Prince Silver Closes Upsized $4.75 Million Private Placement

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VANCOUVER, BC / ACCESS Newswire / February 10, 2026 / Prince Silver Corp. (CSE:PRNC)(OTCQB:PRNCF)(Frankfurt:T130) ("Prince Silver" or the "Company") is pleased to announce that it has closed its previously announced upsized non-brokered private placement for total gross proceeds of $4,750,000 (the "Offering").

In connection with the closing, the Company issued an aggregate of 6,785,713 units (the "Units") at a price of $0.70 per Unit. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at an exercise price of $1.00 for a period of two years from the date of issuance.

The warrants are subject to an acceleration clause, whereby if the closing price of the Company's common shares equals or exceeds $1.40 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants to a date that is not less than 30 days following notice to warrant holders via news release, or such later date as stated in such news release. All securities issued under the Offering are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

Derek Iwanaka, CEO and Director of Prince Silver Corp., commented:

"This upsized financing places Prince in a very strong position. With a treasury of over $8 million, we are now fully funded for a second phase of reverse circulation exploration and infill drilling this year, while also advancing toward a maiden mineral resource estimate and ongoing metallurgical work. The strong participation from our founders and insiders reflects the confidence in the scale and potential of the Prince Silver Project."

The net proceeds from the Offering will be used to advance the second phase of drilling at the Prince Silver Project, complete a maiden mineral resource estimate, conduct ongoing metallurgical work, and for general working capital purposes. Finders' fees may be paid in accordance with applicable securities laws and exchange policies.

About Prince Silver Corp.

Prince Silver Corp. is a silver exploration company advancing its past-producing Prince Silver-Zinc-Manganese-Lead Mine in Nevada, USA. Featuring near-surface mineralization that was historically drill tested by over 129 holes and is open in all directions, the Prince Project offers a clear path toward a maiden 43-101 compliant resource estimate. The Company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest of the Prince Silver Project, highlighting Prince Silver's focus on high-potential, strategically located exploration assets.

On Behalf of the Board of Directors

Derek Iwanaka, CEO & Director
Tel: 604-928-2797
Email: info@princesilvercorp.com
Website: www.princesilvercorp.com

Forward-Looking Information

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: ongoing and proposed drill programs, amendments to the Company's website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, receipt of all applicable regulatory approvals and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities 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 state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: Prince Silver Corp.