Mr. Vincent Chen reports

HALCONES PRECIOUS METALS ANNOUNCES WARRANT EXTENSION

Halcones Precious Metals Corp. intends to extend the expiry date of 61,759,638 common share purchase warrants that were issued as part of three of the company's previously completed private placements by an additional 12 months.

A total of 30,481,462 common share purchase warrants (the 2023 warrants), exercisable at 10 cents per Halcones share, were issued as part of a private placement that closed in four tranches (please see the company's press releases dated July 14, 2023, July 19, 2023, July 31, 2023, and Aug. 18, 2023, for more details). The 2023 warrants were originally set to expire three years after their respective dates of issuance. The company is proposing to extend the expiry dates of the 2023 warrants to July 14, 2027, July 19, 2027, July 31, 2027, and Aug. 18, 2027, respectively.

A total of 10.6 million common share purchase warrants (the 2024 warrants) exercisable at 10 cents per Halcones share were issued as part of a private placement in August, 2024 (please see the company's press release dated Aug. 26, 2024, for more details). The 2024 warrants were originally set to expire on Aug. 26, 2027. The company is proposing to extend the expiry date of the 2024 warrants to Aug. 26, 2028.

A total of 20,678,176 common share purchase warrants (the 2025 warrants) exercisable at 10 cents per Halcones share were issued as part of a LIFE and private placement offering (please see the company's press releases dated March 27, 2025, April 10, 2025, and May 2, 2025, for more details). The 2025 warrants were originally set to expire three years after their respective date of issuance. The company is proposing to extend the expiry date of the 2025 warrants to March 27, 2029, April 10, 2029, and May 2, 2029, respectively.

Ian Parkinson, chief executive officer of Halcones, states, "Commencement of drilling at the Polaris project has taken longer than anticipated and we would like to extend the expiry date of our warrants to reflect that and to show appreciation for our investors."

All other terms of the warrants, including the exercise price, will remain unchanged. The completion of the proposed extensions of the terms of the warrants is subject to approval by the TSX Venture Exchange.

About Halcones Precious Metals Corp.

Halcones is focused on exploring for and developing gold-silver projects in Chile. The company has a team with a strong background of exploration success in the region.

We seek Safe Harbor.