Safi Silver Issues Stock Options and Restricted Stock Units

Executive Summary

• Safi Silver Corp. issued 750,000 stock options to a director and 3,300,000 restricted share units (RSUs) to directors and officers under existing company plans.
• Damian Lopez resigned as Corporate Secretary, with CFO Paul Bozoki assuming the role of Corporate Secretary.
• All grants are subject to TSX Venture Exchange approval and were approved by shareholders in March 2026.

Key Details

• Stock Options: 750,000 options issued to a director; exercisable into common shares at $0.40 per share for a period of five years from the date of grant.
• Restricted Share Units (RSUs): Total of 3,300,000 RSUs issued to certain directors and officers.
• Vesting Schedule: Two-thirds of RSU grants vest on the one-year anniversary; remaining one-third vests on the second-year anniversary.
• Stock Option Plan: 10% rolling stock option plan approved by shareholders at annual/special meeting held March 5, 2026.
• RSU Plan: Fixed security compensation plan approved by shareholders at annual/special meeting held March 5, 2026.
• Management Change: Damian Lopez resigned as Corporate Secretary; Paul Bozoki (CFO) appointed to take on the role of Corporate Secretary.
• Regulatory Status: Grant subject to approval of TSX Venture Exchange.

Notable Quotes

• None provided in release.