Silver Viper Hits 11.70 M @ 9.18 G/T Au And 352.0 G/T Ag Including 0.50 M @ 183.50 G/T Au And 6,850 G/T Ag While Infill Drilling At El Rubi And Expands The 5,000 M Drill Program At La Virginia Project In Sonora Mexico

The most recent news (March 23, 2026) reports exceptional drill results from the La Virginia Project in Sonora, Mexico. Highlighting the release is hole LV26-345, which intercepted 11.7m of 9.18 g/t Au and 352.0 g/t Ag, including a ultra-high-grade core of 0.5m at 183.5 g/t Au and 6,850 g/t Ag. These results are part of an expanded 5,000m program aimed at converting Inferred resources to Indicated at the El Rubi zone. This follows the March 16, 2026, definitive agreement to acquire 100% of the Coneto Silver-Gold Project from Fresnillo plc and Orex Minerals for US$15 million in shares.

The news is Material - Positive for several reasons: - Grade and Continuity: The 11.7m intercept at El Rubi confirms the presence of high-grade "bonanza" zones within the system, which significantly improves the potential economics of the project. - Strategic Validation: The acquisition of Coneto brings Fresnillo plc—the world’s largest primary silver producer—onto the share registry as a ~17% strategic shareholder. This provides massive technical and financial validation. - Resource Growth: The expansion of the drill program and the shift toward resource conversion suggest the company is moving toward a Pre-Feasibility stage. - Market Recognition: The company was named a Top 50 performer on the TSX-V in February 2026, following a 453% price appreciation in 2025, indicating strong momentum and institutional interest.

Silver Viper is a Canadian explorer focused on Mexico. Its flagship is the La Virginia Gold-Silver Project in Sonora, a large epithermal system. The El Rubi zone is the most advanced, characterized by high-grade quartz veining and brecciation. The company is also acquiring the Coneto Project in Durango, which adds a district-scale land package with extensive vein architecture.