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Capitan Silver Completes C$6 Million Investment from Schroders

Financings

Capitan Silver Completes C$6 Million

Investment from Schroders

Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) -

Capitan Silver Corp. (TSXV:

CAPT)

("

Capitan

" or the "

Company

") is pleased to announce, further to its news release dated

December 23, 2025 (entitled

"Capitan Silver to Receive C$6 Million Investment from Schroders"

), that

Capitan has completed its investment from Schroder Investment Management Limited acting as agent

on behalf of one of its UCITS funds ("

Schroders

").

Pursuant to the investment, Schroders purchased, on a non-brokered private placement basis,

2,955,665 common shares of the Company (the "

Common Shares

") at a price of C$2.03 per Common

Share for gross proceeds to the Company of C$5,999,999.95 (the "

Schroders Investment

").

The Schroders Investment together with the recently completed $23 million "bought deal" offering under

the 'listed issuer financing exemption' (the "

LIFE Offering

"), resulted in the Company raising equity of

approximately $29 million in December 2025 through the issuance of an aggregate of 14,288,915

Common Shares at an issue price of C$2.03 per Common Share. For details on the LIFE Offering, see

news release of the Company dated December 17, 2025 and entitled "Capitan Silver Announces

Closing of C$23 Million Bought Deal Financing, Including Full Exercise of the Underwriters' Option"

.

The net proceeds of the Schroders Investment are expected to be used to fund exploration activities at

the Company's Cruz de Plata silver-gold project and for working capital and general corporate purposes.

The Common Shares issued under the Schroders Investment will be subject to a four (4) month statutory

hold period in Canada in accordance with applicable Canadian securities laws. The Schroders

Investment remains subject to the final approval of the TSX Venture Exchange. A cash finder's fee in the

aggregate amount of 6% may be paid to Stifel Canada, TD Securities Inc., BMO Capital Markets and

Canaccord Genuity Corp. in connection with the Schroders Investment.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be

any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be

unlawful, including any of the securities in the United States. The securities described herein have not

been, and will not be, registered under the U.S. Securities Act or any state securities laws and may not

be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in

Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and

applicable state securities laws, or an exemption from such registration requirements is available.

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 over 37% of the Company's share capital. Capitan

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

About Schroders plc

Schroders is a global investment manager which provides active asset management, wealth

management and investment solutions, with £776.6 billion (€906.6 billion; $1064.2 billion) of assets

under management at 30 June 2025. As a UK listed FTSE100 company, Schroders has a market

capitalisation of circa £6 billion and over 5,800 employees across 38 locations. Established in 1804,

Schroders remains true to its roots as a family-founded business. The Principal Shareholder Group

continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders' success can be attributed to its diversified business model, spanning different asset classes,

client types and geographies. The company offers innovative products and solutions through four core

business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which

focuses on private markets, including private equity, renewable infrastructure investing, private debt &

credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This

means directing capital towards resilient businesses with sustainable business models, consistently with

the investment goals of its clients. Schroders serves a diverse client base that includes pension

schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth

individuals, family offices, as well as end clients through partnerships with distributors, financial advisers,

and online platforms.

ON BEHALF OF CAPITAN SILVER CORP.

"Alberto Orozco"

Alberto Orozco, CEO

For more information please contact:

Alberto Orozco

CEO

Capitan Silver Corp.

[email protected]

www.capitansilver.com

IR Team

Capitan Silver Corp.

[email protected]

Phone: (416) 433-2801

www.capitansilver.com

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian

securities legislation based on expectations, estimates and projections as at the date of this news

release. Any statement that involves predictions, expectations, interpretations, beliefs, plans,

projections, objectives, assumptions, future events or performance (often, but not always, using

phrases such as "expects" or "does not expect", "is expected", "interpreted", "management's view",

"anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates",

"potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that

certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be

achieved) are not statements of historical fact and may be forward-looking information and are

intended to identify forward-looking information. This news release contains forward-looking

information pertaining to, among other things: the ability for the Company to obtain the final

acceptance of the TSX Venture Exchange for the Schroders Investment; the anticipated use of

proceeds of the Schroders Investment; the ability for the Company to create value for its shareholders;

and the prospects of the Cruz de Plata gold-silver project (if any).

Forward-looking information is not a guarantee of future performance and is based upon a number of

estimates and assumptions of management, in light of management's experience and perception of

trends, current conditions and expected developments, as well as other factors that management

believes to be relevant and reasonable in the circumstances, including, without limitation,

assumptions about: the ability of exploration results, including drilling, to accurately predict

mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future

spot prices of gold and silver; the timing and results of exploration and drilling programs; the accuracy

of mineral resource estimates; production costs; political and regulatory stability; the receipt of

governmental and third party approvals; licenses and permits being received on favourable terms;

sustained labour stability; stability in financial and capital markets; and availability of mining

equipment and positive relations with local communities and groups. 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. Factors that could cause actual results to differ materially from such forward-

looking information are set out in the Company's public disclosure record on SEDAR+

(

www.sedarplus.ca

) under Capitan's issuer profile. Although the Company 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 Company 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.

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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE

UNITED STATES

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

https://www.newsfilecorp.com/release/279616