Mr. Eric Sprott, a shareholder, reports

ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN SILVER47 EXPLORATION CORP.

On Dec. 29, 2025, 847,500 common share purchase warrants of Silver47 Exploration Corp., held by 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, expired unexercised, representing a decrease in holdings of approximately 3.0 per cent of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to such expiry, Mr. Sprott beneficially owned and controlled 15,883,434 shares and 2,275,500 warrants, representing approximately 9.2 per cent of the outstanding shares on a non-diluted basis and approximately 10.4 per cent on a partially diluted basis assuming the exercise of such warrants.

As a result of the expiry of the warrants, Mr. Sprott now beneficially owns 15,883,434 shares, representing approximately 9.2 per cent of the outstanding shares on a non-diluted basis, and 1,428,000 warrants, representing approximately 9.9 per cent on a partially diluted basis assuming the exercise of such warrants. The warrant expiry, combined with previous new share issuances by Silver47 Exploration, resulted in an ownership decrease, on a partially diluted basis, of approximately 3.0 per cent since the date of the last filing of an early warning report and brings total holdings to under 10 per cent on a partially diluted basis. As a result, Mr. Sprott and 2176423 Ontario ceased to be insiders of Silver47 Exploration.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities, including on the open market or through private acquisitions, or sell the securities, including on the open market or through private dispositions, in the future, depending on market conditions, reformulation of plans and/or other relevant factors.

Silver47 Exploration's address is Suite 918, 1030 West Georgia St., Vancouver, B.C., V6E 2Y3. A copy of the early warning report with respect to the foregoing will appear on Silver47 Exploration's profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario, 7 King St. E, Suite 1106, Toronto, Ont., M5C 3C5).