Silver47 Launches Drilling on the Eastern Extension of the Tonopah High Grade Silver District, Hughes Project, Nevada

Drilling to begin with a fence of holes at the Ruby discovery in pursuit of the main high-grade structure Vancouver, March 23, 2026 – Silver47 Exploration (“Silver47” or the “Company”) (TSXV: AGA) (OTCQX: AAGAF) is pleased to announce that drilling has commenced across the highly-prospective eastern extension of the Tonopah Mining district at the Hughes Project near Tonopah, Nevada (the “Hughes Project”). Key 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: “2026 is shaping up to be a transformative year for the Hughes Project. In addition to advancing our high-grade resource base, we are aggressively pursuing the main high-grade structure along the eastern extension of the historic Tonopah District—one of Nevada’s premier exploration targets. The Tonopah District historically produced 175 million ounces of silver and 1.86 million ounces of gold along a roughly four-kilometer trend. The potential to extend this prolific system an additional 4.2 kilometers on our ground represents a rare and exciting opportunity to revitalize and expand one of America’s […] Source