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Regency Silver Corp. Options El Tablon Claims in Durango State, Mexico

Mergers & Acquisitions Property Options & Staking

FOR IMMEDIATE RELEASE

NEWS RELEASE

Regency Silver Corp. Options El Tablon Claims in Durango State, Mexico

Vancouver, BC – September 23, 2022 – Regency Silver Corp. (“Regency Silver” or the “Company”, TSXV-

RSMX and OTCQB-RSMXF) is pleased to announce that it has entered into an option agreement dated

September 22, 2022 (the “Option Agreement”) to option a 100% undivided interest in the El Tablon Claims

located in the State of Durango, Mexico.

The property covers a total of 7,200 hectares and contains numerous artisanal workings and tunnels ,

which explored many of the veins and veinlets that exist within the concession area.

The El Tablon Claims are located within the Sierra Madre Occidental prolific gold-silver belt only 16 miles

from the historical Tayoltita (San Dimas district), which has historically produced more than 11 million

ounces of gold and 582 million ounces of silver and which continues to be ac tive with significant

mineral resources. 1

The El Tablon Claims are in a similar geological environment, characterized by the presence of productive

rocks of the Lower Volcanic Complex, to which subvolcanic felsic rock bodies with stockworks and gold

dissemination are found. In addition, the canyons around El Tablon expose many other mineralized zones,

and works can be found in the neighboring mines of the Ventanas, Mala Noche, and San Cayetano

projects.

A Mexican Council on Natural Resources (CRM) (the precursor to the Mexican Geological Service) report

from 2012 indicates the presence of 7 vein s and breccias in a short space of land , which reported silver

grades up to 1,402 g/t, lead up to 2.097%, copper up to 1.381%, and gold up to 1.00 g/t . One of the

samples exceeded 10,000 g/t of silver. The El Tablon Claims have potential both for high grade silver veins

and bulk mineable high volume-low grade polymetallic mineralization. 2

In order to exercise the option, Regency Silver must pay US$50,000 on receipt of Exchange acceptance,

issue a total of 1,000,000 common shares and pay back taxes and mining filings on or before March 31,

2024. Regency Silver must also pay a US$1,000,000 bonus upon a NI 43 -101 resource being published,

which estimates the El Tablon Claims contain a minimum of 70 million silver equivalent ounces or 1 million

gold ounces in the measured or indicated categories. The shares are subject to a four month hold period

and the agreement is subject to the approval of the TSX Venture Exchange.

ABOUT REGENCY SILVER CORP.

Regency Silver is a silver and gold exploration company focused on the Americas. Regency Silver is led by

a team of experienced professionals with expertise in both exploration and production. Regency Silver’s

flagship project is the Dios Padre silver project in Sonora, Mexico.

2

The technical information contained in this news release has been reviewed by Company director Michael

Tucker, P.Geo, who is recognized as a Qualified Person under the guidelines of National Instrument 43 -

101. Mr. Tucker is a director of the Company and for that reason is not considered independent. Mr.

Tucker has read and approved the technical contents of this news release.

For further details about the Company please visit www.Regency-Silver.com.

Contact Information

Regency Silver Corp.

Bruce Bragagnolo, Executive Chairman

(604) 417-9517

Email: [email protected]

Gijsbert Groenewegen, Chief Executive Officer

Phone: 1-646-247-1000

Email: [email protected]

Neither the 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.

Cautionary Note Regarding Forward -Looking Statements: This news relea se includes certain forward -

looking statements and forward-looking information (together, “forward-looking statements”). There can

be no assurance that such statements will prove to be accurate and actual results and future events may

vary from those anticipated in such statements. Important risk factors that could cause actual results to

differ materially from the Company's plans or expectations include the risk that TSX Venture Exchange

acceptance of the option agreement will not be obtained, regulatory changes, fundraising, and risk

associated with mineral exploration, including the risk that actual results of exploration will be different

from those expected by management. The forward -looking statements in this news release were

developed based on the expectations of management, including that Exchange acceptance for the

proposed transaction will be obtained, conditions will be satisfied, required fundraising will be completed

and the other risks described above will not materialize. The Company expressly disclaims any intention or

obligation to update or revise any forward -looking statements whether as a result of new information,

future events or otherwise, except as otherwise required by applicable securities legislation.

1 Source: https://www.firstmajestic.com/projects/producing-mines/san-dimas/

2 Source: Servicio Geologico Mexicano, Chairez B.J. Velazquez H.J., 2012 Estudio de Asesoria Geologica del Lote

Minero La Fortuna, San Dimas, Durango.