IMPACT Silver Corp. (“IMPACT” or the “Company”) is pleased to announce that it has completed the first tranche (the “First Tranche”) of the non-brokered private placement (the “Private Placement”) announced on June 19th, 2019. Despite challenging junior mining markets, the Company has oversubscribed the financing originally announced for $1.0 million. At closing of the First Tranche, the Company received aggregate gross proceeds of $1,235,720.20, comprised from the issuance of 4,752,770 units (“Units”) of the Company at a price of $0.26. Each Unit consists of one common share (a “Share”) and one warrant (a “Warrant”). Each Warrant entitles the holder to acquire one Share at a price of $0.30 and expires in 36 month.