Mr. Steve Cope reports

SILVER VIPER CLOSES $3.6 MILLION PRIVATE PLACEMENT

Silver Viper Minerals Corp. has closed its $3.6-million non-brokered private placement announced on June 18, 2025, issuing 11,993,149 units of the company at a price of 30 cents per unit for aggregate gross proceeds of $3,484,161.

Each unit consisted of one common share of the company and one-half of one warrant. Each warrant entitles the holder thereof to acquire one share from the company at a price of 50 cents per share for a period of 24 months from the date of issue. All units issued in connection with the offering bears a legend indicating that they are subject to a trading restriction for a period of 12 months following the closing of the transaction.

The issuer intends to use the proceeds from the offering for drilling and other exploration activities at La Virginia, and for working capital and other general corporate purposes.

As consideration for their services in connection with the offering, the finders received a total cash commission of $86,484 and were issued 379,279 finders' units of the company. The finders' units have the same terms as the units issued to subscribers in the offering and bears a legend indicating that they are subject to a trading restriction for a period of 12 months following closing.

Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 1,516,700 units pursuant to the private placement for total consideration of $455,010. Prior to the private placement, Mr. Sprott beneficially owned or controlled 3,333,300 common shares and 1,666,650 common share purchase warrants of the company, representing approximately 6.2 per cent on a non-diluted basis and 9.0 per cent on a fully diluted basis assuming the exercise of such warrants.

As a result of the private placement, Mr. Sprott now beneficially owns or controls 4.85 million common shares and 2,425,000 common share purchase warrants of the company, representing approximately 7.3 per cent on a non-diluted basis and 10.6 per cent on a fully diluted basis assuming the exercise of such warrants.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities, including on the open market or through private acquisitions, or sell the securities, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of the early warning report with respect to the foregoing will appear on Silver Viper's profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario Ltd., 7 King St. E, Suite 1106, Toronto, Ont., M5C 3C5).

Insiders of the company subscribed for a total of 616,667 units. Participation by the insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the private placement by insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Silver Viper Minerals Corp.

Silver Viper is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The company is the operator and 100-per-cent owner of the La Virginia gold-silver project in Sonora. The company continues to evaluate and advance mineral exploration opportunities across key mining jurisdictions in Mexico and acquired the Cimarron project in Sinaloa, Mexico, in June, 2025.

We seek Safe Harbor.