Mr. Steve Cope reports

SILVER VIPER CLOSES $14 MILLION FIRST TRANCHE OF PRIVATE PLACEMENT

Silver Viper Minerals Corp. has closed the first tranche of its $17-million private placement announced on Nov. 18 and increased on Nov. 21 and Nov. 24, 2025, issuing 17,816,250 units of the company at a price of 80 cents per unit for aggregate gross proceeds of $14,253,000.

Each unit consisted of one common share of the company and one warrant. Each warrant entitles the holder thereof to acquire one share from the company at a price of $1.20 per share for a period of 24 months from the date of issue. The shares and warrants comprising the units and any shares issued upon the exercise of the warrants are subject to a statutory hold period, which expires on April 13, 2025. The expiry date of the warrants may be accelerated by the company at any time following closing and prior to the expiry date of the warrants if the volume-weighted average trading price of the company's common shares is greater than $1.40 for any 20 consecutive trading days. Following the occurrence of an acceleration event, the company may accelerate the expiry date of the warrants by issuing a press release announcing the acceleration of the expiry date of the warrants, following which the warrants will expire on a date not less than the 20th calendar day after the date of such press release.

The funds will be used to continue surface exploration including mapping and sampling in preparation for a future drill campaign at the company's La Virginia gold-silver project located in Mexico. In addition, a portion of the funds raised will be used for working capital requirements and other general corporate purposes. The company anticipates closing the second and final tranche of the offering in the week of Dec. 15, 2025.

The company has agreed to pay a finder's fee to certain finders in respect of those purchasers under the offering introduced to the company by such finder. In connection with the closing of the first tranche, Silver Viper will pay finders' fees of $450,600 to Research Capital Corp., $103,320 to Haywood Securities Inc., $19,320 to Leede Financial Inc., $10,200 to Raymond James, $3,990 to Canaccord Genuity Corp., $720 to EMD Securities, $600 to Ventum Financial Corp. and $600 to Laurentian Bank.

About Silver Viper Minerals Corp.

Silver Viper is a Canadian-based junior mineral exploration company focused on advancing precious metal projects in Mexico. The company's portfolio includes La Virginia gold-silver project in Sonora, the Cimarron gold-copper project in Sinaloa and the recently announced Coneto silver-gold project acquisition, collectively representing a strong pipeline of district-scale exploration opportunities within Mexico's prolific silver belt.

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