Magma Silver begins target-defining work at Ninobamba

Mr. Stephen Barley reports MAGMA SILVER COMMENCES Q3 WORK PROGRAM AND ANNOUNCES NEAR-TERM CATALYSTS Magma Silver Corp. has commenced the work program designed to evaluate and define targets for the planned fourth quarter drill program at the advanced Ninobamba silver-gold project in Peru. The drill program will follow up on previous work to optimize drilling directions and to identify new drill site locations. Stephen Barley, chairman and chief executive officer, stated: "We are excited to advise that our exploration team is now on site at the advanced Ninobamba silver-gold project. The program will focus on the Jorimina and Randypata areas. The work being carried out will assist in refining drill targets for our planned Q4 drill program and expand our overall technical knowledge of the style and extent of the mineralized zones. The work program will be led by senior geologist Edgar Leon (see news release dated July 16, 2025) and supervised by Jeffrey Reeder, PGeo, senior technical adviser." Near-term catalysts: The predrilling work program will be completed by the end of third quarter 2025, with results from rock samples expected in the same period. Drilling at Jorimina is anticipated to commence in fourth quarter 2025, with results expected before the end of the year. Magma is reviewing potential acquisitions to broaden exposure to silver and gold assets. Qualified person Jeffrey Reeder, PGeo, a qualified person as defined in National Instrument 43-101, a senior technical adviser of the company, has prepared, supervised the preparation or approved of the scientific and technical disclosure contained in this news release. About Magma Silver Corp. Magma Silver is a natural resource exploration company with a focus on acquiring, exploring, developing and operating precious metal mining projects. Listed on the TSV Venture Exchange, OTCQB and Frankfurt exchange, the company has a primary focus on exploring and developing the advanced Ninobamba silver-gold project in the mining-friendly country of Peru. Ninobamba spans an eight-kilometre mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corp., AngloGold Ashanti Ltd., Bear Creek Mining Corp. and others has demonstrated significant resource potential with over $14.5-million invested to date. Magma Silver is advancing its Ninobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 60 years of mining experience in Peru. We seek Safe Harbor.