Mr. Robert Archer reports

PINNACLE AMENDS PAYMENT TERMS FOR EL POTRERO PROJECT

Pinnacle Silver and Gold Corp. has signed an amendment agreement with the vendor of the Potrero project in Durango, Mexico, whereby the original payment of $750,000 (U.S.) due on Feb. 21, 2026 (see Pinnacle news release of Feb. 24, 2025), will be split into three equal portions. The new payment schedule will comprise payments of $250,000 (U.S.) on each of Feb. 24, May 24 and Aug. 24, 2026. All other cash payments and share issuances remain the same.

Robert Archer, president and chief executive officer of Pinnacle, stated: "We are very appreciative of the opportunity to spread out the payments as this will allow us to better budget our direct project costs and place more emphasis on advancing the project. With our recently completed financing, we are continuing our fast-track approach to production at El Potrero with the upcoming underground drilling program."

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 (tpd) Cienega mine (Fresnillo), the 1,000 tpd Tahuehueto mine (Luca Mining) and the 250 tpd 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 tpd plant on site can be refurbished/rebuilt and historic underground mine workings rehabilitated at relatively low cost in order 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 (net smelter return). 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 metals 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.