Highlander Silver Provides Update; Drilling Commences at Corani Silver Project

About this update from Highlander Silver Corp

Highlander Silver Provides Update; Drilling Commences at Corani Silver Project TORONTO, April 07, 2026 (GLOBE NEWSWIRE) -- Highlander Silver Corp. (TSX, NYSE American: HSLV) (“Highlander Silver” or the “Company”) is pleased to provide a portfolio update following the successful completion of its combination with Bear Creek Mining (see press release dated February 26, 2026). Daniel Earle, President and CEO of Highlander Silver, commented: “Highlander Silver is well positioned to fast-track project advancement across its portfolio of high-quality silver assets. This includes a focus on high-impact exploration, project optimization, and site preparation for development of Corani, the largest fully permitted primary silver project in the world, as well as permitting at San Luis, one of the highest M&I resource grade projects in both the gold and silver sectors. As of March 31, the Company had an unaudited cash balance of approximately US$100 million and no debt. The Mercedes gold-silver mine also made a positive cash contribution in its first month of operations following restructuring under our stewardship. We provide a summary of our baseline plans below and forecast a year-end cash balance of approximately US$60 million. This reflects a disciplined approach to spending that delivers on our core objectives while preserving flexibility to scale up our exploration programs later in the year.” Corani Silver Project – Puno, Peru Personnel Carlos Ojeda appointed Vice President & General Manager — Mr. Ojeda has held increasingly senior roles leading teams of up to 500 people in engineering, construction, ramp-up and optimization at Anglo American’s major Quellaveco open pit mine in Peru, with prior experience at other major open pit mines in the country, including Antamina, Mina Justa and Constancia Exploration The Company will provide a standalone exploration update later this quarter that includes early results from the exploration programs listed below: First-ever airborne magnetic survey totaling 620 line km, covering the majority of the land package completed54 km of planned 60 km induced polarization survey completed, with program expanded to 96 km to cover additional potential extensions interpreted from resultsFirst exploration drilling program in over a decade is now underway with the...

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