ICG Silver & Gold Announces Receipt of All Permits to Commence Phase 1 Drill Program at the Tuscarora District

Executive Summary

• ICG Silver & Gold Ltd. has received all required permits to commence its 3,000-metre Phase 1 drill program at the Tuscarora District in Nevada.
• The program will utilize 25 drill pads to systematically evaluate multiple high-priority silver-gold targets, including East Pediment, Grand Prize, Kings Vein, Modoc, South Navajo, and Battle Mountain.
• Major Drilling has been engaged as the drilling contractor, with immediate field activities focused on pad preparation, mobilization, and water logistics.

Key Details

• Permit Status: All regulatory permits secured to begin Phase 1 drilling operations.
• Program Scope: 3,000 metres of planned drilling across multiple priority target areas.
• Drill Pads: 25 pads designated to provide targeting flexibility and accommodate shallow oxide opportunities.
• Target Areas: East Pediment, Grand Prize, Kings Vein, Modoc, South Navajo, and Battle Mountain.
• Geological Focus: Test silver-gold targets within the Central and East Zones while advancing a broader district-scale exploration model.
• Contractor: Major Drilling engaged as the drilling contractor (previously announced June 3, 2026).
• Near-Term Activities: Drill pad and access preparation, final contractor mobilization, water logistics, and commencement of drilling.
• Project Context: Tuscarora District is a ~10,000-acre silver-gold epithermal system on the Carlin Trend in Elko County, Nevada, 100% owned by ICG. Historical work includes rock chip sampling, thousands of meters of RC/core drilling, and tens of kilometers of CSAMT geophysics.
• Exploration Rationale: Company believes the district remains underexplored by modern standards, particularly across target areas where historical work identified mineralization but lacked systematic follow-up.
• Qualified Person: Steven L. McMillin, P.G., of Rangefront Mining Services, reviewed and approved all scientific and technical information per NI 43-101.

Notable Quotes

• "This is an important step forward for ICG and the Tuscarora District. With permits now in hand, our team is positioned to begin executing the first modern, systematic drill program under ICG's leadership. The Phase 1 Drill Program is designed to test several silver-gold targets within the Central and East Zones while continuing to build a broader district-scale exploration model." — Korbon McCall, VP of Exploration