Reyna Silver Corp. (TSX-V: RSLV) (OTCQB: RSNVF) (FRA: 4ZC) is pleased to announce a first closing of its previously announced private placement offering of units.  In aggregate, the Company issued 14,889,999 Units in the first closing for aggregate gross proceeds of CAD$1,116,749.93.

Each Unit was issued at a price of CAD$0.075 and consists of one common share of the Company and one common share purchase warrant.  Each Warrant is exercisable for 36 months from the date of issuance to acquire one additional Common Share at an exercise price CAD$0.12

Certain insiders of the Company have subscribed for a total of 13,939,999 Units for a total consideration of $1,045,499.93, which constitute “related party transactions” within the meaning of Regulation MI 61-101 respecting Protection of Minority Security Holders in Special Transactions. The transactions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to, or the consideration paid by, such persons will exceed 25% of the Company’s market capitalization.

The Company will pay a cash finder’s fee equal to 7.0% of the gross proceeds raised on certain investments in the first closing for an aggregate fee of CAD$3,937.50 and will issue 52,500 Finder Warrants (as defined below) to eligible finders.

The Units were offered by way of private placement pursuant to exemptions from prospectus requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions.  All securities issued in the first closing are subject to a hold period expiring June 6, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The Company may sell additional Units in the Offering in one or more subsequent closings, on such dates as the Company may determine. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including acceptance by the TSXV.

The Company may pay certain eligible finders a cash fee of up to 7% of the gross proceeds raised in respect of the Offering from subscribers introduced by such finders to the Company, including for amounts raised in subsequent closings, if any. The Company may also issue to eligible finders such number of finder warrants equal to 7% of the number of Units sold under the Offering to subscribers introduced by such finders to the Company. The Finder Warrants, to the extent they are issued, shall entitle the holder thereof to acquire one Common Share at a price of $0.075 per Common Share for a period of 36 months from the date of issuance.

The Company intends to use the proceeds from the Offering for ongoing exploration, maintenance and development of the Company’s properties and general working capital and corporate purposes.

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 USA, Reyna Silver has entered into an option to acquire 70% of the 12,058-hectare “Gryphon Summit Project”. 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% 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% 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.