Zacatecas Silver Corp. — Proxy Solicitation & Information Statement 2025

Nov 24, 2025

ZACATECAS SILVER CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7

Date: November 3, 2025

RE: Annual Meeting of the shareholders of Zacatecas Silver Corp. (the "Company") to be held on December 4, 2025 (the "Meeting")

I, Eric Vanderleeuw, the Chief Executive Officer of the Company, hereby certify that:

(a) arrangements have been made to have proxy-related materials for the Meeting sent in compliance with the applicable timing requirements set out in sections 2.9 and 2.12 of National Instrument 54-101 (the "Instrument");

(b) arrangements have been made to carry out all of the requirements of the Instrument in addition to those described in subparagraph (a); and

(c) the Company is relying on section 2.20 of the Instrument to abridge the time prescribed in subsection 2.2(1) of the Instrument.

"Eric Vanderleeuw"

Eric Vanderleeuw
Chief Executive Officer