Mr. Tony Makuch reports

DISCOVERY ANNOUNCES RECEIPT OF KEY ENVIRONMENTAL AND LAND USE PERMITS FOR CORDERO PROJECT

Discovery Mining Ltd. today confirmed that it has received the Cordero project's environmental impact assessment (manifesto de impacto ambiental or MIA) permit and the change of land use permit from Mexico's Federal Environmental Department (SEMARNAT). Receipt of the MIA and change of land use permits completes the federal environmental permitting process and positions the company to advance Cordero toward development.

Tony Makuch, Discovery's president, chief executive officer and chairman, commented: "We want to thank the Mexican regulators and authorities for their trust in us as we advance Cordero forward as a model of sustainability for all stakeholders. Cordero is a large-scale silver project that will produce the right mix of critical metals the world needs, with minimal negative environmental impact, while improving the use of water resources in the region and generating substantial socio-economic benefits for Mexico. The project will create thousands of jobs, provide considerable training and multigenerational skills development, and will deliver significant economic contributions to the region and the country."

About Discovery Mining Ltd.

Discovery Mining is a growing precious metals company that is creating value for stakeholders through exposure to gold, silver and other critical minerals. Discovery's silver exposure comes mainly from the 100-per-cent-owned Cordero project, one of the world's largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua state, Mexico. In Canada, the company is advancing plans to more than double annual gold production through investment in its Porcupine assets, which include multiple operations, attractive growth projects and significant exploration upside in one of the world's most renowned gold camps in and near Timmins, Ont. The acquisition of the Kidd operations in June, 2026, further increased Discovery's land position within the camp, provided valuable infrastructure that will support the company's growing gold business and added critical minerals to the company's current production profile.

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