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CAPT.V ·

Capitan Silver Commences Trading on the OTCQX Market Under Symbol "CAPTF"

Listings & Exchange

Capitan Silver Commences Trading on the

OTCQX Market Under Symbol "CAPTF"

Vancouver, British Columbia--(Newsfile Corp. - March 26, 2026) -

Capitan Silver Corp. (TSXV: CAPT)

(OTCQX: CAPTF) ("Capitan" or "the Company")

is pleased to announce that

OTCMarkets Group

Inc.

(OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities,

has qualified Capitan to trade on the OTCQX® Best Market. Capitan Silver Corp. upgraded to OTCQX

from the OTCQB® Venture Market.

Capitan Silver Corp. will begin trading today on OTCQX under the symbol "CAPTF".

The Company's

common shares continue to trade on the TSX Venture Exchange in Canada under the symbol "CAPT".

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on

www.otcmarkets.com

.

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To

qualify for OTCQX, companies must meet high financial standards, follow best practice corporate

governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX

Market from the OTCQB Market marks an important milestone for companies, enabling them to

demonstrate their qualifications and build visibility among U.S. investors.

Alberto Orozco, CEO of Capitan Silver, commented:

"We are pleased to be upgrading to the OTCQX Market, which we expect will provide Capitan with

enhanced access and visibility among U.S. investors, as well as increased liquidity. This graduation

comes at an exciting time in Capitan's growth trajectory, as we have launched the largest drill program

in the Company's history with the goal of further growing our high-grade Cruz de Plata silver-gold

project at depth and demonstrating the large-scale potential of the asset."

About Capitan Silver Corp.

Capitan Silver is defining a new high-grade silver system at its Cruz de Plata project, located in the heart

of Mexico's primary silver belt. The Company is led by a proven and accomplished management team

that has previously advanced three projects into production, on time and on budget. The Company has

been diligent in maintaining a tight share structure and has one of the tightest share structures among its

peer group, with the top three shareholders owning approximately 37% of the Company's share capital.

Capitan Silver is fully funded and actively drilling at its Cruz de Plata silver project.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and

international securities. Our data-driven disclosure standards form the foundation of our public markets:

OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market.

Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-

dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the

U.S. financial markets.

OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS,

operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more

about how we create better informed and more efficient markets, visit

www.otcmarkets.com

.

ON BEHALF OF CAPITAN SILVER CORP.

"Alberto Orozco"

Alberto Orozco, CEO

For Additional Information Contact:

Alberto Orozco, CEO

Capitan Silver Corp.

[email protected]

Greg DiTomaso, Investor Relations

Capitan Silver Corp.

[email protected]

Phone: (416) 433-2801

www.capitansilver.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain statements contained in this news release constitute

"

forward-looking statements

"

within the

meaning of applicable Canadian securities legislation (collectively,

"

forward-looking statements

"

). All

statements, other than statements of historical fact, contained in this news release are forward-looking

statements. These forward-looking statements, by their nature, require Capitan to make certain

assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual

results to differ materially from those expressed or implied in these forward-looking statements.

Forward-looking statements are not guarantees of future performance.

Forward-looking statements may be identified by the use of words or phrases such as

"

may

"

,

"

will

"

,

"

would

"

,

"

could

"

,

"

should

"

,

"

expect

"

,

"

believe

"

,

"

plan

"

,

"

anticipate

"

,

"

intend

"

,

"

estimate

"

,

"

continue

"

,

"

objective

"

,

"

potential

"

,

"

target

"

,

"

strategy

"

,

"

project

"

,

"

forecast

"

,

"

outlook

"

,

"

scheduled

"

,

"

seek

"

,

"

explore

"

and other similar terminology, as well as terms usually used in the future and the conditional, and the

negatives thereof, or comparable terminology, are intended to identify forward-looking statements. In

particular, but without limiting the foregoing, this news release contains forward-looking statements with

respect to: expectations regarding the Company's 2026 drilling program at the Cruz de Plata project,

including the planned 60,000-metre multi-rig program; anticipated timing and results of future assay

results; the potential scale, continuity, and grade of mineralization at the Cruz de Plata project; the

potential to expand known zones of mineralization; the prospectivity of the Cruz de Plata project and its

exploration potential; management's beliefs regarding the mineralized system at Cruz de Plata; and the

Company's strategy and exploration objectives.

The forward-looking statements contained in this news release are based upon certain material

assumptions that were applied in drawing a conclusion or making a forecast or projection, including

assumptions and expectations regarding: the continued validity of exploration results and geological

interpretations; the ability to complete planned exploration programs on time and within budget; the

availability of financing for future exploration and development activities; commodity prices remaining at

levels that support continued exploration; the ability to obtain and maintain all necessary permits and

approvals; the accuracy of current mineral resource estimates; the continuity of mineralization between

drill holes; and general economic and business conditions. Although the Company believes that the

assumptions underlying these forward-looking statements are reasonable, they may prove to be

incorrect, and the Company cannot assure investors that actual results will be consistent with these

forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Company to be materially different from

any future results, performance or achievements expressed or implied by the forward-looking

statements. Such risks and uncertainties include, but are not limited to: exploration and development

risks, including risks related to the interpretation of geological data and exploration results; the

uncertainty of mineral resource estimates; risks inherent in the mining industry including environmental

hazards, industrial accidents, unusual or unexpected geological formations, pressures, cave-ins,

flooding, and the risk of inadequate insurance or inability to obtain insurance; fluctuations in commodity

prices; currency exchange rate fluctuations; risks related to obtaining and maintaining necessary permits

and licenses; risks related to the Company's title to its mineral properties; risks related to the political

and economic climate in Mexico; regulatory changes; reliance on key personnel; competition in the

mining industry; risks related to the Company's ability to raise additional capital; dilution to existing

shareholders; risks related to global economic conditions and market volatility; environmental risks and

hazards; and other risks and uncertainties described in the Company's public filings.

The foregoing list of risks and uncertainties is not exhaustive. For a more complete discussion of the risk

factors affecting the Company, readers are encouraged to review the Company's filings available on

SEDAR+ (

www.sedarplus.ca

) under the Capitan's issuer profile.

Although the Company has attempted to identify important factors that could cause actual actions, events

or results to differ materially from those described in forward-looking statements, there may be other

factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are made as of the date of this news release and the

Company disclaims any obligation to update any forward-looking statements, whether as a result of new

information, future events or results or otherwise, except as required by applicable securities laws. There

can be no assurance that forward-looking statements will prove to be accurate, as actual results and

future events could differ materially from those anticipated in such statements. Accordingly, readers

should not place undue reliance on forward-looking statements.

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. No stock exchange, securities commission or other regulatory

authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/289949