OR Dissemination IN OR into the United States
SMR Announces the Appointment of Vice
President, Finance
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO
THE UNITED STATES
/
TORONTO
,
Oct. 1, 2025
/CNW/ - Silver Mountain Resources Inc. ("Silver Mountain" or the
"Company") (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) is pleased to announce the
appointment of Mr.
Claudio Cubillas
as Vice President, Finance, effective
October 1, 2025
.
Mr. Cubillas is a seasoned executive with over 16 years of progressive experience in the mining
sector, spanning corporate finance, project control, and mine operations . Most recently, he served
as General Manager of Sociedad Minera Corona S.A., a subsidiary of Sierra Metals Inc., where he
successfully led a turnaround strategy that restored profitability, strengthened liquidity, and improved
operational stability. In this role, he demonstrated strong capabilities in financial planning, cost
control, project execution, and operational management in underground mining environments. Mr.
Cubillas also held senior finance positions at Sierra Metals Inc., where he was responsible for
corporate financial planning, debt refinancing, and supporting crisis management initiatives. Earlier in
his career, Mr. Cubillas worked in investment banking, advising Latin American companies on capital
raising and debt structuring.
As Vice President, Finance, Mr. Cubillas will be based in
Peru
and will provide direct support to the
Company's Chief Financial Officer, overseeing local financial operations, strengthening internal
controls, and advancing the Company's financial planning as it continues to progress the
development of its Reliquias Project in Huancavelica,
Peru
.
"We are delighted to welcome Claudio to our leadership team. His expertise in finance, project
control, mine operations, and investment banking will be instrumental in enhancing our financial
management capabilities and supporting the execution of the Reliquias Project," said
Alvaro
Espinoza
, Chief Executive Officer of Silver Mountain.
In connection with his appointment, Mr. Cubillas was granted an aggregate of 30,000 options to
acquire class A common shares of the Company ("Options"). The Options are exercisable at a price
of
$3.25
per share for a period of 5 years.
About Silver Mountain Resources Inc.
Silver Mountain Resources Inc. is a Canadian mining company focused on the exploration and
development of silver projects in
Peru
. The Company's principal asset is the Reliquias Project, a
past-producing silver mine located in the Castrovirreyna district of Huancavelica. Silver Mountain is
committed to creating long-term value for its shareholders through responsible mining, strong
community engagement, and sustainable development practices.
www.agmr.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the
meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to
Silver Mountain's current expectations and views of future events. Any statements that express or
involve discussions as to expectations, beliefs, plans, objectives, assumptions, or future events or
performance (often, but not always, through the use of words or phrases such as "will likely result,"
"are expected to, "expects", "will continue," "is anticipated," "anticipates," "believes," "estimated,"
"intends," "plans," "forecast," "projection," "strategy," "objective" and "outlook") are not historical
facts and may be forward-looking statements and may involve estimates, assumptions, and
uncertainties which could cause actual results or outcomes to differ materially from those expressed
in such forward-looking statements. No assurance can be given that these expectations will prove to
be correct, and such forward-looking statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of
risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are disclosed in or implied by such
forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors
set forth under "Caution Regarding Forward-Looking Statements" and "Risk Factors" in the
Company's Annual Information Form dated
July 17, 2025
, and other disclosure documents available
on the Company's profile on SEDAR+ at
www.sedarplus.ca
. Silver Mountain undertakes no
obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by law. New factors emerge
from time to time, and it is not possible for Silver Mountain to predict all of them or assess the
impact of each such factor or the extent to which any factor, or combination of factors, may cause
results to differ materially from those contained in any forward-looking statement. Any forward-
looking statements contained in this news release are expressly qualified in their entirety by this
cautionary statement.
SOURCE
Silver Mountain Resources Inc.
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For further information:
For further information, please contact: Alvaro Espinoza, Chief Executive
Officer, Silver Mountain Resources Inc., 82 Richmond Street East, Toronto, ON M5C 1P1, +51 997
377 968, [email protected]
CO: Silver Mountain Resources Inc.
CNW 21:02e 01-OCT-25