Pinnacle Provides Updates on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico, and on Canada Postal Strike and Mailing of the Company's 2024 Annual General Meeting Materials

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA, December 10, 2024 TheNewswire - (TSXV: PINN; OTC:NRGOF; Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is providing an update on the proposed acquisition of a staged option to acquire up to a 100% interest, subject to a 2% NSR, in the Potrero gold-silver project in Durango, Mexico, as announced in Pinnacle news release of Oct. 28, 2024 .

As the proposed acquisition is subject to TSXV approval and the transaction is considered by the TSXV to be a "Fundamental Acquisition", Section 3.5 of Exchange Policy 3.3 requires regular updates on the progress of the transaction.

The Company reports that technical and legal due diligence are almost complete, the requisite NI 43-101 Technical Report is well underway, the preparation of a final Definitive Agreement and Title Opinion are in the final stages and the financing is progressing well. There is no change to the terms of the financing. As such, the Company anticipates being in a position to file with the TSXV by mid-January.

The Company also wishes to notify shareholders that in case of disruption due to the ongoing Canada Post strike, the Company's meeting materials (the "Meeting Materials") for the Company's upcoming annual general meeting to be held on January 10, 2025 at 11:00 a.m. (Vancouver Time) (the "Meeting"), may be viewed on the Company's SEDAR+ profile at www.sedarplus.ca and are also available electronically on the Company's website at www.pinnaclesilverandgold.com .

Due to the postal strike, it is possible that the Meeting Materials will not be delivered to shareholders prior to the Meeting. Shareholders will still be able to vote their shares either directly or by proxy, or indirectly via their intermediary. Registered and beneficial shareholders who have not received their Meeting Materials, including the proxy, can direct requests for copies of the Meeting Materials to the Corporate Secretary at the contact details below. The Company will provide copies of the Meeting Materials by email to each shareholder who requests them while the strike is ongoing, at no charge.

If you are a registered shareholder, please contact Computershare Investor Services Inc. ("Computershare") at 1-800-564-6253 (toll free within North America) between 8:30 am and 8:00 pm Eastern Time or +1-514-982-7555 (international direct dial) to obtain your voting control number (subject to passing of identity verification). With the voting control number, you can vote online at www.investorvote.com . If you are unable to obtain your voting control number, you can use the generic Form of Proxy available on SEDAR+ or the Company's website, write in the registered holder's name, address, number of shares, holder account number, indicate your votes and sign (Corporate holders should also indicate name and title of person signing), and fax the completed proxy form by 11:00 am Pacific Standard Time on January 8, 2025 to Computershare at 1-866-249-7775 (Toll Free North America) or 416-263-9524 (International).

If you hold shares through an intermediary such as a brokerage firm, please contact your intermediary directly for a copy of the proxy form and instructions for voting.

The Company's annual financial statements and related management discussion and analysis, as well as interim financial statements and related management discussion and analysis are available on the Company's SEDAR+ profile and the Company's website as noted above.

Qualified Person

Mr. Robert A. Archer, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the President and CEO of the Company, has reviewed, verified and approved for disclosure the technical information contained in this news release.

ABOUT Pinnacle Silver and Gold Corp.

Pinnacle is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional district-scale potential. Pinnacle is also actively looking for other district-scale opportunities in the Americas, with a particular focus on silver and gold. 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 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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Pinnacle Defines High-Grade Gold-Silver Mineralization in Dos de Mayo Mine at El Potrero

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA TheNewswire - September 09, 2025 (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that systematic underground channel sampling in the historic Dos de Mayo mine at the El Potrero Project in Durango, Mexico is providing a good look at the gold-silver distribution within the known mineralized zone. Fifty-three channel samples, in 13 composite channels, were taken within a raise (inclined tunnel approximately 1.5 metres in diameter) connecting two levels 25.5 metres apart. Composite assays up to 11.2 gramstonne gold (gt Au) and 179 gramstonne silver (gt Ag) over 3.5 metres, 15.55 gt Au and 222 gt Ag over 1.1 metre and 11.93 gt Au and 190 gt Ag over 1.4 metres (see Table 1 below ) were obtained, with individual assays up to 27.6 gt Au and 366 gt Ag over 0.6 metres . The weighted average of mineralized composites within the raise assayed 6.43 gt Au and 110 gt Ag .

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Pinnacle Closes Oversubscribed Non-Brokered Private Placement

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA, August 7, 2025 TheNewswire - (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that, further to Company news releases of July 14 and 25, 2025, it has closed its non-brokered private placement to raise gross proceeds of $1,686,608 (the "Offering"). Due to strong investor demand, the Offering was oversubscribed and now consists of 28,110,134 units (the "Units"), with each Unit, priced at $0.06, comprising one common share ("Share") in the capital of the Company and one-half share purchase warrant ("Warrant"). Each whole Warrant shall be convertible into an additional Share at an exercise price of $0.10 for a period of 24 months from the date of issuance. Finder's fees consisting of $20,622 in cash commission and 343,700 non-transferable finder's warrants were paid in connection with the offering. Each finder's warrant entitles the holder to acquire one common share at $0.10 cents per share over a 24-month period.

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Pinnacle Increases Non-Brokered Private Placement

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA, July 25, 2025 TheNewswire - (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that, due to strong investor demand, it is increasing its non-brokered private placement announced on July 14, 2025 to now raise gross proceeds of up to $1,650,000 (the "Offering"). The Offering will now consist of up to 27,500,000 units (the "Units") with each Unit, priced at $0.06, comprising one common share ("Share") in the capital of the Company and one-half share purchase warrant ("Warrant"). Each whole Warrant shall be convertible into an additional Share at an exercise price of $0.10 for a period of 24 months from the date of issuance. Finder's fees consisting of 7 per cent in cash commission and 7 per cent in non-transferable finders' warrants may be paid in connection with the offering. Each finder's warrant entitles the holder to acquire one common share at $0.10 cents per share over a 24-month period.

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Pinnacle Clarifies Previous News Release

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA TheNewswire - July 22, 2025 (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") announces that it is clarifying its previous news release at the request of CIRO. The Company's continuing underground channel sampling in the historic Pinos Cuates mine at the El Potrero Project in Durango, Mexico has returned multiple high-grade assays up to 85.1 gramstonne gold (gt Au) and 520 gramstonne silver (gt Ag) over 0.5 metres . A raise (inclined tunnel) between the main and upper levels of the mine provided additional access to the highest grade portion of the vein reported in Pinnacle news release of June 2, 2025 that returned composite channel assays of up to 19.4 gt Au and 266 gt Ag over 4.1 metres.

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Pinnacle Samples up to 85.1 g/t Gold and 520 g/t Silver at El Potrero

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA, July 22, 2025 TheNewswire - (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that continuing underground channel sampling in the historic Pinos Cuates mine at the El Potrero Project in Durango, Mexico has returned multiple high-grade assays up to 85.1 gramstonne gold (gt Au) and 520 gramstonne silver (gt Ag) over 0.5 metres . A raise (inclined tunnel) between the main and upper levels of the mine provided additional access to the highest grade portion of the vein reported in Pinnacle news release of June 2, 2025 that returned composite channel assays of up to 19.4 gt Au and 266 gt Ag over 4.1 metres.

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Locksley Resources Limited Significant Enlargement of Exploration Program

Perth, Australia (ABN Newswire) - Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is pleased to advise that the Company is advancing a significant expansion to its exploration program, given the substantial increase in its landholding abutting MP Materials and identification of additional historical workings across the project areas.

Highlights

- Post the substantial expansion of Locksley's claim portfolio, the Company has determined that it will significantly increase the scale and accelerate the pace of its exploration program

- The expanded program will be focused upon exploring both the existing antimony and rare earths elements prospects, plus targeting additional commodities that have been identified on Locksley's larger land holding

- Post the evaluation of recent field activities Locksley will provide the market with a detailed outline of the expanded exploration program

- A substantial historical shaft has been discovered during a surface geological and structural mapping campaign recently undertaken at Mojave

- Shaft depth and the extent of underground workings is being evaluated, but is estimated at >15m and the Company is determining the composition of the commodities that were mined

- Vein orientation striking NNE, similar to that at the Desert Antimony Prospect, supports the developing geological interpretation of multiple NNE striking structures across the Mojave Project

- Grab samples collected from the prospect being submitted for laboratory analysis

- Locksley hosts broker and analyst site visit at Mojave

Expanded and Accelerated Exploration Program

Given the combination of the significant increased land holding and the potential for other commodities to be present (as confirmed from the discovery of an additional shaft on the Mojave Project), Locksley has elected to expand its exploration activities. The Company has commenced the planning process for these expanded activities and will advance these undertakings in the coming weeks.

Geological Mapping & Historical Mining

Locksley has recently undertaken multiple rounds of field mapping to increase the understanding of the Mojave Project. During the most recent field mapping campaign, Locksley's geologists have discovered a historical shaft in the core of the North Block whilst mapping the area for REE potential.

The extent of the workings seen in the vicinity indicates that a substantial shaft (estimated potentially >15m depth) has been mined. Initial grab sampling has been completed with the aim of determining what commodities were extracted. These newly discovered historical workings provide a new exploration target (named Hendricks) for Locksley.

The broader geological mapping has been completed, and the prioritised mapping of the NE and SW extensions from the Desert Antimony Mine, the western limits of the North Block claims (which lie due north of the Mountain Pass Mine) and the North Block REE target (where the shaft was discovered). The field geologists are compiling their mapping data and will incorporate the findings into the broader geological understanding and targeting for a follow up field sampling campaign.

Broker and Analyst Site Visit

Locksley hosted a site visit for brokers and analysts at the Mojave Project on Saturday, 13th September, following the substantial increase in its landholding abutting MP Materials. The visit provided key stakeholders with first hand exposure to the scale of Locksley's expanded tenure and the planned drilling at the Desert Antimony Mine and El Campo. The field trip underscored the strong geological potential across the project portfolio and highlighted the Company's commitment to advancing exploration and development activities in one of the most strategic critical mineral regions in the United States.

Pat Burke, Chairman of Locksley Resources, commented:

"The substantial expansion of our landholding within the Mojave Critical Minerals Corridor marks a pivotal step in Locksley's growth. The site visit with brokers and analysts provided an excellent opportunity to showcase not only the scale of our tenure, but also the strategic importance of our position alongside MP Materials. With the U.S. Government increasingly focused on securing domestic supply chains for critical minerals, Locksley is well placed to deliver a mine-to-market solution for antimony and rare earths. We look forward to progressing our exploration program and building long-term value for our shareholders."

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/0SKL75LX

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials' claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic "Desert Antimony Mine", which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley's North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley's Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

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Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

(TheNewswire)

VANCOUVER September 12, 2025 TheNewswire - Providence Gold Mines Inc. ("Providence" or the "Company") is pleased to announce a non brokered Unit Private Placement Financing of up to $250,000 through the issuance of 5,000,000 units oof the Company (each a "Unit") the ("Private Placement"). Each Unit will consist of one Common Share and one full Warrant exercisable for a period of two years. The Unit is priced at $0.05 for one Common Share in the Capital of the Company (a "Common Share") and one nontransferable full Warrant. Each nontransferable Warrant will entitle the holder to purchase one additional Common Share at a price of $0.05 for a period of 24 months from the date of closing of the Private Placement will be subject to the approval of the TSXV.

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Rio Silver arranges $1.3M private placement

Vancouver, British Columbia September 11, 2025 Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) announces private placement of units. Rio Silver Inc. has arranged a non-brokered private placement financing of up to 13 million units at $0.10 per unit for gross proceeds of up to $1.3-million.

Each unit consists of one common share and one transferable warrant. Each whole warrant is exercisable into one common share at 15 cents per share for three years from closing. If, following the final closing date of the private placement, the company's common shares close at or above 25 cents on the TSX Venture Exchange (or such other exchange on which the shares may trade) for 15 consecutive trading days, the company may accelerate the warrant expiry date by issuing a news release. The warrants would then expire 30 days from the date of that notice.

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Sample Numbers	Composite No.	Composite Length (m)	Au g/t	Ag g/t
EPUG25507-25510	2	2.0	7.27	63
EPUG25511-25514	3	1.9	2.02	50
EPUG25516-25518 and 25521-25523	4	2.9	4.95	116
EPUG25524-25529	5	3.2	6.43	119
EPUG25530-25532	6	1.8	6.23	106
EPUG25538-25539	8	1.7	2.08	45
EPUG25541-25543	9	2.6	2.15	58
EPUG25544-25549	10	3.5	11.20	179
EPUG25550-25551	11	1.3	4.95	100
EPUG25552-25553	12	1.1	15.55	222
EPUG25556-25557	13	1.4	11.93	190

Sample No.	Sample Length (m)	Composite No.	Composite Length (m)	Au g/t	Ag g/t
EPUG25421	1.0	13	1.0	34.6	228
EPUG25422	0.5	14		85.1	520
EPUG25423	0.6	14		30.5	143
EPUG25424	0.6	14		41.1	187
		14	1.7	50.3	269
EPUG25425	0.8	15		7.8	59
EPUG25426	0.6	15		24.1	288
EPUG25427	0.7	15		5.8	138
EPUG25428	0.7	15		17.4	327
EPUG25429	0.7	15		4.0	38
EPUG25430	0.7	15		2.3	31
		15	4.2	9.8	141
EPUG25431	0.5	16		10.7	214
EPUG25432	0.5	16		15.0	256
EPUG25433	0.8	16		2.7	52
		16	1.8	8.3	154

Sample No.	Sample Length (m)	Composite No.	Composite Length (m)	Au g/t	Ag g/t	Au Eq g/t (1)	Ag Eq g/t (1)
EPUG25421	1.0	13	1.0	34.6	228	37.2	3,273
EPUG25422	0.5	14		85.1	520
EPUG25423	0.6	14		30.5	143
EPUG25424	0.6	14		41.1	187
		14	1.7	50.3	269	53.4	4,696
EPUG25425	0.8	15		7.8	59
EPUG25426	0.6	15		24.1	288
EPUG25427	0.7	15		5.8	138
EPUG25428	0.7	15		17.4	327
EPUG25429	0.7	15		4.0	38
EPUG25430	0.7	15		2.3	31
		15	4.2	9.8	141	11.5	1,077
EPUG25431	0.5	16		10.7	214
EPUG25432	0.5	16		15.0	256
EPUG25433	0.8	16		2.7	52
		16	1.8	8.3	154	10.1	887

Pinnacle Provides Updates on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico, and on Canada Postal Strike and Mailing of the Company's 2024 Annual General Meeting Materials

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El Potrero Gold-Silver Project

Argosy Gold Mine

North Birch Gold Project

Management Team

Robert Archer - President, CEO and Director

David Cross - CFO

Colin Jones - Independent Director

David Salari - Independent Director

Ron Schmitz - Independent Director

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