Mr. David Stein reports

KUYA ANNOUNCES UPSIZE OF BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO $25.5 MILLION

As a result of strong investor demand, Kuya Silver Corp. has increased the size of its previously announced best efforts brokered private placement from aggregate gross proceeds of up to $15-million to aggregate gross proceeds of up to $25.5-million. Up to $15.5-million of the offering will be completed pursuant to the LIFE (as defined below) and up to $10-million will be completed pursuant to OSC Rule 72-503 -- Distributions Outside Canada.

The upsized offering, which is being co-led by AGP Canada Investments ULC and Integrity Capital Group Inc., comprises the sale of up to 25.5 million units of the company at a price of $1.00 per unit. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at a price of $1.30 per common share for a period of 36 months from the date of issuance.

The offering is being completed pursuant to National Instrument 45-106 -- Prospectus Exemptions set forth in Part 5A thereof, as amended by the Canadian Securities Administrators' Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption to purchasers resident in Canada, except Quebec, and such other jurisdictions outside of Canada in compliance with applicable securities laws of those jurisdictions. There is an amended and restated Form 45-106F19 offering document related to the offering that can be accessed under Kuya Silver's issuer profile at SEDAR+ and on the company's website. In addition, the offering is being completed in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended, and in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The units will also be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503. The units issued in the offering pursuant to the LIFE and pursuant to OSC Rule 72-503 will not be subject to any statutory hold period under applicable Canadian securities laws.

Prospective investors should read the amended and restated offering document before making an investment decision.

The company intends to use the net proceeds of the offering and other available funds for general corporate and working capital purposes, to advance the company's Bethania project in Peru with the acquisition of and/or development of concentrate processing capacity (which may include, at the company's discretion, the acquisition of processing operations or equipment that may be located outside of the immediate Bethania project area), to continue to explore the Silver Kings project in Ontario and for discretionary growth capital, as more specifically detailed in the amended and restated offering document.

The offering may close in multiple tranches, with the first tranche expected to close on or about Jan. 14, 2026, and the final closing to occur no later than Feb. 20, 2026. The offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities 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.