Mr. John Miniotis reports

ABRASILVER FURTHER STRENGTHENS LEADERSHIP TEAM AND BOARD TO ADVANCE DIABLILLOS DEVELOPMENT

Abrasilver Resource Corp. has made changes to its board of directors and senior management team as the company advances its 100-per-cent-owned Diablillos silver-gold project in Argentina through the development phase.

These appointments further strengthen the team required to take Diablillos through project financing and a construction decision, following the recent completion of the definitive feasibility study and receipt of all key permits and approvals.

Summary of changes:

• Clifford Lafleur, PEng, has been appointed as a director of the company. Mr. Lafleur brings extensive mine development, construction and operating experience to the board.
• Cindy Tseo, CPA, has been appointed chief financial officer, succeeding Carlos Pinglo, who is retiring and will remain with the company as an adviser through the transition.
• Myrzah Bello has joined as vice-president, human resources and sustainability. Ms. Bello brings more 20-plus years of experience leading human resources, health and safety, and sustainability functions, and will lead the company's hiring strategy as it significantly expands its work force.
• Eugenio Ponte has been promoted to vice-president, corporate affairs, and country manager. Mr. Ponte has been integral to the company's success since its creation. In his expanded role, he will continue to manage all in-country activities and will lead the company's corporate affairs strategy.

Executive commentary

John Miniotis, president and chief executive officer, commented: "We're very pleased to welcome Cliff, Cindy and Myrzah to Abrasilver. Each brings extensive and highly relevant experience, spanning project development, mining finance, operations and human resource leadership. I would also like to sincerely thank Carlos, who has been with Abrasilver since our merger with Aethon Minerals in 2019 and has played an instrumental role in advancing Diablillos to where it is today. We wish Carlos all the best in his retirement and are grateful that he will continue to support the company through the CFO transition. Finally, congratulations to Eugenio on his well-deserved promotion."

Marie Inkster, executive chair, commented: "We have been focused on building and strengthening our management team and board as we advance Diablillos. Following the appointments announced in August, we have continued to work on attracting high-quality talent to the company, and these excellent new additions bring skills and experience that will be invaluable as we progress. We will continue to grow the team in coming months. We also extend a heartfelt thank you to Carlos for his dedication to Abrasilver."

Board change

Mr. Lafleur, PEng, has been appointed to Abrasilver's board, effective Nov. 12, 2026, and will serve on the board's technical committee and sustainability committee. Mr. Lafleur is a mining engineer with more than 25 years of experience in operations, technical services and project development. He currently serves as chief operating officer of Integra Resources Corp., where he is accountable for the producing Florida Canyon heap leach mine in Nevada and is leading the DeLamar project in Idaho toward a construction decision, including detailed engineering, early works and long-lead procurement.

Previously, Mr. Lafleur spent four years with Silvercrest Metals Inc. at Las Chispas silver-gold mine in Mexico, first as vice-president, technical services, establishing the project controls and technical processes for the start-up of the underground mine, and then as senior vice-president, operations, leading the operation through ramp-up. He also held senior technical roles with Torex Gold Resources, where he led the mining feasibility work for the Media Luna project, and with Primero Mining Corp. Mr. Lafleur holds a bachelor of engineering in mining engineering from Laurentian University.

Executive management appointments

Cindy Tseo, CPA, has been appointed chief financial officer, effective Nov. 16, 2026. Ms. Tseo brings more than 25 years of experience, including the past 20 years in finance leadership roles exclusively in the mining sector, spanning financial reporting, financial planning and analysis, budgeting, and internal controls at producing mining companies. She joins Abrasilver from i-80 Gold Corp., a Nevada-focused gold producer and developer, where she served as vice-president, finance. Prior to i-80 Gold, she was vice-president, finance, at Argonaut Gold Inc., and held senior finance roles at Lundin Mining Corp., where she was responsible for overseeing the financial reporting and financial planning and analysis functions. Ms. Tseo holds a bachelor of commerce from the University of Toronto and is a chartered professional accountant.

In her new role, Ms. Tseo will lead Abrasilver's finance function, including financial reporting, treasury and the buildout of the company's in-house finance team, and will play a key role in the company's project financing as Diablillos advances toward a construction decision. Carlos Pinglo, who has served as chief financial officer and corporate secretary since December, 2019, will step down as chief financial officer and corporate secretary, effective Nov. 16, 2026, and will remain with Abrasilver in an advisory capacity to support an orderly transition.

Ms. Bello has joined Abrasilver as vice-president, human resources and sustainability. Ms. Bello has more than 20 years of experience in human resources, health and safety, sustainability, and governance in mining and infrastructure. Most recently, she served as vice-president, human resources, health and safety, at Atex Resources Inc. Previously, she was vice-president, sustainability and human resources, at O3 Mining Inc. through its acquisition by Agnico Eagle Mines Ltd., where she led the company's integrated people, health and safety, and sustainability strategy during a period of rapid growth. Prior to O3 Mining Inc., she spent 15 years in senior roles with Atkinsrealis (formerly SNC-Lavalin).

In her new role, Ms. Bello will lead Abrasilver's human resource strategy as the company significantly expands its work force, including talent acquisition, compensation, organizational development and sustainability.

Mr. Ponte has been promoted to vice-president, corporate affairs, and country manager (Argentina). Mr. Ponte is a mining executive with more than 25 years of experience in mineral exploration, project development and corporate leadership. He has led exploration programs and mining projects at various stages of development, with extensive expertise in finance, administration, environmental, social and governance, stakeholder relations, and organizational leadership. His career has been defined by the ability to transform exploration opportunities into value-generating mining projects while leading multidisciplinary teams and building effective relationships with governments, communities, investors and strategic partners.

Mr. Ponte will continue to manage activities in-country and will lead the corporate affairs strategy as Diablillos progresses toward a construction decision, including relations with authorities, key service providers and other institutional partners.

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 metal 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 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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