Culico Metals Inc. (TSX-V: CLCO) a TSXV Sandbox issuer, is pleased to announce a strategic equity investment of C$4,000,000 into Americas Gold and Silver Corporation, a precious metals company with two operations: the Galena Complex in Idaho, USA and Cosalá in Sinaloa, Mexico.

Culico has invested C$4,000,000 in exchange for 10,000,000 common shares of AGSC at a price of C$0.40 per Purchased Share. The Purchased Shares are subject to a four-month plus one day hold period from the date of issuance, and the Investment is subject to the final acceptance of the TSX Venture Exchange.

Culico is currently listed pursuant to the TSXV Sandbox, and will remain so until, among other things, Culico has deployed at least C$4,663,000.00 to at least two qualifying investments that are satisfactory to the TSXV. Following the completion of the Investment, Culico is now required to deploy at least C$663,000 to at least one more qualifying investment prior to August 14, 2025. Investors are advised to read the Corporation’s news release dated August 14, 2024 for more information regarding the waivers granted in connection with the Corporation’s listing, details on the listing conditions imposed on the Corporation, the exit conditions the Corporation must meet in order to exit TSXV Sandbox, and any consequences if the Corporation does not meet these exit conditions.

About Culico Metals Inc.

Culico is a company focused on creating value in the mineral exploration, development and production sector. Culico’s current assets include a 1% lithium royalty on certain mining interests held by Kali Metals Limited (ASX: KM1) and the right to receive a deferred consideration payment due to the on-sale of the Dumont project. The Dumont project is a large-scale nickel deposit located 25 km west of the town of Amos in the established Abitibi mining camp in the mining-friendly Canadian province of Québec. Culico holds an interest in the net proceeds from a future sale or other monetization event involving the Dumont project.