Mr. David Stein reports

KUYA ANNOUNCES FIRST TRANCHE CLOSING OF NON-BROKERED PRIVATE PLACEMENT PURSUANT TO THE LISTED ISSUER FINANCING EXEMPTION

Kuya Silver Corp. has closed the first tranche closing of its non-brokered private placement previously announced July 24, 2025, and amended Aug. 13, 2025. The company issued 15.86 million units of the company at a price of 50 cents per unit for aggregate gross proceeds of $7.93-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 dated July 24, 2025, as amended on Aug. 13, 2025, related to the offering that can be accessed under Kuya Silver's profile at SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant issued in the first tranche entitles the holder thereof to acquire one additional common share at an exercise price of 65 cents per common share until Aug. 14, 2028. 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 exemption.

In connection with the first tranche, the company compensated finders eligible and qualified under Canadian securities laws a cash commission totalling $66,150, being up to 4.0 per cent on total proceeds received from subscribers introduced to the company by eligible finders and issued 126,800 non-transferable common share purchase warrants equal to up to 4.0 per cent of the total units issued to subscribers introduced to the company by eligible finders. Each finder's warrant issued in connection with the first tranche entitles the holder to acquire one common share at an exercise price of 50 cents per common share until Aug. 14, 2028. Securities issued to eligible finders are subject to a statutory hold period expiring Dec. 15, 2025, 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.

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.