Mr. Mark Ayranto reports

SILVERCO ANNOUNCES UPSIZING OF "BOUGHT DEAL" OFFERING TO $62.5 MILLION

Silverco Mining Ltd. has upsized its previously announced bought deal offering with Velocity Capital Partners, as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters, from $40-million to $62.5-million.

Eric Sprott, a current insider of Silverco, will be participating in the offering with a lead order of $10-million.

Pursuant to the upsizing, the underwriters have agreed to purchase for resale, on a bought deal basis, four million common shares of the company at a price of $12.50 per offered share, for aggregate gross proceeds to the company of $50-million.

In addition, the offering will also include the issuance of one million units of the company at the issue price per unit, for additional aggregate gross proceeds to the company of $12.5-million.

Each unit will consist of one common share of the company and one-quarter of one warrant, with each whole warrant being exercisable for one common share of the company at an exercise price of $18 per share for a period of 18 months from the date of issuance.

The offered securities will be offered in each of the provinces and territories of Canada (other than Quebec) as to: (i) the offered shares 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); and (ii) the units in reliance on other exemptions from the prospectus requirements available under NI 45-106 other than the listed issuer financing exemption.

The offered securities may also be offered on a private placement basis in such offshore jurisdictions as 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 in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended. Any such offered securities will be characterized as restricted securities under the U.S. Securities Act.

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. The units and any underlying securities to be issued pursuant to the private placement exemption will be subject to a hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws.

There is an amended and restated 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 amended and restated offering document before making an investment decision concerning the offered securities.

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 mines, each developed along multiple vein structures. The Cusi property hosts several significant exploration targets, including the extension of a newly identified down-thrown mineralized geological block and additional potential through claim consolidation.

We seek Safe Harbor.