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❗MERCADO MINERALS HAS NOT PAID FOR THIS VIDEO. Terrahutton doesn't only make the invisible, investable, they also sponsored this video, making it free of YouTube ads: https://www.terrahutton.io/. By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may have a conflict of interest as they may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication. In general, viewers, listeners, and readers are encouraged to understand that this YouTube channel is a business that aims to receive compensation for the creation & publication of content. Viewers, listeners, and readers should should always assume there is a conflict of interest, as well biases. Viewers, listeners, and readers cannot and should not rely on anything said herein and are encouraged to conduct their own research as seek professional help. The information provided herein is general & impersonal in nature and meant for entertainment purposes only. Viewers, listeners, and readers acknowledge and agree that the information presented herein does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Resource Talks and all parties involved in the management of the business strictly disclaim any and all liability for losses and/or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of the content published by Resource Talks, or any decision made or action taken in reliance upon it. By consuming this content, all consumers vow to release Resource Talks and all parties involved in the management of the business from all claims, proceedings, or consequences. Nobody involved in the production of this publication is a licensed investment advisor. The views and opinions expressed in this interview are those of the guest and do not represent the views of Resource Talks and/or its affiliates and/or their personnel. No recommendations are being made to buy or sell any securities in this video. The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it. The minimum risk on anything mentioned in this publication is 100% loss of capital. Read official company filings on www.SedarPlus.ca. Timestamps: 00:00:00 Chapters 00:00:13 Very Important Warning 00:01:04 Mercado Minerals Company Overview 00:04:23 How could Mercado create value? 00:06:19 Is this the right CEO for Mercado? 00:09:33 Do insiders have real skin in the game? 00:12:32 Who else owns Mercado shares? 00:14:00 Could Vizsla eventually acquire them? 00:14:26 Why is the stock down? 00:17:37 Does management own any royalties? 00:18:37 What are the Copalito option terms? 00:20:18 What are the change-of-control fees? 00:21:09 What are the KPIs? 00:22:11 Why did previous operator leave? 00:24:58 Was reassaying 12 holes enough? 00:26:41 Did capital or geology prevent deeper drilling? 00:28:52 Did previous work leave liabilities? 00:30:28 What is the biggest unknown now? 00:31:43 How large must Copalito become to attract buyers? 00:32:49 Why isn’t 5 Señores prioritized for more drilling? 00:35:18 Where must El Agua’s next hole intersect? 00:36:14 Will Phase II use different drilling orientations? 00:36:53 What is the veins’ expected true thickness? 00:37:32 What drill spacing does the deposit require? 00:37:51 MRE next year? 00:39:37 Is the the system’s top preserved? 00:44:06 Which company does Mercado model itself after? 00:45:07 When will they do met testing? 00:45:34 When will they drill again? 00:46:40 Why drill Zamora alongside Copalito? 00:48:48 What slowed the previous drilling program? 00:50:48 Do they need additional permits? 00:51:09 What is Copalito’s community agreement status? 00:52:13 Has the safety situation changed? 00:54:10 What work remains before drilling can begin? 00:54:49 Does seasonality affect drilling? 00:55:19 How much cash do they have? 00:56:01 How much would Phase II cost? 00:56:29 What other costs remain? 00:57:19 What are the holding costs? 00:58:03 What does G&A cost? 00:59:37 How will Mercado market its story? 01:02:39 Do water, staffing, drilling, or safety pose risks? 01:04:04 What is happening at San Rafael and La California? 01:07:00 What is Mercado’s biggest investor criticism? 01:08:43 Catalyst Calendar 01:10:32 Very Important Warning - DO NOT SKIP This is a Mercado Minerals interview with CEO, Daniel Rodriguez.

Want to join us in Scottsdale? Save $500 on your ticket to Above & Beyond Summit 2026 using code THEDEEPDIVE here: https://abovebeyondsummit.com/ #Silver #mining #silverprice #stockmarket If you enjoy the conversations we bring to this channel, please consider subscribing. Nearly 9 out of 10 people who watch us aren’t subscribed yet, and your support genuinely helps us keep bringing you more interviews like this. In this conversation with Daniel Rodriguez, CEO & Director of Mercado Minerals Ltd. (CSE: MERC) (OTCQB: MRMNF), we discuss his view that silver has finally bottomed after losing roughly half its value from its January record and why he expects higher prices ahead. Daniel reviews Mercado’s completed 25-hole drill program at the Copalito Project, which increased the number of principal veins from six to eight and expanded the known strike length from eight to 11 kilometres. We also discuss the company’s new projects in Durango, early results from Zamora, security in Sinaloa and priorities for the next phase of exploration. If you found this interview useful, give the video a like, share it with someone following silver and tell us which junior mining company we should cover next. Chapters 0:00 Intro 0:29 Silver Has Found Its Bottom 1:49 Copalito Drill Results 3:43 New Projects and Sinaloa Security 5:43 Copalito and Zamora Next Steps Catch our full suite of content below: Website: https://thedeepdive.ca/ Twitter: https://twitter.com/TheDeepDive_ca Facebook: https://www.facebook.com/TheDeepDive.ca/ Instagram: https://www.instagram.com/the.deep.dive/ LinkedIn: https://www.linkedin.com/company/the-... ==================================================================== Looking for better insights on the markets? The Deep Dive Spotlights is providing exclusive industry insights from executives, insiders, technicians, specialists and more. We're upgrading our Canadian small cap coverage from written to visual, hitting investors with a double dose of market insights to provide a special look into just what's happening in the Canadian public markets. ================================================================= TheDeepDive.ca Team Writers: Jordan Lutz & Steve Hyland Producer: Chriz Rayos Host: Steve Hyland Post Production Head: Oveja Rayos ================================================================= **FULL DISCLOSURE:** Mercado Minerals Ltd. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Mercado Minerals Ltd. The author has been compensated to cover Mercado Minerals Ltd. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security. Disclaimer: Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.

It's been a busy first half of the year for Mercado Minerals, with exploration advancing across multiple projects and several important milestones positioning the Company for an active second half of 2026. In this latest video update, CEO Daniel Rodriguez provides an overview of recent progress and what shareholders can expect over the coming months. Here's what he covers: Copalito: The inaugural 3,000-metre drill program has been completed at the 5 Señores target, with additional assay results expected in the coming weeks. Exploration continues across multiple priority targets as Mercado works to demonstrate the district-scale potential of the project. Zamora: Systematic sampling is underway as the Company advances approximately 3,000 hectares toward drilling. Fourteen high-grade silver-gold vein occurrences have already been identified, helping define the next phase of exploration. San Dimas Growth Strategy: Mercado continues progressing the proposed acquisitions of two adjacent projects in the prolific San Dimas district. If completed, the combined 4,617-hectare land package would significantly expand the Company's exploration pipeline. Looking ahead, investors can expect additional drill results, project updates and continued news flow as Mercado advances exploration across its growing portfolio.

In this episode of The Morning Drive, we take a ride with Daniel Rodriguez, CEO & Founder of Mercado Minerals Ltd., for a conversation covering the company’s growing exploration story in Mexico, upcoming drill catalysts, and the broader commodity bull market. Daniel discusses Mercado’s flagship Copalita project, the company’s ongoing 3,000 metre drill program, strong treasury position, and the strategy behind expanding known vein systems while generating entirely new exploration targets. He also shares insights into Mercado’s strategic backing, institutional support, and why management believes the current market environment could present a major opportunity for junior mining investors. Daniel also opens up about his journey from Toronto to Vancouver’s mining finance scene, lessons learned through multiple market cycles, and how Mercado is positioning itself for long-term growth. Watch until the end for Daniel’s outlook on the junior mining sector and what investors should be watching next from Mercado Minerals. Learn more: https://www.mercadominerals.com/ Disclaimer This interview is a paid advertisement. It has been prepared on behalf of Mercado Minerals Ltd and paid for by Mercado Minerals Ltd. The purpose of this content is to provide information about the issuer and its business. Nothing in this interview should be construed as an offer to buy or sell securities, or as investment advice. We are not registered investment advisors, dealers, or analysts. Viewers should conduct their own independent research and consult with a licensed financial advisor before making any investment decisions. Investing in securities carries risks, including the possible loss of principal. This content is intended for informational purposes only and reflects the personal opinions of the participants at the time of recording. #GoldStocks #MiningStocks #JuniorMining #MercadoMinerals #Gold #Silver #Investing #TSXV #ResourceStocks #MiningNews

Daniel Rodriguez, CEO, Director, and Co-founder of Mercado Minerals Ltd. (CSE: MERC | OTCQB: MRMNF), joins Chen Lin at the Metals Investor Forum in Vancouver on May 8-9, 2026. Mercado Minerals is a silver-focused exploration company targeting new discoveries in Mexico’s emerging Western Silver Belt, part of the prolific Sierra Madre Occidental mining district. The company is advancing multiple exploration projects covering more than 3,000 hectares with a strategy focused on disciplined exploration, strategic growth, and discovery-driven results. Mercado’s team brings extensive experience in Mexican mineral exploration and is focused on unlocking value through silver discovery potential in one of the world’s most important mining jurisdictions. The companies presenting at the Metals Investor Forum are as vetted as it gets – they have already cleared the high hurdle of earning the coverage from the newsletter writers as companies with excellent management teams, strong financials, and promising projects. All newsletter writers stress that the first quality on that list – excellent management – is essential to the success of a junior mining company. The problem is that it’s hard to assess management without being able to look management in the eye and ask the questions that matter to you. The Metals Investor Forum gives you that opportunity. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit: Metals Investor Forum Follow us on social media: Twitter/X – Metals Investor Forum on X LinkedIn – Metals Investor Forum LinkedIn Facebook – Metals Investor Forum Facebook Instagram – Metals Investor Forum Instagram

Mercado Minerals CEO Daniel Rodriguez joined Steve Darling from Proactive to discuss the company’s advancing silver exploration projects in Mexico, including recent drilling success at the Copalito project and ongoing work at the Zamora property. Rodriguez explained that Mercado Minerals is focused on silver exploration along the western edge of the prolific Sierra Madre Occidental mining district in Sinaloa. The company acquired the Copalito project at the end of 2025. The property hosts six known silver and gold veins extending more than eight kilometres across the project area. Historical exploration included 81 drill holes, although management noted that only approximately 60% of the known veins had been tested previously and only to shallow depths of around 100 metres. Mercado Minerals has now completed roughly 70% of its current 3,000-metre drill program at Copalito. Initial assay results returned encouraging grades, including an intercept of 6.5 metres grading 256 grams per tonne silver and 1.46 grams per tonne gold, including a higher-grade section of 3.45 metres grading 445 grams per tonne silver and 2.26 grams per tonne gold. Rodriguez said the results demonstrate continuity of the mineralized system both along strike and at depth, supporting the company’s broader exploration thesis for the property. The CEO also provided an update on the Zamora project, which has not yet been drill tested. Mercado Minerals is currently working to restore additional claims into good standing while advancing surface exploration activities across the property. Early sampling at Zamora has returned multi-kilogram silver values along with elevated gold grades, and the company plans to advance toward drilling once the required administrative work is completed. Management believes its combination of historical exploration data, underexplored vein systems, and expanding drilling activity positions Mercado Minerals for continued exploration growth in one of Mexico’s most prospective silver regions. #proactiveinvestors #mercadominerals #cse #merc #otcqb #mrmnf #SilverExploration #CopalitoProject #ZamoraProject #MexicoMining #SilverDiscovery #GoldSilver #DrillingResults #MineralExploration #Sinaloa #SierraMadreOccidental #HighGradeSilver #ResourceDevelopment #ExplorationUpdate #JuniorMining

Daniel Rodriguez, CEO, Director & Co-founder of Mercado Minerals Ltd. (CSE: MERC | OTCQB: MRMNF), joins Jeff Clark of TheGoldAdvisor.com at the Metals Investor Forum in Vancouver on May 8-9, 2026. Mercado Minerals is a silver-focused exploration company targeting new discoveries in Mexico’s emerging Western Silver Belt within the prolific Sierra Madre Occidental mining district. The company is advancing multiple exploration projects spanning more than 3,000 hectares and is focused on creating shareholder value through disciplined exploration, strategic growth, and discovery-driven results. Mercado’s leadership team brings extensive experience in Mexican mineral exploration and is targeting the next potential world-class silver discovery in the region. The companies presenting at the Metals Investor Forum are as vetted as it gets – they have already cleared the high hurdle of earning the coverage from the newsletter writers as companies with excellent management teams, strong financials, and promising projects. All newsletter writers stress that the first quality on that list – excellent management – is essential to the success of a junior mining company. The problem is that it’s hard to assess management without being able to look management in the eye and ask the questions that matter to you. The Metals Investor Forum gives you that opportunity. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit: Metals Investor Forum Follow us on social media: Twitter/X – Metals Investor Forum on X LinkedIn – Metals Investor Forum LinkedIn Facebook – Metals Investor Forum Facebook Instagram – Metals Investor Forum Instagram

Daniel Rodriguez, CEO, Director, and Co-founder of Mercado Minerals Ltd. (CSE: MERC | OTCQB: MRMNF) presents at Metals Investor Forum in Vancouver on May 8-9, 2026. ____________________________________________________________ The companies presenting at the Metals Investor Forum are as vetted as it gets – they have already cleared the high hurdle of earning the coverage from the newsletter writers’ as companies with excellent management teams, great financials and promising properties. All newsletter writers’ stress that the first quality on that list – excellent management – is essential to the success of a junior mining company. The problem is that it’s hard to assess management without being able to look them in the eye and ask the questions that matter to you. The Metals Investor Forum gives you that time. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit www.metalsinvestorforum.com Follow us on social media: Twitter - https://twitter.com/MetalsInvtForum LinkedIn - https://www.linkedin.com/company/metals-investor-forum/?originalSubdomain=ca Facebook – https://www.facebook.com/Metals-Investor-Forum-102799608408584 Instagram - https://www.instagram.com/metalsinvestorforum/

Register here for The 2026 Rule Symposium on Natural Resource Investing: LINK HERE: https://cvent.me/XOqdLa?via=TheDeepDive.ca #gold #silver #mining #goldprice #stockmarket #mexico In this conversation with Daniel Rodriguez, CEO of Mercado Minerals Ltd. (CSE: MERC) (OTCQB: MRMNF), we discuss the company’s latest drill program at Copalito, what management is trying to prove with this phase of work, and why the existing footprint may still have a lot more room to grow. Daniel explains the focus on strike length, depth extensions, and new target generation, while also breaking down how recent geophysics, LiDAR, and reassaying work are helping tighten up the geological picture and reduce uncertainty going forward. We also get into the broader operating backdrop in Mexico, how the company is thinking about safety and local conditions on the ground, and what investors should be watching over the next 12 months as results begin to come in. What makes this discussion stand out is that it is not just about one drill campaign. It is about proving that a project with significant historic work behind it may still be underdrilled, underfollowed, and capable of delivering a much bigger story from here. If you value real mining conversations without the usual noise, subscribe to the channel and share this with someone else who takes this market seriously. That support helps us keep bringing on guests like this and asking the questions that matter. Catch our full suite of content below: Website: https://thedeepdive.ca/ Twitter: https://twitter.com/TheDeepDive_ca Facebook: https://www.facebook.com/TheDeepDive.ca/ Instagram: https://www.instagram.com/the.deep.dive/ LinkedIn: https://www.linkedin.com/company/the-... ==================================================================== Looking for better insights on the markets? The Deep Dive Spotlights is providing exclusive industry insights from executives, insiders, technicians, specialists and more. We're upgrading our Canadian small cap coverage from written to visual, hitting investors with a double dose of market insights to provide a special look into just what's happening in the Canadian public markets. ================================================================= TheDeepDive.ca Team Writers: Jordan Lutz & Steve Hyland Producer: Chriz Rayos Host: Steve Hyland Post Production Head: Oveja Rayos ================================================================= Disclaimer: Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses. 00:00 Introduction 00:51 The New Drill Program at Copalito 01:31 What They’re Trying to Prove 02:35 What the New Surveys Changed 04:02 Why the Reassays Matter 05:34 Operating in Mexico Right Now 06:51 What Success Looks Like This Year