Mr. Jason Baker reports

MAGMA SILVER ANNOUNCES PROCONSUL MARKETING AGREEMENT

Magma Silver Corp. has entered into an investor relations agreement dated Jan. 23, 2026 with Proconsul Capital Ltd., an arm's-length party to the company. Pursuant to the agreement, Proconsul has agreed to provide strategic communication services to the company, in consideration for a fee of $7,000, plus applicable taxes per month during the term of the agreement and the issuance of stock options in the company. The agreement is in effect until July 23, 2026, and renewable automatically on a month-to-month basis unless terminated by either party in accordance with the termination provisions contained in the agreement. Proconsul's business address is 200, 100 Richmond St. W., Toronto, Ont., M5H 3K6, e-mail acurkovic@proconsulcapital.com, telephone 416-577-9927. Proconsul currently owns no securities of the company.

The consultant options are exercisable to purchase 150,000 common shares in the capital of the company at a price of 33 cents per share, for a two-year term. The consultant options vest 25 per cent each of three, six, nine and 12 months. The options were granted pursuant to the company's stock option plan.

Agoracom

The company also clarifies that the 128,409 shares announced in its Dec. 1, 2025, news release were issued at a deemed price of 22 cents.

About Magma Silver Corp.

Magma Silver is a natural resources exploration company focused on acquiring, exploring, developing and operating precious metal mining projects.

We seek Safe Harbor.