Zacatecas Silver Announces Closing of Over-Subscribed Financing and Outlines Path Forward
Zacatecas Silver Announces Closing of Over-Subscribed
Financing and Outlines Path Forward
VANCOUVER, British Columbia, September 30, 2025 – Zacatecas Silver Corp. (TSXV: ZAC;
OTC: ZCTSF; Frankfurt: 7TV) (“Zacatecas” or the “Company”) is pleased to announce the closing
of its over-subscribed non-brokered private placement financing (the “Financing”) of 62,500,000
units (“Units”) at a price of $0.06 per Unit for total gross proceeds of C$3.75 million. The
Financing was previously upsized from C$2.5 million to C$3.75 million in order to include a
strategic order from a highly regarded global mining investment fund, underscoring confidence in
the Company’s high-grade silver and gold portfolio in Mexico.
Summary
• C$3.75 million private placement closed – over- subscribed and backed by a strategic
order from highly regarded mining investment fund
• 4,000-metre drill program preparation is underway to drill high-priority El Cristo and
Panuco vein systems.
• El Cristo: testing a large, underexplored vein system geologically linked to the historic
Veta Grande, which produced >200 Moz Ag historically.
• Panuco: follow-up drilling on strong high-grade intercepts and a 20.5 Moz AgEq resource
(19 Moz Ag and 19.2 Koz Au) (3.41 million tonnes at 187 grams per tonne AgEq (173 g/t
Ag and 0.18 g/t Au). See news release issued on May 30, 2023.
• Pipeline growth: Company actively reviewing new acquisition opportunities in Mexico to
further strengthen portfolio.
Eric Vanderleeuw, CEO and Director states: “This marks a pivotal step in our aggressive growth
strategy focused on unlocking the full potential of the El Cristo and Panuco vein systems —two
high-priority, high- impact targets in one of Mexico’s most prolific silver districts. Today,
Zacatecas Silver is revitalized and fully funded to aggressively advance drilling in what appears
to be the early innings of a historic metals market.”
Each Unit consists of one common share (a “Share”) and one common share purchase warrant (a
“Warrant”), with each Warrant exercisable at $0.10 per Share for a period of two years from the
date of issue (the “Expiry Date”). The Company has the right to accelerate the Expiry Date if, at
any time, the volume weighted average price of the Shares on the principal exchange or market on
which the Shares trade is equal to or greater than $0.20 for 20 consecutive trading days (“20- Day
Period”). In the event of acceleration, the Expiry Date will be accelerated to a date that is 30 days
after the Company issues the acceleration notice through a news release, provided that the
acceleration notice is issued within 10 business days after the end of the particular 20-Day Period.
Under the first tranche of the private placement, the Company paid finders fees of $117,417.33
and issued 1,962,955 non-transferable finders share purchase warrants exercisable for a period of
two years from the date of issue. The securities issued under the first tranche are subject to
restrictions on resale for a period four months from the date of issue.
The net proceeds of the Financing will be used to advance exploration activities, including drilling
at the Company’s flagship Zacatecas Silver Project, as well as for community engagement
initiatives, corporate purposes, and working capital.
Insiders subscribed for 1,000,000 Units for $60,000. This participation constitutes a “related party
transaction” as defined under Multilateral Instrument 61- 101 (“MI 61- 101”). However, the
Company expects to be exempt from formal valuation and minority shareholder approval
requirements under Sections 5.5(a) and 5.7(a) of MI 61- 101, as his participation does not exceed
25% of the Company’s market capitalization
Exploration Path Forward
• A 4,000- metre drill program is currently in preparation stages with commencement
anticipated in the coming months. Drilling will focus on high-priority targets at both the El
Cristo and Panuco North vein systems.
• At El Cristo, drilling will test a large, underexplored vein system geologically linked to
the prolific Veta Grande system, where historic mining produced over 200 million ounces
of silver.
• At Panuco, drilling follows up on strong high- grade results and the updated resource
estimate of 20.5 Moz AgEq resource (19 Moz Ag and 19.2 Koz Au) (3.41 million tonnes
at 187 grams per tonne AgEq (173 g/t Ag and 0.18 g/t Au). See news release issued on
May 30, 2023.
In addition, Zacatecas continues to actively evaluate acquisition and consolidation opportunities
in Mexico to strengthen and diversify its project pipeline.
Community Engagement and Drill Readiness
Surface access and community engagement agreements are being supported by the previously
announced engagement of Mesoamerican Explore S.A.S. de C.V. (“MES”) to provide
environmental and social services and liaise with landowners. This work is underway and
completion is expected in the coming months. Roadwork and drill pad construction are complete,
and final contractor mobilization is scheduled for late Q4 2025.
Esperanza Gold Project
Regarding the company’s Esperanza Gold Project, Eric Vanderleeuw, CEO, stated:
“Esperanza is an attrative oxide heap leach deposit, low CAPEX and high-grade, with significant
scalability. Federal permitting headwinds regarding open-pit permits had required us to pause PEA
activities and focus on keeping the project in good standing and at minimum cost - that strategy
has worked. We’ve successfully preserved the project at minimal cost, giving us optionality as the
policy environment evolves. Few undeveloped assets of this quality and size remain in the sector
and we are excited to move forward again.”
About Zacatecas Silver Corp.
The Company has two key projects: the Zacatecas Silver Project in Zacatecas State, Mexico, and
The Esperanza Gold Project in Morelos State, Mexico.
The Zacatecas Silver Project is located in Zacatecas state, Mexico, within the highly prospective
Fresnillo silver belt, which has produced over 6.2 billion ounces of silver. The Company holds
7,826 hectares (19,338 acres) of ground that is highly prospective for low -sulphidation and
intermediate-sulphidation silver base metal mineralization and potentially low-sulphidation gold-
dominant mineralization. The Company announced a n increase in silver resource at the Panuco
South and North underground Mineral Resource Estimate now consist ing of 3.41 million tonnes
at 187 g/t AgEq (173 g/t Ag and 0.18 g/t Au) for 20.5 million ounces AgEq (19.0 million ounces
silver and 19.2 thousand ounces gold) (see news release dated May 31, 2023).
The silver property is 25 kilometres (km) southeast of MAG Silver Corp.'s Juanicipio Mine and
Fresnillo PLC's Fresnillo Mine. The Property shares common boundaries with former Pan
American Silver Corp., now Defiance Silver claims and El Orito, which is owned by Endeavour
Silver.
Esperanza is an advanced stage, attractive low -cost, low-capital-intensity and low-technical-risk
growth project located in Morelos state, Mexico. Alamos has progressed the project through
advanced engineering, including metallurgical work, while also focusing on stakeholder
engagement, including building community relations. The Company announced a Mineral
Resource Estimate at Esperanza consisting of a Measured and Indicated Mineral Resource
Estimate of 30.5 million tonnes at 0.97 g/t AuEq for 956 thousand ounces AuEq and an Inferred
Mineral Resource estimate of 8.7 million tonnes at 0.98 g/t AuEq for 277 thousand ounces AuEq
(see news release dated November 16, 2022).
Qualified Person
The technical information in this news release has been reviewed and approved by Chris Wilson,
B.Sc. (Hons), PhD, FAusIMM (CP), FSEG, FGS, Chief Operating Officer of Zacatecas Silver. Dr.
Wilson is a Qualified Person as defined by NI 43-101 and is not independent due being Chief
Operating Officer and a director.
On behalf of the Company
Eric Vanderleeuw
Chief Executive Officer
Zacatecas Silver Corp.
(519) 729 2440
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management’s current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance.
Zacatecas Silver cautions that all forward -looking statements are inherently uncertain and that
actual performance may be affected by many material factors, many of which are beyond their
respective control. Such factors inc lude, among other things: risks and uncertainties relating to
Zacatecas Silver’s limited operating history, its proposed exploration and development activities
on is Zacatecas Properties and the need to comply with environmental and governmental
regulations. Accordingly, actual and future events, conditions and results may differ materially
from the estimates, beliefs, intentions and expectations expressed or implied in the forward-
looking information. Except as required under applicable securities legislat ion, Zacatecas Silver
does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this
release.