Mr. Morgan Good reports

SILICON METALS CORP. CLOSES FLOW-THROUGH OFFERING FOR GROSS PROCEEDS OF $198,610

Further to the news release dated Dec. 19, 2025, Silicon Metals Corp. has closed its previously announced non-brokered private placements for total gross proceeds of $198,610 through the issuance of 3,055,538 flow-through common shares at a price of 6.5 cents per flow-through share.

Fees of $4,212 were paid, and 64,800 finders' warrants were issued to certain finders in connection with the closing. Each finder's warrant is exercisable into one common share for a period of 36 months after the date of issuance at an exercise price of 6.5 cents. The company intends to use the proceeds of the sale of the flow-through shares to incur eligible exploration expenditures on its projects in British Columbia and Ontario.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45-102 (Resale of Securities).

About Silicon Metals Corp.

Silicon Metals is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The company's Maple Birch project, located approximately 30 kilometres southeast of Sudbury, Ont., is a high-purity quartz pegmatite project with a 3,000-tonne-per-year production permit. The company holds a 100-per-cent interest in the Crystal Hills project, located approximately 40 kilometres north of the city of North Bay, Ont., Canada, which consists of five mineral claims composed of 18 cells totalling approximately 400 hectares. The company also holds an undivided 100-per-cent right, title and interest in the exploration stage and a fully five-year permitted Ptarmigan silica project, located approximately 130 kilometres from Prince George, B.C. The company has also acquired an undivided 100-per-cent right, title and interest in both the exploration-stage Silica Ridge silica project located approximately 70 kilometres southeast from the town of MacKenzie, B.C., and the exploration-stage Longworth silica project located approximately 85 kilometres east from Prince George, B.C.

We seek Safe Harbor.