Mr. Glen Watson reports

MAVERICK GOLD AND SILVER ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$554,000

Maverick Gold and Silver Corp. has closed the first tranche of its non-brokered private placement, previously announced on Oct. 8, 2026, issuing 11.08 million units of the company at a price of five cents per unit for gross proceeds of $554,000 under the first tranche.

The company intends to use the net proceeds of the offering for working capital requirements and general corporate purposes. The units were offered to purchasers in reliance on available prospectus exemptions under applicable Canadian securities laws.

Offering terms

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at a price of 10 cents until Oct. 16, 2028, provided, however, that if, at any time prior to the expiry of the warrants, the closing price of the common shares on the Canadian Securities Exchange equals or exceeds 15 cents per common share for a period of 10 consecutive trading days, the company may, at its option, accelerate the expiry date of the warrants by giving written notice to the holders thereof, and in such case, the warrants will expire on the 30th day after the date on which such notice is given by the company. All securities issued in connection with the first tranche are subject to a statutory hold period expiring Feb. 17, 2027, in accordance with applicable securities legislation.

In connection with the first tranche, the company paid finders' fees totalling $22,000 in cash and issued an aggregate of 440,000 non-transferable warrants to certain eligible finders. Each finder's warrant entitles the holder thereof to purchase one common share at a price of 10 cents until Oct. 16, 2028.

The company anticipates closing one or more subsequent tranches of the offering.

About Maverick Gold and Silver Corp.

Maverick Gold is an exploration-stage company advancing a portfolio of gold, silver and copper properties in Nevada and British Columbia. The company is focused on advancing its exploration projects through systematic exploration and drilling.

We seek Safe Harbor.