Maverick Gold and Silver raises up to C$1,100,000 in private placement

Vancouver, British Columbia--(Newsfile Corp. - October 8, 2026) - Maverick Gold and Silver Corp. (CSE: MAV) (FSE: VR61) (OTC Pink: VRCFF) ("Maverick" or the "Company") is pleased to announce a non-brokered private placement of up to 22,000,000 units of the Company (each, a "Unit") at a price of C$0.05 per Unit for aggregate gross proceeds of up to C$1,100,000 (the "Offering").

The Company intends to use the net proceeds of the Offering for working capital requirements and general corporate purposes. Units will be offered to purchasers in reliance on available prospectus exemptions under applicable Canadian securities laws, including the accredited investor exemption, the family, friends and business associate's exemption, the minimum amount exemption, the employee, executive officer, director and consultant exemption, and the investment dealer exemption, and in such other jurisdictions as may be permitted.

Offering Terms

Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional Common Share at a price of C$0.10 for a period of 24 months following the closing date of the Offering; provided, however, that if, at any time prior to the expiry of the Warrants, the closing price of the Common Shares on the Canadian Securities Exchange (the "CSE") equals or exceeds C$0.15 per Common Share for a period of 10 consecutive trading days, the Company may, at its option, accelerate the expiry date of the Warrants by giving written notice to the holders thereof, and in such case, the Warrants will expire on the 30th day after the date on which such notice is given by the Company. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Offering may close in one or more tranches. Closing of the Offering is subject to customary closing conditions, including the approval of the CSE.

In connection with the Offering, the Company may enter into arrangements with one or more parties (the "Finders") to assist in identifying third-party subscribers. The Company may pay the Finders a cash commission of 6.0% of the gross proceeds raised from subscribers introduced by such Finders and issue to the Finders non-transferable warrants (the "Finder Warrants") equal to 6.0% of the number of Units sold to such subscribers, in each case subject to the policies of the CSE. Each Finder Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.10 for a period of 24 months following the closing date of the Offering.

The securities to be issued pursuant to the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.