Pinnacle Closes Second and Final Tranche of Private Placement VANCOUVER, BRITISH COLUMBIA – TheNews...

Pinnacle Closes Second and Final Tranche of Private Placement VANCOUVER, BRITISH COLUMBIA – TheNewswire - October 2, 2026 - (TSXV: PINN, OTCQB: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. (" Pinnacle " or the “ Company ") has closed a second and final tranche of the non-brokered private placement first announced on July 17, 2026 (the “Offering”), subject to TSX Venture Exchange approval.  Pursuant to the closing of the second and final tranche of the Offering, the Company issued 9,096,132 units (the “Units”) at a price of $0.11 per Unit for gross proceeds of $1,000,575.00.  With the completion of this tranche, the Offering comprised total gross proceeds of $1,652,654 and consisted of a total of 15,024,132 Units with each Unit comprising one common share (“Share”) in the capital of the Company and one-half share purchase warrant ("Warrant").  Each whole Warrant shall be convertible into an additional Share at an exercise price of $0.16 for a period of 24 months from the date of issuance.   Finders' Fees consisting of $7,524.00 in cash commission and 68,400 non-transferable finders' warrants were paid in connection with the whole Offering. Each finder's warrant entitles the holder to acquire one common share at $0.16 cents per share over a 24-month period. The net proceeds raised from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, for project evaluations, and for general working capital.