Mr. Arturo Prestamo reports

SANTACRUZ SILVER ANNOUNCES RESULTS OF 2025 ANNUAL GENERAL AND SPECIAL MEETING

All matters were approved at Santacruz Silver Mining Ltd.'s annual general and special meeting of shareholders held on Nov. 25, 2025.

At the meeting, shareholders fixed the number of directors at five and re-elected Arturo Prestamo Elizondo, Federico Villasenor, Larry Okada, Barry Girling and Roland Lohner as directors. As previously announced, Mr. Lohner has stepped down from the board of directors immediately following the meeting and is replaced by Bruce Wolfson. The company thanks Mr. Lohner for his contributions and is pleased to welcome Mr. Wolfson to the board.

In addition, shareholders overwhelmingly approved the proposed consolidation of the company's common shares in anticipation of the company's proposed listing on the Nasdaq.

The company will announce the effective date and ratio of the consolidation in a future news release once determined. As previously announced, the company is effecting the consolidation in order to satisfy Nasdaq's initial listing requirements, which include a minimum bid price of $4.00 (U.S.) per share.

All other matters voted on at the meeting, including reapproval of the company's omnibus incentive plan, were also approved by shareholders.

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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