Outcrop Silver receives $4.14M from warrant exercise

Executive Summary

• Outcrop Silver & Gold Corp. received $4,145,742 from the exercise of 18,774,099 common share purchase warrants at an average price of $0.22 per warrant.
• The company’s ongoing drilling program at the Santa Ana high‑grade silver project in Colombia has now completed over 21,000 m in 2025 and the annual drilling target was increased to 31,000 m.
• The expanded drill program is intended to support a resource update slated for Q1 2026.

Key Details

• Warrant Exercise Proceeds: $4,145,742 received from 18,774,099 warrants exercised at an average price of $0.22 per warrant.
• Origin of Warrants: Primarily issued in connection with the financing completed on September 22 2022.
• Drilling Activity – Current Year (2025): More than 21,000 metres drilled to date across three rigs operating at the Santa Ana project in Colombia.
• Revised Drilling Estimate for 2025: Increased from an original target of 24,000 m to a new target of 31,000 m.
• Resource Update Timeline: The expanded drilling program is expected to underpin a resource update scheduled for the first quarter of 2026.
• Qualified Person: Technical information reviewed and approved by Guillermo Hernandez, CPG‑AIPG, Vice‑President Exploration, Outcrop Silver & Gold Corp., qualified under NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)