Mr. David Coburn reports

MASIVO SILVER CORP. SIGNS DEFINITIVE OPTION AGREEMENT FOR THE CERRO COLORADO PROPERTY IN SONORA, MEXICO

Masivo Silver Corp. has signed a definitive option agreement to acquire the Cerro Colorado gold, silver and copper property, located in the state of Sonora, Mexico, with Jorge Rafael Gallardo Romero, Minera Goldzone SA de CV and partners.

The Cerro Colorado project is located approximately 28 kilometres northeast of Alamos, Sonora, and roughly 11 kilometres north of the Piedras Verdes open-pit copper mine, one of Mexico's most prominent copper operations. The project area hosts two mineral concessions totalling approximately 2,649 hectares (6,542 acres) and is considered highly prospective for precious and base metals.

Project background and coming work

The Cerro Colorado project exhibits historical high-grade mineralization, including silver values up to 2,200 grams per tonne silver and gold up to 4.57 grams per tonne gold from historical workings reported in 1972. Subsequent sampling has confirmed strong silver, gold, copper, lead and zinc values along the principal mineralized structures. Masivo's geological team, led by Mr. Gallardo in co-ordination with Mark Bailey, PGeo, and Brian Brewer, PGeo, is finalizing the layout of an initial eight-hole drill program expected to commence in November, 2025. The program will test along-strike and down-dip extensions of mineralized zones identified in prior surface work.

Chief executive officer statement

David Coburn, CEO of Masivo Silver, commented: "With the signing of this definitive option agreement, we are excited to expand our footprint in Sonora. Cerro Colorado presents a significant opportunity for discovery in a mining-friendly district with robust infrastructure. With drill targets defined and environmental permits in process, our team is preparing to commence drilling to unlock the project's potential. We also have the $75,000 credit with drill company; this will allow us to start mobilization in the very near future."

Incentive stock options

In addition, the company announces that, subject to TSX Venture Exchange approval, it has granted incentive stock options to various directors, officers and consultants to purchase up to 2.5 million common shares exercisable at a price of 11 cents per share. The options will be exercisable for a period of five years from the date of issuance.

Qualified person

Brian Brewer, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

Masivo Silver and Minera Goldzone agreed on the following.

Upon signing the definitive agreement, Masivo Silver will grant 300,000 shares and begin discussions with the exploration team for an eight-hole drill program at Cerro Colorado and payment of duties and taxes for the mining claim.

Upon the first anniversary of completing the eight-hole drill program, Masivo will pay $60,000 (U.S.) and a second payment of either one million Masivo shares or $100,000 (U.S.).

Upon the second anniversary, Masivo will pay $70,000 (U.S.) and a second payment of either 1.5 million Masivo shares or $150,000 (U.S.).

Upon the third anniversary, Masivo will pay $80,000 (U.S.) and a second payment of either two million shares or $200,000 (U.S.).

Upon the fourth anniversary, Masivo will pay $100,000 (U.S.) and a second payment of either 2.5 million shares or $250,000 (U.S.).

In each selection between shares and cash, Masivo can further elect to settle a cash election using shares based on a 10-day-weighted-average-share-price formula calculating the number of shares issued. The 10-day-weighted-average price would begin 15 trading days before the anniversary date and end five trading days before the anniversary date.

Upon the 48-month anniversary and all commitments between Masivo Silver and Minera Goldzone and partners involved have been met at 100 per cent, the concession title and all mining rights will be granted to Masivo Silver; Minera Goldzone and partners will keep a 1.5-per-cent NSR (net smelter return) royalty, which Masivo can buy 100 per cent for $1-million (U.S.).

About Masivo Silver Corp.

Masivo Silver is a Canadian junior exploration company focused on acquiring, exploring and advancing precious and base metal projects in Mexico and Nevada (United States). The company's current portfolio includes the Cerro Colorado property in Sonora, Mexico, and the Boston mine project in Nevada.

We seek Safe Harbor.