Mr. Jorge Ramiro Monroy reports

REYNA SILVER AMENDS TERMS OF MEDICINE SPRINGS OPTION AGREEMENT

Reyna Silver Corp. has reached an agreement to further amend the terms of its option agreement dated Aug. 20, 2017, with Stephen Sutherland and Herb Duerr, pursuant to which Reyna Silver has the option to acquire a 100-per-cent interest in the optionors' Medicine Springs project, located in Nevada. The option agreement was initially entered into between the optionors and Northern Lights Resources Corp. (NLR). Reyna Silver acquired and assumed NLR's interest in the option agreement and the underlying property pursuant to an option interest acquisition agreement dated Dec. 14, 2022, between NLR and Reyna Silver. Further details of the acquisition agreement are disclosed in Reyna Silver's news releases dated Dec. 15, 2022, Dec. 15, 2022, and Jan. 5, 2023. Reyna Silver has announced previous amendments to the option agreement, including most recently on Feb. 13, 2024. The amendments to the option agreement were effected by an amending agreement dated Sept. 30, 2024, between the optionors and Reyna Silver.

"We greatly appreciate the faith in the Medicine Springs project demonstrated by Herb Duerr and Stephen Sutherland," said Jorge Ramiro Monroy, chief executive officer of Reyna Silver. "As seasoned Nevada geologists, they clearly appreciate what our district-scale exploration approach can bring to unlock a project's potential."

For a cash payment of $15,000 (U.S.) on Oct. 1, 2024, the amending agreement defers the Oct. 1, 2024, $150,000 (U.S.) cash payment to Feb. 1, 2025, and adds $10,000 (U.S.) in additional common shares of Reyna Silver, payable on or before Feb. 1, 2025, to the optionors. As a result of the amending agreement, the remaining mandatory and option payments required under the option agreement for Reyna Silver to fully exercise its option on the property are as follows:

Mandatory payments:

• On or before Feb. 1, 2025: $150,000 (U.S.) in cash;
• On or before Feb. 1, 2025: $310,000 in common shares of Reyna Silver (based on the 30-day VWAP (volume-weighted average price) of Reyna Silver's common shares on the TSX Venture Exchange prior to the date of issuance subject to a floor price of 12.375 Canadian cents per common share).

Option payments:

• On or before Feb. 1, 2025: $225,000 (U.S.) in cash; and
• On or before Oct. 1, 2025: $150,000 (U.S.) in cash.

The amending agreement and the issuance of Reyna Silver common shares under the option agreement remain subject to the acceptance of the TSX-V.

About Reyna Silver Corp.

Reyna Silver is a growth-oriented junior exploration and development company. Reyna Silver focuses on exploring for high-grade, district-scale silver deposits in Mexico and the United States. In Nevada, Reyna Silver has entered into an option to acquire 70 per cent of the 12,058-hectare Gryphon Summit project in a 50/50 partnership with Reyna Gold. The Gryphon project shows features indicating uniquely superimposed/overprinted silver-lead-zinc-copper carbonate replacement (CRD), Carlin gold and critical metals mineralization. Also in Nevada, Reyna Silver is advancing its option to acquire 100 per cent of the Medicine Springs project, where Reyna Silver is exploring a potentially significant silver-lead-zinc-copper crd-skarn-porphyry system. Reyna Silver's Mexican assets are 100 per cent owned and include the Guigui project and Batopilas project, both located in Chihuahua state. The Guigui project covers the interpreted source area for the Santa Eulalia carbonate replacement deposit district and Batopilas covers most of Mexico's historically highest-grade silver system.

We seek Safe Harbor.