CORRECTING and REPLACING Sinda Ltd. Announces Closing of Concurrent Placement with Strategic Partner, Fresnillo plc.

SAN MIGUEL DE ALLENDE, Mexico--(BUSINESS WIRE)--First paragraph of release dated July 28, 2026 should read: Sinda Ltd. (NYSE: SIND) (the "Company" or "Sinda") today issued a statement to confirm that on July 27, 2026, Sinda completed the closing of its previously announced concurrent private placement (the "Concurrent Placement") with Fresnillo plc ("Fresnillo"), pursuant to the Common Stock Purchase Agreement between Sinda and Fresnillo dated June 22, 2026 (the “Purchase Agreement”). At closing, Fresnillo purchased 7,939,544 shares of Sinda common stock at the Company's initial public offering price of $12.00 per share, for gross proceeds to the Company of approximately $95.3 million.

The updated release reads:

SINDA LTD. ANNOUNCES CLOSING OF CONCURRENT PLACEMENT WITH STRATEGIC PARTNER, FRESNILLO PLC.

Sinda Ltd. (NYSE: SIND) (the "Company" or "Sinda") today issued a statement to confirm that on July 27, 2026, Sinda completed the closing of its previously announced concurrent private placement (the "Concurrent Placement") with Fresnillo plc ("Fresnillo"), pursuant to the Common Stock Purchase Agreement between Sinda and Fresnillo dated June 22, 2026 (the “Purchase Agreement”). At closing, Fresnillo purchased 7,939,544 shares of Sinda common stock at the Company's initial public offering price of $12.00 per share, for gross proceeds to the Company of approximately $95.3 million.

Following the closing, the Company has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission. The filing of the registration statement does not represent a sale, an offering, or an intention to sell shares by Fresnillo. No shares have been sold pursuant to this filing, and Fresnillo remains subject to a 180-day lock-up agreement.

"The closing of the Fresnillo transaction marks a significant milestone for Sinda, leaving us well-capitalized to advance our operational objectives. Fresnillo, our neighbor in what they refer to as Guanajuato Sur, is the epitome of a sophisticated, long-term strategic partner, and we look forward to collaborating in the development of this most exciting district," said Daniel Muñiz Quintanilla, Executive Chairman of Sinda Ltd.

The Company reiterates the strategic importance of the investment from Fresnillo, the largest silver miner in the world. At the time of the transaction's announcement, Fresnillo underscored its confidence in Sinda, stating: "The Sinda Property is a large primary silver asset that has the potential to be a globally significant mining operation. Fresnillo is acquiring the Common Shares to enhance its exposure to attractive geological silver districts, complementary to the Company's organic portfolio."

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sinda Ltd.

Sinda is a silver exploration and development company with mineral projects in Mexico, featuring an estimated 369 million silver-equivalent ounces of Inferred Mineral Resources and 16 million silver-equivalent ounces of Indicated Mineral Resources, plus incremental Exploration Targets of 452 – 484 million silver-equivalent ounces. Backed by experienced mining investors and a management team with deep Mexican operating experience, Sinda expects to execute an aggressive exploration and drilling program, and to construct its underground decline enroute to commercial production.