Mr. Adam Cegielski reports

SILVER VIPER MINERALS ANNOUNCES EXECUTION OF DEFINITIVE AGREEMENT TO ACQUIRE THE CONETO SILVER-GOLD PROJECT

Silver Viper Minerals Corp. has executed a definitive share purchase agreement dated March 13, 2026, with Fresnillo PLC and Orex Minerals Inc. in connection with its previously announced (Oct. 28, 2025) acquisition of 100-per-cent ownership of the Coneto silver-gold project, located in Durango, Mexico.

Silver Viper will acquire the vendors' combined interests in Coneto -- 61.21 per cent held by Fresnillo and 38.79 per cent held by Orex -- consisting of all of the outstanding shares of the corporate joint venture that currently holds the Coneto project, through an all-share transaction. Silver Viper will issue an aggregate of 25,531,875 common shares to the vendors in satisfaction of the $15-million (U.S.) purchase price ($20,425,500); each Silver Viper share has a deemed price of 80 cents per share. All Silver Viper shares issued on closing of the acquisition will be subject to a statutory four-month hold period under applicable Canadian securities laws.

Closing of the acquisition is expected to occur as soon as practicable and remains subject to completion of certain customary conditions, including receipt by Silver Viper and Orex of TSX Venture Exchange approval and no material adverse effects impacting the parties prior to closing. On closing, Fresnillo and Silver Viper will enter into an investor rights agreement, providing customary anti-dilution rights for Fresnillo.

In addition, as previously announced, at or prior to closing of the acquisition, Ruben Alvidrez, director of projects and board member at Luca Mining Corp., will also be appointed to the company's board of directors. Mr. Alvidrez brings extensive leadership and operational experience in the mining and financial sectors. Prior to joining the mining industry, Mr. Alvidrez spent over 26 years with Citigroup, serving as senior vice-president of corporate operations for Mexico and Latin America. His background combines deep expertise in corporate governance, operations management and strategic finance.

"This acquisition of the Coneto silver-gold project represents a transformational step for Silver Viper Minerals Corp. -- it materially expands our district-scale exposure in one of Mexico's most prospective silver-gold belts while aligning the company with experienced shareholders and partners. By issuing equity to the vendors, including Fresnillo PLC and Orex Minerals Inc., we preserve strong alignment of interests as we accelerate value-generating exploration and development. We're also pleased to welcome Ruben Alvidrez to the board -- his operational and financial experience will be invaluable as we integrate Coneto and advance our portfolio," stated Adam Cegielski, chairman f Silver Viper.

As per TSX-V policies, the acquisition constitutes a non-arm's-length transaction due to a shared director (Steve Cope).

About Silver Viper Minerals Corp.

Silver Viper Minerals is a Canadian-based junior mineral exploration company focused on advancing precious metals projects in Mexico. The company currently operates two key assets: its flagship La Virginia gold-silver project in Sonora and the recently acquired Cimarron gold-copper project in Sinaloa. The addition of the Coneto project enhances Silver Viper's portfolio with another district-scale opportunity in the heart of Mexico's silver belt.

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