Silver Storm Drills 215 g/t Ag.Eq(1,2) over 11.9 m and 200 g/t Ag.Eq over 15.4 m at the Rosarios Zone

Silver Storm Mining Ltd. (SVRS) has released drill results from six holes at the Rosarios Zone within the La Parrilla Silver Mine Complex in Durango, Mexico. The current infill drilling program aims to extend Indicated Resources 100 meters toward the surface along a 125-meter strike.

Key intercepts, reported as silver equivalent (Ag.Eq) with true width (ETW), include:

• IDP-RO-26-004: 215 g/t Ag.Eq over 11.90 m (ETW 11.9 m)
• IDP-RO-26-007: 200 g/t Ag.Eq over 15.35 m (ETW 13.3 m)
• IDP-RO-26-005: 297 g/t Ag.Eq over 7.30 m (ETW 7.2 m); 160 g/t over 4.85 m (ETW 4.8 m); 196 g/t over 3.85 m (ETW 3.8 m)
• IDP-RO-26-002: 239 g/t over 5.90 m (ETW 5.7 m)
• IDP-RO-26-008: 481 g/t over 1.65 m (ETW 1.6 m); 149 g/t over 4.10 m (ETW 3.9 m)
• IDP-RO-26-003: 442 g/t over 1.00 m (ETW 0.9 m)

The Ag.Eq calculations utilize metal prices of US$30/oz Ag, US$2,500/oz Au, US$0.95/lb Pb, and US$1.25/lb Zn. Recoveries applied were 70.1% Ag and 82.8% Au for oxides, and 79.6% Ag, 80.1% Au, 74.7% Pb, and 58.8% Zn for sulphides. The cutoff grades are 135 g/t Ag.Eq for oxide and 115 g/t for sulphide.

To date, 115 holes have been completed as part of the 15,000-meter program, utilizing two underground rigs and one surface rig. The Rosarios Zone is a west-northwest fault-hosted quartz-carbonate vein system dipping 64° NE, with true widths up to 14 meters and a vertical extent of 900 meters. The deposit remains open along strike and at depth.

Silver Storm Mining Ltd. (SVRS) is a recently restarted producer that delivered its first doré in June 2026 and completed its first shipment in July 2026. The company currently holds a market capitalization of approximately $363 million CAD, which reflects a valuation of roughly $330 per ounce based on total resources and restart optionality.

Recent drill results do not materially alter the existing resource model but suggest a modest potential for adding a few million ounces of silver equivalent (AgEq) over time. Specifically, a 100-meter vertical extension up-dip, spanning 125 meters of strike, could add approximately 1–2 million ounces of AgEq to Indicated resources, provided grades and widths hold. This represents a potential 5–10% increase in total contained silver equivalent.

The company’s shares have experienced a steady downtrend, falling from $0.76 in February to $0.38 in July, with a minor recovery to $0.45 on August 5. This pressure has been driven by equity dilution through financings, uncertainty surrounding operational ramp-up, and broader sentiment regarding silver. The market release on August 6 is viewed as incremental positive news that supports the narrative of resource growth but is not considered a fundamental catalyst for the production or resource story.

Silver Storm Mining Ltd. is a Canadian junior producer that restarted the past-producing La Parrilla Silver Mine Complex in Durango, Mexico, in 2026. The complex features a 2,000 tpd mill and three underground mines, with a history of approximately 34 moz AgEq production between 2006 and 2019. According to a March 2025 technical report, current resources include 10.8 moz AgEq Indicated at 280 g/t and 16.3 moz Inferred at 255 g/t. The company currently holds no mineral reserves.

Silver Storm also owns the large undeveloped San Diego project in the Velardeña district, which contains 55.5 moz Indicated and 155.3 moz Inferred AgEq. Major shareholders include First Majestic with a 19% stake, Eric Sprott with 12%, and insiders with 2%. The company is managed by former banker Greg McKenzie, supported by a technical team with strong credentials.