Pantera begins survey at Rakanco

Executive Summary

• Pantera Silver Corp. has commenced a high-resolution drone magnetic survey at its Rakanco silver project in Bolivia, integrating this with satellite spectral analysis and a planned induced polarization survey to refine drill targets for an upcoming initial drilling campaign.
• The company has strategically relinquished its Nuevo Taxco project in Mexico to focus capital and technical resources on the higher-priority Rakanco project in Bolivia.
• Management highlights a constructive political environment in Bolivia under the new federal administration and emphasizes a disciplined, multi-data approach to maximize discovery potential while maintaining capital efficiency.

Key Details

• Drone Magnetic Survey: Commenced at the Rakanco project (Mejillones and Sabaya provinces, Oruro department, Bolivia).
• Exploration Strategy: Integration of three key data sets:
  • Previously completed satellite spectral analysis.
  • Ongoing high-resolution drone magnetic survey.
  • Planned induced polarization (IP) survey.
• Geological Context: Rakanco is located adjacent to the recent Carangas silver discovery and the historic Todo Santos silver mine. The project lies within a volcanic caldera-related setting known for large epithermal silver and precious metal systems.
• Operational Preparation:
  • Integration of historical exploration data, surface mapping, and sampling results.
  • Development of a staged drilling strategy to allow for technical refinement and operational flexibility.
  • Engagement with drilling contractors, laboratories, and technical service providers.
• Portfolio Optimization:
  • Elected not to allocate additional resources to the Nuevo Taxco project in Mexico.
  • Relinquished the Nuevo Taxco concession to the vendor, returning it free of further obligations or liabilities.
  • Future consideration given to expanding Rakanco boundaries or acquiring additional opportunities in Bolivia.
• Political Environment: Recent political developments in Bolivia have resulted in a new federal administration expressing support for responsible foreign investment and natural resource development, viewed as encouraging by Pantera.
• Qualified Person: Dr. Thomas A. Henricksen, CP Geo, has reviewed and approved the technical disclosures in accordance with NI 43-101.

Notable Quotes

• "Our approach at Rakanco is to evaluate the district as a large-scale mineral system rather than a single-target exploration opportunity... This disciplined approach is intended to maximize discovery potential while maintaining strong capital efficiency." — Jay Roberge, President and CEO