Pacifica receives permits to drill new Claudia targets

Executive Summary

• Pacifica Silver Corp. has received permits to drill up to 153 additional sites at its Claudia project in Mexico, enabling exploration of high-priority targets identified by 2022 surface sampling.
• The company is reallocating drill rigs to test the Mina Vieja and Mina de Oro areas (previously untested) and conduct follow-up drilling at the Justina vein, while one rig continues definition drilling at Aguilarena.
• Recent surface rock chip samples returned significant high-grade gold and silver intercepts, including up to 23.6 g/t Au and 77 g/t Ag at Justina, and up to 22.7 g/t Au and 480 g/t Ag at Mina Vieja/Mina de Oro.

Key Details

• Permit Authorization: New permits authorize exploration drilling at up to 153 additional drill sites on the 100%-owned Claudia silver-gold project in Durango, Mexico.
• Mina Vieja and Mina de Oro Targets:
  • Located in the southern portion of the project.
  • Previously untested.
  • Surface rock chip samples returned up to 22.7 g/t Au and 480 g/t Ag.
  • Results extend the Aguilarena-Tres Reyes vein system potential by at least 500 meters south of the historical Tres Reyes mine.
• Justina Vein Area:
  • Surface rock chip samples returned up to 23.6 g/t Au and 77 g/t Ag.
  • Drill Hole 25CLAU059D intersected 2.10 m grading 3.53 g/t Au and 460 g/t Ag from 219.00 m downhole.
  • Included higher-grade interval: 0.80 m grading 9.01 g/t Au and 1,175 g/t Ag from 219.00 m.
  • Confirms high-grade mineralization at depth.
• Phase II Drill Program Status:
  • Three diamond drill rigs are active.
  • Two rigs will be reallocated to test Mina Vieja/Mina de Oro and follow up at Justina.
  • One rig remains dedicated to definition/expansion drilling at the Aguilarena vein system.
• Additional Sampling:
  • 172 additional surface rock chip samples collected from the southern portion of the project for assaying to refine geological models.
• QA/QC Details:
  • Drill samples analyzed by ALS Minerals (ALS) in North Vancouver, Canada (Fire assay with AA finish for Au; ICP-AES for Ag and other elements).
  • Surface samples analyzed by SGS de Mexico (Fire assay with AAS/Gravimetric finish for Au; ICP-AES for Ag).
  • Qualified Person: Patrick Loury, AIPG CPG.

Notable Quotes

• "We are very pleased to receive this new set of permits within six weeks of application... These approvals allow us to immediately follow up on our recent high-grade discovery at the Justina vein and to drill test the highly prospective Mina Vieja and Mina de Oro areas in the southern portion of the project for the first time." — Todd Anthony, CEO