Zacatecas Silver plans $2.5M private placement for Oso Negro drilling

Zacatecas Silver Corp. (TSXV: ZAC | OTCQB: ZCTSF) announced a non-brokered private placement of up to $2,500,000 to fund a maiden drill program at its Oso Negro project in Sonora, Mexico, according to a press release dated July 14, 2026.

Each unit is priced at $0.07 and consists of one common share and one warrant exercisable at $0.09 for two years from closing. The company may accelerate warrant expiry if the 20-day volume-weighted average trading price reaches or exceeds $0.18 after the applicable hold period. All securities are subject to a four-month-and-one-day hold period under Canadian securities laws. The offering is subject to TSX Venture Exchange acceptance.

Proceeds will also support continued exploration and permitting across the company's portfolio of six Mexican projects in Zacatecas, Sonora, Morelos, and Oaxaca, as well as general working capital.

The Oso Negro project hosts two low sulphidation epithermal vein systems — the Prospecto, with a mapped strike length of over 2.5 kilometers, and the Tere, extending approximately 0.5 kilometers. Phase one sampling across 156 rock-chip grab samples returned results of up to 14.8 g/t gold and 2,340 g/t silver. A second phase of geological mapping and sampling, completed in early July 2026, collected 391 additional rock-chip grab samples to refine drill targets.

The company has identified 20 drill pad locations at Oso Negro and completed ecological studies required to apply to Mexico's environmental authority, SEMARNAT, for a drill permit. The permit application is described as in progress.

CEO Eric Vanderleeuw stated: "Oso Negro has all the hallmarks of a high-grade epithermal discovery we want to be drilling — strong grades at surface, over three kilometres of combined mapped vein strike, and geology consistent with a boiling zone at depth that remains untested by drilling."

The technical content of the release was reviewed by Chris Wilson, Chief Geologist of Zacatecas Silver, who is a Qualified Person under NI 43-101, though not independent of the company.

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