Prince Silver Provides Update on 2025 Drilling Program at the Prince Project, Nevada

Executive Summary

• Prince Silver Corp. reports that eight reverse‑circulation (RC) drill holes have been completed as part of its fully funded 2025 program at the Prince Silver Project in Lincoln County, Nevada.
• The 2025 drilling campaign targets near‑surface carbonate replacement and sediment‑hosted gold‑silver zones across a ~1,070 m structural corridor; assay results are expected in early 2026.
• The company plans to use the forthcoming assay data to refine geological models and advance toward an initial NI 43‑101 compliant mineral resource estimate.

Key Details

• Program Scope: Approximately 30 RC holes totaling ~21,000 ft (6,500 m) are planned for 2025.
• Completed Holes (as of release):
• PRC‑26 – 955 ft (291 m)
• PRC‑27 – 925 ft (282 m)
• PRC‑28 – 920 ft (280 m)
• PRC‑29 – 920 ft (280 m)
• PRC‑30 – 890 ft (271 m)
• PRC‑31 – 955 ft (291 m)
• PRC‑32 – 945 ft (288 m)
• PRC‑33 – 950 ft (289 m)
• Sampling: Continuous 5‑ft (1.5 m) RC chip samples collected; ~100 samples per hole (~500 ft or 152 m of assayed cuttings). Samples selected based on mineralization and alteration.
• Assay Timeline: Independent laboratory assays for six holes are underway; full assay results expected in early 2026.
• Historical Context: Historic drilling identified an “Exploration Target” of 25‑43 Mt with grades of 1.44‑1.57 % Zn, 0.78‑0.87 % Pb, 0.28‑0.40 g/t Au, 37‑40 g/t Ag and 3.62‑4.30 % Mn (based on 129 historic holes).
• QA/QC Program: Duplicate samples, certified field standards, blanks, and ISO‑accredited laboratory (Skyline Assayers & Laboratories Inc.) used; analyses include 43‑element MS‑ICP, wet chemical assays for Mn/Zn/Pb, fire assays for Au/Ag, and specific gravity measurements.
• Qualified Person: Technical information reviewed by John Hiner, SME Registered Member and Independent Geological Consultant (NI 43‑101 Qualified Person).

Notable Quotes

“This is the largest modern drill program undertaken at the Prince Project since historical drilling in 2012… we are very encouraged by the geological indicators we are seeing across the completed holes.” – Derek Iwanaka, CEO

Materiality Assessment: Non‑Material – Positive (operational progress update with no immediate financial impact but indicative of positive exploration momentum).