Pinnacle Appoints Auramet Capital Partners, L.P. as Lead Project Financier for El Potrero Project

About this update from Pinnacle Silver And Gold Corp

Pinnacle Appoints Auramet Capital Partners, L.P. as Lead Project Financier for El Potrero Project (TheNewswire) VANCOUVER, BRITISH COLUMBIA, June 29, 2026 – TheNewswire - (TSXV: PINN, OTCQB: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to announce that it has signed an agreement with Auramet Capital Partners, L.P. (together with its affiliates, “Auramet”) appointing Auramet as Lead Project Financier to arrange, or provide to Pinnacle, non-equity project financing of up to US$5 million (“Project Financing”) for the development of the high-grade El Potrero gold-silver project in Durango, Mexico. The agreement provides for Pinnacle and Auramet to work towards a mutually agreeable Project Financing based on, and subject to, due diligence, operational and financial progress during a seven-month Exclusivity Period, and other conditions typical of transactions of this nature.  In addition, Auramet shall have the right of last offer to provide Project Financing, but is not obligated to do so.  The Agreement contains a standard non-solicitation clause with respect to any competing proposal and a break fee of US$400,000 in the event that Pinnacle accepts another offer. “This agreement is a significant step forward and we sincerely appreciate the support of Auramet as we advance El Potrero towards production,” stated Robert Archer, Pinnacle’s President & CEO.  “In keeping with our business model, our goal has been to secure a non-dilutive means of financing the development of the project in a timely fashion.  Having a well-known metal trader and financier such as Auramet to partner with, not only brings a lot of credibility but will give us financial flexibility without being captive to the volatility of capital markets as we move through the various stages of development.  Having enjoyed a long-standing relationship with the Auramet team, I am confident that they will be a reliable partner going forward.  By participating in our last financing, they have already demonstrated strong support for our management team, business model and the Potrero Project itself.” The development of El Potrero is advancing rapidly, with underground delineation drilling in progress, two phases of metallurgical testing ...

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