Mr. Mark Ayranto reports

SILVERCO MINING ANNOUNCES APPOINTMENT OF DR. JESUS VELADOR AS VICE PRESIDENT, EXPLORATION

Silverco Mining Ltd. has appointed Dr. Jesus Velador as vice-president, exploration, effective Sept. 1, 2026.

Mark Ayranto, chief executive officer of Silverco, commented:

"We're excited to further strengthen our executive leadership team with the addition of Dr. Jesus Velador, a highly experienced exploration geologist specializing in epithermal systems in Mexico. Dr. Velador's appointment as vice-president, exploration, reflects our continued commitment to building a best-in-class team and reinforces our excitement about the growth potential at both Cusi and La Negra."

Dr. Velador holds a doctorate from New Mexico Institute of Mining and Technology in epithermal deposits and has over 25 years of experience in near mine, brownfields and greenfields exploration in various hydrothermal deposit types and regions. He has played a key role in the discovery or expansion of numerous notable projects in Mexico, including Panuco, La Pitarrilla, Juanicipio (discovery of Valdecanas vein) and Santa Elena (discovery of Ermitano deposit). Most recently he was chief geologist and vice-president of exploration at Vizsla Silver Corp., where he was instrumental in developing and leading the exploration strategy that more than tripled Panuco's total silver equivalent resources over three years. Prior to his success at Vizsla, Dr. Velador also served as vice-president, exploration, at Outcrop Silver and Gold Corp., corporate manager brownfields exploration for Fortuna Silver Mines Inc., exploration director for First Majestic Silver Corp., and as a senior and project geologist for a number of companies including Industrias Penoles SAB de C.V., Silver Standard Resources Inc. (now SSR Mining Inc.), Fresnillo PLC and Hochschild Mining PLC. Dr. Velador started his career prospecting and mapping various types of hydrothermal deposits in the Mexican Altiplano and the Sierra Madre occidental, the host of Silverco's Cusi project, and also led exploration programs in skarn and carbonate replacement deposit (CRD) districts in Mexico, similar to the host system of Silverco's La Negra mine. In addition to his extensive work in Mexico he has also led programs in Argentina, Colombia and Peru.

Dr. Velador is currently a director at Corcel Exploration Inc. and a technical adviser at Pacifica Silver Corp.

About Silverco Mining Ltd.

Silverco Mining is a Canadian silver producer focused on building a leading multiasset silver portfolio in Mexico. The company owns 100 per cent of the producing La Negra mine in Queretaro and the past-producing Cusi silver complex in Chihuahua, two established underground mining operations with significant infrastructure, exploration upside and district-scale land positions. The company is restarting Cusi in H2 2026, positioning Silverco to become a significant primary silver producer in the Americas in the near term.

Led by an experienced management team with a proven record in mine development, operations and capital markets, Silverco is focused on creating long-term shareholder value through disciplined growth and responsible mining practices, with a goal of becoming a 10-million-ounce-per-year silver equivalent producer within three years. Silverco's common shares trade on the TSX Venture Exchange under the symbol SICO and on the OTCQB under the symbol SICOF.

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