Mr. Galen McNamara reports

SILVER47 BEGINS METALLURGICAL TESTWORK TO CONFIRM REPROCESSING POTENTIAL OF HISTORIC MINE TAILINGS AT HUGHES, NEVADA

Silver47 Exploration Corp. has initiated metallurgical testwork 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 be economic at current silver prices.

Program highlights:

• Auger drill program completed: A 21-hole auger program collected fresh, representative samples from across the entire Belmont tailings impoundment, providing material for the first comprehensive modern metallurgical evaluation.
• Historic tailings resource at surface: The Hughes tailings consist of fine-grained material at surface and host inferred mineral resources of 1.8 million ounces silver and 11,000 ounces gold (44 grams per tonne Ag and 0.3 g/t Au, or 68 g/t silver equivalent) within approximately 1.26 million tonnes -- positioning it as a potentially important and low-disturbance silver source on private land.
• First modern metallurgical program under way: Laboratory work will include agitated cyanide leach tests at current size and regrinding to two smaller grind sizes with kinetic sampling and carbon-in-leach testing at the optimal grind to evaluate recovery, carbon loading and process efficiency building on confirmatory testwork.
• Favourable host minerals: Diagnostic leaching in 2021 revealed strong deportment amenable to cyanidation, with 79 to 87 per cent of silver and 55 to 61 per cent of gold readily cyanide-soluble, indicating low refractory content and supporting optimism for efficient recovery with contemporary techniques.
• Path to feasibility assessment: This metallurgical program will deliver key data on recovery rates and process assumptions, enabling a comprehensive evaluation of technical and economic feasibility for reprocessing the tailings into potential low-cost silver production, with results expected to guide next steps including pilot-scale considerations.

Galen McNamara, chief executive officer, stated: "The emerging new silver price environment has fundamentally changed the economics of historic tailings like those at Belmont. During Howard Hughes's Summa Corp. evaluations in the 1970s, when silver averaged around $4 (U.S.) to $5 (U.S.) 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 disturbance and the added benefit of rehabilitating a legacy site that could serve as a model for similar projects throughout the West. This work will provide the data needed to assess its real potential."

Gary Thompson, executive chairman, stated: "This Tonopah tailings silver-gold recovery project is a great short-term value add opportunity for Silver47 shareholders. This is a tremendously exciting time for the company with aggressive exploration programs planned on our core assets, and, with the additional tailings work ongoing, we expect this to be a transformative year ahead. We look forward to evaluating the potential this opportunity presents as well as returning to Hughes for a spring drill program."

Auger drilling and metallurgical test program

Silver47 has completed a targeted auger drilling program at its Hughes property in Nevada, marking a significant step toward evaluating the reprocessing potential of the historic Belmont tailings. The 21-hole initiative, totalling approximately 67.35 metres, was designed to collect fresh, representative samples from across the entire tailings impoundment. Holes ranged in depth from 1.05 to 5.75 metres and systematically targeted both the western and eastern zones, with many collared within one metre of visible previous holes from 2019-2020 programs for comparative accuracy. Sample collection employed a hand auger, with material recovered directly into sealed, labelled two-gallon buckets for shallower holes (less than or equal to two metres) or five-gallon buckets for deeper ones, requiring tamping to fit, all featured locking lids and internal flagging for secure transport. This effort provides comprehensive coverage of the inferred mineral resource, enabling a modern assessment of silver and gold distribution.

The collected material, totalling around 150 kilograms from 20 holes, has been shipped to Forte Analytical LLC, an arm's-length party to the company, located in Fort Collins, Colo., for detailed metallurgical testing under a carbon-in-leach focused program. Samples will first undergo preparation and compositing into East and West master blends to reflect the resource's average grade, followed by head characterization including triplicate fire assays for gold and silver, cyanide shake tests, multielement ICP-OES analysis, and full carbon/sulphur speciation through Leco. Subsequent work includes regrind optimization targeting P80 sizes of 74 microm and 53 microm, agitated cyanide leach bottle-roll tests (one-kilogram scale) at three grind levels (as received, 74 microm and 53 microm) with kinetic sampling over time, and bench-scale CIL testing at the optimal grind to quantify recovery rates, carbon loading and overall process efficiency.

This integrated program builds on historic data indicating strong cyanide amenability, aiming to confirm modern recovery potential amid elevated silver prices. Results will inform feasibility for low-impact reprocessing on the company's patented private land, potentially unlocking value from this overlooked asset while advancing environmental remediation.

About Silver47 Exploration Corp.

Silver47 is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The company is creating a leading high-grade United States-focused silver developer with a combined resource totalling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions and technical reports, please refer to the National Instrument 43-101 technical report and other filings available on SEDAR+. The company trades on the TSX Venture Exchange under the ticker symbol AGA and on the OTCQX under the ticker symbol AAGAF.

Qualified person

The technical and scientific content of this news release has been reviewed and approved by Galen McNamara, PGeo, the chief executive officer of the Company, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

Mr. McNamara reviewed and verified the sampling, analytical and quality assurance/quality control data underlying the technical information disclosed herein.

We seek Safe Harbor.