Argenta Silver closes $2.5-million investment by Tyrus

Mr. Joaquin Marias reports ARGENTA SILVER ANNOUNCES CLOSING OF ADDITIONAL INVESTMENT OF C$2.5 MILLION Argenta Silver Corp. has closed its previously announced investment of $2.5-million by Tyrus SA, an affiliate of Eduardo Elsztain, on the same terms as its previously announced bought deal private placement, and pursuant to an investor rights agreement dated April 28, 2025. Under the pro rata investment, an entity controlled by Mr. Elsztain acquired 6.25 million units of the company at the offering price, separate and apart from the offering. Each Elsztain unit consists of one common share of the company and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of 60 cents at any time on or before Aug. 12, 2028. The company intends to use the net proceeds from the pro rata investment for the exploration and advancement of the company's 100-per-cent-owned El Quevar project in Salta province, Argentina, as well as for working capital and general corporate purposes. The closing of the pro rata investment remains subject to the final approval of the TSX Venture Exchange. The securities issued pursuant to the pro rata investment are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date, being Dec. 13, 2025. Early warning As disclosed in the company's news releases dated March 13 and May 2, 2025, IFIS Ltd., an entity controlled by Mr. Elsztain, initially completed a strategic investment in the company subscribing for 25 million common shares and 5.2 million purchase warrants exercisable at 26 cents for a period of five years from the date of issue, for total gross proceeds of $5-million. Following the initial strategic investment, Mr. Elsztain, through such affiliate, owned and/or controlled indirectly, approximately 12.69 per cent of the total issued and outstanding common shares and 14.94 per cent on a partially diluted, and while immediately following the closing of the offering and pro rata investment, Mr. Elsztain, through IFIS and Tyrus, owned and/or controlled directly or indirectly 31.25 million common shares and 8,325,000 warrants to purchase common shares, representing 12.57 per cent of the outstanding common shares and 15.40 per cent on a partially diluted basis. The company is advised that such affiliates, controlled directly or indirectly by Mr. Elsztain (i) acquired the above mentioned securities for investment purposes, (ii) intend on reviewing investments in the company's securities on a continuing basis and such holdings may be increased or decreased in the future, the whole in the context of the investor rights agreement, and (iii) may in the future acquire or dispose of common shares through the open market, privately or otherwise, as circumstances or market conditions dictate. A copy of the early warning report filed by Mr. Elsztain may be obtained from the company's SEDAR+ profile. The purchase of the 6.25 million Elsztain units constitutes a related party transaction for the purposes of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities issued to the insiders nor the fair market value of the consideration for the securities issued to the insiders exceeds 25 per cent of the company's market capitalization as calculated in accordance with MI 61-101. The company did not file a material change report containing all of the disclosure required by MI 61-101 more than 21 days before the expected closing date of the offerings as the aforementioned insider participation had not been confirmed at that time and the company wished to close the offerings as expeditiously as possible. About the El Quevar project The El Quevar project is located in Salta, Argentina, and spans an area of 57,000 hectares. The property remains underexplored with less than 3 per cent of the area covered with comprehensive exploration work. The property boasts exceptional infrastructure with over 60 kilometres of internal roads, a fully owned, fully operational camp for 100 workers with multiple support buildings, and a railroad, gas pipeline and service road just three kilometres from camp, while a high-voltage transmission line lies approximately 20 km from the exploration area. The robust infrastructure associated with the project provides a cost-effective platform to derisk and accelerate future drilling and development. The foundational mineral resource estimate of the Yaxtche deposit boasts an indicated mineral resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 grams per tonne Ag, and an inferred resource of 4.1 million ounces from 310,000 tonnes grading 417 g/t Ag. The mineral resource area remains open at depth and in multiple directions, particularly to the southeast and northwest. One of the objectives of the continuing 2025 winter drilling program is to specifically target and expand these high-grade Yaxtche zones. The mineralization at the Yaxtche deposit is defined as a silver-rich high to intermediate-sulphidation epithermal system with associated gold. Mineralization is controlled by northwest-southeast and northeast-southwest fault structures and is mainly hosted in brecciated zones and dacite domes. Silver minerals at Yaxtche consist of complex silver sulphides, sulphosalts and native silver. These minerals are found within silicified breccias, commonly appearing as veinlets, stockworks, disseminations and breccia fillings. Qualified person Rob van Egmond, PGeo, a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release. Rob van Egmond, PGeo, has visited the El Quevar project and is not independent of the company. About Argenta Silver Corp. Argenta Silver is a silver exploration company committed to advancing projects that support the global energy transition. The company's mission is to create sustainable, long-term value for shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions across Latin America. Led by an experienced management team with deep expertise in exploration, finance and project development, Argenta emphasizes responsible mining practices and is well positioned to meet the rising demand for silver -- a critical metal in renewable energy and emerging technologies. We seek Safe Harbor.