Mr. David Stein reports

KUYA SILVER ANNOUNCES LOI FOR US$5 MILLION ROYALTY PARTNERSHIP WITH SILVER CROWN ROYALTIES INC.

Kuya Silver Corp. has signed a letter of intent (LOI) with Silver Crown Royalties Inc. to raise $5-million (U.S.) through the sale of a royalty on payable silver from Kuya's Bethania silver project in Huancavelica, central Peru.

Under the LOI, in return for payment of $5-million (U.S.), consisting of $3-million (U.S.) in cash and $2-million (U.S.) in Silver Crown units, Silver Crown will acquire a 4.5-per-cent royalty on silver production from the Bethania project until a total of 475,000 ounces have been delivered, after which the royalty reduces to 1 per cent for the life-of-mine. The $2-million (U.S.) in Silver Crown units are expected to be priced at $6.50 per unit and includes one common share and one-half of a common share purchase warrant exercisable at $13.00 for three years. Note that the royalty only applies to silver production and the transaction will not apply any byproduct sales.

Minimum deliveries have been structured to reduce any potential financial stress during the first year of the ramp-up. Kuya will deliver to SCRi a minimum 4,500 ounces of silver quarterly for the first four quarters, 9,000 ounces per quarter for quarters five through eight, and 12,375 ounces quarterly for each subsequent quarter until 475,000 ounces have been delivered. After delivering 475,000 ounces, the royalty reduces to 1 per cent for the mine's remaining life.

David Stein, Kuya's president and chief executive officer, remarked: "We're pleased to partner with Silver Crown through this royalty agreement on Bethania production, while also securing a meaningful stake in a unique silver-focused vehicle -- the only publicly traded royalty company with 100-per-cent silver exposure. The funds raised from this transaction will help accelerate Bethania production towards our phase 1 target of 350 tonnes per day, as well as support exploration programs throughout this district-scale property -- all without issuing any new Kuya Silver shares. As strong believers in the long-term upside of silver, this partnership gives Kuya Silver shareholders added exposure to both rising silver prices and the potential reratings in both companies."

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.

We seek Safe Harbor.