Mr. Colin Smith reports

FIRST ANDES SILVER INCREASES PRIVATE PLACEMENT TO $1,350,000 CAD

First Andes Silver Ltd. has increased its previously announced non-brokered private placement financing from 10 million units at a price of 10 cents per unit for gross proceeds of $1-million to 13.5 million units at 10 cents per unit for gross proceeds of up to $1.35-million.

Each unit will continue to consist of one common share of the company and one-half of one share purchase warrant. Each warrant will be exercisable at 15 cents per share for a period of two years from the date of issue.

The securities issued under the offering will be subject to restrictions on resale for a period of four months from the date of issue. The company may pay finders a fee in cash and/or share purchase warrants to registered finders.

The proceeds of the offering will be used to expand on its current drill program at the Santas Gloria silver property and for general working capital purposes.

About First Andes Silver Ltd.

First Andes is a British Columbia company that holds a 100-per-cent interest in the high-grade Santas Gloria silver property, located in a major mining district 55 kilometres east of Lima, Peru. Santas Gloria has excellent established road access, is situated within a well-known intermediate sulphidation epithermal belt, and hosts over 12 km of multiphase veins mapped at surface, which had never been historically drilled or explored by modern techniques before 2024. First Andes's maiden diamond drill program last year reported high-grade silver on all drilled vein systems confirming silver endowment and warranting high priority follow-up drilling in 2025.

We seek Safe Harbor.