Mr. David Stein reports

KUYA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT PURSUANT TO THE LISTED ISSUER FINANCING EXEMPTION

Kuya Silver Corp. has arranged a non-brokered private placement of a minimum of 10 million units and up to a maximum of 20 million units of the company at a price of 50 cents per unit for aggregate gross proceeds of a minimum of $5-million and up to a maximum of $10-million. The offering is being completed pursuant to the amendments to National Instrument 45-106, Prospectus Exemptions, set forth in Part 5A thereof to purchasers resident in Canada, except Quebec, and such other jurisdictions outside of Canada in compliance with applicable securities laws of those jurisdictions. The company has filed a Form 45-106F19 offering document related to the offering that can be accessed under Kuya Silver's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at an exercise price of 65 cents per common share for a period of 36 months from the date of issuance. The units issued in the offering will not be subject to any statutory hold period under applicable Canadian securities laws, subject to limitations prescribed by the LIFE (limited issuer financing exemption).

In connection with the offering, the company has engaged ECM Capital Advisors Ltd. to act as its financial adviser and may pay fees in accordance with the policies of the Canadian Securities Exchange, being a cash commission of up to 7.0 per cent on total proceeds received from subscribers introduced to the company by ECM and the issuance of non-transferable common share purchase warrants equal to up to 7.0 per cent of total units issued to subscribers introduced to the company by ECM. Each finder's warrant will entitle ECM to acquire one common share at an exercise price of 50 cents per common share for a period of 36 months from the date of issuance. The company may also pay certain reasonable expenses incurred by ECM up to a maximum of $10,000, exclusive of taxes. Securities issued to ECM will be subject to a statutory hold period expiring four months and one day after issuance in accordance with the policies of the exchange and applicable Canadian securities laws.

The company intends to use the net proceeds from the offering for exploration and development expenses for the company's Bethania project and general working capital purposes, as more specifically detailed in the offering document.

The offering may close in multiple tranches, with the first tranche closing expected to occur on or before July 31, 2025, and the final closing to occur no later than Sept. 7, 2025. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the exchange.

About Kuya Silver Corp.

Kuya Silver is a Canadian-based, growth-oriented mining company with a focus on silver. Kuya Silver operates the Bethania silver mine in Peru, while developing district-scale silver projects in mining-friendly jurisdictions, including Peru and Canada.

We seek Safe Harbor.