Santacruz Silver Mining Ltd. (TSX-V: SCZ) (OTCQB: SCZMF) (FSE: 1SZ) is pleased to announce that it has made the second payment of US$7.5 million to Glencore as part of the Company’s previously announced plan to exercise its Acceleration Option and satisfy the Base Purchase Price related to the Bolivian assets acquisition.

This second payment follows the initial US$10 million payment made on March 20, 2025, and is part of a structured payment plan designed to deliver total payments of US$40 million by October 31, 2025. The plan is expected to generate US$40 million in savings and reinforces the Company’s commitment to financial discipline and long-term value creation.

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: “We are thrilled to be continuing to execute on this strategic plan, which reflects our disciplined financial approach. This second payment to Glencore demonstrates our ability to honor our commitments while maintaining a strong balance sheet and cash position. We remain focused on driving shareholder value through prudent capital management and operational excellence.” Mr. Préstamo added: “We would like to thank Glencore once again for their continued support and collaborative approach throughout this process. Our strong relationship with Glencore remains an important asset as we pursue our strategic goals in Bolivia and beyond.”

Please refer to the Company’s October 3, 2024, and April 4, 2024, news releases for details on the payment structure for the Bolivian assets acquisition.

About Santacruz Silver Mining Ltd.

Santacruz Silver is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America. The Bolivian operations comprise the Bolivar, Porco and the Caballo Blanco Group, which consists of the Tres Amigos and Colquechaquita mines. The Soracaya exploration project and San Lucas ore sourcing and trading business are also in Bolivia. The Zimapan mine is in Mexico.