Zacatecas Silver Announces $2.5 Million Private Placement to Advance Oso Negro Drill Program

Zacatecas Silver Corp. (TSXV: ZAC), a Mexico-focused precious metals exploration company, announced its intention to undertake a non-brokered private placement of up to CAD $2.5 million. The proceeds from this offering are primarily earmarked to fund the company's planned maiden drill program at its Oso Negro project in Sonora, Mexico, as well as to support ongoing exploration across its existing six-project Mexican portfolio and for general working capital purposes.

The company stated that the private placement offering will consist of units priced at CAD $0.065 per unit, with each unit comprising one common share and one-half of a common share purchase warrant. This financing is crucial for advancing the diamond drill program at the Oso Negro project, which has reached a critical stage following the recent completion of its Phase Two rock-chip sampling and vein mapping activities.

The Oso Negro project, located in Sonora, Mexico, is an undrilled, high-grade low sulphidation epithermal system. It hosts the Prospecto (2.5 km strike) and Tere (0.5 km strike) vein systems. Phase one sampling at Oso Negro returned high-grade assays of up to 14.8 g/t gold and 2,340 g/t silver. The recently completed Phase Two geological mapping and sampling further extended the mapped strike lengths of these vein systems. Zacatecas Silver has identified 20 drill pad locations at Oso Negro, completed ecological studies, and the drill permit application with SEMARNAT (Mexico's Ministry of Environment and Natural Resources) is currently in progress.

Zacatecas Silver is focused on advancing high-potential gold and silver projects within Mexico, recognized as one of the world's premier mining regions. The company's overarching goal is to build shareholder value through strategic asset development and operational excellence. The Oso Negro project was acquired from Heliostar Metals in June 2026 as part of a multi-asset exploration portfolio, significantly expanding Zacatecas Silver's footprint in Mexico.

Market analysts consider such financings vital for exploration companies, as successful drill results can lead to significant increases in company valuations. Potential high-grade discoveries at Zacatecas Silver's Oso Negro project could positively impact the company's valuation and its standing within the broader precious metals market. The completion of the permitting process and the commencement of the drill program will be key developments closely watched by investors in the upcoming period.