Subject: Masivo Silver News Release/please send our immediately
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Masivo Update News Release
Vancouver, British Columbia, August 26, 2025 - Masivo Silver Corp. ("Masivo" or the "Company") (TSXV: MASS) (OTC:GNYPF) On behalf of Masivo Silver we would like to announce the closing of Tranche 1 of the private placement at $0.06 with a half warrant at $0.10 for a 12 month term will close on August 29, 2025. Subscription Agreements totaling $845,000 have been accepted and are being processed, the company can raise for a total of up to $1,000,000 dollars versus $1,200,000 dollars that was initially stated. It should be noted that CEO David Coburn also subscribed $100,000 of this tranche 1 private placement.
The companies technical team has recently visited the Boston Mine and the surrounding area, and continues negotiating on several acquisition opportunities that are in very close proximity to the Boston Mine and in Elko County . Our QP Brian Brewer continues to work on completing assaying of the core of the remaining 7 holes and results are expected in the coming months.
Masivo still has a $75,000 drill credit in Mexico and we expect to start drilling the Cerro Colorado project in Mexico in Q4 2025 as we work with the Minera Goldzone and partners to complete the Definitive Agreement, all terms have been agreed to and we are working diligently with legal to expedite the transaction and start the drill program as soon as possible.
Masivo is providing this bi-weekly update on the status of its management cease trade order issued on July 30, 2025 (the "MCTO"), by its principal regulator, the British Columbia Securities Commission (the "BCSC"), under National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). The Company announced on July 28, 2025 (the "Default Announcement"), that it expected to be unable to file its annual financial statements, management's discussion and analysis and related officer certifications for the financial year ended March 31, 2025 (collectively, the "Annual Filings") by the filing deadline of July 29, 2025 (the "Filing Deadline").
As previously disclosed, The delay in preparing the Annual FS and Annual MD&A was due in part to difficulties in obtaining financial information from its Mexican operations. They have now 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 September 19, 2025.
The BCSC has given the Company until September 28, 2025 to complete its Annual Filings, which the Company anticipates being in a position to meet. The Company expects the Interim Filings to be filed within five business days of the Annual Filings once completed. The MCTO will remain in effect until two full business days following the receipt by the BCSC of all filings the Company is required to make under British Columbia securities law, including the Required Documents. The MCTO does not affect the ability of other shareholders, including the public, to trade in securities of the Company.
The Company confirms that, other than as described above, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the Company remains in default with its Required Documents; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Documents; (iii) the Company confirms as of the date of this news release, that there is no insolvency proceeding against it; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.
The delay in preparing the Annual FS and Annual MD&A was due in part to difficulties in obtaining financial information from its Mexican operations. They have now 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 September 19, 2025.
The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in section 43. and 4. of National Policy 12-203 - Management Cease Trade Orders for os 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 towards 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, US, 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. Additional information on Masivo's current operations is available on the Company's website at www.masivosilver.com or email davidcoburn@masivosilver.com or phone: +1 (602) 315-1231
ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer
This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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