Mr. Tim Shearcroft reports

BP SILVER CLOSES INITIAL TRANCHE AND ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT TO C$10 MILLION

BP Silver Corp. has closed the initial tranche of its previously announced non-brokered private placement, raising gross proceeds of $8,558,000. Due to strong investor demand, the company has increased the size of the offering from aggregate gross proceeds of $8-million to aggregate gross proceeds of up to $10-million.

"The successful closing of the initial tranche, combined with the upsizing of the offering, represents a strong endorsement of our flagship Cosuno project and long-term vision," said Tim Shearcroft, chief executive officer of BP Silver. "With this additional capital, we are well positioned to systematically advance exploration at Cosuno, including phase 2 drilling, while also supporting potential exploration at our Titiri prospect and continuing to evaluate other high-potential opportunities. We thank our new and existing shareholders for their continued support."

The upsized offering will be conducted on the same terms as the initial tranche, and may be completed in one or more additional tranches, subject to applicable regulatory approvals.

Pursuant to the initial tranche, the company issued 8,558,000 units at a price of $1 per unit for gross proceeds of $8,558,000. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles 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 2 drill program, as well as potential exploration at its Titiri project. The proceeds will also support the evaluation of other high-potential opportunities and be used for general working capital purposes.

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. The offering remains subject to final acceptance of the TSX Venture Exchange.

In connection with the initial tranche, the company paid finders' fees of $157,920 and issued 157,920 finders' warrants to eligible parties, where applicable, in accordance with applicable securities laws and exchange policies. Finders' fees may also be payable in connection with future tranches of the offering.

Rob McMorran, a director of the company, subscribed for 50,000 units, contributing $50,000 to the initial tranche. This subscription constitutes a related-party transaction as defined under Multilateral Instrument 61-101. However, the company expects to be exempt from formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(a) of MI 61-101 as his participation does not exceed 25 per cent of the company's market capitalization.

The offering remains open for additional subscriptions under the upsized amount, and the company anticipates closing subsequent tranches in due course.

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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