Capitan Silver to receive $6M investment from Schroders

Mr. Alberto Orozco reports CAPITAN SILVER TO RECEIVE C$6 MILLION INVESTMENT FROM SCHRODERS Capitan Silver Corp. has entered into a subscription agreement with Schroders Investment Management Ltd., pursuant to which Schroders has agreed to purchase, on a non-brokered private placement basis, 2,955,665 common shares of the company at a price of $2.03 per common share for gross proceeds to the company of $5,999,999.95. The private placement, made through the Schroders ISF Global Gold Fund, together with the recently completed $23-million bought deal offering under the listed issuer financing exemption (the LIFE offering), will result in a combined equity raise of approximately $29-million through the issuance of an aggregate of 14,288,915 common shares at an issuer price of $2.03 per common share. For details on the LIFE offering, see news release of the company dated Dec. 17, 2025, and entitled "Capitan Silver Announces Closing of C$23 Million Bought Deal Financing, Including Full Exercise of the Underwriters' Option." Alberto Orozco, chief executive officer and a director of Capitan, commented: "The investment by Schroders, a leading global active asset management firm with a strong history of investing in the precious metals sector, represents a strong validation of our Cruz de Plata silver-gold project and our long-term growth strategy. The endorsement from an institution of Schroders' distinction will, we expect, continue to broaden our institutional shareholder base while enhancing our profile in the capital markets. We look forward to welcoming Schroders as a long-term shareholder of the company." Mr. Orozco continued: "In addition to this announcement, we recently closed our first 'bought deal' brokered offering, which successfully introduced several new, high-quality institutional investors to our company. We are grateful for your support and we look forward to partnering with you on this next chapter of our growth." The net proceeds of the private placement are expected to be used to finance exploration activities at the company's Cruz de Plata silver-gold project and for working capital and general corporate purposes. The private placement is expected to close the first week of January, 2026, and is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the conditional acceptance of the TSX Venture Exchange. The common shares issued under the private placement will be subject to a four-month statutory hold period in Canada in accordance with applicable Canadian securities laws. Certain arm's-length parties may receive a cash finder's fee payment in connection with the private placement. About Capitan Silver Corp. Capitan Silver is defining a new high-grade silver system at its Cruz de Plata project, located in the heart of Mexico's primary silver belt. The company is led by a proven and accomplished management team that has previously advanced three projects into production, on time and on budget. The company has been diligent in maintaining a tight share structure and has one of the tightest share structures among its peer group, with the top-three shareholders owning over 37 per cent of the company's share capital. Capitan Silver is fully financed and actively drilling at its Cruz de Plata silver project. We seek Safe Harbor.