Mr. Todd Anthony reports

PACIFICA SILVER ANNOUNCES $10 MILLION BROKERED FINANCING

Pacifica Silver Corp. has entered into an agreement with Raymond James Ltd., as sole bookrunner and lead agent, on behalf of a syndicate of agents, in connection with a brokered private placement offering of 6.9 million common shares of the company at a price of $1.45 per common share for aggregate gross proceeds to the company of up to $10,005,000.

The company has agreed to grant the agents an option, exercisable, in part or in whole, at the agents' sole discretion, up to 48 hours prior to the closing date (as defined below), to offer for sale up to an additional 1,035,000 common shares, which are equal to 15 per cent of the common shares comprising the offering at the offering price.

The net proceeds of the offering will be used to advance exploration and drilling activity at the company's Claudia project, located in Durango, Mexico, and for working capital and general corporate purposes.

The common shares issued under the offering will be issued and sold to eligible purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, will be issued to purchasers in each of the provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States, on a private placement basis, pursuant to available exemptions from the registration requirements under the U.S. Securities Act of 1933, as amended. The common shares to be issued and sold under the offering will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's SEDAR+ issuer profile and on the company's website. Prospective investors should read this offering document before making an investment decision concerning the common shares.

The offering is expected to close on or about Jan. 23, 2026, and is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional listing approval of the Canadian Securities Exchange, and the applicable securities regulatory authorities. The offering is subject to final acceptance of the CSE.

About Pacifica Silver Corp.

Pacifica Silver is a Canadian resource company led by a proven management team with decades of mining and exploration experience in Mexico. The company is focused on its 100-per-cent-owned project located in Durango, Mexico. Spanning 11,876 hectares, the project encompasses most of the historic El Papanton mining district, where at least nine small mines operated throughout the 20th century. Since 1990, sampling and drilling within have returned high-grade silver and gold intercepts across multiple vein systems, with approximately 10 per cent of over 30 kilometres of known veins having been drilled. Today, the project is a prime target for modern exploration and holds exceptional potential for new high-grade discoveries.

We seek Safe Harbor.