Corani Silver Project

Toronto – October 12, 2026 -- Highlander Silver Corp. (TSX, NYSE American: HSLV) held about US$100 million in unaudited cash and no debt as of March 31 and forecasts a year-end cash balance of roughly US$60 million, according to its first portfolio update since completing the combination with Bear Creek Mining.

The Mercedes gold-silver mine in Sonora, Mexico, made a positive cash contribution in its first month of operations after restructuring under the new owner. President and CEO Daniel Earle said the baseline spending plan preserves flexibility to scale up exploration programs later in the year.

Toronto – October 12, 2026 -- Highlander Silver Corp. (TSX, NYSE American: HSLV) reported that a geophysical study of its Corani Silver Project in Peru shows a mineral system far more extensive than historical drilling coverage, with untested potential to the west and south beneath shallow post-mineral cover. The company also reported an unaudited cash balance of about US$100 million and no debt.

Surveys cover over 90 km of IP-resistivity and 600 km of airborne magnetics

The study integrates historical datasets with the first airborne magnetic survey at Corani and more extensive induced polarization-resistivity surveys than previously undertaken. Highlander completed over 90 km of IP-resistivity and over 600 km of airborne magnetic surveys, and integrated the results with lithology, alteration and resource models, mapping and core logging data.

Toronto – October 12, 2026 -- Highlander Silver Corp. (TSX, NYSE American: HSLV) has grown the workforce at its Corani Silver Project in Peru to more than 300 team members, with site development advancing across camp, earthworks, roads and power infrastructure.

Local hiring is a stated priority as headcount tops 300

The company said it is emphasizing recruitment from local communities as it builds out the Corani team. Highlander Silver describes Corani as the largest silver deposit in development globally.

Carlos Ojeda, with 25+ years at Peruvian open-pit mines, leads project management

Carlos Ojeda, Vice President and General Manager, heads the project management team. He has more than 25 years of technical services experience in engineering, construction and operations at major open-pit mines in Peru, including Quellaveco, Antamina and Constancia.

Toronto – October 12, 2026 -- Highlander Silver Corp. has signed a mandate letter with Natixis Corporate & Investment Banking to lead a fully underwritten, 7-year, $330 million senior secured structured project finance facility for the Corani Silver Project in Peru.

The company will back the facility with a cost overrun facility of up to $100 million, which must be established before the first draw. Final facility amounts remain subject to due diligence. As of June 30, Highlander Silver reported cash of about $100 million and no debt.