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Blende Silver Corp. Capital/Financing Update 2021

Feb 5, 2021

46668_rns_2021-02-04_e2e7d68b-c8f7-4282-939f-42b24b8c34ad.pdf

Capital/Financing Update

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BLENDE SILVER CORP. (BAG:TSX-V) Suite 804 - 750 West Pender Street Vancouver, B.C. V6C2T7 Telephone:604-682-2928 www.blendesilver.com

OPTIONS GRANTED

February 1, 2021 - Vancouver, Canada – Blende Silver Corp. (the “Company”) (TSX.V: BAG) announces that pursuant to its stock option plan, the Company has granted 2,200,000 stock options to directors, officers, employees and consultants. All options have an exercise price of $0.10 for a period of 30 months from the date of the grant.

About Blende Silver Corp.

Blende Silver Corp. (formerly Blind Creek Resources Ltd.) is a Vancouver-based junior resource company focused on lead-zinc-silver project acquisition, exploration and development. The Company's flagship property is the Blende Deposit in north-central Yukon. The property is 100% owned, winter-road accessible 5,345 ha and situated 63 km northeast of Keno Hill, Yukon. The property is the largest carbonate-hosted Ag-Zn-Pb deposit in Yukon and one of the largest undeveloped Ag-Zn-Pb deposits in Western Canada. The property has had more than $9.2M in past exploration ($5.2M by Blende Silver); including 25,195 meters of drilling in 132 drillholes.

On Behalf of the Board of Directors

Blende Silver Corp.

“Glen Macdonald” Glen C. Macdonald Director

CONTACT INFORMATION Corporate Inquiries: Dale Dobson: (604) 682-2928 Email: [email protected]

Neither the 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.

BlendeSilver.com TSX.V: BAG