Silver Mountain Resources Advances Toward Production at Reliquias Mine; Fully Funded and On Track for Q3 2026 Restart

Executive Summary of April 15, 2026 Release

• Silver Mountain Resources confirms it is fully funded for the Reliquias mine restart with a treasury position exceeding US$30 million.
• Underground development has reached over 3,000 metres linear development.
• Tailings storage facility is completed and operational; camp infrastructure rehabilitated.
• Plant equipment delivered and installation in progress.
• Ore stockpile stands at approximately 12,000 tonnes.
• Target production restart remains on track for Q3 2026.

Evaluation of Most Recent News

• The April 15 news is a confirmation update rather than a new catalyst. The "Fully Funded" status and Q3 timeline were previously disclosed in January ($32M treasury) and November (financing close).
• Progress milestones (3,000m development, tailings facility complete) align with the trajectory set in previous months.
• No surprises regarding delays or cost overruns; execution appears on plan.
• The market has already priced in the Q3 restart expectation following the February uplisting and March drill announcements.

Corporate Structure

• Ticker: AGMR (TSX), AGMRF (OTCQB).
• Project: Reliquias Mine, Peru (Underground Silver-Polymetallic).
• Status: Transitioning from development to production (Q3 2026 target).