Silver47 Launches Drilling to Target Depth Extensions of High-Grade Silver at Mogollon Silver-Gold Project, New Mexico

Vancouver, British Columbia, January 21, 2026 – Silver47 Exploration Corp. (TSXV: AGA) (OTCQX: AAGAF) (“Silver47” or the “Company“) is pleased to announce the start of a winter drill program at its Mogollon Project located near Silver City, New Mexico (the “Mogollon Project”). The program will consist of holes testing the depth extents of high-grade silver along the Last Chance Vein. Highlights: * g/t = grams per tonne; Silver equivalent is calculated using ratios with metal prices of 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: “This drilling program at Mogollon targets high-grade extensions below historical ore shoots on the Last Chance Vein, one of the Mogollon District’s major historical producers that once supported a 40-stamp mill. A successful outcome would open significant unexplored depth potential across the entire Mogollon District, largely dormant since the 1942 wartime shutdown. With silver now designated a critical mineral essential for solar, batteries, electronics, and defense, domestic sources are increasingly rare and strategically valuable amid global supply risks. Ongoing exploration success and development could contribute meaningfully to U.S. […] Source