BP Silver closes final tranche of private placement, raises C$10.02 million

Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - BP Silver Corp. (TSXV: BPAG) (OTCQB: BPSCF) (" BP Silver " or the " Company ") is pleased to announce the successful closing of the final tranche (the " Final Tranche ") of its previously announced non-brokered private placement (the " Offering "), for gross proceeds of C$635,000 Including the first and second tranches, the Company has raised aggregate gross proceeds of C$10,018,067 under the Offering. Tim Shearcroft, Founder and CEO, stated: "This Final Tranche completes a successful $10.02 million raise, delivered despite challenging market conditions. I would like to personally welcome our new shareholders and extend my sincere thanks to our existing shareholders for their continued support and confidence.

I would also want to recognize those who have supported the company in the marketplace. With this funding in place, BP Silver is now well positioned to advance our Cosuño Silver Project in Bolivia, while also evaluating new opportunities through our strong network." Pursuant to the Final Tranche, the Company issued 635,000 units (the " Units ") at a price of C$1.00 per unit for gross proceeds of C$635,000. Each Unit consists of one common share of the Company (a " Common Share ") and one-half of one common share purchase warrant (each whole warrant, a " Warrant ").

Each Warrant entitles the holder thereof to acquire one common share (a " Warrant Share ") at a price of C$1.30 per Warrant Share for a period of two years from the date of issuance. BP Silver intends to use the net proceeds of the Offering for exploration activities at the Company's Cosuño Silver Project (" Cosuño ") in Bolivia, including geophysical surveys and a Phase II drill program, as well as potential exploration at its Titiri project. The proceeds will also support the evaluation of other high-potential opportunities and be used for general working capital purposes.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The Offering remains subject to final acceptance of the TSX Venture Exchange (the " Exchange "). In connection with the Final Tranche, the Company paid finder's fees of C$24,000 and issued 24,000 non-transferable finder's warrants (the " Finder's Warrants ") to eligible parties, where applicable, in accordance with applicable securities laws and exchange policies.

Under the entire Offering, the Company paid arm's length finders total finder's fees of C$208,920 and issued 208,920 non-transferable Finder's Warrants. Each Finder's Warrant is exercisable at a price of C$1.30 per Common Share for a period of two (2) years from the date of issue. Under the first tranche of the Offering (the " Initial Tranche "), Rob McMorran, a director of the Company subscribed for 50,000 Units, contributing C$50,000 to the Initial Tranche.

This subscription constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 (" MI 61-101 "). However, the Company expects to be exempt from formal valuation and minority shareholder approval requirements under Sections 5.5(a) and 5.7(a) of MI 61-101, as his participation does not exceed 25% of the Company's market capitalization. This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America.