Blende Silver Corp. Closes Private Placement Raising Over $2.6 Million

VANCOUVER, CANADA — October 9, 2026 — Leads & Copy — Blende Silver Corp. has successfully closed its non-brokered private placement, raising gross proceeds of $2,672,500. The second tranche of this private placement generated $1,530,000 through the issuance of 5,000,000 Flow-Through units at $0.25 each and 1,400,000 Non Flow-Through units at $0.20 each. Each unit comprises one common share and one share purchase warrant, exercisable at $0.30 per share until October 13, 2028. All warrants are Non-Flow-Through. The funds will be allocated to the advancement of the Blende property and general working capital. All issued securities are subject to a four-month and one-day hold period, expiring on February 14, 2027.

Insider participation in the second tranche, totaling $629,500 from directors, officers, and a 10% shareholder, is classified as a “related party transaction” under Multilateral Instrument 61-101. However, this participation is exempt from formal valuation and minority shareholder approval requirements because neither the fair market value of the units acquired by insiders nor the consideration paid exceeds 25% of the Company's market capitalization.

The private placement incurred total finder's fees of $163,100 and the issuance of 702,800 non-transferable finder warrants. Specific details for tranche one finder's fees, including $75,600 in cash and 352,800 warrants paid to arm's length finders, were previously disclosed on September 17. These included payments to Haywood Securities Inc., PB Markets Inc., AB Cyprus Holding Ltd. (sole owner: Andreas Becker), Andreas Becker, Ventum Financial Corp., Mohammad Shaygan, and Research Capital Corporation, with details on cash amounts and exercisable warrants with varying prices and expiry dates.

Finder's fees for tranche two amounted to $87,500 in cash and 350,000 warrants paid to arm's length finders. These included Ventum Financial Corp., Glores Securities Inc., and Primary Capital Inc., with specified cash payments and warrants exercisable at $0.25 and expiring on October 13, 2028.

Blende Silver Corp. is a Vancouver-based resource company concentrating on the exploration and development of silver, zinc, and lead at its Blende Project in north-central Yukon. The 100%-owned property features a carbonate-hosted Ag-Zn-Pb mineral resource, noted in published literature as the largest of its kind in Yukon, based on information available as of its 1995 publication date. The property spans 5,345 hectares, is accessible via winter road, and is situated approximately 63 km northeast of Keno Hill, Yukon.

The Blende property is located within the Keno Hill silver district, recognized as one of Canada's historically high-grade silver producing areas, currently being advanced by Hecla Mining Company. Past exploration on the property has exceeded $9.2 million, with Blende Silver contributing $5.2 million, including 25,195 meters of drilling across 132 drill holes. The company has identified prospective areas for further exploration to the west, north, and east-southeast of the defined zones through a review of historical and recent data.

Source: Blende Silver Corp.