Silver47 and Summa Silver Complete Merger to Create a Premier U.S. High Grade Silver Explorer & Developer

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, August 1, 2025 – Silver47 Exploration Corp. (“Silver47”) (TSXV: AGA) (OTCQB: AAGAF) andSumma Silver Corp. (“Summa”) (TSXV:SSVR) (OTCQX: SSVRF) (together, the “Companies”) are pleased to announce the completion of their previously announced at-market merger (the “Transaction”) by way of a court-approved plan of arrangement (the “Arrangement”). The combined company (the “Combined Company”) will continue under the name “Silver47 Exploration Corp.”. Gary R. Thompson, Executive Chairman of Silver47, stated: “We are excited to have reached this transformative milestone which begins our rapid growth phase to become a large high-grade USA focused silver company. I’m looking forward to unlocking the value of these assets.” Galen McNamara, Chief Executive Officer of Silver47 stated “Silver47 now emerges as a premier United States-focused high-grade silver explorer and developer. Uniting projects in Alaska, Nevada, and New Mexico cumulatively hosting well over 200 million silver equivalent ounces with clear upside potential, we’re poised to benefit from a renewed interest in United States mineral development at a time when the importance of domestic production has returned to the national […] Source