Silver North Intersects 2.70 metres True Width (TW) of 327 g/t Silver, 0.27 g/t Gold, 4.05% Lead and 0.91% Zinc (402 g/t AgEq) in Step Out Drilling at the Haldane Silver Property, Yukon

Silver North Resources Ltd. (SNAG) has released the second batch of 2026 assay results from its Haldane project, completing 24 holes for a total of 6,169 meters. Results have been received for five of these holes, while 16 remain pending.

Hole HLD26-46, described as a 100-meter southwest step-out on the Main Fault, returned 3.84 meters at 259 g/t silver, 0.27 g/t gold, 4.04% lead, and 0.95% zinc, equivalent to 340 g/t silver-equivalent, from 203.67 meters. This interval includes 2.70 meters at 327 g/t silver, 0.27 g/t gold, 4.05% lead, and 0.91% zinc, equivalent to 402 g/t silver-equivalent. The estimated true widths for these intervals are 2.57 meters and 1.80 meters, respectively.

Hole HLD26-44, located northeast of the discovery section, returned a broad 24.1-meter interval at 120 g/t silver, 0.15 g/t gold, 0.32% lead, and 0.58% zinc, equivalent to 134 g/t silver-equivalent, from 253.9 meters, with an estimated true width of 16.3 meters. Within that interval, a 3.00-meter section returned approximately the same 120 g/t silver grade. A 0.40-meter subinterval returned 722 g/t silver, 0.38 g/t gold, 1.58% lead, and 2.35% zinc, equivalent to 754 g/t silver-equivalent, with a true width of 0.27 meters. A separate 0.45-meter interval returned 239 g/t silver, 0.73 g/t gold, 2.00% lead, and 4.38% zinc, equivalent to 370 g/t silver-equivalent, with a true width of 0.30 meters.

Hole HLD26-45 tested the footwall and returned narrow intervals, including 0.40 meters at 111 g/t silver, 0.48% lead, and 0.68% zinc, equivalent to 123 g/t silver-equivalent, with a true width of 0.26 meters. Another interval returned 0.50 meters at 27.5 g/t silver, 1.56 g/t gold, 0.10% lead, and 0.35% zinc, equivalent to 126 g/t silver-equivalent, with a true width of 0.33 meters.

Hole HLD26-43 cut 22.3 meters of structure, representing 16.5 meters of estimated true width, approximately 50 meters downdip. The company described the intersection as less coherent with lesser siderite-sulphide veining, and no assay grades were disclosed. Hole HLD26-42 cut the Main Fault approximately 120 meters downdip of HLD25-31; no assay grades were disclosed for this hole.

The release states that the mineralized Main Fault structure now covers approximately 200 meters by 365 meters and remains open along trend and downdip. Additionally, the company announced a C$15,000 three-month investor-awareness and marketing engagement with Apaton Finance GmbH.

Silver North Resources Ltd. (SNAG) is a pre-resource explorer rather than a producer. At a pro forma market capitalization of roughly C$20.8 million, a significant step-out result can influence sentiment, but the latest release does not alter the scale of the system enough to reset the equity’s valuation on its own.

The immediate anchor for the project remains HLD26-41, which reported 12.16 meters at 776 g/t AgEq over 10.67 meters true width, disclosed on October 14, 2026. That result did not embed a higher share price; the stock traded around C$0.23 at the time and at C$0.20 on November 9, indicating the current price is not demanding a repeat of that specific grade.

HLD26-46 returned 402 g/t AgEq over 1.80 meters true width, representing a meaningful step down from the anchor in both grade and width. The release adds 100 meters of strike continuity at moderate grade but does not demonstrate that the high-grade discovery section repeats to the southwest.

The broad 24.1-meter interval at HLD26-44 serves more as structural evidence than grade evidence. The 722 g/t Ag hit is too narrow to carry the interval, and the 3.00-meter “including” interval is not a higher-grade result.

The stock is near its 52-week low and has round-tripped from its January 2026 high, meaning the market is not pricing perfection and a modest positive extension can be received constructively. The expected share-price impact is modest positive to neutral, with the larger move dependent on the 16 pending holes rather than this batch alone.

Silver North Resources Ltd. (TSX-V/OTCQB/FSE: SNAG) is a junior explorer whose primary asset is the 100%-owned Haldane silver project. The 8,579-hectare property is road-accessible and located 25 km west of Keno City, Yukon, adjacent to Hecla Mining’s Keno Hill silver mine. The company also holds the Tim and Veronica silver projects in the Silvertip district of southern Yukon and northern British Columbia, where it is targeting carbonate replacement-style silver-lead-zinc mineralization.

Haldane serves as the company’s flagship asset, featuring three Keno-style silver vein discoveries across 24 drill holes, with the Main Fault identified as the principal target. Silver North Resources states it is fully funded for drilling operations in 2026 and 2027. The company currently generates no revenue and is a pure exploration story dependent on drilling results, financing, and the eventual definition of a mineral resource.

Prior-period financial context not disclosed in today’s release indicates that for the first quarter of 2026 (the three months ended December 31, 2025), the company reported cash of C$2.57 million, total equity of C$11.55 million, and 81.97 million shares outstanding. For the fiscal year 2025, operating cash flow was negative C$1.11 million, and capital expenditures were C$1.55 million.

Pro forma for the C$11.58 million gross financing completed in February 2026, which issued 4.98 million standard units and 17.11 million flow-through units, basic shares outstanding are approximately 104.1 million. At a price of C$0.20, this implies a basic market capitalization of about C$20.8 million.