Alaska Silver Announces Appointment of Aaron Schutt as Director

Executive Summary

• Alaska Silver Corp. has appointed Mr. Aaron Schutt to its Board of Directors, effective May 13, 2026.
• The Company has issued a significant grant of restricted share units (RSUs) and stock options to directors, officers, employees, and consultants.

Key Details

• Director Appointment:
  • New Director: Mr. Aaron Schutt (effective May 13, 2026).
  • Professional Background: Current President and CEO of Doyon Limited; former Senior Vice President and COO of Doyon.
• Equity Grants:
  • Restricted Share Units (RSUs): 1,045,609 RSUs granted to directors and officers; units vest one year from the grant date.
  • Stock Options: 960,000 total options granted (including 500,000 to directors and officers).
  • Exercise Price: C$0.805 per share.
  • Term: Five years.

Notable Quotes

"We are extremely excited about strengthening our board of directors with the addition of Aaron Schutt. He has a long track record of success building numerous Alaska-based companies with a wide range of business lines. Having someone with deep roots in Alaska, as well as someone who is highly respected in the Alaskan business community will greatly expand our connections in our home state." — Kit Marrs, CEO

"I am very pleased to join the board of Alaska Silver. Alaska Silver's project area is in a part of Alaska I care deeply about and I look forward to helping responsible development move forward." — Aaron Schutt