File: '\\swfile\EmailIn\20260604 131026 Attachment Frank Callaghan - Press Release - Early Warning Report June 4 2026.docx'

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AC/14574058.2

AC/14574058.2

EARLY WARNING NEWS RELEASE ISSUED REGARDING

THE SECURITIES OF BLENDE SILVER CORP.

Vancouver, British Columbia - June 4, 2026 - This news release is related to the common shares of Blende Silver Corp. (TSX-V: BAG) (the "Issuer"). J. Frank Callaghan announces that during the period commencing on May 29, 2026 to and including June 3, 2026, he disposed of an aggregate 1,170,500 common shares of the Issuer through the facilities of the TSX Venture Exchange at prices ranging from $0.25 to $0.28.5 per share for total gross sale proceeds of $316,156.15 (before deduction of commission). On June 3, 2026, Mr. Callaghan exercised share purchase warrants to acquire 2,000,000 common shares of the Issuer at a price of $0.10 per share for a total purchase price of $200,000.

J. Frank Callaghan is a Canadian having an address at 1100 - 1111 Melville Street, Vancouver, BC V6E 3V6. Prior to the afore-mentioned disposition and acquisition of the Issuer's common shares, Mr. Callaghan owned 19,572,243 common shares, which then represented 23.08% of the Issuer's issued and outstanding common shares on a non-diluted basis, and 22.29% on a partially-diluted basis. As a result of the disposition and acquisition of the Issuer's common shares, Mr. Callaghan currently owns 20,401,743 common shares, which, as of June 3, 2026, represents 23.50% of the Issuer's issued and outstanding shares on a non-diluted basis, and 23.24% on a partially-diluted basis. Mr. Callaghan also holds stock options to purchase 1,000,000 common shares of the Issuer at a price of $0.12 per share exercisable until March 9, 2031.

The requirement to file this report was triggered because, as of June 3, 2026, the number of common shares of the Issuer acquired by Mr. Callaghan on exercise of his share purchase warrants is equal to 2.27% of the Issuer's issued and outstanding common shares, on a partially-diluted basis.

Mr. Callaghan presently holds common shares of the Issuer for investment purposes. In the future, he may directly or indirectly acquire additional common shares or dispose of common shares subject to a number of factors, including general market and economic conditions and other investment and business opportunities available.

This press release is being issued as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and relates to the Issuer, the head office of which is located at 1100 - 1111 Melville Street, Vancouver, BC V6E 3V6.

A copy of the early warning report filed in connection with the matters set forth above may be obtained under the Issuer's SEDAR+ profile at www.sedarplus.ca and may also be obtained by contacting the Issuer at 604-669-6463.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor have they approved nor disapproved the content thereof.

Not for U.S. Distribution.

File: Attachment Frank Callaghan - Press Release - Early Warning Report June 4 2026.pdf

EARLY WARNING NEWS RELEASE ISSUED REGARDING THE SECURITIES OF BLENDE SILVER CORP.

Vancouver, British Columbia June 4, 2026 This news release is related to the common shares of Blende Silver Corp. (TSX-V: BAG) (the "Issuer"). J. Frank Callaghan announces that during the period commencing on May 29, 2026 to and including June 3, 2026, he disposed of an aggregate 1,170,500 common shares of the Issuer through the facilities of the TSX Venture Exchange at prices ranging from $0.25 to $0.28.5 per share for total gross sale proceeds of $316,156.15 (before deduction of commission). On June 3, 2026, Mr. Callaghan exercised share purchase warrants to acquire 2,000,000 common shares of the Issuer at a price of $0.10 per share for a total purchase price of $200,000.

J. Frank Callaghan is a Canadian having an address at 1100 1111 Melville Street, Vancouver, BC V6E 3V6. Prior to the afore-mentioned disposition and acquisition of the Issuer's common shares, Mr. Callaghan owned 19,572,243 common shares, which then represented 23.08% of the Issuer's issued and outstanding common shares on a non-diluted basis, and 22.29% on a partially-diluted basis. As a result of the disposition and acquisition of the Issuer's common shares, Mr. Callaghan currently owns 20,401,743 common shares, which, as of June 3, 2026, represents 23.50% of the Issuer's issued and outstanding shares on a non-diluted basis, and 23.24% on a partially-diluted basis. Mr. Callaghan also holds stock options to purchase 1,000,000 common shares of the Issuer at a price of $0.12 per share exercisable until March 9, 2031.

The requirement to file this report was triggered because, as of June 3, 2026, the number of common shares of the Issuer acquired by Mr. Callaghan on exercise of his share purchase warrants is equal to 2.27% of the Issuer's issued and outstanding common shares, on a partially-diluted basis.

Mr. Callaghan presently holds common shares of the Issuer for investment purposes. In the future, he may directly or indirectly acquire additional common shares or dispose of common shares subject to a number of factors, including general market and economic conditions and other investment and business opportunities available.

This press release is being issued as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and relates to the Issuer, the head office of which is located at 1100 1111 Melville Street, Vancouver, BC V6E 3V6.

A copy of the early warning report filed in connection with the matters set forth above may be obtained under the Issuer's SEDAR+ profile at www.sedarplus.ca and may also be obtained by contacting the Issuer at 604-669-6463.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor have they approved nor disapproved the content thereof.

Not for U.S. Distribution.

AC/14574058.2