Silver Viper Minerals Corp.  (TSX-V: VIPR) (OTC: VIPRF) is pleased to announce that it has closed its $3.5 million non-brokered private placement announced on June 3, 2025, issuing 23,332,792 units of the Company at a price of $0.15 per Unit for aggregate gross proceeds of $3,490,619.

Each Unit consisted of one common share of the Company and one half of one warrant. Each Warrant entitles the holder thereof to acquire one Share from the Company at a price of $0.35 per Share for a period of 24 months from the date of issue. All Units issued in connection with the Offering bears a legend indicating that they are subject to a trading restriction for a period of 12 months following the closing of the transaction.

The Issuer intends to use the proceeds from the Offering for drilling and other exploration activities at La Virginia and for working capital and other general corporate purposes.

As consideration for their services in connection with the Offering, the Finders received a total cash commission of $4,200 and were issued 72,000 Finder’s Units of the Company. The Finder’s Units have the same terms as the Units issued to subscribers in the Offering and bears a legend indicating that they are subject to a trading restriction for a period of 12 months following the closing.

Insiders of the Company subscribed for a total of 200,000 Units. Participation by the insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Private Placement by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Silver Viper Minerals

Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The Company is the operator and 100% owner of the La Virginia Gold-Silver Project in Sonora. The Company continues to evaluate and advance mineral exploration opportunities across key mining jurisdictions in Mexico and acquired the Cimarron Project in Sinaloa, Mexico in June 2025.