Mr. Colin Smith reports

FIRST ANDES SILVER ANNOUNCES $2 MILLION PRIVATE PLACEMENT FINANCING

First Andes Silver Ltd. has arranged a private placement financing of up to 16,666,667 common shares at a price of 12 cents per common share for aggregate gross proceeds of up to $2-million pursuant to the listed issuer financing exemption under Section 5A.2 of National Instrument 45-106 (Prospectus Exemptions), as amended by Coordinate Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption).

The company may pay finders a fee in cash and share purchase warrants as permitted under the rules of the TSX Venture Exchange. Each finder's warrant will be exercisable at a price of 12 cents per share for a period of two years from the date of issue.

There will be an offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The net proceeds of the offering will be used on: (i) an augmented second quarter 2026 drilling program at the Santas Gloria property; (ii) exploration work at the Santas Gloria property; (iii) annual mineral claim payments in Peru; and (vi) general working capital purposes.

Closing is subject to the acceptance of the TSX Venture Exchange.

About First Andes Silver Ltd.

First Andes is a B.C. company that holds a 100-per-cent interest in the high-grade Santas Gloria silver property, located in a major mining district 55 kilometres east of Lima, Peru. Santas Gloria has excellent established road access, is situated within an intermediate-sulphidation epithermal belt, and hosts over 12 km of multiphase veins mapped at surface that had never been historically drilled or explored by modern techniques prior to 2024. In only two phases of diamond drilling (2024-2025), First Andes has reported strong near-surface epithermal silver intercepts in 21 of 26 drill holes, confirming silver mineralization across multiple vein systems and supporting systematic, project-wide exploration and follow-up drilling in 2026.

We seek Safe Harbor.