Cartier Provides Update on its Chorrillos Project, Southern Bolivia

Acquisition Details - Cartier Silver Corporation has acquired 50% of the capital quotas of Empresa Minera Gonalbert S.R.L. and Empresa Minera Segovia S.R.L. through its subsidiary, Minera Cartier Bolivia S.R.L. [1] - The acquisition was completed for a total consideration of US$800,000, with staged payments as per an agreement dated December 12, 2022 [2] - Cartier Bolivia has the option to acquire 100% of the Vendors' capital quotas for an aggregate consideration of US$4.5 million, to be paid in staged payments by June 12, 2028 [2] Equity Interest Transaction - A separate transaction involved a Bolivian-based party acquiring a 15% equity interest in Cartier Bolivia for US$500,000, paid in cash on July 21, 2025 [3] Company Overview - Cartier Silver Corporation focuses on the exploration and development of silver property assets, including the Chorrillos Project in southern Bolivia [4] - The company also holds significant iron ore resources at Gagnon Holdings in Quebec and the Big Easy gold property in Newfoundland & Labrador [4]