Magma Silver begins summer work at Ninobamba

Executive Summary

• Magma Silver Corp. has launched a Q3 summer work program to define drill targets for a planned Q4 drilling campaign at the Ninobamba silver‑gold project in Peru.
• The program will focus on the Jorimina and Randypata deposits, revisiting historic New Mont drilling that may have missed significant silver‑gold zones, including an untested two‑kilometre‑long silver anomaly at Randypata.
• Management will present updates on the upcoming Q4 drill program at several industry conferences later in 2025.

Key Details

• The work program is intended to refine drill targets and evaluate overlooked mineralized zones identified from historic New Mont data (3,536 rock samples, 2,988 channel samples, ~8,000 m of drilling).
• Historic New Mont hole JM‑01 returned 1.19 g/t Au over 72.3 m (53.1–125.4 m) and 1.07 g/t Au over 24.6 m (184.75–209.35 m).
• Management believes tighter drill spacing is needed around JM‑01 to better understand the geometry of gold‑silver mineralization.
• The prospective Randypata silver zone exhibits a two‑kilometre‑long surface anomaly that has never been drilled.
• Senior geologist Edgar Leon will lead field work; senior technical adviser Jeffrey Reeder, P.Geo., will supervise and act as Qualified Person under NI 43‑101.
• Upcoming investor outreach: Precious Metals Summit (Beaver Creek, Sep 9‑12 2025), Swiss Mining Institute Conference (Zurich, Nov 20‑21 2025), 121 Mining Investment Conferences in London (Nov 17‑18 2025) and Dubai (Nov 26‑27 2025).
• Investors will receive an updated corporate presentation and fact sheet.

Notable Quotes

“We are excited to start a work program at the advanced Ninobamba silver‑gold project focused on the Jorimina and Randypata deposits… The work being carried out will assist in refining drill targets for our planned Q4 drill program as well as expand our overall knowledge of the deposits.” – Stephen Barley, Chairman & CEO

All technical information has been prepared or supervised by qualified person Jeffrey Reeder, P.Geo., under NI 43‑101.