Mr. David Coburn reports

MASIVO UPDATE NEWS RELEASE

Masivo Silver Corp. has provided the following update.

Nevada: The company continues to be very bullish on the Boston mine and the surrounding area. It is currently negotiating on several acquisition opportunities that are in very close proximity to the Boston mine and in Elko county. Its qualified person Brian Brewer continues to work on completing assaying of the core of the remaining seve holes, and results are expected in the coming months.

Mexico: Masivo has a $75,000 drill credit in Mexico, and the company expects to start drilling the Cerro Colorado project in Mexico in fourth quarter 2025 as it works with the Minera Goldzone and partners to complete the definitive agreement. All terms have been agreed to, and the company is working diligently with legal to expedite the transaction and start the drill program as soon as possible.

Masivo has targeted an Aug. 15, 2025, closing of its $1.2-million raise at six cents with a one-half warrant at 10 cents, and there is a strong interest at this point with some very strong mining financiers committed. This equity raise will allow Masivo to continue to drill phase 2 at the Boston mine in Nevada, as well complete a phase 1 drill program at the Cerro Colorado project in Sonora, Mexico.

Masivo also announces that it is anticipating a delay in filing its March 31, 2025, annual audited financial statements, its related management's discussion and analysis, and chief executive officer and chief financial officer certifications, which are required to be filed on or before July 29, 2025.

In connection with the anticipated delay, the company has applied to the applicable Canadian securities regulators requesting that a voluntary management cease trade order be imposed to restrict trading in the company's securities by insiders of the company, as opposed to an issuer cease trade order, which would restrict al trading in the company's securities. If granted, the MCTO will be in effect until the required filings are filed or until it is revoked or varied.

The delay in preparing the annual financial statements and annual management's discussion and analysis was due in part to difficulties in obtaining financial information from its Mexican operations. They have since been prepared, and the associated audit work is in progress, but the company is unable to complete and file such materials on time. The company expects the audit to be completed by Aug. 31, 2025.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in sections 43 and 4 of National Policy 12-203 (Management Cease Trade Orders) for so long as it remains in default of the requirement to file the required filings on or before July 29, 2025. The company has not taken any steps toward any insolvency proceeding, and the company has no material information to release to the public. The company has made the foregoing representations in accordance with the requirements of applicable securities laws.

Qualified person

Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, and has approved this news release.

About Masivo Silver Corp.

Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the state of Nevada, United States, and in the state of Sinaloa, Mexico. The company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day.

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