Mr. Mark Ayranto reports

SILVERCO ANNOUNCES $40 MILLION "BOUGHT DEAL" OFFERING

Silverco Mining Ltd. has entered into an agreement with Velocity Capital Partners, as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 3.2 million common shares of the company at a price of $12.50 per offered share for aggregate gross proceeds to the company of $40-million.

The offered shares will be offered in each of the provinces and territories of Canada (other than Quebec) in reliance on the listed issuer financing exemption from the prospectus requirements available under National Instrument 45-106, Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The offered shares may also be offered on a private placement basis in such offshore jurisdictions may be mutually agreed between the company and Velocity, provided it is understood that no prospectus filing or comparable obligation, continuing reporting or continuous disclosure requirement, or requisite regulatory or governmental approval arises in such jurisdictions, and the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended. Any such offered shares will be characterized as restricted securities under the U.S. Securities Act.

In addition, the company has granted the underwriters an option to purchase for resale up to an additional 480,000 offered shares under the listed issuer financing exemption at the issue price for additional gross proceeds of up to $6-million, on the same terms and conditions as set out herein, exercisable in whole or in part at any time up to 48 hours prior to the closing date.

The net proceeds of the offering will be used by the company for exploration, evaluation and restart work on the Cusi project, general and administrative expenditures, and working capital.

The offered shares to be issued pursuant to the listed issuer financing exemption 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 on SEDAR+ under Silverco's issuer profile and on the company's website. Prospective investors should read this offering document before making an investment decision concerning the offered shares.

The offering is expected to close on or about Feb. 19, 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 TSX Venture Exchange and the applicable securities regulatory authorities. The offering is subject to final acceptance of the TSX-V.

About Silverco Mining Ltd.

The company owns a 100-per-cent interest in the 11,665-hectare Cusi project, located in Chihuahua state, Mexico. It lies within the prolific Sierra Madre Occidental gold-silver belt.

There is an existing 1,200-ton-per-day mill with tailings capacity at the Cusi property.

The Cusi property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi property boasts excellent infrastructure, including paved highway access and connection to the national power grid.

The Cusi property hosts multiple historical silver-gold-lead-zinc-producing (Ag-Au-Pb-Zn) mines, each developed along multiple vein structures. The Cusi property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation.

We seek Safe Harbor.