File: '\\swfile\EmailIn\20251212 141244 Attachment News Release re_ CFO (December 2025) Dec 12.docx'

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NEWS RELEASE

IMPACT Silver Corp.

For Release: Dec. 12, 2025

Trading Symbols:

"IPT: TSX-V"

"ISVLF:US" "IKL:FR"

IMPACT SILVER ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER

Vancouver, B.C., December 12, 2025. IMPACT Silver Corp. (TSXV:IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce the appointment of Fernando Montoya as the Company's Chief Financial Officer, effective immediately.

Fernando Montoya, LL.B., 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 financial reporting, internal control frameworks, treasury functions, and cross-jurisdictional tax and legal structuring. Fernando'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 initiatives, and driving opportunities to enhance shareholder value. Over his tenure as CFO, Jerry has demonstrated his fundraising 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, CEO 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

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 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 an NI 43-101 inferred mineral resource of over 4.5 million ounces silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP 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 6 km 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.

On behalf of IMPACT Silver Corp.

"Frederick W. Davidson"

President & CEO

For more information, please contact:

Jerry Huang

Vice President, Finance | Investor Relations

(604) 664-7707 or inquiries@impactsilver.com

(778) 867-7909

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, criminal activity, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.