Prince Silver Provides Corporate Update and Outlook for 2026

Executive Summary

• Prince Silver expanded its RC drilling program at the Prince Silver Project to a planned 30,000 ft and added a second drill rig for accelerated exploration.
• The first batch of assay results is delayed due to over‑limit manganese values; full analytical data are expected mid‑January 2026.
• The company reports a cash balance of approximately C$5 million as of 31 Oct 2025, providing sufficient liquidity to fund its 2026 exploration and marketing activities without immediate financing.

Key Details

• Drilling Expansion: Program increased by ~9,000 ft, targeting near‑surface, open‑pit‑able mineralization; total planned depth ≈30,000 ft (~9,100 m).
• Second Drill Rig: Expected on‑site mid‑January 2026 to boost drilling efficiency and pace.
• Assay Delay: Numerous manganese samples exceeded the upper detection limit of the initial analytical method; re‑analysis underway with results anticipated mid‑January.
• Resource Outlook: Results from the expanded campaign will inform a maiden mineral resource estimate slated for 2026.
• Cash Position: Approximately C$5 million cash on hand as of 31 Oct 2025, deemed sufficient to meet near‑term milestones without additional financing.
• Marketing Schedule (Q1 2026):
• Vancouver Metals Investor Forum – Jan 23‑24, 2026
• World Outlook Conference – Feb 6‑7, 2026
• Toronto Metals Investor Forum – Feb 27‑28, 2026
• PDAC Convention – Mar 1‑4, 2026
• Strategic Context: Emphasis on gold, silver, and manganese as U.S. strategic metals; high commodity prices cited as favorable for project development.

Notable Quotes

“We are encouraged by early indications from the drill program, including numerous manganese assay values that exceeded the limits of the initial analytical methods requiring over‑limit assay… our priority remains on delivering reliable results and building a robust technical foundation for the Prince Silver Project.” – Derek Iwanaka, CEO & Director

Materiality Assessment: Non‑Material – Neutral (operational update without disclosed financial impact or material earnings/transaction information).