Alaska Silver 2025 Exploration Update

Executive Summary

• Alaska Silver completed a 2,964 m drilling program across 13 holes at its Illinois Creek project, including 2,057.6 m at the Waterpump Creek South target and 906.5 m in a newly discovered “Silver Sage” zone.
• The field season also involved extensive trenching, excavator pits, geochemical sampling, and staking of 46 new Alaska mining claims to expand the district’s claim block.
• Assay results for both Waterpump Creek South and Silver Sage are pending and expected to be released in Q4 2025; the discovery of a new mineralized zone adds significant upside potential to the project.

Key Details

• Drilling Program: 2,964 m total across 13 holes (July 25 – Sept 28, 2025).
• Waterpump Creek South: 4 holes, 2,057.6 m HQ core.
• Silver Sage discovery zone: 9 holes, 906.5 m HQ core.
• Trenching & Sampling: 13 trenches excavated and sampled at Silver Sage; >150 excavator pits mapped across the district.
• Geological Work: Additional mapping and geochemical sampling targeting CRD potential identified from the 2024 SkyTEM survey.
• Claim Activity: 46 new State of Alaska mining claims staked to enlarge the Illinois Creek claim block.
• Historical Context: Waterpump Creek South targets extensions of a previously disclosed high‑grade silver‑lead‑zinc massive sulfide zone (75 Moz @ 980 g/t AgEq inferred).
• Assay Timeline: Results for both drill programs anticipated in Q4 2025.
• Corporate Milestones Mentioned: SEC prospectus approval (Sept 30) and closing of a US$13.8 M IPO (Oct 3), lifting financing news restrictions.

Notable Quotes

“The approval of our prospectus by the United States Securities and Exchange Commission on September 30 and the successful closing of our US$13.8 million US Initial Public Offering on October 3 were watershed events for Alaska Silver,” – Kit Marrs, President & CEO

“We completed nearly 3,000 meters of drilling in thirteen holes… the discovery of a new mineralized zone known as Silver Sage,” – Kit Marrs