Mr. Steve Cope reports

SILVER VIPER ANNOUNCES STRATEGIC UPDATES: PRIVATE PLACEMENT, NEW INTERIM CFO, AND MARKET-MAKER APPOINTMENT

Silver Viper Minerals Corp. intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $3.5-million from the sale of up to 23,333,334 units at a price of 15 cents per unit, each unit consisting of one common share of the company and one-half of one warrant. Each warrant will entitle the holder thereof to acquire one share from the company at a price of 35 cents per share for a period of 24 months from their date of issue.

The issuer intends to use the proceeds from the offering for drilling and other exploration activities at La Virginia and for working capital and other general corporate purposes.

The offering is anticipated to close in a series of tranches, with the first tranche on or about June 16, 2025. The closing of the offering is subject to certain conditions, including the approval of the TSX Venture Exchange and certain other conditions customary for a private placement of this nature. All units issued in connection with the offering will bear a legend indicating that they are subject to a trading restriction for a period of 12 months following the closing of the transaction.

In connection with the offering, certain individuals will be entitled to receive either: (i) a cash commission of up to 6.0 per cent of the aggregate gross proceeds raised under the offering from subscribers introduced to the corporation by the finder; or (ii) a number of units equal to up to 6.0 per cent of the units issued to such subscribers. The finders' units will have the same terms as the units offered to subscribers under this agreement.

Change in management

The company also announces that Carla Hartzenberg, chief financial officer (CFO), has resigned from her position, and the company has initiated a search for a permanent replacement. In the interim, Steve Cope, chief executive officer (CEO), will assume the responsibilities of the CFO on a temporary basis until a successor is appointed.

"We thank Ms. Hartzenberg for her contributions and wish her well in their future endeavours," said Mr. Cope.

Market-maker engagement

The company has engaged the services of ICP Securities Inc. (ICP) to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

Pursuant to the market-making agreement dated May 12, 2025, entered into between the company and ICP, in exchange for providing the services, ICP will receive a fee of $7,500 plus applicable taxes per month, payable monthly in advance. The agreement is for an initial term of four months and shall be automatically renewed for subsequent one-month terms (each subsequent one-month term called an additional term) unless either party provides at least 30 days written notice prior to the end of the initial term or an additional term, as applicable.

ICP does not have any interest, directly or indirectly, in Silver Viper or its securities or any right or intent to acquire such an interest at this time; however, ICP and its clients may acquire an interest in the securities of the company in the future. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the market-making engagement.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market making activities.

About ICP Securities Inc.

ICP Securities is a Toronto-based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market-making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution and trading, ICP has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Silver Viper Minerals Corp.

Silver Viper Minerals is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The company is the operator and 100-per-cent owner of the La Virginia gold-silver project in Sonora. The company continues to evaluate and advance mineral exploration opportunities across key mining jurisdictions in Mexico and in May, 2025, entered into a definitive agreement to acquire the Cimarron project in Sinaloa, Mexico.

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