Blende Silver Announces Private Placement for Proceeds up to $2,500,000 Flow-Through and Non-Flow-Through Units Available

Vancouver, Canada – Blende Silver Corp. (the “Company”) (TSX.V: BAG) (OTC: BAGGF) (WKN: A2QKT9) (FSE: BCW1) announces a non-brokered private placement of both Flow-Through and Non-Flow-Through units (the “Offering”). The Company may issue up to 6,000,000 Flow-Through units at a price of $0.25 per unit and up to 5,000,000 Non-Flow-Through units at a price of $0.20 per unit, for aggregate gross proceeds of up to $2,500,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.30 per share for a period of two years from the closing date. All warrants will be Non-Flow-Through securities. The common shares comprising the Flow-Through units will be issued as “flow-through shares” within the meaning of the Income Tax Act (Canada). The gross proceeds from the issuance of the Flow-Through units will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) on the Company’s Blende property. The Company intends to renounce such expenses to the subscribers of the Flow-Through units with an effective date of no later than December 31, 2026. The proceeds from the Non-Flow-Through units will be used to advance the Blende property and for general working capital purposes. The Offering is subject to TSX Venture Exchange approval. All securities issued under the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws. Finder’s fees may be payable in connection with the Offering, in accordance with the policies of the TSX Venture Exchange. Insiders of the Company may participate in the Offering. This news release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities within the United States or to, or for the account or benefit of, U.S. persons or persons in the United States. “United States” and “U.S. person” have the meanings ascribed to them in Regulation S under the U.S. Securities Act. The securities being issued have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any of the securities laws of any state of the United States, and may not be offered or sold within the United States or for the account or benefit of U.S. persons or persons in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. About Blende Silver Corp. Blende Silver Corp. is a Vancouver-based junior resource company focused on silver-zinc-lead exploration and development at its flagship Blende Project in north-central Yukon. The 100%-owned property hosts a carbonate-hosted Ag-Zn-Pb mineral resource that has been described in published literature as the largest of its type in Yukon (M. Robinson and C.I. Godwin, Economic Geology, 1995). That characterization is based on information available at the date of that publication and has not been independently verified or updated by the Company. The property covers 5,345 hectares, is winter road accessible, and is located approximately 63 km northeast of Keno Hill, Yukon. The Blende property lies within the Keno Hill silver district, one of Canada’s highest-grade historic silver producing districts, currently being advanced by Hecla Mining Company. Mineralization at Keno Hill and on other properties near the Project is not necessarily indicative of mineralization on the Project. The proper...