Plan of arrangement

Pursuant to special resolutions passed by the shareholders of Summa Silver Corp. on July 24, 2025, Summa and Silver47 Exploration Corp. have completed a plan of arrangement under Section 288 of the Business Corporations Act (British Columbia). The arrangement was completed on Aug. 1, 2025, and has resulted in Silver47 acquiring all of the issued and outstanding common shares of Summa for consideration consisting of 0.452 common share of Silver47 for every common share of Summa acquired.

In connection with the arrangement, Summa and Silver47 issued an aggregate of 1,446,650 advisory units on completion of the arrangement. Each advisory unit comprises one share and one-half of one share purchase warrant, with each whole warrant exercisable to acquire one Silver47 share at an exercise price of 79.6 cents for a period of 24 months.

For additional information, please refer to the information circular of Summa dated June 12, 2025, and news releases dated May 13, 2025, June 3, 2025, June 17, 2025, July 25, 2025, and Aug. 1, 2025, available on Summa's and Silver47's profiles on SEDAR+.

Postarrangement capitalization of Silver47

Capitalization:  unlimited common shares with no par value, of which 139,627,910 common shares are issued and outstanding

Transfer agent:  Odyssey Trust Company

Trading symbol:  AGA (unchanged)

Cusip No.:  827719 10 5 (unchanged)

Delisting

As a result of the completion of the plan of arrangement, effective at the close of business on Tuesday, Aug. 5, 2025, the common shares of Summa will be delisted from the TSX Venture Exchange.