Silverco Mining Confirms New Discovery Model, Drilling 7.5 m Grading 364 g/t AgEq at Cusi Property, Chihuahua, Mexico

Executive Summary

• Silverco Mining reports high‑grade silver-equivalent intercepts from its 2024 5,518 m diamond drill program at the Cusi Property, including a standout 519 g/t AgEq over 3.2 m in the Eduwiges Extension vein.
• The results support a structural model of down‑thrown extensions and justify a planned 15,000 m 2025 drill campaign aimed at expanding a higher‑grade resource to enable a potential mine restart in H2 2026.
• Overall, 14 holes were drilled, with multiple significant intercepts across the San Miguel and Eduwiges veins, demonstrating open‑ended mineralization both at depth and along strike.

Key Details

• Program Scope: 14 diamond drill holes, total 5,518 m (2024).
• Key Intercepts:
• Eduwiges Extension – 3.2 m @ 519 g/t AgEq (hole CU‑24‑10C).
• San Miguel Vein – 7.5 m @ 364 g/t AgEq (hole CU‑24‑08).
• Additional notable results: 425 g/t AgEq over 3.3 m, 365 g/t AgEq over 2.6 m, 301 g/t AgEq over 5.9 m, 322 g/t AgEq over 3.7 m.
• Historical Context: Cusi Mine was in production until Sep‑2023; prior historic drilling (2006‑07) returned up to 482 g/t Ag over 7.5 m but no work after ownership dispute.
• Structural Model: Down‑thrown block east of the Cusi fault is interpreted to host extensions of all major veins, now confirmed by recent intercepts.
• Future Work: 15,000 m drill program planned for 2025 with first assay results expected Q4 2025; aim to support a potential restart of operations as early as H2 2026, subject to financing and permitting.
• QA/QC: ~18 % control samples, analyses performed by ALS Minerals (ISO/IEC 17025 certified). Certified reference standards, blanks, duplicates used; data meet accuracy thresholds.
• Technical Disclosure: Reviewed by Nico Harvey, P.Eng., VP Project Development (Qualified Person under NI 43‑101).

Notable Quotes

“When we acquired the Cusi Mine in early 2024… our initial 2024 drill program has confirmed significant, open‑ended resource potential that we are now actively expanding.” – Mark Ayranto, CEO
“The discovery of 519 g/t AgEq over 3.2 m… marks the third vein with open mineralization confirmed in extension drilling.” – Mark Ayranto

All forward‑looking statements are subject to risks and uncertainties as detailed in the release.