IMPACT Silver Corp. announced a non-brokered private placement financing to issue 11,428,572 Life Units at an issue price of CAD 0.28 per Life Unit for the gross proceeds of CAD 3,200,000.16 and 11,111,111 standard private placement units at an issue price of CAD 0.27 per unit for the gross proceeds of CAD 2,999,999.97; aggregate gross proceeds of CAD 6,200,000.13 on April 30, 2024. Each LIFE Unit will consist of one common share and one half common share purchase warrant with each Warrant entitling the holder thereof to acquire one common share at a price of CAD 0.34 per Warrant Share for a period of 24 months from its date of issue.

Each Standard PP Unit will consist of one common share of the Company and one full Warrant, with each Warrant entitling the holder thereof to acquire one Warrant Share at a price of CAD 0.34 per Warrant Share for a period of 24 months from its date of issue. The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The Offering is scheduled to close on or about the week of May 15, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (the "Exchange").

The Company may pay finder's fees or commissions on a portion of the Offering, subject to compliance with the policies of the Exchange and applicable securities legislation. All common shares and Warrants issued as part of the Standard PP Units will bear a hold period of four months and one day from the date of issuance.