Mr. Tim Shearcroft reports

BP SILVER OUTLINES 2026 WORK PROGRAM AT COSUÑO

BP Silver Corp. has outlined its 2026 exploration work program at its Cosuno silver project (Cosuno) in Bolivia. Geochemical sampling, geological mapping and road construction activities commenced in March, 2026, and are continuing across multiple target areas within the large property package. These, and other programs outlined below, are necessary to launch a phase 2 drill program later this year.

"Following the successful completion of our upsized $10-million financing and highly successful phase 1 drill program, we are advancing Cosuno through an aggressive 2026 exploration campaign. We believe Cosuno has the potential to become a Tier 1 silver project," stated Tim Shearcroft, founder and chief executive officer. "MAG survey equipment is currently being mobilized and logistics are being finalized ahead of the survey commencement. In addition, a drilling contractor has already been secured and will be ready to commence the phase 2 drill program following completion of the MAG survey and review of all other data collected. With multiple high-priority targets advancing simultaneously, we look forward to providing shareholders with exploration updates in the near future."

Cosuno 2026 work program

The 2026 work program consists of the following key components:

1. Construction of access roads to all principal Cosuno targets;
2. Systematic channel sampling of the principal vein and breccia structures exposed across the property;
3. Completion of a property-wide airborne magnetic (MAG) survey;
4. A phase 2 drilling program designed to follow up on the success of the phase 1 campaign (see news releases dated Feb. 2 and Feb. 27, 2026). The phase 2 program is budgeted for approximately 2,000 metres of drilling and will focus on:
   1. Testing extensions of high-grade silver intercepts encountered in DH CO-0008 and CO-0009 at Pocanita Chica (see Feb. 27, 2026, news release for full details).
      1. CO-0008 return 38 m at 116.39 grams per tonne Ag:
         1. Including five m at 660.40 g/t Ag;
         2. Including one m at 1,655.00 g/t Ag.
      2. CO-0009 return 58 m at 46.23 g/t Ag:
         1. Including six m at 147.10 g/t Ag;
         2. Including one m at 526.00 g/t Ag.
   2. Initial testing of newly discovered targets by drilling shallow holes ranging from 50 to 100 metres in length. The 1,000-metre-long vein recently discovered at Jalsuri North East is anticipated to be one of these targets.
5. An induced polarization (IP) geophysical survey over the principal Cosuno targets;
6. Completion of a phase 3 drilling program. The phase 3 program will benefit from the integration of geological mapping, channel sampling, MAG and IP geophysical surveys, and prior drilling results. Together, these data sets are expected to improve significantly the company's understanding of the geometry, continuity, scale, and tenor of the vein and breccia systems across Cosuno.

Analyst coverage

BP Silver has engaged the services of Atrium Research Corp., a leading company sponsored research firm. Atrium will publish various research reports on BP Silver based on publicly available information, industry data and discussions with management. Atrium will also host two recorded interviews with BP Silver's management team to present the investment case in an interview format. In exchange for its research services, Atrium will receive cash compensation in the amount of $51,300 for the services listed above. The services will be provided for 18 months beginning on June 1, 2026. At the end of the 18-month period, the agreement will be deemed to remain in place and be extended on an annual basis at the same pricing, unless otherwise agreed to by the parties or the agreement is terminated by either party. This engagement is subject to TSX-V approval.

Atrium and the company are arm's-length parties, and neither Atrium nor its insiders hold any shares or options to purchase shares in the issued and outstanding capital of the company.

Qualified person

The technical information contained in this news release has been reviewed and approved by Dr. Stewart D. Redwood, PhD, FIMMM, a director of the company and a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. As Dr. Redwood is a director of the company, he is not independent under National Instrument 43-101.

About BP Silver Corp.

BP Silver is a Canadian exploration company focused on advancing high-grade silver projects in Bolivia. The company's flagship asset, the Cosuno project, is strategically located in the prolific Bolivian silver belt, a region with a rich mining history and significant untapped discovery potential. With a strong technical team and a disciplined exploration strategy, BP Silver is positioned to unlock value for its shareholders through the discovery and development of major silver deposits.

We seek Safe Harbor.