Showcase Minerals Acquires a Comstock Silver Property and Plans a Drill Program on the Grassy Claims

Executive Summary

• Showcase Minerals entered an option agreement to acquire a historic silver property in the Slocan area, with the ability to earn 100 % interest by paying $300k cash and issuing $100k of shares each year for two years.
• The company announced a non‑brokered private placement of up to 8 million units at $0.10 per unit, targeting gross proceeds of up to $800,000 to fund exploration on the Grassy Gold Project and general working capital.
• A spring drill program is being organized for the Gracious Gold Project, with recent 2024 grab‑sample results showing notable gold (up to 31.9 ppm) and silver (up to 1,812 ppm) grades.

Key Details

• Option Agreement – Slocan Silver Property
• Location: ~11.5 km north of Silverton, BC; covers former Comstock mine (3 claims, 2,080.8 ha).
• Historical production (1897‑1920): 455 t ore yielding 1,687,774 g Ag, 12,387 g Au, 217,634 kg Pb, 126,657 kg Zn.
• Earn‑in terms: $300,000 cash payments over two years + issuance of Company shares with market value $100,000 on each anniversary.

• Vendor royalty: 3 % net smelter return (NSR).

• Grassy Gold Project – Exploration Update

• Geography: North of Stewart, BC; within the Golden Triangle near Premier Gold Mine.
• Geology: Epithermal low‑sulphidation mineralization in felsic pyroclastics; main structures Fault A (≈2 km) and Fault B.
• 2024 grab‑sample results (Rama Vein):
  • Au: 12.68 – 31.9 ppm
  • Ag: 376 – 1,812 ppm
  • Pb: 0.3 % – 39.89 %
  • Zn: 0.68 % – 26.93 %
  • Cu: 0.27 % – 1.93 % (in three samples)

• Planned spring drill program to test the Rama vein and further evaluate gold‑silver content.

• Private Placement Financing

• Units offered: up to 8,000,000 at $0.10 per unit → maximum gross proceeds of $800,000.
• Composition:
  • 5,000,000 Flow‑Through Units (1 FT share + ½ non‑flow‑through warrant; full warrant price $0.15, two‑year term).
  • 3,000,000 Non‑Flow‑Through Units (1 common share + one two‑year warrant at $0.15).
• Use of proceeds:
  • FT portion: eligible Canadian exploration expenses on mineral properties.
  • Remainder: exploration on the Grassy Gold Project and general working capital.

• Insiders may participate under MI 61‑101 exemptions; securities subject to a hold period of four months + one day.

• Qualified Person

• Ed Kruchkowski, P.Geo., NI 43‑101 Qualified Person, reviewed and approved technical content and supervised sampling.

Notable Quotes

Rene Benard, President: “The acquisition of the historic Slocan silver property and the financing from our private placement position Showcase Minerals to advance exploration on high‑potential projects like Grassy, while providing a solid foundation for future growth.”