BP Silver Strengthens Management Team with the Appointment of Country Manager Bolivia

Executive Summary

• BP Silver Corp. announces the immediate appointment of Hernán Uribe as Country Manager for Bolivia to oversee regional operations, government/community relations, and exploration strategy.
• The Company granted Mr. Uribe 200,000 stock options as part of his compensation package under the Company's existing stock option plan.
• The release also clarifies the payment terms for a previously announced engagement with Atrium Research Corporation, confirming an upfront cash consideration.

Key Details

• Appointment: Hernán Uribe appointed Country Manager Bolivia, effective immediately. Responsibilities include overseeing operations/exploration in Bolivia, government and community relations, strategic planning, and project advancement.
• Option Grant: 200,000 stock options granted to Mr. Uribe. Exercise price: C$1.10 per Common Share. Term: Five years from date of grant.
• Atrium Research Engagement Clarification: Confirms that C$51,300 cash consideration for the research engagement will be paid upfront. Any amendments to the agreement remain subject to TSX Venture Exchange prior approval.
• Professional Background: Mr. Uribe is a professional geologist with 25+ years of experience in mineral exploration and mine development. Former senior roles include positions at Billiton, Eaglecrest Exploration, New World Resources, Apogee Minerals, Lydian International, and New Pacific Metals Corp.
• Education & Certifications: Degree in geology from Universidad Mayor de San Andres (UMSA), Bolivia. Completed specialized courses in mineral exploration and mineral deposit evaluation at Imperial College of Science and Technology, Royal School of Mines, London.
• Project Context (Cosuño): Discussion of the Cosuño Project's geological characteristics, noting significant surface silver values, a widespread hydrothermal footprint over 10 square kilometers, and location along the Kenayani Fault Zone within the Bolivian Silver Belt.
• Phase 1 Drilling Reference: Noted exceptional results from the Company's initial Phase 1 drilling campaign at Cosuño, which delivered mineralization at every target tested.

Notable Quotes

• Tim Shearcroft, Founder & CEO: "Mr. Uribe was instrumental in sourcing the Carangas Project for New Pacific Metals Corp., regarded as one of the most significant silver discoveries of the past 20 years, and overseeing more than 80,000 meters of drilling over a two-year period, culminating in the definition of a substantial silver resource."
• Hernán Uribe, Country Manager Bolivia: "What attracted me most to BP Silver is its flagship project Cosuño. It shares many important geological characteristics with some of Bolivia's most significant silver discoveries. Like Carangas, Cosuño hosts significant silver values at surface rather than the more typical barren lithocap found at most Bolivian silver deposits. That makes exploration considerably less risky and much more straightforward."