Mr. John Miniotis reports

ABRASILVER ANNOUNCES $43.4 MILLION "BOUGHT DEAL" LIFE PRIVATE PLACEMENT TO ADVANCE DIABLILLOS PROJECT

Abrasilver Resource Corp. has entered into an agreement with National Bank Financial Inc. and Beacon Securities Ltd., acting as co-lead underwriters and co-bookrunners, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 6,113,000 common shares of the company at a price of $7.10 per share, with a right to arrange for substituted purchasers, pursuant to the listed issuer financing exemption (LIFE), for aggregate gross proceeds of $43,402,300. The company has granted to the underwriters an option, exercisable, in whole or in part, at any time up to 48 hours prior to the closing date, to purchase up to an additional 929,253 shares at the offering price, for additional gross proceeds of up to $6,597,696.30.

In addition to and concurrent with the offering, the company may complete a private placement offering of shares of the company at the offering price pursuant to a participation right held by Kinross Gold Corp. and Proener SAU (Central Puerto). Should the underwriters' option be exercised, Kinross and Central Puerto will have the option to purchase additional shares under the concurrent private placement in accordance with the participation right. Any shares sold pursuant to the concurrent private placement will be subject to a hold period of four months plus one day from the closing date. If the participation right is exercised, the closing of the concurrent private placement is expected to occur concurrently with or shortly following the closing of the offering and is subject to the company receiving all necessary approvals, including the conditional approval from the Toronto Stock Exchange.

John Miniotis, president and chief executive officer, commented: "We are very pleased with the positive momentum Abrasilver continues to build and the support we have received from our investors. The funds raised will help accelerate the development of our high-quality Diablillos silver-gold project and further positions our company as one of the leading silver-gold development companies in the Americas."

The company intends to use the net proceeds of the offering to finance early development expenditures, including on-site infrastructure, securing critical long-lead-time items, advanced engineering and exploration programs in support of the advancement of its 100-per-cent-owned Diablillos silver-gold project in the Salta province of Argentina, and for general corporate purposes.

The closing date of the offering is expected to occur on or about Oct. 22, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the TSX. Notwithstanding the foregoing, the closing of the offering must occur no later than the 45th day following the date of this news release.

The offering will be made pursuant to the listed issuer financing exemption available under National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in each of the provinces and territories of Canada other than Quebec. The shares may also be offered for sale in the United States pursuant to available exemptions from the registration requirements under the U.S. Securities Act of 1933. The shares issued under the listed issuer financing exemption will not be subject to a statutory hold period pursuant to applicable Canadian securities laws.

There is an offering document relating to the offering that can be accessed under the company's profile on SEDAR+ and the company's website. Prospective investors should read this offering document before making an investment decision.

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 province of Argentina. The current measured and indicated mineral resource estimate for Diablillos (tank leach only) consists of 73.1 million tonnes (t) grading 79 grams per tonne (g/t) silver (Ag) and 0.66 g/t gold (Au), containing approximately 186 million ounces (oz) silver and 1.6 million oz gold, with significant further upside potential based on recent exploration drilling. The company is led by an experienced management team and has long-term supportive shareholders. In addition, the company has 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 TSX under the symbol ABRA and in the U.S. on the OTCQX under the symbol ABBRF.

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