Santacruz outlines Soracaya mine plan and permitting

Executive Summary

• Santacruz Silver Mining Ltd. has initiated development activities and begun the permitting process for its wholly‑owned Soracaya project in Bolivia, moving the project toward a production decision.
• A preliminary mine plan has been completed, highlighting the high‑grade, silver‑rich nature of the resource and supporting the company’s strategy to expand its Bolivian production base.
• The company engaged Atrium Research Corp. to provide paid research services for 24 months, compensating $3,500 per month.

Key Details

• Development activities at Soracaya include preparation of a preliminary mine plan and submission of permitting applications required for full‑scale construction.
• The Soracaya resource is characterized by high‑grade silver mineralization along reactivated faults with replacement and brecciated sulphides; over 29.6 km of drilling across more than 90 holes have been completed since 1999.
• Completion of permitting and advancement toward construction are identified as the next major milestones; a final construction decision will be communicated at a later date.
• Executive Chairman & CEO Arturo Prestamo emphasized that Soracaya is a “cornerstone growth project” and will add another producing mine to Santacruz’s portfolio while maintaining disciplined cost control.
• Atrium Research Corp. will deliver research reports and recorded interviews for 24 months starting Dec. 1, 2025, in exchange for cash compensation of $3,500 per month.
• Atrium and its insiders hold no equity or options in Santacruz; the relationship is arm’s‑length.
• Qualified Person Garth Kirkham, P.Geo., has reviewed and approved all scientific and technical information in this release under NI 43‑101.

Notable Quotes

“With the preliminary mine plan in place and the permitting process under way, Soracaya is emerging as a cornerstone growth project for Santacruz in Bolivia… we are laying the foundation to add another producing mine to our portfolio while we keep a disciplined approach to cost control and operations improvements.” – Arturo Prestamo, Executive Chairman & CEO, Santacruz Silver Mining Ltd.