Kuya Silver Corporation announced a best efforts private placement of up to 4,500,000 units at a price of CAD 0.45 per unit for aggregate gross proceeds of up to CAD 2,025,000 on July 26, 2022. Each unit will consist of one common share and one transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.70 until the date that is 5 years from the date of issuance.

The transaction is expected to close on or about August 9, 2022, and is subject to certain conditions, including but not limited to the receipt of all necessary corporate and regulatory approvals, including the approval of the Canadian Securities Exchange. The securities issued will be subject to a hold period of four months from closing in accordance with applicable securities laws.