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Highlander Silver Closes US$40 Million Strategic Investment by Eric Sprott

Financings

Highlander Silver Closes US$40 Million Strategic Investment by Eric Sprott

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario, January 30, 2026 – Highlander Silver Corp. (TSX: HSLV) (“Highlander Silver”

or the “Company”) is pleased to announce that it has closed its previously announced non-brokered

private placement with Mr. Eric Sprott (the “ Private Placement ”). Pursuant to the Private

Placement, the Company issued an aggregate of 8, 060,226 common shares in the capital of the

Company (the “ Offered Shares”) at a price of C$6.80 per Offered Share for aggregate gross

proceeds of US$40,000,000 (the “Offering”).

The Company intends on using the net proceeds from the Offering to fund the advancement of the

Company’s mineral projects and for working capital and general corporate purposes.

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

there by any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale

would be unlawful. The securities have not been and will not be registered under the United States

Securities Act of 1933, as amended (the “U.S. Securities Act”), of the securities laws of any state

of the United States and may not be offered or sold within the United States (as defined in

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

applicable state securities laws or pursuant to an exemption from such registration requirements.

About Highlander Silver

Highlander Silver is primarily focused on advancing the bonanza grade San Luis gold-silver project

that is located adjacent to the past-producing Pierina mine in Central Peru. San Luis hosts Indicated

Mineral Resources of 356 koz Au at 24.4 g/t Au and 8.4 Moz Ag at 579 g/t Ag and ranks among the

10 highest grade projects globally in both gold and silver categories.1 Highlander Silver’s significant

shareholders include the Augusta Group, which boasts an exceptional track record of value creation

totaling over $4.7 billion in exit transactions, and strategic shareholders, the Lundin family and Eric

Sprott.

1S&P Global rankings including the San Luis gold-silver project.

Information contact

Highlander Silver

Arun Lamba, Vice President Corporate Development

Email: [email protected]

Scientific and Technical Information

Scientific and technical information in the news release relating to the San Luis Project are taken

from the technical report entitled, “Technical Report on the San Luis Property” dated January 15,

2025, prepared by independent “qualified person” ( as defined in National Instrument 43 -101

Standards of Disclosure for Mineral Projects), Martin Mount, MSc MCSM FGS CGeol FIMMM Ceng,

and available on Highlander Silver’s SEDAR+ profile at www.sedarplus.ca.

Forward-looking statements

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

Canadian securities legislation. This includes, but is not limited to, the completion of the Offering,

the issuance of the Offered Shares, the intended use of the net proceeds from the Offering. Such

forward looking information or statements can be identified by the use of words such as “ramp up”,

“attempting”, “intends”, “believes”, “plans”, “suggests”, “targets” or “prospects” or variations

(including negative variations) of such words and phras es, or state that certain actions, events or

results “will” be taken, occur, or be achieved. Forward -looking information involves kn own 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 im plied by the forward -looking information.

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

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

plans continue to be refined, future prices of precious and base metals, accident, labour disputes

and other risks of the mining industry, delays in obtaining governmental or stock exchange

approvals or financing, and uncertainties related to the review and approval of the listing application

and satisfaction of all applicable listing and regulatory requirements to list on the NYSE American.

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 updat e forward -looking information if

circumstances or management’s estimates or opinions should change, except as required by

applicable securities laws. Accordingly, the reader is cautioned not to place undue reliance on

forward-looking information.