Zacatecas Silver closes second tranche of private placement

VANCOUVER, British Columbia, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (TSXV: ZAC | OTCQB: ZCTSF | FRA: 7TV) (“Zacatecas Silver” or the “Company”) is pleased to announce that it has closed the second and final tranche (the “Second Tranche”) of its previously announced non-brokered private placement (the "Offering”, see news release dated July 14, 2026 and July 29, 2026) by issuing 14,639,941 Units at $0.07 per Unit for gross proceeds of $1,024,795.87. Under the entire Offering, the Company issued a total of 35,714,142 Units at $0.07 per Unit for gross proceeds of $2,499,989.94.

Each Unit consists of one common share of the Company and one Common Share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.09 for a period of two years from the closing date, subject to the Company’s right to accelerate (the “Acceleration Right”) the expiry date of the Warrants if, following the expiry of the applicable hold period, the 20-day volume-weighted average trading price of the Company’s common shares on the Exchange equals or exceeds $0.18, by providing notice to Warrant holders and press release, in which case the Warrants will expire 30 days following the date of such notice.

Charles Hethey, a director of the Company subscribed for, indirectly through a corporation of which he has control, 300,000 Units under the Second Tranche. Mr. Hethey’s participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the participation in the Offering by Mr. Hethey will not exceed 25% of the fair market value of the Company’s market capitalization.

In connection to the Second Tranche, the Company paid total finders fee of $4,256.42 and issued a total of 60,805 non-transferable share purchase warrants to finders (the “Finder Warrants”). Under the entire Offering, the Company paid total finders fee of $71,190 and issued a total of 1,016,999 Finder Warrants. Each Finder Warrant entitles the holder to purchase an additional Common Share at $0.09 per Common Share at an exercise price of $0.09 for a period of two years from the closing date, subject to the Company’s Acceleration Right.

All securities issued in connection with the Offering will be subject to a four-month-and-one-day hold period from the date of closing under applicable Canadian securities laws.

Proceeds of the Offering will be used to fund the Company’s planned maiden drill program at the Oso Negro project in Sonora, Mexico, following the recent completion of Phase Two rock-chip sampling and vein mapping (see news release dated July 9, 2026), together with continued exploration across the Company’s six-project Mexican portfolio and general working capital.

About Zacatecas Silver Corp.