Zacatecas Silver Closes First Tranche of Private Placement
Zacatecas Silver Closes First Tranche of Private Placement
Vancouver, BC – September 23, 2025 – Zacatecas Silver Corp. (TSXV: ZAC; OTC: ZCTSF) (the
“Company”) is pleased to announce that it has closed the first tranche of its previously
announced private placement financing by issuing a total of 38,449,335 units (“Units”) at a price
of $0.06 per Unit for gross proceeds of $2,306,960. The Company anticipates it will complete the
final tranche by September 29, 2025.
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 $ 113,297.19
and issued 1,888,286 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 proceeds of the o ffering will be used to fund a drilling campaign on the Zacatecas Silver
Project, strategic initiatives and working capital purposes. The Offering is subject to the
acceptance of the TSX Venture Exchange.
A holding corporation of Eric Vanderleeuw, the Company's CEO and a director, subscribed for
500,000 Units for $30,000. 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
About Zacatecas Silver Corp.
The Company has two key projects. The Esperanza Gold Project in Morelos State, Mexico and the
Zacatecas Silver Project in Zacatecas State, Mexico.
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 focu sing 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).
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 Mineral Resource Estimate at the Panuco
Deposit consisting of 2.7 million tonnes at 187 grams per tonne (g/t) silver equivalent (AgEq) (171
g/t silver (Ag) and 0.17 g/t gold (Au)) for 16.4 million ounces AgEq (15 million ounces silver and
15,000 ounces gold) (see news release dated December 14, 2021).
The 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 Pan American Silver Corp.
claims and El Orito, which is owned by Endeavour Silver.
On behalf of the Company
Eric Vanderleeuw
Chief Executive Officer and Director
(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 gu arantees 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
f r o m t h e e s ti m a t e s , b e l i e f s , i n t e n ti o n s a n d e x p e c t a ti o n s e x p r e s s e d o r i m p l i e d i n t h e f o r w a r d-
looking information. Except as required under applicable securitie s legislation, 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.