Mr. Colin Smith reports

FIRST ANDES SILVER ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

First Andes Silver Ltd. has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the Toronto Stock Exchange and other applicable legislation. ICP will be paid a monthly fee of $7,500, plus applicable taxes.

The agreement between the company and ICP was signed with a start date of Aug. 22, 2025, and is for four months and shall be automatically renewed for subsequent one-month terms (each month called an additional term) unless either party provides at least 30 days written notice prior to the end of the initial term or an additional term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP does not currently own any securities of the company.

ICP is an arm's-length party to the company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities.

About First Andes Silver Ltd.

First Andes Silver is a British Columbia company that holds a 100-per-cent interest in the high-grade Santas Gloria silver property, located in a major mining district 100 kilometres east of Lima, Peru. Santas Gloria has excellent established road access, and is situated within a well-known intermediate sulphidation epithermal belt and hosts over 12 km of multiphase veins mapped at surface which had never been historically drilled or explored by modern techniques before 2024. First Andes' maiden diamond drill program last year reported high-grade silver grades on all drilled vein systems confirming silver endowment and warranting high-priority follow-up drilling in 2025.

We seek Safe Harbor.