October 9, 2026 – TheNewswire - Vancouver, Canada - Blende Silver Corp. (the “Company”) (TSX.V: BAG) (OTC: BAGGF) (WKN: A2QKT9) (FSE: BCW1) announces it has closed its non-brokered private placement announced August 20, 2026. The gross proceeds from the private placement total $2,672,500. Tranche two raised a total of $1,530,000, with $1,250,000 from the issuance of 5,000,000 Flow-Through units at a price of $0.25 and $280,000 from the issuance of 1,400,000 Non Flow-Through units at a price of $0.20. All units consist of one common share and one share purchase warrant exercisable at $0.30 per share to October 13, 2028. All warrants are Non-Flow-Through.  The proceeds from the private placement will be used to advance the Blende property and for general working capital. All securities will be subject to a four-month and one day hold period expiring February 14, 2027.

 

Insider participation by directors, officers and a pre-existing 10% holder for a total of $629,500 in tranche two constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units acquired by the insider, nor the consideration for the units paid by such insider, exceed 25% of the Company’s market capitalization.

 

Total finder’s fees for the private placement are $163,100 and 702,800 finder warrants. Finder warrants are non-transferable. Details by tranche are shown below.

 

Further to the tranche one disclosure in the September 17 news release, the recipient details for the $75,600 and 352,800 warrants paid to arms length finders follow:

Finder Name	Cash paid	Warrants issued
Haywood Securities Inc.	$   700	2,800 exercisable at $0.25 expiring September 16, 2028
PB Markets Inc.	24,500	98,000 exercisable at $0.25 expiring September 16, 2028
AB Cyprus Holding Ltd.   (sole owner: Andreas Becker)	19,250	Nil
Andreas Becker	Nil	96,250 exercisable at $0.20 expiring September 16, 2028
Ventum Financial Corp.	1,050	5,250 exercisable at $0.20 expiring September 16, 2028
Mohammad Shaygan	14,000	70,000 exercisable at $0.20 expiring September 16, 2028
Research Capital Corporation	16,100	80,500 exercisable at $0.20 expiring September 16, 2028

 

Finders fees for tranche two are $87,500 and 350,000 warrants paid to arms length finders follow:

Finder Name	Cash paid	Warrants issued
Ventum Financial Corp.	$ 7,000	28,000 exercisable at $0.25 expiring October 13, 2028
Glores Securities Inc.	38,500	154,000 exercisable at $0.25 expiring October 13, 2028
Primary Capital Inc.	42,000	168,000 exercisable at $0.25 expiring October 13, 2028

  

About Blende Silver Corp.

Blende Silver Corp. is a Vancouver-based resource company focused on silver-zinc-lead exploration and development at its flagship Blende Project in north-central Yukon. The 100%-owned property hosts a carbonate-hosted Ag-Zn-Pb mineral resource that has been described in published literature as the largest of its type in Yukon (M. Robinson and C.I. Godwin, Economic Geology, 1995). That characterization is based on information available as at the date of that publication and has not been independently verified or updated by the Company. The property covers 5,345 hectares, is winter road accessible, and is located approximately 63 km northeast of Keno Hill, Yukon.

The Blende property lies within the Keno Hill silver district, one of Canada’s highest-grade historic silver producing districts, currently being advanced by Hecla Mining Company. Mineralization at Keno Hill and on other properties near the Project is not necessarily indicative of mineralization on the Project. The property has undergone more than $9.2 million in past exploration ($5.2 million by Blende Silver), including 25,195 meters of drilling in 132 drill holes. The historical expenditure and drilling figures are derived from historical records that the Company has not independently verified, a Qualified Person has not done sufficient work to verify them, and they should not be relied upon. A review of historical and recent data has identified areas to the west, north, and east-southeast of the currently defined zones that the Company considers prospective for follow-up exploration.

 

On behalf of the Board of Directors

 

“Andrew H. Rees”

Andrew H. Rees

President & CEO

 

For further information, please contact:

Andrew H. Rees, President & CEO

Tel: 604-669-6463

 

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the mobilization of equipment and personnel, the anticipated timing and commencement of drilling, the scope, sequencing, and results of the planned multi-phase drill program, the interpretation and significance of the 3D IP survey data and identified chargeability anomalies, plans to mobilize over the winter road and to establish camp infrastructure and an airstrip, the potential for expanded exploration programs, the potential to update the mineral resource estimate, and the Company’s other plans and expectations. These statements are based on assumptions management believes to be reasonable and are subject to known and unknown risks, uncertainties, and other factors, including risks related to mineral exploration and development, the uncertainty of exploration results, weather and seasonal access, availability of equipment and personnel, permitting, and financing, that may cause actual results to differ materially from those expressed or implied. Geophysical anomalies, including IP chargeability responses, are not a direct indication of mineralization and may result from a variety of geological factors; there is no certainty that drilling will intersect economic or sub-economic mineralization. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities legislation, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

 

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them, and there is no certainty that all or any part of such resources will ever be upgraded to a higher category.