First Andes Silver Receives Community Agreements FOR Santas Gloria Drill Program, PERU
FIRST ANDES SILVER RECEIVES COMMUNITY AGREEMENTS FOR SANTAS GLORIA DRILL PROGRAM,
PERU
Vancouver, British Columbia – April 20, 2026 – FIRST ANDES SILVER LTD. (TSXV: FAS; OTC Markets: FASLF;
FSE: 9TZ 0) (“First Andes” or the “Company”) is pleased to announce that it has received all required
Community Agreements (the “Agreements”) to support the Company’s planned 2026 drill program at its
100%-owned Santas Gloria Project (“Santas Gloria” or the “Project”), located approximately 55 kilometres
east of Lima, Peru
Key Points Summary
• Notarized Agreements with two communities adjacent to Santas Gloria, providing surface access
and land use rights for the planned 2026 drill program;
• Comunidad Campesina de San Andrés de Tupicocha Agreement is valid until July 2028, and the
Comunidad Campesina de Concha Agreement is valid until February 2028;
• First Andes maintains strong relations and local support for ongoing and future exploration
initiatives with the communities’ leadership and members;
• Marks a major step forward in the permitting process, which has now progressed to
environmental baseline studies and the subsequent Ficha Técnica Ambiental (“FTA”) submission;
• Final drill permits anticipated in approximately 3-4 months.
“Receipt of Community Agreements from San Andrés de Tupicocha and Concha marks a critical milestone
for First Andes as we advance Santas Gloria toward its next phase of drilling,” stated Colin Smith, CEO and
Director of First Andes Silver. “We are grateful for the continued support and collaboration of the local
communities, which reflects the strength of our engagement approach and a shared commitment to
responsible exploration. With these Agreements in place, we are now focused on completing
environmental baseline studies and advancing the FTA submission, with the goal of ini tiating our next
phase of drilling in the coming months.”
Drill Permitting Update
First Andes has received notarized Agreements with the Comunidad Campesina de San Andrés de
Tupicocha and the Comunidad Campesina de Concha, which allow the Company to advance Santas Gloria
into the final stages of the drill permitting process. These Agree ments provide the necessary surface
access and community authorization to carry out exploration activities in accordance with applicable
regulations.
The Company is currently mobilizing field programs to complete environmental baseline studies and
finalize proposed drill platform locations, which will form the basis of the Ficha Técnica Ambiental (“FTA”)
submission, the key regulatory filing required to permit drilling activities in Peru.
Following submission, the FTA will undergo regulatory review and approval, including coordination with
relevant authorities and local communities. Based on current timelines, First Andes anticipates receipt of
final drill permits within approximately 3-4 months, positioning the Company to commence its next phase
of drilling at Santas Gloria in Q3 2026, subject to permitting timelines and approvals.
Qualified Person
Dr. Christopher Wilson, Ph.D., FAusIMM (CP), FSEG, FGS, a Qualified Person under National Instrument
43-101, has reviewed and approved the technical information contained in this news release. Dr. Wilson
is not independent and serves as Chief Geologist of First Andes Silver Ltd. and owns securities of the
Company.
About First Andes Silver Ltd.
First Andes Silver Ltd. is a discovery-focused resource company advancing the 100%-owned Santas Gloria
Project, a high -grade silver asset located 55 km east of Lima, Peru in one of the country’s most prolific
mining districts. The project lies within a well -endowed intermediate-sulphidation epithermal belt and
demonstrates district-scale potential with more than 12 km of mapped vein strike.
Using advanced WorldView -3 spectral analysis and systematic geochemical surveys, the Company has
delineated multiple kilometre -scale silver -in-soil anomalies across a large hydrothermal system that
remained historically undrilled prior to 2024. Following s uccessful 2024–2025 drilling that intersected
strong near-surface silver mineralization in 21 of 26 holes, First Andes is accelerating exploration in 2026
to expand the high-grade footprint at Santas Gloria.
In addition to Santas Gloria, the Company holds a portfolio of prospective silver exploration projects in
New South Wales, Australia.
For more information please contact:
Colin Smith, CEO & Director
Phone: 604 806-0626 (ext. 108)
E-mail: [email protected]
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management’s current
estimates, beliefs, intentions and expectations. They are not gu arantees of future performance. The
Company cautions that all forward-looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many of which are beyond the Company’s
control. Such factors incl ude, among other things: risks and uncertainties relating to Company’s limited
operating history, ability to obtain sufficient financing to carry out its exploration programs and the need
to comply with environmental and governmental regulations. According ly, actual and future events,
conditions and results may differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward -looking information. Except as required under applicable securities
legislation, the Com pany undertakes no obligation to publicly update or revise 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.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.