Mr. Mark Ayranto reports

SILVERCO MINING ANNOUNCES KEY ADVISORY AND MANAGEMENT APPOINTMENTS TO DRIVE TRANSITION TO MID-TIER MEXICAN SILVER PRODUCER

Silverco Mining Ltd. has made three key appointments to its leadership team as the company rapidly advances its Mexican silver asset portfolio. George Paspalas has been appointed an adviser, Tara Hassan has been appointed executive vice-president, corporate development, and Victoria Avila has been appointed senior vice-president, corporate affairs and finance. All three will report directly to Silverco's president and chief executive officer, Mark Ayranto.

Mr. Ayranto commented:

"We are thrilled to welcome George, Tara and Victoria to the Silverco team. They bring a vast wealth of knowledge and breadth of experience in Mexico to our leadership group.

"With their addition to the team, Silverco is well positioned in 2026 to become the next Mexican silver producer with meaningful production and transition to a mid-tier producer with two operating mines over the next 12 months."

George Paspalas, adviser

Mr. Paspalas is a highly accomplished mining executive with over 40 years of experience in the industry. He most recently served as CEO of MAG Silver Corp., where he oversaw development, construction and operation of the Juanicipio underground gold-silver mine in Mexico before the successful sale of the company to Pan American Silver Corp. for $2.1-billion (U.S.) in September, 2025. Prior to MAG Silver, he was the president and chief executive officer of Aurizon Mines Ltd. until its sale to Hecla Mining Co. for nearly $800-million (U.S.). He also brings over 14 years of senior management experience working at Silver Standard Resources Inc. and Placer Dome Inc. Additionally, he serves on the Kinross board and was recently appointed to the board of directors of Endeavour Silver Corp.

Tara Hassan, executive vice-president

Ms. Hassan is a registered professional engineer (Ontario) with 20 years of industry experience encompassing mine operations, project development and capital markets. Ms. Hassan most recently served as senior vice-president, corporate development, at SilverCrest Metals Inc., a Mexican gold-silver underground operator. At SilverCrest, she played an integral role in securing more than $250-million (U.S.) in debt and equity financing to support mine construction and in the $1.5-billion (U.S.) sale of the company to Coeur Mining in October, 2024. Prior to that, she spent a significant portion of her career as a ranked equity research analyst covering the precious metals sector. Earlier in her career, she worked as a mining engineer in underground and open-pit operations for Inco and Placer Dome. She currently serves as a director for Orezone Gold Corp. and Americas Gold and Silver Corp., and previously served on the board of Maverix Metals Inc. She holds a bachelor of science degree in mining engineering from Queen's University.

Victoria Avila, senior vice-president, corporate affairs and finance

Ms. Avila is a chartered professional accountant (CPA, CMA) with over a decade of experience as a senior finance executive. Most recently, she served as the chief financial officer for JDS Energy & Mining Inc. from 2015 to 2025. During her tenure at JDS, she oversaw company-wide financial operations, spearheaded major merger and acquisition transactions, and implemented capital and lending structures that supported international operations. Her extensive global background also includes corporate banking, underwriting and analyst roles with the Business Development Bank of Canada, Bank of Nova Scotia in Chile and Mexico, and Export Development Canada. Ms. Avila holds a bachelor of commerce from the University of Ottawa, and is fluent in English, Spanish and French.

Issuance of stock options and restricted share units

Silverco announces that it has granted an aggregate of 55,000 stock options and 285,000 restricted share units (RSUs) to certain directors, officers and advisers of the company.

Options:  The options are exercisable at a price of $9.02 (Canadian) per share for a period of five years.

RSUs:  The RSUs have a term of three year and are subject to the terms of the company's omnibus incentive plan.

Vesting:  The options vest, after one year, in four equal instalments every three months over a one-year period.

All grants remain subject to the approval of the TSX Venture Exchange.

About Silverco Mining Ltd.

Silverco owns a 100-per-cent interest in the 11,665-hectare Cusi property, located in Chihuahua state, Mexico, which lies within the prolific Sierra Madre Occidental gold-silver belt and features an existing 1,200-tonne-per-day mill. Furthermore, the company recently announced a binding letter agreement to acquire Nuevo Silver Inc., which owns 100 per cent of the producing La Negra silver mine in Queretaro, Mexico.

We seek Safe Harbor.