Argenta Silver increases bought deal to $17-million

Mr. Joaquin Marias reports ARGENTA SILVER ANNOUNCES UPSIZE OF BOUGHT DEAL LIFE PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$17 MILLION As a result of strong investor demand, Argenta Silver Corp. has increased the size of its previously announced bought deal basis private placement from gross proceeds of $10-million to gross proceeds of $17-million. Pursuant to the upsized Underwritten offering, Red Cloud Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters has agreed to purchase for resale 21.25 million common shares of the company at a price of 80 cents per offered share. The company will grant to the underwriters an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 2.5 million offered shares at the offering price for additional gross proceeds of up to $2-million. The underwritten offering and the securities issuable upon exercise of the overallotment option shall be collectively referred to as the offering. The company intends to use the net proceeds from the offering for the exploration and advancement of the company's 100-per-cent-owned El Quevar project in Salta province, Argentina, as well as for working capital and general corporate purposes. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions, the offered shares will be offered for sale to purchasers resident in all of the provinces of Canada except Quebec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The offered shares are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. There is an amended and restated offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this amended offering document before making an investment decision. The offering is scheduled to close on or about Jan. 22, 2026, or such other date as the company and Red Cloud may agree. Completion of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. On closing of the offering, the company has agreed to pay the underwriters a cash commission of 6.0 per cent of the gross proceeds raised in respect of offering. In addition, on closing of the offering, the company has agreed to issue to the underwriters warrants of the company exercisable for a period of 24 months following the closing date to acquire in aggregate that number of common shares of the company which is equal to 6.0 per cent of the number of offered shares sold under the offering at an exercise price equal to the offering price. About the El Quevar project The El Quevar project is located in Salta, Argentina, and spans an area of 57,000 hectares. The property remains underexplored with less than 3 per cent of the area covered with comprehensive exploration work. The property boasts exceptional infrastructure with over 60 kilometres of internal roads, a fully owned, fully operational camp for 100 workers with multiple support buildings, and a railroad, gas pipeline and service road just three km from camp, while a high-voltage transmission line lies approximately 20 km from the exploration area. The robust infrastructure associated with the project provides a cost-effective platform to derisk and accelerate future drilling and development. The foundational mineral resource estimate of the Yaxtche deposit boasts an indicated mineral resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 grams per tonne Ag, and an inferred resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag. The mineral resource area remains open at depth and in multiple directions, particularly to the southeast and northwest. The mineralization at the Yaxtche deposit is defined as a silver-rich, high to intermediate-sulphidation epithermal system with associated gold. Mineralization is controlled by northwest-southeast and northeast-southwest fault structures and is mainly hosted in brecciated zones and dacite domes. Silver minerals at Yaxtche consist of complex silver sulphides, sulphosalts and native silver. These minerals are found within silicified breccias, commonly appearing as veinlets, stockworks, disseminations and breccia fillings. Rob van Egmond, PGeo, a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release. Rob van Egmond, PGeo, has visited the El Quevar project and is not independent of the company. About Argenta Silver Corp. Argenta Silver is a silver exploration company focused on advancing projects that support the global energy transition. The company's mission is to create sustainable, long-term value for shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions across Latin America. Led by an experienced management team with deep expertise in exploration, finance and project development, Argenta emphasizes responsible mining practices and is well positioned to meet the rising demand for silver -- a critical metal in renewable energy and emerging technologies. We seek Safe Harbor.