Transaction to Strengthen Kuya Silver’s Balance Sheet, Provide Additional Capital to Accelerate Production and Exploration at Bethania

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (Frankfurt: 6MR1) is pleased to announce the signing of a Letter of Intent with Silver Crown Royalties Inc. to raise USD$5,000,000 through the sale of a royalty on payable silver from Kuya’s Bethania Silver Project in Huancavelica, Central Peru.

Under the LOI, in return for payment of US$5,000,000, consisting of US$3,000,000 in cash and US$2,000,000 in Silver Crown units, Silver Crown will acquire a 4.5% royalty on silver production from the Bethania Project until a total of 475,000 oz have been delivered, after which the royalty reduces to 1% for the life-of-mine. The US$2,000,000 in Silver Crown units are expected to be priced at C$6.50 per unit and includes one common share and one-half of a common share purchase warrant exercisable at C$13.00 for three years. Note that the royalty only applies to silver production and the transaction will not apply any by-product sales.

Minimum deliveries have been structured to reduce any potential financial stress during the first year of the ramp-up. Kuya will deliver to SCRi a minimum 4,500 ounces of silver quarterly for the first four quarters, 9,000 ounces per quarter for quarters 5 through 8, and 12,375 ounces quarterly for each subsequent quarter until 475,000 ounces have been delivered. After delivering 475,000 ounces, the royalty reduces to 1% for the mine’s remaining life.

David Stein, Kuya’s President and CEO remarked, “We’re pleased to partner with Silver Crown through this royalty agreement on Bethania production, while also securing a meaningful stake in a unique silver-focused vehicle – the only publicly traded royalty company with 100% silver exposure. The funds raised from this transaction will help accelerate Bethania production towards our Phase 1 target of 350 tonnes per day, as well as support exploration programs throughout this district-scale property – all without issuing any new Kuya Silver shares. As strong believers in the long-term upside of silver, this partnership gives Kuya Silver shareholders added exposure to both rising silver prices and the potential re-ratings in both companies.”

About Kuya Silver Corporation

Kuya Silver is a Canadian‐based, growth-oriented mining company with a focus on silver. Kuya Silver operates the Bethania silver mine in Peru, while developing district-scale silver projects in mining-friendly jurisdictions including Peru and Canada.