Salazar Provides Update on the Construction of the Mine at the El Domo Project

Vancouver, British Columbia--(Newsfile Corp. - September 9, 2026) - Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) ("Salazar" or the "Company") is pleased to provide an update on the Curipamba-El Domo polymetallic project ("El Domo" or the "Project"), located in the Bolívar and Los Ríos provinces of Ecuador. This update reflects the progress of the development and construction of the infrastructure, open pit mine, and processing plant at the El Domo Deposit (construction update last published in Salazar's Press Release dated February 5, 2026). Salazar retains a 25% carried interest in the Project, fully carried to production, and Silvercorp holds the remaining 75% interest and serves as the operator. Management Commentary "We have been following the ongoing construction at El Domo and are very pleased with the progress being made. Senior management of Salazar has just completed a site tour and have seen firsthand how the mine is developing. We look forward to the commissioning of operations targeted for July 2027," said President & CEO, Fredy Salazar.

PROJECT OVERVIEW Mineral Resource: Measured + Indicated (M+I) 11.4 Mt, grading 1.85% Cu, 2.11 g/t Au, 2.42% Zn, 0.22% Pb, and 41.69 g/t Ag. Inferred Mineral Resources 3.8 Mt, grading 0.46% Cu, 0.97% Zn, 0.13% Pb, 0.80 g/t Au, and 28.49 g/t Ag. Mineral Resources are reported inclusive of Mineral Reserves. Mineral Reserves (Proven + Probable): 7.13 Mt, grading 2.55 g/t Au, 47.82 g/t Ag, 1.93% Cu, 0.26% Pb, and 2.63% Zn. Contained metal in Mineral Reserves: copper (137.7 kt), gold (584 koz), zinc (187.7 kt), lead (18.4 kt), and silver (11.0 Moz). Refined flowsheet: Cu and Au recoveries improved by 5.4% and 6.2% respectively compared with the 2021 Feasibility Study. Life of Mine: 11.5 years (construction period excluded)

Update on the Analysis of Economic Data for the El Domo Project (100% project basis): After-Tax NPV: at 8% discount rate US$573 million, at 5% discount rate US$ 705.6 million IRR (Internal Rate of Return): 45% Nominal processing capacity: 666 ktpy (thousand tonnes per year) Payback Period: ~3 years Initial Capital Cost: US$ 283.7M Sustaining Capital: US$ 72.5M; Closure Cost: US$ 17.3M; Total Life-of-Mine Capital: US$ 373.5M Life-of-Mine Operating Cost: US$ 416.3 million (US$ 58.39 per tonne milled) Mineral Reserves average NSR grade: US$ 312/t, reported above a US$ 55/t cut-off value Upside: approximately 8 million tonnes of additional mineralized material remain within the Measured & Indicated and Inferred Mineral Resource categories, representing potential to extend mine life

*Values as reported in the Company's News Release dated July 15, 2026, supported by the NI 43-101 Technical Report on the Curipamba-El Domo Polymetallic Project prepared by SRK Consulting (China) Ltd. for Silvercorp Metals Inc., with an effective date of December 31, 2025, filed on SEDAR+ on August 13, 2026: https://www.salazarresources.com/investors/regulatory-news/salazar-resources-files-ni-43-101-technical-report-for-the-curipamba-el-domo-project/ . All Mineral Resource, Mineral Reserve, economic, capital and operating cost figures are presented on a 100% project basis; Salazar holds a 25% interest in the Project that is fully carried to production.

UPDATE ON EL DOMO MINE CONSTRUCTION (CONSTRUCTION PROGRESS AS OF JULY 31, 2026; FINANCIAL FIGURES AS AT JUNE 30, 2026): Since construction began in January 2025, and through June 30, 2026, cumulative capital expenditures on the El Domo mine totaled US$66.2 million; including US$12.3 million invested during the three months ended June 30, 2026, compared with US$4.8 million invested in the same period of the prior year. Construction of El Domo is fully funded, and on July 31, 2026 Silvercorp received the second of four installments, in the amount of US$43.9 million, under the US$175.5 million stream financing agreement with Wheaton Precious Metals in respect of the Project, bringing total proceeds received un...