Pacifica Silver Announces $10 Million Brokered Financing

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NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

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VANCOUVER, British Columbia, Jan. 15, 2026 (GLOBE NEWSWIRE) — Pacifica Silver Corp. (“Pacifica” or the “Company”) (CSE: PISL) (OTCQB: PAGFF) is pleased to announce that it has entered into an agreement with Raymond James Ltd., as sole bookrunner and lead agent, on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a brokered private placement offering (the “Offering”) of 6,900,000 common shares of the Company (the “Common Shares”) at a price of $1.45 per Common Share (the “Offering Price”) for aggregate gross proceeds to the Company of up to $10,005,000.

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The Company has agreed to grant the Agents an option, exercisable, in part or in whole at the Agents’ sole discretion, up to 48 hours prior to the Closing Date (as defined below), to offer for sale up to an additional 1,035,000 Common Shares which is equal to 15% of the Common Shares comprising the Offering at the Offering Price.

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The net proceeds of the Offering will be used to advance exploration and drilling activity at the Company’s Claudia Project (the “Project”), located in Durango, Mexico, and for working capital and general corporate purposes.

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The Common Shares issued under the Offering will be issued and sold to eligible purchasers pursuant to the ‘listed issuer financing exemption’ under Part 5A of National Instrument 45-106 – Prospectus Exemptions as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “LIFE Exemption”), will be issued to purchasers in each of the provinces of Canada, except Québec, and other qualifying jurisdictions, including the United States on a private placement basis pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). The Common Shares to be issued and sold under the Offering will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

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There is an offering document related to the Offering that can be accessed under the Company’s issuer profile at www.sedarplus.ca and on the Company’s website at www.pacificasilver.com. Prospective investors should read this offering document before making an investment decision concerning the Common Shares.

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The Offering is expected to close on or about January 23, 2026 (the “Closing Date”) and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the Canadian Securities Exchange (“CSE”) and the applicable securities regulatory authorities. The Offering is subject to final acceptance of the CSE.

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The Common Shares have not been registered and will not be registered under the U.S. Securities Act, or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, “U.S. Persons” (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.