Mr. Morgan Good reports

SILICON METALS CORP. SIGNS A DEFINITIVE OPTION TO ACQUIRE 100% OWNERSHIP OF SUDBURY DISTRICT BASED AGGREGATE PERMIT, ACQUIRES ENCOMPASSING MINERAL CLAIMS AND ANNOUNCES PRIVATE PLACEMENT OF UP TO $800,000

Silicon Metals Corp. has signed two definitive agreements dated July 14, 2025, with two separate arm's-length vendors located in the Sudbury district of Ontario to acquire a 100-per-cent ownership and interest in an aggregate permit (AP645) and surrounding mining claims covering known quartz-rich pegmatite mineralization. The company also announces the intention to complete a private placement of units for gross proceeds of up to $800,000.

Highlights:

• The active aggregate permit allows for the extraction of high-purity quartz material by means of quarrying.
• Mineralization in the permit area hosts quartz-rich pegmatite bodies, also containing feldspar and mica.
• The permit location is easily accessible, with minor rehabilitation work needed to begin commercial extraction.
• The permit area encompasses 6.77 hectares and initial 3,000-tonne-per-year extraction; the company is investigating options for expansion.
• Additional mining claims secured covering the permit and surrounding area, totalling 111.35 hectares, include potential to define multiple quartz-rich pegmatite bodies.

Morgan Good, chief executive officer of Silicon Metals, commented: "We are more than excited to further add diversified assets to our growing portfolio, particularly in Ontario as they increase Silicon's ability to develop its business model and provide a potential pathway to a non-dilutive way of adding capital to the company. We are optimistic today's news sets the stage for an aggressive advancement in the company's 2025 and 2026 plans, over all increasing shareholder value."

Definitive option agreement with Geotek Exploration and Prospecting Ltd. to acquire 100-per-cent ownership of aggregate permit 6453:

• Silicon must pay the optionor $25,000 in cash within 15 business days from the effective date of the agreement;
• Silicon must pay the optionor $25,000 in cash and issue 500,000 common shares within five business days upon the date in which CSE approval is given;
• On or before 12 months following the Canadian Securities Exchange approval date, issue the optionor 1.5 million common shares;
• On or before 18 months following the CSE approval date, issue the optionor 1.5 million common shares.

Definitive purchase agreement with third party arm's-length vendor for 100-per-cent ownership of five mining claims encompassing AP6453:

• Silicon must issue 100,000 common shares to the seller with 15 business days upon the date in which CSE approval is given.

Ptarmigan project update

The company has received the lidar data from the previously announced work programs planned for Ptarmigan. Internal analysis and modelling utilizing the lidar data and ortho imagery have commenced.

The offering

Pursuant to the offering, the company intends to issue up 16 million non-flow-through units at a price per unit of five cents. The units will consist of one common share of the company and one-half of a common non-flow-through share purchase warrant, with each whole non-flow-through warrant entitling the holder thereof to purchase a non-flow-through common share at an exercise price of five cents for a period of 24 months. The terms of the non-flow-through warrants will also include an accelerator provision, whereby, if the price of the common shares on the CSE closes at 15 cents or higher for a period of 10 consecutive trading days, the company may accelerate the expiry date of the warrants to 30 days from the acceleration trigger.

The company intends to use the aggregate proceeds of the offering for advancement and development of the permit and surrounding claims as well as for general working capital purposes. Finders' fees may be payable in connection with the offering in accordance with the policies of the CSE.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45-102, Resale of Securities.

With the announcement of the offering, the company also provides an update that no further tranches will occur under the previously announced private placement, as detailed in the company's news releases dated March 17, 2025, and April 17, 2025.

Technical information

Raymond Wladichuk, PGeo, chief operating officer of Silicon Metals, a qualified person as per National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific information in this news release. Mr. Wladichuk is a professional geoscientist registered in British Columbia and Ontario.

About Silicon Metals Corp.

Silicon Metals is currently focused on exploration in Western Canada, namely British Columbia. The company holds an undivided 100-per-cent right, title and interest in the Ptarmigan silica project, located approximately 130 kilometres from Prince George, B.C. The company has also acquired an option to purchase an undivided 100-per-cent right, title and interest in both the Silica Ridge silica project, located approximately 70 kilometres southeast from the town of MacKenzie, B.C., as well as the Longworth silica project, located approximately 85 kilometres east from Prince George, B.C. Silicon has also signed a definitive option agreement to earn a 100-per-cent interest in the Sudbury district of Ontario-based aggregate permit 6453 and signed a definitive purchase agreement to acquire five mining claims encompassing the permit itself.

We seek Safe Harbor.