Metalero Acquires Bolivian Concessions Next to Large Silver Producer

Metalero Mining Corp. has made a significant strategic acquisition in Bolivia's prolific silver district, applying for three mineral concessions totaling approximately 230 square kilometers adjacent to the San Cristobal Mine, one of the world's largest silver producers. The acquisition comprises the San Cristobal East (SCE) and San Cristobal South (SCS) projects, positioned along the same Uyuni Fault System that controls emplacement of high-grade silver-lead-zinc deposits throughout the region.

The timing of this acquisition appears particularly opportune, as San Cristobal Mining is currently expanding operations through aggressive exploration with up to 14 drill rigs, having recently identified 12-13 years of additional sulphide ore reserves with potential to extend mine life to 2050. The mine currently produces approximately 38 million silver equivalent ounces annually at all-in production costs of $17 USD per ounce. Additionally, the company is exploring the nearby Isidorito prospect with 10 drill rigs, demonstrating continued confidence in the regional geology.

Metalero's properties benefit from exceptional infrastructure access, including paved roads, proximity to an international airport at Uyuni (75 km), and major electricity transmission lines. The regional geological setting has proven exceptionally productive, with nearby projects including the Pulacayo-Paca deposit (107 million ounces silver indicated resource) and the Cosuno project showing high-grade surface sampling up to 1,035 g/t silver. The San Vicente Mine, located 80 km east, has produced nearly 3 billion ounces of silver historically.

Metalero plans to commence the first modern exploration on these previously unexplored properties in June 2026, beginning with rock and soil sampling, mapping, and ground geophysical surveys, followed by airborne geophysical surveys. The company's strategy of acquiring large land packages adjacent to major producing mines in proven geological settings positions it well to benefit from the regional silver boom, particularly given the lack of historical modern exploration on their newly acquired concessions.