Mr. Frederick Davidson reports

IMPACT SILVER ANNOUNCES GRANT OF STOCK OPTIONS

Impact Silver Corp. has granted to directors, officers, consultants and employees of the company stock options to purchase a total of 4.8 million common shares at a price of 41 cents per common share. The options are exercisable for a period of five years and have been granted in accordance with the terms of the company's omnibus equity compensation plan, approved by the company's shareholders on Aug. 1, 2025, and by the TSX Venture Exchange.

The options granted to directors, officers and consultants are subject to a four-month hold period in accordance with TSX-V policy.

About Impact Silver Corp.

Impact Silver is a successful producer-explorer with two mining projects in Mexico:

• Royal Mines of Zacualpan silver-gold district: Impact owns 100 per cent of the 211-square-kilometre Zacualpan project in central Mexico, where four producing underground silver mines and one open-pit mine feed the central 500-tonne-per-day Guadalupe processing plant. To the south, the Capire project includes a 200-tonne-per-day processing pilot plant adjacent to an open-pit silver mine with a National Instrument 43-101 inferred mineral resource of over 4.5 million ounces silver, 48 million pounds zinc and 21 million pounds lead in 1,786,000 tonnes grading 79 grams per tonne silver, 1.22 per cent zinc and 0.54 per cent lead (see Impact news release dated Jan. 18, 2016, for details and qualified person statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 19 years, Impact has developed multiple exploration zones into commercial production and has produced over 13.7 million ounces of silver, generating revenue of more than $307-million, with no long-term debt.
• Plomosas zinc-lead-silver district: Plomosas is a high-grade zinc producer in northern Mexico with exploration upside potential. The company recently restarted mining operations and is ramping up production. Exploration potential at Plomosas is exceptional along the six-kilometre-long structure. This is in addition to other exploration targets on the 3,019-hectare property, including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

George Gorzynski, PEng, a director of the company, is a qualified person within the meaning of NI 43-101 and has approved the technical information contained in this news release.

We seek Safe Harbor.