Mithril Silver appoints Barr as exploration VP

Executive Summary

• Mithril Silver and Gold Ltd. appointed James Barr, PGeo, as Vice President, Exploration, effective immediately.
• Mr. Barr brings over 20 years of experience, most recently serving as interim VP of Exploration at SilverCrest Metals Inc. prior to its acquisition by Coeur Mining.
• In connection with the appointment, the company granted 800,000 stock options to Mr. Barr.

Key Details

• Appointment: James Barr appointed as Vice President, Exploration.
• Previous Experience: Former interim Vice President, Exploration at SilverCrest Metals Inc.; instrumental in advancing the Las Chispas mine and driving mineral resource growth prior to SilverCrest's acquisition by Coeur Mining (approx. $1.7 billion USD).
• Qualifications: Registered Professional Geoscientist (British Columbia); Bachelor of Science (Honours) from University of Waterloo; extensive experience in Mexico, Canada, US, Africa, and Europe.
• Option Grant Details:
  • Quantity: 800,000 stock options.
  • Exercise Price: $1.07 AUD per option.
  • Expiry Date: September 1, 2028.
  • Pricing Basis: Premium of 193% to the closing share price on the Australian Securities Exchange on February 27, 2026.

Notable Quotes

• "James is a highly respected exploration leader with a proven track record in Mexico, particularly in high-grade epithermal systems similar to those we are advancing at Copalquin... His direct experience at Las Chispas, from resource growth through mine ramp-up and ultimately to a successful billion-dollar acquisition, brings exactly the type of technical depth and operational insight we need as we scale our exploration efforts." — John Skeet, Managing Director and CEO, Mithril Silver and Gold Ltd.