Silver47 Closes First Tranche of Non-brokered Private Placement

Silver47 Exploration Corp. (TSXV: AGA) (FSE: QP2) has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $3,985,839. The Company issued 6,912,400 Units at $0.50 each and 929,192 flow-through units (FT Units) at $0.57 each. The net proceeds from the sale of Units will be used to fund exploration activities at the Red Mountain Project in Alaska and for general working capital, while the gross proceeds from the sale of FT Units will be used for exploration expenditures at the Adams Plateau Project in British Columbia.

The closing of the first tranche demonstrates strong investor demand and confidence in Silver47's exploration projects and growth prospects. The Company's experienced technical and management team, led by seasoned geologist and company builder Gary R. Thompson, is well-positioned to execute on its exploration plans and advance its projects towards development.



The proceeds from the sale of FT Units will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" under the Income Tax Act (Canada), and for British Columbia subscribers, "BC flow-through mining expenditures" as defined in the Income Tax Act (British Columbia). The Company will renounce all the Qualifying Expenditures in favour of the subscribers of the FT Units effective December 31, 2025.

The Adams Plateau Project is a silver-zinc-copper-gold-lead SEDEX-VMS project in southern British Columbia. The proceeds from the sale of FT Units will be used to fund exploration expenditures at this project, which could lead to the discovery of new resources and the advancement of the Adams Plateau Project.

In connection with the first tranche, the Company has paid certain persons ("Finders") finders' fees totaling $199,699, representing 7% of the aggregate proceeds raised by the Finders, and issued 398,888 finders' warrants (the "Finder's Warrants"), representing 7% of the number of securities sold to subscribers introduced to the Company by the Finders. Each Finder's Warrant is exercisable for one Common Share at an exercise price of $0.75 for a period of 36 months from the date of issuance.

Certain directors and officers of the Company acquired an aggregate of 720,000 Units under the first tranche. The issuance of securities to such insiders is considered a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Company is listed on the TSXV and neither the fair market value of securities issued to related parties nor the consideration being paid by related parties will exceed 25% of the Company's market capitalization.

The successful closing of the first tranche of Silver47's non-brokered private placement has significantly bolstered the Company's financial position, enabling it to fund exploration activities at its key projects and pursue its growth strategy. The Company's focus on rapid resource growth and new discoveries for silver, copper, and gold is supported by an extensive number of targets identified across its properties, and these funds will help drive exploration efforts towards these targets.