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Core Silver Corp. Share Issue/Capital Change 2025

Jul 25, 2025

47848_rns_2025-07-25_143fddbe-3d7c-4bdd-8347-1d78af2f73b9.pdf

Share Issue/Capital Change

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51-102F3
MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Core Silver Corp. (formerly Core Assets Corp.) (the "Company")
Suite 1450 – 789 West Pender Street
Vancouver, BC, V6C 1H2

Item 2 Date of Material Change

July 21, 2025

Item 3 News Release

The news release was disseminated on July 21, 2025 and subsequently filed on SEDAR+.

Item 4 Summary of Material Change

The Company announced that it has granted stock options (the "Options") to purchase up to 1,170,000 common shares of the Company (the "Shares").

Item 5 Full Description of Material Change

5.1 Full Description of Material Change

The Company announced that that it has granted Options to purchase up to 1,170,000 Shares to certain directors, officers, employees and consultants of the Company pursuant to the Company's stock option plan. The Options are exercisable for a period of 4 years from the date of grant at a price of $0.61 per Share. The Options will vest immediately.

All of the Options and the Shares underlying the Options are subject to a hold period of four months and one day from the date of grant in accordance with the policies of the Canadian Securities Exchange and applicable securities laws.

5.2 Disclosure for Restructuring Transactions

N/A

Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

N/A

Item 7 Omitted Information

None

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2

Item 8 Executive Officer

Contact: Nicholas Rodway, President & CEO
Telephone: 604-681-1568

Item 9 Date of Report

July 25, 2025

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