Mr. John Miniotis reports

ABRASILVER ANNOUNCES LEADERSHIP APPOINTMENTS AS THE COMPANY TRANSITIONS TO DEVELOPMENT AT DIABLILLOS

Abrasilver Resource Corp. has made a series of appointments and promotions to the company's board of directors and senior management team, positioning Abrasilver for its next phase of growth as its world-class Diablillos silver-gold project in Argentina transitions into the development phase. With the definitive feasibility study complete and all key permits and approvals in hand, the company is aligning its leadership and organizational structure to be focused on project execution as it advances toward a final investment decision.

Summary of changes

The company announces the following leadership changes, effective immediately:

• Marie Inkster has been appointed as executive chair of the board of directors;
• John Miniotis, president and chief executive officer, has been appointed as a director of the company;
• Jeremy Weyland, senior vice-president, projects and development, has been promoted to chief operating officer;
• Hernan Zaballa and Sam Leung have stepped down from the board of directors, and will continue to support the company in different capacities;
• The company is actively expanding its project development team, with additional appointments expected in the very near term at both the Diablillos site and at the corporate level.

Appointment of executive chair

Ms. Inkster has been appointed as executive chair of the board of directors. Ms. Inkster is an experienced mining industry executive and chartered professional accountant with over 25 years of experience in public company management, corporate transactions and finance, having served in senior leadership roles including as president and chief executive officer of an international diversified base metals mining company. She brings extensive board-level expertise in strategy, mergers and acquisitions, finance, accounting, audit, governance, and compensation, having served on multiple public company boards and their key committees. As executive chair, Ms. Inkster will provide strategic oversight and leadership as Abrasilver advances Diablillos through project financing and into construction.

Board changes

The company also announces that Hernan Zaballa and Sam Leung have stepped down from the board of directors. The board sincerely thanks Mr. Zaballa and Mr. Leung, both of whom have made invaluable contributions to Abrasilver over many years and have played an important role in positioning the company for the development phase it is now entering. Both directors are stepping down on very positive terms, and the company is pleased that it will continue to benefit from their expertise and support in different capacities going forward.

John Miniotis, the company's president and chief executive officer, has been appointed to the board of directors to fill one of the vacancies resulting from the resignations. Mr. Miniotis has served as president and CEO of the company since 2019, during which time he has led Abrasilver's transformation from an early stage explorer into one of the world's premier silver-gold development companies, culminating in the completion of the definitive feasibility study. His appointment to the board reflects the company's confidence in his continued leadership as he guides Abrasilver into this exciting new phase of development and toward the construction of Diablillos.

Management promotion and development team expansion

Additionally, Jeremy Weyland has been promoted to chief operating officer (COO). Mr. Weyland previously served as senior vice-president, projects and development, where he led the technical work that underpins the company's definitive feasibility study. His promotion reflects the company's transition from technical studies to project execution. In his new role, Mr. Weyland will lead all development and execution activities at Diablillos, including detailed engineering, early works and construction readiness, as the company advances toward a formal construction decision.

In addition, the company expects to make a number of further appointments to its project development team in the very near term, at both the Diablillos site and the corporate level. These additions will ensure Abrasilver has a strong owner's team in place as its focus shifts fully to the development and construction of Diablillos.

Executive commentary

Ms. Inkster commented: "I am honoured to take on the role of executive chair at such a pivotal moment in the company's history. Since joining the board of Abrasilver in September, I have been continuously impressed with the quality of both the management team and the Diablillos project. John Miniotis and the small, high performing management team have done an exceptional job in advancing the company from junior explorer to developer. Jeremy Weyland and the technical team have produced a study of great quality, demonstrating strong returns, that will serve as a base for future development. I am looking forward to providing additional executive experience as we grow the company and develop this outstanding project. I think it is also appropriate at this time that John steps on to the board of directors to bring important contributions related to future strategy to the board table as a director."

John Miniotis, president and chief executive officer, stated: "We are delighted to welcome Marie as executive chair. Her proven track record of guiding mining companies through development, construction and into production will be invaluable as we advance Diablillos toward a formal construction decision. I would also like to sincerely thank Hernan and Sam for their significant contributions to Abrasilver's growth over the years. They have been highly valued members of our board, and we are fortunate that we will continue to benefit from their insight and support in different capacities going forward. Jeremy's well-deserved promotion to COO reflects our evolution from developer to mine builder, and with further additions to our project development team expected in the very near term, both at site and at corporate, our team and our focus are now squarely on development and on delivering Diablillos into production."

About Abrasilver Resource Corp.

Abrasilver is a leading silver-gold development company focused on advancing its 100-per-cent-owned Diablillos project in the mining-friendly provinces of Salta and Catamarca, Argentina. The recently completed definitive feasibility study highlights Diablillos as a robust, high-margin, long-life precious metals project with significant production potential and substantial exploration upside. 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 U.S. on the OTCQX under the symbol ABBRF.

We seek Safe Harbor.