Mr. Daniel Earle reports

HIGHLANDER SILVER ANNOUNCES $330M SENIOR SECURED PROJECT FINANCE FACILITY MANDATE WITH NATIXIS CIB

Highlander Silver Corp. has executed a mandate letter with Natixis Corporate & Investment Banking to lead a fully underwritten seven-year senior secured structured project finance facility of $330-million to finance the development and construction of the Corani silver project in Peru. The financing will be supported by a cost overrun facility of up to $100-million to be established prior to first draw and provided by the company; final facility amounts will be subject to due diligence. As of June 30, 2026, the company reported a cash balance of approximately $100-million and no debt. All amounts in this release are in U.S. dollars unless otherwise indicated.

Natixis CIB brings deep expertise in structuring project financing for large-scale mining developments, reinforcing the Corani silver project as a globally recognized, bankable asset. The execution of this mandate letter represents a major milestone in advancing toward a fully financed construction package.

Daniel Earle, president and chief executive officer of Highlander Silver, commented: "Highlander Silver is delighted to partner with Natixis CIB, which is widely regarded as one of the world's leading project finance institutions, with a distinguished track record of financing successful development projects. The facility represents a strong endorsement of the Corani silver project, providing high-quality capital that follows a rigorous multidisciplinary due diligence process across key technical, financial, environmental and social aspects of the project that set it apart from recent peer financings in the high-yield and convertible debt markets. Importantly, Highlander Silver has retained 100 per cent of the offtake rights to the project to preserve optionality and maximize future value amidst an intensifying global competition for clean concentrates."

The facility is subject to completion of definitive documentation, which will include customary project finance terms, fees and conditions, credit approvals, and the completion of continuing detailed technical, financial, environmental and social due diligence. Closing is expected in the first quarter of 2027.

About Highlander Silver Corp.

Highlander Silver is a high-quality silver-growth company developing a portfolio of advanced-stage assets in Peru, which includes the bonanza-grade San Luis gold-silver project, which ranks among the 10 highest-grade projects globally in both gold and silver categories, and the Corani silver project, the largest silver deposit in development globally. The company also operates the Mercedes gold-silver mine in Mexico. Highlander Silver's major shareholders include the Augusta Group, Lundin family and Eric Sprott.

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