Announcement • Jul 22

Platauro Metals Corp. (TSXV:PURO) completed the acquisition of Alcon Silver Corp. for CAD 5 million.

Mexican Gold Mining Corp. (TSXV:MEX) entered into an arrangement agreement to acquire Alcon Silver Corp. on April 8, 2026. Under the terms of the Arrangement Agreement, Alcon shareholders will receive one post-consolidated share of Mexican Gold for each Company Share held such that, following the effective time of the Arrangement, the former Alcon shareholders will hold approximately 61% of the issued and outstanding common shares of Mexican Gold on a non-diluted basis. In connection with the Arrangement, Mexican Gold will complete a consolidation of the outstanding Purchaser Shares on a 1.6667-for-one basis (the “Consolidation”). Mexican Gold will also change its name to Platauro Metals Corp. as mutually agreed upon by the parties (the “Name Change”). In connection with the Arrangement, Mexican Gold intends to complete a non-brokered private placement of subscription receipts convertible into units of Mexican Gold for gross proceeds of up to CAD 2 million, or such other amount as may be mutually agreed by the parties, to be completed prior to the Effective Date. Prior to or concurrently with the Effective Time, all outstanding unsecured convertible debentures of Alcon, issued pursuant to a non-brokered private placement of such debentures for gross proceeds of up to CAD 242,650 and bearing interest at 12% per annum, will be automatically converted into Company Shares at a price of CAD 0.25 per share. Upon completion of the Arrangement, it is anticipated that management of the combined company will remain unchanged and the board of directors of the combined company shall consist of the following individuals: Jack Campbell, Director; John Larson, Director; Bruce Winfield, Director; and Nathan Lavertu, Director. Advisory Board includes Collin Kettell, Advisor; Robert S. Tyson, Advisor; and Darrell Rader, Advisor. The transaction is is subject to a number of conditions, including, among other items, receipt of all required shareholder, regulatory and third-party consents, including approval of the Arrangement by the TSX Venture Exchange. The Arrangement will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The Arrangement will require the approval of not less than 66% of the votes cast by the holders of Company Shares at a special meeting of Alcon shareholders. In addition to shareholder and court approvals, the Arrangement is subject to conditional approval of the TSXV for the listing and posting for trading of the Consideration Shares, and the satisfaction of certain other customary closing conditions. The board of directors of Alcon, after consultation with its financial and legal advisors and upon receipt of a fairness opinion from the Company's independent financial advisor, has unanimously determined that the Arrangement is fair to the holders of Company Shares and that the Arrangement is in the best interests of Alcon. The Alcon Board has unanimously resolved to recommend that Alcon shareholders vote in favor of the Arrangement Resolution. On June 12, 2026, it was announced the Mexican Gold Mining Corp. and Alcon Silver Corp. entered into a interim loan agreement. As of July 3, 2026, the shareholders of Alcon have approved the plan of arrangement. The closing date is expected to be on or about July 15, 2026. DLA Piper (Canada) LLP acted as legal advisor for Mexican Gold Mining Corp. Koffman Kalef LLP acted as legal advisor for Alcon Silver Corp. Platauro Metals Corp. (TSXV:PURO) completed the acquisition of Alcon Silver Corp. for CAD 5 million on July 20, 2026. Upon completion, Platauro directly owns and controls all of the issued and outstanding Alcon Shares and Alcon is now a wholly-owned subsidiary of Platauro. In connection with the completion, John Larson and Bruce Winfield, current directors of Alcon, have joined the board of directors of Platauro (the “Board”) and Ashley O’Neill has resigned from the Board. All the directors and officers of Alcon resigned from their positions and Platauro will apply for Alcon to cease to be a reporting issuer under applicable Canadian securities laws. Robert S. Tyson, former President and Chief Executive Officer of Alcon, was appointed as an advisor to Platauro.

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