Safi Silver Issues Final Tranche of Shares for the Silver Hill Project
FOR IMMEDIATE RELEASE
Safi Silver Issues Final Tranche of Shares for the Silver Hill
Project
TORONTO, ONTARIO, August 28, 2026 – Safi Silver Corp. (TSX-V: SF, OTCPK: PNTZF) (“Safi
Silver” or the “ Company”) announces that it has issued an aggregate number of 625,000
common shares at a deemed value of $0.40 per Safi Silver share (the “Second Share Issuance”)
to the vendors of the Silver Hill project in Morocco (“Silver Hill” or the “Project”) pursuant to the
share purchase agreement dated May 25, 2020 between the Company and the vendors (please
see the Company’s press release dated September 24, 2020 for further details) (the “ Silver Hill
Transaction”). The Second Share Issuance is the final issuance of Safi shares pursuant to the
Silver Hill Transaction.
In addition, the Company has issued 31,250 common shares to Majilias Inc. for its role as an
arm’s length finder with respect to the Silver Hill Transaction.
The Second Share Issuance is an expedited transaction pursuant to TSX Venture Exchange
(“TSXV”) Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets and remains subject to
final TSXV acceptance. The Second Share Issuance is at arms-length.
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 Silver Hill Transaction, the Second Share Issuance 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 in terim 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