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

(via TheNewswire)   July 21, 2026 – TheNewswire - Vancouver, Canada - Blende Silver Corp. (the “Company”) (TSX.V: BAG) (OTC: BAGGF) (WKN: A2QKT9) (FSE: BCW1) is pleased to announce that the Yukon Department of Energy, Mines and Resources has granted the Company a Class 3 Quartz Mining Land Use Approval (Approval No. LQ00608) for its 100%-owned Blende Silver-Zinc-Lead Project in north-central Yukon. The approval is effective July 13, 2026, and is valid through July 12, 2031, providing the Company with a five-year permitting window to conduct advanced exploration across the project.   The Class 3 approval represents the final major permit required for the Company to execute its planned multi-year exploration programs at Blende and covers all 260 quartz claims comprising the project.   Highlights of the Approval   Five-year term (July 13, 2026 to July 12, 2031) covering all 260 quartz claims   Diamond drilling approved across the project area   Operating season of February 1 to September 15 annually   Camp facilities for up to 50 persons, supporting up to 11,300 person days of work   Permitted airstrip (25,000 m2), providing enhanced air access to the project   Upgrading of 5 km of existing access and construction of 2 km of new road   Winter access via the Wind River Winter Road (two round trips per year)   On-site fuel storage sufficient to support sustained drilling and camp operations     Andrew H. Rees, President and CEO, stated: “This approval is a major de-risking milestone for Blende Silver. With a five-year Class 3 permit in hand covering the entire claim package, the Company now has the regulatory certainty to plan and execute sustained, multi-season drill programs at what is the largest carbonate-hosted silver-zinc-lead deposit in Yukon. The permitted airstrip and camp infrastructure will materially improve the efficiency and cost profile of our field operations. Combined with the district-scale targeting work currently underway with Ronacher McKenzie Geoscience, Blende is now positioned to advance aggressively toward resource growth.”   The Company acknowledges the First Nation of Na-Cho Nyak Dun, on whose traditional territory the Blende Project is located, and looks forward to continued engagement and communication as exploration programs advance. The Company is committed to responsible exploration, progressive reclamation, and full compliance with all conditions of the approval, including wildlife, heritage, and environmental protection measures.   Project Context and Mineral Resource Base   The Blende Project hosts the largest carbonate-hosted silver-zinc-lead deposit in the Yukon (M. Robinson and C.I. Godwin, Economic Geology 1995) . A mineral resource estimate prepared in accordance with National Instrument 43-101 at a 1.5% ZnEq cutoff, as disclosed in the Company’s news release dated May 20, 2021, is reproduced below:   2021 Mineral Resource Estimate (1.5% ZnEq cutoff) Source Class Tonnage (kt) ZnEq (%) Zn (%) Pb (%) Ag (g/t) NSR (C$/t) Ox Ratio Zn (Mlb) Pb (Mlb) Ag (Koz) 2021 Indicated 4,643 4.60 1.82 1.63 30.32 101.85 0.08 187 167 4,526 2021 Inferred 42,243 4.49 1.83 1.62 27.48 99.41 0.21 1,706 1,505 37,320   The mineral resource estimate for the Blende Project was prepared by Sue Bird, P.Eng., of Moose Mountain Technical Services, an independent Qualified Person as defined by National Instrument 43- 101, and was disclosed in the Company’s news release dated May 20, 2021. The estimate was prepared in accordance with the 2014 CIM Definition Standards and the 2019 CIM Best Practices Guidelines. The mineral resource figures in this news release are reproduced from that disclosure and have not been updated.   The mineral resource estimate is reported at a 1.5% ZnEq cutoff and is based on the metal price, exchange rate, recovery, and cost assumptions set out in the Company's news release dated May 20, 2021, including silver at US$26 per ounce, zinc at US$1.30 per pound, and lead at US$1.00 per pound. Metal prices have changed since the effective date of the estimate, and the estimate has not been updated to reflect current prices. The Company has not undertaken a re-estimation and expresses no view as to the effect, if any, of current metal prices on the estimate. Readers should not rely on the estimate as reflecting current market conditions. Historical exploration defined the East and West Zones, two primary mineralized zones located approximately two kilometers apart.   Next Steps   With the Class 3 approval in hand, the Company intends to plan and advance exploration programs across the Blende Project over the coming seasons, subject to the conditions of the approval and applicable regulatory requirements.   About Blende Silver Corp.   Blende Silver Corp. is a Vancouver-based junior resource company focused on silver-zinc-lead exploration and development at its flagship Blende Project in north-central Yukon. The 100% owned property is the largest carbonate-hosted Ag-Zn-Pb deposit in Yukon and one of the largest undeveloped carbonate-hosted Ag-Zn-Pb deposits in Western Canada. The property covers 5,345 hectares, is winter road accessible, and is located approximately 63 km northeast of Keno Hill, Yukon.   The Blende property lies within the Keno Hill silver district, one of Canada’s highest-grade historic silver producing districts, currently being advanced by Hecla Mining Company. The property has undergone more than $9.2 million in past exploration ($5.2 million by Blende Silver), including 25,195 meters of drilling in 132 drill holes.   On behalf of the Board of Directors   “Andrew H. Rees” Andrew H. Rees President & CEO   For further information, please contact: Andrew H. Rees, President & CEO Tel: 604-669-6463   NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.   This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding future work programs and the Company’s plans and expectations. These statements are based on assumptions management believes to be reasonable and are subject to known and unknown risks, uncertainties, and other factors, including risks related to mineral exploration and development, that may cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities legislation, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.   Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them, and there is no certainty that all or any part of such resources will ever be upgraded to a higher category.   Copyright (c) 2026 TheNewswire - All rights reserved.