Highlander to receive $40M(U.S.) investment from Sprott

Mr. Daniel Earle reports HIGHLANDER SILVER ANNOUNCES US$40 MILLION STRATEGIC INVESTMENT BY ERIC SPROTT TO ACCELERATE GROWTH Eric Sprott, an arm's-length strategic investor, has agreed to purchase an aggregate of 8,060,226 common shares in the capital of Highlander Silver Corp. at a price of $6.80 per offered share for aggregate gross proceeds of $40-million (U.S.) to the company on a non-brokered private placement basis. Daniel Earle, president and chief executive officer of Highlander Silver, commented: "The additional capital will allow us to accelerate growth plans within our portfolio, which includes the bonanza-grade San Luis gold-silver project, one of the highest M&I resource grade projects in either the gold or silver sectors, and one of the largest permitted primary silver deposits in the world in the Corani silver project after the closing of the previously announced combination with Bear Creek Mining (see press release dated Dec. 19, 2025). With this investment, we would expect to have $100-million (U.S.) in cash at closing." The company intends on using the net proceeds from the offering to finance the advancement of the company's mineral projects, and for working capital and general corporate purposes. The offering is expected to close on or around Jan. 30, 2026, and is subject to certain customary closing conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the Toronto Stock Exchange. The offered shares to be issued pursuant to the offering will be subject to a statutory four-month hold period under applicable securities laws in Canada. In connection with the offering, the company may pay a finder's fee to eligible arm's-length finders, as permitted by applicable securities laws and the rules of the exchange. About Highlander Silver Corp. Highlander Silver is primarily focused on advancing the bonanza-grade San Luis gold-silver project that is located adjacent to the past-producing Pierina mine in central Peru. San Luis hosts indicated mineral resources of 356,000 ounces gold at 24.4 g/t Au and 8.4 Moz (million ounces) Ag (silver) at 579 g/t Ag, and ranks among the 10 highest-grade projects globally in both gold and silver categories. Highlander Silver's significant shareholders include the Augusta Group, which boasts an exceptional record of value creation totalling over $4.5-billion in exit transactions, and strategic shareholders, the Lundin family and Mr. Sprott. Scientific and technical information Scientific and technical information in the news release relating to the San Luis project are taken from the technical report entitled, "Technical Report on the San Luis Property" dated Jan. 15, 2025, prepared by independent qualified person (as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects), Martin Mount, MSc, MCSM, FGS, CGeol, FIMMM, Ceng, and available on Highlander Silver's SEDAR+ profile. We seek Safe Harbor.