Mr. Andrew Rees reports

BLENDE SILVER ANNOUNCES PRIVATE PLACEMENT FOR PROCEEDS UP TO $2,500,000 FLOW-THROUGH AND NON-FLOW-THROUGH UNITS AVAILABLE

Blende Silver Corp. has arranged a non-brokered private placement of both flow-through and non-flow-through units. The company may issue up to six million flow-through units at a price of 25 cents per unit and up to five million non-flow-through units at a price of 20 cents per unit, for aggregate gross proceeds of up to $2.5-million. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of 30 cents per share for a period of two years from the closing date. All warrants will be non-flow-through securities.

The common shares comprising the flow-through units will be issued as flow-through shares within the meaning of the Income Tax Act (Canada). The gross proceeds from the issuance of the flow-through units will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as such terms are defined in the Income Tax Act (Canada) on the company's Blende property. The company intends to renounce such expenses to the subscribers of the flow-through units with an effective date of no later than Dec. 31, 2026.

The proceeds from the non-flow-through units will be used to advance the Blende property and for general working capital purposes.

The offering is subject to TSX Venture Exchange approval. All securities issued under the offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws. Finders' fees may be payable in connection with the offering, in accordance with the policies of the TSX Venture Exchange. Insiders of the company may participate in the offering.

About Blende Silver Corp.

Blende Silver is a Vancouver-based junior resource company focused on silver-zinc-lead exploration and development at its flagship Blende project in north-central Yukon. The 100-per-cent-owned property hosts a carbonate-hosted Ag-Zn-Pb (silver-zinc-leadd) mineral resource that has been described in published literature as the largest of its type in Yukon (M. Robinson and C.I. Godwin, Economic Geology, 1995). That characterization is based on information available at the date of that publication and has not been independently verified or updated by the company. The property covers 5,345 hectares, is winter road accessible and is located approximately 63 kilometres northeast of Keno Hill, Yukon.

The Blende property lies within the Keno Hill silver district, one of Canada's highest-grade historic silver-producing districts, currently being advanced by Hecla Mining Company. Mineralization at Keno Hill and on other properties near the project is not necessarily indicative of mineralization on the project. The property has undergone more than $9.2-million in past exploration ($5.2-million by Blende Silver), including 25,195 metres of drilling in 132 drill holes. The historical expenditure and drilling figures are derived from historical records that the company has not independently verified, a qualified person has not done sufficient work to verify them, and they should not be relied upon. A review of historical and recent data has identified areas to the west, north and east-southeast of the currently defined zones that the company considers prospective for follow-up exploration.

We seek Safe Harbor.