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Highlights

  • VIPR acquired the Cimarron Project in Sinaloa through a share-based transaction with CSAC Holdings.
  • The Cimarron property is located along the Arizona-Jalisco porphyry belt with established access and infrastructure.
  • Silver Viper issued 9 million shares at CAD 0.20 each to acquire all CSAC common shares. 

Silver Viper Minerals Corp. ("Silver Viper" or the "Company") (TSXV: VIPR) (OTC: VIPRF) has completed the acquisition of the Cimarron Project, located in Sinaloa, Mexico. The project, which hosts a porphyry gold-copper system, was acquired from CSAC Holdings Inc. (“CSAC”), furthering the Company’s involvement in exploration activities across Mexico’s mineral-rich regions. 

The transaction, announced on June 23, 2025, follows a purchase agreement dated May 8, 2025, between Silver Viper, CSAC, and all CSAC’s shareholders (“the Vendors”). Under the terms of the agreement, Silver Viper acquired 100% of CSAC’s outstanding common shares in exchange for 9,000,000 common shares of Silver Viper. The shares were issued at a deemed price of CAD 0.20 each, implying a total transaction value of approximately CAD 1.8 million. 

The shares issued to the Vendors, who are at arm's length to the Company, are not subject to a hold period under Canadian securities laws. Additionally, no finders’ fees were paid in connection with the transaction. 

The Cimarron Project is situated within the prolific porphyry belt that stretches from Arizona to Jalisco, placing it within a geologically significant corridor known for its mineral potential. The project lies between the towns of Mazatlán and Rosario in the state of Sinaloa, a well-established mining jurisdiction in Mexico. Access to the site is relatively straightforward, with the property reachable via an 11-kilometre dirt road branching off from a nearby paved route. The area is characterized by low topographic contrast, which supports ease of transportation and on-site mobility. 

Further infrastructure includes an electrical line located approximately one kilometre south of the property boundary. The proximity to the towns of Rosario a long-standing mining centre and Mazatlán provides availability of skilled local labour and logistical support. 

Silver Viper noted that the technical information disclosed regarding the Cimarron Project adheres to the Canadian regulatory framework under National Instrument 43-101 (NI 43-101). The content has been reviewed and approved by Ben Whiting, P.Geo., who is a Qualified Person as defined under NI 43-101 standards. 

The acquisition adds to Silver Viper’s existing portfolio in Mexico. The company is based in Canada and is focused on mineral exploration, with a primary emphasis on precious metals. It is currently the 100% owner and operator of the La Virginia Gold-Silver Project located in Sonora. The La Virginia Project remains a key asset, while the newly acquired Cimarron property reflects the Company’s continued focus on exploration within prominent mineral belts across Mexico. 

The Company stated that the acquisition of Cimarron aligns with its broader approach of identifying and advancing early-stage exploration opportunities. While the property is in a relatively accessible and infrastructure-supported area, no assurances were provided about near-term development timelines or outcomes. 

Silver Viper intends to continue evaluating its newly acquired asset alongside its existing portfolio. Updates on exploration activities or future regarding the Cimarron Project have not yet been announced.