production; achieving the Company's goals; the potential benefits of the Transaction; no material adverse changes to general business, economic, market and political conditions; commodity price and foreign exchange assumptions; inflation and input costs remaining within expectations; and the Company's ability to secure additional financing on acceptable terms when required.Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such risks are set out in the Company's public disclosure filings available on SEDAR+ at www.sedarplus.ca.Readers are cautioned not to place undue reliance on forward-looking statements. The purpose of forward-looking statements is to provide readers with information about management's current expectations and plans and may not be appropriate for other purposes. No assurance can be given that such statements will prove to be accurate; actual results and future events could differ materially. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294312
Original: Silverco Mining Executes Definitive Agreement for the Acquisition of Nuevo Silver

Silverco Mining Announces Filing of 2025 Audited Financial Statement and MD&AApril 24, 2026 8:54 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 24, 2026) - Silverco Mining Ltd. (TSXV: SICO) (OTCQB: SICOF) ("Silverco" or the "Company") is pleased to announce that its audited consolidated financial statements and Management's Discussion and Analysis for the year ended December 31, 2025 are available on SEDAR+ at www.sedarplus.ca. About Silverco Mining Ltd.The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the "Cusi Property"). It lies within the prolific Sierra Madre Occidental gold-silver belt. There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property. The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid. The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines, each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation. Furthermore, the Company recently announced a binding letter agreement to acquire Nuevo Silver Inc., which owns 100% of the producing La Negra Silver Mine in Querétaro, Mexico.On Behalf of the Board of Directors"Mark Ayranto"Mark Ayranto, President & CEO
Email: mayranto@silvercomining.com For further information, please contact:Investor Relations & Communications
Email: info@silvercomining.com
www.silvercomining.com Neither the 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.Cautionary Statement and Forward-Looking InformationThis news release contains "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or the Company's future performance and are generally identified by words such as "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "goal", "intend", "may", "objective", "outlook", "plan", "potential", "priority", "schedule", "seek", "should", "target", "will", and similar expressions (including negative and grammatical variations).These forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company as of the date of this release, are inherently subject to significant business, technical, economic and competitive uncertainties and contingencies. Key assumptions include: timely receipt of permits and approvals necessary for planned work; access to surface rights and community support; no material adverse changes to general business, economic, market and political conditions; commodity price and foreign exchange assumptions; inflation and input costs remaining within expectations; and the Company's ability to secure additional financing on acceptable terms when required.Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such factors include, without limitation: exploration, development and operating risks (including drilling, sampling, assaying, interpretation and modeling uncertainties; variability of mineralization; representativity of samples; true-width estimation; metallurgical variability; water management; geotechnical and ground conditions); risks inherent in estimating or converting mineral resources; the absence of current mineral reserves at the Cusi Property; that AgEq is a reporting metric only and does not imply economic recoverability; permitting, licensing and regulatory risks in Mexico (including changes in mining, environmental, labour, water, land access and related regimes); community relations, social licence and stakeholder engagement risks; title, surface rights, access and environmental liability risks; health, safety and security risks; commodity price and FX volatility (silver, gold, lead, zinc; MXN/CAD/USD); cost inflation, supply-chain disruptions and contractor availability; political and macroeconomic instability; financing and liquidity risks (including the availability and terms of debt and/or equity); TSX Venture Exchange and other regulatory approvals; counterparty risks; limitations and uncertainties relating to historical data and third-party reports (including the risk that historical results cannot be verified to NI 43-101 standards); force majeure events; litigation and enforcement risks; and those additional risks set out in the Company's public disclosure filings available on SEDAR+ at www.sedarplus.ca.Readers are cautioned not to place undue reliance on forward-looking statements. The purpose of forward-looking statements is to provide readers with information about management's current expectations and plans and may not be appropriate for other purposes. No assurance can be given that such statements will prove to be accurate; actual results and future events could differ materially. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294247
Original: Silverco Mining Announces Filing of 2025 Audited Financial Statement and MD&A

Posted on behalf of Silverco Mining – Silverco Mining (SICO.v SICOF) has released a robust PEA for the restart of its 100%-owned Cusi Mine in Mexico, outlining a low-capex, high-margin operation with rapid payback and strong leverage to silver prices: https://silvercomining.com/news-releases/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-low-capital-restart

The study highlights a near-term path to production and strong base case economics, including a US$104M after-tax NPV (5%), 94.8% IRR, sub-1-year payback, ~2.5Moz AgEq annual production, and low initial capex of just ~US$19M.

Posted on behalf of Silverco Mining – With infrastructure already in place and restart work underway, Silverco (SICO.v SICOF) is shifting Cusi from concept to execution, backed by a PEA that emphasizes speed, margin, and low upfront capital: Posted on behalf of Silverco Mining – "@SilvercoMining Targets Late 2026 Restart for Past-Producing Cusi"$SICO.v $SICOF

As featured on @MXBusinessNews, $SICO's 2026 PEA outlined a low-capital restart of the past-producing Cusi Mine in Chihuahua, leveraging ~US$150M in existing… https://t.co/daYWg81lkU— Stocks&Thoughts (@StocksNThoughts) April 21, 2026
 
The focus now is on delivery, not just potential.

Posted on behalf of Silverco Mining – Highlighting a different path to production, Silverco Mining's (SICO.v SICOF) Cusi PEA outlines a low-capex restart with sub-1-year payback, leveraging ~US$150M in existing infrastructure to deliver strong margins and near-term silver exposure: Posted on behalf of Silverco Mining – "@SilvercoMining Targets Late 2026 Restart for Past-Producing Cusi"$SICO.v $SICOF

As featured on @MXBusinessNews, $SICO's 2026 PEA outlined a low-capital restart of the past-producing Cusi Mine in Chihuahua, leveraging ~US$150M in existing… https://t.co/daYWg81lkU— Stocks&Thoughts (@StocksNThoughts) April 21, 2026
 
With a ~US$19M initial capex and a 94.8% IRR at base case, the project underscores how brownfield assets can outperform larger, capital-intensive builds in today’s market.

Posted on behalf of Silverco Mining – As featured on Mexico Business News, Silverco Mining's (SICO.v SICOF) 2026 PEA outlined a low-capital restart of the past-producing Cusi Mine in Chihuahua, leveraging ~US$150M in existing infrastructure to support a ~9-year operation at 1,200 t/d: https://mexicobusiness.news/mining/news/silverco-targets-late-2026-restart-past-producing-cusi-mine

The Cusi PEA reinforces the broader industry shift toward brownfield restarts, where existing infrastructure and prior production history reduce risk and capital intensity. With strong economics, rapid payback, and exposure to rising silver prices, Cusi is positioned as a near-term production and cash flow opportunity with additional upside from ongoing drilling.

Posted on behalf of Silverco Mining — Backed by a new PEA, Silverco (SICO.v SICOF) is highlighting how a lean restart at Cusi can generate rapid payback and strong margins, underscoring the value of capital-efficient silver production in today’s market: Posted on behalf of Silverco Mining – VIDEO SUMMARY: "Silverco Cusi PEA: Bigger Isn't Always Better" $SICO.v $SICOF@TheDeepDive_ca highlighted @SilvercoMining's new Cusi Mine PEA, detailing the economics behind the planned restart: https://t.co/E8fBgrwRg5

⭐️Market Context &… https://t.co/613ubpo6cL pic.twitter.com/otF6nXiu7m— Stock Master Flash (@StckMasterFlash) April 16, 2026

Posted on behalf of Silverco Mining – As mega-projects get bigger, slower, and harder to fund, Silverco (SICO.v SICOF) is taking the opposite approach, leveraging a low-capex, fast-payback restart at Cusi to deliver outsized returns in today’s silver market: Posted on behalf of Silverco Mining – VIDEO SUMMARY: "Silverco Cusi PEA: Bigger Isn't Always Better" $SICO.v $SICOF@TheDeepDive_ca highlighted @SilvercoMining's new Cusi Mine PEA, detailing the economics behind the planned restart: https://t.co/E8fBgrwRg5

⭐️Market Context &… https://t.co/613ubpo6cL pic.twitter.com/otF6nXiu7m— Stock Master Flash (@StckMasterFlash) April 16, 2026

Posted on behalf of Silverco Mining – The Deep Dive broke down Silverco Mining's (SICO.v SICOF) new PEA for the Cusi Mine, detailing the economics behind the planned restart and "why this small-scale silver story may be more attractive than some much larger projects":

Deep Dive highlights a capital-light restart with sub-$50M upfront capex, sub-1-year payback, and strong leverage to silver prices, positioning Cusi as a high-return, near-term production story despite its smaller scale.

Posted on behalf of Silverco Mining – With a low-cost restart and sub-1-year payback, Silverco Mining (SICO.v SICOF) is advancing Cusi as a high-margin, near-term silver producer, offering strong leverage to rising silver prices with minimal upfront capital.
 
For more information, check out SICO's recently announced PEA: Posted on behalf of Silverco Mining – TODAY: @SilvercoMining Releases Robust PEA for Cusi Mine Highlighting High-Margin, Low Capital Restart$SICO.v $SICOF$SICO's Preliminary Economic Assessment (PEA) for the restart of its 100%-owned Cusi Mine in Mexico outlined a low-capex,… https://t.co/OW5LzDf3xi pic.twitter.com/WyXSFa1E10— Stock Master Flash (@StckMasterFlash) April 13, 2026

Posted on behalf of Silverco Mining – With a low-capex restart, sub-1-year payback, and strong leverage to rising silver prices, Silverco’s (SICO.v SICOF) Cusi PEA outlines a high-margin, near-term production story backed by compelling project economics and ongoing resource growth: Posted on behalf of Silverco Mining – TODAY: @SilvercoMining Releases Robust PEA for Cusi Mine Highlighting High-Margin, Low Capital Restart$SICO.v $SICOF$SICO's Preliminary Economic Assessment (PEA) for the restart of its 100%-owned Cusi Mine in Mexico outlined a low-capex,… https://t.co/OW5LzDf3xi pic.twitter.com/WyXSFa1E10— Stock Master Flash (@StckMasterFlash) April 13, 2026
 
With restart targeted for late 2026, ~2.5Moz AgEq annual production, and a 30,000m drill program underway, the company is advancing both near-term cash flow and longer-term expansion potential.

Posted on behalf of Silverco Mining – Today, Silverco Mining (SICO.v SICOF) released a Preliminary Economic Assessment (PEA) for the restart of its 100%-owned Cusi Mine in Mexico, outlining a low-capex, high-return operation with rapid payback and strong leverage to rising silver prices: https://www.silvercomining.com/news-releases/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-low-capital-restart

The study highlights a near-term production profile with restart targeted for late 2026 and full ramp-up by mid-2027, supported by ongoing drilling and early-stage restart work already underway.

Silverco Mining Releases Robust PEA for the Cusi Mine Highlighting High-Margin, Low Capital RestartApril 13, 2026 5:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 13, 2026) - Silverco Mining Ltd. (TSXV: SICO) (OTCQB: SICOF) (the "Company") is pleased to announce the results of an independent Preliminary Economic Assessment ("PEA") for the restart of its 100%-owned Cusi Mine located in Chihuahua, Mexico. Key Highlights:After-tax NPV (5%) of US$104.1 million ("M"), IRR of 94.8% and a payback period of 0.9-years at base case average silver price of US$44.58/ounce ("oz").After-tax NPV (5%) of US$312.2 M, IRR of 186.9% and a payback period of 0.5-years at the upside case of US$75.00/oz.Average annual production of ~2.5 Moz silver equivalent (“AgEq”)1 (2028-2033) with ~90% revenue from silver.Life-of-mine AISC of US$26.75 per payable oz AgEq.Initial capital of only US$19.2 M, delivering 5.4x after-tax NPV/to initial capital at base case metal prices. Restart of processing targeted for late 2026 with full ramp-up by mid-202730,000 metre surface and underground drill program underway targeting infill, resource growth and mine life extension. Early restart work is underway at the mine and mill and discussions are underway to select an underground contractor.Mark Ayranto, President and CEO, commented:"We believe the PEA confirms Cusi as one of the most compelling primary silver restart opportunities globally. With low upfront capital, rapid payback, and strong leverage to rising silver prices, Cusi is positioned to deliver near-term production and cash flow. Importantly, ongoing drilling and restart work provide clear upside to both scale and mine life. We have sufficient funds currently on hand to finance the restart and continue our previously announced 30,000 m drill program that is testing for on strike and downthrown extensions, in addition to infill drilling. Work is also well underway at the mine and mill to support the restart, including dewatering and mine rehabilitation, hiring of key discipline managers, and commencement of the bid process for an underground mine contractor. With concentrate production scheduled to begin in late 2026 and full ramp-up by mid-2027, we are looking at a very rapid timeline to meaningful production and cash flow."The results of the PEA are preliminary in nature and include Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. A report supporting this news release will be available on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.silvercomining.com) within the next 45 days. All dollar amounts referenced in this news release are in United States dollars (USD or US$) unless otherwise noted.PEA OverviewThe PEA was prepared by JDS Energy & Mining Inc. ("JDS"), Forte Dynamics ("Forte"), and SGS Geological Services ("SGS").The PEA outlines a low-capital restart of an existing underground mine with an initial approximately nine-year mine life and steady-state throughput of 1,200 tonnes per day (“tpd”). Production is scheduled to begin in late 2026, with full ramp-up by mid-2027, and average annual output of 2.47 million oz AgEq produced from 2028-2033.Table 1: PEA Summary Table
Units
Mill FeedMine Lifeyears8.3Mine ThroughputMt/annum4.4Milling Throughputt/d1,200Silver Recovery%84.0%Lead Recovery%91.5Zinc Recovery%73.0Gold Recovery%79.0Average AgEq Produced(1)M AgEqoz/year2.1 (peak 2.8)Average AgEq Payable(1)M AgEqoz/year1.7 (peak 2.4)Financial Analysis - Base Case (Average Ag - $44.58/oz)(2)Pre-Tax NPV5%$M188.2Pre-Tax IRR%155.7Pre-Tax Paybackyears0.6After-Tax NPV(5%)$M104.1After-Tax IRR%94.8%After-Tax Paybackyears0.9Financial Analysis - Upside Case (Fixed Ag - $75/oz)(2)After-Tax NPV(5%)$M312.2After-Tax IRR%186.9After-Tax Paybackyears0.5Capital CostsInitial(3)$M19.2Sustaining, including closure$M140.6Operating CostsMining$/t40.27Processing$/t23.23G&A$/t9.03Contingency$/t3.63Cash Operating Costs$/AgEqoz17.24Site AISC$/AgEqoz26.75 Notes:Average Produced and Payable excludes values from 2026Metal prices for Lead, Zinc, and Gold for both Base and Upside cases are $0.91/lb, $1.21/lb, and $3,000/oz respectively.Initial capital is inclusive of all capital spend and owners costs to end of Q1 2027 and includes revenue generation during commissioning period from Q4 2026 to Q1 2027Silver RevenueThe Cusi Project's economic profile is defined by its substantial leverage to silver prices, with 88% of the projected life-of-mine Net Smelter Return (NSR) revenue generated directly from silver production. The remaining 12% of the NSR revenue is comprised of by-product metals, including lead (8%), gold (3%), and zinc (1%), as calculated using the PEA's metallurgical recovery, metal price assumptions, and payabilities.Figure 1 - Life-of-Mine Net Smelter Return by MetalTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/292137_silvercofig1.jpgMining activities will focus on three primary zones: Promontorio, San Miguel, and Eduwiges. Initial production will prioritize the Promontorio zone to leverage extensive existing underground infrastructure and advanced mine development. Development of the newly defined San Miguel zone is slated to proceed concurrently, with a target to be fully ramped up by the end of H1 2027. The extraction will utilize conventional sublevel long-hole open stoping in a retreat strategy, performed by specialized contract miners. To optimize grade delivery, the Company will employ a stockpiling strategy for lower-grade material.Table 2: Production Schedule
UnitsY-1Y1Y2Y3Y4Y5Y6Y7Y8-9LOMMill Feed
Milled (kt)Kt403704324324324324324325543,556Ag Feed Gradeg/t175.3162.6186.7160.3193.5125.6132.7158.8101.3151.0Au Feed Gradeg/t0.060.170.210.220.130.150.100.130.100.15Pb Feed Grade%0.250.500.730780.921.571.150.830.430.85Zn Feed Grade%0.280.460.751.881.211.921.851.180.681.10Metal Recovered to Concentrate
AgKoz1881,6242,1781,8712,2581,4651,5481,8531,51614,502Au Koz0.11.62.32.41.51.71.01.41.413.4Pb Mlbs0.23.86.46.88.013.610.17.24.860.9Zn Mlbs0.22.75.26.18.413.312.88.26.163.1AgEq Produced (1)koz1981,8182,5342,3462,8212,3772,3082,4161,95018,768Payable Metals
AgKoz1791,5432,0691,7772,1451,3921,4711,7611,44113,777Au Koz0.01.01.61.70.71.00.30.70.57.4Pb Mlbs0.12.54.95.36.512.18.65.72.948.6Zn Mlbs0.00.00.40.50.71.11.00.70.14.4AgEq Payable (2)koz1811,6442,2682,0372,3981,8231,7662,0041,58915,711 Notes:AgEq Produced represents the total value of all recovered metals expressed in silver ounces. This is calculated by converting byproduct metal production (gold, lead, and zinc) into silver ounces based on the relative value of their price assumptions compared to the silver price assumption.AgEq Payable represents the total value of all payable metals expressed in silver ounces. This is calculated by converting byproduct payable metal (gold, lead, and zinc) into silver ounces based on the relative value of their price assumptions compared to the silver price assumption.Figure 2: Life-of-Mine Payable Revenue by Metal and Silver Equivalent ProductionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/292137_silvercofig2.jpgThe Cusi underground mine is located approximately 120 kilometre ("km") West from the city of Chihuahua and 20 km south of Cuauhtemoc city. The location allows for access to an experienced labour pool with a population of more than one million people. Ore will be transported from the mine via 30-tonne highway trucks to the Company's existing 1,200 tpd processing facility, located approximately 40 km from the mining areas. The mill utilizes a conventional comminution and flotation circuit designed to produce a high-value bulk lead-silver concentrate. The project currently maintains constructed tailings storage capacity for the first 12 months of production. Permitting is already in place for additional capacity required by the end of 2027.Figure 3 and 4 - Cusi Property Location (Left) and Property Claims (Right)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/292137_silvercofig3.jpgFigure 5 - Cusi Mine LayoutTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/292137_67cbaf69f4928a63_005full.jpgFigure 6 - Promontorio and San Juan Mine Design - Long Section View, Looking NorthTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/292137_67cbaf69f4928a63_006full.jpgFigure 7 - San Miguel Mine Design - Long Section View, Looking NorthTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/292137_67cbaf69f4928a63_007full.jpgFigure 8 - Eduwiges Mine Design - Long Section View, Looking NorthTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/292137_67cbaf69f4928a63_008full.jpgForecast Operating Cost EstimatesOperating costs were estimated as a combination of historical operating costs at Cusi (based on data from 2022 and 2023 operations at a reduced throughput), updated with new contractor rates for development, reagent and consumable pricings, and benchmarked against comparable Mexican operations. Operating costs include a contingency of 5%.Life-of-mine cash operating costs have been estimated at $76.15/t and all-in-sustaining-costs ("AISC") are estimated at $26.75/AgEq oz.Table 3: Operating Cost EstimatesOperating CostsLOM Total ($M)Unit Cost ($/AgEq oz)Unit Cost ($/t)Mining$139.0$9.12$40.27Processing$80.2$5.26$23.23General & Administrative$31.2$2.04$9.03Contingency (5%)$12.5$0.82$3.63Total Cash Operating Costs$262.9$17.24$76.15TC/RCs & Royalties$4.35$0.29$1.26Total Cash Costs$267.2$17.53$77.38Net Sustaining Capital Costs$140.6$9.22$40.72Total Site AISC(1)$407.8$26.75$118.13 Notes: PEA AISC excludes exploration and corporate costs. AISC does include grade control and infill drilling.Life-of-Mine Capital SummaryThe initial net capital requirements are forecasted to be $19.2 M. This includes revenue contributions from initial concentrate production during ramp-up. The initial construction capital estimate consists primarily of mine development at both Promontorio and San Miguel, refurbishment of the existing 1,200 tpd mill, installation of a tailing's thickener for reduced water consumption, capitalized operating costs during the ramp-up phase, miscellaneous mine and surface infrastructure upgrades, and working capital. Working capital has been excluded from capital but included within the financial model. Initial capital costs include 25% contingency.Sustaining capital is estimated at $140.6 M over the life-of-mine, primarily related to ongoing underground mine development and associated infrastructure, tailings expansions, underground grade control drilling, and closure costs. Sustaining capital includes an average of 22% contingency.Table 4: Life-of-Mine Capital EstimatesLOM CapitalCost ($M)Construction Capital (1)$47.5Commissioning Revenue(2)($28.3)Net Initial Capital$19.2Sustaining Capital$109.3Closure$31.3Net Sustaining Capital$140.6Total LOM Capital$159.8 Notes:Construction capital includes all capital and operating cost from initial restart works to achieving commercial throughput. This period is forecasted until the end of Q1 2027. Concentrate production is planned to begin at the start of Q4 2026. Continued ramp up to full throughput is completed by end of H1 2027.Commissioning revenue is all revenue generated up to the end of Q1 2027.Metal Price AssumptionsThe base case utilizes fixed metal prices for gold, lead, and zinc. Silver uses a simplified silver curve starting at $65/oz for 2026 and tapering off to a long-term price of $38/oz beginning in year 5. The average life-of-mine realized price is $44.58/oz. The silver prices in the early years of the project are based on the restart of production in late 2026, current spot prices and consensus price projections. Base case silver prices are discounted on average approximately 13% below consensus pricing of 32 banks and financial institutions.The upside case utilizes a fixed average silver price of $75.00/oz. Other metal prices remain unchanged from the base case assumptions.Table 5: Base Case Metal Price Assumptions
Life of Mine20262027202820292030+Ag ($/oz)$44.58$65$60$55$45$38Au ($/oz)$3,000$3,000$3,000$3,000$3,000$3,000Pb ($/lb)$0.91$0.91$0.91$0.91$0.91$0.91Zn ($/lb)$1.29$1.29$1.29$1.29$1.29$1.29 Forecast Return EstimatesThe economic analysis outlines a base case after-tax Net Present Value ("NPV") of $104.1M at a 5% discount rate with a payback of 0.9-years. The upside case outlines an after-tax NPV of $312.2M with a payback of 0.5-years at the same discount rate.Table 6: Project Pre and Post-tax Economics
Base Case ($44.58/oz Ag)Upside Case ($75/oz Ag)MetricPre-TaxAfter-TaxPre-TaxAfter-TaxTotal Cash Flow$230.8M$128.6M$641.5M$391.6MNPV (5%) $188.2M$104.1M$513.7M$312.2MInternal Rate of Return155.7%94.8%294.0%186.9%Payback Period0.6 years0.9 years0.2 years0.5 years Sensitivity AnalysisThe project economics are most sensitive to metal prices, followed by operating costs and capital expenditure. The table below shows the after-tax NPV(5%) at varying multipliers applied to each parameter.Figure 9: Project SensitivityTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/292137_silvercofig9.jpgTable 7: After-Tax Silver Price SensitivityThe table below shows the after-tax NPV at a 5% discount rate and Internal Rate of Return (IRR) at various silver price assumptions, with all other metal prices held constant.Silver Price ($/oz)After-Tax NPV(5%) ($M)After-Tax IRR (%)Payback Period (yrs)$15($148.7)n/an/a$30($5.4)1.7%6.1$45$101.456.7%1.8$44.58 (Base Case)$104.194.8%0.9$60$206.8115.8%0.9$75 (Upside Case)$312.2186.9%0.5$100$486.7348.5%0.1$120$626.2541.2%0.0 Notes: The approximate break-even price for the project considering initial capital is approximately $30/oz silver.Mining OverviewThe PEA envisions a multi-front mining operation focused on three primary mineralized zones: Promontorio, San Miguel, and Eduwiges. These zones consist of multiple vein structures, providing the operation with significant operational flexibility through a variety of active working fronts. To ensure operational redundancy and a consistent mill feed, each zone is accessible via its own independent ramp and portal system, ensuring operational redundancy. Underground development and production mining will be executed by mining contractors, allowing the Company to leverage external expertise and equipment to optimize the restart.The primary extraction method selected for the Cusi Mine is conventional sub-level long-hole stoping utilizing a retreat strategy. This method provides a balance of high productivity and effective ground control. Under the current mine plan, stopes will be left open, with sill pillars retained every three levels to maintain long-term structural integrity. To maximize the recovery of high-value ore, sill pillars in higher-grade zones will be extracted and replaced with cemented rock fill (CRF). Additionally, rib pillars will be utilized as necessary based on local geotechnical requirements and vein morphology.To optimize the feed grade to the processing facility, a strategic stockpiling program will be implemented at surface. Lower-grade material will be staged at dedicated laydowns outside the mine portals and blended as needed. Ore will then be transported by 30-tonne highway trucks to the 1,200 tpd processing facility located approximately 40 km from the mining areas. This integrated approach to mining and logistics is designed to maintain a steady throughput while prioritizing high-margin production during the initial years of the restart.Table 8: Annual Mine Schedule
UnitsY-1Y1Y2Y3Y4Y5Y6Y7Y8-9LOM
Mined TonnesKt403704324324324324324325543,556Ag Gradeg/t172.6155.4174.0143.7181.9122.7130.3147.9167.9151.0Au Gradeg/t0.060.160.200.200.130.140.090.120.070.15Pb Grade%0.260.490.710.710.881.411.080.750.050.85Zn Grade%0.280.440.800.861.161.741.741.100.021.10Operating
Developmentm5465,8446,4005,9785,2213,8093,866301031,966Capital Developmentm3,0085,1606,1175,0304,1012,4582,362108028,344 Approximately 1% of resources used in the PEA are Measured, 41% are Indicated and 58% are Inferred. For the first 2 years the mine plan, 2026 and 2027, the mined material is 63% Measured and Indicated and 37% Inferred. Metallurgy & Processing OverviewProcessing design criteria and metallurgical recoveries were determined by Forte. The Cusi Project utilizes an existing, centralized processing facility located approximately 40 km from the primary mining zones, with ore delivered to the site via a fleet of 30-tonne highway trucks. The mill is engineered for a nominal throughput of 1,200 tpd and employs a conventional mineral processing flowsheet consisting of multi-stage comminution followed by a flotation circuit to produce a high-value bulk lead-silver concentrate.The metallurgical recovery assumptions utilized in the PEA were established through the results of a modern metallurgical test work program in combination with long-term historical production data. Recent test work was specifically conducted on representative mineralized samples from both the Promontorio and San Miguel zones. The results of this test work were found to be highly consistent with the mine's historical mill performance, providing a robust empirical basis for the forecast recoveries. By combining the recent test work results with the project's established operational history, the PEA utilizes the following recovery assumptions of 84.0% for silver, 91.5% for lead, 79.0% for gold and 73.0% for zinc.As part of the planned restart, the facility will undergo targeted refurbishments, including the installation of a new tailings thickener. This addition is designed to optimize water recovery and significantly reduce the operation's fresh water footprint. Existing tailings storage capacity is currently sufficient for the first 12 months of production, with an expansion scheduled for the end of 2027.Concentrate Market AssessmentAn assessment of current market conditions for Cusi's expected concentrate quality was conducted as part of the PEA by an independent concentrate marketing advisor. The assessment included a review of treatment and refining charges, payable terms, impurity thresholds, and transportation costs for concentrates with similar metallurgical characteristics. Based on this review, the PEA incorporates payable assumptions and treatment terms consistent with current market conditions for comparable concentrates. The Company intends to continue advancing concentrate market assessments and discussions in parallel with metallurgical optimization and optimization studies through 2026.Mineral Resource EstimateThe PEA is based on the updated Mineral Resource Estimate (MRE) for the Cusi Project with an effective date of October 20, 2025, prepared by Ben Eggers, MAIG, P.Geo., and peer reviewed by Allan Armitage, Ph.D., P.Geo., both of SGS Geological Services. The MRE encompasses 63 three-dimensional resource models representing epithermal veins across the Cusi vein systems, reported at a base case cut-off grade of 120 g/t AgEq.Table 9: Mineral Resource TableClassificationMass (Mt)Ag (g/t)Au (g/t)Pb (%)Zn (%)AgEq (g/t)AgEq (koz)Measured0.692770.080.370.423056,725Indicated4.211950.160.780.9325534,433M + I4.892060.150.730.8626241,157Inferred4.071720.170.891.2024331,753 Notes:The mineral resource was estimated by Ben Eggers, MAIG, P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Cusi Property on September 22-23, 2025. The mineral resource was peer reviewed by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101.The classification of the Mineral Resource Estimate into Indicated and Inferred mineral resources is consistent with current 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves. The effective date of the Cusi Project Mineral Resource Estimate (MRE) is October 20, 2025. This is the close out date for the final mineral resource drilling database.All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.All mineral resources are presented undiluted and in situ, constrained by continuous 3D wireframe models (considered mineable shapes), and are considered to have reasonable prospects for eventual economic extraction. The mineral resource is exclusive of mined out material.Mineral resources are not mineral reserves. Mineral resources which are not mineral reserves, do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated or Measured Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated or Measured Mineral Resources with continued exploration.The Cusi Project MRE is based on a validated database which includes data from 2,052 surface and underground drillholes totalling 360,237 m completed between 2006 and October 2025 and 21,522 channels totalling 48,786 m completed between 2013 and 2023. The resource database totals 105,585 assay intervals representing 119,756 m of drillhole data and 71,605 assay intervals representing 48,783 m of channel data.The mineral resource estimate is based on 63 three-dimensional ("3D") resource models representing epithermal veins which comprise the Cusi vein systems. 3D models of mined out areas were used to exclude mined out material from the current MRE.Grades for Ag, Au, Pb, and Zn are estimated for each mineralization domain using 1.5 m capped composites assigned to that domain. To generate grade within the blocks, the inverse distance squared (ID²) interpolation method was used for all domains.An average density value of 2.75 g/cm³ was assigned to all domains based on a database of 244 samples.It is envisioned that the Cusi Project deposits may be mined using underground mining methods. Mineral resources are reported at a base case cut-off grade of 120 g/t AgEq. The mineral resource grade blocks were quantified above the base case cut-off grade, below surface, within the constraining mineralized wireframes, and exclusive of mined out material.The underground base case cut-off grade of 120 g/t AgEq considers metal prices of US$30/oz Ag, US$2400/oz Au, US$1.00/lb Pb, and US$1.35/lb Zn and metal recoveries of 90% for Ag, 50% for Au, 90% for Pb, and 60% for Zn.The underground base case cut-off grade of 120 g/t AgEq considers a mining cost of US$60.00/t rock and a processing, treatment and refining, transportation and G&A cost of US$35.00/t mineralized material.The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.Growth and Next Steps30,000m drill program underway (resource expansion + infill)Mine restart activities advancing (dewatering, underground rehabilitation, key discipline hires)Underground contractor selection process ongoingThe Company has initiated a comprehensive surface and underground drill program at Cusi, split approximately evenly between the two. A portion of the program will support operational restart preparation through grade control and mine plan confidence drilling; however, a major focus of the campaign is aggressive resource expansion and testing high-potential exploration targets across the property.In parallel, the Company has issued Requests for Proposals (RFPs) to qualified mine contracting companies as it advances toward a production decision. The RFP process is expected to inform the final development and operating cost estimates while securing a capable mining contractor to support the restart.With a robust PEA demonstrating compelling economics and a clear path to production, Silverco intends to advance Cusi through the remaining technical and financial milestones required to support a production decision. The Company will continue to evaluate opportunities to expand the mineral resource base and optimize the mine plan as new drill data becomes available.Qualified PersonsThe scientific and technical information included in this news release was reviewed and approved by the Qualified Persons listed in Table 2.Qualified PersonCompanyQualificationResponsibilityGord DoerksenJDS Energy & Mining (JDS)P. Eng., FECLead author, all sections except the belowTysen HantelmannJDS Energy & Mining (JDS)P.Eng.EconomicsBen EggersSGS Geological Services (SGS)MAIG, P.Geo. Geology, Mineral ResourcesDeepak MalholtraForte Dynamics (Forte)SME-REMetallurgical Testing, Processing Qualified Persons with respect to this News ReleaseThe scientific and technical information contained in this news release has been reviewed and approved by Nico Harvey, P.Eng., Vice President Project Development of Silverco, a Qualified Person as defined in National Instrument 43-101. Mr. Harvey is not independent of the Company. Mr. Harvey has reviewed the sampling, analytical and QA/QC data underlying the technical information disclosed herein.About Silverco Mining Ltd.The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the "Cusi Property"). It lies within the prolific Sierra Madre Occidental gold-silver belt. There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property. The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid. The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines, each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation. Furthermore, the Company recently announced a binding letter agreement to acquire Nuevo Silver Inc., which owns 100% of the producing La Negra Silver Mine in Querétaro, Mexico.On Behalf of the Board of Directors"Mark Ayranto"Mark Ayranto, President & CEO
Email: mayranto@silvercomining.comFor further information, please contact: Investor relations & Communications
Email: info@silvercomining.com 
www.silvercomining.comNeither the 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.Cautionary Statement and Forward-Looking InformationThis news release contains "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or the Company's future performance and are generally identified by words such as "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "goal", "intend", "may", "objective", "outlook", "plan", "potential", "priority", "schedule", "seek", "should", "target", "will", and similar expressions (including negative and grammatical variations).Forward-looking statements in this release include, but are not limited to: the Company's interpretation of geological results at the Cusi Property; the significance of the intercepts; program, estimates or expectations regarding true widths, AgEq calculations, metallurgical recoveries and comparability; the possible expansion and/or upgrading of mineral resources; availability and terms of financing; the filing or availability of figures and additional technical information; and any other statements that express management's expectations or beliefs of future events or results.These forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company as of the date of this release, are inherently subject to significant business, technical, economic and competitive uncertainties and contingencies. Key assumptions include: the accuracy, representativeness and continuity of sampling and assay results; that drill hole orientation and modeling reasonably estimate true widths; that metallurgical recoveries used to calculate AgEq (90% Ag, 50% Au, 90% Pb, 60% Zn) are reasonable proxies based on historical operational data at Cusi; the availability of drill rigs, personnel and analytical laboratory capacity on expected timelines; timely receipt of permits and approvals necessary for planned work; access to surface rights and community support; no material adverse changes to general business, economic, market and political conditions; commodity price and foreign exchange assumptions; inflation and input costs remaining within expectations; and the Company's ability to secure additional financing on acceptable terms when required.Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such factors include, without limitation: exploration, development and operating risks (including drilling, sampling, assaying, interpretation and modeling uncertainties; variability of mineralization; representativity of samples; true-width estimation; metallurgical variability; water management; geotechnical and ground conditions); risks inherent in estimating or converting mineral resources; the absence of current mineral reserves at the Cusi Property; that AgEq is a reporting metric only and does not imply economic recoverability; permitting, licensing and regulatory risks in Mexico (including changes in mining, environmental, labour, water, land access and related regimes); community relations, social licence and stakeholder engagement risks; title, surface rights, access and environmental liability risks; health, safety and security risks; commodity price and FX volatility (silver, gold, lead, zinc; MXN/CAD/USD); cost inflation, supply-chain disruptions and contractor availability; political and macroeconomic instability; financing and liquidity risks (including the availability and terms of debt and/or equity); TSX Venture Exchange and other regulatory approvals; counterparty risks; limitations and uncertainties relating to historical data and third-party reports; force majeure events; litigation and enforcement risks; and those additional risks set out in the Company's public disclosure filings available on SEDAR+ at www.sedarplus.ca.Readers are cautioned not to place undue reliance on forward-looking statements. The purpose of forward-looking statements is to provide readers with information about management's current expectations and plans and may not be appropriate for other purposes. No assurance can be given that such statements will prove to be accurate; actual results and future events could differ materially. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws.1 Silver equivalent ("AgEq") is calculated by converting byproduct metal production (gold, lead, and zinc) into silver ounces based on the relative value of their price assumptions compared to the silver price assumption utilized in the economics.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292137
Original: Silverco Mining Releases Robust PEA for the Cusi Mine Highlighting High-Margin, Low Capital Restart

Posted on behalf of Silverco Mining Ltd. - Silverco's (SICO.v SICOF) new senior leadership strengthens its push toward becoming a mid-tier Mexican silver producer. With drilling at Cusi and the planned La Negra acquisition, the Company is advancing toward a dual-mine platform and near-term production potential.
https://www.silvercomining.com/news-releases/silverco-mining-announces-key-advisory-and-management-appointments-to-drive-transition-to-mid-tier-mexican-silver-producer

Posted on behalf of Silverco Mining — A restart plan with real exploration leverage.
 
Silverco (SICO.v SICOF) is executing a fully funded 30,000m program at Cusi, combining near-term restart work with 600m step-outs at San Juan and expansion at San Miguel, targeting both production and meaningful resource growth: https://www.reddit.com/r/wallstreetsmallcaps/comments/1s8cmti/aggressive_30000m_drill_campaign_commenced_at/

Posted on behalf of Silverco Mining – Silverco (SICO.v SICOF) has launched a 30,000m drill campaign at Cusi that goes beyond restart planning, targeting new zones, extensions, and untested ground across the property: Posted on behalf of Silverco Mining – TODAY: @SilvercoMining Commences 30,000m 2026 Drill Program at Cusi, Targeting Massive Step-Out Potential & Regional Blue-Sky Prospects $SICO.v

Today, $SICO announced the commencement of its fully funded 30,000m 2026 exploration program at… https://t.co/fGeKQN3Chd pic.twitter.com/RUZShBjoGy— Brian (@BriansWealth) March 17, 2026
 
From high-grade underground areas to a 600m step-out at San Juan, the program is designed to unlock additional scale while positioning the operation for a return to production in 2026.

Posted on behalf of Silverco Mining Ltd. — With a fully funded 30,000m program now underway, Silverco (SICO.v SICOF) is executing a dual-track strategy at Cusi: advancing toward a 2026 restart while testing high-grade extensions that could materially grow the resource base: https://www.reddit.com/r/wallstreetsmallcaps/comments/1sb30v9/dualtrack_strategy_targeting_restart_and/
 

Posted on behalf of Silverco Mining – Advancing a dual-track strategy at Cusi, Silverco (SICO.v SICOF) has commenced a fully funded 30,000m drill program designed to support a near-term restart while simultaneously targeting meaningful resource expansion: Posted on behalf of Silverco Mining – Dual-Track Strategy Targeting Restart & Transformational Resource Growth $SICO.v $SICOF@SilvercoMining's fully funded 30,000m drill program at its 100%-owned Cusi Mine marks a pivotal step toward near-term production restart & meaningful… https://t.co/nRGXgElPpP pic.twitter.com/CF2iehlwj7— Stock Master Flash (@StckMasterFlash) April 2, 2026
 
What stands out is the balance: underground drilling is focused on mine readiness at Promontorio, while large step-outs at San Juan and expansion work at San Miguel are aimed at unlocking new scale, positioning Cusi for both production in H2 2026 and longer-term growth.

Posted on behalf of Silverco Mining – Silverco Mining's (SICO.v SICOF) fully funded 30,000m 2026 drill program at its 100%-owned Cusi Mine marks a pivotal step toward both near-term production restart and meaningful resource expansion: https://www.silvercomining.com/news-releases/silverco-mining-commences-30000-meter-2026-drill-program-at-cusi-targeting-massive-step-out-potential-and-regional-blue-sky-prospects

The program is structured to balance operational readiness with aggressive exploration, targeting high-grade extensions and new zones that could materially scale the existing resource base ahead of a planned H2 2026 restart.

Posted on behalf of Silverco Mining – With Cusi moving toward a potential H2 2026 restart, Silverco (SICO.v SICOF) is actively drilling to reshape the scale of the system, targeting major step-outs at San Juan and expanding San Miguel while testing entirely new zones across a multi-vein district with proven production history and existing infrastructure: https://www.reddit.com/r/wallstreetsmallcaps/comments/1s8cmti/aggressive_30000m_drill_campaign_commenced_at/

Posted on behalf of Silverco Mining – With a fully funded 30,000m program now underway, Silverco (SICO.v SICOF) is stepping beyond restart prep at Cusi and into aggressive expansion mode, targeting major step-outs at San Juan and district-scale upside across a largely underexplored vein system: Posted on behalf of Silverco Mining – Aggressive 30,000m Drill Campaign Commenced at Cusi Mine $SICO.v $SICOF

Amid a fully funded 30,000m exploration program at its 100%-owned Mine, @SilvercoMining is targeting a potential restart in H2 2026 & significant resource expansion.… https://t.co/hFFDWHD7qD pic.twitter.com/ZotwHPkmND— Brian (@BriansWealth) March 31, 2026

Posted on behalf of Silverco Mining – Amid a fully funded 30,000m 2026 exploration program at its 100%-owned Cusi Mine, Silverco Mining (SICO.v) is targeting both a potential restart in H2 2026 and significant resource expansion: https://www.silvercomining.com/news-releases/silverco-mining-commences-30000-meter-2026-drill-program-at-cusi-targeting-massive-step-out-potential-and-regional-blue-sky-prospects

This program is designed to potentially expand the current resource base by targeting a significant extension of the San Juan vein system, while also supporting a near-term restart alongside longer-term discovery upside.