Mr. Robert Archer reports

PINNACLE PROVIDES FURTHER DETAILS FOR EL POTRERO FINDER'S FEE

Pinnacle Silver and Gold Corp. has received conditional TSX Venture Exchange approval for all finder's fee shares associated with the staged option of the high-grade El Potrero gold-silver project in Durango, Mexico.

Further to Pinnacle news release of Feb. 24, 2025, a finder's fee of 4 per cent of the measurable benefit of each instalment payment will be paid to Juan Jose Camacho, who is arm's length to the issuer and the vendor, corresponding to the payment schedule outlined in the definitive agreement, in accordance with TSX-V Policy 5.1. In total, the exchange has conditionally approved the issuance of 191,580 finder's fee shares. Up to $298,000 (U.S.) in total cash payments may also be made to the finder according to the following schedule and conditions.

The initial finder's fee instalment was made on Feb. 24, 2025, and comprised 71,580 shares at a deemed value of five cents. A second share issuance of 40,000 shares, at a deemed value of 11 cents, and a cash payment of $8,000 (U.S.) will be made. A third instalment, comprising 40,000 shares and $30,000 (U.S.), will be due on Feb. 24, 2026. Assuming the option agreement continues, $40,000 (U.S.) will be payable when the plant is sufficiently upgraded and all permits received to commence production, or four years from signing the DA, whatever happens first; $60,000 (U.S.) one year after commencing production or five years from signing the DA, whatever happens first; and $120,000 (U.S.) two years after commencing production or seven years from signing the DA, whatever happens first. A contingency issuance of 40,000 shares and a payment of $40,000 (U.S.) may be made at an undetermined time, upon Pinnacle establishing a mineral resource estimate, as defined by National Instrument 43-101, of at least 350,000 gold equivalent ounces in the inferred category or better.

About the Potrero property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000-tonne-per-day Cienega mine (Fresnillo), the 1,000-tonne-per-day Tahuehueto mine (Luca Mining) and the 250-tonne-per-day Topia mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the lower Volcanic series and has three historic mines along a 500-metre strike length. The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100-tonne-per-day plant on site can be refurbished/rebuilt and historic underground mine workings rehabilitated at relatively low cost to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.

Pinnacle will earn an initial 50-per-cent interest immediately upon commencing production. The goal would then be to generate sufficient cash flow with which to further develop the project and increase the company's ownership to 100 per cent subject to a 2-per-cent NSR. If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metal projects in the Americas. The high-grade Potrero gold-silver project in Mexico's Sierra Madre belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production. In the prolific Red Lake district of Northwestern Ontario, the company owns a 100-per-cent interest in the past-producing, high-grade Argosy gold mine and the adjacent North Birch project with an eight-kilometre-long target horizon. With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.