Magma Silver Announces Proconsul Marketing Agreement
MAGMA SILVER ANNOUNCES PROCONSUL MARKETING AGREEMENT
Vancouver, British Columbia - (January 23, 2026) – Magma Silver Corp. (TSXV: MGMA; OTCQB:
MAGMF; FSE: BC21; WKN: A411DV) Magma Silver Corp. (the “Company” or “Magma”) is pleased
to announce that it has entered into an investor relations agreement (the “ Agreement”) dated
January 23, 2026 with Proconsul Capital Ltd. (“ Proconsul”), an arm’s length party to the
Company. Pursuant to the Agreement, Proconsul has agreed to provide strategic communication
services to the Company, in consideration for a fee of $7,000, plus applicable taxes per month
during the term of the Agreement and the issuance of stock options in the Company (the
“Consultant Options ”). The Agreement is in effect until July 23, 2026, and renewable
automatically on a month-to-month basis unless terminated by either party in accordance with
the termination provisions contained in the Agreement. Proconsul’s business address is 100
Richmond St. W. Suite 200, Toronto, ON M5H 3K6 email: [email protected],
telephone: 416-577-9927. Proconsul currently owns no securities of the Company.
The Consultant Options are exercisable to purchase 150,000 common shares (each, a “Share”) in
the capital of the Company at a price of $0. 33 per Share, for a 2 -year term. The Consultant
Options vest 25% each of three, six, nine and twelve months. The Options were granted pursuant
to the Company’s stock option plan.
AGORACOM
The Company also clarifies that the 128,409 Shares announced in its December 1, 2025 news
release were issued at a deemed price of $0.22.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring,
developing, and operating precious metal mining projects. Listed on the TSX Venture Exchange ("MGMA"),
OTCQB ("MAGMF"), and Frankfurt Exchange ("BC21"), the Comp any's primary focus is on exploring and
developing the advanced Niñobamba pure silver -gold project in the mining -friendly country of Peru.
Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation and low-
sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti
Limited, Bear Creek Mining Corporation, and Rio Silver Inc. has demonstrated significant resource
potential for a low -cost open -pit mine, with over C$14.5 million invested to date. Magma Silver is
advancing its Niñobamba project using modern geological modelling and a strategic development plan.
The property has excellent infrastructure, strong relationships with local communities and a regional
technical team with over 50 years of mining experience in 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, V6EC 2M6
2
Phone: +1-604-252-2672
Email: [email protected]
Website: www.magmasilver.com
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 agreement with Porconsul and the performance thereof, (ii) the expected
benefits to the Company from the agreement and the scope of services to be provided by Proconsu land
(iii) the potential of the Niñobamba project. 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 assumption s 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 cause 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 results 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 Company 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 intentio n 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.