Safi Silver Announces Proposed Extension of Warrants
FOR IMMEDIATE RELEASE
Safi Silver Announces Proposed Extension of Warrants
TORONTO, ONTARIO, June 30, 2026 – Safi Silver Corp. (TSX-V: SF, OTCPK: PNTZF) (“Safi
Silver” or the “Company”) has applied to the TSX Venture Exchange (“TSXV”) to extend the expiry
date of 2,500,000 common share purchase warrants (the “ Warrants”) from July 12, 2026 to
December 31, 2026 (the “ Warrant Extension”). The Warrants were issued pursuant to the
Company’s private placement of units that closed on July 12, 2023 (please see the Company’s
July 12, 2023, press release for further details regarding the issuance of the Warrants ). Each
Warrant entitles the holder to acquire one Safi common share at a price of $1.50 (please see the
Warrant Repricing below). The Warrant Extension is subject to the approval of the TSXV. The
2,500,000 Warrants and the $1.50 exercise price referenced herein reflect the Safi share
consolidation on a five for one basis completed on June 4, 2024.
On January 22, 2026, the Company announced its application to the TSXV to reduce the exercise
price of the Warrants from $1.50 to $0.50 (the “Warrant Repricing”). In accordance with TSXV
policies, the Warrant Repricing is condition al on the inclusion of an acceleration clause, which
provides that, in the event that the closing price of the Safi common shares is at or above $0.63
per share for a period of ten consecutive trading days, the exercise period of the amended
Warrants will be reduced to 30 days (the “Warrant Acceleration”). For greater certainty, the
reduced exercise period of 30 days will begin no more than seven calendar days after the tenth
premium trading day. Pursuant to the warrant in denture between the Company and TSX Trust
Company, as warrant agent, dated July 12, 2023, the holders of the Warrants must approve the
Warrant Acceleration. The Company is working with the holders of the Warrants to obtain the
requisite approval and will provide a further update regarding the approval of the Warrant
Repricing in due course. The Warrant Repricing is subject to the approval of the TSXV. The
Warrant Extension and Warrant Repricing are not contingent on each other being approved by
the TSXV.
About Safi Silver
Safi Silver Corp. is a publicly traded Canadian exploration and development company with a core
focus on copper and silver holdings in mining -friendly African jurisdictions. In Morocco, the
Company is advancing two exploration projects: Addana, which hosts silver-bearing polymetallic
veins, and Silver Hill, a sedimentary copper prospect undergoing ongoing evaluation. In Namibia,
Safi Silver holds the Kalahari Copperbelt Project.
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements
regarding the Warrant Extension, the Warrant Repricing, approval by the TSXV and the
Company’s future plans and objectives. These statements are based on current expectations and
assumptions that are subject to risks and uncertainties. Actual results could differ materially
because of factors discussed in the management discussion and analysis section of our interim
and most recent annual financial statements or other reports and filings with the TSX Venture
Exchange and applicable Canadian securities regulations. We do not assume any obligation to
update any forward-looking statements, except as required by applicable laws.
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.
For further information, contact Tom Panoulias, VP Corporate Development:
+1 (647) 276-6002 x 1127
Website: www.safisilver.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jed Richardson
President & CEO