Kuya Silver expands Bethania Silver drilling

Executive Summary

• Kuya Silver Corp. is expanding its fully funded 2026 drill program at the Bethania Silver project in Peru to a record 20,000 metres, combining approximately 10,000 metres of surface drilling and 10,000 metres of underground drilling.
• The expansion aims to delineate historically underexplored mineralized silver vein systems, focusing on resource expansion opportunities both within the immediate mine area and across the broader district-scale targets.
• Initial underground results are expected in Q2 2026, with additional underground and initial surface results expected in the second half of 2026.

Key Details

• Drill Program Scope: Total of ~20,000 metres combined underground and surface diamond drilling.
• Underground Drilling: Expanded from a previously announced 5,000 metres to ~10,000 metres. Drilling will be conducted from established mine levels to test extensions of known mineralized structures open along strike and at depth, aiming to expand resources adjacent to current infrastructure.
• Surface Drilling: Planned for ~10,000 metres, focusing on priority targets associated with historical artisanal mining areas identified during recent regional exploration work outside the immediate mine area.
• Strategic Targets: The program targets six previously identified regional silver vein systems, specifically prioritizing:
  • Tito PH: Priority target with one main vein and at least seven subparallel veins; mapped over ~600m strike, potentially extending 1,500m.
  • Millococha Oeste: High-potential target with >10 mapped veins; 40 grab samples averaged 690.4 g/t AgEq (max 2,652.7 g/t AgEq).
  • Carmelitas: Three vein clusters; 125 grab samples returned grades up to 1,771.5 g/t Ag (avg 145.2 g/t AgEq).
• Funding: The program is fully funded from internal sources, supported by a cash position in excess of $25 million USD and expected cash flow from the Bethania mine.
• Timeline: Surface drilling to commence in coming months following permitting/logistics. Initial underground results in Q2 2026; additional results in H2 2026.
• Exploration History: Company has consolidated >4,500 ha surrounding the Bethania mine. 940 grab samples collected from 2021-2026, with 192 samples from 2024-2026 having proper QA/QC assessment. Samples analyzed at ALS Peru S.A. in Lima.

Notable Quotes

• "Following encouraging surface exploration results across the Bethania property, we are excited to begin the next phase of drilling... By combining surface drilling with underground drilling from existing workings, we are able to efficiently test both district-scale targets and near-mine extensions that could meaningfully expand the project's resource base." — Osbaldo Zamora, Vice-President Exploration
• "The company is excited to embark on a much larger drill campaign covering multiple targets across the Bethania district. Given our significant cash position in excess of $25-million [U.S.], and expected cash flow from the Bethania mine, this more aggressive exploration strategy should be fully funded from internal sources and can be maintained and expanded over the coming years as we grow our silver mining operations." — David Stein, President and CEO