Mr. David Stein reports

KUYA ANNOUNCES BROKERED PRIVATE PLACEMENT PURSUANT TO THE LISTED ISSUER FINANCING EXEMPTION UP TO $15 MILLION

Kuya Silver Corp. has arranged a best efforts brokered private placement, co-led by A.G.P. Canada Investments ULC and Integrity Capital Group Inc., for the issuance of up to 15 million units of the company at a price of $1 per unit for aggregate gross proceeds of up to $15-million. The offering is being completed pursuant to National Instrument 45-106, Prospectus Exemptions, set forth in Part 5A thereof, as amended by the Canadian Securities Administrators' Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, except Quebec, and such other jurisdictions outside of Canada in compliance with applicable securities laws of those jurisdictions. There is a Form 45-106F19 offering document related to the offering that can be accessed under Kuya Silver's issuer profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at an exercise price of $1.30 per common share for a period of 36 months from the date of issuance. The units issued in the offering pursuant to the LIFE will not be subject to any statutory hold period under applicable Canadian securities laws.

The company intends to use the net proceeds of the offering and other available funds for general corporate and working capital purposes, to advance the company's Bethania project in Peru with the acquisition of and/or development of concentrate processing capacity (which may include, at the company's discretion, the acquisition of processing operations or equipment that may be located outside of the immediate Bethania project area), to continue to explore the Silver Kings project in Ontario, and for discretionary growth capital, as more specifically detailed in the offering document.

The offering may close in multiple tranches, with the first tranche closing expected to occur on or before Jan. 22, 2026, and the final closing to occur within 45 days of the date hereof. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

David Stein, Kuya Silver's president and chief executive officer, commented: "Given the stronger market conditions, Kuya Silver is in a unique position in the short term to vertically integrate our production capabilities. Our immediate focus is to transition from toll milling to self-processing of silver concentrate, further derisking our production ramp-up and laying the foundation for future production growth. We are evaluating several options, each of which are fully permitted and can provide a seamless transition towards capturing a greater portion of the value chain from our silver production at the Bethania project."

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.