Masivo's Clarification News Release per CIRO

Core Viewpoint - Masivo Silver Corp. has signed a non-binding Letter of Intent (LOI) to acquire a Gold, Silver, and Copper project in Sonora, Mexico, with the LOI expected to become binding within 2 to 3 weeks upon completion of due diligence [1] Group 1: Project Details - The Cerro Colorado Sonora project includes two mineral concessions: El Tacon Dos (Cerro Colorado) with 774 hectares and Valle del Cobre with 1875 hectares [2] - Historical sampling from a collapsed tunnel returned significant grades of 2200 g/t Ag and 4.57 g/t Au, indicating high mineralization potential [3] - A selective sample from another collapsed tunnel returned values of 1840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb, and 2.92% Zn, although it may not represent underlying mineralization [4] Group 2: Exploration and Sampling - Surface sampling in the alteration zone yielded values between 12 to 561 g/t Ag, along with anomalous values of Gold and Copper, aligning with the Piedras Verdes mining project [6] - A trench sample returned 7.2 meters true-wide with 0.75 g/t Au, 159 g/t Ag, 0.24% Cu, 0.52% Pb, and 0.29% Zn, confirming geochemical signatures of polymetallic mineralization [5] Group 3: Expert Insights - Senior Geologist Rafael Gallardo expressed optimism about the project, noting it has never been drill-tested at depth and hopes to find similar polymetallic values at depth where a high chargeability anomaly was detected [7] - The Masivo technical team is collaborating with Gallardo on the Cerro Colorado drill program, which is expected to complement the Boston Mine project in Nevada [8] Group 4: Drilling Plans - A series of 8 drill holes are being modeled for the project, utilizing a $75,000 drill credit with a Mexican drilling company [9]