Mr. John Miniotis reports

ABRASILVER ACCELERATES US$6.85 MILLION PAYMENT TO EMX ROYALTY CORP, SECURING DIABLILLOS PROJECT

Abrasilver Resource Corp. has made the final property payment to EMX Royalty Corp. under the terms of the second amended and restated share purchase agreement dated March 21, 2017, as amended, in respect of the company's Diablillos silver-gold project in Salta province, Argentina. This final payment, originally due by July 31, 2025, was completed ahead of schedule by the company paying $6.85-million (U.S.), a reduced total obligation from the original $7.0-million (U.S.) payment obligation contemplated by the purchase agreement.

With this final payment, Abrasilver has fully satisfied its purchase obligations, securing 100-per-cent ownership of the Diablillos project.

John Miniotis, president and chief executive officer of Abrasilver, commented: "The completion of this final payment marks a key milestone for Abrasilver. By making this payment early, we have further strengthened our financial position while maintaining our focus on rapidly advancing the Diablillos project towards production. We would like to thank the EMX team for their collaboration and flexibility throughout this process."

EMX's interest in the purchase agreement resulted from EMX's acquisition of a portfolio of royalty interests and payments from SSR Mining Inc. and certain of its subsidiaries (see EMX news releases dated July 29 and Oct. 21, 2021). EMX continues to retain a 1.0-per-cent net smelter return (NSR) royalty on the Diablillos project.

About Abrasilver Resource Corp.

Abrasilver is an advanced-stage exploration company focused on rapidly advancing its 100-per-cent-owned Diablillos silver-gold project in the mining-friendly Salta and Catamarca provinces of Argentina. The current proven and probable mineral reserve estimate for Diablillos, from a recently completed prefeasibility study, consists of 42.3 Mt (million tonnes) grading 91 grams per tonne Ag (silver) and 0.81 g/t Au (gold), containing approximately 124 Moz (million ounces) silver and 1.1 Moz gold, with significant further exploration upside potential. In addition, the company has entered into an earn-in option and joint venture agreement with Teck on the La Coipita project, located in the San Juan province of Argentina. Abrasilver is listed on the Toronto Stock Exchange under the symbol ABRA and in the United States on the OTCQX under the symbol ABBRF.

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