Mr. Rob Bruggeman reports

OUTCROP SILVER ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT AND UPDATED MINERAL RESOURCE ESTIMATE FOR THE SANTA ANA PRIMARY SILVER PROJECT

Outcrop Silver & Gold Corp. has filed on SEDAR+ an independent technical report prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, titled "NI 43-101 Technical Report and Updated Mineral Resource Estimate for the Santa Ana Project, Tolima Department, Colombia."

The report was prepared by Alfonso Rodriguez, MSc, PGeo, and Warren Black, MSc, PGeo of Apex Geoscience Ltd., each a qualified person as defined under NI 43-101. The effective date of the report is Sept. 10, 2026.

There are no material differences in the report from those results disclosed in the company's news release dated Sep. 14, 2026.

The complete report can be found on the company's website and under the company's profile on SEDAR+. The company's previous technical reports are no longer current and should not be relied upon.

Qualified persons

The technical information presented in this news release has been reviewed and approved by Carlos Torres, PGeo, vice-president of exploration for Outcrop Silver and the qualified person for exploration at the Santa Ana Project, as defined by NI 43-101.

About Santa Ana

The 100-per-cent-owned Santa Ana project spans approximately 28,000 hectares, encompassing both titles and applications, within the Mariquita district, the largest and highest-grade primary silver district in Colombia, with mining records dating back to 1585.

Santa Ana's updated resource estimate effective Sept. 10, 2026, detailed in the report outlines an indicated mineral resource estimate of 1,793,000 tonnes containing 29.9 million ounces silver equivalent at a grade of 519 grams per tonne AgEq (376 g/t silver and 1.80 g/t gold) and an inferred mineral resource estimate of 2,352,000 tonnes containing 27.9 million ounces AgEq at a grade of 368 g/t AgEq (266 g/t Ag and 1.29 g/t Au). The identified resources span 13 major vein systems that include multiple parallel veins and mineralized shoots. The report is available on the company's website and SEDAR+.

The continuing 35,000-metre drill campaign has extended known mineralization and tested additional target areas within the 17-kilometre-long fully titled mineralized corridor at the Santa Ana project. Additional drilling will focus on growing mineral resources within the known vein systems while also testing new vein systems. Since initial drilling in 2019, the company has a record of discovering new high-grade vein systems on a regular basis.

About Outcrop Silver & Gold Corp.

Outcrop Silver is rapidly advancing its flagship Santa Ana primary silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region, Outcrop Silver is focused on expanding high-grade silver and gold mineral resources while advancing the Santa Ana project toward potential production.

At the core of Outcrop's operations is a commitment to responsible mining practices and community engagement, underscoring the company's approach to sustainable development. With a deep understanding of the Colombian mining landscape and a proven record of successful exploration, Outcrop Silver is well positioned to advance the Santa Ana primary-silver project while making a positive contribution to the local economy.

We seek Safe Harbor.