Silicon Metals Corp. Completes Acquisition of Crystal Hills Project

Executive Summary

• Silicon Metals Corp. closed its previously announced acquisition of the Crystal Hills Project in Clarkson Township, Ontario.
• Consideration consisted of issuance of 2,000,000 common shares and a cash payment of $85,000 to the Target’s shareholders.
• The transaction gives Silicon 100% ownership of a 400‑hectare quartzite property with high‑purity (≥98% SiO₂) material and favorable topography for future extraction.

Key Details

• Target: 1504947 B.C. Ltd., holder of 100% interest in the Crystal Hills Project.
• Consideration:
• 2,000,000 Silicon Metals common shares issued to Target shareholders.
• Cash payment of $85,000 made at closing.
• Project Description:
• Five mineral claims comprising 18 cells covering ~400 ha.
• High‑purity crystalline quartzite formation; surface expression as a series of hills tens of metres high and hundreds of metres wide, with ~3 km strike length.
• Historical sampling shows >98% SiO₂ quartzite material.
• Accessible via existing roads, adjacent to highway, with nearby rail services.
• Share Release Schedule (legended shares):
• Closing date – 0% released.
• 6‑month anniversary – 25% released.
• 12‑month anniversary – 50% released.
• 18‑month anniversary – 75% released.
• 24‑month anniversary – 100% released.
• Related Party Disclosure:
• Director Raymond Wladichuk is a shareholder of the Target; transaction qualifies for MI 61‑101 exemptions because consideration does not exceed 25% of Silicon’s market cap.
• Wladichuk abstained from board vote and disclosed his interest.
• Qualified Person: Raymond Wladichuk, P.Geo., reviewed and approved technical information per NI 43‑101.
• CEO Comment (Morgan Good): “With the formal closing of this transaction our team can focus more on exploration advancements of Crystal Hills… Silicon plans to update the market as more ground efforts are completed in due course.”

Notable Quotes

“With the formal closing of this transaction our team can focus more on exploration advancements of Crystal Hills, as it continues work at Maple‑Birch, the Company's permitted for production asset.” – Morgan Good, CEO & Director

All forward‑looking statements are subject to risks and uncertainties detailed in the release.