Mr. Arturo Prestamo Elizondo reports

SANTACRUZ SILVER COMPLETES FULL $40 MILLION BASE PURCHASE PRICE PAYMENT, MARKING MILESTONE IN BOLIVIAN GROWTH STRATEGY

Santacruz Silver Mining Ltd. has completed the fourth and fifth payments, including the final instalment, totalling $15-million (U.S.), to Glencore. This milestone marks the full satisfaction of the $40-million (U.S.) acceleration option and completes the base purchase price for the acquisition of the company's Bolivian assets, underscoring a significant step forward in its growth strategy.

This $15-million (U.S.) instalment, reflecting the Sept. 5 and Oct. 31, 2025, payments, together with the previously announced payments made on March 20, May 6 and July 7, 2025, completes the total base purchase price under the acceleration option of $40-million (U.S.). With this payment, Santacruz has successfully secured $40-million (U.S.) in savings and reinforced its commitment to financial discipline and long-term value creation.

Arturo Prestamo, executive chairman and chief executive officer of Santacruz, commented: "We are thrilled to have fully executed this strategic plan, which reflects our disciplined financial approach and commitment to creating long-term value. Completing the final payments to Glencore not only fulfills our obligations under the acceleration option but also underscores the strength of our balance sheet and prudent capital management."

Mr. Prestamo added: "With $40-million (U.S.) now fully satisfied, we have generated significant savings and are well positioned to advance our growth strategy. We sincerely thank Glencore for their ongoing support and collaborative approach throughout this process."

Please refer to the company's April 4, 2024, Oct. 3, 2024, March 20, 2025, May 6, 2025, and July 7, 2025, news releases for details on the payment structure for the Bolivian assets acquisition.

About Santacruz Silver Mining Ltd.

Santacruz Silver is engaged in the operation, acquisition, exploration and development of mineral properties across Latin America. In Bolivia, the company operates the Bolivar, Porco and Caballo Blanco mining complexes, with Caballo Blanco comprising the Tres Amigos and Colquechaquita mines. The Reserva mine, whose production is provided to the San Lucas ore sourcing and trading business, is also located in Bolivia. Additionally, the company oversees the Soracaya exploration project. In Mexico, Santacruz operates the Zimapan mine.

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