Blende Silver Corp. Announces Private Placement

Blende Silver Corp.

804 –750 WEST PENDER STREET

VANCOUVER, B.C. CANADA V6C 2T7

TELEPHONE: 604-682-2928

FAX: 604-685-6905

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Blende Silver Corp. Announces Private Placement

April 26, 2022

Vancouver, BC – Blende Silver Corp. (the “Company”) (TSXV: BAG ) announces a non-

brokered private placement to raise up to $1, 500,000 through the issuance of up to 30,000,000

units (“Unit”) at a price of $0.05 per each Unit . Each Unit will be compri sed of one common

share and one full share purchase warrant (a “Warrant”). Each Warrant is exercisable to

purchase one common share of the Company at a price of $0.10 per share for a period of 4

years from the date of closing of the financing.

It is anticipated that insiders will be participating in the private placement . Thus the placement

constitutes a “related party transaction” within the meaning of TSX Venture Exchange Policy 5.9

and Multilateral Instrument 61-101 - Protection of Minority Securi ty Holders in Special

Transactions (“MI 61-101”) adopted in the Policy. The Company will rely on exemptions from

the formal valuation and minority shareholder approval requirements of MI 61-101 contained in

sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the

placement as neither the fair market value (as det ermined under MI 61- 101) of the subject

matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved

the related parties, will exceed 25% of the Company’s market capitalization (as determined

under MI 61-101).

Proceeds from the private placement will be used to advance the Blende proper ty and for

general working capital.

The private placement is subject to TSX Venture Exchange approval and all securities are

subject to a four month hold period. Finder’s fees may be payable in connection with the private

placements, all in accordance with the policies of the TSX Venture Exchange.

About Blende Silver Corp.

Blende Silver Corp. is a Vancouver -based junior resource company focused on silver -

zinc-lead exploration and development at the company’s flagship Blende Deposit in

north-central Yukon. The 100% owned property is the largest carbonate- hosted Ag-Zn-

Pb deposit in Yukon and one of the largest undeveloped Ag -Zn-Pb deposits in Western

Canada. It is winter -road accessible, 5,345 ha and situated 63 km northeast of Keno

Hill, Yukon. The property has had more than $9.2M in past exploration ($5.2M by

Blende Silver); including 25,195 meters of drilling in 132 drillholes.

For further information please contact:

Blende Silver Corp.

“Andrew H. Rees”

Andrew H. Rees, Director

Tel: 604-505-3739

This press release does not constitute or form a part of any offer or solicitation to purc hase or subscribe

for securities in the United States. The securities referred to herein have not been and will not be

registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities

regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold,

directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such

term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an

exemption from or in a transaction not subject to the registration requirements of the Securities Act.

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.