OUTCROP SILVER CONTINUES TO EXTEND LOS MANGOS VEIN TO THE NORTH

Executive Summary

• Step‑out drilling in the northern shoot of the Los Mangos vein returned high‑grade intercepts, including 2.11 m @ 445 g/t Ag & 2.14 g/t Au (606 g/t AgEq) and 1.88 m @ 507 g/t Ag (509 g/t AgEq).
• The vein remains open along strike and at depth, with drilling now reaching ~150 m below surface—the deepest elevations drilled to date in this sector.
• Results reinforce strong structural‑lithological control by granodioritic intrusions and support the company’s plan to update its mineral resource estimate.

Key Details

• Hole DH476
• Interval 224.03–225.91 m (True Width 1.41 m): 1.88 m @ 507 g/t Ag, 0.03 g/t Au → 509 g/t AgEq.
• Interval 242.99–245.10 m (True Width 1.59 m): 2.11 m @ 445 g/t Ag, 2.14 g/t Au → 606 g/t AgEq.
• Additional Intercepts
• DH476 “Including” 225.23–225.91 m: 0.68 m @ 1,306 g/t Ag, 0.03 g/t Au → 1,308 g/t AgEq.
• DH476 “Including” 243.57–244.20 m: 0.63 m @ 333 g/t Ag, 3.64 g/t Au → 606 g/t AgEq.
• DH476 “And” 244.20–244.60 m: 0.40 m @ 1,663 g/t Ag, 3.59 g/t Au → 1,932 g/t AgEq.
• Hole DH478: 0.40 m @ 243 g/t Ag (245 g/t AgEq) and 0.30 m @ 709 g/t Ag (712 g/t AgEq).
• Geological Insight
• Northern shoot shows increased structural complexity, hosted locally by granodioritic intrusions, indicating strong control on high‑grade silver‑gold mineralization.
• Strategic Implications
• The step‑out results bolster the exploration upside at Santa Ana and underpin the company’s intent to issue an updated mineral resource estimate in the near term.

Notable Quotes

“The results from hole DH476, especially the multiple high‑grade intercepts at depth, reinforce the continuity and strength of the Los Mangos vein system… This continued success highlights the exploration upside at Santa Ana and supports our strategy of unlocking value through step‑out drilling and advancing toward our next mineral resource update,” – Guillermo Hernandez, Vice President of Exploration.