Silver47 Unveils Multiple Premier Exploration Targets with Strong Discovery Potential Across the Red Mountain Project, Alaska

Executive Summary

• Silver47 highlights a substantial inferred resource of 15.6 Mt at 336 g/t AgEq (≈168.6 Moz AgEq) for the Red Mountain Project in Alaska.
• The company has identified ~35 new high‑grade mineralized prospects across a 55 km trend, with notable surface grades such as 1,295 g/t Ag (Galleon), 3.8 g/t Au (Horseshoe), 16.2 % Cu (Kiwi) and 32 % Zn (Anderson Mountain).
• Ongoing drilling has completed nine holes (two at Dry Creek, seven at West Tundra Flats); assays are pending, indicating potential step‑out and infill expansion of the existing resource.

Key Details

• Inferred Resource: 15.6 Mt @ 336 g/t AgEq = 168.6 Moz AgEq (Dry Creek & West Tundra Flats zones).
• Historic Data Base: 2,543 rock samples, 7,948 soil samples, 15,862 XRF soil samples used to define new targets.
• New Target Highlights (surface grades):
• Galleon – 1,295 g/t Ag
• Horseshoe – 3.8 g/t Au
• Kiwi – 16.2 % Cu
• Anderson Mountain – 32 % Zn
• Jack Frost – 20 % Pb & 98 g/t In
• Bib – 4,850 g/t Sb
• Additional: 149 g/t Ga, 0.13 % Sn, etc.
• Drilling Status: Nine holes completed (2 at Dry Creek, 7 at West Tundra Flats); massive to disseminated sulfide zones intersected; assay results pending.
• Key Historical Intercepts: 22.3 m @ 601 g/t AgEq (150.6 g/t Ag, 0.82 g/t Au, 5.86 % Zn, 2.60 % Pb, 0.13 % Cu) from hole DC24‑105 at 18.9 m depth.
• Target Trends Defined: Dry Creek Syncline, Keevy Trend, Last Chance Corridor, Wood River Trend – collectively covering ~35 prospects across a 55 km corridor.
• Qualified Person: Galen McNamara, P.Geo., CEO (NI 43‑101 QP).
• Technical Report: Effective Jan 12 2024; prepared by APEX Geoscience Ltd.; available on SEDAR+.

Notable Quotes

“Our Red Mountain Project in Alaska is emerging as a premier silver and critical metals asset… the data suggest the likely presence of additional undiscovered and potentially giant VMS deposits.” – Galen McNamara, CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.