CEO LETTER TO SHAREHOLDERS

About this update from Outcrop Silver & Gold Corporation

[{"type":"text","content":"\n\n\nCEO LETTER TO SHAREHOLDERS\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\nCanada NewsWire\n\n\n\nVANCOUVER, BC, Dec. 17, 2025 /CNW/ -\nDear Fellow Shareholders,\nAs we close 2025, Outcrop Silver holds a rare asset: a true high-grade primary silver project in Colombia, a category with very few peers globally against a backdrop of prolonged supply constraints and growing demand. Assets like Santa Ana require patience, discipline, and a long-term mindset, because when handled correctly they have the potential to create exceptional value over time.\nAt the end of 2023, Outcrop Silver had a defined resource at Santa Ana and a strong conviction that the district was far larger than what had been captured in the model—but we still had to prove it. In 2024, we began doing exactly that by stepping out along the broader trend, securing the access required to drill new areas, and converting early targets into multiple new discoveries that validated the scale and continuity of the system.\n2025 was the year of execution. We surpassed our initial guidance of 24,000 metres, with more than 28,500 metres drilled to date,. During the year, we increased our discovery inventory to six, delivered major vein extensions, achieved a step-change in land access, and advanced technical work that strengthens future project economics.\nThe Company also reached important corporate milestones, including graduation to the Toronto Stock Exchange in November and completion of a $23 million oversubscribed financing. We attracted long-term institutional capital, with Jupiter Asset Management acquiring a 9.25% ownership position and Eric Sprott increasing his – shareholder position to over 20%, reflecting a meaningful shift toward a more strategic, long-term shareholder base. Supported by this execution and a strengthening silver market, Outcrop Silver's share price delivered gains of approximately 100% year-to-date, reaching a 52-week high of $0.47 on December 11.\n2026 is the delivery year. We expect to publish an updated resource that reflects what has b...

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