Vancouver, British Columbia--(Newsfile Corp. - April 3, 2024) - Pantera Silver Corp. (TSXV: PNTR) ("Pantera" or the "Company") announces that further to its news release dated November 3rd, 2023, the TSX Venture Exchange has accepted and approved the amendment agreement dated October 30^th, 2023 (the "Amendment Agreement") to the Nuevo Taxco option agreement originally dated November 12^th, 2020 (the "Option Agreement") with respect to its right to acquire 100% ownership of concessions covering ~1,100 hectares at the Nuevo Taxco Silver Project ("Nuevo Taxco" or the "Nuevo Taxco Project"), located northwest of Taxco, Guerrero, Mexico.

Under amended terms, Pantera will issue 1,500,000 common shares in lieu of making a $150,000.00 final cash payment. A final share payment of 2,000,000 common shares will be due October 30^th, 2024. Under the amended terms, the Vendor has the option to accept the 2,000,000 shares or $150,000.00 cash plus 500,000 common shares. In addition, under the amended terms, all work commitments in the first two years of the original agreement have been met and any short fall has been waived. The timeline for completing the final work commitment of $800,000 has been extended to be completed by October 30^th, 2025.

With the Company receiving final approval of the Amending Agreement from the TSX Venture Exchange the 1,500,000 common shares will be issued with an effective date of April 2^nd, 2024. All shares issued in connection with the Amending Agreement will be subject to a statutory 4-month hold period from their respective date of issue.

Nuevo Taxco Property Highlights

• Twenty-one (21) high grade veins mapped and sampled within a ~135 hectare area of the property. All have substantial width and mapped lengths run from 150 to 800 meters and remain open along strike and depth.

• Over 395 samples taken to date have returned assays ranging from 100g/tonne to over 1,000 g/t Silver including three (3) samples (1,430, 1,230, 1,100 g/t), one hundred and nineteen (119) grading over 100 g/t Silver including eighteen (18) samples between 500-900 g/t Silver and ninety-two (92) between 100- 499 g/t Silver.

• Limited exploration drilling completed which confirmed mineralisation at depth and a new gold zone.

• Fully permitted for exploration drilling.

• The entire ~1,100-hectare property is considered substantively unexplored offering additional upside exploration potential.

Qualified Person and NI 43-101 Disclosure

Carlos Cham Dominguez is a "qualified person" within the meaning of the NI 43-101, and is responsible for the technical information disclosed in this news release. Mr. Dominguez is a member of the American Institute of Professional Geologists and a Certified Professional Geologist (CPG) No. 1176