Blende Silver Corp. (the “Company”) (TSX-V: BAG) announces it is not proceeding

BLENDE SILVER CORP.

1100 - 1111 MELVILLE ST

VANCOUVER, B.C. CANADA V6E 3V6

TELEPHONE: 604-669-6463

BLENDESILVER.COM

TSX-V Stock Symbol: BAG

January 5, 2026

Vancouver, Canada – Blende Silver Corp. (the “Company”) (TSX-V: BAG) announces it is not proceeding

with the stock option grant announced January 2, 2026.

For further information please contact:

BLENDE SILVER CORP.

“Andrew H. Rees”

Andrew H. Rees, Director

Tel: 604-669-6463

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 certain forward-looking statements which involve known and unknown risks, delays, and uncertainties

not under the control of Blende Silver Corp. which may cause actual results, performance or achievements of Blende Silver Cor p.

to be materially different from the results, performance or expectation implied by these forward -looking statements. By their

nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that wi ll or

may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand

and pricing, currency exchange rates, and, but not limited to, general economic factors