Mr. Ralph Shearing reports

PRINCE SILVER APPOINTS DEREK IWANAKA AS CHIEF EXECUTIVE OFFICER

Prince Silver Corp. has appointed Derek Iwanaka as chief executive officer of the company. Mr. Iwanaka will be nominated for election to the company's board of directors at its next annual general meeting, scheduled for Dec. 23, 2025.

Mr. Iwanaka brings over 23 years of investor relations, corporate development and capital markets experience in the mining industry. He has played key roles in advancing numerous public mining companies through various stages of growth, mergers and project development. Over his career, he has contributed to more than 20 corporate transactions and has been instrumental in raising over $100-million (U.S.) through equity financings, including one of the first at-the-market (ATM) offerings executed by a Canadian brokerage firm.

Mr. Iwanaka most recently served as vice-president, investor relations and corporate development, at BeMetals Corp., a precious and base metals exploration company founded largely by former B2Gold Corp. and Bema Gold Corp. executives. At BeMetals, he was part of the leadership team for its strategic acquisitions, project advancements and investor engagement as the company established its diversified metals portfolio.

Prior to that, he was vice-president, investor relations, at First Mining Gold Corp., where he helped guide the company's evolution from a mineral bank to a gold project developer in Eastern Canada. During his tenure, First Mining completed seven corporate transactions, consolidating a large National Instrument 43-101-compliant gold resource base and growing its market capitalization from approximately $45-million to over $500-million.

From 2010 to 2015, Mr. Iwanaka was director of investor relations at Uranerz Energy Corp., a United States-based in-situ recovery uranium producer that completed a $320-million business combination with Energy Fuels Inc. in 2015. Earlier in his career, he managed investor relations at Brilliant Mining Corp., a nickel producer recognized twice in the TSX Venture 50, and began his career in 2002 with Bema Gold Corp., a mid-tier gold producer that was later acquired by Kinross Gold Corp. for $3.1-billion (U.S.).

Mr. Iwanaka holds a bachelor of commerce degree with a major in marketing from the University of Northern British Columbia.

"We are excited to welcome Derek as our new CEO," said Ralph Shearing, president and director of Prince Silver. "Derek's track record in building shareholder value, executing strategic transactions and leading investor communications makes him a tremendous asset as we advance Prince Silver's vision. His leadership will be critical as we position the company for its next stage of growth."

"I'm honoured to join Prince Silver at such a pivotal time in its evolution," said Derek Iwanaka, incoming chief executive officer of Prince Silver. "With such a compelling precious metals assets located in one of the world's best mining jurisdictions, I look forward to working with the team to unlock value for shareholders and advance the company's strategic objectives."

The company also announces that it has extended the date of its annual general meeting which was previously scheduled to be held on Dec. 16, 2025, to now be on Tuesday, Dec. 23, 2025, at 11 a.m. Pacific Time at suite 2500 -- 700 West Georgia St., Vancouver, B.C., V7Y 1B3. The record date for the meeting will remain unchanged at Nov. 11, 2025.

About Prince Silver Corp.

Prince Silver is a silver exploration company focused on advancing the Prince silver project in Nevada, United States. The known deposit identified with historic drilling is open in all directions and is near surface. The company also holds an interest in the Stampede Gap project, a district-scale copper-gold-molybdenum porphyry system located approximately 15 kilometres north-northwest of the Prince silver project.

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