Mr. Vincent Chen reports

HALCONES PRECIOUS METALS ANNOUNCES APPROVAL OF WARRANTS EXTENSION

The TSX Venture Exchange has approved the extension of Halcones Precious Metals Corp.'s expiry dates of a total of 61,759,638 common share purchase warrants. Each warrant entitles the holder thereof to acquire one common share of the company at a price of 10 cents per common share. All other terms of the warrants, including exercise price, will remain the same. The warrants were issued pursuant to the following private placements:

• A total of 30,481,462 common share purchase warrants (the 2023 warrants) were issued as part of a private placement that closed in four tranches (please see the company's press releases dated July 14, 2023, July 19, 2023, July 31, 2023, and Aug. 18, 2023, for more details). The expiry dates of the 2023 warrants have now been extended to July 14, 2027, July 19, 2027, July 31, 2027, and Aug. 18, 2027, respectively.
• A total of 10.6 million common share purchase warrants (the 2024 warrants) were issued as part of a private placement in August, 2024 (please see the company's press release Aug. 26, 2024, for more details). The expiry dates of the 2024 warrants have now been extended to Aug. 26, 2028.
• A total of 20,678,176 common share purchase warrants (the 2025 warrants) were issued as part of a LIFE offering and private placement (please see the company's press releases dated March 27, 2025, April 10, 2025, and May 2, 2025, for more details). The expiry dates of the 2025 warrants have now been extended to March 27, 2029, April 10, 2029, and May 2, 2029, respectively. The company has entered into a supplemental warrant indenture for the warrants issued pursuant to the LIFE offering which can be found under the company's profile at SEDAR+.

About Halcones Precious Metals Corp.

Halcones is focused on exploring for and developing gold-silver projects in Chile. The company has a team with a strong background of exploration success in the region.

We seek Safe Harbor.