Mr. David Stein reports

KUYA ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT FOR $25 MILLION

Kuya Silver Corp. has closed its previously announced best effort brokered private placement of units for aggregate gross proceeds of $25.5-million. Pursuant to the offering, the company sold 25.5 million units at a price of $1 per unit.

Each unit consisted of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of $1.30 per common share until Jan. 15, 2029.

The offering was 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 pursuant to an exemption from the prospectus requirements in Canada available under Ontario Securities Commission Rule 72-503 (Distributions Outside Canada). 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, subject to limitations under applicable Canadian securities laws. An amended and restated offering document dated Jan. 7, 2026, can be accessed under the company's profile at SEDAR+ and on the company's website.

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 was co-led by AGP Canada Investments ULC and Integrity Capital Group Inc., and AGP/Alliance Global Partners acted as U.S. agent. As consideration for their services, the agents received aggregate cash fees of 6 per cent of the aggregate gross proceeds of the offering plus a structuring fee of 1 per cent of the gross proceeds from the offering (up to $150,000). In addition, the agents received broker warrants equal to 6 per cent of the aggregate number of units sold. Each broker warrant is exercisable into one unit at a price of $1 until Jan. 15, 2029, and is subject to a statutory hold period expiring May 16, 2026, in accordance with the policies of the Canadian Securities Exchange and applicable Canadian securities laws.

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.