Silver Viper closes first tranche of $14 million private placement

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Silver Viper Minerals Corp. (TSXV: VIPR,OTC:VIPRF,OTC:VIPRF) (OTCQB: VIPRF) (“Silver Viper” or the “Company”) is pleased to announce that it has closed the first tranche (the “First Tranche”) of its $17 million private placement announced on November 18 and raised on November 21 and 24, 2025 (the “Offering”), with issuance of 17,816,250 units of the Company (the “Units”) at a price of $0.80 per Unit for aggregate gross proceeds of $14,253,000.

Each Unit consisted of one common share of the Company (each a “Part“) and one command (each a “Deposit“). Each Warrant entitles its holder to acquire one Share of the Company at a price of $1.20 per Share for a period of 24 months from the date of issue. The Shares and Warrants comprising the Units and any Shares issued upon the exercise of the Warrants are subject to a statutory holding period expiring on April 13, 2025. The expiration date of the Warrants may be accelerated by the Company at any time after closing and prior to the expiration date of the Warrants if the volume weighted average trading price of the Company’s common shares exceeds €1.40 for twenty consecutive trading days (a “Acceleration event“). Following the occurrence of an Acceleration Event, the Company may accelerate the expiration date of the Warrants by issuing a press release announcing the acceleration of the expiration date of the Warrants, whereupon the Warrants will expire on a date not less than the 20th calendar day after the date of such press release.

The funds will be used to continue surface exploration, including mapping and sampling in preparation for a future drilling campaign at the company’s La Virginia Gold-Silver Project, located in Mexico. Additionally, a portion of the funds raised will be used for working capital needs and other general corporate purposes. The Company expects to close the second and final tranche of the Offering during the week of December 15, 2025.

The Company has agreed to pay a finder’s fee to certain finders with respect to the buyers under the Offering introduced to the Company by such finder. In connection with the closing of the first tranche, Silver Viper will pay finder’s fees of $450,600 to Research Capital Corp., $103,320 to Haywood Securities Inc., $19,320 to Leede Financial Inc., $10,200 Unpleasant Raymond James, $3,990 to Canaccord Genuity Corp., $720 to EMD effects, $600 to Ventum Financial Corp and $600 at Laurentian Bank.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), or any state securities laws, and accordingly may not be offered or sold within the United States except in accordance with the registration requirements of the US Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer or invitation to offer securities for sale the United Statesnor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Silver Viper Minerals

Silver Viper Minerals Corp. (TSX-V: VIPR,OTC:VIPRF; OTCQB: VIPRF) is a Canadian-based junior mineral exploration company focused on advancing precious metals projects in Mexico. The company’s portfolio includes the La Virginia Gold-Silver Project in Sonorathe Cimarron Gold-Copper project Sinaloaand the recently announced acquisition of the Coneto Silver-Gold Project, which together represent a strong pipeline of district-scale exploration opportunities within Mexicos productive silver band.

ON BEHALF OF THE BOARD OF DIRECTORS

Steve Cope
Chairman & CEO

Forward-looking information

This press release may contain forward-looking statements, including statements regarding the acceleration of the expiration date of the Warrants, the closing of the second tranche of the Offering and the use of proceeds from the Offering. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Forward-looking statements relate to future events and circumstances and therefore involve inherent risks and uncertainties. Such factors include, but are not limited to: risks and uncertainties relating to exploration and development, the Company’s ability to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of raw materials, operational hazards and risks, competition and other risks and uncertainties, including those described in the Company’s financial statements, management discussions and analyzes and/or the annual information form available at www.sedar.com. The risk factors identified in such documents are not intended to be an exhaustive list of factors that may affect the business. Actual results could 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.