Kuya Silver Expands Fully-Funded 2026 Drill Program at the Bethania Project to a Record 20,000 Metres Focused on Resource Expansion Opportunities

Executive Summary

• Kuya Silver announces a fully‑funded expansion of its 2026 drill program at the Bethania Silver Project, targeting ~20,000 m total (≈10,000 m surface + ≈10,000 m underground), the largest ever on the property.
• The program will test six historically identified silver vein systems (Tito PH, Millococha Oeste, Carmelitas, etc.) to delineate district‑scale mineralization and extend known resources adjacent to existing mine infrastructure.
• Initial underground drill results are expected in Q2 2026, with surface and additional underground results slated for the second half of 2026; the company confirms it has >US$25 M cash on hand to fully fund the campaign.

Key Details

• Total planned drilling: ~20,000 m (≈10,000 m surface diamond drilling + ≈10,000 m underground diamond drilling).
• Surface program focus: Priority targets linked to historic artisanal mining zones outside the current mine pit; aims to add new vein systems and potential future production areas.
• Underground program expansion: Increased from previously announced 5,000 m to ~10,000 m; will drill from established mine levels to test extensions of known veins that remain open along strike and at depth.
• Target systems & grades (grab‑sample data):
• Tito PH: 55 samples – avg. 285.7 g/t AgEq, max 2,114.7 g/t AgEq; main vein mapped ~600 m strike, potential to 1,500 m.
• Millococha Oeste: 40 samples – avg. 690.4 g/t AgEq, max 2,652.7 g/t AgEq; >10 veins identified.
• Carmelitas: 125 samples – avg. 145.2 g/t AgEq, max 1,771.5 g/t Ag.
• Timeline: Surface drilling to start “in the coming months” after permitting; underground results due Q2 2026; combined surface & underground results expected H2 2026.
• Funding: Company holds >US$25 M cash plus anticipated cash flow from Bethania mine; program is fully internally funded.
• QA/QC: 940 grab samples collected (192 with full QA/QC); analyses performed by ALS Peru using multi‑acid digestion, fire assay (Au), and ICP‑AES methods.
• Qualified Person: Osbaldo Zamora, PhD., P.Geo., VP Exploration, reviewed technical content per NI 43‑101.

Notable Quotes

• “By combining surface drilling with underground drilling from existing workings, we are able to efficiently test both district‑scale targets and near‑mine extensions that could meaningfully expand the project's resource base.” – Osbaldo Zamora, VP Exploration
• “Given our significant cash position in excess of USD $25 million … this more aggressive exploration strategy should be fully funded from internal sources and can be maintained and expanded over the coming years as we grow our silver mining operations.” – David Stein, President & CEO

Materiality Assessment: Material – Positive (significant expansion of a capital‑intensive exploration program that could materially affect future resource estimates and company valuation).