Mr. Jorge Ramiro Monroy reports

REYNA SILVER ANNOUNCES 3 MILLION CAD PRIVATE PLACEMENT

Reyna Silver Corp. has arranged a non-brokered private placement consisting of up to 40 million units at 7.5 cents per unit for gross proceeds of up to $3-million. Each unit will be composed of one common share of the company and one common share purchase warrant of the company. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 12 cents per warrant share for a period of 36 months from the date of issuance.

"Following our drill results at Gryphon, we are pleased to announce this financing, which will enable us to expand our proof-of-concept targets and prepare for further exploration targets later this year," said Jorge Ramiro Monroy, chief executive officer of Reyna Silver. "Additionally, with the improved mining environment in Mexico, we look forward to resuming exploration at Batopilas, where we had several high-grade silver intercepts, including drilled nine m at 616 g/t silver in 2023."

(See Sept. 3, 2023, press release for more information on the drill program.)

The offering is expected to close in one or more tranches with the first closing expected to occur on or about Feb. 14, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including fulfilling applicable requirements of the TSX Venture Exchange.

The company may pay finders' fees and issue finders' warrants to eligible finders in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

It is anticipated that insiders of the company may participate in the private placement. The participation of any insiders may be considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The private placement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to related parties, nor the consideration for such securities will exceed 25 per cent of the company's market capitalization.

The company intends to use the proceeds from the offering for continuing exploration, maintenance and development of the company's properties and general working capital and corporate purposes.

The prospectus can be obtained under the company's SEDAR+ profile.

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, United States, Reyna Silver has entered into an option to acquire 70 per cent of the 12,058-hectare Gryphon Summit project. The Gryphon project shows features indicating uniquely superimposed/overprinted silver-lead-zinc-copper carbonate replacement deposit, Carlin gold and critical metal 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.

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