Kuya Silver Corporation announced ongoing development and reconditioning of the underground workings of the Bethania Mine, Peru, in preparation for mine reopening, and to present high-grade silver assay results from the Tito PH area, a newly identified 630+ metre, strongly mineralized vein zone which is located 1.5 km south of the Bethania Mine. Highlights: Bethania Mine Prepares for Resumption of Operations: Underground development and reconditioning is progressing well and within budget with more than 550 m prepared for operation underground; Significant improvements have been made to the above-ground infrastructure. Bethania Mine progressing towards commencement of production in first half 2024; Large, newly recognized vein system, known as Tito PH, is located 1.5 km South of the Bethania Mine and hosts at least 6 mineralized veins.

A single vein was traced for 630 m in length and remains open along strike: Widespread and high-grade mineralization identified in 39 grab samples of veins and blast pits; Up to 2,085 g/t Ag Eq in samples with 12 of 39 reporting more than 1,000 g/t AgEq and Tito PH appears to be comparable in size, grade and number of veins, with a similar structural setting to the Bethania Mine property; At Carmelitas Norte, an additional 35 samples have confirmed silver mineralization and identified high-grade gold mineralization. Up to 1,211 g/t silver equivalent, with 12 samples in excess of 500 g/t AgEq; High-grade gold zone identified including 5.47 g/t and 5.07 g/t gold within a larger 50 m interval with all sampling >0.5 g/t gold along trend. Bethania Mine development and reconditioning progress: Reconditioning of the Bethania mine workings in preparation for production is progressing well, with 550 m of lateral workings on the 12 de Mayo vein system being the current focus.

This work is being done in advance of mine development and new production, which is within budget, and targeting re- opening in the next few months. Development of access for stopes within the Española and Victoria vein systems will continue as production commences and ramps up. In addition to underground development, important progress has been made to improve surface infrastructure including warehouses, enhancement of accommodation facilities, optimizing connectivity and preparation of ancillary areas for production.Tito PH Prospect Signficantly Expands Known Mineralization in the Bethania District: Mapping and sampling was done on two target areas (Tito PH and Carmelitas Norte) near the Bethania Mine.

The grades, dimensions and density of veins at both of these target areas are extremely promising, as they are comparable to the Bethania mine site. Interestingly, the Bethania/Tito PH and Carmelitas Main/Norte targets appear to be mirrored mineralized structures within the larger 7 by 15 km Bethania volcanic basin. The Tito PH zone was previously documented by Peruvian government geologists and hosts some artisanal workings, including trenching, blast pits and two small adits, but was only recently identified as an exploration target by Kuya Silver.

Six mineralized veins were traced and sampled on surface, with the longest vein being traced for 630 m and remaining open along strike. The area appears to host a series of relatively tightly spaced (300-400 m) parallel faults with associated veins, which may host additional undiscovered veins. Very importantly, early-stage work suggests that these mineralizing faults repeat across strike to the north and are part of a larger system that includes the Bethania mine site.