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Core Silver Corp. Share Issue/Capital Change 2026

Jan 17, 2026

47848_rns_2026-01-16_202b60cb-f390-4bdf-ac64-916340bc86ca.pdf

Share Issue/Capital Change

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FORM 51-102F3
MATERIAL CHANGE REPORT

Item 1: Name and Address of Company

Core Silver Corp. (the “Company”)
Suite 1450, 789 West Pender Street
Vancouver, BC V6C 1H2

Item 2: Date of Material Change

January 14, 2026

Item 3: News Release

News release dated January 14, 2026 was disseminated and subsequently filed on SEDAR+.

Item 4: Summary of Material Change

On January 14, 2026, the Company granted an aggregate 1,750,000 incentive stock options (each, an “Option”) and an aggregate 1,350,000 restricted share units (each, a “RSU”) to certain directors, officers and consultants under its stock option plan and long term incentive plan, respectively.

Item 5 Full Description of Material Change

On January 14, 2026, the Company announced the grant of Options to purchase up to 1,750,000 common shares of the Company (the “Shares”) to certain directors, officers, employees and consultants of the Company, pursuant to the Company’s stock option. The Options are exercisable for a period of four (4) years from the date of grant at a price of $0.81 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.

Additionally, the Company granted an aggregate of 1,350,000 RSUs which will vest on the date that is twelve (12) months from the date of grant. Each RSU represents the right to receive, once vested, one common share in the capital of the Company.

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

N/A

Item 7: Omitted Information

N/A

Item 8: Executive Officer

Nicholas Rodway, CEO, President
604.681.1568
[email protected]

Item 9: Date of Report

January 16, 2026