Mr. David Stein reports

KUYA SILVER ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Kuya Silver Corp. has closed the first tranche in its non-brokered private placement by issuing 3,815,000 common shares in the capital of the company at 25 cents per common share for gross proceeds of $953,750. The first tranche had one insider subscribe, David Stein, president, chief executive officer and a director, which is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves the interested party, will not exceed 25 per cent of the company's market capitalization. The company intends to use the net proceeds from the offering for general working capital. All securities issued under the first tranche, will be subject to a hold period expiring July 15, 2025, in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws, except for those issued to investors in foreign jurisdictions. In connection with the first tranche, the company paid $35,500 in finders' fees to certain eligible finders.

About Kuya Silver Corp.

Kuya Silver is a Canadian-based, growth-oriented mining company with a focus on silver. Kuya Silver operates the Bethania silver mine in Peru, while developing district-scale silver projects in mining-friendly jurisdictions, including Peru and Canada.

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