Blende Silver launches $2,500,000 flow-through placement

August 20, 2026 – TheNewswire - Vancouver, Canada – Blende Silver Corp. (the “Company”) (TSX.V: BAG) (OTC: BAGGF) (WKN: A2QKT9) (FSE: BCW1) announces a non-brokered private placement of both Flow-Through and Non-Flow-Through units (the “Offering”). The Company may issue up to 6,000,000 Flow-Through units at a price of $0.25 per unit and up to 5,000,000 Non-Flow-Through units at a price of $0.20 per unit, for aggregate gross proceeds of up to $2,500,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.30 per share for a period of two years from the closing date. All warrants will be Non-Flow-Through securities.

The common shares comprising the Flow-Through units will be issued as “flow-through shares” within the meaning of the Income Tax Act (Canada). The gross proceeds from the issuance of the Flow-Through units will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) on the Company’s Blende property. The Company intends to renounce such expenses to the subscribers of the Flow-Through units with an effective date of no later than December 31, 2026.

The proceeds from the Non-Flow-Through units will be used to advance the Blende property and for general working capital purposes.

The Offering is subject to TSX Venture Exchange approval. All securities issued under the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws. Finder’s fees may be payable in connection with the Offering, in accordance with the policies of the TSX Venture Exchange. Insiders of the Company may participate in the Offering.

This news release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities within the United States or to, or for the account or benefit of, U.S. persons or persons in the United States. “United States” and “U.S. person” have the meanings ascribed to them in Regulation S under the U.S. Securities Act. The securities being issued have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any of the securities laws of any state of the United States, and may not be offered or sold within the United States or for the account or benefit of U.S. persons or persons in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

About Blende Silver Corp.

Blende Silver Corp. is a Vancouver-based junior resource company focused on silver-zinc-lead exploration and development at its flagship Blende Project in north-central Yukon. The 100%-owned property hosts a carbonate-hosted Ag-Zn-Pb mineral resource that has been described in published literature as the largest of its type in Yukon (M. Robinson and C.I. Godwin, Economic Geology, 1995). That characterization is based on information available at the date of that publication and has not been independently verified or updated by the Company. The property covers 5,345 hectares, is winter road accessible, and is located approximately 63 km northeast of Keno Hill, Yukon.

The Blende property lies within the Keno Hill silver district, one of Canada’s highest-grade historic silver producing districts, currently being advanced by Hecla Mining Company. Mineralization at Keno Hill and on other properties near the Project is not necessarily indicative of mineralization on the Project. The property has undergone more than $9.2 million in past exploration ($5.2 million by Blende Silver), including 25,195 meters of drilling in 132 drill holes. The historical expenditure and drilling figures are derived from historical records that the Company has not independently verified, a Qualified Person has not done sufficient work to verify them, and they should not be relied upon. A review of historical and recent data has identified areas to the west, north, and east-southeast of the currently defined zones that the Company considers prospective for follow-up exploration.

On behalf of the Board of Directors

"Andrew H. Rees"

Andrew H. Rees

President & CEO

For further information, please contact:

Andrew H. Rees, President & CEO

Tel: 604-669-6463

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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the completion of the Offering, the receipt of TSX Venture Exchange approval, the intended use of proceeds from the Flow-Through units and the Non-Flow-Through units, the potential payment of finder’s fees, the possible participation of insiders, the renunciation of Canadian exploration expenses, and the Company’s plans to advance the Blende property. These statements are based on assumptions management believes to be reasonable and are subject to known and unknown risks, uncertainties, and other factors, including risks related to mineral exploration and development, the uncertainty of exploration results, weather and seasonal access, availability of equipment and personnel, permitting, financing, market conditions, and the ability to complete the Offering on the terms described or at all, that may cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities legislation, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them, and there is no certainty that all or any part of such resources will ever be upgraded to a higher category.

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TheNewsWire

August 20, 2026 - 1:50 PM PDT

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