Mr. Thomas Larsen reports

SECOND-PHASE DIAMOND DRILLING COMMENCES AT CARTIER SILVER'S HIGH-GRADE SILVER (LEAD AND ZINC) CHORRILLOS PROJECT, SOUTHERN BOLIVIA

Cartier Silver Corp. has commenced a second-phase diamond drilling campaign at its Chorrillos high-grade silver-lead-zinc project. The 5,000-metre program will comprise approximately 12 drill holes and will be followed by a structured underground dewatering and rehabilitation program at the previously active Mina Central underground mine.

Tom Larsen, chief executive officer of Cartier Silver, commented: "We are pleased to commence the second-phase drilling program comprising 5,000 metres across 12 drill holes at the Chorrillos project. The drilling campaign will be followed by an underground dewatering and rehabilitation program at Mina Central. The program is designed to expand known mineralization within the existing high-grade silver vein system, some of which has been mined since the colonial era, and identify new mineralized structures at the Mina Central, Quimbalete, Hoyada and Felicidad zones."

Mr. Larsen continued: "The dewatering and rehabilitation program at the former Mina Central underground mine that represents another significant milestone in advancing the Chorrillos project is expected to commence in late August or early September. Following the successful resolution of the recent road blockades through agreements reached between the Bolivian government and labour unions, transportation routes have reopened, allowing the uninterrupted delivery of essential supplies, including diesel fuel, enabling us to proceed with our planned exploration activities."

Details of the drilling campaign are presented in the table, including location co-ordinates, depths and specific targets for each drill hole.

Cartier Silver makes additional $700,000 (U.S.) option payment for the Chorrillos high-grade silver (zinc and lead) project, Potosi department, Bolivia

The company is pleased to report that, through its Bolivian subsidiary, Minera Cartier Bolivia SRL, it made an additional $700,000 (U.S.) option payment and has acquired 70 per cent of the capital quotas of Empresa Minera Segovia SRL and Empresa Minera Gonalbert SRL, who are the title holders of the Chorrillos project.

The acquisition was completed pursuant to the amended definitive acquisition agreement entered into between Cartier Bolivia and the vendors whereby Cartier Bolivia completed staged payments aggregating $1.5-million (U.S.) as consideration for 70 per cent of the vendors' capital quotas. As per the agreement, Cartier Bolivia can acquire 100 per cent of the vendors' capital quotas for aggregate consideration of $4.5-million (U.S.), to be paid in staged payments on or before June 12, 2028.

Bolivia pursuing economic reactivation following recent political disruptions

Bolivia is entering a new phase of economic reactivation, driven by measures aimed at promoting investment, restoring economic growth and bolstering private sector participation. In recent months, the government has implemented initiatives designed to create a more favourable environment for investment, with a particular focus on sectors such as mining and energy. International financial institutions, including the International Monetary Fund, Inter-American Development Bank, and Development Bank of Latin America and the Caribbean, have also expressed support for Bolivia's economic stabilization and recovery efforts through programs designed to promote sustainable growth and private investment. Against this backdrop, Bolivia is seeking to foster a more attractive investment climate, creating opportunities for the advancement of new projects and the development of long-term partnerships with domestic and international investors.

Qualified person

Dr. Osvaldo Arce, PGeo, general manager of Cartier Silver's Bolivian subsidiary, Minera Cartier Bolivia, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release. Dr. Arce, who has more than 35 years of mineral exploration and extensive mining expertise across several countries in North and South America, manages the overall technical program and supervises all fieldwork conducted at Chorrillos project.

Cartier Silver utilized both ALS and AHK for drill core analyses, both of which are major international accredited laboratories. Drill samples sent to ALS were prepared in both ALS Bolivia Ltda.'s preparation facility in Oruro, Bolivia, and the preparation facility operated by AHK in Tupiza with pulps sent to the main ALS Global laboratory in Lima for analysis. Drill core samples sent to AHK Laboratories are also prepared by AHK in Tupiza with pulps sent to the AHK laboratory in Lima, Peru.

Silver, zinc and lead are analyzed by inductively coupled plasma atomic emission spectroscopy using a four-acid digestion; tin is analyzed by X-ray fluorescence, and gold is analyzed by fire assay on 50-gram pulps with an atomic absorption spectroscopy finish. AAS measures absorbed light to quantify elements while ICP, such as ICP-OES or ICP-MS, measures emitted light or ions to determine elements. XRF uses fluorescent X-rays to excite atoms and to emit X-rays that reveal the presence and concentration of tin. Sample size in ICP typically ranges from 100 milligrams (0.1 gram) to one gram, for AAS, is usually fewer than 100 mg (0.1 g) and, for XRF, is ideally below 75 micrometres.

Check samples between ALS and AHK are regularly done as a quality assurance/quality control check. AHK is following the same analytical protocols used as with ALS and with the same QA/QC protocols except for Sn, for which a sodium peroxide fusion is used at AHK following by ICP. Check comparisons of Sn results from ALS and ALS indicate no statistically significant difference between results using the two different analytical techniques.

Cartier employs an industry standard QA/QC program with standards, blanks and duplicates inserted into each batch of samples analyzed at both laboratories with selected check samples sent to a separate accredited laboratory. Check results are regularly monitored.

About Cartier Silver Corp.

Cartier Silver is an exploration and development company focused on discovering and developing its silver property assets, including the Chorrillos project and claims staked by the company's subsidiary, all of which are located in the Potosi department of southern Bolivia. The company also holds significant iron ore resources at its Gagnon holdings in the southern Labrador Trough region of east-central Quebec, and the Big Easy gold property in the Burin peninsula epithermal gold belt in the Avalon zone of eastern Newfoundland and Labrador.

We seek Safe Harbor.