Mr. Steve Cope reports

SILVER VIPER CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

Silver Viper Minerals Corp. has closed the final tranche of its non-brokered private placement, announced on Nov. 18, 2025. The final tranche comprised 3,433,750 units of the company, issued at a price of 80 cents per unit, for aggregate gross proceeds of $2,747,000. In total, the company raised $17-million pursuant to the offering, having previously closed the first tranche on Dec. 12, 2025, which raised an aggregate of $14,253,000.

Each unit consisted of one common share of the company and one warrant. Each warrant entitles the holder thereof to acquire one share from the company at a price of $1.20 per share for a period of 24 months from the date of issue. The shares and warrants comprising the units and any shares issued upon the exercise of the warrants are subject to a statutory hold period that expires on April 20, 2026. The expiry date of the warrants may be accelerated by the company at any time following closing and prior to the expiry date of the warrants if the volume-weighted average trading price of the Company's common shares is greater than $1.40 for any 20 consecutive trading days. Following the occurrence of an acceleration event, the company may accelerate the expiry date of the warrants by issuing a news release announcing the acceleration of the expiry date of the warrants, following which the warrants will expire on a date not less than the 20th calendar day after the date of such news release.

The funds will be used to continue surface exploration, including mapping and sampling, in preparation for a future drill campaign at the company's La Virginia gold-silver project, located in Mexico. In addition, a portion of the funds raised will be used for working capital requirements and other general corporate purposes.

The company has agreed to pay finders' fees to certain finders in respect of those purchasers under the offering introduced to the company by such finders. In connection with the closing of the final tranche, Silver Viper will pay finders' fees of $3,000 to Research Capital Corp. and $1,800 to Ventum Financial Corp. In total, the company will pay $594,150 in finders' fees in connection with the offering, having previously closed a tranche on Dec. 12, 2025, which resulted in payment of $589,350 in finders' fees.

Insiders of the company subscribed for a total of 250,000 units. Participation by the insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the private placement by insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

Coneto silver-gold project update

Further to the company's news release dated Oct. 28, 2025, the company is working toward completion of its acquisition of 100-per-cent ownership of the Coneto silver-gold project, located in Durango, Mexico, from Fresnillo PLC and Orex Minerals Inc. The acquisition remains subject to the parties completing definitive documentation and receipt of the requisite regulatory approvals, including that of the TSX Venture Exchange.

About Silver Viper Minerals Corp.

Silver Viper Minerals is a Canadian-based junior mineral exploration company focused on advancing precious metals projects in Mexico. The company's portfolio includes the La Virginia gold-silver project in Sonora, the Cimarron gold-copper project in Sinaloa and the recently announced Coneto silver-gold project acquisition, collectively representing a strong pipeline of district-scale exploration opportunities within Mexico's prolific silver belt.

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