Mr. Galen McNamara reports

SILVER47 SOIL SURVEY HIGHLIGHTS 15 KM HIGH-GRADE VEIN NETWORK AND OUTLINES NEW DISSEMINATED GOLD TARGET AT KENNEDY, NEVADA

Silver47 Exploration Corp. has released the results of a property-wide soil geochemical survey at its wholly owned high-grade Kennedy gold-silver project in Nevada. Results support the company's interpretation of prospective gold and silver targets across the project.

Key Highlights:

• Anomalies directly over high-grade veins: strong gold and multielement (Ag-Sb-As-Cu-Zn-Pb) (silver-antimony-arsenic-copper-zinc-lead) soil anomalies coincide with the approximately 15-kilometre high-grade vein network. They include a continuous approximately 1.3 km gold-in-soil anomaly along the Cricket-Accident trend, of the vein field mapped at surface.
• High-grade gold-silver at surface: Previous reported vein samples associated with the soil anomalies returned up to 39.4 grams per tonne Au (gold) with 370 g/t Ag (silver) (Cricket-Accident), plus 19.5 g/t Au with 273 g/t Ag and 3.8 g/t Au with 554 g/t Ag (Danneburg), amongst many others. Together they show high-grade gold and silver across the vein field1. These selective samples are not necessarily representative of mineralization across the vein field but support follow-up work in areas with coincident soil anomalies.
• Extending soil anomalies near known veins: Gold-in-soil anomalies extend approximately one kilometre north of the historic Gold Note mine, the district's principal historical gold producer, toward the Chromo, Hidden Treasure and Varrell vein targets. They also extend approximately 600 m northwest of the Danneburg veins, and both extensions are now priority areas for follow-up exploration.
• New disseminated gold target: At Lamberson, a approximately 500-metre-by-600-metre gold anomaly with a Mo-Cu-Bi-Sb (molybdenum-copper-bismuth-antimony) pathfinder signature sits over broad pyrite and propylitic alteration. It may indicate an intrusion-related disseminated gold target alongside the high-grade veins, and the area has seen limited historical exploration.
• Advancing target prioritization and drilling: A total of 2,924 soil samples over approximately 18 square km are being integrated with geological mapping, rock sampling and drone magnetics to rank targets. An IP survey is planned over the main mineralized corridors to define targets for inaugural drilling.

Galen McNamara, chief executive officer, stated: "Each phase of exploration at Kennedy is advancing toward target definition. These results in conjunction with high rock sample grades continue to demonstrate strong prospectivity and highlight our systematic approach in pinpointing drill targets and maximizing discovery efficiency. As we advance Kennedy, we see it as an important exploration component of our broader portfolio alongside the pending Bunker Hill merger."

Refining high-priority drill targets

A project-wide, grid-based soil geochemical survey consisting of 2,924 samples was recently completed across the Kennedy project, 70 km south of Winnemucca, Nev. Samples were collected by Rangefront Mining Services at 50-metre intervals along northeast-southwest-trending survey lines spaced 100 metres apart. The sample grid was designed to cover the main mineralized corridors defined in recent mapping (see May 7, 2026, news release). The purpose of the survey was to investigate the surficial expression and potential extent of known high-grade veins as well as to inform project-scale geochemical zoning, vectoring and target prioritization. Highlights from the soil survey include:

• The Northeastern vein field: Numerous high-grade veins have been traced in sparse outcrop and historical disturbances across the northeastern portion of the Kennedy project. Vein targets include Fourth of July, Imperial, Wallace, Accident, Cricket and Danneburg. All of the vein systems are associated with strong gold and multielement (that is, Ag, Sb, As, Cu, Zn and Pb) soil anomalies. For example, the 1.2 km Cricket-Accident trend, with previously reported selective rock samples up to 39.4 g/t Au and 370 g/t Ag, is spatially coincident with an elevated and consistent gold-in-soil anomaly that extends for approximately 1.3 km. The Danneburg target, on the northern extent of the vein field, covers a approximately 350 m by 150 m footprint of poorly exposed veins. Samples from vein material returned up to 19.5 g/t Au with 273 g/t Ag and 3.8 g/t Au with 554 g/t Ag. A strong gold-in-soil anomaly, coincident with the footprint of the known veins, extends approximately 600 metres to the northwest. This Danneburg northwest extension area represents a priority target for follow-up exploration.
• Gold Note North: Most of the historical gold production in the Kennedy district was from the Gold Note mine. The mine was centred on a series of high-angle, broadly east-west-striking quartz veins traced for over 350 m. Previously reported selective samples of waste material from mine dumps returned grades up to 40.4 g/t Au with 232 g/t Ag and 11.1 g/t Au with 1,020 g/t Ag. The known veins at Gold Note are spatially coincident with a strong gold-in-soil anomaly that extends approximately one km north to the Chromo, Hidden Treasure and Varrell vein targets. This entire trend is considered prospective for north-striking vein-systems similar to the northeastern vein field and represents a priority target area for follow-up exploration.
• Lamberson area: The Lamberson target is centered on the historical Lamberson mine, 1.3 km south of the Gold Note mine. The target includes widespread zones of intense pyrite and propylitic alteration exposed along the Lamberson Canyon (see May 7, 2026, news release). This broad zone of hydrothermal alteration with local high-grade Au mineralization (for example, 32.2 g/t Au at the Lamberson mine) is spatially coincident with a strong gold (approximately 500 by 600 m) and multielement (that is, Mo-Cu-Bi-Sb) soil anomaly. This target area has seen limited historical exploration and represents a priority target for follow-up exploration.

Continued target refinement

A direct current induced polarization (DCIP) geophysical survey is currently being planned. The DCIP survey will be designed to characterize and detect subsurface sulphide mineralization associated with the main mineralized corridors (that is, Northeastern vein field and Gold Note to Lamberson areas). Result from the DCIP survey together with soil and rock geochemistry, recently completed geological mapping and drone-based magnetics will inform target selection for potential inaugural drill testing.

Analytical and QA/QC (quality assurance/quality control) procedures

Soil samples were prepared and analyzed at the ALS Global analytical laboratories in Twin Falls, Idaho, and North Vancouver, B.C. ALS Global is registered to ISO/IEC 17025:2017 accreditation for laboratory procedures.

Soil samples were dried onsite before being shipped to the ALS Global laboratory. The samples were screened to negative 180 micrometres (SCR-41), analyzed using an aqua regia digestion (GEO-AuAR01) followed by a trace detection ICP-MS finish (method AuMe-TL43) on a 25-gram aliquot.

No standards or blanks were inserted by Silver47 with the soil samples. ALS routinely inserts certified standards, blanks and pulp duplicates into the analytical stream. The standards, blanks and duplicate samples used by ALS are considered appropriate and the results are acceptable.

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 and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

Rock sample results referenced in this news release are selective in nature and may not be representative of mineralization across the Kennedy project. Historical mining and exploration information is provided for geological context and target-generation purposes and has not been independently verified by the company except as expressly stated.

About Silver47 Exploration Corp.

Silver47 Exploration is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The company is creating a leading high-grade U.S.-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.

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