Pacifica Silver closes first tranche of financing

Mr. Todd Anthony reports PACIFICA SILVER CLOSES FIRST TRANCHE OF $10 MILLION PRIVATE PLACEMENT FINANCING; WELCOMES VIZSLA SILVER, FIRST MAJESTIC SILVER, SILVERCORP METALS AND ERIC SPROTT AS SHAREHOLDERS Pacifica Silver Corp. has closed the first tranche of its previously announced $10-million non-brokered private placement financing by issuing 19.1 million units of the company at a price of 50 cents per unit for aggregate proceeds of $9.55-million. Participants in the first tranche included Vizsla Silver Corp., First Majestic Silver Corp., Silvercorp Metals Inc. and 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott. "We are grateful for the overwhelming support we have received for this financing, and are thrilled to welcome several prominent silver mining companies and renowned investor Eric Sprott as new shareholders," stated Todd Anthony, president and chief executive officer of Pacifica Silver. "We deeply value the trust that our new and existing shareholders have placed in our team's vision and expertise. With this support, we are eager to launch an initial plus-8,000-metre drill program at our Claudia project in Mexico this fall, aimed at unlocking its vast potential." Each unit consists of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder to purchase an additional common share at an exercise price of 80 cents for a period of 36 months following the closing of the offering. The units under the first tranche of the offering will be subject to restrictions on resale until Dec. 22, 2025. The proceeds of the offering are expected to be used for upcoming exploration and drill work at the Claudia project, located in Durango, Mexico, as well as general working capital. No finders' fees were paid under the offering. The company expects the second tranche of the offering to close on or about Aug. 29, 2025. Three insiders subscribed for 450,000 units for gross proceeds of $225,000 and such participation will be considered a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company expects to be exempt from the requirement to obtain a formal valuation and minority shareholder approval in connection with the three insiders participation in the offering in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that their participation in the offering did not exceed 25 per cent of the fair market value of the company's market capitalization. About Pacifica Silver Corp. Pacifica Silver is a Canadian resource company led by a proven management team with decades of mining and exploration experience in Mexico. The company is focused on its 100-per-cent-owned Claudia project, located in Durango, Mexico. Spanning 11,876 hectares, the project encompasses most of the historic El Papanton mining district, where at least nine small mines operated throughout the 20th century. Since 1990, sampling and drilling within have returned high-grade silver and gold intercepts across multiple vein systems, with only 10 per cent of over 30 kilometres of known veins having been drilled. Today, the project is a prime target for modern exploration and holds exceptional potential for new high-grade discoveries. The company also holds an option to acquire a 100-per-cent interest in the Janampalla property, located in the Huancavalica province of central Peru. Pacifica is focused on continuing exploration work that has indicated widespread, high-grade copper-gold mineralization hosted within Manto-style veins and disseminations. We seek Safe Harbor.