Mr. Eric Caba reports

BEAR CREEK MINING CORPORATION OBTAINS FINAL ORDER FOR ARRANGEMENT WITH HIGHLANDER SILVER CORP.

Bear Creek Mining Corp. has been granted the final court order from the Supreme Court of British Columbia approving the plan of arrangement with Highlander Silver Corp. under the Business Corporations Act (British Columbia) pursuant to which Highlander Silver will acquire all of the issued and outstanding common shares of Bear Creek (that it does not already own) as previously announced in the company's news release dated Jan. 19, 2026, and as more particularly described in the company's management information circular dated Jan. 16, 2026, each available under the company's profile on SEDAR+.

Receipt of the final order follows approval of the arrangement by the holders of Bear Creek shares, holders of stock options of Bear Creek, holders of restricted share units of Bear Creek and holders of deferred share units of Bear Creek at the company's special meeting of voting securityholders held on Feb. 19, 2026.

Assuming the satisfaction of all conditions precedent to the arrangement, including regulatory approval, closing of the arrangement is expected to occur on or about Feb. 26, 2026. Upon closing of the arrangement, shareholders of Bear Creek will be entitled to receive the 0.1175 common share of Highlander Silver in exchange for each Bear Creek share held. Registered holders of Bear Creek shares can submit their letter of transmittal along with their share certificates, if applicable, that represent their Bear Creek shares to Endeavor Trust Corp. to receive the consideration under the arrangement. Further information regarding the arrangement and the completion of a letter of transmittal is available in the circular.

We seek Safe Harbor.