Mr. Jack Campbell reports

ALCON SILVER ANNOUNCES SHAREHOLDER APPROVAL OF ARRANGEMENT

In connection with the previously announced arrangement agreement dated April 8, 2026, between Mexican Gold Mining Corp. and Alcon Silver Corp., shareholders of Alcon have approved the plan of arrangement set out in the arrangement agreement by the requisite 66.66-per-cent majority of shareholders and debenture holders of Alcon (voting as a single class) that voted at Alcon's annual general and special meeting, which took place on July 3, 2026.

Alcon will now proceed to apply for a final court order approving the arrangement. Alcon expects the application for the final order will be scheduled for July 8, 2026, at 9:45 a.m. (Vancouver time) at the Supreme Court of British Columbia at 800 Smithe St., Vancouver, B.C., or as soon thereafter as counsel may be heard. If the final order is granted, Alcon and Mexican Gold will proceed to close the arrangement, which closing date is expected to be on or about July 15, 2026, or at such other date as the parties may agree.

Additional information

Copies of the arrangement agreement and the interim loan agreement have been filed on SEDAR+ and are available for viewing under each of Alcon and Mexican Gold's profiles at SEDAR+.

About Mexican Gold Mining Corp.

Mexican Gold is a Canadian-based mineral exploration and development company committed to building long-term value through continuing discoveries and strategic acquisitions of prospective precious metals and copper projects in the Americas. Mexican Gold is exploring and advancing the Las Minas project, which is located in the core of the Las Minas mining district in Veracruz state, Mexico, and host to one of the newest, underexplored skarn systems known in Mexico. Mexican Gold recently expanded its land package by acquiring the adjacent Tatatila claims from Chesapeake Gold.

About Alcon Silver Corp.

Alcon Silver is a private silver explorer focused on advancing its 100-per-cent-owned Princesa silver-polymetallic project in the Puno-Cusco mining district, Peru, and its Star silver-polymetallic project in the historic Beaver mining district south of Milford, Utah.

We seek Safe Harbor.