Masivo Silver Advances Cerro Colorado Silver-Gold Project Toward Phase I Drilling

The news release dated January 15, 2026, confirms that Masivo Silver Corp. is mobilizing crews and equipment for a 1,500-meter Phase I drill program at the Cerro Colorado Project in Sonora, Mexico. This follows the submission of environmental permits in December 2025 and the securing of a 10-year land access agreement in late 2025. The program aims to test priority silver targets identified through historical sampling and geological mapping. Additionally, the company granted 2,550,000 stock options to directors, officers, and consultants with an exercise price of $0.085, valid for five years.

• The news is Routine - Positive as it aligns with the timeline established in the December 22, 2025, release which targeted a January 2026 drill start.
• While mobilization is a necessary step toward discovery, it is not a "game-changer" until assays demonstrate economic mineralization.
• The 1,500-meter program is relatively small, suggesting a cautious approach or limited budget.
• The issuance of 2.55 million options at $0.085 provides an immediate paper gain to insiders (with the stock at $0.10) but increases potential dilution.
• The historical sampling cited (up to 2,200 g/t Ag) is selective and may not reflect the broader mineralized system.

Masivo Silver is a junior exploration company focused on silver and gold in Mexico and Nevada. - Cerro Colorado (Sonora, Mexico): The current flagship. It is a subepithermal polymetallic system (Ag, Au, Cu, Pb, Zn) located near the Piedras Verdes mine. The project is characterized by breccia structures and historical high-grade surface/dump samples. - Boston Mine (Nevada, USA): A past-producing mine where the company recently reported 55 feet of 0.99% Cu and 1.52 g/t Au. It serves as a secondary core asset.