First Andes Silver Engages ICP Securities Inc. FOR Automated Market Making Services
FIRST ANDES SILVER ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES
Vancouver, British Columbia, August 22, 2025 – FIRST ANDES SILVER LTD . (TSXV: FAS; OTC Markets:
MSLVF; FSE: 9TZ) (the “Company” or “First Andes”) today announced announce that it has engaged the
services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its
proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Exchange
and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes.
The agreement between the Company and ICP was signed with a start date of August 22, 2025, and is for
four (4) months (the “Initial Term”) and shall be automatically renewed for subsequent one (1) month
terms (each month called an “Additional Term”) unless either party provides at least thirty (30) days
written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no
performance factors contained in the agreement and no stock options or other compensation in
connection with the engagement. ICP does not currently own any securities of the Company.
ICP is an arm’s length party to the Company. ICP’s market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the
costs it incurs in buying and selling the Company’ s shares, and no third party will be providing funds or
securities for the market making activities.
About ICP Securities Inc.
ICP Securities Inc. is a Toronto based CIRO dealer -member that specializes in automated market making
and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium ™, that
enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and
trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and
execution services to a broad array of public issuers and institutional investors.
About First Andes Silver Ltd.
First Andes Silver Ltd. is a British Columbia company that holds a 100% interest in the high -grade Santas
Gloria silver property, located in a major mining district 100 km east of Lima, Peru. Santas Gloria has
excellent established road access, and is situated within a well -known intermediate sulphidation
epithermal belt, and hosts over 12 km of multiphase veins mapped at surface which had never been
historically drilled or explored by modern techniques before 2024. First Andes’ maiden diamond drill
program last year reported hi gh-grade silver grades on all drilled vein systems confirming silver
endowment and warranting high priority follow-up drilling in 2025.
For more information please contact:
Colin Smith, CEO & Director
Phone: 604 806-0626 (ext. 108)
E-mail: [email protected]
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management’s current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The
Company cautions that all forward -looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many of which are beyond the Company’s
control. Such factors include, among other things: risks and u ncertainties relating to Company’s limited
operating history, ability to obtain sufficient financing to carry out its exploration programs and the need
to comply with environmental and governmental regulations. Accordingly, actual and future events,
conditions and results may differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward -looking information. Except as required under applicable securities
legislation, the Company undertakes no obligation to pub licly update or revise forward -looking
information.
The forward-looking statements contained in this news release are made as of the date of this news
release. Except as required by law, the Company disclaims any intention and assumes no obligation to
update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.