Silver Viper Minerals Announces Execution of Definitive Agreement to Acquire the Coneto Silver-GOLD Project
SILVER VIPER MINERALS ANNOUNCES
EXECUTION OF DEFINITIVE AGREEMENT TO
ACQUIRE THE CONETO SILVER-GOLD
PROJECT
VANCOUVER, BC
,
March 16, 2026
/CNW/ -
Silver Viper Minerals Corp.
(TSXV: VIPR) (OTCQB:
VIPRF) ("Silver Viper" or the "Company") is pleased to announce that it has executed a definitive
share purchase agreement dated March 13, 2026 with Fresnillo plc ("Fresnillo") and Orex Minerals
Inc. (TSXV: REX) ("Orex", together with Fresnillo, the "Vendors") in connection with its previously
announced (October 28, 2025) acquisition of 100% ownership of the Coneto Silver-Gold Project
("Coneto" or the "Coneto Project") located in Durango, Mexico (the "Acquisition").
Silver Viper will acquire the Vendors' combined interests in Coneto -- 61.21% held by Fresnillo and
38.79 % held by Orex -- consisting of all of the outstanding shares of the corporate joint venture
which currently holds the Coneto Project, through an all-share transaction. Silver Viper will issue an
aggregate of 25,531,875 common shares to the Vendors (the "VIPR Shares") in satisfaction of the
US$15 million purchase price (C$20,425,500), each VIPR Share at a deemed price of C$0.80 per
share. All VIPR Shares issued on closing of the Acquisition will be subject to a statutory 4-month
hold period under applicable Canadian securities laws.
Closing of the Acquisition is expected to occur as soon as practicable and remains subject to
completion of certain customary conditions, including receipt by Silver Viper and Orex of TSX
Venture Exchange (the "TSXV") approval and no material adverse effects impacting the parties prior
to closing. On closing, Fresnillo and Silver Viper will enter into an investor rights agreement,
providing customary anti-dilution rights for Fresnillo.
In addition, as previously announced, at or prior to closing of the Acquisition, Ruben Alvidrez,
Director of Projects and Board Member at Luca Mining Corp., will also be appointed to the
Company's Board of Directors. Mr. Alvidrez brings extensive leadership and operational experience
in the mining and financial sectors. Prior to joining the mining industry, Mr. Alvidrez spent over 26
years with Citigroup, serving as Senior Vice President of Corporate Operations for Mexico and Latin
America. His background combines deep expertise in corporate governance, operations
management, and strategic finance.
"This acquisition of the Coneto Silver
Gold Project represents a transformational step for Silver Viper
Minerals Corp. -- it materially expands our district-scale exposure in one of Mexico's most
prospective silver-gold belts while aligning the company with experienced shareholders and partners.
By issuing equity to the vendors, including Fresnillo plc and Orex Minerals Inc., we preserve strong
alignment of interests as we accelerate value-generating exploration and development. We're also
pleased to welcome Ruben Alvidrez to the board -- his operational and financial experience will be
invaluable as we integrate Coneto and advance our portfolio." --
Adam Cegielski
As per TSXV policies, the Acquisition constitutes a non-arm's length transaction due to a shared
director (Steve Cope).
About Silver Viper Minerals
Silver Viper Minerals Corp. (TSX.V: VIPR, OTCQB: VIPRF) is a Canadian-based junior mineral
exploration company focused on advancing precious metals projects in Mexico. The Company
currently operates two key assets: its flagship La Virginia Gold-Silver Project in Sonora and the
recently acquired Cimarron Gold-Copper Project in Sinaloa. The addition of the Coneto Project
enhances Silver Viper's portfolio with another district-scale opportunity in the heart of Mexico's silver
belt.
ON BEHALF OF THE BOARD OF DIRECTORS,
Adam Cegielski
Chairman
Tel
: 905-510-8890
Steve Cope
President and CEO
Follow us on social media:
X:
@SilverViperCorp
LinkedIn:
@SilverViperMinerals
Facebook:
@SilverViperCorp
YouTube:
@SilverViperCorp
Instagram:
@SilverViperCorp
Forward Looking Information
This news release may contain forward-looking statements, including statements with respect to the
terms of the Acquisition, closing of the Acquisition, including receipt of all necessary approvals and
timing thereof, and the appointment of Mr. Alvidrez to the Company's Board of Directors. These
statements reflect management's current estimates, beliefs, intentions and expectations; they are
not guarantees of future performance. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Such factors include, among other
things: risks and uncertainties relating to exploration and development, the ability of the Company to
obtain additional financing, the need to comply with environmental and governmental regulations,
fluctuations in the prices of commodities, operating hazards and risks, competition and other risks
and uncertainties, including those described in the Company's financial statements, management
discussion and analysis and/or annual information form available on
www.sedar.com
. The risk
factors identified in such documents are not intended to represent a complete list of factors that
could affect the Company. Actual results may differ materially from those currently anticipated in
such statements and the Company undertakes no obligation to update such statements, except as
required by 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.
SOURCE Silver Viper Minerals Corp.
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For further information:
For more information, please visit www.silverviperminerals.com or email
CO: Silver Viper Minerals Corp.
CNW 08:17e 16-MAR-26