Mr. Frederick Davidson reports

IMPACT SILVER ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER

Impact Silver Corp. has appointed Fernando Montoya as the company's chief financial officer, effective immediately.

Fernando Montoya, LLB, CPA, brings a unique combination of corporate finance, accounting, legal and operational support expertise developed over 25 years, with a strong emphasis on cross-border financial management and regulatory compliance between Mexico and Canada. He has advised multiple Canadian-listed mining companies with producing assets in Mexico, applying deep knowledge of IFRS (international financial reporting standards) financial reporting, internal control frameworks, treasury functions, and cross-jurisdictional tax and legal structuring. Mr. Montoya's background includes senior financial and administrative roles within multinational mining groups, as well as nearly a decade with KPMG -- ultimately heading the Chihuahua office -- where he led audit and advisory engagements for international clients across diverse reporting frameworks. His dual qualifications as a licensed lawyer and CPA, together with extensive experience supporting operational roles and decision-making at active mine sites, enable a fully integrated approach to cross-border compliance, fiscal strategy and operational oversight for the company's producing mines and Canadian corporate platform.

Jerry Huang will continue with the company as vice-president, finance, where he will focus on expanding relationships within the investment community, advancing M&A (merger and acquisition) initiatives and driving opportunities to enhance shareholder value. Over his tenure as CFO, Mr. Huang has demonstrated his financing capabilities, and has established solid relationships with shareholders, investors, institutions, finance partners, and the broader mining and investment communities. As Impact grows organically and through acquisitions, divestitures and potential joint ventures, Mr. Huang will concentrate on strengthening Impact's market value.

Fred Davidson, chief executive officer of the company, added: "We welcome the addition of Mr. Montoya to our management team at Impact. Mr. Montoya has acted as a financial and administrative consultant to the company over the past few years, working well with our operating group and demonstrating strong financial leadership and direction. Combined with his legal and mining experience, Mr. Montoya will be actively involved in guiding the growth of the company in Mexico and Canada in the future."

About Impact Silver Corp.

Impact is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of Zacualpan silver-gold district: Impact owns 100 per cent of the 211-square-kilometre Zacualpan project in central Mexico, where four producing underground silver mines and one open-pit mine feed the central 500-tonne-per-day (tpd) Guadalupe processing plant. To the south, the Capire project includes a 200 tpd processing pilot plant adjacent to an open-pit silver mine with a National Instrument 43-101 inferred mineral resource of over 4.5 million ounces silver, 48 million pounds zinc and 21 million pounds lead (see Impact's news release dated Jan. 18, 2016, for details and the QP (qualified person) statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 19 years, Impact has developed multiple exploration zones into commercial production and has produced over 13.7 million ounces of silver, generating revenue of more than $307-million, with no long-term debt.

Plomosas zinc-lead-silver district: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The company recently restarted mining operations and is ramping up production. Exploration potential at Plomosas is exceptional along the six-kilometre-long structure. This is in addition to other exploration targets on the 3,019-hectare property, including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

George Gorzynski, PEng, a director of the company, is a qualified person within the meaning of NI 43-101 and has approved the technical information contained in this news release.

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