Silver47 Begins Metallurgical Testwork to Confirm Reprocessing Potential of Historic Mine Tailings at Hughes, Nevada

Tailings contain NI 43-101 compliant inferred resources of 1.8 Million Ounces Silver and 11,000 Ounces Gold Vancouver, British Columbia, February 19, 2026 – Silver47 Exploration Corp. (TSXV: AGA) (OTCQX: AAGAF) (“Silver47” or the “Company“) is pleased to announce that it has initiated metallurgical test work to evaluate the feasibility of reprocessing the historic Belmont tailings deposit located on its privately held patented claims at the Hughes property in Nevada – a potentially significant source of contained silver that has never been systematically evaluated with modern recovery methods and that may now be economic at current silver prices. Program Highlights: * g/t = grams per tonne; 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: “The emerging new silver price environment has fundamentally changed the economics of historic tailings like those at Belmont. During Howard Hughes’ Summa Corporation evaluations in the 1970s, when silver averaged around US$4–$5 per ounce, reprocessing was not viable. Today, this fully owned, private-land asset presents a compelling opportunity to utilize modern techniques—with minimal new surface […] Source