Magma Silver increases private placement to $5-million

Mr. Stephen Barley reports MAGMA SILVER ANNOUNCES UPSIZE OF PRIVATE PLACEMENT TO $5 MILLION Due to strong investor demand, Magma Silver Corp. has upsized its previously announced non-brokered private placement from $4-million to $5-million in aggregate gross proceeds. The offering will consist of up to 33,333,334 units of the company at a price of 15 cents per unit. Each unit will be composed of one common share of the company and one-half of one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at an exercise price of 25 cents per common share for a period of 36 months following the closing of the offering. The company intends to use the net proceeds from the offering for exploration at the Ninobamba silver-gold project in Peru, working capital and general corporate purposes. The offering is anticipated to close on or about Oct. 22, 2025, or such later date as the company may determine. The closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. In connection with the offering, the company has appointed Research Capital Corp. as the exclusive finder, and the company will pay RCC a finder's fee in cash and issue RCC finder's warrants on any funds raised by investors introduced to the company by RCC. About Magma Silver Corp. Magma Silver is a natural resource exploration company with a focus on acquiring, exploring, developing and operating precious metal mining projects. Listed on the TSX Venture Exchange, OTCQB and Frankfurt exchange, the company has a primary focus on exploring and developing the advanced Ninobamba silver-gold project in the mining-friendly country of Peru. Ninobamba spans an eight-kilometre mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corp., AngloGold Ashanti Ltd., Bear Creek Mining Corp. and others has demonstrated significant resource potential with over $14.5-million invested to date. Magma Silver is advancing its Ninobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru. We seek Safe Harbor.