Mr. Peter Dembicki reports

TIER ONE SILVER UPDATES LIFE FINANCING AND RECEIVES BRIDGE LOAN

The targeted closing date for Tier One Silver Inc.'s listed issuer financing exemption (LIFE) offering has been extended to July 15, 2025. In order to pay Peruvian governmental mineral project concession fees due June 30, 2025, the company has received a $175,000 bridge loan from a director. The bridge loan is unsecured, accrues simple interest of 12 per cent per annum, and is due for repayment on the earlier of Sept. 30, 2025, and the completion of the LIFE offering, or other debt or equity financing totalling at least $1-million. The company is not obligated to pay any other fees or issue any securities in connection with the bridge loan.

The company is seeking to raise at least $4.1-million through the issuance of nine-cent units under the offering. Each unit consists of one common share and one share purchase warrant, exercisable from the date that is 61 days after the closing of the offering until the date that is 36 months after the closing date, at an exercise price of 11 cents per share. The net proceeds from the offering will be used for exploration of the company's Curibaya project, to include drilling of the Cambaya target area, and for general corporate and working capital purposes. An amended and restated LIFE offering document dated concurrently with this news release has been filed on SEDAR+ and is available on the company's website. The offering and bridge loan are subject to TSX Venture Exchange approval and customary completion conditions.

The company may pay to certain eligible finders a cash fee of 6 per cent of the gross proceeds of the offering and issue finders' warrants equal to 6 per cent of the number of units sold, with each finder's warrant having the same terms as the unit warrants.

About Tier One Silver Inc.

Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru. The company's management and technical teams have a strong record in raising capital, discovery and monetization of exploration success.

We seek Safe Harbor.