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Silverco Mining Audit Report / Information 2025

Jan 14, 2026

48054_rns_2026-01-14_1e274d85-5b09-47fd-8ec9-81eb51a1fd33.pdf

Audit Report / Information

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CONSENT OF QUALIFIED PERSON

TO: SILVERCO MINING LTD.

AND TO: TSX Venture Exchange
British Columbia Securities Commission
Alberta Securities Commission
Ontario Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan

I, Allan Armitage, Ph. D., P. Geo., author of the technical report entitled “Mineral Resource Estimate for the Cusi Ag-Au-Pb-Zn Project, Chihuahua State, Mexico” with a report date of January 14, 2026 and an effective date of October 20, 2025 (the “Technical Report”), do hereby consent to the public filing of the Technical Report by Silverco Mining Ltd. (the “Company”).

The Technical Report supports the news releases of the Company dated December 9, 2025. I also consent to the use of any extracts from, or a summary of, the Technical Report in the News Release.

I certify that I have read the News Release and that it fairly and accurately represents the information in the sections of the Technical Report for which I am responsible.

Dated the 14th day of January 2026.

“Original Signed and Sealed”

Allan Armitage, Ph. D., P. Geo.
SGS Canada Inc.