VANCOUVER, BRITISH COLUMBIA, February 23, 2026 – Pinnacle Silver and Gold Corp. ($PINN) is pleased to announce that it has signed an amendment agreement with the vendor of the Potrero Project in Durango, Mexico. The original payment of US$750,000 due on February 21, 2026, will now be divided into three equal installments. The new payment schedule consists of payments of US$250,000 on February 24, May 24, and August 24, 2026, while all other cash payments and share issuances will remain unchanged.
Robert Archer, President and CEO of Pinnacle, expressed appreciation for the opportunity to spread out the payments, stating, “This will allow us to better budget our direct project costs and place more emphasis on advancing the project. With our recently completed financing, we are continuing our fast-track approach to production at El Potrero with the upcoming underground drilling program.”
El Potrero is located in the prolific Sierra Madre Occidental region of western Mexico, situated within 35 kilometers of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining), and the 250 tpd Topia Mine (Guanajuato Silver).
The project features high-grade gold-silver mineralization within a low sulphidation epithermal breccia vein system hosted in andesites of the Lower Volcanic Series, with three historic mines along a 500-meter strike length. Having remained in private hands for nearly 40 years, the property has yet to be systematically explored using modern methods, leaving significant exploration potential.
A previously operational 100 tpd plant on-site can be refurbished or rebuilt, and historic underground mine workings rehabilitated at relatively low costs to achieve near-term production once permits are secured. The property is road accessible, with a power line located within three kilometers.
Pinnacle will earn an initial 50% interest upon commencing production, with the goal of generating sufficient cash flow to further develop the project and increase the Company’s ownership to 100%, subject to a 2% NSR. This approach aims to be less dilutive for shareholders compared to relying solely on equity markets for financing growth.
About Pinnacle Silver and Gold Corp.: Pinnacle is focused on the development of precious metals projects in the Americas. The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system, offering the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project, which features an eight-kilometer-long target horizon. With a seasoned and highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.
For more information, visit www.pinnaclesilverandgold.com or contact through email at info@pinnaclesilverandgold.com or by phone at +1 (877) 271-5886 ext. 110.
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