Impact Silver Corp (QB) (ISVLF)

IMPACT Silver Announces Q1 2026 Financial Results with Revenue Nearly Tripling to $31.2 Million and Record Net Income of $11.3 Million

https://www.newsfilecorp.com/release/298086/IMPACT-Silver-Announces-Q1-2026-Financial-Results-with-Revenue-Nearly-Tripling-to-31.2-Million-and-Record-Net-Income-of-11.3-Million

May 20, 2026 7:30 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to report financial and operating results for the first quarter ended March 31, 2026.

Revenue increased to $31.2 million, nearly three times $10.7 million in Q1 2025, driven by higher silver prices, higher grades, and increased mill throughput at the Zacualpan Silver Operation.

Gross profit grew almost ten-fold to $20.3 million, from $2.2 million in Q1 2025.

Net income for the quarter was $11.3 million, or $0.03 per share, marking a return to profitability following a net loss of $0.1 million in Q1 2025.

At quarter-end, IMPACT held $45.3 million in cash, $4.0 million in guaranteed investment certificates ("GICs"), working capital of $48.0 million, and carried no long-term debt.

Fred Davidson, President & CEO of IMPACT, stated, "This is the kind of quarter we have been working toward for a long time. Revenue nearly tripled, gross profit grew almost tenfold, and we delivered our strongest quarterly net income in the history of the Company — all while continuing to invest in development and exploration. The silver price environment is clearly part of the story, but the bigger story is what is happening on the ground at Zacualpan: higher grades, higher throughput, and the meaningful contribution from our newly developed Kena Vein. At Plomosas, we reduced expenditures by making the disciplined decision to temporarily suspend underground mining while we work toward a more efficient and sustainable operating plan, and we are in advanced-stage discussions on toll-milling arrangements with nearby third-party operators that we believe can generate cash flow during the suspension. IMPACT is in the strongest financial position in its history, with the resources to optimize Zacualpan, advance Plomosas, and pursue new opportunities in Mexico."

Q1 2026 Review

Zacualpan Silver-Lead-Zinc Operation

Revenue from Zacualpan increased to $29.3 million in Q1 2026 from $7.2 million in Q1 2025 on realized silver prices of $77.91 per ounce, compared to $$31.51 per ounce in Q1 2025. Operating expenses at Zacualpan were $6.7 million in Q1 2026, up from $4.8 million in Q1 2025 on higher throughput, underground development expenses, and inflationary pressures. Gross profit from Zacualpan rose to $22.3 million, compared to $2.2 million in the same period last year.

In Q1 2026, the Guadalupe mill processed 37,922 tonnes of mill feed at the Zacualpan/Guadalupe complex, representing an 8% increase from 35,012 tonnes in Q1 2025. Silver production at the Guadalupe complex totaled 268,470 ounces in Q1 2026, an 80% increase from 149,449 ounces in the same period last year, with the average silver grade increasing 60% to 251 grams per tonne ("g/t").

Subsequent to quarter end, IMPACT reported initial drill results from the north extension of the Carlos Pacheco Vein, including 114.5 g/t gold, 1,295 g/t silver and 1.10% copper over 0.61 metres within 9.79 g/t gold, 212 g/t silver and 0.29% copper over 9.49 metres (see IMPACT news release dated April 21, 2026).

Plomosas Zinc-Lead-Silver Operation

Plomosas revenue in Q1 2026 was $1.8 million, compared to $3.5 million in Q1 2025, with the operation recording a gross loss of $2.0 million for the quarter (Q1 2025 – gross loss of $0.03 million).

In Q1 2026, the Plomosas mill processed 10,692 tonnes, down 25% from 14,265 tonnes in Q1 2025. Average grades in Q1 2026 were 7.6% zinc, 6.0% lead, and 52.1 g/t silver. Sales for the quarter totaled 500 tonnes of zinc, 157 tonnes of lead, and 7,020 ounces of silver.

On March 20, 2026, the Company announced a temporary suspension of underground mining at Plomosas, effective at the end of March 2026, while it works toward a more efficient and sustainable operating plan. The decision followed a detailed assessment of underground operations, production rates, grade and cost performance, which identified that development intensity and variability in grade and tonnage had impacted cost efficiency and operational consistency.

During the suspension period, the Company will focus on updating the geological model, optimizing and redesigning the mine plan and development, and continuing exploration both underground and on the surface, including targets at Mina Juarez, Mina Mexico, Alfoncitos, and the La Chona Au-Cu target. The Company has acquired a second underground drill rig to support the programs.

Outlook

Management believes IMPACT is well positioned as an established intermediate producer, offering investors leveraged exposure to silver in a strong commodity price environment, supported by a debt-free, cash-rich balance sheet and a strong working capital position.

At Zacualpan, the Company plans to shift the production mix toward higher-grade silver vein systems, including the new Kena vein in the Guadalupe Mine, while advancing development at the recently restarted Noche Buena-Carlos Pacheco mine and pending development of the new San Ramon SE Deeps area. A focused program of definition and step-out drilling is expected to provide additional feed from the San Ramon, Carlos Pacheco, Noche Buena, and Guadalupe mines.

At Plomosas, the Company is pursuing additional mill feed with nearby third-party operators while advancing surface and underground exploration on the underexplored 3,019-hectare property. The Company believes the property and underlying geology remain its prime asset and continues to view the district as offering exploration upside along the prospective 6-kilometre structure.

The Company's strong working capital position provides the flexibility to expand exploration programs, optimize production at Zacualpan, advance development at Plomosas, and actively evaluate new opportunities, primarily in the Mexican market.

A recorded conference call reviewing the financial and production results of the quarter ended March 31, 2026 will be available on the Company website on May 20th, 2026 at https://impactsilver.com/media/conference-calls/.

The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR+ at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the Zacualpan project in central Mexico, where multiple producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million ounces silver, 48 million lbs zinc and 21 million lbs lead in 1,786,000 tonnes grading 79g/t Ag, 1.22% Zn and 0.54% Pb (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage current high commodity prices.. Since 2006, IMPACT has produced over 14 million ounces of silver at Zacualpan, generating revenue of more than $352 million, with no long-term debt.

Plomosas Zinc-Lead-Silver District: Plomosas is a zinc (lead-silver) property in northern Mexico with exploration upside potential for zinc-lead-silver along a prospective 6-kilometre structure as well as untested copper-gold targets with indications of high grade at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., a Director and VP Exploration of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
VP Finance | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 867-7909 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release contains forward-looking statements or forward-looking information relating to IMPACT (collectively, "forward-looking information"). Forward-looking information is often, but not always, identified by the use of words such as "plan", "expect", "project", "predict", "potential", "targeting", "intend", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this News Release includes information concerning, among other things, strategies, plans and expectations concerning the Company's, business and operations, including those in respect of the Zacualpan, Plomosas, Capire and other projects, and the anticipated outcomes thereof; the status and potential outcomes of discussions with third parties regarding potential operational arrangements on nearby mining projects and the Company's outlook in respect of the metals market, including the demand for silver and zinc. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievement expressed or implied by these forward-looking statements. The forward-looking information in this News Release is based on the beliefs and assumptions of IMPACT management considered reasonable as of the date hereof, including but not limited to the assumption that the temporary suspension and continued exploration work at Plomosas will produce the expected results; that the Company's development, exploration and other business activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or health and safety risks; that management's projections will be validated over time; and general business and economic conditions will not change in a materially adverse manner. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

Factors that could cause actual results to differ materially include, but are not limited to, the following: unfavorable economic conditions; changes in financial markets; the impact of exchange rate fluctuations; unstable political conditions and developments in countries in which the Company operates; community relations; criminal activity; changes in the supply, demand and pricing of the metal commodities which the Company mines or hopes to find and successfully mine; changes in regulatory requirements impacting the Company's operations; pandemics and epidemics; the ability to properly and efficiently staff the Company's operations; the sufficiency of current working capital; the estimated cost and availability of funding for the continued exploration and development of the Company's exploration properties; and other risks and uncertainties involved in the mineral exploration and development industry. This list is not exhaustive and these and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law. Additional information relating to IMPACT is on the Company website at www.IMPACTSilver.com and on SEDAR at www.sedarplus.ca.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707
www.impactsilver.com
Twitter
LinkedIn

Source: IMPACT Silver Corp.

IMPACT Silver Announces Q1 2026 Financial Results with Revenue Nearly Tripling to $31.2 Million and Record Net Income of $11.3 MillionMay 20, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to report financial and operating results for the first quarter ended March 31, 2026.Revenue increased to $31.2 million, nearly three times $10.7 million in Q1 2025, driven by higher silver prices, higher grades, and increased mill throughput at the Zacualpan Silver Operation. Gross profit grew almost ten-fold to $20.3 million, from $2.2 million in Q1 2025. Net income for the quarter was $11.3 million, or $0.03 per share, marking a return to profitability following a net loss of $0.1 million in Q1 2025. At quarter-end, IMPACT held $45.3 million in cash, $4.0 million in guaranteed investment certificates ("GICs"), working capital of $48.0 million, and carried no long-term debt.Fred Davidson, President & CEO of IMPACT, stated, "This is the kind of quarter we have been working toward for a long time. Revenue nearly tripled, gross profit grew almost tenfold, and we delivered our strongest quarterly net income in the history of the Company — all while continuing to invest in development and exploration. The silver price environment is clearly part of the story, but the bigger story is what is happening on the ground at Zacualpan: higher grades, higher throughput, and the meaningful contribution from our newly developed Kena Vein. At Plomosas, we reduced expenditures by making the disciplined decision to temporarily suspend underground mining while we work toward a more efficient and sustainable operating plan, and we are in advanced-stage discussions on toll-milling arrangements with nearby third-party operators that we believe can generate cash flow during the suspension. IMPACT is in the strongest financial position in its history, with the resources to optimize Zacualpan, advance Plomosas, and pursue new opportunities in Mexico."Q1 2026 ReviewZacualpan Silver-Lead-Zinc OperationRevenue from Zacualpan increased to $29.3 million in Q1 2026 from $7.2 million in Q1 2025 on realized silver prices of $77.91 per ounce, compared to $$31.51 per ounce in Q1 2025. Operating expenses at Zacualpan were $6.7 million in Q1 2026, up from $4.8 million in Q1 2025 on higher throughput, underground development expenses, and inflationary pressures. Gross profit from Zacualpan rose to $22.3 million, compared to $2.2 million in the same period last year.In Q1 2026, the Guadalupe mill processed 37,922 tonnes of mill feed at the Zacualpan/Guadalupe complex, representing an 8% increase from 35,012 tonnes in Q1 2025. Silver production at the Guadalupe complex totaled 268,470 ounces in Q1 2026, an 80% increase from 149,449 ounces in the same period last year, with the average silver grade increasing 60% to 251 grams per tonne ("g/t"). Subsequent to quarter end, IMPACT reported initial drill results from the north extension of the Carlos Pacheco Vein, including 114.5 g/t gold, 1,295 g/t silver and 1.10% copper over 0.61 metres within 9.79 g/t gold, 212 g/t silver and 0.29% copper over 9.49 metres (see IMPACT news release dated April 21, 2026).Plomosas Zinc-Lead-Silver OperationPlomosas revenue in Q1 2026 was $1.8 million, compared to $3.5 million in Q1 2025, with the operation recording a gross loss of $2.0 million for the quarter (Q1 2025 – gross loss of $0.03 million).In Q1 2026, the Plomosas mill processed 10,692 tonnes, down 25% from 14,265 tonnes in Q1 2025. Average grades in Q1 2026 were 7.6% zinc, 6.0% lead, and 52.1 g/t silver. Sales for the quarter totaled 500 tonnes of zinc, 157 tonnes of lead, and 7,020 ounces of silver. On March 20, 2026, the Company announced a temporary suspension of underground mining at Plomosas, effective at the end of March 2026, while it works toward a more efficient and sustainable operating plan. The decision followed a detailed assessment of underground operations, production rates, grade and cost performance, which identified that development intensity and variability in grade and tonnage had impacted cost efficiency and operational consistency.During the suspension period, the Company will focus on updating the geological model, optimizing and redesigning the mine plan and development, and continuing exploration both underground and on the surface, including targets at Mina Juarez, Mina Mexico, Alfoncitos, and the La Chona Au-Cu target. The Company has acquired a second underground drill rig to support the programs.OutlookManagement believes IMPACT is well positioned as an established intermediate producer, offering investors leveraged exposure to silver in a strong commodity price environment, supported by a debt-free, cash-rich balance sheet and a strong working capital position.At Zacualpan, the Company plans to shift the production mix toward higher-grade silver vein systems, including the new Kena vein in the Guadalupe Mine, while advancing development at the recently restarted Noche Buena-Carlos Pacheco mine and pending development of the new San Ramon SE Deeps area. A focused program of definition and step-out drilling is expected to provide additional feed from the San Ramon, Carlos Pacheco, Noche Buena, and Guadalupe mines.At Plomosas, the Company is pursuing additional mill feed with nearby third-party operators while advancing surface and underground exploration on the underexplored 3,019-hectare property. The Company believes the property and underlying geology remain its prime asset and continues to view the district as offering exploration upside along the prospective 6-kilometre structure.The Company's strong working capital position provides the flexibility to expand exploration programs, optimize production at Zacualpan, advance development at Plomosas, and actively evaluate new opportunities, primarily in the Mexican market.A recorded conference call reviewing the financial and production results of the quarter ended March 31, 2026 will be available on the Company website on May 20th, 2026 at https://impactsilver.com/media/conference-calls/. The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR+ at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.ABOUT IMPACT SILVERIMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the Zacualpan project in central Mexico, where multiple producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million ounces silver, 48 million lbs zinc and 21 million lbs lead in 1,786,000 tonnes grading 79g/t Ag, 1.22% Zn and 0.54% Pb (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage current high commodity prices.. Since 2006, IMPACT has produced over 14 million ounces of silver at Zacualpan, generating revenue of more than $352 million, with no long-term debt.Plomosas Zinc-Lead-Silver District: Plomosas is a zinc (lead-silver) property in northern Mexico with exploration upside potential for zinc-lead-silver along a prospective 6-kilometre structure as well as untested copper-gold targets with indications of high grade at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.Qualified Person and NI 43-101 DisclosureGeorge Gorzynski, P.Eng., a Director and VP Exploration of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEOFor more information, please contact:
Jerry Huang
VP Finance | Investor Relations
(604) 664-7707 or inquiries @mq32 DirectNeither 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.Forward-Looking and Cautionary StatementsThis IMPACT News Release contains forward-looking statements or forward-looking information relating to IMPACT (collectively, "forward-looking information"). Forward-looking information is often, but not always, identified by the use of words such as "plan", "expect", "project", "predict", "potential", "targeting", "intend", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this News Release includes information concerning, among other things, strategies, plans and expectations concerning the Company's, business and operations, including those in respect of the Zacualpan, Plomosas, Capire and other projects, and the anticipated outcomes thereof; the status and potential outcomes of discussions with third parties regarding potential operational arrangements on nearby mining projects and the Company's outlook in respect of the metals market, including the demand for silver and zinc. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievement expressed or implied by these forward-looking statements. The forward-looking information in this News Release is based on the beliefs and assumptions of IMPACT management considered reasonable as of the date hereof, including but not limited to the assumption that the temporary suspension and continued exploration work at Plomosas will produce the expected results; that the Company's development, exploration and other business activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or health and safety risks; that management's projections will be validated over time; and general business and economic conditions will not change in a materially adverse manner. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.Factors that could cause actual results to differ materially include, but are not limited to, the following: unfavorable economic conditions; changes in financial markets; the impact of exchange rate fluctuations; unstable political conditions and developments in countries in which the Company operates; community relations; criminal activity; changes in the supply, demand and pricing of the metal commodities which the Company mines or hopes to find and successfully mine; changes in regulatory requirements impacting the Company's operations; pandemics and epidemics; the ability to properly and efficiently staff the Company's operations; the sufficiency of current working capital; the estimated cost and availability of funding for the continued exploration and development of the Company's exploration properties; and other risks and uncertainties involved in the mineral exploration and development industry. This list is not exhaustive and these and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law. Additional information relating to IMPACT is on the Company website at www.IMPACTSilver.com and on SEDAR at www.sedarplus.ca. The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707
www.impactsilver.com
Twitter
LinkedInTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/298086 Original: IMPACT Silver Announces Q1 2026 Financial Results with Revenue Nearly Tripling to $31.2 Million and Record Net Income of $11.3 Million

IMPACT Silver Intersects 114.5 g/t Gold, 1,295 g/t Silver and 1.10% Copper over 0.61m Within 9.79 g/t Gold, 212 g/t Silver and 0.29% Copper over 9.49m on Carlos Pacheco Vein Extension at Noche Buena Mine

https://www.newsfilecorp.com/release/293518/IMPACT-Silver-Intersects-114.5-gt-Gold-1295-gt-Silver-and-1.10-Copper-over-0.61m-Within-9.79-gt-Gold-212-gt-Silver-and-0.29-Copper-over-9.49m-on-Carlos-Pacheco-Vein-Extension-at-Noche-Buena-Mine

April 21, 2026 9:00 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL

IMPACT Silver Intersects 114.5 g/t Gold, 1,295 g/t Silver and 1.10% Copper over 0.61m Within 9.79 g/t Gold, 212 g/t Silver and 0.29% Copper over 9.49m on Carlos Pacheco Vein Extension at Noche Buena MineApril 21, 2026 9:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce new drill results on the north extension of the Carlos Pacheco Vein System at its producing Noche Buena gold-silver mine located 4km southwest of its Guadalupe mill in the Royal Mines of Zacualpan District, Mexico. CARLOS PACHECO VEIN NORTH EXTENSION DRILL RESULTS Surface drilling intersected significant mineralization on the Carlos Pacheco Veins north extension as follows:TABLE 1: CARLOS PACHECO VEIN DRILL RESULTS Hole No.From
(metres)To
(metres)Interval
(metres)Est. True
Width (m)Gold
(g/t)Silver
(g/t)Lead
(%)Zinc
(%)Copper
(%)Z25-0195.4096.751.351.130.291460.020.280.04Z25-02124.26124.800.540.331.20280.030.040.27Z25-03145.40147.151.750.794.53460.110.260.12Z25-04128.85130.401.551.241.25220.110.460.12Z25-05159.85161.151.300.690.601630.100.230.01Z25-06210.15215.355.201.954.83430.020.060.76Including210.15212.302.150.817.63450.040.130.83Z25-07205.95208.002.051.820.07130.020.060.11Z25-08Drill hole stopped short of Carlos Pacheco Vein, no samples collected.Z25-09119.05120.081.030.861.26870.681.440.01Z25-10137.20137.500.300.271.53943.756.200.08Z25-11115.05117.502.452.233.741160.421.000.02Including116.30117.501.201.095.921660.641.650.03Z25-1293.7598.604.854.243.67760.140.270.00Including95.7597.651.901.667.601090.260.470.00Including95.7596.700.950.838.421310.360.600.01Z26-0195.3095.750.450.350.7590.040.190.16Z26-0236.6538.151.501.311.63560.901.940.26Including37.3538.150.800.702.44721.252.310.24Z26-03Drill hole crossed Carlos Pacheco Vein in weathered oxide zone, no samples collected.Z26-0488.6090.201.600.980.253130.200.310.03And96.08111.6015.529.499.752121.372.120.29Including101.80111.609.806.0015.113061.862.800.40Including106.85111.604.752.9130.645092.723.480.70Including108.80111.602.801.7149.847481.953.420.91Including109.75110.751.000.61114.501,2952.755.041.10Z26-05105.30106.601.300.724.033360.210.330.02Z26-06159.20159.900.700.611.67580.543.150.32 Surface drill results reported in this news release tested the north extension of the Carlos Pacheco Vein and its splay veins for 150m north of the active mine workings. This 150m well mineralized segment trends NNW. Beyond that the vein bends toward a NW direction where three drill holes (Z25-13, 14, 15) did not intersect any significant mineralization. However, further north beyond drill hole Z25-15, drill hole Z26-02 intersected significant assays and additional drilling is planned. NOCHE BUENA MINEIn late 2025, IMPACT restarted the Noche Buena Mine where previous mining sourced mineral from two veins - the Noche Buena silver vein and the Carlos Pacheco gold-silver vein - and began mapping and drilling of the north extensions of the Carlos Pacheco Vein. Current production is from the Carlos Pacheco Vein System.CEO STATEMENTPresident and CEO Fred Davidson commented, "We are very pleased with these new high-grade gold and silver drill results on the extension of the Carlos Pacheco Vein System north of where we recently restarted mining. This mine has two different veins, the Noche Buena Vein from which we mine silver and the nearby Carlos Pacheco Vein System where we have begun to mine gold as well as silver. We are also encouraged by the significant copper values in this north extension and with additional exploration success, may consider mining copper as well. All in all, an excellent first phase to the drill program and to the benefit of our Noche Buena Mine."ABOUT IMPACT SILVERIMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two projects in Mexico. Royal Mines of Zacualpan Silver-Gold Mine: IMPACT owns 100% of over 200 km2 of highly prospective ground at Zacualpan in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine which is being reviewed for a potential restart of operations. Over the past 20 years, IMPACT has developed multiple exploration zones into commercial production and has produced approximately 14 million ounces of silver, generating revenue of more than $322 million, with no long-term debt.Plomosas Zinc Project: Plomosas is a high-grade zinc project in northern Mexico with exploration upside potential. In March 2026, the Company temporarily suspended mining operations at Plomosas while it works toward a more efficient and sustainable operating plan. Exploration potential at Plomosas lies along a long 6 km structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world. Quality Control/Quality AssuranceDrill core was NTW size (5.71 cm diameter). Half core samples were collected with a rock saw and tagged for identification. All samples were securely stored at the Zacualpan Mine until shipment. A total of 5% certified assay standards and 5% blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2 mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay. These pulps were shipped to the ALS laboratory in North Vancouver, Canada, where a 10 gram split was aqua regia digested and then analyzed for 36 elements including zinc, lead and silver by ICP-AES spectrometry (ALS code ME-ICP41). Assays for base metals >1% used an overlimit ICP-AES method (ALS code OG46). All gold results were carried out by standard fire assay with an AAS finish (ALS code Au-AA23). ALS is a major, independent, international ISO/IEC 17025 accredited laboratory.Qualified Person and NI 43-101 DisclosureSilvia Kohler, P. Geo., a Senior Geologist employed by IMPACT Silver Corp. and a "Qualified Person" within the meaning of NI-43101, approved the technical information contained in this news release.Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.On behalf of IMPACT Silver Corp."Frederick W. Davidson"President & CEOFor more information, please contact:
Jerry Huang
VP Finance, Investor Relations
O: (604) 664 7707 or inquiries@impactsilver.com
C: (778) 867 7909 DirectNeither 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.Forward-Looking and Cautionary StatementsThis News Release contains forward-looking statements or forward-looking information relating to IMPACT (collectively, "forward-looking information"). Forward-looking information is often, but not always, identified by the use of words such as "plan", "expect", "project", "predict", "potential", "targeting", "intend", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this News Release includes information concerning, among other things, strategies, plans and expectations concerning the Company's, business and operations, including those in respect of the Zacualpan, Plomosas, Capire and other projects, and the anticipated outcomes thereof; the status and potential outcomes of discussions with third parties regarding potential operational arrangements on nearby mining projects and the Company's outlook in respect of the metals market, including the demand for silver and zinc. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievement expressed or implied by these forward-looking statements. The forward-looking information in this News Release is based on the beliefs and assumptions of IMPACT management considered reasonable as of the date hereof, including but not limited to the assumption that the temporary suspension and continued exploration work at Plomosas will produce the expected results; that the Company's development, exploration and other business activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or health and safety risks; that management's projections will be validated over time; and general business and economic conditions will not change in a materially adverse manner. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.Factors that could cause actual results to differ materially include, but are not limited to, the following: unfavorable economic conditions; changes in financial markets; the impact of exchange rate fluctuations; unstable political conditions and developments in countries in which the Company operates; community relations; criminal activity; changes in the supply, demand and pricing of the metal commodities which the Company mines or hopes to find and successfully mine; changes in regulatory requirements impacting the Company's operations; pandemics and epidemics; the ability to properly and efficiently staff the Company's operations; the sufficiency of current working capital; the estimated cost and availability of funding for the continued exploration and development of the Company's exploration properties; and other risks and uncertainties involved in the mineral exploration and development industry. This list is not exhaustive and these and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law. The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone 604 664-7707
www.impactsilver.com
X (Twitter)
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Original: IMPACT Silver Intersects 114.5 g/t Gold, 1,295 g/t Silver and 1.10% Copper over 0.61m Within 9.79 g/t Gold, 212 g/t Silver and 0.29% Copper over 9.49m on Carlos Pacheco Vein Extension at Noche Buena Mine

IMPACT Silver Announces Full Year 2025 Results with Record Revenue and Strong Cash Position

https://www.newsfilecorp.com/release/292842/IMPACT-Silver-Announces-Full-Year-2025-Results-with-Record-Revenue-and-Strong-Cash-Position

April 16, 2026 8:00 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 16, 2026) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to announce its financial and operating results for the year ended December 31, 2025. IMPACT is a growing intermediate silver producer with a fully integrated presence across the value chain, encompassing production, development and exploration. In 2025, the Company benefited from strong commodity prices, improving grades and disciplined cost controls, further cementing its position as a significant silver producer within the extensive Royal Mines of Zacualpan mining district in Central Mexico.

The Company reported record revenue of $48.5 million in 2025, representing a substantial 52% increase compared to $31.9 million in FY 2024. Gross profit for Q4 2025 was $6.6 million, and $10.4 million in FY 2025, compared to $1.1 million in Q4 2024 and a loss of $2.2 million in FY 2024.

In Q4 2025, revenue from the Zacualpan silver complex generated $15.1 million, a 129% increase compared to Q4 2024, on higher metal prices and improving grades. Gross profit increased to $8.6 million from $1.1 million over the same period at the operation.

At the end of 2025, the Company had cash of $23.7 million, and $4.0 million invested in guaranteed investment certificates with strong working capital of $31.7 million. The Company has no long term debt.

In Q4 2025, there was an indicator of under performance at the Plomosas Zinc Mine, and following an impairment test a $8.8 million impairment loss was recognized. Subsequent to year end, the Company elected to temporarily suspend underground mining at Plomosas while it works toward a more efficient and sustainable operating plan. The Company is in advanced-stage discussions with a nearby third-party mining company to utilize the Plomosas processing plant during the suspension period to generate cash flows.

During the suspension, the Company will continue advancing exploration both underground and at surface across the approximately 6-kilometre prospective trend, as well as focusing on optimizing the mine and geological plans, with the objective of supporting a sustainable restart over the coming quarters. This work is expected to better define higher-quality mineralization and test new exploration targets to support a more robust and better-defined restart. The suspension is also expected to reduce operating costs, preserve capital and improve overall capital efficiency until Plomosas can be restarted under a new sustainable operating plan.

With a strong cash position, and continued positive cash flow from its Zacualpan operations, the Company is well positioned for this transition.

After recording the non-cash impairment loss of $8.8 million from Plomosas, and $1.2 million for share-based compensation expense, the net loss YTD 2025 was $10.3 million (the loss before income taxes was $8.3 million), compared to a net loss of $9.8 million in 2024.

Fred Davidson, President & CEO of IMPACT, stated, "2025 proved to be a milestone year for the Company. Strengthening metal prices combined with years of sustained exploration activity began to pay dividends at our Zacualpan silver-lead-zinc mining complex, where improving grades and disciplined cost management drove record revenue and profitability. Underpinned by a strong, cash-rich balance sheet with no long-term debt, our continued investment in exploration positions the Company well to capitalize on favourable macroeconomic tailwinds while maintaining an efficient production platform.

At the same time, we made the difficult but necessary decision to suspend operations at the Plomosas complex. Substantial work has been put in place to reduce its drag on the Company's overall financial performance, and we have identified several promising alternatives that we expect will meaningfully benefit the operation and financial performance of the Company in 2026."

2025 PRODUCTION OVERVIEW — ZACUALPAN PROJECT (SILVER-LEAD-ZINC)

Silver production in 2025 was 635,778 ounces (2024 - 595,264 ounces). In Q4 2025 silver production improved 17% to 190,253 ounces over Q4 2024.
YTD 2025 tonnes milled increased 5% to 143,192.
Revenue per tonne sold improved 60% in 2025 compared to 2024, and by 107% to $391.28 in Q4 2025 compared to $189.34 in Q4 2024.
Direct cost per tonne milled increased in 2025 to $153.87 from 143.80 in 2024, and to $156.49 from $146.09 in Q4 2025.
Silver sales in 2025 were 636,267 compared to 592,844 ounces in 2024. Silver sales in Q4 2025 of 190,733 ounces improved by 25% over 152,552 ounces in Q4 2024.
Average mill feed silver grade in Q4 2025 improved 9% to 179 grams per tonne (Q4 2024 - 164 grams per tonne). YTD 2025 the grade was 163 grams per tonne up 1% over 2024.

Looking ahead, mine management plans to shift the production mix toward higher-grade silver vein systems, including the new Kena vein, which was announced in 2024. With the recent increase in the price of silver, the Company is also reviewing areas of slightly lower grades to incrementally add to production. Additionally, a focused program of definition and step-out drilling is expected to provide additional feed from the San Ramon, Carlos Pacheco, Noche Buena and Guadalupe mines.

PLOMOSAS PROJECT

Following the acquisition of the Plomosas high grade zinc-lead-silver mine in April 2023, the Company embarked on an aggressive rehabilitation program to bring the mine back online.

In Q4 2025, despite a number of operating issues that impacted production including local poor ground conditions which caused the relocation of the mine's decline, the mine was able to produce 9,171 tonnes at an average grade of 8.3% Zn, 4.7% Pb and 34.0 g/t Ag, bringing the YTD mill throughput to 46,875 tons, representing a 20% increase over YTD 2024 production.

Under the current mine plan, continued mining was not expected to deliver sustainable economic results without requirements for additional development capital. As a result, the Company has elected to temporarily suspend underground mining while it works toward a more efficient and sustainable operating plan. In Q1 2026, the Company entered into discussions with other nearby mining companies where their mill feed could be processed in the Plomosas mill to generate cash flows. During the suspension period, the Company will focus on updating its geological model, as well as optimizing and redesigning the mine plan and development, and will continue exploration underground, as well as surface exploration on the balance of its property, including pursuing a number of mineralized targets including Mina Juarez, Mine Mexico, Alfoncitos and the La Chona Au-Cu target.

GOING FORWARD

Management believes the Company is well positioned to capitalize on years of disciplined exploration activity, rigorous cost controls, and operational efficiencies, all against a backdrop of strengthening commodity prices. At the flagship Zacualpan silver-lead-zinc property, higher-grade production combined with continued investment in the exploration and development of recently discovered high-grade vein systems is expected to drive sustained financial performance, as reflected in the Q4 2025 segmented results.

Efforts are also ongoing to optimize gold production through a multi-mine feed strategy across the property, while management continues to evaluate strategic options for the historic Capire open-pit silver mine to capitalize on favourable silver market conditions.

Underpinned by a strong balance sheet, 2026 is positioned to build on a solid foundation, advancing shareholder value through improved grades, increased production, and continued exploration success.

A recorded conference call reviewing the financial and production results of the year ended December 31, 2025 will be available on the Company website on April 17, 2026 at www.impactsilver.com/s/ConferenceCalls.asp.

The information in this news release should be read in conjunction with the Company's audited condensed consolidated Financial Statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two projects in Mexico.

Royal Mines of Zacualpan Silver-Gold Mine: IMPACT owns 100% of over 200 km2 of highly prospective ground at Zacualpan in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine where which is being reviewed for a potential restart of operations. Over the past 20 years, IMPACT has developed multiple exploration zones into commercial production and has produced approximately 14 million ounces of silver, generating revenue of more than $322 million, with no long-term debt.

Plomosas Zinc Project: Plomosas is a high-grade zinc project in northern Mexico with exploration upside potential. The Company has temporarily suspended mining operations while it works toward a more efficient and sustainable operating plan. Exploration potential at Plomosas lies along a long 6 km structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
VP Finance | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release contains forward-looking statements or forward-looking information relating to IMPACT (collectively, "forward-looking information"). Forward-looking information is often, but not always, identified by the use of words such as "plan", "expect", "project", "predict", "potential", "targeting", "intend", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this News Release includes information concerning, among other things, strategies, plans and expectations concerning the Company's, business and operations, including those in respect of the Zacualpan, Plomosas, Capire and other projects, and the anticipated outcomes thereof; the status and potential outcomes of discussions with third parties regarding potential operational arrangements on nearby mining projects and the Company's outlook in respect of the metals market, including the demand for silver and zinc. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievement expressed or implied by these forward-looking statements. The forward-looking information in this News Release is based on the beliefs and assumptions of IMPACT management considered reasonable as of the date hereof, including but not limited to the assumption that the temporary suspension and continued exploration work at Plomosas will produce the expected results; that the Company's development, exploration and other business activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or health and safety risks; that management's projections will be validated over time; and general business and economic conditions will not change in a materially adverse manner. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

Factors that could cause actual results to differ materially include, but are not limited to, the following: unfavorable economic conditions; changes in financial markets; the impact of exchange rate fluctuations; unstable political conditions and developments in countries in which the Company operates; community relations; criminal activity; changes in the supply, demand and pricing of the metal commodities which the Company mines or hopes to find and successfully mine; changes in regulatory requirements impacting the Company's operations; pandemics and epidemics; the ability to properly and efficiently staff the Company's operations; the sufficiency of current working capital; the estimated cost and availability of funding for the continued exploration and development of the Company's exploration properties; and other risks and uncertainties involved in the mineral exploration and development industry. This list is not exhaustive and these and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law. Additional information relating to IMPACT is on the Company website at www.IMPACTSilver.com and on SEDAR at www.sedarplus.ca.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707 www.impactsilver.com
Twitter
LinkedIn

Source: IMPACT Silver Corp.

IMPACT Silver Announces Full Year 2025 Results with Record Revenue and Strong Cash PositionApril 16, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 16, 2026) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to announce its financial and operating results for the year ended December 31, 2025. IMPACT is a growing intermediate silver producer with a fully integrated presence across the value chain, encompassing production, development and exploration. In 2025, the Company benefited from strong commodity prices, improving grades and disciplined cost controls, further cementing its position as a significant silver producer within the extensive Royal Mines of Zacualpan mining district in Central Mexico.The Company reported record revenue of $48.5 million in 2025, representing a substantial 52% increase compared to $31.9 million in FY 2024. Gross profit for Q4 2025 was $6.6 million, and $10.4 million in FY 2025, compared to $1.1 million in Q4 2024 and a loss of $2.2 million in FY 2024.In Q4 2025, revenue from the Zacualpan silver complex generated $15.1 million, a 129% increase compared to Q4 2024, on higher metal prices and improving grades. Gross profit increased to $8.6 million from $1.1 million over the same period at the operation.At the end of 2025, the Company had cash of $23.7 million, and $4.0 million invested in guaranteed investment certificates with strong working capital of $31.7 million. The Company has no long term debt.In Q4 2025, there was an indicator of under performance at the Plomosas Zinc Mine, and following an impairment test a $8.8 million impairment loss was recognized. Subsequent to year end, the Company elected to temporarily suspend underground mining at Plomosas while it works toward a more efficient and sustainable operating plan. The Company is in advanced-stage discussions with a nearby third-party mining company to utilize the Plomosas processing plant during the suspension period to generate cash flows. During the suspension, the Company will continue advancing exploration both underground and at surface across the approximately 6-kilometre prospective trend, as well as focusing on optimizing the mine and geological plans, with the objective of supporting a sustainable restart over the coming quarters. This work is expected to better define higher-quality mineralization and test new exploration targets to support a more robust and better-defined restart. The suspension is also expected to reduce operating costs, preserve capital and improve overall capital efficiency until Plomosas can be restarted under a new sustainable operating plan.With a strong cash position, and continued positive cash flow from its Zacualpan operations, the Company is well positioned for this transition. After recording the non-cash impairment loss of $8.8 million from Plomosas, and $1.2 million for share-based compensation expense, the net loss YTD 2025 was $10.3 million (the loss before income taxes was $8.3 million), compared to a net loss of $9.8 million in 2024.Fred Davidson, President & CEO of IMPACT, stated, "2025 proved to be a milestone year for the Company. Strengthening metal prices combined with years of sustained exploration activity began to pay dividends at our Zacualpan silver-lead-zinc mining complex, where improving grades and disciplined cost management drove record revenue and profitability. Underpinned by a strong, cash-rich balance sheet with no long-term debt, our continued investment in exploration positions the Company well to capitalize on favourable macroeconomic tailwinds while maintaining an efficient production platform.At the same time, we made the difficult but necessary decision to suspend operations at the Plomosas complex. Substantial work has been put in place to reduce its drag on the Company's overall financial performance, and we have identified several promising alternatives that we expect will meaningfully benefit the operation and financial performance of the Company in 2026."2025 PRODUCTION OVERVIEW — ZACUALPAN PROJECT (SILVER-LEAD-ZINC)Silver production in 2025 was 635,778 ounces (2024 - 595,264 ounces). In Q4 2025 silver production improved 17% to 190,253 ounces over Q4 2024. YTD 2025 tonnes milled increased 5% to 143,192.Revenue per tonne sold improved 60% in 2025 compared to 2024, and by 107% to $391.28 in Q4 2025 compared to $189.34 in Q4 2024. Direct cost per tonne milled increased in 2025 to $153.87 from 143.80 in 2024, and to $156.49 from $146.09 in Q4 2025.Silver sales in 2025 were 636,267 compared to 592,844 ounces in 2024. Silver sales in Q4 2025 of 190,733 ounces improved by 25% over 152,552 ounces in Q4 2024.Average mill feed silver grade in Q4 2025 improved 9% to 179 grams per tonne (Q4 2024 - 164 grams per tonne). YTD 2025 the grade was 163 grams per tonne up 1% over 2024. Looking ahead, mine management plans to shift the production mix toward higher-grade silver vein systems, including the new Kena vein, which was announced in 2024. With the recent increase in the price of silver, the Company is also reviewing areas of slightly lower grades to incrementally add to production. Additionally, a focused program of definition and step-out drilling is expected to provide additional feed from the San Ramon, Carlos Pacheco, Noche Buena and Guadalupe mines.PLOMOSAS PROJECTFollowing the acquisition of the Plomosas high grade zinc-lead-silver mine in April 2023, the Company embarked on an aggressive rehabilitation program to bring the mine back online. In Q4 2025, despite a number of operating issues that impacted production including local poor ground conditions which caused the relocation of the mine's decline, the mine was able to produce 9,171 tonnes at an average grade of 8.3% Zn, 4.7% Pb and 34.0 g/t Ag, bringing the YTD mill throughput to 46,875 tons, representing a 20% increase over YTD 2024 production.Under the current mine plan, continued mining was not expected to deliver sustainable economic results without requirements for additional development capital. As a result, the Company has elected to temporarily suspend underground mining while it works toward a more efficient and sustainable operating plan. In Q1 2026, the Company entered into discussions with other nearby mining companies where their mill feed could be processed in the Plomosas mill to generate cash flows. During the suspension period, the Company will focus on updating its geological model, as well as optimizing and redesigning the mine plan and development, and will continue exploration underground, as well as surface exploration on the balance of its property, including pursuing a number of mineralized targets including Mina Juarez, Mine Mexico, Alfoncitos and the La Chona Au-Cu target. GOING FORWARDManagement believes the Company is well positioned to capitalize on years of disciplined exploration activity, rigorous cost controls, and operational efficiencies, all against a backdrop of strengthening commodity prices. At the flagship Zacualpan silver-lead-zinc property, higher-grade production combined with continued investment in the exploration and development of recently discovered high-grade vein systems is expected to drive sustained financial performance, as reflected in the Q4 2025 segmented results.Efforts are also ongoing to optimize gold production through a multi-mine feed strategy across the property, while management continues to evaluate strategic options for the historic Capire open-pit silver mine to capitalize on favourable silver market conditions.Underpinned by a strong balance sheet, 2026 is positioned to build on a solid foundation, advancing shareholder value through improved grades, increased production, and continued exploration success.A recorded conference call reviewing the financial and production results of the year ended December 31, 2025 will be available on the Company website on April 17, 2026 at www.impactsilver.com/s/ConferenceCalls.asp.The information in this news release should be read in conjunction with the Company's audited condensed consolidated Financial Statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.Qualified Person and NI 43-101 DisclosureGeorge Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release. ABOUT IMPACT SILVERIMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two projects in Mexico.Royal Mines of Zacualpan Silver-Gold Mine: IMPACT owns 100% of over 200 km2 of highly prospective ground at Zacualpan in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine where which is being reviewed for a potential restart of operations. Over the past 20 years, IMPACT has developed multiple exploration zones into commercial production and has produced approximately 14 million ounces of silver, generating revenue of more than $322 million, with no long-term debt.Plomosas Zinc Project: Plomosas is a high-grade zinc project in northern Mexico with exploration upside potential. The Company has temporarily suspended mining operations while it works toward a more efficient and sustainable operating plan. Exploration potential at Plomosas lies along a long 6 km structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEOFor more information, please contact:
Jerry Huang
VP Finance | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 DirectNeither 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.Forward-Looking and Cautionary StatementsThis IMPACT News Release contains forward-looking statements or forward-looking information relating to IMPACT (collectively, "forward-looking information"). Forward-looking information is often, but not always, identified by the use of words such as "plan", "expect", "project", "predict", "potential", "targeting", "intend", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this News Release includes information concerning, among other things, strategies, plans and expectations concerning the Company's, business and operations, including those in respect of the Zacualpan, Plomosas, Capire and other projects, and the anticipated outcomes thereof; the status and potential outcomes of discussions with third parties regarding potential operational arrangements on nearby mining projects and the Company's outlook in respect of the metals market, including the demand for silver and zinc. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievement expressed or implied by these forward-looking statements. The forward-looking information in this News Release is based on the beliefs and assumptions of IMPACT management considered reasonable as of the date hereof, including but not limited to the assumption that the temporary suspension and continued exploration work at Plomosas will produce the expected results; that the Company's development, exploration and other business activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or health and safety risks; that management's projections will be validated over time; and general business and economic conditions will not change in a materially adverse manner. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.Factors that could cause actual results to differ materially include, but are not limited to, the following: unfavorable economic conditions; changes in financial markets; the impact of exchange rate fluctuations; unstable political conditions and developments in countries in which the Company operates; community relations; criminal activity; changes in the supply, demand and pricing of the metal commodities which the Company mines or hopes to find and successfully mine; changes in regulatory requirements impacting the Company's operations; pandemics and epidemics; the ability to properly and efficiently staff the Company's operations; the sufficiency of current working capital; the estimated cost and availability of funding for the continued exploration and development of the Company's exploration properties; and other risks and uncertainties involved in the mineral exploration and development industry. This list is not exhaustive and these and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law. Additional information relating to IMPACT is on the Company website at www.IMPACTSilver.com and on SEDAR at www.sedarplus.ca. The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707 www.impactsilver.com
Twitter
LinkedInTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/292842
Original: IMPACT Silver Announces Full Year 2025 Results with Record Revenue and Strong Cash Position

IMPACT Silver Announces Temporary Suspension of Underground Mining at PlomosasMarch 20, 2026 4:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 20, 2026) -  IMPACT Silver Corp (TSXV: IPT) (OTCQB: ISVFL) (FSE: IKL) ("IMPACT" or the "Company") announces the temporary suspension of underground mining operations at its Plomosas Mine in Chihuahua State, Mexico following a review of recent operating performance and cost structure. The decision reflects management's disciplined approach to capital allocation and its focus on operating within defined economic thresholds. Only the underground mining operations will be temporarily suspended; the Company will continue to maintain the asset in good standing while preserving future operating flexibility. The suspension is also expected to reduce operating costs, preserve capital and improve overall capital efficiency.During the suspension the Company will focus on refining its geological model, optimizing the mine plan and redesigning development to improve grade control, reduce unit costs and enhance predictability, with the objective of supporting a sustainable restart over the coming quarters. The Company is also in advanced-stage discussions with third parties regarding potential operational arrangements on nearby mining projects and is in the process of completing final-stage due diligence. These opportunities are expected to provide near-term cash flow from alternative sources of mineral feed, allowing the Company to continue operating its processing plant and surface infrastructure profitably during the suspension period."This is a measured step to ensure we are enhancing the value of Plomosas over the long term," said Fred Davidson, CEO Of IMPACT Silver. "Our focus now is on improving the quality and consistency of the operation and putting the right plan in place for a more sustainable restart. At the same time, we are advancing opportunities to keep the mill running and generate value while this work is underway."Over the past months, the Company completed a detailed assessment of underground operations, including production rates, grade and cost performance. The review identified that development intensity and variability in grade and tonnage impacted cost efficiency and operational consistency. Under the current mine plan, continued mining was not expected to deliver sustainable economic results without continued development capital. As a result, the Company has elected to temporarily suspend underground mining while it works toward a more efficient and sustainable operating plan.In parallel, the Company will continue advancing exploration both underground and at surface across the approximately 6-kilometre prospective trend. This work is expected to better define higher-quality mineralization and test new exploration targets to support a more robust and better-defined restart. With over $35 million of cash on hand and continued positive cash flow from its Zacualpan operations, the Company is well positioned for this transition. ABOUT IMPACT SILVER IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two projects in Mexico. Royal Mines of Zacualpan Silver-Gold Mine: IMPACT owns 100% of over 200 km2 of highly prospective ground at Zacualpan in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine where which is being reviewed for a potential restart of operations. Over the past 20 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13.9 million ounces of silver, generating revenue of more than $322 million, with no long-term debt. Plomosas Zinc Project: Plomosas is a high-grade zinc project in northern Mexico with exploration upside potential. The Company is temporarily suspending mining operations while it works toward a more efficient and sustainable operating plan. Exploration potential at Plomosas lies along a long 6 km structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world. George Gorzynski, P.Eng., VP Exploration and a Director of the Company, is a Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and has approved the technical information contained in this news release. On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO For more information, please contact: Jerry Huang
Vice President, Finance | Investor Relations
(604) 664-7707 or inquiries @mq32 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking and Cautionary StatementsThis news release contains certain "forward-looking" statements and information relating to IMPACT. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. This news release contains forward-looking information concerning, among other things, the Company's plans to maintain the Plomosas asset in good standing; the expected timing and benefits of the temporary suspension of underground mining operations at the Plomosas Mine; plans to advance underground and surface exploration and the expected outcomes of such plans; and the status and potential outcomes of discussions with third parties regarding potential operational arrangements on nearby mining projects.Such forward-looking information involves known and unknown risks and assumptions. Factors that could cause actual results to differ materially from such forward-looking information include, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, fluctuations metal prices, local, national and international political and economic factors, competitive factors, general economic conditions, relationships with vendors, strategic partners and other third parties, governmental regulation and supervision, criminal activity, seasonality, technological change, industry practices, one-time events and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information is this news release is based on the beliefs and assumptions of IMPACT management considered reasonable as of the date hereof, including but not limited to the assumption that the temporary suspension and continued exploration work will produce the expected results; that exploration and other business activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or health and safety risks; and general business and economic conditions will not change in a materially adverse manner. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement except as required by law. The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company at Zacualpan and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289380
Original: IMPACT Silver Announces Temporary Suspension of Underground Mining at Plomosas

IMPACT Silver Corp: Invitation to PDAC 2026 Booth 2505February 27, 2026 6:30 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - Visit IMPACT Silver Corp (TSXV: IPT) (OTCQB: ISVLF) at Booth #2505 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 1 to Wednesday, March 4, 2026.About IMPACT Silver CorpABOUT IMPACT SILVER IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico. 1/ Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. 2/ To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million ounces silver, 48 million lbs zinc and 21 million lbs lead in 1,786,000 tonnes grading 79g/t Ag, 1.22% Zn and 0.54% Pb (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 19 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13.7 million ounces of silver, generating revenue of more than $307 million, with no long-term debt. 3/ Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exploration upside potential. The Company recently restarted mining operations and is ramping up production. Exploration potential at Plomosas is along the 6 km long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world. George Gorzynski, PEng, a director of the Company, is a Qualified Person within the meaning of NI 43-101 and has approved the technical information contained in this news release.About PDACThe World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 26,000 attendees in person in 2024, participants could also attend programming, courses and networking events.The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry.For more information and/or to register for the conference please visit: https://www.pdac.ca/convention.We look forward to seeing you there.For further information: IMPACT Silver Corp
Jerry Huang
7788677909
jerry@impactsilver.com
www.impactsilver.com
Original: IMPACT Silver Corp: Invitation to PDAC 2026 Booth 2505

I sold out today, as I remained by disgusted by that greedy and ill-timed PP. There are abundant better places to invest the money.

J2 Metals Inc. Announces Option to Acquire the District-Scale Sierra Plata Silver-Antimony Project in Taxco, Mexico

https://www.newsfilecorp.com/release/278795

December 22, 2025 5:50 AM EST | Source: J2 Metals Inc.

Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - J2 Metals Inc. (TSXV: JTWO) ("J2" or the "Company") is pleased to announce that it has entered into a 3-year option with Impact Silver Corp. (TSXV: IPT) ("Impact"), a Mexican silver producer, to acquire the 2,200-hectare Sierra Plata Project, located in the Zacualpan District near Taxco, Guerrero State, Mexico.

The Sierra Plata Project hosts multiple past-producing silver mines, including El Salto and El Sabino, as well as numerous smaller historic workings. In addition to its silver endowment, the project is considered highly prospective for antimony, a strategic metal of increasing importance in global supply chains. The project is adjacent to mining claims held by Grupo México and Impact, and the Company believes that the historic San Miguel silver mine, a significant multi-level past producer, extends into the Sierra Plata project area. The Taxco region was, for centuries, one of the most important silver-producing districts in the Spanish Empire.

Project Highlights:

District-scale land package in a major historic silver district.
Multiple past-producing silver mines located within the project area.
Numerous productive trends and fault structures identified across the project.
Strong silver and antimony prospectivity.
Access to Impact's local technical expertise and regional drilling infrastructure.

J2 also announces that Simon Clarke has been appointed to the Company's board of directors.

Thomas Lamb, CEO of J2, commented: "We are delighted to have struck this exciting deal with Impact on the Sierra Plata Project, a large and highly prospective land package within a historic silver district. Under Mexican mining regulations, certain concessions require regular investment, and Sierra Plata lies outside Impact's current production focus, creating a compelling opportunity for J2 to advance the project.

"Sierra Plata hosts five historic silver mines and numerous historic workings. The historic, multi-level San Miguel Mine, which ceased production in the 1930s, is understood to extend from Grupo México ground into the Sierra Plata Project. We believe that at current silver prices San Miguel is a strong candidate for a production restart, which would obviously be an exciting catalyst for J2.

"Beyond visiting several historic mines and workings, our team's recent site visit to Sierra Plata confirmed multiple vein systems and structural trends in and around the project. Prior work by Impact indicates that important regional mineralized trends extend across the Sierra Plata land package. With Impact focused on its core producing areas, J2 is well positioned to advance exploration on this important part of the broader district.

"Through this agreement, we expect to benefit from Impact's experienced local technical teams, established infrastructure, and strong community relationships. The region also hosts several nearby processing facilities, including those operated by Impact, which could provide valuable optionality should Sierra Plata advance toward production of silver and antimony."

Mr. Lamb added: "I am also delighted to welcome Simon Clarke to the board. Simon has helped build and lead several precious- and critical-minerals companies from inception to valuations exceeding US$1 billion, and his experience will add significant value as we advance Sierra Plata."

About Simon Clarke

Simon Clarke brings nearly 30 years of experience building resource companies and executing successful capital-markets and growth strategies, with a focus on critical minerals, energy, and precious metals.

Mr. Clarke is currently CEO, President, and Director of American Critical Minerals Corp., and Executive Chair and Director of Myriad Uranium Corp. He has direct experience in the silver sector, having served on the boards of several public exploration companies and as the original CEO and Director of Apollo Silver Corp., which focuses on advanced-stage silver projects in California and Mexico.

From 2020 to 2024, Mr. Clarke served as CEO and Director of American Lithium Corp., during which time the company's market capitalization reached approximately $1.2 billion at the height of the lithium cycle. He was also a co-founder, CEO, and Director of M2 Cobalt Corp., which was acquired by Jervois Global in 2019, and a co-founder of Osum Oil Sands Corp., which produced more than 20,000 barrels of oil per day prior to its acquisition by Waterous Energy Fund in 2021.

Mr. Clarke holds an LLB and Diploma in Legal Practice from Aberdeen University, Scotland.

About the Sierra Plata Project

The Sierra Plata Project covers approximately 21.5 square kilometres and is located roughly 10 kilometres northwest of the historic mining city of Taxco, Guerrero State, Mexico. The property hosts five past-producing silver mines, with additional historic mines and workings located immediately adjacent to the project, where lithological trends and structures extend directly into the Sierra Plata land package.

For example, the San Miguel Mine, a three-level underground operation that operated until 1931, is understood to occur partially within the project area. Historic grab samples from San Miguel reportedly assayed up to 414 g/t Ag and 0.447 g/t Au, with mineralization consisting of quartz-hosted argentite with galena and pyrite displaying classic epithermal textures. Argillic alteration is present in the wall rocks, and the historically exploited vein, approximately 40 cm wide, represents an oblique offshoot from a main northwest-southeast-trending structure that crosscuts the Sierra Plata Project.

Adjacent to the Sierra Plata Project there is also a large, fine-grained manto-style stibnite occurrence hosted in sandstone, with mineralization trending directly into Sierra Plata. Previous grab samples from this occurrence reportedly returned over-limit antimony values (>10,000 ppm Sb). Elevated antimony values have already been identified within the Sierra Plata Project along this major structure, providing compelling exploration targets.

Graham Giles, VP Exploration of J2, commented: "The Sierra Plata Project has benefited from extensive prior work completed by Impact Silver, allowing J2 to advance exploration efficiently. Approximately half of the property has been mapped, and multi-element silt geochemistry has been completed across the drainage systems. Satellite surveys have identified widespread argillic alteration, which may represent the upper portions of an epithermal system. This interpretation is supported by elevated mercury, antimony, and arsenic values, suggesting the potential for higher-grade mineralization at depth. In addition to the five historic silver mines within the project, there are numerous historic workings that remain largely untested."

Antimony Strategy

Beyond its silver potential, the Sierra Plata Project provides J2 with strategic exposure to antimony, a metal that has gained increasing attention due to its importance in defence, energy storage, flame retardants, and emerging technologies, as well as recent supply-chain constraints. Antimony production is currently highly concentrated globally, and the metal has been designated as critical by multiple jurisdictions, including the United States and the European Union.

The Sierra Plata Project is located immediately adjacent to, and structurally continuous with, historic antimony mineralization, including a large manto-style stibnite occurrence hosted in sedimentary rocks. Structural trends associated with this mineralization extend directly into the Sierra Plata land package, and elevated antimony values have already been identified within the project area.

J2's exploration strategy will initially focus on silver-dominant targets, while systematically evaluating antimony occurrences as part of an integrated, multi-element exploration approach.

Terms of the Option

Impact has granted the Company the option to acquire 100% of the Sierra Plata Project, subject to the following terms:

Initial Consideration: Within 3 business days of receipt of approval by the TSX Venture Exchange, J2 shall issue to Impact subscription receipts with an aggregate deemed value of C$250,000. The subscription receipts shall automatically exchange into common shares of J2 on the date that is 4 months following December 19, 2025 (the "Effective Date"). The deemed price per subscription receipt shall be J2's closing price on the Effective Date.

Year 1: On or before the date that is 12 months from the Effective Date, J2 shall conduct qualifying work on Sierra Plata of at least MXN$1,805 per hectare (currently ~C$138). J2 shall also issue to Impact consideration equal to the greater of: (a) 1,500,000 common shares of J2, with up to 25% of such consideration payable in cash at Impact's election, valued based on the 30-day volume-weighted average trading price of J2 common shares up to the trading day before the issue date ("30-day VWAP"); and (b) C$75,000.

Year 2: On or before the date that is 24 months from the Effective Date, J2 shall conduct qualifying work on Sierra Plata of at least C$400,000. J2 shall also issue to Impact consideration equal to the greater of: (a) 2,000,000 common shares of J2, with up to 25% of such consideration payable in cash at Impact's election based on a 30-day VWAP; and (b) C$125,000.

Year 3: On or before the date that is 36 months from the Effective Date, J2 shall conduct qualifying work on Sierra Plata of at least C$650,000. J2 shall also issue to Impact consideration equal to the greater of: (a) 3,000,000 common shares of J2, with up to 25% of such consideration payable in cash at Impact's election based on a 30-day VWAP; and (b) C$175,000.

Impact will be entitled to a 1.5% net smelter returns royalty on all minerals produced from the Project (the "NSR Royalty"), and J2 will have the right to purchase 50% of the NSR Royalty (reducing it to 0.75%) for C$1,500,000, exercisable at any time prior to or after commencement of commercial production.

J2 can accelerate its acquisition of 100% of Sierra Plata by making the payments described above and an additional payment of C$500,000 to Impact comprised of a combination of cash and shares of J2, the ratio of which shall be at Impact's election.

Qualified Person

Graham Giles P.Geo., J2's VP Exploration, is the Company's Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Giles has supervised, reviewed, and approved the technical information presented in this release.

About J2 Metals Inc.

J2 Metals Inc. is a Vancouver-based mineral exploration company focused on advancing critical-minerals and precious-metals projects in mining-friendly jurisdictions across Canada, the United States, and Mexico.

For further information, please contact:

Thomas Lamb
CEO and Director
J2 Metals Inc.
E-Mail: info@j2metals.ca

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

Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property. This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.

Forward-looking statements in this release include, among others, statements relating to expectations regarding the projects, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Source: J2 Metals Inc.

Impact Silver Intersects 18.83% ZnEq Over 4.95m Including 25.57% ZnEq Over 1.33m at the Plomosas Mine

https://www.newsfilecorp.com/release/277450

December 09, 2025 11:24 AM EST | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL)

IMPACT Silver Announces Q3 2025 Results with Revenue up 24%

https://www.newsfilecorp.com/release/276171

November 27, 2025 9:00 AM EST | Source: IMPACT Silver Corp. Vancouver, British Columbia--(Newsfile Corp. - November 27, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce its financial and operating results for the third quarter and nine months ended September 30, 2025. The Company reports revenue of $10.7 million in Q3 2025, representing an 24% increase over revenue of $8.6 million in Q3 2024. The improvement in revenue is due to substantially higher silver prices during the period. Before amortization and depletion, mine operating income1 on a YTD basis was $5.6 million, compared to a loss of $0.8 million in 2024.The net loss in Q3 2025 improved to $0.6 million compared to a net loss of $3.1 million in Q3 2024.

Highlights:

Zacualpan (silver-lead-zinc) revenue was $8.7 million in Q3 2025, up from $6.1 million in Q3 2024 with increased production of 8% on a year over year basis. Revenue on a YTD basis was $23.3 million compared to $16.3 million in the first nine months of 2024.

Plomosas revenue on a YTD basis in 2025 increased to $7.9 million compared to $5.4 million.in the same period of 2024.

At Plomosas in the newly developed Juarez zone, the Company intersected 18.03% ZnEq over 2.6m including 23.70% ZnEq over 0.73m. and in a separate drill hole, 15.14% zinc equivalent over 3.07 metres with a high-grade interval of 24.69% zinc equivalent over 1.47 metres.

On September 17, 2025, the Company closed a $16.0 million bought deal LIFE Private Placement at $0.36 per unit. Each unit consists of one common share and one warrant which entitles the holder to purchase one common share at a price of $0.45 for two years.

At September 30, 2025 the Company had cash of $25.2 million and working capital of $27.3 million, up from $7.1 million in cash and $9.0 million in working capital on December 31, 2024.

In Q3 2025, the Company spent $1.3 million on exploration and on a YTD basis, the Company spent $3.2 million. This was split between Zacualpan and Plomosas.

"Our third-quarter results reflect significant progress in enhancing efficiencies at the Zacualpan silver-lead-zinc complex, positioning the Company to capitalize on near-record silver prices. Continued mine optimization and exploration have strengthened our foundation for long-term shareholder value, while production at Plomosas zinc-lead-silver asset improved substantially year over year, it continues to require additional rehabilitation and development to achieve production on a sustainable basis.. Management remains focused on improving grades, advancing operational efficiencies, and maximizing value amid record precious metal prices," said Fred Davidson, President & CEO.

Zacualpan Silver District

During Q3 2025, the Zacualpan-based Guadalupe mill processed 35,437 tonnes of mill feed, up from 32,901 tonnes in Q3 2024. Production was up during the quarter despite one ball mill not operating for approximately 84 days due to a major repair. Seasonal weather continued to cause power outages from the Mexican grid and delayed concentrate shipments to the smelter.

Despite the above, silver production from the Guadalupe complex in Q3 2025 was 150,394 oz, a 5% increase from 142,945 oz in Q3 2024. However, silver sales decreased by 1% over the same period in 2024 owing mostly to previously mentioned weather issues. The average mill head grade for silver in Q3 2025 was down by 2% to 157 g/t from 160 g/t in Q3 2024.

Revenue per tonne sold in Q3 2025 increased by 40% to $253.33 from $180.90 in Q3 2024 on higher commodity prices, while direct costs per tonne increased 23% to $180.69, allowing for margin expansion at the operation.

Plomosas High-Grade Zinc Mine

In the third quarter of 2025, Plomosas produced 9,957 tonnes at an average grade of 8.3% Zn, 4.5% Pb and 30.3 g/t Ag, bringing the YTD mill throughput to 37,704 tonnes, representing a 48% increase over YTD 2024 production of 25,536 tonnes. On a YTD basis, zinc, lead and silver sales increased by 34%, 62% and 16%, respectively.

Regular pauses in production due to mine optimization and development activities have provided management an opportunity to assess and re-evaluate processes. Continued improvements are underway, including mine development, expansion of the tailings pond, and the acquisition and rehabilitation of mobile equipment. In parallel, the mine successfully commissioned a new lead oxide recovery circuit following extensive metallurgical testing. This new system has been performing well, recovering up to 60% of lead oxide material which occurs locally in the mine that was previously unrecoverable by the prior operator.

Outlook

Following a strong quarter of efficient mine development and production at the Zacualpan silver-lead-zinc complex, along with a substantial year-to-date increase in production at Plomosas, the Company believes that it is well positioned to capitalize on record precious metal prices and its significant ongoing investment in exploration. As the Company heads into 2026, management is optimistic that that the Company can target improved grade and rising production levels while maintaining strict cost discipline. Supported by a robust balance sheet, the Company is actively evaluating shareholder value opportunities that leverage its extensive asset base and the significant, largely undeveloped exploration potential across both of its operations.

A recorded conference call reviewing the financial and production results of the quarter ended Sept 30, 2025 will be available on the Company website on November 27th, 2025 at http://www.impactsilver.com/s/ConferenceCalls.asp.

The information in this news release should be read in conjunction with the Company's Q3 2025 unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful intermediate mineral producer and explorer with two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million ounces silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 19 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13.7 million ounces of silver, generating revenue of more than $307 million, with no long-term debt.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. In late 2023, the Company restarted mining operations and is ramping up production. Exploration potential at Plomosas is exceptional along the 6 km long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., Vice President, Exploration and a Director of the Company, is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 867 7909 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, criminal activity, future production, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

1 Mine operating earnings before amortization and depletion is a non-IFRS measure which the company believes provides meaningful information about the Company's financial performance. See "Non-IFRS MEASURES".

SOURCE: IMPACT Silver Corp.

IMPACT Silver Intersects 15.14% ZnEq over 3.07m Including 24.69% ZnEq over 1.47m at the Plomosas Mine

https://www.newsfilecorp.com/release/275349

November 20, 2025 1:26 PM EST | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - November 20, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL)

IMPACT Silver Announces Q2 2025 Financial Results with 27% Increase in Revenue

https://www.newsfilecorp.com/release/263759

August 25, 2025 10:39 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the second quarter ended June 30, 2025. The Company is pleased to report revenue of $9.8 million for Q2 2025, representing a 27% increase over revenue of $7.7 million in Q2 2024, bringing year-to-date ("YTD") revenue to $20.5 million, which was driven by increased year over year production at Plomosas and strong commodity prices. Mine operating income before amortization and depletion in Q2 2025 was $1.6 million, representing a substantial improvement over the $0.2 million loss in Q2 2024. The loss for the quarter, including $0.5 million in deferred taxes, $1.1 million in exploration and $0.6 million in amortization and depletion, was $2.0 million. At quarter-end, the Company had $10.3 million in cash, $13.3 million in working capital, and no long-term debt. During the quarter, the Company closed a $5.2 million private placement financing, including participation from Trafigura Pte Ltd.

In 2024, the Company revised its accounting policies for exploration, and as a result, the Company expensed $1.1 million in exploration costs in Q2 2025 that previously would have been capitalized.

Fred Davidson, President & CEO of IMPACT, stated, "Our ongoing ramp-up at Plomosas, combined with strong commodity prices, has positioned the Company to deliver improved revenue in the second quarter and beyond. After several years of strategic positioning to capitalize on stronger silver prices, our exploration efforts are now bearing fruit, highlighted by the recently discovered Kena vein. This was accomplished while conducting a substantial rehabilitation effort at Plomosas and extensive upgrading and development programs at the Guadalupe mine. We anticipate that the remainder of 2025 and 2026 will further build on these successes, as we maintain our focus on improving grade, advancing development activities, and continuing exploration activity across both of our assets."

Operations Review

Zacualpan Silver-Lead Operation

YTD 2025, the Company processed 69,185 tonnes of mill feed at the Zacualpan/Guadalupe complex, representing a 4% improvement over the 66,797 tonnes process YTD 2024. During the quarter, extreme weather caused power outages from the Mexican grid and washouts along key haul roads, but throughput at Zacualpan has recovered since that event.

Silver production from the Guadalupe complex to June 30, 2025 was 295,131 ounces ("oz"), a 2% increase from 289,443 oz in the first half of 2024, while lead production increased by 15% and gold production improved by 58% to 237 oz from 150 oz in the comparative period in 2024. The average mill head grade for silver of 158 g/t to June 30, 2025 fell by 2% compared to 161 g/t in 2024. Revenue per tonne sold for the first six months in 2025 increased by 38% to $209.84 from $152.09 while direct costs per tonne decreased by 2% on a year over year basis to $138.69 from $141.53 in 2024.

Plomosas Zinc-Lead-Silver Operation

YTD 2025, the mill processed 27,747 tonnes, up 116% from 12,850 tonnes in the first half of 2024. The average grades for YTD 2025 were 8.4% zinc, 4.6% lead, and 30.0 g/t silver. Plomosas sales for the YTD included 1,744 tonnes of lead, 397 tonnes of zinc, and over 17,663 ounces of silver, representing an improvement of 108%, 114% and 49%, respectively, compared to YTD 2024.

After more than two years of rehabilitating mobile equipment, plant facilities, infrastructure, and the underground mine, production has significantly expanded. With the investment of improved equipment and facilities, YTD direct costs fell to $230.14/t in 2025 from $400.70/t in 2024. Development and drilling costs per tonne continue to resist reductions until larger mineral stopes can be established.

In the second quarter, unfavourable ground conditions required further development to access an area where the majority of the higher grade mill feed is located. As a result, production was sourced from two lower grade stopes plus development muck. Notwithstanding, revenue per tonne in the six months ended June 30, 2025 fell by only 1% to $216.04 compared to $217.26 in YTD 2024. The new development through more favourable ground and is expected to access to these higher-grade areas, supporting improved production going forward.

Outlook

Following several years of exploration focused on improving grades at Zacualpan, alongside the rehabilitation and development of Plomosas, the Company is now well positioned to capitalize on higher commodity prices within an enhanced production framework at both sites.

With increasing grades at Zacualpan expected following new discoveries and production at Plomosas, management anticipates that the remainder of 2025 and 2026 will be further supported by improving industry fundamentals, moderated cost inflation, and higher revenue per ton.

Coupled with a strong balance sheet, management plans to maintain active exploration activities and pursue strategic partnerships aimed at further increasing shareholder value over the investment horizon.

A recorded conference call reviewing the financial and production results of the quarter ended June 30, 2025 will be available on the Company website on August 26th, 2025 at www.impactsilver.com/s/ConferenceCalls.asp.

The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million ounces silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 19 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13.5 million ounces of silver, generating revenue of more than $298 million, with no long-term debt.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production. Exploration potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., a Director and VP Exploration of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, criminal activity, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

SOURCE: IMPACT Silver Corp.

Impact Silver Intersects 18.03% ZnEq over 2.60m Including 23.70% ZnEq over 0.73m at the Plomosas Mine

https://www.newsfilecorp.com/release/260506/Impact-Silver-Intersects-18.03-ZnEq-over-2.60m-Including-23.70-ZnEq-over-0.73m-at-the-Plomosas-Mine

July 29, 2025 11:36 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL)

IMPACT Silver Intersects 10.38% Zinc over 3.94m Including 20.95% Zinc over 1.70m at the Plomosas Mine

https://www.newsfilecorp.com/release/257941/IMPACT-Silver-Intersects-10.38-Zinc-over-3.94m-Including-20.95-Zinc-over-1.70m-at-the-Plomosas-Mine

July 07, 2025 11:07 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL

Impact Silver Intersects 534.8 g/t Silver over 8.50m Including 2,320 g/t Silver over 1.07m on New Kena Vein South at Guadalupe Mine

https://www.newsfilecorp.com/release/254945/Impact-Silver-Intersects-534.8-gt-Silver-over-8.50m-Including-2320-gt-Silver-over-1.07m-on-New-Kena-Vein-South-at-Guadalupe-Mine

June 09, 2025 1:13 PM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL)

Impact Silver Announces Q1 2025 Financial Results with Near-Doubling of Revenue & Positive EBITDA of $1.0 Million

https://www.newsfilecorp.com/release/253502

May 27, 2025 9:46 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTC PINK: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the first quarter ended March 31, 2025. The Company is pleased to report revenue of $10.7 million for Q1 2025, double the $5.3 million reported in Q1 2024. This significant increase was driven by the commencement of new production at the Plomosas mine and higher commodity prices. EBITDA for Q1 2025 was $1.0 million, marking a strong recovery from the negative $3.6 million in Q1 2024. Net loss for the quarter was $0.1 million, a notable improvement compared to the net loss of $4.4 million in the same period last year. This reflects a substantial year-over-year improvement, as inflationary pressures on costs eased and commodity prices remained strong, supported by a higher aggregate production volumes. At quarter-end, the Company had $6.6 million in cash and no structured debt.

In 2024, the Company has revised its accounting policies for early-stage exploration. This change has been applied retrospectively, resulting in $0.8 million in exploration costs being expensed in Q1 2025 and $1.2 million in Q1 2024. Subsequent to quarter-end, the Company announced an equity financing of up to $5.0 million.

Fred Davidson, President & CEO of IMPACT, stated, "Following several years of mine rehabilitation and aggressive exploration, along with ongoing efforts to manage inflationary cost pressures, I'm pleased to see our first-quarter results reflect the strength of having two high-performing assets operating at, or near full capacity. The team's continued focus on maintaining positive net operating income profitability has now delivered positive results for the second consecutive quarter. With both operations online and production continuing to grow, we expect 2025 to reflect our commitment to delivering value to shareholders in a strong commodity price environment supported by streamlined and efficient operations."

Q1 2025 Review

Zacualpan Silver-Lead-Zinc Operation

In Q1 2025, the Guadalupe mill processed 35,012 tonnes of mill feed at the Zacualpan/Guadalupe complex, representing a 10% increase from 31,735 tonnes in Q1 2024. This improvement reflects a recovery in throughput following the extreme weather event in September, which had caused power outages from the Mexican grid and washouts along key haul roads.

Silver production at the Guadalupe complex totaled 149,449 ounces in Q1 2025, up 9% from 137,291 ounces in the same period last year. Silver sales also rose by 10% year-over-year. The average silver head grade declined slightly by 2% to 157 grams per tonne (g/t), compared to 161 g/t in Q1 2024.

Revenue per tonne sold increased significantly, rising 50% to $202.37 in Q1 2025 from $134.59 in Q1 2024, while direct costs per tonne remained largely stable, increasing only 3% to $132.32 from $128.12.

Plomosas Zinc-Lead-Silver Operation

In Q1 2025, the mine processed 14,265 tonnes, a significant increase from 3,594 tonnes in Q1 2024. Average grades in Q1 2025 were 11.0% zinc, 7.7% lead, and 48 grams per tonne (g/t) silver. Sales for the quarter totaled 1,008 tonnes of zinc, 213 tonnes of lead, and over 12,087 ounces of silver.

Following nearly 18 months of rehabilitation work-including mobile equipment, processing facilities, infrastructure, and the underground mine-production has expanded substantially.

Initial exploration and development have focused on readily accessible mineralization; however, longer-term initiatives are also progressing to evaluate underexplored areas of the property. These efforts include the reinterpretation of historical Induced Polarization, Magnetic, and Gravitational surveys, as well as a new reconnaissance exploration program. As a result of recent exploration success, the Plomosas team has begun mining the "Mina Juárez" area, where extensions of historical workings by previous operators have been successfully delineated.

The production ramp-up has been both successful and consistent. Average daily throughput increased from approximately 39 tonnes per day (tpd) in Q1 2024 to 159 tpd in Q1 2025. The Company remains on track to achieve the targeted design capacity of 200 tpd later in 2025.

Outlook

Management believes the Company is now well positioned as an established intermediate producer, offering investors exposure to a diversified basket of strategic defensive and critical metals, supported by strong demand fundamentals.

Having successfully transitioned from a period of mine rehabilitation and operational adjustments; the Company has effectively doubled in size in under two years. While silver remains a core focus, increasing zinc and gold production is expected to further expand the Company's market presence and enhance shareholder value.

The Company is currently negotiating new offtake agreements with partners eager to secure long-term supply. Ongoing exploration across both assets is expected to support continued improvements in project economics and operational performance.

A recorded conference call reviewing the financial and production results of the quarter ended March 31, 2025 will be available on the Company website on May 28, 2025 at https://impactsilver.com/media/conference-calls/.

The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan Project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million ounces silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than $284 million, with no long-term debt.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to other exploration targets on the 3,019 hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., a Director and VP Exploration of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 867 7909 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Telephone (604) 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn

SOURCE: IMPACT Silver Corp.

Impact Silver Announces Closing of $3.9 Million Non-Brokered Private Placement Financing

https://www.newsfilecorp.com/release/253172

May 22, 2025 9:30 PM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTC PINK: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce that it has closed a tranche of the non-brokered private placement financing announced on April 15th, 2025 and subsequently increased on April 18th, 2025 (see IMPACT news releases dated April 15, 2025 and April 18, 2025 for details). The financing comprised a LIFE (listed issuer financing exemption) offering and a standard private placement (together referred to as the "Offering").

The Company received aggregate proceeds of C$1,658,000 from the issuance of 8,290,000 LIFE units (the "LIFE Units") at $0.20 per LIFE Unit and C$2,272,711.86 from the issuance of 12,626,177 units (the "Units") of the Company at C$0.18 per Unit for a total of C$3,930,711.86. Each LIFE Unit comprised of one common share and one-half share purchase warrant, with each whole warrant exercisable for two years at $0.26 per common share. Each Unit comprised of one common share and one warrant, exercisable for three years at $0.24 per common share.

The Company intends to use the proceeds from the Offering to follow up recent success in its exploration activity at its Plomosas high-grade zinc(-lead-silver) property, and its prolific silver assets at its legacy Royal Mines of Zacualpan district, as well as invest in operational improvements to improve productivity and throughput.

The LIFE portion of the Offering was made pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Exemption"). The securities sold under the LIFE Exemption are not subject to a hold period in accordance with applicable Canadian securities laws. A copy of the offering document under the LIFE Exemption dated April 15, 2025, is available electronically on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. The Offering remains subject to final acceptance by the TSX Venture Exchange.

In connection with the Offering, the Company paid an aggregate of $64,696.19 in finder's fees and issued 359,423 finder's warrants (each, a "Finder's Warrant") on the Unit part of the Offering to certain finders. Each Finder's Warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.24 cents per share for three years.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details and QP statement); Company engineers are reviewing Capire for a potential restart of operations. Over the past 17 years, IMPACT has placed multiple zones into commercial production and produced over 13 million ounces of silver, generating revenues over $284 million.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently re-commenced operations and has plans for expansion in 2025. Exploration potential at Plomosas is exceptional along a 6km-long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., an Officer and Director of IMPACT, is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to future silver prices, interpretation of drill results, future work plans, proceeds received and use of funds, the timing for closing a further tranche of the Offering, the potential of the Company's projects, and potential and plans for the Plomosas project, are forward looking statements. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the financing.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, criminal activity, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices,; pandemics and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement, except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Telephone (604) 664-7707

Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

SOURCE: IMPACT Silver Corp.

IMPACT Silver Announces Full Year 2024 Results With Record Revenue and a Return to Net Profit in Q4

https://www.newsfilecorp.com/release/250923

May 05, 2025 8:23 PM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the year ended December 31, 2024. The Company is recognized as an intermediate miner with strength across the value chain including production, growth and exploration potential. In 2024, the Company evolved from being a near pure-play on silver with ongoing production across an extensive mining district at its Royal Mines of Zacualpan Silver district in Central Mexico to include now substantial production from the Plomosas high-grade zinc mine in Northern Mexico.

The Company reported record revenue of $31.9 million in FY 2024, an increase of 53% compared to revenues of $20.8 million in FY 2023. This includes a near doubling of quarterly revenue to $10.2 million in Q4 2024, an increase of $4.8 million from Q4 2023, primarily due to the increase in production at Plomosas as well as a 24% increase in gold sales in Q4 2024 compared to Q4 2023 at Zacualpan. Overall, in FY 2024, 72% of the revenue came from the Zacualpan silver-lead-zinc assets however, with increased production from Plomosas coming online later in the year, the revenue split in Q4 2024 was 65% from Zacualpan and 35% from Plomosas. In Q4 2024, mine operating earnings increased by $3.6 million to $1.1 million over Q4 2023 on higher revenue and production.

In 2024, the Company's ramp up of zinc production at Plomosas from minimal levels at the start of the year to 75% of capacity at year-end, combined with robust commodity prices, resulted in a strong end to the year including a net income of $1.6 million in Q4 2024 compared to a net loss of $9.3 million in Q4 2023. At the end of the year, the Company had $7.1 million in cash, $9.0 million in working capital and no long-term debt.

Fred Davidson, President & CEO of IMPACT, stated, "2024 was a year of transition for the Company, having culminated in improved financial results after years of integrating and rehabilitating the Plomosas mine, which is now approaching full capacity. IMPACT is now firmly established as a proven silver, zinc and lead producer and a leading intermediate miner in Mexico. Strong commodity prices driven by geopolitical events and evolving monetary policy have improved economics for the industry and are evident in our Q4 2024 results which markedly improved as the year came to close. In 2025, we will focus on improving production, grade, and building on our substantial efficiencies achieved over the last 12 months."

2024 PRODUCTION OVERVIEW - ZACUALPAN PROJECT (SILVER-LEAD-ZINC)

2024 full year silver production was 595,264 ounces (2023 - 637,514 ounces).

Silver sales of 592,844 ounces in 2024 compared to 636,655 ounces in 2023.

Gold sales increased to 135 oz in Q4 2024 from 109 oz in Q4 2023.

Average mill feed grade was 161 grams per tonne (g/t) silver for 2024, which was similar to 160 g/t silver in 2023.

Throughput at the mill was 136,280 tonnes in 2024, down 8% from 147,444 tonnes in 2023.

Production and associated volume sales were down year over year due to extreme weather events impacting production in 2H 2024. These issues have been repaired, and production has ramped up since. Notwithstanding, strong commodity prices resulted in revenue per tonne sold improving by 39% to $189.34 in Q4 2024 from $135.80 in 2023.

Following several years of cost inflation, direct costs per production tonne have stabilized, having decreased by 4% in Q4 2024 to $146.09 from $152.28 in Q4 2023. Management expects costs to stay at these controlled levels in 2025.

PLOMOSAS PROJECT (ZINC-SILVER)

Following the acquisition of the Plomosas high grade zinc-lead-silver mine in April 2023, the Company embarked on an aggressive rehabilitation program to bring the mine back online The Company resumed limited test production at Plomosas in October 2023, and after nearly 18 months of rehabilitating mobile equipment, plant facilities, infrastructure, and the underground mine, production has significantly expanded. By the end of the year, production reached approximately 75% of the mill's design capacity.

In Q4 2024, the Plomosas Mine continued its gradual ramp-up, processing 13,633 tonnes, up from 3,594 tonnes in Q1 2024. Total production for 2024 reached 39,169 tonnes. The average grades for 2024 were 12.2% zinc, 7.3% lead, and 47 g/t silver. Plomosas sales for the year included 2,706 tonnes of zinc, 569 tonnes of lead, and 35,010 ounces of silver.

Historical mining made Plomosas one of the highest grading zinc-silver mines with approximately 2.5MT mined since 1943 grading 15-25% zinc, 2-7% lead and 40-60 g/t silver with low deleterious elements1. The 3,019-hectare property covers extensive carbonate replacement deposit-type ("CRD") zinc-lead-silver mantos (beds) mainly hosted in carbonates (limestones, marbles). The previous operator reported Australian JORC mineral resources2 of 215,000 tonnes grading 13.5% zinc, 6.3% lead and 34.0 g/t silver indicated, and 772,000 tonnes grading 13.1% zinc, 3.0% lead and 19.0 g/t silver inferred, at a 3% zinc cutoff at December 2021.

GOING FORWARD

The Company intends to continue allocating resources toward exploration and development at both of its mining sites. At the Zacualpan project, management is focused on improving grades as the Kena discovery continues to expand (see news release from February 11, 2025). Efforts are also underway to further optimize silver and gold production considering improved commodity prices. Additionally, the Company is evaluating various strategic options for the Capire open-pit silver mine to capitalize on strong silver market conditions.

At the Plomosas mine, management anticipates that 2025 will be a year of optimal production, supported by substantial exploration activity across the largely unexplored property. Strong zinc prices, coupled with operational efficiencies at the processing level, have enabled Plomosas to achieve key financial and operational milestones-progress that the Company aims to build upon.

Following several years of cost inflation and unfavorable foreign currency impacts, the Company believes that most cost pressures are now under control. This provides a foundation for renewed focus on delivering shareholder value through improved grades, increased production, and continued exploration success.

A recorded conference call reviewing the financial and production results of the year ended December 31, 2024 will be available on the Company website on May 7th, 2025 at www.impactsilver.com/s/ConferenceCalls.asp.

The information in this news release should be read in conjunction with the Company's audited condensed consolidated Financial Statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million ozs silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than $284 million, with no long-term debt.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., a Director and VP Exploration of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 867-7909 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, criminal activity, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707
www.impactsilver.com
Twitter
LinkedIn

________________________
1 Reference: Alexandri, A. Gonzalez, H., & Salas, H. (2022). Plomosas Project (CZL), Field Visit Report. IMPACT Silver Corp. private report on field visits and compilation of historic and recent data, 56 pages.
2 Plomosas mineral resources were reported by Consolidated Zinc Ltd. (CZL: ASX) on their website (https://www.consolidatedzinc.com.au) under the Australian JORC (2012) Code as mineral resources "depleted as at December 2021". IMPACT's Qualified Person has reviewed but not verified in detail these reported mineral resources and is only reporting them as material mineral resources reported by CZL and available in the public record. IMPACT believes the estimates are relevant and reliable, given they are reported to Australian JORC standards; however, IMPACT's Qualified Person has not done sufficient work to classify them as current Canadian NI 43-101 mineral resources.

SOURCE: IMPACT Silver Corp.

Impact Silver Announces $3.5 Million Non-Brokered Financing with a Lead Order from Strategics Trafigura Pte Ltd. and Palisades Goldcorp Ltd.

https://www.newsfilecorp.com/release/248661

April 15, 2025 6:47 PM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 15, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce a non-brokered private placement of $3.5 million of the Company (the "Units") with lead orders from strategic investors, Trafigura PTE LTD. ("Trafigura") and Palisades Goldcorp Ltd. ("Palisades"). The non-brokered private placement will consist of a LIFE offering for $1.75 million, which is being fully allocated to Trafigura, and a standard private placement for $1.75 million, of which Palisades is participating for $1.1 million.

Trafigura is a major supplier of vital resources, including non-ferrous and precious metals, as a market leader in the global commodities industry. Trafigura was founded in 1993 and is active in more than 150 countries.

Palisades is a publicly-listed investment company focused on the junior resource space. With a strong balance sheet and an experience management team, Palisades provides investors with highly levered exposure to junior resource equities. Palisades is listed on the TSX Venture Exchange under the stock symbol PALI and holds a diversified portfolio of securities and derivatives.

Fred Davidson, President and CEO of IMPACT Silver states "We are pleased to welcome two notable institutional investors into IMPACT Silver. Trafigura has collaborated with IMPACT for many years and this investment signifies their commitment to long-term support with us both at Guadalupe, Plomosas, and beyond. With Palisades Goldcorp, they have been instrumental in building multiple hundred-million-dollar-midcap gold companies and we are pleased to have them participating in this financing."

The financing will be under the (LIFE) of National Instrument 45-106, Prospectus Exemptions, and other private placement exemptions under NI 45-106. The LIFE portion of the Offering is referred to in this news release as the "LIFE Offering". The Company intends to raise gross proceeds of up to $1,750,000 from the sale of up to 8,750,000 units (the "LIFE Units") at a price of $0.20 per LIFE Unit, and up to $1,750,000 from the sale of up to 9,722,222 standard private placement units (the "Standard PP Units") at $0.18 per Standard PP Unit. Each LIFE Unit will consist of one common share of the Company and one half common share purchase warrant (each whole such warrant, a "Warrant"), with each Warrant entitling the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price of $0.26 per Warrant Share for a period of 24 months from its date of issue. Each Standard PP Unit will consist of one common share of the Company and one full Warrant, with each Warrant entitling the holder thereof to acquire one Warrant Share at a price of $0.24 per Warrant Share for a period of 36 months from its date of issue.

The Company intends to use the proceeds from the Offering to accelerate exploration activity at its Plomosas high-grade zinc-lead-silver property located in Chihuahua, Mexico, further develop its prolific silver assets at its legacy Royal Mines of Zacualpan district, as well as invest in operational improvements to improve productivity and throughput as the price of silver nears 52-week highs. Exploration activities include sampling, target definition, and drilling with the intention of expanding the existing JORC mineral resource at Plomosas, where only 600m of the 6-kilometre-long structure has been tested. The region is known for hosting some of the largest carbonate replacement deposits in the world. As such, the Company intends to allocate a portion of the proceeds to continue development and grow production at the Plomosas high-grade zinc deposit as zinc prices continue to outperform on the back of forecasted supply deficits.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions, the LIFE Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the "Offering Document") related to the LIFE Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.impactsilver.com. Prospective investors should read this Offering Document before making an investment decision.

The Offering is scheduled to close on or about the week of May 15, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (the "Exchange"). The Company may pay finder's fees or commissions on a portion of the Offering, subject to compliance with the policies of the Exchange and applicable securities legislation. All common shares and Warrants issued as part of the Standard PP Units will bear a hold period of four months and one day from the date of issuance.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV:IPT) is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million ozs silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than $277 million, with no long-term debt.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., a Director of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.

On behalf of IMPACT Silver Corp.

"Frederick W. Davidson"

President & CEO

For more information, please contact:

Jerry Huang
CFO | Investor Relations
O: (604) 681 0172 or inquiries@impactsilver.com
C: (778) 867 7909 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding interpretation of drill results, activity at the projects and estimated timing thereof, the potential for defining and extending the known mineralization, exploration potential on the properties, and plans for drilling and future operations at the Company's projects or plans for financing.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitation, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, criminal activity, metal prices, political and economic factors, community relations, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, pandemics and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement or beliefs, opinions, projections or other factors, except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company at Zacualpan and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101, the Company is required to disclose that it has not based its production decisions on NI 43-101 mineral resources or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street Telephone
604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
X (Twitter)
LinkedIn

SOURCE: IMPACT Silver Corp.

IMPACT Silver Intersects 597 g/t Silver over 2.77m and 1,460 g/t Silver over 0.55m on Kena Discovery at Guadalupe Mine

https://www.newsfilecorp.com/release/240412

February 11, 2025 10:44 AM EST | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - February 11, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL)

Impact Silver Intersects 14.13% Zinc over 2.2m Including 26.06% Zinc over 0.9m at the Plomosas Mine

https://www.newsfilecorp.com/release/237426

January 16, 2025 10:50 AM EST | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: X9X

Impact Silver Intersects 16.60% Zinc over 2.5m and 27.50% Zinc over 1.1m at the Plomosas Mine

https://www.newsfilecorp.com/release/232308/Impact-Silver-Intersects-16.60-Zinc-over-2.5m-and-27.50-Zinc-over-1.1m-at-the-Plomosas-Mine

December 03, 2024 11:51 AM EST | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - December 3, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL)

I just got in. Liking where this could be going.

IMPACT Silver Announces Q2 2024 Results with Strong Revenue Growth of 40% on Increasing Plomosas Production

https://www.newsfilecorp.com/release/220576

August 20, 2024 1:39 PM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the second quarter ended June 30, 2024.

Overall revenue in Q2 2024 was $7.7 million, representing a significant 40% increase over Q2 2023 revenue of $5.5 million. Revenue in Q2 2024 includes $1.8 million from the Plomosas high-grade zinc mine up from $1.0 million in Q1 2024. The Plomosas high-grade zinc mine (acquired in April 2023) was brought online in late 2023 and therefore, year-over-year comparisons do not include any revenue or operating costs recorded in Q2 2023. Meanwhile, revenue at the Zacualpan silver-lead-zinc project increased to $5.9 million in Q2 2024 from $5.4 in Q2 2023 despite lower production on a year-over-year basis, owing mostly to stronger silver prices.

The mine operating loss (before amortization and depletion) in Q2 2024 was $0.2 million compared to income of $0.9 million Q2 2023 which did not include any start-up and operating costs from Plomosas. The Company continued to experience cost pressures at its mine sites, certain one-time costs associated with bringing the Plomosas mine online, and the negative effects of a strong Mexican Peso. The net loss in Q2 2024 was $2.6 million compared to a net loss of $0.9 million in Q2 2023.

Q2 2024 Consolidated Financial Overview

Revenue in Q2 2024 was $7.7 million, up from $5.5 million in Q2 2023.
Mine operating loss before amortization and depletion[1] in Q2 2024 was $0.22 million, compared to income of $0.9 million in Q2 2023.
The net loss in Q2 2024 was $2.6 million after foreign exchange expense and deferred income taxes totalling $0.6 million compared to net loss of $0.9 million in Q2 2023.
After investing $1.6 million in exploration expenditures and mining assets during the quarter, the cash position remained strong at quarter-end with $9.9 million and working capital of $8.8 million.
During the quarter, the Company closed a non-brokered "LIFE" and private placement of $8.6 million.
The Company has no long-term debt.

Q2 2024 Zacualpan Mine Production Overview

Mill throughput in Q2 2024 was 35,062 tonnes compared to 35,753 tonnes in Q2 2023.
Silver production during the period decreased by 2% to 152,152 oz compared to 155,744 oz in Q2 2023 while lead and gold production decreased on a year-over-year basis by 36% and 69%, respectively.
Revenue per tonne sold was $168.17 in Q2 2024, representing an increase of 8% compared to $155.67 in the same period of 2023.
Direct costs per production tonne were $153.26 in Q2 2024, representing an increase of 17% over Q2 2023 costs of $130.67 per tonne. Much of this increase is due to foreign exchange, a retroactive union labour settlement including associated bonuses, with the balance coming from inflation-related pressures in Mexico. On a Mexican Peso basis, costs for the first six months of 2024 were the same as the first six months of 2023.

Zacualpan Silver District Review

The Company's overall average mill head grade of 161 g/t during the period was down 1% year-over-year from 163 g/t in Q2 2023. Gold production during the period was temporarily reduced compared to the same period in 2023 as the Company adjusted mining efficiencies and improved recoveries from its gold-rich Alacran mine. The Company is continuing to focus on exploration and development of the mining district in Q2 2024, having drilled 5,243 meters over the last six months.

Stronger metal prices on a year-over-year basis are due to increased confidence of pending looser monetary policy in 2024 as well as geopolitical uncertainties emanating from Eastern Europe and the Middle East. A flight to safety has increased the flow of funds into commodities in general, and the mining sector in particular as investors seek protection from ongoing inflationary pressures. Notwithstanding, ongoing cost inflation continues to impact costs throughout the supply chain and labour network, despite a softening of these trends since late 2023. Moreover, the overall negative effect of a strong Mexican Peso continues to hamper the Company's profit margins. The rate of cost increases at Zacualpan may start to subside further in 2H 2024 as new labour contracts have provided some cost certainty while the Company works to improve throughput grade.

Q2 2024 Plomosas Mine Production Overview

The Plomosas high-grade zinc mine (acquired in April 2023) was brought online in late 2023 and production continues to ramp up
Mill throughput in Q2 2024 was 9,256 tonnes, up 157% from 3,594 tonnes in Q1 2024.
Since the start of 2024, the average zinc grade was 14%, lead was 8.7% and silver was 43.7 g/t.
Over the last six months, the Company drilled 14,377 meters to support ongoing and future production.
Production at the start of Q2 2024 was approximately 100 tpd (tonnes per day), compared to no production in the same period last year.
Costs at Plomosas stabilized over the first six months of 2024 despite ongoing costs related to site improvements and mine development, resulting in a $0.2 million cost decrease in Q2 2024 compared to Q1 2024.

Plomosas High-Grade Zinc Mine Review

Following the acquisition of the Plomosas high grade zinc (lead-silver) mine in April 2023, the Company was focused on rehabilitating the mine, plant and equipment, and commenced limited start-up operations in late 2023 while initiating an extensive exploration program. During Q2 2024, the Company accelerated the production ramp-up at Plomosas and expects continued growth in production levels, reaching 150-170 tpd by the end of Q3 2024 and eventually design capacity levels by late 2024/early 2025 of 225 tpd.

This production ramp up is reflected in the current financial results and should continue to play a larger role over the balance of 2024 and into 2025. As the operation reaches design capacity, investors should anticipate higher overall revenue from the project and an ongoing decrease in per tonne operating costs, as was the case in Q2 2024 compared to Q1 2024.

Fred Davidson, President & CEO of IMPACT, stated, "During the second quarter, our team at Plomosas successfully met its objective of increasing production throughput following a substantive but continuing mine rehabilitation program. As we approach design capacity levels over the coming quarters, we expect to expand the mine's development and increase high-grade production activity at site. Meanwhile, our silver operations at Zacualpan are adapting to higher cost profiles by improving efficiencies in terms of grade and recoveries, which we expect to bear fruit in 2025. Our new discovery of the Keno vein is exciting and potentially the start of a trend of new higher grade production results beginning later this year."

Outlook - Grade Improvement at Zacualpan & Production Increasing at Plomosas

The Company's strong balance sheet provides it with a solid footing to continue to improve efficiencies at the Zacualpan silver-lead-zinc operation while allowing for ongoing production increases at the Plomosas high-grade zinc mine.

Through year-end 2024, management expects the production mix at Zacualpan to reflect higher grade mine development on the back of recently encouraging exploration results. The operation can be nimble as it seeks higher grade production mixes from its various legacy mines and new discoveries. Meanwhile at Plomosas, exploration activity is ongoing with up to two drill rigs working to develop the resource. These efforts should lead to ongoing improvement in Company-wide overall revenues while management expects cost pressures to continue to abate heading into 2025.

The Company's recent exploration success at Zacualpan and production increases at Plomosas reflects its position as one of just a handful of intermediate miners offering investors exposure to three distinct verticals within the mining sector, including exploration, production, and overall growth.

A recorded conference call reviewing the financial and production results of the quarter ended June 30, 2024 will be available on the Company website on August 21st, 2024 at https://impactsilver.com/media/conference-calls/.

The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful intermediate mineral producer and explorer with three mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $271 million, with no long-term debt.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is expected to reach design capacity production levels over the next six months. Exploration potential at Plomosas is exceptional where only 600m of the 6 km-long structure have seen modern exploration. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., VP Exploration and a Director of IMPACT, is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to continued ramp-up of operations, and improved operating revenues and decreasing costs.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, criminal activity, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, pandemics, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statements, except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
X (Twitter)

LinkedIn

[1] Mine operating earnings before amortization and depletion is a non-IFRS measure which the Company believes provides meaningful information about the Company's financial performance. See "Non-IFRS MEASURES".

SOURCE: IMPACT Silver Corp.

Took a position in Impact Silver today. https://www.stockwatch.com/News/Item/U-210848-U!ISVLF-20240528/U/ISVLF ... https://www.stockwatch.com/News/Item/U-208098-U!ISVLF-20240506/U/ISVLF

Impact Silver Intersects 213 g/t Silver over 17.30m Including 1,400 g/t Silver over 0.75m on New Discovery at Guadalupe Mine

https://www.newsfilecorp.com/release/208098

May 06, 2024 7:30 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 6, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL)

That ridiculous PP that cratered the share price certainly presents an opportunity. I added more shares to my stash, hoping to sell them for a buck apiece, which could be possible if the PoS and price of zinc cooperate and they don't do any more PPs like that. And if I do manage to sell these shares at that price, my cost basis will become zero for the shares I have left.

GLTY

LC

May take a starter position here...

IMPACT Silver Announces C$6.2 Million Non-Brokered Private Placement Financing

https://www.newsfilecorp.com/release/207415

April 30, 2024 11:25 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 30, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce a non-brokered private placement financing (the "Offering"), pursuant to the listed issuer financing exemption (LIFE) of National Instrument 45-106 Prospectus Exemptions ("NI 45-106") and other private placement exemptions under NI 45-106. The LIFE portion of the Offering is referred to in this news release as the "LIFE Offering". The Company intends to raise gross proceeds of up to $3,200,000 from the sale of up to 11,428,572 units (the "LIFE Units") at a price of $0.28 per LIFE Unit, and up to $3,000,000 from the sale of up to 11,111,111 standard private placement units (the "Standard PP Units") at $0.27 per Standard PP Unit. Each LIFE Unit will consist of one common share of the Company and one half common share purchase warrant (each whole such warrant, a "Warrant"), with each Warrant entitling the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price of $0.34 per Warrant Share for a period of 24 months from its date of issue. Each Standard PP Unit will consist of one common share of the Company and one full Warrant, with each Warrant entitling the holder thereof to acquire one Warrant Share at a price of $0.34 per Warrant Share for a period of 24 months from its date of issue.

The Company intends to use the proceeds from the Offering to accelerate exploration activity at its Plomosas high-grade zinc-lead-silver property located in Chihuahua, Mexico, further develop its prolific silver assets at its legacy Royal Mines of Zacualpan district, as well as invest in operational improvements to improve productivity and throughput as the price of silver nears 52-week highs. Exploration activities include sampling, target definition, and drilling with the intention of expanding the existing JORC mineral resource at Plomosas, where only 600m of the 6-kilometre-long structure has been tested. The region is known for hosting some of the largest carbonate replacement deposits in the world. As such, the Company intends to allocate a portion of the proceeds to continue development and grow production at the Plomosas high-grade zinc deposit as zinc prices continue to outperform on the back of forecasted supply deficits.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions, the LIFE Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the "Offering Document") related to the LIFE Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at impactsilver.com. Prospective investors should read this Offering Document before making an investment decision.

The Offering is scheduled to close on or about the week of May 15, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (the "Exchange"). The Company may pay finder's fees or commissions on a portion of the Offering, subject to compliance with the policies of the Exchange and applicable securities legislation. All common shares and Warrants issued as part of the Standard PP Units will bear a hold period of four months and one day from the date of issuance.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently re-commenced operations and has plans for expansion in 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $256 million.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:

Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to future silver prices, interpretation of drill results, future work plans, the timing of closing of the Offering, proceeds received and use of funds, the potential of the Company's projects, and potential and plans for the Plomosas project, are forward looking statements. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. There is no assurance that (i) the Company will be able to complete the Offering on the terms set out above, or at all, or (ii) that the proceeds of the Offering will be expended as contemplated.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement, except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707
www.impactsilver.com
Twitter
LinkedIn

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

SOURCE: IMPACT Silver Corp.

IMPACT Silver Intersects 10.22% Zinc over 8.6m Including 30.10% Zinc over 1.1m at the Plomosas Mine

https://www.newsfilecorp.com/release/205982

April 18, 2024 9:39 AM EDT | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL)

IMPACT Silver Intersects 6.9 Meters with 10.22% Zinc, 5.43% Lead and 27.7 g/t Silver in First Drill Results at the Plomosas Mine

https://www.newsfilecorp.com/release/194576

January 17, 2024 6:30 AM EST | Source: IMPACT Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - January 17, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL

IMPACT Silver Contracts Bell Internacional to Provide Tesla Battery Energy System with Solar at the Plomosas Mine

January 09, 2024 9:00 AM EST | Source: IMPACT Silver Corp.

https://www.newsfilecorp.com/release/193235

Vancouver, British Columbia--(Newsfile Corp. - January 9, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce that its Plomosas high-grade zinc mine, located in the State of Chihuahua in northern Mexico, has entered into a managed services contract with Bell Internacional de Mexico/TTN Energia for the planning, design, construction, and operation of Tesla Corp.'s commercial battery with solar, energy efficiency platform, expected to meaningfully reduce its operating costs and eliminate nearly all carbon emissions associated with round-the-clock, diesel powered generators.

The platform will provide a sustainable and green energy efficiency solution, using off-grid, PV (solar) green electrical energy generation and AI-controlled battery storage systems, that will cut nearly 90% the annual 2,400 metric tons of carbon dioxide emissions from diesel fuel combustion, thereby dramatically reducing IMPACT's carbon footprint at Plomosas.

About the Tesla Battery System with Solar

Clean electricity from a 2,200 kW solar plant will be supplied to an intelligent software controlled microgrid, equipped with a Tesla Megapack 2 XL 4-hour, 960 kW battery energy storage system (BESS), and continuously delivered to the load centers of the Plomosas mine, for current and future power demand requirements. The system will offer substantial power and expansion capacity for a near doubling of production from current design capacity levels.

Existing diesel generators will be kept onsite and activated automatically for occasional power generation support on consecutive cloudy or rainy days, and emergency backup. Notwithstanding, the battery's charge, which will be "topped up" regularly throughout daylight hours year-round, will be able to provide non-stop, clean power for up to 24 hours per day under current mine operation capacity.

Financial Implications

Immediate cost savings will take effect as contract pricing is based on a percentage of savings linked to the reduction of annual diesel usage, with "minimum saving safeguards" established to protect IMPACT should the price of diesel decline below an agreed upon "baseline" price that would otherwise reduce the amount of diesel cost savings to the Company.

Along with labour, diesel fuel is one of the largest operating costs at the Plomosas mine. No material capex is required by the Company for this project and savings are expected to amount to approximately 30-45% of the Company's current annual diesel input costs at Plomosas once the system is fully operational.

The Company anticipates the project to be fully integrated across the operation, providing nearly all the required power requirements to the Plomosas mine and plant by mid-Q2/2024.

President and CEO, Fred Davidson said, "We are thrilled to partner with world class contractors including Bell Internacional and TTN Energia, backed by the world-leading innovators at Tesla as we become the first truly green mining project. Shareholders can look forward to substantial cost savings and improving profit margins, as we solidify our position as a high-grade, low-cost zinc producer. Our first mover advantage will allow IMPACT to meaningfully reduce its carbon emissions while attracting the attention of potential partners, including some the world's most significant mining companies as we focus on growing production and exploration activity in 2024."

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company re-commenced operations in late 2023 and has plans for expansion in 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead. (see IMPACT news release dated January 18, 2016, for details and QP statement). The Company's engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $256 million.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., a Director and officer of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101, and has approved the technical information in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to future silver prices, interpretation of drill results, future work plans, the potential of the Company's projects, and potential and plans for the Plomosas project, are forward looking statements. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement, except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions, or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments, or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707
www.impactsilver.com
Twitter
LinkedIn

SOURCE: IMPACT Silver Corp.

If PMs behave as I expect this year, breaking upward in price in the second half of the year, IPT could reach a lonnie in price, though I'd be more comfortable with a target around 75 cents.

And of course it depends on how well they do with Plomosas, and whether they need to issue more shares to get it going. let's hope for a smooth restart.

LC

So what do you think Lone Clone? $50 silver for 2024 = ? prive of ISVLF Im thinking a Buck.

IMPACT Silver Announces Q3 2023 Results with Revenue Up 26% and Positive Operating Income

https://www.newsfilecorp.com/release/188228

Vancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") announces its financial and operating results for the third quarter and nine months ended September 30, 2023. The Company reports revenue of $4.8 million in Q3 2023, representing a 26% increase over revenue of $3.8 million in Q3 2022. The improvement in revenue is due to higher silver prices as well as increased gold and lead sales in the period compared to last year. Mine operating income (before amortization and depletion) in Q3 2023 was $0.01 million compared to a loss of $0.1 million in Q3 2022. The net loss in Q3 2023 was $1.5 million compared to a net loss of $1.2 million in Q3 2022 and includes significant G&A costs associated with the successful integration of the new Plomosas mine acquisition, which came online subsequent to quarter-end.

Q3 2023 and YTD Highlights:

The Company completed the final rehabilitation stages during the quarter to bring the Plomosas high-grade zinc mine back online subsequent to quarter-end.
After investing $3.8 million in exploration expenditures and mining assets during the quarter, the cash position remained strong at quarter-end at $8.9 million with working capital of $8.7 million.
YTD the Company has invested $7.3 million in exploration and mining assets of which $4.9 million was spent at Plomosas toward start up of operations.
The Company continues to have no long-term debt.

"Despite a challenging market, we are pleased with the performance of the Company in 2023. We have countered stagnant and declining commodity prices by substantially increasing our gold production while recently bringing online the transformative high-grade Plomosas zinc mine that will meaningfully diversify revenue and contribute to profitability as production continues to ramp up. With an eye on cost controls amidst a difficult inflationary environment coupled with a strong Mexican Peso, we continue to invest in exploration to improve silver grades at Zacualpan while aiming to grow our zinc resources and output at Plomosas," said Fred Davidson, President & CEO.

Zacualpan Silver District

The third quarter is typically a seasonally rainy period in the area leading to unpredictable production. In Q3 2023, mill throughput declined to 37,178 tonnes compared to 39,816 tonnes in Q3 2022. Despite this, revenue per tonne sold in Q3 2023 increased by 29% to $129.46 from $99.98 in Q3 2022. On a year-to-date basis, silver, lead and gold production have increased by 1%, 37% and 213%, respectively, while the average silver mill head grade was roughly flat at 160 g/t compared to 162 g/t in the same period of 2022.

The Company continued to focus on exploration and development of this mining district in Q3 2023 and spent $0.9 million on these programs.

Direct costs per tonne increased by 23% in Q3 2023 to $128.75 compared to $104.45 in the same period last year. Much of this increase is due to foreign exchange pressures stemming from the strength of the Mexican Peso, as well as ongoing inflation across the operation. Management has started to see some moderation of these negative effects late in the third quarter. As well, wetter than usual conditions during this rainy season led to higher transportation and processing costs.

Ongoing economic uncertainty and risk premiums have increased due to higher, sustained interest rates as well as growing geopolitical crises in Eastern Europe and the Middle East, resulting in a flight to safety to the US Dollar and selling pressure on commodities and other hard assets. While there are some expectations that interest rates have started to peak, investors remain risk-averse for the time being. Management has implemented strict cost controls but continues to invest in the operation, specifically through its ongoing exploration activities.

Plomosas High-Grade Zinc Mine

During the third quarter, the Company completed the finals steps to bring back online the 200 tpd Plomosas high-grade zinc mine in northern Mexico and subsequent to quarter-end, the mine successfully restarted production following a one-year hiatus (see IMPACT news release dated October 23, 2023). Plomosas adds significant and high-grade metal diversification through its zinc (-lead-silver) deposit as well as exciting exploration opportunities across the property's under explored area.

Exploration potential at Plomosas is exceptional with only 600m of the 6-kilometre-long structure assessed plus other exploration targets including untested copper-gold targets. Regionally, Plomosas lies in the same mineral belt as some of the largest CRD (carbon replacement deposits) in the world.

The Company currently has an offtake partner for material produced at Plomosas and has received several expressions of interest from other parties wishing to buy concentrate. As zinc prices continue to recover, management is considering expanding production beyond the current design capacity of 200 tpd.

Outlook

The Company's rehabilitation efforts at the Plomosas high-grade zinc mine, combined with the legacy silver producing assets at Zacualpan will provide substantial cash flow diversification and potential going forward. Management expects production to ramp up in early 2024 at Plomosas at a time when zinc prices have started to rebound due to reduced global supply levels stemming from the closure of higher cost, lower grade mines as well as other events impacting new supply. Meanwhile, some recent moderation in the Mexican Peso and indications of peaking inflation could bode well for margins going forward.

IMPACT maintains a strong balance sheet allowing for continued exploration at both mining districts. The Company has the potential to meaningfully add to production and resources at Plomosas which should lead to ongoing improvement in revenues and add shareholder value while management expects cost pressures to continue to abate heading into 2024.

The Company's growth is expected to reflect its strong position as one of just a handful of intermediate miners offering investors exposure to three distinct verticals across the silver and zinc mining sector, including exploration, production, and growth.

A recorded conference call reviewing the financial and production results of the quarter ended September 30, 2023 will be available on the Company website on November 23, 2023 at www.impactsilver.com/s/ConferenceCalls.asp.

The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful intermediate mineral producer and explorer with three mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead. (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $256 million.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company re-commenced operations and has plans for expansion in 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found on the Company website at http://www.impactsilver.com/. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Footnotes:
1. Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedarplus.ca.

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding the potential for defining and extending the known mineralization at Plomosas, and plans for drilling and future operations at the Company's projects.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

IMPACT Silver Announces Production Restart at the Recently Acquired Plomosas High-Grade Zinc Mine

https://www.newsfilecorp.com/release/184768

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to announce first production under the Company's ownership at the recently acquired high-grade Plomosas zinc deposit located in the State of Chihuahua in northern Mexico.

Following the acquisition of the Plomosas mine in April 2023 (see IMPACT news release dated April 3, 2023), the Company embarked on an extensive rehabilitation and upgrade program at the site, including inside the mine, at the mill and on all associated mobile equipment and infrastructure. As well, new technical and supervisory staff were added to restart production which had been halted since late 2022 under the previous owner.

Fred Davidson, President & CEO stated, "This is a tremendous milestone for our Company as we embark on our next phase of growth. When we bought the Plomosas mine earlier this year, we remained steadfast in our ability that we could bring the asset back into production on time and on budget. I would like to thank our exceptional technical team for a job well done. Our shareholders can now look forward to a diversified mix of high-grade zinc at Plomosas in addition to our legacy silver producing assets at the Royal Mines of Zacualpan, which are now in their 17th year of continuous production and revenue generation."

The Company has reached a significant milestone in shipping the first concentrate to the smelter after restarting production following an intensive effort initiated just five months ago. Mine planning and rehabilitation have been ongoing over the summer including replacing underground equipment and dewatering activities inside the mine. Scoop trams and underground trucks have been actively extracting material with volume increasing on a regular basis as initial processing levels have been achieved at the mill. Management will make modifications and adjustments as needed as it targets design processing capacity of approximately 200 tpd in H1/2024 with plans to then further expand production.



Images 1-2. - Mill Rehabilitation

To view an enhanced version of this graphic, please visit:
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ABOUT IMPACT SILVER

IMPACT Silver Corp. is a successful intermediate mineral producer and explorer with three mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details). Company engineers are reviewing Capire for a potential restart of operations. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $241 million.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc-lead-silver producer in northern Mexico with exceptional exploration upside potential where only 600m of the 6 km-long structure has been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found at www.impactsilver.com. X (Twitter) @IMPACT_Silver and LinkedIn https://www.linkedin.com/company/impactsilver

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to restart of operations at Capire , and exploration and production potential of the Company's projects.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement except as required by law.

IMPACT Silver Commences Trading on the U.S. OTCQB Exchange Under the Symbol ISVLF

https://www.newsfilecorp.com/release/182487

Vancouver, British Columbia--(Newsfile Corp. - October 2, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to announce that its shares are now trading in the USA on the OTCQB Market under the symbol "ISVLF". The Company's shares also continue to trade in Canada on the TSX Venture Exchange under the symbol "IPT".

The Company's upgrade to the OTCQB market along with ongoing eligibility for electronic clearing and settlement through The Depository Trust Company ("DTC"), is expected to provide investors with streamlined market standards and transparency in line with the Company's current obligations being listed on the TSX Venture Exchange. To qualify for the OTCQB, listed companies must meet stringent financial standards and provide top level corporate governance and compliance with applicable securities laws.

Fred Davidson, President & CEO stated: "The graduation of the Company's shares to the OTCQB not only points to the strong corporate profile of IMPACT Silver but is also timely as the Company embarks on the final steps of the transformational refurbishment of the recently acquired high-grade zinc mine at Plomosas, representing a significant growth step to complement our existing producing silver assets at the Royal Mines of Zacualpan."

The Company would like to thank Becky Popoff and B. Riley Financial for their sponsorship in this listing.

Investors can receive real-time quotes for the Company in the USA at www.otcmarkets.com.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful intermediate mineral producer and explorer with three mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead. (see IMPACT news release dated January 18, 2016, for details and QP statement, and Footnote 1 below for technical report reference) Company engineers are reviewing Capire for a potential restart of operations to leverage improved commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and have produced over 12 million ounces of silver, generating revenue more than $241 million.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc-lead-silver producer with exceptional exploration upside potential. The Company aims to recommence operations in the near term followed by plans for expanding operations in 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Footnotes:
1. Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedarplus.ca.

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding the potential for defining and extending the known mineralization at Plomosas, and plans for drilling and future operations at the Company's projects.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

IMPACT Silver Announces Q2 2023 Results with Revenue up 57% and Strong Operating Income

https://www.newsfilecorp.com/release/178451

Vancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the second quarter ended June 30, 2023. The Company reports revenue of $5.5 million in Q2 2023, representing a 57% increase over revenue of $3.5 million in Q2 2022. Mine operating income (before amortization and depletion) in Q2 2023 was $0.90 million compared to $0.03 million Q2 2022. The overall improvement in revenue is due in part to increased gold and silver sales. The net loss in Q2 2023 was $0.9 million compared to a net loss of $0.8 million in Q2 2022. The net loss in the period includes $0.5 million for G&A costs related to the new Plomosas acquisition as well as one-time costs related to the marketing of the Company's recent non-brokered private placement.

The Company maintains a strong balance sheet with $13.7 million in cash and no long-term debt. During the period, the Company completed a $9.0 million, non-brokered private placement and ended the quarter with working capital of $13.3 million.

On April 3, 2023, the Company closed the acquisition of the Plomosas zinc-lead-silver mine for a total purchase price of US$6.0 million, consisting of US$3.0 million in cash and the balance in the form of IMPACT shares (a total of 11,441,647 shares were issued and are subject to certain restrictions). Post closing adjustments are being made based on changes in working capital.

Zacualpan Silver District

The Company's average mill head grade of 163 g/t during the period was up 2% on a year over year basis, with increased gold production and sales in Q2 2023 from the new Alacran Mine. Higher overall production levels across the Company including silver, lead and gold helped contribute to a 63% increase in revenue per tonne of $155.67 in Q2 2023 compared to $95.44 in Q2 2022.

The Company continued to focus on exploration and development of the Royal Mines of Zacualpan and the Plomosas mining districts in Q2 2023 and spent $2.8 million on these programs.

Uncertainty revolving around the state of global economies have contributed to continued demand for precious and base metals during the period as investors continued their flight to safety to combat inflation. Moreover, there are strong signs that softer monetary policy is on the horizon as the rate of interest rate increases has started to slow, adding further support to silver and gold prices during the period. While cost inflation pressures continue to persist throughout the supply chain and labour network, much of the year over year cost increases are owed to negative foreign exchange pressures from the strengthening Mexican peso. This contributed to an increase in direct costs per production tonne in Q2 2023 of $130.67 compared to $94.86 in Q2 2022. Costs may continue to increase in 2023, albeit there is evidence of a slowing trend in this regard.

Plomosas High-Grade Zinc Mine

During the second quarter, the Company closed on its transformative acquisition of the Plomosas high-grade zinc mine in northern Mexico. The acquisition provides the Company with a meaningful new chapter as it expands IMPACT's production profile from one to two producing operations. Plomosas adds significant and high-grade metal diversification through its high-grade zinc deposit as well as exciting exploration potential across the property's largely unexplored property area.

During the quarter, the Company began a major rehabilitation program at the mine to bring the asset back into production following a near one-year hiatus. As of June 30, 2023, the Company was approaching the later stages of its planned rehabilitation at Plomosas both on time and on budget, including improvements and upgrades at the mine, mill, plant and surrounding infrastructure.

Fred Davidson, President & CEO of IMPACT, stated, "During the second quarter, our team at Zacualpan continued to execute on a grade-improvement and cost reduction plan which began in 2022. These efforts have started to bear fruit as seen with the increase in average grade milled and specifically, the impressive increase in gold production on a year over year basis. While cost pressures continue to persist, improvements and efficiencies across the system have started to offset these trends. Meanwhile, our transformative new Plomosas mine is on the doorstep to restarting production. This top-quartile in zinc grade mine is in an established mining region and will soon start to generate significant revenue diversification for the Company as we consider further potential expansion of this new producer in 2024."

Q2 2023 Financial Overview

On April 3, 2023, the Company paid a total of US$6.0 million to acquire the Plomosas zinc-lead-silver mine, consisting of US$3.0 million in cash and the balance in the form of IMPACT shares (a total of 11,441,647 shares were issued and are subject to certain restrictions). Post closing adjustments are being made based on changes in working capital, as agreed to between the two parties.

Revenue in Q2 2023 was $5.5 million, up from $3.5 million in Q2 2022. No revenue in Q2 2023 is attributed to the new Plomosas mine acquisition.

Mine operating earnings before amortization and depletion in Q2 2023 was $0.90 million, compared to $0.03 million in Q2 2022.

The net loss in Q2 2023 was $0.9 million compared to net loss of $0.8 million in Q2 2022 The net loss in the period includes $0.5 million for G&A costs related to the new Plomosas acquisition as well as one-time costs related to the marketing of the Company's recent non-brokered private placement.

After investing $2.8 million in exploration expenditures and mining assets during the quarter, the cash position remained strong at quarter-end with $13.7 million with working capital of $13.3 million.

During the quarter, the Company closed an oversubscribed, non-brokered private placement for an additional $9.0 million.

The Company has no long-term debt.

Q2 2023 Production Overview

Mill throughput in Q2 2023 was 35,753 tonnes compared to 37,183 tonnes in Q2 2022.

Silver production during the period increased by 1% to 155,744 oz compared to 154,001 oz in Q2 2022 while contributions from lead and gold saw production increases on a year-over-year basis of 49% and 383%, respectively.

Revenue per tonne sold was $155.67 in Q2 2023, representing an increase of 63% over the same period in 2022 of $95.44.

Direct costs per production tonne were $130.67 in Q2 2023, representing an increase of 38% over Q2 2022 costs of $94.86 per tonne. Much of this increase is due to foreign exchange, with the balance coming from inflation-related pressures in Mexico.

Exploration Review

At the Royal Mines of Zacualpan, management continues to focus its drill program in areas where it has seen ongoing success, such as the San Ramon and the Guadalupe Mine. Meanwhile, management is especially encouraged with developments at the Alacran mine as its elevated gold values could continue to improve the overall grade for the Zacualpan district operations and as a result, revenue per tonne.

Outlook

With a strong balance sheet, exploration potential at both of the mining districts, encouraging gold potential as well as the upcoming start-up of the Plomosas high-grade zinc acquisition, management believes the next 18 months will be transformative for the Company and its investors. These factors should lead to ongoing improvement in revenues while management expects cost pressures to continue to slow heading into 2024.

The Company's growth is expected to reflect its strong position as one of just a handful of intermediate miners offering investors exposure to three distinct verticals across the mining sector, including exploration, production, and growth.

A recorded conference call reviewing the financial and production results of the quarter ended June 30, 2023 will be available on the Company website on August 28, 2023 at https://impactsilver.com/media/conference-calls/.

The information in this news release should be read in conjunction with the Company's Q2 2023 unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful intermediate mineral producer and explorer with three mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead. (see IMPACT news release dated January 18, 2016, for details and QP statement, and Footnote 1 below for technical report reference) Company engineers are reviewing Capire for a potential restart of operations to leverage improved commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and have produced over 12 million ounces of silver, generating revenue more than $241 million.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc-lead-silver producer with exceptional exploration upside potential. The Company aims to recommence operations in the near term followed by plans for expanding operations in 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Footnotes:
1. Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedarplus.ca.

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding the potential for defining and extending the known mineralization at Plomosas, and plans for drilling and future operations at the Company's projects.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

IMPACT Silver Provides Construction Update at the High-Grade Zinc-Silver Plomosas Property, Mexico

https://www.newsfilecorp.com/release/175628

Vancouver, British Columbia--(Newsfile Corp. - August 1, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to provide an update from the recently acquired Plomosas high-grade zinc-silver mine in Chihuahua State, Mexico.

"Significant progress has been made at Plomosas as the team nears operational status at the mine. Since closing the acquisition of Plomosas, our experienced team is nearing a major milestone with all rehabilitation efforts in the final stages both on time and within budget. We are excited to bring the mine and plant back online after a near one year hiatus". said IMPACT Silver President & CEO Fred Davidson.

The Company expects the Plomosas mine to contribute to the Company's existing silver production located to the south, in Zacualpan, Mexico. By diversifying the Company to include a meaningful zinc component against the backdrop of strong medium and long term fundamentals, management is transforming IMPACT into a diversified and growing production company with significant exploration potential.

Rehabilitation Update

Plant: All necessary components of the mill have arrived on site or have been refurbished with assembly currently in the final stages. Testing and modification of the plant is expected to start in late summer, with ramp up to design capacity of nearly 200 tpd expected over the coming months. Construction is now approximately 85% complete.


Figure 1. Plant Rehabilitation

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Figure 2. Ball Mill & Flotation Cells

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Tailings Pond: The Company has applied for the expansion of the current tailings pond which is expected to add at least an additional two years capacity. Meanwhile, an additional tailings pond is in the planning stages to accommodate years of future production and growth.


Figure 3. Power Infrastructure Improvements

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Underground Mine: Refurbishments to ventilation, electrical and lighting systems are ongoing as activity increases underground. Mining has begun and is expected to ramp up as the Company deploys additional equipment to the mine including scoop trams and underground trucks. Underground drilling to better define and expand resources has begun and drill permits for surface brownfield and greenfield exploration targets have been received.


Figure 4. Underground Activity

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Mine Planning: The exploration team has initiated its first phase of the 2023-2024 mine plan. This includes extraction of high-grade material in line with previous grades in excess of 13% Zn.
Workforce & Personnel: There are currently 70 Company employees on site and another 25 contract workers. The Company is fortunate to have inherited a strong workforce after the acquisition closed and is adding positions in specific areas centred around engineering, exploration and day-to-day operations.
ESG: While generally remote, the Company engages with the nearest communities to ensure ongoing support and coordination. The State of Chihuahua provides the mine with a strong and experienced labour force from which to draw talent. The Company is currently studying proposals to reduce its reliance on fossil fuels with plans to be an industry leader in decarbonization in the mining sector.


Figure 5. Mill Feed Management

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ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful intermediate mineral producer and explorer with multiple mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead. (see IMPACT news release dated January 18, 2016, for details and QP statement, and Footnote 2 for report reference). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenues of more than $241 million.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc-lead-silver producer with exceptional exploration upside potential. The Company is working to recommence operations in the near term followed by plans for expanding operations. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with high-grade surface prospecting sampling1. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., a Director and officer of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Footnotes:

Reference: Alexandri, A. Gonzalez, H., & Salas, H. (2022). Plomosas Project (CZL), Field Visit Report. IMPACT Silver Corp. private report on field visits and compilation of historic and recent data, 56 pages.
Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedar.com.
Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding the potential for defining and extending the known mineralization at Plomosas and plans for drilling and future operations at the Company's projects.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

IMPACT Silver Provides Update on the Recently Acquired Plomosas High-Grade Zinc Mine

https://www.newsfilecorp.com/release/170691

Vancouver, British Columbia--(Newsfile Corp. - June 20, 2023) - IMPACT Silver Corp. (TSXV: IPT) ("IMPACT" or the "Company") is pleased to provide a corporate update on the Company's recently acquired, high-grade Plomosas zinc-lead-silver mine located in Chihuahua State, Mexico.

Following the completion of the Plomosas mine acquisition (see IMPACT news release dated April 3rd 2023), the Company immediately commenced an extensive program at site to revitalize and upgrade operations and equipment, and bring on new technical and supervisory staff. Planned upgrades will allow for an expansion of production and an aggressive exploration program has been prepared to potentially grow the size of the existing resource.

Mine, Mill and Plant:

The Company expects to initially restart production in 2H/2023 at levels that allow management to consider further modifications and efficiencies, where required. More meaningful production levels approaching design capacity as well as associated revenue is expected in 1H/2024.
Mine planning and rehabilitation have been ongoing while the Company replaces and repairs underground equipment including scooptrams and underground trucks.
The Company is in the process of replacing mill foundations while upgrading the ball mill, conveyor and crushing systems, and flotation cells. Design capacity of the mill is 150 tpd with plans to expand.
Plans are in place to expand the existing tailings pond and concurrently, a new larger tailings pond is in the design and permitting stages. These efforts will provide some additional capacity to re-establish and grow output at the mill in the near-term, while providing the Company with substantial tailings capacity for future production increases.
Substantial cost saving options are potentially available to the Company as management considers alternate electric power options as well as various changes in mining methods and mineral processing technologies.

Exploration:

The Company is preparing stations for an underground drill program in the mine and drilling permits have been submitted for the upcoming surface program. One Company-owned surface drill rig has arrived on site, and a second (underground) rig is currently being manufactured and is expected to be delivered mid-summer.
In addition to the high-grade resource already established at Plomosas, substantial exploration potential exists across the 6km long structure on the property with just 600m having been explored to date. The current JORC mineral resource1 by the previous operator totals 215,000 tonnes grading 13.5% zinc, 6.3% lead and 34.0 g/t silver (indicated), and 772,000 tonnes grading 13.1% zinc, 3.0% lead and 19.0 g/t silver (inferred), at a 3% zinc cut-off at December 2021.
In recent years, a significant amount of the mill feed came from outside the known resource, providing encouragement that exploration drilling may substantially increase the Plomosas' resource over time.
The Company expects to deliver drill results later on in 2023 and early 2024 from its maiden exploration programs.
Other exploration targets on the property include untested intrusion-related gold-copper targets with historical high-grade grab samples from surface prospecting.


Photo 1. Ongoing Work at Plomosas Mill

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ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful intermediate mineral producer and explorer with multiple mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead. (see IMPACT news release dated January 18, 2016, for details and QP statement below, and Footnote 3 for report reference). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenues of more than $241 million.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc-lead-silver producer with exceptional exploration upside potential. The Company aims to recommence operations in the near term followed by plans for expanding operations. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with high-grade surface prospecting samples2. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., a Director and officer of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101, and has approved the technical information contained in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Footnotes:
1. Plomosas mineral resources were reported by the previous mine owner, Consolidated Zinc Ltd. (CZL:ASX), on their website (https://www.consolidatedzinc.com.au) under the Australian JORC (2012) Code as mineral resources "depleted as at December 2021". IMPACT's Qualified Person has reviewed but not verified in detail these current reported mineral resources and is only reporting them as material recent mineral resources reported by CZL and available in the public record. IMPACT believes the estimates are relevant and reliable, given they are reported to Australian JORC standards; however, IMPACT's Qualified Person has not done sufficient work to classify them as current Canadian NI 43-101 mineral resources.

2. Reference: Alexandri, A. Gonzalez, H., & Salas, H. (2022). Plomosas Project (CZL), Field Visit Report. IMPACT Silver Corp. private report on field visits and compilation of historic and recent data, 56 pages.

3. Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedar.com.

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding the potential for defining and extending the known mineralization at Plomosas, and plans for drilling and future operations at the Company's projects.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

IMPACT Silver Announces Q1 2023 Results Including Improved Revenue of $5.1 Million from Increased Mill Throughput and Gold Production

https://www.newsfilecorp.com/release/167127

Vancouver, British Columbia--(Newsfile Corp. - May 23, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the first quarter ended March 31, 2023 from its Royal Mines of Zacualpan mine operations in central Mexico. The Company reports revenue of $5.1 million in Q1 2023, representing a 10.4% improvement over revenue of $4.6 million in Q1 2022. Mine operating earnings (before amortization and depletion) in Q1 2023 was $0.6 million. The net loss during the period was $0.3 million compared to a net loss of $0.06 million in the same period of 2022.

While the average silver grade in Q1 2023 was flat on a year-over-year basis at 162 g/t, a combination of higher overall production levels and additional gold production helped contribute to a 7% increase in revenue per tonne sold of $126.96 in the period compared to $118.34 in the same period of 2022.

Economic headwinds and global growth concerns have helped silver prices benefit recently from a flight to safety standpoint and as a hedge against inflation, however there is a growing consensus that the world's leading economies may escape a deep recession, thereby improving the industrial outlook for silver as well. The combination of all these factors have provided cautious optimism vis-à-vis silver pricing going forward. However, inflation across the value chain remains rampant, and while there is some indication that this trend is slowing, the quarterly direct costs per tonne increased to $111.79 in Q1 2023 compared to $90.01 in Q1 2022. Of this increase, 6% was due to inflation in Mexico and a further 18% was due to foreign exchange. Costs may continue to increase in 2023, albeit at a potentially slower rate.

During the quarter, the Company continued to focus on exploration and development of its mining district and spent $0.8 million on these programs. Working capital at March 31, 2023 was strong at $15.7 million while the Company continues to remain well funded with a cash position of $14.3 million at March 31, 2023. Subsequent to quarter-end, the Company closed an oversubscribed, non-brokered private placement for an additional $9.0 million. The Company has no long-term debt.

Fred Davidson, President & CEO of IMPACT, stated, "During the first quarter, we continued to deal with industry-wide inflation pressures within the supply chain as well as through our labour and support networks. Notwithstanding, our operations ran smoothly, and our team executed on improving production levels while also processing higher grade material which we expect will continue going forward. Our well-capitalized balance sheet will allow us to invest across the board, including in exploration, mine development and into our new high-grade Plomosas zinc-lead-silver mine, which we expect could potentially add significantly to revenue and earnings once up and running later this year and into 2024."

IMPACT continues to be one of the purest intermediate silver miners with more than 90%+ of Company revenue coming from silver. In the medium term, the Company's recent Plomosas acquisition should begin to provide it with commodity diversification, primarily from zinc and lead, as well as the potential for gold production down the road.

Q1 2023 Financial Overview

Revenue in Q1 2023 was $5.1 million, up from $4.6 million in Q1 2022 due to higher production levels and gold production.
Mine operating earnings before amortization and depletion in Q1 2023 was $0.6 million, compared to $1.1 million in Q1 2022.
Cash used in operations for the quarter was $0.6 million compared to $0.9 million in Q1 2022.
The net loss in Q1 2023 was $0.3 million compared to net loss of $0.06 million in Q1 2022.
After investing $0.8 million in exploration expenditures and mining assets during the quarter, the cash position remained strong at quarter-end with $14.3 million with working capital of $15.7 million.
Subsequent to quarter-end, the Company closed an oversubscribed, non-brokered private placement for an additional $9.0 million.
The Company has no long-term debt.

Q1 2023 Production Overview

Mill throughput in Q1 2023 was 38,688 tonnes compared to 36,143 tonnes in Q1 2022.
Silver production during the period increased by 10% to 167,050 oz compared to 151,645 oz in Q1 2022 while contributions from lead and gold saw production increases on a year-over-year basis of 19% and 154%, respectively.
Revenue per tonne sold was $126.96 in Q1 2023, representing an increase of 7% over the same period in 2022.
Direct costs per production tonne were $111.79 in Q1 2023, representing an increase of 24% over Q1 2022 costs of $90.01 per tonne. Most of this increase (18%) is due to foreign exchange, with the balance coming from inflation-related pressures in Mexico.

Exploration Review

Management has been running a focused drill program with success at the San Ramon silver vein system allowing for higher-grade silver feed while the Lipton silver vein systems at the Guadalupe Mine could provide for even further grade improvement at the processing level. The benefits of this exploration success are apparent in the most recent quarter. Notably, the Alacran mine appears to contain levels of gold mineralisation that could help improve the overall grade for the operation as the exploration team works through older workings at that location.

During the quarter, IMPACT announced greenfield drilling results from the San Antonio Zinc vein system including 2.30% Zn over 3.85 metres as well as 1.59 g/t Au and 1.04% Zn over 3.5 metres (see IMPACT news release dated January 4, 2023 for details).

The Company also drilled at the Aurora 2 zone, located 1.3 km northeast of the Capire processing plant and 16 km south of IMPACT's Guadalupe operations. Previous drilling at Aurora 2 included intersections of 625 g/t Ag over 1.88 metres and 420 g/t Ag over 2.50 metres (see IMPACT news release dated December 9, 2013). Recent step-out drilling included 128 g/t silver, 0.42 g/t gold, 0.76% lead and 1.84% zinc over 7.5 metres (see IMPACT news release dated February 16, 2023 for details). These results extend the Aurora 2 zone to the west. The zone has historically been grid drilled with 72 drill holes and remains open to the west and northeast.

Outlook

Management believes the Company is well-positioned as an intermediate miner offering investors exposure to three distinct verticals across the mining sector, including exploration, production, and growth.

IMPACT stands to benefit from several positive trends playing out within the Company and across the industry. Internally, the Company's production at its mill in Zacualpan is operating efficiently while grade is improving thanks to added gold production from the Alacran Mine. This trend is expected to continue throughout 2023 and into 2024.

Growth at Plomosas

Subsequent to the end of Q1 2023, the Company closed on the acquisition of a third mining district known as Plomosas. Plomosas is a high-grade zinc mine located in northern Mexico, just 150 km north of the city of Chihuahua. In April, the Company stopped milling operations temporarily to complete certain necessary upgrades with the objective of restarting production by late summer. Meanwhile, management sees considerable upside from exploration as it begins planned drilling at Plomosas in the coming weeks. The addition of production from Plomosas should impact the Company's financial profile in 2H 2023 and increase into 2024 as improvements are made to the mill and production is brought up to initial capacity levels.

A recorded conference call reviewing the financial and production results of the quarter ended March 31, 2023 will be available on the Company website on May 24, 2023 at www.impactsilver.com/media/conference-calls.

The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful intermediate mineral producer and explorer with three mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI?43-101 inferred mineral resource of over 4.5?million oz silver, 48 million lbs zinc and 21 million lbs lead. (see IMPACT news release dated January 18, 2016, for details and QP statement, and Footnote 1 below for report reference) Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $241 million.

Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc-lead-silver producer with exceptional exploration upside potential. The Company aims to recommence operations in the near term followed by plans for expanding operations through the balance of 2023 and into 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information in this news release.

On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement, future production potential of the Plomosas, Zacualpan and Capire projects.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

Footnote:
1. Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedar.com.

IMPACT Silver Announces 2022 Financial Results Including Positive Mine-Level Operating Earnings

https://www.newsfilecorp.com/release/159709

Vancouver, British Columbia--(Newsfile Corp. - March 24, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL)

Impact Silver Announces Results of Aurora 2 Drilling

https://www.newsfilecorp.com/release/155080

Vancouver, British Columbia--(Newsfile Corp. - February 16, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL)

IMPACT Silver Signs Binding Conditional Agreement to Purchase Plomosas Zinc-Lead-Silver Mine in Mexico

https://www.newsfilecorp.com/release/154322

Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce it has signed a Share Purchase and Sale Agreement (the "Sale Agreement") with Consolidated Zinc Limited (ASX: CZL) ("CZL") of Australia dated February 9, 2023 to purchase all of the outstanding shares of its subsidiary, Minera Latin America Zinc S.A.P.I de C.V. ("MLAZ"), which holds a 100% interest in the Plomosas zinc-lead-silver mine in the state of Chihuahua, northern Mexico.

HIGHLIGHTS

The acquisition will expand IMPACT's production profile from one to two producing operations – the Plomosas zinc-lead-silver district in northern Mexico and the Royal Mines of Zacualpan silver-lead-zinc(-gold) district in central Mexico.
The purchase price is US$6 million consisting of a minimum US$3 million cash and the balance in IMPACT shares plus a 12% net profit interest royalty to CZL. Completion of the transaction is anticipated on or before April 7, 2023.
CZL reported Plomosas JORC mineral resources1 of 215,000 tonnes grading 13.5% zinc, 6.3% lead and 34.0 g/t silver indicated, and 772,000 tonnes grading 13.1% zinc, 3.0% lead and 19.0 g/t silver inferred, at a 3% zinc cutoff at December 2021. IMPACT plans a drill program in 2023 to infill and test extensions of the known mineralization.
Plomosas is host to high grade mineralization. Historical mining is in the global upper quartile for zinc grade with approximately 2.5MT mined since 1943 grading 15-25% zinc, 2-7% lead and 40-60 g/t silver with low deleterious elements2.
CZL has been mining Plomosas since September 2018 except for some temporary short suspensions during Christmas. IMPACT plans to upgrade the mill and mine with the aim to continue mining followed by plans for expanding operations.
IMPACT's highly skilled operations team has 17 years of underground mining and flotation milling experience at Zacualpan which it will bring to advance the Plomosas operations.
Exploration potential at Plomosas is exceptional with only 600m of the 6 kilometre long structure assessed plus other exploration targets on the 3,019 hectare property including untested copper-gold targets. Regionally, Plomosas lies in the same mineral belt as some of the largest silver-lead-zinc carbonate replacement deposits ("CRD") in the world2.



CEO STATEMENT

Chairman and CEO Frederick Davidson commented, "We are truly pleased to acquire a second mining district after evaluating hundreds of projects over the years in an effort to grow IMPACT. Currently Plomosas is a relatively small mining operation on a large mineral system. Our goal is to upgrade and expand operations to optimize production from the large mineral system. Our Mexican technical team is exceptionally skilled in building and efficiently operating mines like this and we will bring our 17 years of underground operating experience at the Royal Mines of Zacualpan to hone and grow the Plomosas operations. The technical and management overlap with similarity of asset and operations provides great synergy for the transaction and represents near term growth of our production levels and value to shareholders."

PLOMOSAS PROJECT OVERVIEW

The Plomosas project is located 110 km by road from Chihuahua City, the state capital, which is a two-hour flight from Dallas, Texas, USA. The district was discovered in 1832 and has seen small scale mining since 1868. Historical mining is in the global upper quartile for zinc grade with approximately 2.5MT mined since 1943 grading 15-25% zinc, 2-7% lead and 40-60 g/t silver with low deleterious elements2.

The mine and mill are fully permitted, have an offtake smelter contract2 and have been in production by CZL since September 2018 except for some temporary short suspensions during Christmas. In 2021 CZL processed 31,695 tonnes producing 2,442 tonnes of zinc concentrate and 599 tonnes of lead concentrate. Mine access is by 3 portals reaching a depth of 250m below surface and an old shaft that can be refurbished2. Mineral is processed in a 200 tonne per day conventional flotation mill (recently operating under capacity) with plans to expand. IMPACT plans to upgrade the mill and mine with the aim to continue mining in the near term followed by plans for expanding operations. The Plomosas Property is subject to an underlying 1% Net Smelter Royalty.

The 3,019 hectare property covers extensive carbonate replacement deposit-type ("CRD") zinc-lead-silver mantos (beds) mainly hosted in carbonates (limestones, marbles). CZL reported Australian JORC mineral resources1 of 215,000 tonnes grading 13.5% zinc, 6.3% lead and 34.0 g/t silver indicated, and 772,000 tonnes grading 13.1% zinc, 3.0% lead and 19.0 g/t silver inferred, at a 3% zinc cutoff at December 2021. IMPACT plans a drill program in 2023 to infill and test extensions of the known mineralization.

Exploration potential at Plomosas is exceptional with only 600m of the 6 kilometre long structure assessed plus other exploration targets including untested copper-gold targets. Regionally Plomosas lies in the same mineral belt as some of the largest CRD deposits in the world (see Map 1)2. The historic Santa Eulalia Mine is the world's largest historic CRD deposit and is located 100km west of Plomosas (see Map 1). Historic production at Santa Eulalia was over 450Moz silver from 51MT averaging 350 g/t silver, 8.2% lead and 7.8% zinc and mined over 300 years. Reference to this nearby project is for information purposes only and there are no assurances that Plomosas will achieve similar results.

TERMS OF THE TRANSACTION

The material terms of the transaction are as follows.

IMPACT will pay the following consideration to CZL for a 100% interest in MLAZ, the Mexican subsidiary of CZL that owns a 100% interest in the Plomosas Project:

US$6 million consisting of a minimum US$3 million cash and the balance in IMPACT common shares (the "IMPACT Shares"). Closing adjustments based on working capital at closing are provided in the Sale Agreement;
Contractual restrictions on transfer will be applied to 75% of the IMPACT Shares, such that IMPACT Shares will be released from restriction in three equal tranches of 25% every 6 months over 18 months from closing. 25% of the IMPACT Shares will be immediately held by CZL (subject to a statutory 4 month hold period from the date of issuance of the IMPACT Shares); and
a 12% net profit interest ("NPI") royalty on production from the Plomosas project to CZL.
It is anticipated that upon closing and assuming US$3 million payment made in IMPACT Shares, CZL will hold approximately 6% of the issued capital in IMPACT. The deemed per share price will be determined in accordance with the Sale Agreement and will be the 20 day VWAP before the date of the Sale Agreement or an equivalent price to an IMPACT financing, should one be conducted before closing.

Completion of the Sale Agreement is subject to certain industry standard closing conditions for a transaction of this kind (the "Conditions") being satisfied or waived by March 31, 2023. Completion is expected to occur within 7 days of the Conditions being satisfied or waived. Conditions include, among others, TSX Venture Exchange approval of the purchase of MLAZ and the issuance of IMPACT Shares as partial consideration.

IMPACT has cash on hand to close the Sale Agreement, but may conduct a financing in the near-term for additional working capital.

ABOUT CONSOLIDATED ZINC LIMITED

Consolidated Zinc Limited is an Australian junior exploration company listed on the Australian Stock Exchange (ASX: CZL). It owns 100% interests in the Pilbara Lithium and Wandagee Projects, which comprise approximately 1,400km2 in 5 granted exploration licences (plus 1 EL Application), located in the Pilbara and Gascoyne regions of Western Australia. The Pilbara Projects are highly prospective for lithium and situated near two of the world's largest hard rock lithium deposits/mines (PLS – Pilgangoora & MIN – Wodgina) and other deposits and occurrences near Marble Bar (GL1's Archer Project). Consolidated Zinc also owns the Plomosas Mine (Mexico) where, as described in this news release, Consolidated Zinc has signed a binding conditional sale agreement with IMPACT Silver for the sale of the Plomosas project for US$6 million (cash and shares) plus a 12% NPI royalty.

Jett Capital Advisors, LLC are acting as advisor to Consolidated Zinc Limited.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project where three underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details and QP statement, and Footnote 3 below for report reference). Company engineers are reviewing Capire for a potential restart of operations. Over the past 17 years, IMPACT has placed multiple zones into commercial production and produced over 11.5 million ounces of silver, generating revenues over $230 million, with no long-term debt.
Plomosas Zinc-Lead-Silver District: IMPACT signed the sale agreement with Consolidated Zinc Limited (ASX: CZL) of Australia to purchase the 30 km2 Plomosas property and mining operations for US$6 million (cash and shares) plus a 12% net profits interest. Plomosas is a high grade zinc-lead-silver producer with exceptional exploration potential. Upon closing of the purchase / sale transaction, IMPACT plans to upgrade the mill and mine with the aim to recommence operations in the near term followed by plans for expanding operations. Exploration potential at Plomosas is exceptional with only 600m of the 6 kilometre long structure assessed plus other exploration targets including untested copper-gold targets. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits ("CRD") in the world.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.newsfilecorp.com/redirect/moaM0fp55n?r=aHR0cHM6Ly9jYS5maW5hbmNlLnlhaG9vLmNvbS8=.

Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release. Mr. Gorzynski is Vice-President, Exploration and a director of IMPACT.

On behalf of IMPACT Silver Corp.

"Frederick W. Davidson"

President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
O: (604) 681 0172 or inquiries@impactsilver.com
C: (778) 887 6489 Direct

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

Footnotes:
1. Plomosas mineral resources are reported by Consolidated Zinc Ltd. (ASX: CZL) on their website (https://www.newsfilecorp.com/redirect/kzZM0TLKKx?r=aHR0cHM6Ly9jYS5maW5hbmNlLnlhaG9vLmNvbS8=) under the Australian JORC (2012) Code as mineral resources "depleted as at December 2021". IMPACT's Qualified Person has reviewed but not verified in detail these current reported mineral resources and is only reporting them as material recent mineral resources reported by CZL and available in the public record. IMPACT believes the estimates are relevant and reliable, given they are reported to Australian JORC standards; however, IMPACT's Qualified Person has not done sufficient work to classify them as current Canadian NI 43-101 mineral resources.
2. Reference: Alexandri, A. Gonzalez, H., & Salas, H. (2022). Plomosas Project (CZL), Field Visit Report. IMPACT Silver Corp. private report on field visits and compilation of historic and recent data, 56 pages.
3. Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedar.com.

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding completion of the Plomosas agreement and estimated timing thereof, the potential for defining and extending the known mineralization, and plans for drilling and future operations at the Company's projects or plans for financing.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitation, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, pandemics and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement or beliefs, opinions, projections or other factors, except as required by law.

At Zacualpan, the Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101, the Company is required to disclose that it has not based its Zacualpan production decisions on NI 43-101 mineral resources or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone 604 664-7707
www.impactsilver.com
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Figure 1: Location map of Plomosas Mine and nearby mines and infrastructure. References to nearby projects are for information purposes only and there are no assurances that Plomosas will achieve similar results.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4729/154322_e46adc43d447582c_001full.jpg



Figure 2: Schematic cross section of Plomosas Mine mineralization (from CZL website).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4729/154322_e46adc43d447582c_002full.jpg

IMPACT Silver Announces Results of Greenfields Drilling

https://www.newsfilecorp.com/release/150252

Vancouver, British Columbia--(Newsfile Corp. - January 4, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL)

IMPACT Silver Announces Q3 2022 Results Revenue of $3.8 Million, Mine Operating Loss of $0.5 Million

https://www.newsfilecorp.com/release/145621

Vancouver, British Columbia--(Newsfile Corp. - November 24, 2022) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL)

Carlyle Terminates the Cecilia Project Option with Riverside Resources and Provides Corporate Updates

https://www.newsfilecorp.com/release/124302

Vancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) ("Carlyle" or the "Company") announces that it has given notice to Riverside Resources Inc. (the "Optionor") to terminate Carlyle's option to acquire a 100% interest in the Cecilia Silver-Gold Project (the "Cecilia Project"), consisting of 7,739 hectares located in Sonora, Mexico. The Cecilia Project was optioned to the Company pursuant to an option agreement (the "Option Agreement") dated July 13, 2020, between the Company and the Optionor.

For additional information on the Option Agreement and the Cecilia Project, please see the news release dated July 15, 2020, available under the Company's profile on SEDAR at www.sedar.com.

Appointment of New Corporate Secretary

Carlyle would also like to announce the appointment of Ms. Damien Good as its new Corporate Secretary. Ms. Good brings with her seven plus years of consulting experience in the areas of corporate development, investor relations, corporate finance, accounting, and secretarial assistance within public and private companies in sectors such as mining, health care and technology. She currently serves as director or officer for two BC companies. Ms. Good's level of expertise and organization will undoubtedly garner her as a valuable asset for the Company moving forward.

Furthermore, Carlyle would like to announce the resignation of its current Corporate Secretary, Andrew Brown. The Company thanks Mr. Brown for his many efforts and support and wishes him all the best in his future endeavours.

About Carlyle

Carlyle is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Carlyle owns 100% of the Newton Gold Project in the Clinton Mining Division of BC. The Company also holds an option to earn a 100% interest in the promising Sunset property located in the Vancouver Mining Division near Pemberton, BC, Carlyle is based in Vancouver, BC, and is listed on the CSE under the symbol "CCC".

ON BEHALF OF THE BOARD OF DIRECTORS OF

CARLYLE COMMODITIES CORP.

"Morgan Good"

Morgan Good
Chief Executive Officer

For more information regarding this news release, please contact:

Morgan Good, CEO and Director

T: 604-715-4751
E: morgan@carlylecommodities.com
W: www.carlylecommodities.com

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Riverside Resources and Hochschild Mining Sign Exploration Earn-in Option Agreement Valued at over US$31,000,000 for La Union Project Sonora, Mexico

https://www.newsfilecorp.com/release/124298

Vancouver, British Columbia--(Newsfile Corp. - May 17, 2022) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY)