Kuya Silver Declares Issuance of Fairness Awards and Debt Settlement

Toronto, Ontario–(Newsfile Corp. – January 25, 2023) – Kuya Silver Company (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the “Firm” or “Kuya Silver“) broadcasts that, pursuant to its 10% rolling fairness incentive plan, it has authorized the grant of 650,000 restricted share items (“RSUs“) and 550,000 inventory choices (“Choices“) to accumulate widespread shares within the capital of the Firm (every a “Frequent Share“), to sure officers and staff (the “Fairness Grant“). The Choices are exercisable till January 25, 2028 at a value of $0.35 per Choice and are topic to vesting provisions. The RSUs will vest and convert into Frequent Shares, for no further consideration, in tranches. Any Frequent Shares issued pursuant to the Fairness Grant, are topic to a maintain interval expiring Could 26, 2023, until written approval to problem the Frequent Shares with out the maintain interval is obtained from the Canadian Securities Trade (the “Trade“).

The Firm additionally broadcasts that it’s finishing a debt settlement with Electra Battery Supplies Company efficient January 31, 2023, which can lead to an combination of $150,000 of indebtedness being retired in consideration for the issuance of Frequent Shares at a deemed value per Frequent Share equal to the amount weighted common closing value of the Frequent Shares on the Trade for the 20 buying and selling days instantly previous to the issuance being accomplished (the “Debt Settlement“). The debt pertains to a reimbursement of prior exploration expenditures made by Electra on behalf of Kuya Silver. The Frequent Shares issued in reference to the Debt Settlement are topic to a maintain interval expiring Could 26, 2023.

About Kuya Silver Company

Kuya Silver is a Canadian‐primarily based mineral exploration and growth firm with a give attention to buying, exploring, and advancing valuable metals belongings in Peru and Canada.

For extra info, please contact:

David Stein, President and Chief Govt Officer
Phone: (604) 398‐4493
[email protected]
www.kuyasilver.com

Reader Advisory

This information launch comprises statements that represent “forward-looking info,” together with statements relating to the plans, intentions, beliefs, and present expectations of the Firm, its administrators, or its officers with respect to the long run enterprise actions of the Firm. The phrases “could,” “would,” “might,” “will,” “intend,” “plan,” “anticipate,” “imagine,” “estimate,” “anticipate,” “should,” “subsequent,” “suggest,” “new,” “potential,” “potential,” “goal,” “future,” “verge,” “beneficial,” “implications,” and “ongoing,” and comparable expressions, as they relate to the Firm or its administration, are supposed to determine such forward-looking info. With out limiting the generality of the foregoing statements, any dialogue of the potential of exploration targets is forward-looking info. Traders are cautioned that statements together with forward-looking info usually are not ensures of future enterprise actions and contain dangers and uncertainties, and that the Firm’s future enterprise actions could differ materially from these described within the forward-looking info on account of numerous components, together with however not restricted to fluctuations in market costs, successes of the operations of the Firm, continued availability of capital and financing, and common financial, market, and enterprise situations. There may be no assurances that such forward-looking info will show correct, and subsequently, readers are suggested to depend on their very own analysis of the dangers and uncertainties. The Firm doesn’t assume any obligation to replace any forward-looking info besides as required beneath the relevant securities legal guidelines.

Neither the Canadian Securities Trade nor the Funding Business Regulatory Group of Canada accepts duty for the adequacy or accuracy of this launch.

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/152515