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Magma Silver Provides Update on Niñobamba Silver-Gold Project, Peru

Vancouver, British Columbia--(Newsfile Corp. - September 2, 2026) - Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) ("Magma" or the "Company") provided an update on the advancement of its Niñobamba silver-gold project ("Niñobamba" or the "Project"), located in the Department of Ayacucho, Peru. The Company continues its engagement with two local communities with the objective of establishing the necessary surface access arrangements to allow Magma to undertake systematic exploration of the extensive high-sulphidation and low-sulphidation epithermal silver-gold system identified along the approximately 8-kilometre mineralized corridor.