Silver North's Veronica Property Yields 76.8% Lead with Previously Reported 2,860 g/t Silver Discovery at Betty Target

The most recent news release, dated December 11, 2025, from Silver North Resources Ltd. reports the final analytical results from its 2025 field exploration program at the Veronica Property, part of the GDR project in the Silvertip District, Yukon. The company announced high-grade lead assays, specifically 76.8% lead (Pb), from selective grab and float rock samples at the newly discovered Lodge and Cooper showings, which are within the larger Betty soil geochemical anomaly. This news also references the previously reported high-grade silver discovery of 2,860 g/t silver (Ag) from sample K665269, alongside 0.412 g/t gold, 0.13% copper, and 0.18% zinc. The CEO, Jason Weber, highlighted that lead mineralization, in the form of galena, is an important component of Carbonate Replacement Deposit (CRD) style mineralization in the district and that these float samples demonstrate the potential for high-grade silver and lead at the Betty Target, providing a strong basis for 2026 exploration plans.

This news is a positive follow-up to the initial discovery announced on October 28, 2025, which confirmed the presence of high-grade silver at the Veronica Property's Betty Target. The latest results further reinforce the prospectivity of Veronica by demonstrating significant high-grade lead mineralization in conjunction with the silver. This adds weight to the company's hypothesis of a CRD-style system, which is a desirable deposit type.

However, the key detail for a critical assessment is that these results are from "selective grab and float rock samples," not systematic drill intercepts. As explicitly stated in the company's disclaimer, "Grab and float rock samples collected in the program are selective by nature and may not necessarily represent the overall grade of underlying mineralization." While highly encouraging for defining future drill targets, these types of samples carry a higher degree of uncertainty regarding continuity and representativeness compared to drill core assays. The CEO's comment acknowledging "While only float, they do show the potential" further underscores this limitation.

Compared to the "Material - Positive" drill results released just days prior for the Haldane property (13.15m averaging 818 g/t Silver, and 14.4m averaging 231 g/t Silver), this Veronica news, while positive, does not reach the same level of materiality due to the nature of the samples. It enhances the geological understanding and outlines clear targets for future, more definitive, exploration, but it does not represent a confirmed extension or new definition of a mineralized body in the same way drill results do. Therefore, it is a routine positive development that confirms and adds detail to an earlier discovery, aligning with the company's exploration strategy for the Veronica property.

Silver North Resources Ltd. (SNAG) is a mineral exploration company focused on high-grade silver, gold, lead, and zinc projects in the Yukon Territory, Canada.

Flagship Project: The Haldane Silver Property in the Keno Hill silver district, Yukon, is considered the company's flagship project. * Development: In 2024, the company made a significant discovery at the Main Fault, identifying a new zone with high-grade silver-bearing quartz-siderite-sulphide veins. This included intercepts such as 1.83 meters (true width) of 1,088 g/t silver and 3.90 g/t gold. * 2025 Activity: The 2025 drill program at Haldane focused on expanding the Main Fault discovery along strike and downdip. Results from November and December 2025 confirmed significant extensions, including 13.15 meters at 818 g/t silver and 1.39 g/t gold (HLD25-31), described as the "best hole drilled on the property to date," and further extensions of 14.4 meters at 231 g/t silver (HLD25-35). * Royalties: The Haldane property is subject to a 2% NSR royalty held by Equity Exploration Consultants Ltd., who are also entitled to bonus share payments upon achieving certain mineral resource milestones.

Other Key Projects: * Tim Silver Project: Located 19 km northeast of Coeur Mining's Silvertip Project in southern Yukon. Coeur Mining Inc., through its subsidiary Coeur Silvertip Holdings Ltd., holds an option to earn up to an 80% interest by meeting exploration expenditures and funding a feasibility study. Coeur completed a 2,250-meter drilling campaign in 2024, confirming a CRD-style system. Analytical results from this program are pending. * GDR Project (including Veronica Property): The Veronica claim block, adjacent to the Tim property, is a new focus. An initial field exploration program in 2025 identified an untested multielement soil geochemical anomaly, suggesting CRD-style silver-lead-zinc mineralization. Recent prospecting confirmed high-grade silver (2,860 g/t) and lead (76.8%) from float and grab samples at the Betty Target. The GDR property is subject to a 2.4% NSR, 0.9% of which can be purchased for $2,000,000.