Kuya Silver Announces Grant of Stock Options

The grants cover annual director equity incentives and a one-time award to an independent strategic advisor.

Rhea-AI Summary

Kuya Silver (KUYAF) approved 525,000 stock options under its equity incentive plan, effective October 19, 2026, at C$0.50 per share.

Each option permits the purchase of one common share. Independent directors receive 475,000 options as their annual equity incentive, expiring five years from the grant date. An independent strategic advisor receives a one-time grant of 50,000 options, expiring after two years. The options vest in thirds on the grant date and its first and second anniversaries, subject to the plan and option agreements, including earlier termination.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.525,000 stock options at C$0.50 per share create potential dilution if exercised.

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Toronto, Ontario--(Newsfile Corp. - October 19, 2026) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") announces that, pursuant to its 10% rolling equity incentive plan (the "Plan"), it has approved the grant of an aggregate of 525,000 stock options (the "Options"), each exercisable to acquire one common share in the capital of the Company (a "Common Share") at an exercise price of C$0.50 per Common Share, effective October 19, 2026 (the "Grant Date").

Of the Options, 475,000 have been approved for grant to the Company's independent directors as their annual equity incentive and will expire five years from the Grant Date. The remaining 50,000 Options have been approved for grant to an independent strategic advisor to the Company, as a one-time grant in recognition of his contributions to the Company and will expire two years from the Grant Date.

The Options will vest as to one-third on the Grant Date, one-third on the first anniversary of the Grant Date and one-third on the second anniversary of the Grant Date. The Options are subject to the terms of the Plan and the applicable option agreements, including earlier termination in accordance with those terms.

Any Common Shares issued pursuant to the exercise of the Options, are subject to a hold period expiring 4 months and one day from the Grant Date.

About Kuya Silver Corporation

Kuya Silver is a Canadian‐based, growth-oriented mining company with a focus on silver. Kuya Silver operates the Bethania silver mine in Peru, while developing district-scale silver projects in mining-friendly jurisdictions including Peru and Canada.

For more information, please contact:

David Stein, President and Chief Executive Officer
Telephone: (604) 398‐4493
info@kuyasilver.com
www.kuyasilver.com

Reader Advisory

This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the grant, future vesting and exercise of the Options and the issuance of Common Shares upon exercise. Such information is based on management's current expectations and assumptions, including that the applicable grant conditions will be satisfied, recipients will satisfy the vesting conditions under the Plan and their option agreements, and vested Options will be exercised before expiry. Actual outcomes may differ materially as a result of risks and uncertainties, including the failure to satisfy applicable conditions, termination of a recipient's service, changes in the market price of the Common Shares, and Options expiring unexercised. Forward-looking information is not a guarantee of future performance, and readers should not place undue reliance on it. The Company undertakes no obligation to update forward-looking information except as required by applicable securities laws.

Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319850

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of Kuya Silver's October 2026 stock option grants?

Kuya Silver approved 525,000 options at C$0.50 per common share, effective October 19, 2026. Independent directors receive 475,000 options with five-year terms; an independent strategic advisor receives 50,000 with a two-year term. Each option purchases one common share.

When do Kuya Silver's October 2026 stock options vest?

The options vest one-third on the grant date, one-third on its first anniversary and one-third on its second anniversary. The grant date is October 19, 2026. The options remain subject to the plan and applicable option agreements, including earlier termination.

Are shares acquired through Kuya Silver's October 2026 options subject to a hold period?

Common shares issued upon exercise are subject to a hold period expiring 4 months and one day from the grant date of October 19, 2026.