Argenta Silver Step-Out Drilling Intersects 679 g/t Ag over 13.5m, including 1,163 g/t Ag over 4.0m

• Date: April 16, 2026
• Event Type: Drilling Results (Summer Campaign)
• Headline: Step-Out Drilling Intersects 679 g/t Ag over 13.5m, including 1,163 g/t Ag over 4.0m
• Key Findings:
  • Confirms mineralized continuity and expansion in the northwest and southeast extensions of the Yaxtché Deposit at El Quevar Project.
  • Northwest Extension (Step-out): Hole QVD-430 returned 679 g/t Ag over 13.5m, including high-grade intervals up to 1,163 g/t Ag over 4.0m.
  • Infill Drilling: De-risking internal gaps with intercepts like 2,100 g/t Ag over 1.0m (QVD-438).
  • Program Progress: Completed >13,900 meters across 46 holes; approximately 60% of laboratory assay results pending.
• Resource Context: Existing Indicated Resource remains at 45.3 million ounces Ag @ 482 g/t; Inferred at 4.1 million ounces Ag @ 417 g/t.
• Management Commentary: CEO Joaquin Marias states the system remains open and high-grade intercepts improve understanding of deposit continuity.

• Expectation vs. Reality: The results are consistent with the aggressive exploration strategy announced in February 2026 (upsized to 25,000m program). While grades are lower than the record-breaking 4,982 g/t Ag intercept reported on Feb 23, 2026, they confirm the high-grade nature of the system without introducing new dilution or financing needs.
• Market Context: The stock has declined significantly from its September 2025 peak ($1.13) to current levels (~$0.62), suggesting the market is pricing in exploration risk and waiting for a resource update rather than just drill intercepts. This news validates the previous high-grade findings but does not materially alter the investment thesis beyond what was already priced into the February announcement.
• Catalyst Status: Routine progress report. It confirms the project remains viable but lacks the "new discovery" element (like the Au-Cu zone in Feb) required to trigger a significant re-rating without a resource estimate update.

• Company: Argenta Silver Corp. (TSX.V: AGAG).
• Flagship Project: El Quevar Project, Salta Province, Argentina.
• Asset Type: High-grade silver deposit with underground infrastructure already in place (decline ramp, camp for 100 workers).
• Status: Exploration / Development (Not yet producing).
• Land Package: 57,000 hectares; less than 3% explored.
• Infrastructure: Extensive internal roads (>60km), nearby rail, gas pipeline, and high-voltage transmission line reduce CAPEX risk for future development.