Funding Replace and New Undertaking Earn-in

• DC24-104 returned 15.24 m grading 545.5 g/t AgEq from 14.3 m depth
  (106 g/t silver, 0.45 g/t gold, 6.4% zinc, 2.2% lead, and 0.19% copper)

• Together with 6.0 m of 1,248.4 g/t AgEq from 15.9 m depth
  (231.1 g/t silver, 1.04 g/t gold, 14.7% zinc, 5.3% lead, and 0.46% copper)

• DC24-105 returned 22.32 m of mineralization grading 601.0 g/t AgEq from 18.9 m
  (150.6 g/t silver, 0.82 g/t gold, 5.9% zinc, 2.6% lead, and 0.13% copper)

• Together with 4.25 m of 1,255.5 g/t AgEq from 20.3 m depth
  (238 g/t silver, 1.57 g/t gold, 14.1% zinc, 5.9% lead, and 0.17% copper)

• And a pair of.66 m of 1,801.2 g/t AgEq from 29.1 m depth
  (599.4 g/t silver, 2.37 g/t gold, 14.5% zinc, 6.9% lead, and 0.64% copper)

Mr. Alex Wallis, P.Geo., Vice President of Exploration, said: “Holes 104 and 105 confirmed infilled broad intervals of silver-gold enriched VMS fashion mineralization within the western portion of the Dry Creek useful resource, supporting the 3D modelling of historic knowledge. Mineralization exhibits each stratigraphic and structural management on this zone. This new knowledge from the 2024 drilling exploration marketing campaign will support in future infill drilling of high-grade zones.”

Dry Creek Infill-Affirmation Drilling

Two drill holes had been accomplished to substantiate the broad, high-grade mineralization encountered by historic holes DC98-40, DC98-60, and DC99-64, which intercepted as much as 40 m of semi-massive to huge sulphide within the Fosters lens of the Dry Creek deposit. The Dry Creek mineralization consists of a number of horizons of semi-massive to huge sulphides inside the metavolcanics and metasediments of the Totatlanika Schist which will be traced for 4,500 m and dips steeply to the north. The Fosters and Discovery lenses of VMS mineralization make up the central 1,400 m of the Dry Creek North Horizon occurring as huge to semi-massive silver-zinc-lead-gold-copper sulphides. The lenses pinch and swell alongside strike and down-dip, as is typical of VMS deposits.

Determine 1. Plan map of drill holes at Dry Creek and West Tundra Flats useful resource areas

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Desk 1. Vital intervals for holes DC24-104 and DC24-105 on the Crimson Mountain Undertaking

Assay intervals are weighted common and are drilled lengths, true widths can’t be decided right now.

Notes:

• g/t=grams per tonne; AgEq=silver equal; ZnEq=zinc equal; m=metres; Ag=silver; ‎Au=gold; Cu=copper; Zn=zinc; Pb=lead; 1ppm=1 g/t
• Equivalencies are calculated utilizing ratios with metallic costs 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
• Steel recoveries are primarily based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au.
• Zinc Equal (ZnEq %) = [Zn (%) x 1] + [Pb (%) x 0.6364] + [Cu (%) x 2.4889] + [Ag (ppm) x 0.0209] + [Au (ppm) x 1.923]
• Silver Equal (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]

Determine 2. Drill Gap DC24-104 and DC24-105 Cross Part

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Mr. Gary R. Thompson, P.Geo., CEO of Silver47 Exploration Corp., commented, “We’re happy with the outcomes from this summer season’s drill program at West Tundra Flats and Dry Creek, which additional affirm the high-grade polymetallic mineralization and vital potential of the Crimson Mountain Undertaking. These outcomes strengthen our exploration technique and improve our confidence within the scale of the useful resource. Shifting ahead, our focus will likely be on integrating the brand new knowledge into an up to date geological mannequin for planning additional drilling to broaden the assets alongside strike and down-dip. Secondary targets for the subsequent program will likely be drill testing for brand spanking new discoveries just like the Galleon and Horseshoe showings, in addition to testing the infill potential of the two.7 km hole between the 2 useful resource areas.”

Technical Dialogue on Gap DC24-104

Gap DC24-104 was deliberate to substantiate the broad, near-surface sulphide mineralization encountered in historic gap DC98-40 within the western space of the Dry Creek deposit. The opening passes via regionally metamorphosed metasediments and metavolcanics. The highest of the opening had no restoration to 14.33 m and fragmented restoration till 32.61 m with proof of serious post-mineralization faulting via the whole gap. Mineralization was intercepted as semi-massive sulphides in metarhyolite from 15.9 m – 19.0 m and as huge sulphides from 19.0 m – 21.30 m. The 15.2 m interval from 14.3 m to 29.5 m returned a grade of 545.5 g/t AgEq, with a 6.0 m high-grade zone from 15.9 m grading 1,248.4 g/t AgEq. The semi-massive sulphides have rising sulphide bands with depth into the large sulphide mineralization with sparse 1 centimetre intervals of rhyolite. The sulphides are comprised of aphanitic to wonderful pyrite, sphalerite, galena and minor chalcopyrite. The opening is especially composed of metarhyolite with some intervals of gray aphanitic phyllite with lesser graphitic intercalations and beds, ending in tuffaceous phyllite. The complete gap is closely foliated with frequent intervals of fault gouge and rubbly fragments.

Technical Dialogue on Gap DC24-105

Gap DC24-105 was drilled from the identical pad as DC24-104, with a steeper dip to substantiate continuity of high-grade mineralization between holes DC98-40 and DC98-60. Gap 105 handed via the identical lithologic items as gap 104, in addition to related post-mineralization faulting. The opening consists of combined intervals metarhyolite and gray aphanitic phyllite with lesser graphitic intercalations and beds. The complete gap is closely foliated. Mineralization was intercepted after a metarhyolite unit as three intervals of pyrite-sphalerite-galena and minor chalcopyrite huge sulphide interspaced with felsic phyllite: 20.3 m – 21.1 m, 22.3 m – 27.8 m, and 29.1 m – 32.6 m. These high-grade lenses are encapsulated by a 22.3 m interval returning a grade of 601 g/t AgEq, together with 2.66 m of 599.4 g/t silver, 2.37 g/t gold, 14.5% zinc, 6.9% lead, and 0.64% copper.

Determine 3. Drill Core DC24-105 of deformed huge sulphide at 27.5 m

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Determine 4. Drill Core DC24-105 laminated huge sulphide as sphalerite-galena-pyrite at 29.3 m

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Desk 2. 2024 Drill Collar Info, Crimson Mountain Undertaking

Be aware: Easting and northing in metres, NAD27 zone 6 UTM coordinates

Exploration Targets

Silver47 mobilized area groups to 3 high-priority exploration targets to find out their viability for fast or near-term drill testing. Kiwi, Galleon, and Horseshoe had been chosen primarily based on the nice to wonderful grades in floor sampling, and geophysical anomalies recognized from fashionable survey strategies.

Desk 3. 2024 Geochemical Rock Sampling Highlights

Galleon Silver Goal

The Galleon Goal is a high-priority silver goal, with historic samples returning as much as 1,265 g/t silver, 2.1 g/t gold, and 5% mixed zinc and lead. The semi-massive sulphide is hosted in a metarhyolite of the Mystic Creek Member, on the north limb of the Bonnifield East Syncline, the same depositional setting to the Dry Creek mineralization. Historic work contains, mapping, trenching, 3.9 km of IP survey, and a number of other quick drill holes accomplished in 1981 with a Winky drill. The 1981 drilling did not intercept mineralization, however often had zero core restoration for a lot of intervals.

In 2024, Silver47 collected 101 soil samples for evaluation by XRF within the area, and eight rock seize samples. The soil samples recognized a number of areas of anomalous zinc and lead within the soil/talus fines across the Galleon Goal and three of the rock samples returned vital polymetallic grades. The placement of historic high-grade samples was inaccessible on account of vital degradation of the ditch workings. Nonetheless, a sub-crop rock pattern taken from a historic trench/drill pad returned 132 g/t silver, 1.26 g/t gold, and 1.9% mixed zinc and lead. Three samples additionally returned anomalous values for essential minerals antimony and rubidium.

Horseshoe SEDEX Goal

The Horseshoe Goal was recognized in 2020 with rock and soil sampling protecting roughly 200 m of gossanous publicity. Situated inside the Keevy Peak Formation, the host rocks exhibit extra clastic composition than the Totatlanika Schist, suggesting potential for sedimentary exhalative (SEDEX) mineralization. Historic samples have returned as much as 37.9 g/t silver, 3.81 g/t gold, and 6.8% mixed zinc and lead.

In 2024, Silver47 collected 94 soil samples for XRF evaluation, and 6 rock seize samples. Elevated zinc and lead concentrations had been detected all through the soil grid, with greater values coinciding with the gossan zone. Three rock samples returned values sustaining Horseshoe as a high-priority exploration goal, with the most effective pattern grading 36.6 g/t silver, 0.78 g/t gold, 4.4 mixed zinc and lead, and 147.5 ppm antimony. Element outcrop structural mapping, with tighter-spaced soil-rock geochemistry is deliberate to additional develop Horseshoe right into a drill-ready goal.

Kiwi Goal Drilling and Geochemical Sampling

The Kiwi Goal was recognized by the earlier operators from floor boulders of high-grade copper-silver rock samples, together with a excessive of 16.2% copper and 316 g/t silver. Two historic drill holes KW21-01 and KW21-02 had been drilled to check the potential supply of this mineralization. Neither historic gap intercepted sulphide mineralization similar to the floor samples. A 2021 fastened loop electromagnetic survey was accomplished over the goal, with the outcomes displaying a robust conductive anomaly east of holes KW21-01 and KW21-02. Gap KW24-03 was drilled to a depth of 283 m to check this conductive characteristic. Whereas slim intervals of sulphide mineralization together with chalcopyrite had been encountered within the gap, no vital outcomes had been returned.

Previous to the 2024 drilling, Silver47’s geologists prospected down the western slope of the Kiwi zone to substantiate the historic rock samples. Of the seven rock samples collected, three returned high-grade copper, silver, and gold values, together with 2 samples over 10% copper and silver values of 165 g/t and 218 g/t. Intensive follow-up sampling and structural mapping is required to information future drilling on the Kiwi Goal. Nonetheless, given the excessive variety of targets on the Crimson Mountain Undertaking and the lackluster drill outcomes right here, the Kiwi Goal has been lowered to a decrease precedence rating.

Concerning the Crimson Mountain VMS-SEDEX Undertaking – Alaska, USA

Silver47’s flagship Crimson Mountain property covers 633 sq. kilometres of Alaska State-managed land 100 km south of Fairbanks, Alaska. The challenge is nicely located for infrastructure, 30 km east of the group of Healy which has energy, rail and state freeway entry to Alaska Route 3, offering a priceless connection to Anchorage and tide water. The Firm has an accepted allow to conduct superior exploration, together with drilling, throughout the property.

Crimson Mountain hosts a NI 43-101 inferred mineral useful resource estimate of 15.6 Mt at 7% ZnEq for 1 Mt of ZnEq or 335.7 g/t AgEq for 168.6 Moz AgEq on the Dry Creek (DC) and West Tundra Flats (WTF) useful resource areas as mixed open pit and underground. DC and WTF are the 2 most superior mineralized zones at Crimson Mountain, with at the very least 20 further mineralized prospects found on the property so far over the 60 km of extremely potential geology.

For extra info, see the Crimson Mountain NI 43-101 technical report titled “Technical Report on the Crimson Mountain VMS Property, Bonnifield Mining District, Alaska, USA” dated January 12, 2024, ready by Apex Geoscience Ltd., which will be discovered on the Firm’s web site https://silver47.ca/ and SEDAR+.

High quality Assurance and High quality Management

High quality assurance and high quality management (QAQC) protocols for drill core sampling on the Crimson Mountain Undertaking adopted trade commonplace practices. Core samples had been sometimes taken at 1.0m intervals in mineralized zones, and three.0m intervals exterior of mineralized zones. Pattern lengths had been adjusted as crucial in order to not cross lithologic and mineralogic boundaries. QAQC test samples had been inserted into the pattern stream with one clean, one duplicate (coarse), and one licensed reference materials (CRM) occurring inside each 20 samples. Drill core was reduce in half, bagged, sealed and delivered on 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 had been analyzed at ALS Laboratory amenities in North Vancouver utilizing four-acid digestion with an ICP-MS end. Gold evaluation was by hearth assay with atomic absorption end, or gravimetric end for over-limit samples. Over-limits for silver, zinc, copper, and lead had been analyzed utilizing Ore Grade four-acid digestion. The requirements, licensed reference supplies, had been acquired from CDN Useful resource Laboratories Ltd. of Langley, British Columbia and chosen to characterize anticipated mineralization.

Certified Individual

Mr. Alex S. Wallis, P.Geo., the Firm’s Vice President of Exploration is a “certified particular person” as outlined by NI 43-101. Mr. Wallis has verified the info disclosed on this press launch, together with the sampling, analytical and check knowledge underlying the technical info and has accepted the technical info on this press launch.

About Silver47 Exploration Corp.

Silver47 wholly-owns three silver and significant metals (polymetallic) exploration tasks in Canada ‎and the US. The Flagship Crimson Mountain silver-gold-zinc-copper-lead VMS-SEDEX challenge in ‎southcentral Alaska hosts a NI 43-101 inferred mineral useful resource estimate of 15.6Mt at 7% ZnEq for 1Mt of ZnEq or 335.7 g/t AgEq for 168.6 Moz AgEq on the Dry Creek (DC) and West Tundra Flats (WTF) useful resource areas as mixed open pit and underground. Silver47 shares commerce on the TSX-V underneath the ticker image AGA. For ‎extra details about Silver47, please go to our web site at www.silver47.ca.‎

No securities regulatory authority has both accepted or disapproved of the contents of this launch. Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts duty for the adequacy or accuracy of this launch.

FORWARD-LOOKING STATEMENTS

Info set forth on this information launch could contain forward-looking statements underneath relevant ‎‎securities legal guidelines. Ahead-looking statements are statements that relate to future, not previous, occasions. On this ‎‎context, forward-looking statements usually tackle anticipated future enterprise and monetary efficiency, ‎and ‎usually include phrases corresponding to “anticipate”, “consider”, “plan”, “estimate”, “count on”, and “intend”, ‎statements that ‎an motion or occasion “could”, “would possibly”, “might”, “ought to”, or “will” be taken or happen, together with ‎statements relating ‎to the buying and selling of the Firm’s widespread shares on the TSXV, the possible ‎geology and composition of its properties, anticipated outcomes of additional exploration on its properties, or different related expressions and all statements, aside from ‎statements of historic reality included ‎herein. By their nature, forward-‎wanting statements contain recognized ‎and unknown dangers, uncertainties and different elements which can trigger our ‎precise outcomes, efficiency or ‎achievements, or different future occasions, to be materially totally different from any ‎future outcomes, efficiency or ‎achievements expressed or implied by such forward-looking statements. ‎Such elements embody, amongst ‎others, the next dangers: the necessity for added financing; operational dangers related to mineral exploration; ‎regulatory dangers; ‎fluctuations in commodity costs; title issues; litigation dangers; and the extra dangers recognized within the ‎‎Firm’s lengthy kind prospectus dated October 25, 2024 filed underneath its issuer profile on SEDAR+ and ‎different studies and filings with the TSXV and ‎relevant Canadian securities regulators. Ahead-looking ‎statements are made primarily based on administration’s ‎beliefs, estimates and opinions on the date that ‎statements are made and the Firm undertakes no ‎obligation to replace forward-looking statements if ‎these beliefs, estimates and opinions or different ‎circumstances ought to change, besides as required by ‎relevant securities legal guidelines. Traders are cautioned ‎towards attributing undue certainty to forward-looking ‎statements.‎

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