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Friday, October 23, 2026 Admin

AGH.H.V ·

CanadianSilverHunterInc.ClosesInitialPublicOffering,RaisingTotalGross Proceedsof$2,500,000 

Financings

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� Canadian�Silver�Hunter�Inc.�Closes�Initial�Public�Offering,�Raising�Total�Gross� Proceeds�of�$2,500,000�

� Toronto,�Ontario�(July�28,�2011):�Canadian�Silver�Hunter�Inc.�(TSXV:�AGH)�(the�““Corporation””)�is�pleased� to�announce�that�today�it�has�completed�an�Initial�Public�Offering�(the�““Offering””)�and�that�its�common� shares�are�expected�to�commence�trading�on�the�TSX�Venture�Exchange�(““TSXV””)�under�the�symbol� ““AGH””�on�or�about�Wednesday,�August�3,�2011.�The�offering�raised�total�gross�proceeds�of�$2,500,000� through�the�Corporation’’s�agent,�All�Group�Financial�Services�Inc.�(the�““Agent””).� � On�July�14,�2011,�the�Corporation�filed�a�final�prospectus�in�the�provinces�of�Alberta,�British�Columbia� and�Ontario,�and�had�earlier�received�conditional�approval�to�list�the�Corporation’’s�common�shares�on� the�TSXV.�A�copy�of�the�Corporation’’s�prospectus�can�be�viewed�on�SEDAR�(www.sedar.com).� � Pursuant�to�the�Offering,�the�Corporation�raised�total�gross�proceeds�of�$2,500,000�through�the� issuance�of�10,000,000�units�(each,�a�““Unit””)�at�a�price�of�$0.25�per�Unit�(the�““Issue�Price””).�Each�Unit�is� comprised�of�one�common�share�of�the�Corporation�(each,�a�““Share””)�and�one�half�of�a�Share�purchase� warrant�(each�whole�such�warrant,�a�““Warrant””),�each�Warrant�entitling�the�holder�thereof�to�purchase� one�additional�Share�at�a�price�of�$0.50�per�Share�at�any�time�on�or�before�5:00�p.m.�(Toronto�time)�on� July�26,�2013.�If�the�closing�price�of�the�Shares�on�the�TSXV�is�greater�than�$0.60�per�Share�for�a�period� of�20�consecutive�trading�days�at�any�time�following�the�issuance�of�the�Warrants,�the�Corporation�may� accelerate�the�expiry�date�of�the�Warrants�by�issuing�a�press�release�announcing�the�reduced�warrant� term,�whereupon�the�Warrants�will�expire�on�the�30th�calendar�day�after�the�date�of�such�press�release.� A�cash�commission�of�$150,000�was�paid,�and�600,000�Agent’’s�Warrants�were�issued�to�the�Agent�and� certain�sub�agents.�Each�such�Agent’’s�Warrant�entitles�the�holder�to�purchase�one�Unit�at�a�price�of� $0.25�per�Unit�until�July�26,�2013.� � 5,000,000�Shares�held�by�Principals�of�the�Corporation,�and�1,300,000�Shares�held�by�non�Principals� prior�to�completion�of�the�Offering�will�be�held�in�escrow;�10%�of�such�Shares�will�be�released�upon�the� Corporation’’s�Shares�being�listed�on�the�TSXV,�and�15%�every�six�months�thereafter,�subject�to�certain� adjustment�provisions�as�set�out�in�the�respective�escrow�agreements.� � The�Corporation�now�has�a�total�of�18,188,000�Shares�issued�and�outstanding,�an�additional�5,900,000� Shares�are�subject�to�issuance�pursuant�to�outstanding�Warrants�and�Agent’’s�Warrants,�and�an� additional�750,000�Shares�are�subject�to�issuance�pursuant�to�outstanding�stock�options�granted�as�of� today’’s�date�as�disclosed�below,�for�a�total�of�24,838,000�Shares�on�a�fully�diluted�basis.� � The�net�proceeds�to�the�Corporation�raised�pursuant�to�the�Offering�will�be�used�to�conduct�an� extensive�two�phase�exploration�program�on�the�Corporation’’s�Keeley�Frontier�silver�project,�as�well�as� for�general�working�capital�purposes.�The�Keeley�Frontier�project�is�100%�owned�by�the�Corporation�and� consists�of�thirteen�contiguous,�patented�(surveyed)�mining�claims�covering�a�surface�area�of�174.29� hectares�in�South�Lorrain�Township,�Larder�Lake�Mining�Division,�Ontario,�and�on�which�operating�mines� were�once�situated�that�produced�silver,�cobalt�and�nickel.����� � The�recommended�two�phase�exploration�program�on�the�Keeley�Frontier�project�will�include�diamond� drilling,�geological�surveying,�and�compilation�work�of�defined�targets.�The�proposed�two�phase�budget� for�exploration�on�the�Keeley�Frontier�project�is�estimated�to�cost�a�total�of�approximately�$1.6�million.� The�net�proceeds�of�the�Offering�will�be�used�for�the�completion�of�Phase�I�in�the�amount�of� approximately�$600,000,�and�approximately�$900,000�for�the�partial�completion�of�Phase�II,�the� completion�of�which�is�expected�to�cost�an�additional�$100,000.� � The�officers�and�directors�of�the�Corporation�are�Jeffrey�Hunter�(President,�Chief�Executive�Officer,� Secretary�and�a�Director),�Carmelo�Marrelli�(Chief�Financial�Officer),�Douglas�Flett�(Director),�and�Robert� Gordon�(Director).�Further�to�its�press�release�dated�July�18,�2011,�the�Corporation�also�announces�that� the�board�of�directors�of�the�Corporation�have�granted�today�to�certain�officers,�directors,�and� employees�of�the�Corporation�stock�options�exercisable�for�an�aggregate�of�750,000�Shares�of�the� Corporation,�at�an�exercise�price�of�$0.25�per�Share�for�a�period�of�five�years�from�the�date�of�grant.� � Jeffrey�Hunter,�President�and�Chief�Executive�Officer�of�the�Corporation,�said�““I�would�like�to�thank�our� Board�of�Directors�and�management�team,�and�our�agent�All�Group�Financial�Services�Inc.�for�all�of�their� hard�work�and�support.�We�would�like�to�welcome�all�new�shareholders�and�look�forward�to�developing� lasting�relationships�as�we�actively�explore�the�Keeley�Frontier�silver�project.””�

� For�further�information�please�contact:�

� Canadian�Silver�Hunter�Inc.� � Jeffrey�Hunter� President�and�CEO� Tel:�(416)�707�4230�� E:�[email protected]� � CAUTIONARY�STATEMENT:�Neither�the�TSX�Venture�Exchange�nor�its�Regulation�Services�Provider�(as�that�term�is� defined�in�the�policies�of�the�TSX�Venture�Exchange)�accepts�responsibility�for�the�adequacy�or�accuracy�of�this� release.�This�news�release�contains�forward�looking�information�which�is�not�comprised�of�historical�facts.� Forward�looking�information�involves�risks,�uncertainties�and�other�factors�that�could�cause�actual�events,�results,� performance,�prospects�and�opportunities�to�differ�materially�from�those�expressed�or�implied�by�such�forward� looking�information.�Forward�looking�information�in�this�news�release�includes,�but�is�not�limited�to,�the� Corporation's�objectives,�goals�or�future�plans,�and�the�listing�on�the�TSXV.�Factors�that�could�cause�actual�results� to�differ�materially�from�such�forward�looking�information�include,�but�are�not�limited�to,�those�risks�set�out�in�the� Corporation's�public�documents�filed�on�SEDAR.�Although�the�Corporation�believes�that�the�assumptions�and� factors�used�in�preparing�the�forward�looking�information�in�this�news�release�are�reasonable,�undue�reliance� should�not�be�placed�on�such�information,�which�only�applies�as�of�the�date�of�this�news�release,�and�no�assurance� can�be�given�that�such�events�will�occur�in�the�disclosed�time�frames�or�at�all.�The�Corporation�disclaims�any� intention�or�obligation�to�update�or�revise�any�forward�looking�information,�whether�as�a�result�of�new� information,�future�events�or�otherwise,�other�than�as�required�by�law.� � �