Cartier Silver closes $2-million private placement

Mr. Thomas Larsen reports CARTIER SILVER ANNOUNCES CLOSING OF UPSIZED $2 MILLION BROKERED PRIVATE PLACEMENT LED BY CENTURION ONE CAPITAL Cartier Silver Corp. has closed its previously announced upsized brokered private placement (see press releases dated Oct. 8, 2025, and Oct. 16, 2025) with Centurion One Capital Corp. acting as lead agent and sole bookrunner, by the issuance of an aggregate of 16 million units of the company at a price of 12.5 cents per unit for aggregate gross proceeds of $2-million. Each unit consists of one common share in the capital of the company and one-half of one share purchase warrant of the company. Each whole warrant entitles the holder thereof to purchase one share at a price of 20 cents for a period of 36 months from Oct. 29, 2025. The gross proceeds of the offering will be used for further exploration and drilling on the company's Los Chorrillos project in Potosi, Bolivia, and general working capital purposes. In connection with the offering, the agent received: (i) a cash commission of $160,000; and (ii) an aggregate of 1.28 million broker warrants, with each such broker warrant entitling the holder to acquire a share at a price of 12.5 cents for a period of 36 months from the closing date. The company also paid a corporate finance fee to the agent of $100,000 (which amount is equal to 5 per cent of the gross proceeds realized by the company from the sale of the units), by the issuance of an aggregate of 800,000 units at a price of 12.5 cents per unit. The securities issued under the offering have a hold period of four months and one day from the closing date. Insiders of the company acquired an aggregate of 1.81 million of the units issued under the offering. Each of the insider's participation in the offering constitutes a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). A formal valuation was not required under MI 61-101 as the company is not listed on any of the stock exchanges specified in MI 61-101. Minority shareholder approval was also not required as the fair market value of the consideration for the transaction involving the insiders does not exceed 25 per cent of the company's capitalization as of the date hereof. About Cartier Silver Corp. Cartier Silver is an exploration and development company focused on discovering and developing its recently acquired silver property assets, including the Chorrillos project and claims staked by the company's subsidiary, all of which are located in the Potosi department of southern Bolivia. The company also holds significant iron ore resources at its Gagnon holdings in the southern Labrador Trough region of east-central Quebec, and the Big Easy gold property in the Burin peninsula epithermal gold belt in the Avalon zone of eastern Newfoundland and Labrador. We seek Safe Harbor.