Mr. Tim Shearcroft reports

BP SILVER CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT, RAISING TOTAL GROSS PROCEEDS OF C$10.02 MILLION

BP Silver Corp. has closed the final tranche of its previously announced non-brokered private placement for gross proceeds of $635,000. Including the first and second tranches, the company has raised aggregate gross proceeds of $10,018,067 under the offering.

Tim Shearcroft, founder and chief executive officer, stated: "This final tranche completes a successful $10.02-million raise, delivered despite challenging market conditions. I would like to personally welcome our new shareholders and extend my sincere thanks to our existing shareholders for their continued support and confidence. I would also want to recognize those who have supported the company in the marketplace. With this funding in place, BP Silver is now well positioned to advance our Cosuno silver project in Bolivia while also evaluating new opportunities through our strong network."

Pursuant to the final tranche, the company issued 635,000 units at a price of $1 per unit for gross proceeds of $635,000. 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 final tranche, the company paid finders' fees of $24,000 and issued 24,000 non-transferable finders' warrants to eligible parties, where applicable, in accordance with applicable securities laws and exchange policies. Under the entire offering, the company paid arm's-length finders total finders' fees of $208,920 and issued 208,920 non-transferable finders' warrants. Each finder's warrant is exercisable at a price of $1.30 per common share for a period of two years from the date of issue.

Under the first tranche 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.

Stock option grant

The company also announces that it has granted 2,468,600 stock options to certain directors, officers, employees and advisers of the company in accordance with its stock option plan. The options are exercisable at a price of $1.10 per share for a period of five years from the date of grant.

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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