Sierra Madre Announces Upsize of Best Efforts Private Placement of Units to $16.5 Million

About this update from Sierra Madre Gold & Silver Ltd.

Sierra Madre Announces Upsize of Best Efforts Private Placement of Units to $16.5 MillionVancouver, British Columbia--(Newsfile Corp. - July 16, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce an upsize to its previously announced "best efforts" private placement. Under the amended terms, the Company will issue up to 23,572,000 units of the Company (each a "Unit") at a price of $0.70 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to $16,500,400 (the "Offering"). Beacon Securities Limited ("Beacon") is acting as lead agent and sole bookrunner, on behalf of a syndicate of agents including Canaccord Genuity Corp. (together with Beacon, the "Agents") in connection with the Offering.Each Unit will consist of one common share in the capital of the Company (a "Unit Share") to be issued pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"), and one half of one common share purchase warrant (each whole warrant a "Warrant") of the Company. Each Warrant will entitle the holder thereof to acquire one common share (a "Warrant Share") at a price per Warrant Share of $0.85 for a period of 12 months from the date of issuance.Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the Units will be offered for sale to purchasers resident in Canada, other than Quebec, pursuant to the Listed Issuer Financing Exemption. The securities issued under the Listed Issuer Financing Exemption to Canadian subscribers will not be subject to a hold period in Canada.An amended and restated offering document dated July 16, 2025 related to the Offering will be filed under the Company's profile at www.sedarplus.ca and on the Company's website at www.sierramadregoldandsilver.com. Prospective investors should read this offering document before making an investment decision.The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the "United States" (as such term is defined in Regulation S und...

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