Outcrop Silver Appoints Corporate Development VP Ahead of Resource Update

• Executive appointment: Amandip Singh named Vice President, Corporate Development
• Professional background: 15 years experience in capital markets, M&A, and mining operations
• Previous transactions: Participated in GT Gold's $311 million Newmont acquisition and West Red Lake's $50 million raise
• Current operations: 24,000-metre drill programme underway with resource update scheduled for early 2026
• Compensation: 500,000 stock options granted at $0.29 exercise price, expiring August 2030

Outcrop Silver Corp. (TSXV:OCG, OTCQX:OCGSF, DE:MRG) operates the Santa Ana silver project in Colombia's Mariquita District. The company holds a 100% interest in the 27,000-hectare property, which encompasses mining titles and applications in a region with documented silver mining activity dating to 1585.

The company's current resource estimate, prepared by AMC Mining Consultants in June 2023, reports indicated resources of 1.226 million tonnes containing 24.2 million ounces silver equivalent at 614 grams per tonne, and inferred resources of 966,000 tonnes containing 13.5 million ounces at 435 grams per tonne silver equivalent. These resources span seven vein systems across the property.

Key Appointment to Lead Corporate Development

Outcrop Silver has appointed Amandip Singh as Vice President, Corporate Development, adding corporate finance expertise to the management team. Singh's background includes roles as exploration geologist, mining analyst, and corporate development professional across multiple mining companies including Apollo Silver, Magna Gold, and Aurelius Minerals.

Singh's transaction experience includes involvement in GT Gold's acquisition by Newmont for $311 million and participation in West Red Lake's corporate restructuring, which included the Madsen Mine acquisition and a $50 million financing round. His previous roles have encompassed both technical evaluation and capital markets activities within the mining sector.

The appointment creates a dedicated corporate development function within Outcrop Silver's management structure. According to the company, Singh's mandate includes institutional relationship development and evaluation of growth opportunities beyond the current drilling activities. The role represents an expansion of the company's executive capabilities as operations at Santa Ana advance.

Timing Aligned with Upcoming Resource Update

The appointment occurs during Outcrop Silver's ongoing 24,000-metre drill programme at Santa Ana, which remains fully funded according to company statements. Current drilling targets extension of known mineralisation and testing of additional areas along the property's 30-kilometre mineralised trend.

The company has announced six discoveries from recent drilling activities, with results intended to support an updated resource estimate scheduled for early 2026. This represents the first resource update since the initial estimate completed in 2023, which established the current resource base of 37.7 million ounces silver equivalent.

Singh joins the team approximately six months before the anticipated resource update release. The timing allows for coordination between technical results from the drilling programme and corporate development initiatives. The company has indicated the resource update represents a significant milestone in the project's development timeline.

Leverage Singh's Professional Background

Singh's experience spans geological evaluation, financial analysis, and transaction execution within the mining sector. His background includes technical roles in exploration and analytical positions covering mining equity markets, providing exposure to both operational and investor perspectives on mining projects.

Recent transaction involvement includes the GT Gold acquisition process, where Singh worked with the target company prior to its sale to Newmont Corporation. At West Red Lake, Singh participated in corporate restructuring activities including asset acquisition and equity financing initiatives. These transactions involved companies at different development stages within the precious metals sector.

President and CEO Ian Harris stated:

"Amandip brings the experience and judgement to help us think beyond that update. He's operated at the highest levels of M&A, knows how to unlock institutional capital, and understands how to build corporate value from the ground up."

Outlook and Next Steps

Outcrop Silver's immediate priorities include completion of the 24,000-metre drill programme and preparation of the updated resource estimate for early 2026 release. The drilling programme targets expansion of the existing resource base through extension of known mineralisation and testing of additional targets along the property's mineralised trend.

Singh's appointment establishes corporate development capabilities as the company approaches the resource update milestone. The addition of dedicated corporate development expertise may support institutional engagement activities and evaluation of strategic opportunities as the Santa Ana project advances through the development pipeline.

‍