Outcrop Silver's Treasury Soars: C$4.1 Million Infusion Fuels Ambitious Exploration Endeavors

Outcrop Silver & Gold Corporation (TSXV:OCG, OTCQX:OCGSF, FRA:DM8) has announced a significant bolstering of its financial position, adding a remarkable C$4.1 million to its treasury. This substantial capital injection stems from the exercise of common share purchase warrants, providing a robust foundation for the company's aggressive exploration and development programs, particularly at its flagship Santa Ana high-grade silver district in Colombia.

The successful exercise of these warrants underscores strong investor confidence in Outcrop Silver's vision and its promising portfolio of assets.

These specific warrants originated from a flow-through private placement that was completed in March 2023, demonstrating a consistent and sustained belief from shareholders in the company's long-term potential.

Ian Slater, President & CEO of Outcrop Silver, commented on this pivotal development, stating, "We are very pleased to significantly strengthen our balance sheet with this capital injection.

The continued support from our shareholders through the exercise of these warrants enables Outcrop to remain well-funded and continue its aggressive exploration efforts, especially at our high-grade Santa Ana silver district."

The financial details confirm that approximately C$4,103,250 was generated through the exercise of 13,677,500 common share purchase warrants, each at an exercise price of C$0.30 per share.

This strategic inflow of funds positions Outcrop Silver & Gold to accelerate its exploration activities, fund crucial drilling campaigns, and advance technical studies across its key projects, without immediate reliance on further equity financing.

Outcrop Silver's 100% owned Santa Ana project is particularly poised to benefit from this strengthened treasury.

Located in Colombia, Santa Ana is renowned for its high-grade silver mineralization, offering substantial potential for resource expansion and discovery. With this fresh capital, the company is well-equipped to unlock further value from this highly prospective district, driving towards significant milestones and enhancing shareholder value.

This financial achievement highlights Outcrop Silver's disciplined approach to capital management and its commitment to sustainable growth.

The company is now in an even stronger position to execute its strategic objectives, pursuing discoveries and developing its assets responsibly, reaffirming its status as a compelling player in the silver exploration sector.