Silverco Mining Provides Corporate and Operational Update on the Cusi Property in Mexico Following Listing

Executive Summary

• Silverco Mining Ltd. completed its TSXV listing via a reverse takeover on October 17 2025 and is now publicly traded.
• The company has raised C$25 million in private financing over the past 18 months, providing a strong cash position to advance the fully‑permitted Cusi Property toward production in H2 2026.
• A 15,000‑metre drill program is underway with results expected Q4 2025–Q1 2026; a maiden NI 43‑101 resource estimate is slated for Q4 2025 followed by a preliminary economic assessment in Q1 2026.

Key Details

• Listing Completion: Reverse takeover of Silverco Mining Corp. finalized on 17 Oct 2025; shares now trade on the TSXV Venture Exchange (TSXV: SICO).
• Capital Raised: C$25 million raised privately over the last 18 months, including an oversubscribed recent financing round.
• Cusi Property Overview: 100 % owned, fully permitted underground silver‑lead‑zinc mine with a 1,200 t/d mill; historic resource (2020) totals ~5.36 Mt Measured + Indicated at 215 g/t AgEq.
• Drilling Activity:
• Completed 5,500 m drill campaign in 2024 on San Miguel & La Bamba inset claims and Eduwiges extensions; results pending.
• Current 15,000 m program with two rigs targeting high‑grade zones; additional drilling through year‑end 2025.
• Resource & Economic Milestones:
• Maiden NI 43‑101 mineral resource estimate planned for Q4 2025.
• Preliminary Economic Assessment (PEA) scheduled for Q1 2026 to support production restart.
• Production Timeline: Targeting first production in the second half of 2026 from the Cusi Property.
• Strategic Acquisitions: Acquisition of San Miguel and La Bamba inset claims adds a third mining zone, increasing potential tonnage.
• Management Vision: Aim to become a 10 + million‑ounce annual silver producer within three years through development of Cusi and accretive acquisitions.
• Qualified Person: Nico Harvey (VP Project Development) has reviewed and approved all technical content per NI 43‑101.

Notable Quotes

“The completion of our listing on the TSXV marks a major milestone for Silverco. With a strong treasury, an experienced technical team, and a high‑quality asset in the fully permitted Cusi Property, we are well positioned to execute on our plan to enter production in the second half of 2026.” – Mark Ayranto, President & CEO

All forward‑looking statements are subject to risks and uncertainties that could cause actual results to differ materially.