Mr. Peter Bures of Silver Crown reports

SILVER CROWN ROYALTIES ACQUIRES SILVER ROYALTY FROM BACTECH ENVIRONMENTAL

Silver Crown Royalties Inc. has closed the purchase of a royalty from Bactech Environmental Corp., pursuant to the terms of a definitive royalty purchase agreement previously announced on Oct. 28, 2024.

Pursuant to the terms of the agreement, Silver Crown was granted a royalty on Bactech's future bioleaching facility in Tenguel, Ecuador, equal to the cash equivalent of 90 per cent of the silver processed at project. Additionally, the royalty provides that Silver Crown is to receive payments of a minimum 35,000 ounces of silver annually for at least 10 years following the commencement of regular processing operations at the project.

The total purchase price for the royalty consisted of: (i) $1-million (Canadian) in Silver Crown units issued at closing at a deemed value of $10 (Canadian) per unit, with each unit consisting of a common share of Silver Crown and a common share purchase warrant entitling the holder to acquire an additional common share at a price of $16 (Canadian) for a period of 36 months from issue; (ii) 100,000 special warrants issued at closing and exercisable for a period of 36 months into 100,000 common shares of Silver Crown that will be automatically exercised for no additional payment upon Bactech successfully financing the project; and (iii) 200,000 special warrants issued at closing and exercisable into 200,000 common shares for a period of 36 months that will be automatically exercised for no additional payment upon Bactech achieving commercial production. Silver Crown's Oct. 28, 2024, news release erroneously noted that the 300,000 special warrants were exercisable into units as opposed to common shares. If either the financing milestone or production milestone is not successfully achieved within the 36-month period, the respective tranche of the special warrants will expire without having been exercised.

Peter Bures, Silver Crown's chief executive officer, commented: "We are very excited to close this all-equity transaction with Bactech. The royalty has the potential to more than double our current revenues at less-than-25-per-cent dilution. We look forward to cultivating a positive relationship with Bactech as they endeavour to process environmentally sensitive mine waste in an ecologically sound manner."

Ross Orr, Bactech's president and CEO, added: "We look forward to arranging the financing for our Ecuador project to accelerate the receipt of the balance of the shares owed under the agreement. Bactech will continue to pursue additional gold and silver feeds that have arsenic issues where bioleaching can enable miners to achieve higher returns than they currently receive. As shareholders in SCRi, it is safe to assume that they would be our first call should we obtain additional material for processing."

About Bactech Environmental Corp.

Bactech is a company that specializes in environmental technology. Bactech uses a process called bioleaching to recover metals like gold, silver, cobalt, nickel and copper while also safely removing harmful contaminants like arsenic. This process is eco-friendly and uses naturally occurring bacteria that are safe for both humans and the environment. By using its proprietary method of bioleaching, Bactech can neutralize toxic concentrates and tailings while also creating profitable opportunities. Bactech is publicly traded on several stock exchanges, including the Canadian Securities Exchange, OTCQB and Frankfurt Stock Exchange.

About Silver Crown Royalties Inc.

Founded by industry veterans, Silver Crown is a publicly traded, silver royalty company. Silver Crown currently has four silver royalties, of which two are revenue generating. Its business model presents investors with precious metals exposure allowing for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. Silver Crown endeavours to minimize the economic impact on mining projects while maximizing returns for shareholders.

We seek Safe Harbor.