Blende Silver Corp. Receives Five-Year Class 3 Mining Land Use Approval for Flagship Blende Project, Yukon

Blende Silver Corp. received a Class 3 Quartz Mining Land Use Approval (No. LQ00608) from the Yukon Department of Energy, Mines and Resources on July 13, 2026. The approval grants a five-year regulatory window, running from July 13, 2026, to July 12, 2031, allowing the company to conduct advanced exploration across all 260 quartz claims of its 100%-owned Blende Silver-Zinc-Lead Project.

Permitted activities include diamond drilling, camp facilities for up to 50 persons (11,300 person-days), a 25,000 m² airstrip, 5 km of road upgrades, 2 km of new road construction, and on-site fuel storage. The operating season is defined as February 1 to September 15 annually, with winter access provided via the Wind River Winter Road. Management states this de-risks the project by providing certainty for sustained, multi-season drill programs and district-scale targeting currently underway with Ronacher McKenzie Geoscience.

Blende Silver Corp. (BAG) has secured a necessary regulatory approval that unlocks its planned 25,000-meter drill program and infrastructure upgrades. This permit removes a key bottleneck, allowing field operations to proceed without further regulatory delays. The development aligns with prior announcements regarding the Class 4 permit application and the 3D IP survey results, representing an expected, incremental step in the exploration lifecycle rather than a market-moving surprise.

The approval is classified as an exploration-stage permit, distinct from production or feasibility milestones. It does not generate revenue, reduce the company's going-concern risk, or materially change the fundamental risk profile of the asset. Financially, the company holds $871,021 in cash as of Q1 2026. While this balance is sufficient for immediate administrative costs and initial camp setup, additional equity financing will be required to fund the multi-year drilling campaign and the Preliminary Economic Assessment (PEA).

Blende Silver Corp. is an exploration-stage company focused on its 100%-owned Blende Silver-Zinc-Lead Project in the Keno Hill mining district, Yukon. The property covers 5,345 hectares across 260 quartz claims and is winter road accessible, located approximately 63 km northeast of Keno Hill. It is classified as the largest carbonate-hosted silver-zinc-lead deposit in Yukon.

Past exploration on the project totals over $9.2 million, including 25,195 meters of drilling across 132 holes. An NI 43-101 compliant mineral resource estimate effective March 15, 2021, reported the following:

• Indicated: 4,643 kt @ 4.60% ZnEq (1.82% Zn, 1.63% Pb, 30.32 g/t Ag)
• Inferred: 42,243 kt @ 4.49% ZnEq (1.83% Zn, 1.62% Pb, 27.48 g/t Ag)

The resource estimate used a cutoff of 1.5% ZnEq. Assumptions included $26/oz Ag, $1.30/lb Zn, and $1.00/lb Pb.