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MGMA.V ·

Magma Silver Adds to PERU Operations Team

Management Changes

MAGMA SILVER ADDS TO PERU OPERATIONS TEAM

Vancouver, British Columbia - ( July 16, 2025) – Magma Silver Corp. (TSXV: MGMA; OTCQB:

MAGMF; FSE: BC21; WKN: A411DV), Magma Silver Corp. (the “Company” or “Magma”) is pleased

to announce additions to the Peru operations team and incorporation of a Peruvian subsidiary.

The establishment of these additions to Magma’s technical and operations team aims to bring

considerable expertise, continuing to build and enhance community relations, as well as success

with our upcoming drill program, targeted for Q3 2025 at Jorimina and Randypata (see June 18,

2025, news release).

Stephen Barley, CEO & Chairman, stated: “Magma has established an experienced operating

team in Peru. We have successfully created the team in record time, thanks to the guidance of

Jeffrey Reeder, our Senior Technical Advisor, and his extensive experience in mining operations

in Peru, spanning over 30 years. “

Environmental Studies and Community Relations Manager

Ecosoul Environmental Impact Consultants, based in Ayacucho, south -central Peru, will be

utilized by the Company to undertake a full suite of environmental baseline monitoring studies,

which include preparation of the necessary submittals required by the General Directorate of

Mining Environmental Affairs with the Ministry of Energy and Mines, Peru, in support of the

permitting application. Ecosoul's scope also includes professional archeological inv estigations

and community workshops, along with the necessary lia ison activities currently underway , by

utilizing dedicated personnel with a successful record working in this local region. Ecosoul will

monitor and report on milestones achieved through citizen participation in the mining subsector,

in collaboration with local ministries and stakeholders, to ensure a successful path toward a

resource-defining exploration campaign. Ecosoul guided Rio Silver in successfully entering into a

community access agreement with Comunidad Campesina De Tunsulla , allowing exploration

activities to proceed on the Jorimina and Randypata properties. Ecosoul is also involved with the

current drilling permit application for Jorimina.

Senior Field Geologist

The soon-to-be-announced summer exploration program on the Jorimina and Randypata

properties will be directed and managed by Edgar Leon Choque, a very experienced Peruvian

geologist. Edgar Leon Choque is a Senior Geological Engineer with studies at the National

University of San Marcos - Peru. Mr. Choque has over 30 years of experience in the mining

industry as a geological engineer, having managed several projects for Canadian companies. He

has worked on key projects, including the Rio Blanco Cu-Mo in Northern Peru, the Aguila Cu-Mo

Magma Silver Corp.

Suite 750, 1095 West Pender Street, Vancouver, B.C., Canada, V6E 2M6

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project in Northern Peru, the Zafranal Cu project in Southern Peru, and the Lavaras do Sul Project

in Southern Brazil.

Magma Peruvian Subsidiary

The Company has established a subsidiary in Peru to facilitate all corporate activities in Peru. The

subsidiary is known as “ Minas Sami Plata S.A.C.,” and the subsidiary setup was guided by our

General Manager, Carlos Agreda, and the Dentons law firm, Lima office. The subsidiary name

translates as “Lucky Silver Mines” in the Quechua language. Quechua is the primary language in

the Ayacucho region, where Magma’s project is located.

Figure 1Stephen Barley, Chairman & CEO (Right), Marco Jacico Huayanay, Principal of Ecosoul and Environmental and

Community Relations Advisor (Left), and Edgar Leon Choque, Senior Field Geologist (Middle), together during a recent site

visit.

About Magma Silver Corp.

Magma Silver Corp. is a natural resources company with a focus on acquiring, exploring,

developing, and operating precious metal mining exploration projects. The Company’s primary

focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-

friendly country of Peru.

For further information, please contact Magma Silver Corp.:

Jason Baker, Chief Financial Officer

Magma Silver Corp.

Suite 750, 1095 West Pender Street, Vancouver, B.C., Canada, V6E 2M6

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Phone: +1-604-252-2672

Email: [email protected]

Website: www.magmasilver.com

X: @MagmaSilverCorp

Reader Advisory

This news release may contain forward-looking information within the meaning of applicable securities laws.

All information and statements other than statements of current or historical facts contained in this news

release are forward -looking information. Forward-looking statements are subject to various risks and

uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic

filings with Canadian securities regulators. When used in this news release, words such as "will", "could",

"plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward -

looking statements. The information provided in this document is necessarily summarized and may not contain

all available material information. Forward-looking statements include those in relation to (i) the experience

of the Peruvian team and the performance thereof, (ii) the expected benefits to the Company from the

agreement with and the scope of services to be provided Ecosoul Environmental Impact Consultants. Although

the Company believes the expectations reflected in such forward-looking statements are based on reasonable

assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove

incorrect. Although the Company has attempted to identify important factors that could cause actual results,

performance, or achievements to differ materially from those contained in the forward - looking statements,

there can be other factors that caus e results, performance, or achievements not to be as anticipated,

estimated, or intended. There can be no assurance that such information will prove to be accurate or that

management's expectations or estimates of future developments, circumstances, or res ults will materialize.

As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the

forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits

that the Com pany will derive therefrom. Accordingly, readers should not place undue reliance on forward -

looking statements. The forward-looking statements in this news release are made as of the date of this news

release, and the Company disclaims any intention or obligation to update or revise such information, except

as required by applicable law.

Neither 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.