Silver47 Commences Fully Funded 10,000-Meter Drill Program at the Red Mountain Silver and Critical Minerals Project, Alaska

Drilling will target both resource growth and new polymetallic occurrences across a 60 km highly prospective mineralized corridor Vancouver, June 12, 2026 – Silver47 Exploration (“Silver47” or the “Company”) (TSXV: AGA) (OTCQX: AAGAF) is pleased to announce that its fully funded, 2026 summer drill program has commenced across the high-grade silver and critical minerals Red Mountain Project, Alaska (the “Red Mountain Project”). Key Highlights: *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] Galen McNamara, CEO, stated: “With three rigs and 10,000 metres of drilling planned, this marks the largest exploration program ever undertaken at Red Mountain. The program is designed to both expand the existing resource and systematically evaluate several high-priority targets that have seen limited or no previous drilling. Red Mountain continues […] Source