Mr. John Miniotis reports

ABRASILVER ANNOUNCES C$45 MILLION "BOUGHT DEAL" PUBLIC OFFERING OF COMMON SHARES

Abrasilver Resource Corp. has entered into an agreement with National Bank Financial Inc., Beacon Securities Ltd. and Raymond James Ltd., acting as co-bookrunners, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 3,062,000 common shares of the company at a price of $14.70 per common share, for aggregate gross proceeds of $45,011,400. The underwriters will have an option to purchase up to an additional 339,000 common shares at the issue price, exercisable in whole or in part, at any time until 30 days after the closing of the offering for additional gross proceeds of $4,983,300 to cover overallotments, if any, and for market stabilization purposes.

The net proceeds of the offering will be used to finance the advancement of the 100-per-cent-owned Diablillos silver-gold project in the Salta province of Argentina, including early works and long-lead-time equipment procurement, and for general corporate purposes, as to be further described in the prospectus supplement (as defined herein).

The closing date of the offering is expected to occur on or about July 29, 2026, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the Toronto Stock Exchange.

The common shares will be offered: (i) publicly in all provinces and territories of Canada, except Quebec, by way of a prospectus supplement to the company's short form base shelf prospectus dated Dec. 16, 2025; (ii) on a private placement basis in the United States to qualified institutional buyers using Rule 144A or such other exemption as not to require registration; and (iii) in accordance with applicable securities laws, any other jurisdictions that would not require the filing of a prospectus, registration statement, offering memorandum or similar document, and would not result in the company having any reporting or other obligation in such jurisdiction.

Access to the prospectus supplement, the base shelf prospectus and any amendment to such documents is provided in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The base shelf prospectus is, and the prospectus supplement will be (within two business days from the date hereof), accessible on SEDAR+. An electronic or paper copy of the prospectus supplement, base shelf prospectus and any amendment to such documents may be obtained, without charge, from National Bank Financial Inc., by phone at 416-869-8414 or by e-mail at NBF-Syndication@bnc.ca by providing the contact with an e-mail address or address, as applicable.

About Abrasilver Resource Corp.

Abrasilver is a leading silver-gold development company focused on advancing its 100-per-cent-owned Diablillos project in the mining-friendly provinces of Salta and Catamarca, Argentina. The recently completed definitive feasibility study highlights Diablillos as a robust, high-margin, long-life precious metals project with significant production potential and substantial exploration upside. In addition, the company has entered into an earn-in option and joint venture agreement with Teck on the La Coipita project, located in the San Juan province of Argentina. Abrasilver is listed on the Toronto Stock Exchange under the symbol ABRA and in the United States on the OTCQX under the symbol ABBRF.

We seek Safe Harbor.