Americore Resources Corp. Significantly Expands Land Position at the Trinity Silver Project, Historic Resource Base Tripled to 36 Million oz Silver Equivalent

Executive Summary

• Americore Resources entered an option agreement to acquire 42 unpatented lode mining claims contiguous with its Trinity Silver Project, expanding the footprint to ~22,700 acres.
• Grab samples from the newly acquired Primus claims returned exceptionally high grades (up to 1,690 g/t Ag and 4.33 g/t Au).
• The acquisition gives Americore control of all historic drill holes and land underlying a 2012 historic resource estimate (~36 M oz AgEq), positioning the company for a current NI 43‑101 resource update targeted for Q2 2026.

Key Details

• Acquisition Structure:
• Initial cash payment of USD 8,900 at execution.
• Subsequent staged payments combining cash and equity/warrant issuances over three years (total cash USD 233,900 plus up to 1,050,000 shares/warrants).

• Upon commercial production, a 2% NSR payable to Primus (half purchasable for USD 2 M or 30,000 oz Ag).

• Land Expansion:

• Total consolidated project area now ~22,700 acres (9,200 ha).

• Claims include five HiHo claims NE of historic pit and 37 TS/ELM claims extending southward.

• Historic Resource Context:

• Controls all ground from the 2012 Liberty Silver historic resource estimate: Inferred 26.22 Mt @ 1.07 oz/t Ag (≈28.5 M oz Ag; ≈36 M oz AgEq).

• Historic oxide and sulphide resources summarized:

  • Oxide – 6.43 Mt @ 1.134 oz/t Ag → 7.29 M oz Ag.
  • Sulphide – 19.79 Mt @ 1.07 oz/t Ag → 21.17 M oz Ag (28.84 M oz AgEq).

• Assumptions for Historic AgEq Calculations:

• Prices: Ag $28.41/oz, Pb $1.02/lb, Zn $0.96/lb.
• Recoveries: Ag 85.8%, Pb 85.4%, Zn 82.8%.
• Mining & processing cost: $10.55/ton.

• NSR royalty: 4%.

• Grab Sample Results (selected high‑grade assays):

• Sample E569415 – 1,690 g/t Ag, 14.70% Pb, 1.66% Zn, 4.33 g/t Au.

• Sample E569414 – 568 g/t Ag, 10.45% Pb, 5.28% Zn, 1.18 g/t Au.

• Exploration Outlook:

• Full digitization and AI‑assisted 3D modelling of historic datasets.
• Confirmation drilling and stockpile evaluation planned.
• Target to deliver a current NI 43‑101 mineral resource estimate by Q2 2026.

Notable Quotes

• Jeff Poloni, CEO: “The Primus acquisition consolidates a key structural corridor and allows us to incorporate significant historic drilling into our current model. We can now formally evaluate oxide and sulphide extensions to the historic pit area and integrate them into our upcoming resource work.”