Silver Spruce Resources, Inc. Purchases 100% Interest in Pino de Plata Claims in Mexico

About this update from Silver Spruce Resources Inc.

BEDFORD, NS / ACCESS Newswire / July 14, 2026 / Silver Spruce Resources, Inc. (" Silver Spruce " or the " Corporation ") (TSXV:SSE) announces that it has successfully secured a 100% interest in the Pino de Plata claims ("Pino" or the "Property" ). Silver Spruce executed an assignment agreement on July 2, 2026 with the claims holder of the four Pino de Plata concessions, whereby Silver Spruce now wholly owns the four concessions and is the sole claims holder. This upgrades the ownership of Pino de Plata compared to the previous option agreement announced on May 30, 2025, which kept the claims in the former claims holder's name until further payments were made, as announced, and which had a three-year time limit to sell the Property. Location of the Pino de Plato project in Mexico in relationship to other porphyry copper deposits and prospects (red dots). Data from Hammarstrom, et.al., 2010. Under this new arrangement, Silver Spruce now owns the claims outright and there is no time limit on development, exploration, or sale. The terms are that Silver Spruce paid US$10,000 to the former claims holder and is required to pay to the former claims holder 10% of gross proceeds upon future sale of the claims. Additionally, a payment of US$15,000 is due in both 2027 and 2028; thereafter, an annual payment of US$25,000 is due each subsequent year. Annual payments cease upon sale of the claims. There are no royalties attached to the claims, and there are no exploration spending requirements. The assignment agreement is currently being registered with the Mexico Ministry of Mining. Silver Spruce has also had face to face meetings with landowner representatives, and legal counsel, in both Chihuahua and Hermosillo the past several months to discuss land access to Pino de Plata, geological exploration and development plans, and negotiations are ongoing. This is the first set of in person meetings with landowner representatives since 2019. The Company remains current on property taxes through the second half of 2026 on Pino de Plata and looks forward to advancing its proposed Phase 1 exploration drilling program. Mr. Paul K. Smith (P. Geo.) continues to advance the Corporation's technical information pertaining to the property as a whole, and to further refine its priority drill targets. Mr. Smith commented, "This represents a significant advancement for Silver Spruce's ownership of the Pino concessions, which is now direct and enduring. We look forward to finally get on the ground and complete preliminary geological surveys ahead of mobilizing drilling equipment upon negotiating a land access agreement."

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