Mr. Nicholas Rodway reports

CORE SILVER ANNOUNCES CLOSING OF LIFE FLOW-THROUGH PRIVATE PLACEMENT OFFERING

Core Silver Corp. has closed its previously announced non-brokered listed issuer financing exemption private placement offering by issuing six million flow-through units of the company at 75 cents per LIFE FT unit for gross proceeds of $4.5-million. Each LIFE FT unit is composed of one common share in the capital of the company and one common share purchase warrant. Each LIFE FT share was issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). Each LIFE warrant is exercisable to acquire one additional common share of the company at an exercise price of 85 cents for a period of 24 months from the date of closing.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the LIFE offering was made to purchasers resident in Canada and in offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106. The securities issued under the exemption are not subject to a hold period in accordance with applicable Canadian securities laws.

The company intends to use the gross proceeds of the LIFE offering to advance the exploration of the company's Blue property located in Atlin, B.C. The proceeds from the sale of the LIFE FT units will be used to incur exploration expenses that qualify as Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada), flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the tax act for purposes of the critical mineral exploration tax credit and, for individual subscribers resident in British Columbia, B.C. flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia). Such expenses will be incurred on or before Dec. 31, 2026, and renounced to the subscribers with an effective date no later than Dec. 31, 2025.

About Core Silver Corp.

Core Silver is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in British Columbia, Canada. The company currently holds 100-per-cent ownership in the Blue property, which covers a land area of 114,074 hectares (approximately 1,140 square kilometres). The Blue property lies within the Atlin mining district, a gold mining camp located in the unceded territory of the Taku River Tlingit First Nation and the Carcross/Tagish First Nation. The Blue property hosts a major structural feature known as the Llewellyn fault zone. This structure is approximately 140 km in length and runs from the Tally-Ho shear zone in the Yukon, south through the Blue property, to the Alaskan Panhandle Juneau ice sheet in the United States. Core Silver believes that the south Atlin Lake area and the LFZ have been neglected since the last major exploration campaigns in the 1980s. The LFZ plays an important role in mineralization of near-surface metal occurrences across the Blue property. The past 50 years have seen substantial advancements in the understanding of porphyry, skarn and carbonate replacement type deposits both globally and in British Columbia's Golden Triangle. The company has leveraged this information at the Blue property to tailor an already proven exploration model and believes this could facilitate a major discovery. Core Silver is excited to become one of the Atlin mining district's premier explorers where its team believes there are substantial opportunities for new discoveries and development in the area.

We seek Safe Harbor.