Vancouver, British Columbia, August 7, 2026 – TheNewswire – (TSXV: PINN, OTCQB: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. (“Pinnacle” or the “Company”) was pleased to announce that the first closing of its non-brokered private placement financing (the “Offering”), previously announced on July 13, 2026, was completed, raising gross proceeds of C$652,080. In connection with the first closing, the Company issued 5,928,000 units at a price of C$0.11 per unit. Each unit consisted of one common share in the capital of the Company and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at an exercise price of C$0.16 per share for a period of 24 months from the date of issuance.
Finder’s fees in connection with the Offering included a cash commission of C$7,524.00 and 68,400 non-transferable finder’s warrants. Each finder’s warrant entitled the holder to purchase one common share at a price of C$0.16 per share for a period of 24 months.
The net proceeds from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango State, Mexico, to conduct project evaluation, and for general working capital purposes.


