Company Announcements

TORONTO--(BUSINESS WIRE)--May 28, 2026-- Safi Silver Corp. (TSX-V: SF, OTCPK: PNTZF) (“Safi Silver” or the “Company”) announces that it has issued 750,000 stock options (the “Options”) to a director of the Company pursuant to the Company’s stock option plan (the “Stock Option Plan”). Such Options are exercisable into common shares of the Company at an exercise price of $0.40 for a period of five years from the date of grant.

In addition, the Company has issued a total of 3,300,000 restricted share units (“RSUs”) to certain directors and officers of the Company in accordance with the Company’s Restricted Share Unit and Deferred Unit Plan (the “RSU Plan”). The RSUs will vest in two installments with two thirds of the grant of RSUs vesting on the one-year anniversary of the grant date and the remaining one-third of the grant of RSUs vesting on the second-year anniversary of the grant date.

The Options are being issued pursuant to the Company’s Stock Option Plan which is a 10% rolling stock option plan and the RSUs are being issued pursuant to the Company’s RSU Plan which is a fixed security compensation plan. Each of the Stock Option Plan and the RSU Plan were approved by Safi Silver shareholders at the Company’s annual and special meeting of shareholders held on March 5, 2026. The grant of the Options and the RSUs is subject to the approval of the TSX Venture Exchange.

Safi Silver Corp. also announces that Damian Lopez has resigned as Corporate Secretary of the Company and Paul Bozoki, CFO of Safi Silver Corp. will take on the role of Corporate Secretary.

About Safi Silver Corp.

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 issuance of Stock Options and RSUs, changes to the Company’s management team 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.

ON BEHALF OF THE BOARD OF DIRECTORS

Jed Richardson
President & CEO

View source version on businesswire.com: https://www.businesswire.com/news/home/20260528938988/en/

For further information, contact Tom Panoulias, VP Corporate Development:
+1 (647) 276-6002 x 1127
IR@safisilver.com
Website: www.safisilver.com

Source: Safi Silver Corp.