Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’) has closed its previously announced offering (the ‘Offering’) under the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the ‘Listed Issuer Financing Exemption’) and has issued 25,000,000 flow-through units (each, an ‘FT Unit’) at a price of $0.10 per FT Unit. Each FT Unit consists of one common share of the Company, issued as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant’). Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.15 at any time on or before October 15, 2027.

The Company anticipates the net proceeds raised from the Offering will be used for the exploration of the Company’s Saskatchewan uranium projects.

In connection with closing of the Offering, the Company paid finders’ fees of $150,000 and issued 1,500,000 non-transferable share purchase warrants (each, a ‘Finders’ Warrant‘) to certain arms-length parties who assisted in introducing subscribers to the Private Placement Offering. Each Finders’ Warrant is exercisable on the same terms as the Warrants. The Offering was conducted in reliance on the Listed Issuer Financing Exemption and, as a result, the securities issued to subscribers in the Offering are not subject to a hold period in accordance with applicable Canadian securities laws.

Separately, the Company is also continuing to offer up to a further 16,761,000 FT Units, at a price of $0.10 per FT Unit, for gross proceeds of up to $1,676,100 to purchasers resident in Canada pursuant to the accredited investor exemption under Section 2.3 of National Instrument 45-106 – Prospectus Exemptions. As result, any FT Units issued in this separate offering will be subject to a statutory hold period for four-months-and-one-day in accordance with applicable securities laws. Completion of this offering remains subject to the approval of the TSX Venture Exchange.

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 235,435 acres (95,277 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 43,185 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains ‘forward-looking statements’ or ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company’s exploration programs; and estimates of market conditions.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2025.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Terra Clean Energy CORP. (‘ Terra ‘ or the ‘ Company ‘) (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF FSE: C 9O0 is pleased to highlight the rare earth element (‘REE’) potential at its Fraser Lakes B Deposit, confirmed by drilling and assays. The REE component within the deposit and surrounding areas contains significant quantities of rare earth oxides (‘REO’) specifically La₂O₃ (Lanthanum oxide), Ce₂O₃ (Cerium oxide), Yb₂O₃ (Ytterbium oxide), and Y₂O₃ (Yttrium oxide) as reported in the technical report filed under the Company’s profile on sedarplus.ca on February 9, 2023.

These light rare earths are key elements in automotive, batteries, magnets as well as other industries.

Lanthanum has two main uses: as a phosphate binder in medicine to treat high blood phosphate levels in kidney disease patients, and in various industrial applications like manufacturing nickel-metal hydride batteries, catalytic converters, specialty glass, and as a component in alloys for lighters and other products.

Cerium is used in a variety of applications, including as a polishing agent for glass and a catalyst in automotive catalytic converters to reduce emissions. It is also used in metallurgy to improve alloys and steel, and in the production of flints for lighters, incandescent gas mantles, and components for batteries.

Ytterbium is used in a variety of applications, including improving stainless steel, dental alloys, portable x-ray machines, atomic clocks, superconductors, lasers and amplifiers, fiber optic communications, and quantum computing.

Yttrium is used in a variety of applications, most notably as a key component in phosphors for LEDs and displays, and in lasers for medical and industrial uses. It is also used in ceramics, such as those for high-temperature fuel cells and medical implants, as a metallurgical additive for alloys, and in electronics like microwave filters and automotive sensors. Additionally, specific yttrium isotopes have medical applications in cancer therapy and diagnostic imaging.

Please see the link below from the Natural Resources Canada (NRC) website showing the Falcon Point Project in Saskatchewan, Canada which covered the Fraser Lakes B Deposit.  The South Falcon East Project is a portion of this former project.  Through an NRC grant to the University of Saskatchewan in March 2024, The Government of Canada has contributed  to a multiyear study of REE’s in northeastern Saskatchewan.  The Fraser Lakes B Deposit is part of this study and Terra is a participating partner.   REE’s continue to be identified in recent drilling programs.

https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/rare-earth-elements-facts

‘With renewed interest in rare earth elements it is important that shareholders understand we are sitting on an active REE deposit,’ said Greg Cameron, CEO of Terra. ‘This deposit adds significant upside, particularly in light of today’s environment which places far more value on the strategic importance of rare earth elements. Management is committed to making sure this value is understood  and unlocked as we continue with the ongoing development of our uranium deposit at Fraser Lakes,’ continued Mr. Cameron.

‘We are excited to be involved in the expansion of Rare Earth Element deposit understanding and inventory in Canada’, commented Trevor Perkins, Vice President of Exploration for Terra.  ‘With the current emphasis on REE, it is time to highlight this aspect of our Fraser Lakes B Uranium and REE Deposit.  We are sure that with continued drilling and study of the Fraser Lakes B deposit we will add to both the uranium and REE resource,’ continued Mr. Perkins.

Figure 1: South Falcon East Uranium Project Location – Eastern Athabasca Basin, Saskatchewan, Canada
Please click here to view image

About the South Falcon East Project

The South Falcon East Project contains the Fraser Lakes B Deposit with a historic mineral resource* of 6.9 Mlbs U3O8 inferred at a grade of 0.03% U3O8 and 5.3 Mlbs ThO2 inferred at a grade of 0.023 % ThO2. Uranium and thorium mineralization discovered to date is hosted in shallow metasedimentary rocks and pegmatites with some classic Athabasca-style characteristics typical of basement hosted deposits and associated with well-developed EM conductors.

The Fraser Lakes B Deposit in the southeast Athabasca Basin covers approximately 12,464 hectares and lies 18 kilometers outside the Athabasca Basin, approximately 50 kilometers east of the Key Lake Mill and former mine. There is good infrastructure in the area with a power line approximately 10 kms from the property which is bound by two northern roads with plenty of access to water.

About Terra Clean Energy Corp.

Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B Deposit, located in the Athabasca Basin region, Saskatchewan, Canada as well as past producing uranium mines in Utah, United States.

ON BEHALF OF THE BOARD OF Terra Clean Energy CORP.

‘Greg Cameron’
Greg Cameron, CEO

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

*The historical resource is described in the Technical Report on the South Falcon East Property, filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the Company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca .

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Greg Cameron, CEO
info@tcec.energy

Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
www.tcec.energy

Assays for Additional Holes Remain Pending

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to announce high-grade assay results from the first batch of holes from the 2025 drill program at the Company’s wholly-owned and flagship Red Mountain Project in Alaska, USA. The Company also announces that it has drilled multiple new silver-gold veins east of the Ruby discovery in the Tonopah Mining District, Hughes Project, Nevada.

Key Highlights (Red Mountain):

• High-Grade Step-Outs at West Tundra Flat:

  • 640 g/t silver equivalent* over 6.9 m (136 g/t Ag, 0.56 g/t Au, 7.06% Zn, 1.99% Pb and 0.16% Cu, including 1,341 g/t silver equivalent over 3.05 m (305 g/t Ag, 1.23 g/t Au, 15.61% Zn, 4.45% Pb and 0.35% Cu) in a 165 m step-out in WT25-38.

  • 736 g/t silver equivalent over 3.0 m (249 g/t Ag, 0.69 g/t Au, 6.16% Zn, 3.43% Pb and 0.12% Cu) in a 165 m step-out in WT25-37.

• Broad Mineralization at Dry Creek:

  • 344 g/t silver equivalent over 12.8 m (13 g/t Ag, 0.01 g/t Au, 4.93% Zn, 2.22% Pb and 0.17% Cu), including 646 g/t silver equivalent over 1.3 m (335 g/t Ag, 0.71 g/t Au, 3.9% Zn, 1.4% Pb and 0.13% Cu) in DC25-108.

• Resource Expansion: The 2025 summer program targeted untested areas near historical high-grade intercepts to enhance Red Mountain’s inferred 168.6 million silver equivalent ounce resource (336 g/t AgEq*) at Dry Creek and West Tundra Flat.

• Significant Growth Potential: Both the West Tundra Flat and Dry Creek deposits remain open along strike and down-dip, with systematic drilling planned to delineate full scale.

• Assays Pending: Results for 8 additional holes from the 2025 program are pending and expected to further enhance results.

*Notes: g/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; ‎Au=gold; Cu=copper; Zn=zinc; Pb=lead; 1ppm=1 g/t. Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au. Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93]

Key Highlights (Hughes):

• High-Grade Silver-Gold Intercepts:

  • 509 g/t silver equivalent** (3.30 g/t Au, 252 g/t Ag) over 1.1 m in SUM24-65

  • 406 g/t silver equivalent (2.47 g/t Au, 217 g/t Ag) over 0.9 m in SUM24-66

  • 546 g/t silver equivalent (3.16 g/t Au, 306 g/t Ag) over 0.5 m in SUM23-60

• Expanded Ruby Vein System: Drilling confirms continuity of high-grade silver-gold mineralization across a broad 600m trend at Ruby.

• Significant Discovery Potential: Mineralization extends over a 4 km strike length east of the historic Tonopah Mining District, open in all directions, with strong alteration suggesting proximity to a major mineralized structure.

• Searching for the ‘Main Structure’: Planned drill fences will target the main high-grade structure, building on mineralized veins and extensive hydrothermal alteration observed in drilling to date.

**Silver equivalent is calculated using US$20/oz Ag, US$1,800/oz Au with metallurgical recoveries of Ag – 90%, Au – 95%. AgEq = (Ag grade x Ag recovery)+((Au grade x Au recovery) x (Au price / Ag price)).

Galen McNamara, CEO, stated: ‘Our high-grade intercepts at Red Mountain and expanded mineralization at Hughes position Silver47 as a leader in silver and critical minerals exploration in premier U.S. jurisdictions. With silver’s expected inclusion on the critical minerals list, our 2025 results and planned drilling underscore our commitment to unlocking value for shareholders. We are excited to accelerate our exploration at our U.S. projects in 2026 and beyond.’

Gary R. Thompson, Executive Chairman, stated: ‘It’s exciting times for silver companies with the recent breakout of silver to all time high prices and it feels like we have a new higher base with lots of room to move dramatically higher from here. Silver47 is well positioned to capitalize on this renewed interest in the sector as we advance our wholly owned high-grade silver assets within the USA.’

Figure 1: West Tundra Flats Drill Hole Locations

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Figure 2: Dry Creek Drill Hole Locations

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Figure 3: West Tundra Flats Long Section

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Figure 4: Dry Creek Long Section

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The Red Mountain Drill Program

The 2025 drill program at the Red Mountain Project, 100 km south of Fairbanks, Alaska, consisted of fifteen drill holes – eight holes at the Dry Creek target (Figure 1) and seven holes were completed at the West Tundra Flats target. The Dry Creek and West Tundra Flat targets together account for an inferred resource of 15.6 Mt at 336 g/t AgEq* for 168.6 million silver equivalent ounces. Drilling at both targets consisted of a series of infill and step-out holes designed to test areas near historical high-grade drill intercepts and modelled domains.

Dry Creek Drilling: Holes DC25-107 and DC25-108 were collared on the northeast extent of the Dry Creek deposit and tested the down-dip extent of VMS mineralization below and offset from hole DC24-106. Hole DC24-106, drilled in 2024, intersected multiple massive sulfide horizons within a significant 24.5 m semi-massive mineralized zone (e.g., 2,939 g/t silver equivalent (249.5 g/t Ag, 14.95 g/t Au, 21.97% Zn, 7.03% Pb and 0.42% Cu) over 2.48 m and 2,235 g/t silver equivalent (225 g/t Ag, 8.08 g/t Au, 21.2% Zn, 6.68% Pb and 0.42% Cu) over 0.91 m, see November 18^th, 2024 News Release).

Both holes DC25-107 and DC25-108 intersected multiple horizons of semi-massive with locally massive sulfides (e.g., sphalerite, galena and chalcopyrite) within pyritic metavolcanics and metasediments of the Totatlanika Schist. This prospective unit is traced for ~4,500 m along the Dry Creek Deposit where it dips steeply to the north and hosts multiple VMS horizons that locally pinch and swell along strike. Holes are primarily drilled to the south to intersect the lenses at close to true-widths.

The high-grade interval in DC25-108 at 232.9m downhole (654 g/t silver equivalent (79 g/t Ag, 0.40 g/t Au, 8.3% Zn, 4.2% Pb and 0.12% Cu) over 1.3 m, Table 1) is approximately 65 m downdip from the high-grade zone in DC24-106 and demonstrates a strong down-dip extension potential along the VMS horizon in this section of the Dry Creek Deposit. Further drilling is warranted to fully test the down-dip potential in the northeastern part of the Dry Creek deposit.

West Tundra Flat Drilling

Holes WT25-35 to WT25-38 were collared as 150-175 offsets from previously drilled holes in the West Tundra Flat Deposit (e.g., 1,079 g/t silver equivalent (417.4 g/t Ag, 0.74 g/t Au, 9.1% Zn, 4.7% Pb and 0.1% Cu) over 2.9 m in WT24-33, see November 21^st, 2024 News Release). All holes except WT25-36 intersected semi-massive to massive sulfide at the targeted horizon (e.g. sphalerite, galena and chalcopyrite at the contact between metavolcanics and metasediments of the Totatlanika Schist. The prospective contact is traced for ~800 m along the West Tundra Flat Deposit where it dips moderately to the south.

The VMS-related mineralization intersected in holes WT25-35, WT25-37 and WT25-38 represent 150m to 175m step outs from previously drilled holes. The mineralization intersected in these holes are outside of the current mineral resource estimated and suggest potential to contribute additional inferred tonnes to the block model.

Next Steps

Based on results from drill holes DC25-107 and 108 at Dry Creek and WT25-33 to 39 at West Tundra Flat together with observations from all holes (see October 1^st, 2025 News Release) and ongoing geological modelling, multiple mineralized lenses and domains at both deposits remain open along strike and down-dip. Assays are pending from the remaining eight holes at Red Mountain.

Table 1. Assay Results

*Notes: g/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; ‎Au=gold; Cu=copper; Zn=zinc; Pb=lead; 1ppm=1 g/t. Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au. Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93]

Table 2. Collar information

WGS84 6N

The Hughes Drill Program

Over 3,700 m of combined reverse circulation and diamond drilling (RC pre-collars with diamond tails) in seven holes were completed along strike from the significant Ruby discovery, part of the eastern extension of the Tonopah Mining District, near Tonopah Nevada. The purpose of the exploration drill program was to test for mineralization across a 475 m untested gap between the Ruby discovery (e.g., SUM23-59 1,450 g/t silver equivalent* (8.41 g/t Au, 813 g/t Ag) over 3.0 m) and a significant mineralized vein discovered in hole SUM23-60 (392 g/t silver equivalent* (3.04 g/t Au, 147 g/t Ag) over 3.0 m, Figure 1). Program highlights include:

• Drilling first consisted of a series of four step-out holes (e.g., SUM25-65, 66, 67, and 68, Figure 2) with pierce-points on 50 to 100 m centers from two pad setups. All four holes intersected zones of strong and pervasive epithermal-related argillic and phyllic alteration with local zones of mineralized quartz veining and vein-stockwork. Hole SUM24-65 intersected two mineralized vein zones 50 m apart within a broad >500 m zone of locally intense alteration – 221 g/t silver equivalent (1.22 g/t Au, 130 g/t Ag) over 0.6 m and 509 g/t silver equivalent (3.30 g/t Au, 252 g/t Ag) over 1.1 m (Table 1).

• A north-south, 450m fence of three holes offset from hole SUM23-60 were drilled through the projected Ruby vein system. These holes were designed to test for potential parallel structures and the up- and down-dip extent of silver-gold mineralization intersected in SUM23-60. RC pre-collars were completed for the three holes (SUM25-69, 70 and 71) and holes SUM24-69 and 71 were completed with diamond tails (Figure 2). Hole SUM25-69, a 130m down-dip step-out from SUM23-60, intersected 190 g/t silver equivalent (1.12 g/t Au, 106 g/t Ag) over 1.8 m including 546 g/t silver equivalent (3.16 g/t Au, 306 g/t Ag) over 0.5 m. This hole intersected multiple broad zones of strong argillic-quartz alteration with polyphase quartz-pyrite veining.

The scale and intensity of the epithermal-related hydrothermal alteration observed in every hole demonstrates the potential scale and complexity of the Ruby system. All holes intersected significant zones of argillic-pyrite alteration punctuated by local zones of strong silicification, quartz-carbonate veins, poly-phase vein stockworks and breccia. The nature of the high-level alteration assemblages and textures may suggest proximity to a stronger mineralized system. Many of the intervals of strong alteration are associated with broad structural zones of faulting with increasing alteration near lithological boundaries. These structural and alteration relationships are observed across all previous holes into the Ruby target (e.g., SUM21-10 and SUM23-59) and suggests the Ruby system is broader and more complex than previously understood. Additional drilling is clearly warranted along this east-west trend as well as stepped back to the north, down-dip to better constrain the lateral and vertical extent of silver-gold mineralization.

Figure 5: Hughes Drill Hole Locations

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Figure 6: Hughes Long Section

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Next Steps

Structural and lithological data from the recently completed holes have been integrated into the Ruby vein model. Planning is now underway for a follow-up drill program which will be aimed at further targeting high-grade veins east of the Ruby discovery across the eastern extension of the historic Tonopah Mining District.

Table 3. Assay Results

**Silver equivalent is calculated using US$20/oz Ag, US$1,800/oz Au with metallurgical recoveries of Ag – 90%, Au – 95%. AgEq = (Ag grade x Ag recovery)+((Au grade x Au recovery) x (Au price / Ag price)).

Table 4. Collar information

NAD83 Z 11N

Qualified Person

The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.

Quality Assurance and Quality Control

Drill core was sawn in half at Silver47’s core logging and processing facilities at the Red Mountain, near Fairbanks Alaska. Core samples were typically taken at 1.0 m intervals in mineralized zones, and 3.0 m intervals outside of mineralized zones. Sample lengths were adjusted as necessary so as not to cross lithologic and mineralogic boundaries. QAQC check samples were inserted into the sample stream with one blank, one duplicate (coarse), and one certified reference material (CRM) occurring within every 20 samples. Drill core was cut in half, bagged, sealed and delivered directly to ALS Minerals Fairbanks, Alaska for transport to the ALS Minerals Laboratories labs in North Vancouver, British Columbia. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Core samples were analyzed at ALS Laboratory facilities in North Vancouver using four-acid digestion with an ICP-MS finish (ME-MS61). Gold analysis was by fire assay with atomic absorption finish (Au-ICP21). Over-limits for silver, zinc, copper, and lead were analyzed using Ore Grade four-acid digestion (MEOG-62). The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected mineralization.

Drill core was sawn in half at Silver47’s core logging and processing facilities at the Hughes Project, Tonopah Nevada. All core samples were sent to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis. Paragon meets all requirements of the International Accreditation Service AC89 and demonstrates compliance with ISO/IEC Standard 17025:2017 for analytical procedures. Samples were analyzed for gold via fire assay with an AA finish and samples that assayed over 8 ppm were re-run via fire assay with a gravimetric finish. Silver, and trace elements were analyzed via inductively coupled plasma mass spectroscopy after four-acid digestion. Samples that assayed over 100 ppm Ag were re-run via fire assay for Ag with a gravimetric finish. In addition to Paragon quality assurance / quality control (‘QA/QC’) protocols, Silver47 implements an internal QA/QC program that includes the insertion of sample blanks, duplicates and certified reference materials at systematic and random points in the sample stream.

About Silver47 Exploration

Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America’s most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.

For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’

No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘plans’, ‘intends’, ‘estimates’, ‘potential’, ‘target’, ‘strategy’, ‘forecast’, ‘budget’, ‘goals’, ‘objectives’, ‘may’, ‘will’, ‘should’, ‘could’, or similar expressions, or variations (including negative variations) of such words and phrases, or statements that certain events, conditions or results ‘may’, ‘will’, ‘could’, ‘would’ or ‘should’ occur or be achieved.

Forward-looking statements in this release include, but are not limited to, statements regarding: the interpretation of exploration results; the potential for extensions or expansions of known mineralized zones; the potential for the discovery of new mineralized areas; the completion, timing and results of future exploration work, drilling programs, sampling, mapping, or geophysical surveys; the estimation or realization of mineral resources or mineral reserves; the timing of technical reports or feasibility studies; the Company’s expectations regarding metal prices, exchange rates, and market conditions; and other statements that are not historical facts.

Forward-looking statements are based on the opinions, estimates and assumptions of management as of the date such statements are made, including, but not limited to: that the Company’s exploration and development activities will proceed as expected; that financing will be available if and when required on reasonable terms; that general business and economic conditions will not change in a materially adverse manner; that all necessary governmental, regulatory and third-party approvals will be obtained on favourable terms and in a timely manner; and that the Company will be able to continue to access qualified personnel, contractors, equipment and supplies.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others: risks related to exploration, development and mining operations; the speculative nature of mineral exploration; uncertainty of resource estimates; capital and operating cost estimates; fluctuations in commodity prices and exchange rates; availability of financing; reliance on key personnel; title, permitting, environmental and regulatory risks; political and social risks in jurisdictions of operation; and the additional risks and uncertainties identified in the Company’s continuous disclosure filings available under its profile on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements.

Forward-looking statements contained in this news release are made as of the date of this release, and the Company does not undertake any obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270471