Mr. David Stein reports

KUYA SILVER COMMENCES PHASE TWO BETHANIA EXPLORATION PROGRAM

Kuya Silver Corp. has begun the second phase of its 2021 exploration program at the Bethania project, Peru. Kuya Silver's geologic team has begun a detailed surface sampling and trenching program and plans to continue with a multiphase exploration program over the coming months. After successfully concluding the phase 1 exploration program in July, targeted mostly at confirming historically understood mineralization associated with the Bethania silver mine, the next phase of exploration is planned to be much broader in scope.

The main goals of this next phase of exploration are to:

• Expand the resource base at the Bethania project by extending known mineralization along strike and at depth;
• Gain a better understanding of the controls on mineralization in newly identified mineralized zones, such as Hilltop and Carmelita, for potential future resource growth;
• Prospect the company's properties in the Bethania district for additional near-surface mineralized vein targets.

Kuya Silver has mobilized a team to conduct a minimum of 7,000 metres of trenching in the Hilltop zone and the main Bethania mine area. The trenching program has been designed to gather more data on the host rock and veins that outcrop on surface to determine strike length, width of mineralization, variation in geometry and other important features, such as the branching or intersection of veins.

Additional exploration work in the coming months will include underground sampling, followed by a phase 2 drill program to test depth extensions beneath the lower limits of known mineralization in both the mine area and newly identified target, such the Hilltop zone. All exploration activities will begin at the Bethania project (mining concession), followed by similar work programs at nearby Carmelita concessions.

David Stein, Kuya Silver's president and chief executive officer, remarked: "After the success of our phase 1 drill program and also taking into consideration the acquisition of the nearby Carmelita project earlier in the year, we are very excited to launch an even-more-comprehensive exploration program at the Bethania project. While our phase 1 program was geared more towards confirming the historical understanding of the Bethania vein system, we are now in the position over the coming years to test the full extent of the vein system both on the Bethania property and Carmelita while we accelerate development towards production."

National Instrument 43-101 disclosure

The technical content of this news release has been reviewed and approved by David Lewis, PGeo, exploration director of Kuya Silver, a qualified person as defined by NI 43-101.

About Kuya Silver Corp.

Kuya Silver is a Canadian-based mineral exploration and development company with a focus on acquiring, exploring and advancing precious metal assets in Peru and Canada.

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