Pinnacle Amends Payment Terms for El Potrero Project

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA, February 23, 2026 TheNewswire - (TSXV: PINN,OTC:PSGCF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. ("Pinnacle" or the "Company") is pleased to announce that it has signed an amendment agreement with the vendor of the Potrero Project in Durango, Mexico whereby the original payment of US$750,000 due on February 21, 2026 (see Pinnacle news release of February 24, 2025) will be split into three equal portions.  The new payment schedule will comprise payments of US$250,000 on each of February 24, May 24 and August 24, 2026.  All other cash payments and share issuances remain the same.

"Robert Archer, President and CEO of Pinnacle stated, "We are very appreciative of the opportunity to spread out the payments as this will allow us to better budget our direct project costs and place more emphasis on advancing the project.  With our recently completed financing, we are continuing our fast-track approach to production at El Potrero with the upcoming underground drilling program."

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company's ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon.  With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.

Signed: "Robert A. Archer"

President & CEO

For further information contact:

Email:        info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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