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Highlander Silver Annouces Board and Management Changes

Management Changes

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HIGHLANDER SILVER ANNOUCES BOARD AND MANAGEMENT

CHANGES

March 1, 2023 - Vancouver, British Columbia – Highlander Silver Corp. (CSE:HSLV) (the “Company”

or “Highlander Silver”) announces changes to Board and Executive Leadership.

Phil Anderson, Director and founder of Minera CAPPEX S.A.C., the private Peruvian company that initially

acquired the Company´s Alta Victoria project, has elected to step down from his current role as Exploration

Manager and transition to a technical advisory role. He will continue to serve on the Company´s Board of

Directors.

Contemporaneously with Mr. Anderson´s transition, through a Letter Agreement the Company has engaged

Dr. Leandro Echavarria to join Highlander Silver as Vice President Exploration. Dr. Echavarria is a n

exploration geologist with 30 years´ experience across the Americas , specialising in the conception and

execution of discovery driven exploration programs based on innovative concepts and ideas ; from area

selection to drill target definition. He has acquired expertise across all exploration stages from greenfields

to brownfields and in-mine resource definition, having spent nine years with Hochschild Mining Plc in senior

roles such as South America Chief Geologist and Exploration Manager Mexico, and more recently as an

independent consultant. He was directly involved in the La Josefina greenfield discovery and San Jose

mine start up (Argentina) and has successfully led resource expansions extending life of mine at the Arcata,

Caylloma and Ares mines (Peru).

Nate Brewer, Director, has stepped down from the Board of Directors of the Company.

Graeme Lyall, a Consulting Geologist with over 30 years’ experience in the metals exploration and mining

sector will be joining the Company´s Board . He provides specialist services in geological and resource

modelling, project appraisals and due diligence, as well as evaluation of advanced exploration project

opportunities. Throughout his career he has worked mostly for major mining companies (Anglo American

and Barrick Gold) in roles covering nearly all aspects of geology related to mining, from exploration to

project evaluations, business opportunities, project development, and mining. He has participated as a

team member and in leadership roles in various greenfields and brownfields discoveries, including the Los

Sulfatos discovery, having been a member of the team that was awarded PDAC’s Thayer Lindsey discovery

award in 2011. Mr. Lyall is a Fellow Member of Australian Institute of Mining and Metallurgy and is qualified

as a Competent Person as defined by the JORC Code, as well as a Qualified Person in accordance with

the Canadian National Instrument 43-101.

David Fincham, Highlander´s President and CEO stated, “Since initiating the acquisition of Alta Victoria and

forming Minera CAPPEX S.A.C. in 2017, Phil spearheaded the project´s initial financing and exploration,

leading to Highlander´s public listing in August, 2021. Subsequently, Phil identified the Politunche project

which was brought into the Company’s portfolio in early 2022 and has since directed its evaluation work.

On behalf of my fellow Board members and the Management team, I would like to thank Phil for his

contributions to date. I look forward to continuing to work together as Board members and to having him

advise the Company on an as-required basis.

Given our focus on the Central Andes both in terms of current projects and new acquisitions, Leandro´s

deep knowledge of Andean geology , broad experience across all exploration stages , and his discovery

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track record will strengthen the Company´s ability to execute on its strategy, and therefore to ultimately add

significant value for our shareholders. We are delighted to welcome him to the team.

Nate has served on the Board since the Company went public a year and a half ago. Over this time he

made many contributions to ensure the advancement of the Company , drawing on a wealth of experience

over a long and successful career. On behalf of the Board and Management team, I thank Nate and wish

him and his family all the best for the future.

Having Graeme join our Board will provide us with access to his considerable project evaluation and mining

resource expertise as we develop our current portfolio and seek to acquire new assets that have the

potential to transform the company. We are very pleased to welcome Graeme to our Board.

Phil Anderson, Director, commented, “I first want to extend my gratitude to the Peruvian team who have

provided critical support to Minera CAPPEX S.A.C. and subsequently Highlander over the past six years,

and who continue to fill vital roles in the company´s activities. Furthermore, our shareholders have been

hugely supportive, many of whom have been with us since the early days prior to listing. Finally , I have

great confidence that through the new management´s leadership, Highlander will deliver shareholder

value through exploration success in the coming months. David Fincham with Leandro Echavarria

provide the company with stellar leadership qualities and a proven track record of exploration success.

Dr. Leandro Echavarria stated, “I am excited to join Highlander as VP Exploration. I look forward to

working with the Highlander team to build and advance a strong portfolio of projects in the Central Andes.

This is a great time to be exploring in the region, where we, as a team, can contribute our vast experience

towards making discoveries and generating value.

Graeme Lyall, Director said, “I am very pleased to have been invited to join the board of Highlander

Silver. They have a great team in place, and, with much enthusiasm, I am optimistic that we can deliver

on new exploration opportunities that promise in developing sustainable and economic mines.”

About Highlander Silver

Highlander Silver Corp. is a mineral exploration company focused on the exploration of silver -polymetallic

projects in central Peru, as well as targeting the acquisition of additional mineral projects by leveraging the

team’s significant experience in Peru and South America more widely. Additional information about

Highlander Silver and its mineral projects can be viewed on the Company’s SEDAR ( www.sedar.com)

profile at www.sedar.com and its website at www.highlandersilver.com

Neither the Canadian Securities Exchange (CSE) nor the Investment Industry Regulatory Organization of

Canada (IIROC) accepts responsibility for the adequacy or accuracy of this news release.

For further information, please contact:

David Fincham

Chief Executive Officer

Highlander Silver Corp.

(604) 283 7630

[email protected]

Forward-Looking Information

Certain information contained in this news release constitutes “forward- looking information” under

Canadian securities legislation. This includes, but is not limited to, information or statements with respect

to the future exploration plans of the Company, permitting and timing of future exploration. Such forward

looking information or statements can be identified by the use of words such as “anticipates”, “plans”,

“suggests”, “targets” or “prospects” or variations (including negative variations) of such words and phrases,

or state that certain actions, events or results “will” be taken, occur, or be achieved. Forward- looking

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information involves known and unknown risks, uncertainties, and other factors which may cause the actual

results, performance, or achievements of the Company and/or its subsidiaries to be materially different from

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

Such factors include, among others, general business, economic, compe titive, political and social

uncertainties, the actual results of current exploration activities, , changes in project parameters as plans

continue to be refined, , accident, labour disputes and other risks of the mining industry, and delays in

obtaining governmental approvals or financing. 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 information, there may be other factors that could cause actions, events or results to differ from

those anticipated, estimated or intended. Forward-looking information contained herein are made as of the

date of this news release. There can be no assurance that forward- looking information will prove to be

accurate, as actual results and future events could differ materially from those anticipated in such

statements. The Company undertakes no obligation to update forward-looking information if circumstances

or management’s estimates or opinions shou ld change, except as required by applicable securities laws.

Accordingly, the reader is cautioned not to place undue reliance on forward-looking information.