Equity Metals Reports Shallow Extensions of the No. 3 Vein to the Northwest of Historic Workings, Silver Queen Property, BC

Executive Summary

• Equity Metals released assay results from its Summer ’25 drill program at the 100% owned Silver Queen Au‑Ag project, extending the No. 3 North vein laterally up to ~650 m beyond the 2022 resource model.
• Multiple high‑grade intercepts were reported, including a 2.5 m interval averaging 1.2 g/t Au and 79 g/t Ag (536 g/t AgEq) and a 0.8 m footwall vein showing 641 g/t Ag (659 g/t AgEq).
• The drilling component of the program is now complete; assays from eight holes remain pending, with results expected in the coming weeks to feed an updated NI‑43‑101 mineral resource estimate anticipated for late 2025.

Key Details

• Assay Highlights
• Hole SQ25‑157: 2.5 m @ 1.2 g/t Au, 79 g/t Ag, 0.3 % Cu, 0.3 % Pb, 2.0 % Zn (536 g/t AgEq / 7.4 g/t AuEq).
  • Includes a 0.3 m sub‑interval @ 0.8 g/t Au, 295 g/t Ag, 0.7 % Cu, 10.7 % Pb, 24.2 % Zn (1,448 g/t AgEq / 20.0 g/t AuEq).
• Hole SQ25‑159: 1.3 m @ 1.3 g/t Au, 229 g/t Ag, 1.6 % Cu, 1.0 % Pb, 8.9 % Zn (800 g/t AgEq / 11.0 g/t AuEq).
  • Includes a 0.3 m sub‑interval @ 1.9 g/t Au, 413 g/t Ag, 3.1 % Cu, 0.4 % Pb, 15.1 % Zn (1,374 g/t AgEq / 19.0 g/t AuEq).

• Hole SQ25‑153 (footwall vein, possible No. 1 Vein): 0.8 m @ 641 g/t Ag, 0.1 % Pb, 0.3 % Zn (659 g/t AgEq / 9.1 g/t AuEq).

• Program Completion

• Total of 21 core holes drilled, totaling 8,059 m on the No. 3 North target.

• Drilling completed; assays from 13 holes received, 8 pending (6 targeting depth >450 m).

• Resource Implications

• Lateral extension of the No. 3 Vein up to ~650 m NW of the 2022 modelled resource.

• Anticipated updated mineral resource estimate in late Q4 2025, expected to be highly accretive given that the No. 3 Vein currently accounts for ~65 % of AgEq resources on Silver Queen.

• Future Work

• Ongoing reconnaissance soil and stream sediment sampling to explore district‑scale targets beyond the vein system.
• Updated vein modelling and resource calculations will incorporate pending assay results.

Notable Quotes

“Mineralization identified in the current Summer ’25 drill program continues the process of systematic expansion of high‑grade gold and silver mineralization along strike and down dip from previously modelled mineral resources on the Silver Queen project.” – Rob Macdonald, VP Exploration, Equity Metals Corporation.