Mr. Andrew Rees reports

BLENDE SILVER CLOSES $2,672,500 PRIVATE PLACEMENT OVER SUBSCRIBED

Blende Silver Corp. has closed its non-brokered private placement announced Aug. 20, 2026. The gross proceeds from the private placement total $2,672,500. Tranche 2 raised a total of $1.53-million, with $1.25-million from the issuance of five million flow-through units at a price of 25 cents and $280,000 from the issuance of 1.4 million non-flow-through units at a price of 20 cents. All units consist of one common share and one share purchase warrant exercisable at 30 cents per share to Oct. 13, 2028. All warrants are non-flow-through. The proceeds from the private placement will be used to advance the Blende property and for general working capital.

All securities will be subject to a four-month-and-one-day hold period expiring Feb. 14, 2027.

Insider participation by directors, officers and a pre-existing 10-per-cent holder for a total of $629,500 in Tranche 2 constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units acquired by the insider nor the consideration for the units paid by such insider, exceed 25 per cent of the company's market capitalization.

Total finders' fees for the private placement are $163,100 and 702,800 finder warrants. Finder warrants are non-transferable. Details by tranche are shown below.

Further to the Tranche 1 disclosure in the Sept. 17 news release, the recipient details for the $75,600 and 352,800 warrants paid to arm's-length finders follow.

Finders' fees for Tranche 2 are $87,500 and 350,000 warrants paid to arm's-length finders follow.

About Blende Silver Corp.

Blende Silver is a Vancouver-based resource company focused on silver-zinc-lead exploration and development at its flagship Blende project in north-central Yukon. The 100-per-cent-owned property hosts a carbonate-hosted silver-zinc-lead mineral resource that has been described in published literature as the largest of its type in Yukon (M. Robinson and C.I. Godwin, Economic Geology, 1995). That characterization is based on information available as at the date of that publication and has not been independently verified or updated by the company. The property covers 5,345 hectares, is winter road accessible and is located approximately 63 kilometres northeast of Keno Hill, Yukon.

The Blende property lies within the Keno Hill silver district, one of Canada's highest-grade historic silver-producing districts, currently being advanced by Hecla Mining Company. Mineralization at Keno Hill and on other properties near the project is not necessarily indicative of mineralization on the project. The property has undergone more than $9.2-million in past exploration ($5.2-million by Blende Silver), including 25,195 metres of drilling in 132 drill holes. The historical expenditure and drilling figures are derived from historical records that the company has not independently verified, a qualified person has not done sufficient work to verify them, and they should not be relied upon. A review of historical and recent data has identified areas to the west, north and east-southeast of the currently defined zones that the company considers prospective for follow-up exploration.

We seek Safe Harbor.