First Andes Silver Increases Private Placement to $1,350,000 CAD

Group 1 - First Andes Silver Ltd. has increased its non-brokered private placement financing from 10,000,000 units at $0.10 CAD per unit to 13,500,000 units at the same price, resulting in gross proceeds of up to $1,350,000 CAD [1] - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.15 CAD per share for two years [2] - The proceeds will be used to expand the current drill program at the Santas Gloria silver property and for general working capital [3] Group 2 - First Andes Silver Ltd. holds a 100% interest in the Santas Gloria silver property, located 55 km east of Lima, Peru, which has over 12 km of multiphase veins mapped at surface [4] - The property has excellent road access and is situated within a well-known intermediate sulfidation epithermal belt, with high-grade silver reported from the maiden diamond drill program in 2024 [4]