Highlander Silver Corp. announced the execution of an option agreement to acquire 100% of the 600 hectare (Ha) Politunche Property (Property or Politunche) located in the prolific, silver-rich polymetallic belt of central Peru and just 15 kilometres from the company's, Alta Victoria Project. The company can earn 100% ownership of the property by: Making a total of $2,000,000 in cash payments over 4 years to the individual vendor as follows: $5,000 on the signing of the Letter of Intent and $5,000 on the execution of the Agreement (both paid); $5,000 per month during a period of 22 months ending November 2023; $10,000 per month during a period of 24 months ending November 2025; A final $1,640,000 within forty-eight months of the execution of the Agreement; and Drilling a minimum of 2,500 metres.

The Property concessions are currently at the application stage, and the Vendor is in the process of registering title to the concessions. The Agreement provides the Vendor with 10 months to obtain title, and in the event of delay, the Company may suspend monthly option payments until such time as title is obtained. The Company will not be permitted to conduct a drill campaign or register the Property in its name until such time as title to the concessions is granted.

Upon completion of a Positive Feasibility Study the company is required to make a one-time lump sum payment of $1,000,000 to the Vendor. The Vendor retains a 2% NSR which Highlander may buy back for $500,000 per 1% at its election within 6 months on declaration of commercial production. Highlander, at its election, can exercise the option to acquire the Property at any time within the 48 month option period by notifying the Vendor and paying the outstanding balance owing as of the date of notification.

Politunche is located approximately 100km (map distance) northeast of Lima, Peru. The Property is road accessible via paved and improved gravel highway from Lima followed by ~20km of well maintained gravel and drill road (track). The Property consists of 2 contiguous exploration and mining applications, Politunche (500 Ha) and Politunche 2 (100 Ha) filed with the Mining Registry in Lima.