Mr. Tim Shearcroft reports

BP SILVER ANNOUNCES C$8 MILLION NON-BROKERED PRIVATE PLACEMENT

BP Silver Corp. has arranged a non-brokered private placement financing of up to $8-million comprising eight million units at a price of $1.00 per unit.

Each unit will comprise one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of $1.30 per warrant share for a period of two years from the date of issuance.

BP Silver intends to use the net proceeds of the offering for exploration activities at the company's Cosuno silver project in Bolivia, including geophysical surveys and a phase II drill program, and for general working capital purposes.

"We are pleased to advance exploration at our flagship Cosuno project through this financing," said Tim Shearcroft, chief executive officer of BP Silver. "The planned geophysical surveys and phase II drill program will play a critical role in defining the extent of the mineralized system and unlocking the broader exploration potential of Cosuno."

All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. Closing of the offering remains subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. The offering may close in one or more tranches as subscriptions are received. The company may pay finders' fees in cash and/or non-transferable warrants on a portion of the offering in accordance with the policies of the exchange.

About BP Silver Corp.

BP Silver is a Canadian exploration company focused on advancing high-grade silver projects in Bolivia. The company's flagship asset, the Cosuno project, is strategically located in the prolific Bolivian silver belt, a region with a rich mining history and significant untapped discovery potential. With a strong technical team and a disciplined exploration strategy, BP Silver is positioned to unlock value for its shareholders through the discovery and development of major silver deposits.

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