Southern Silver Engages ICP Securities for Automated Market Making Services

Rhea-AI Summary

Southern Silver (OTCQB: SSVFF)/b) has engaged ICP Securities to provide automated market making services for its shares, using ICP’s proprietary ICP Premium® algorithm, in line with TSX Venture Exchange policies and applicable legislation. ICP will receive a fixed monthly fee of , plus taxes.

The agreement starts on July 15, 2026 with an initial four‑month term, then automatically renews in one‑month increments unless terminated with 30 days’ written notice. According to Southern Silver, there are no performance clauses, stock options, or other compensation. ICP is an arm’s length party, will primarily address temporary supply-demand imbalances, and will bear all trading costs without third‑party funding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Automated market making agreement with ICP effective July 15, 2026
• Fixed monthly fee of C$7,500 plus taxes for services
• No stock options or extra compensation tied to the engagement
• ICP bears all trading costs without third‑party funding involvement
• ICP classified as arm’s length party to Southern Silver

Negative

• Ongoing cash outflow of C$7,500 per month plus taxes
• Automatic monthly renewals unless 30 days’ written notice is given

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Vancouver, British Columbia--(Newsfile Corp. - July 15, 2026) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium®, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of July 15, 2026, and is for four (4) months (the "Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each month called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.

ABOUT ICP SECURITIES INC.

ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

ABOUT SOUTHERN SILVER EXPLORATION CORP.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas, gold-silver property. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway, both located in southern New Mexico, USA.

Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and supervised directly the collection of the data from the CLM project that is reported in this disclosure. He is responsible for and approves the presentation of the technical information in this disclosure.

On behalf of the Board of Directors

"Lawrence Page"

Lawrence Page, K.C.

President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-looking statements in this news release include statements regarding the commencement, duration and anticipated cost of the ICP engagement and the anticipated benefits of the market making services. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company's projects, and the availability of financing for the Company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305186

FAQ

What did Southern Silver (SSVFF) announce about automated market making on July 15, 2026?

Southern Silver engaged ICP Securities to provide automated market making services starting July 15, 2026. According to Southern Silver, ICP will use its ICP Premium® algorithm under a four‑month initial term with automatic one‑month renewals, subject to 30 days’ written termination notice.

How much will Southern Silver (SSVFF) pay ICP Securities for market making services?

Southern Silver will pay ICP Securities a monthly fee of C$7,500 plus applicable taxes. According to Southern Silver, this fixed fee covers ICP’s automated market making services, while ICP remains responsible for all costs incurred buying and selling the company’s shares in the market.

What is the term of Southern Silver’s market making agreement with ICP for SSVFF shares?

The agreement has an initial four‑month term starting July 15, 2026. According to Southern Silver, it then automatically renews for successive one‑month terms unless either party gives at least 30 days’ written notice before the end of the current term.

Does ICP receive stock options or extra compensation from Southern Silver (SSVFF)?

ICP does not receive stock options or other additional compensation from Southern Silver under this agreement. According to Southern Silver, compensation is limited to the C$7,500 monthly cash fee, with no performance factors included in the market making arrangement.

What is the role of ICP Securities in trading Southern Silver (SSVFF) shares?

ICP’s market making activity will primarily correct temporary supply and demand imbalances in Southern Silver’s shares. According to Southern Silver, ICP is an arm’s length party, bears all its trading costs, and receives no third‑party funds or securities for these activities.

Can ICP Securities or its clients buy Southern Silver (SSVFF) shares under this agreement?

ICP Securities and its clients may acquire an interest in Southern Silver’s securities in the future. According to Southern Silver, this possibility exists alongside ICP’s mandate to provide automated market making services and correct temporary imbalances in share supply and demand.