File: Attachment PRESS Drummond Announcing Filing Statement - Final.pdf

DRUMMOND VENTURES ANNOUNCES FILING OF FILING STATEMENT FOR QUALIFYING TRANSACTION

Not for distribution to United States newswire services or for dissemination in the United States.

Vancouver, British Columbia, April 16, 2026, Drummond Ventures Corp. (TSXV: DVX.P) ("Drummond") and Toro Silver Corp. ("Toro"), a corporation incorporated under the laws of the Province of British Columbia, are pleased to announce that Drummond has filed the filing statement dated April 15, 2026 (the "Filing Statement") and a technical report on the Comstock mining project in Nevada with an effective date of November 1, 2025 (the "Technical Report") on its SEDAR+ profile in connection with the proposed business combination of Drummond and Toro (the "Proposed Transaction"), as previously described in the press releases of Drummond dated December 31, 2025 and March 20, 2026. The Proposed Transaction will constitute Drummond's Qualifying Transaction, as such term is defined in Policy 2.4 Capital Pool Companies ("Policy 2.4") of the TSX Venture Exchange (the "Exchange"). Upon completion of the Proposed Transaction, Drummond will be renamed "Mackay Gold & Silver Corp." (the "Resulting Issuer") and will commence trading under the symbol TSX.V: MACK

Drummond and Toro anticipate closing the Proposed Transaction on or about April 17, 2026. Drummond and Toro anticipate that the Resulting Issuer will commence trading of its common shares on the Exchange on or about April 24, 2026.

Investors are encouraged to review the Filing Statement and the Technical Report at www.sedarplus.ca, which provides detailed information about the Proposed Transaction, Drummond, Toro and the Resulting Issuer, including financial statements of Toro and Drummond, and pro forma financial statements of the Resulting Issuer.

Drummond Ventures Corp.

Drummond was incorporated under the Business Corporations Act (British Columbia) on March 28, 2018, and is a Capital Pool Company (as such term is defined in Policy 2.4) listed on the Exchange. Drummond has no commercial operations and no assets other than cash.

Further Information

For further information, please contact:

Drummond Ventures Corp. Suite 3200, 733 Seymour Street Vancouver, British Columbia V6B 0S6 Canada

Contact: Craig Rollins Telephone: 778-945-3948

Toro Silver Corp. Suite 405, 375 Water Street, Vancouver, British Columbia V6B 5C6 Canada

Contact: Darwin Green Telephone: 604-789-6043

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 2

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.

Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to the Exchange acceptance and, if applicable pursuant to the Exchange requirements, majority of the minority shareholder approval. Where applicable, the Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Drummond should be considered highly speculative.

The Exchange has in no way passed upon the merits of the Proposed Transaction and has not approved or disapproved of the contents of this press release.

Cautionary Note Regarding Forward-Looking Information

This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Drummond and Toro with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: whether the Proposed Transaction will be consummated and the timing for completing the Proposed Transaction.

Readers are cautioned that forward-looking information is not based on historical facts but instead reflect management of Drummond and Toro's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Drummond and Toro believe that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to consummate the Proposed Transaction; the ability to obtain requisite regulatory and other approvals and the satisfaction of other conditions to the consummation of the Proposed Transaction on the proposed terms and schedule; the potential impact of the announcement or consummation of the Proposed Transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; the ability of the Resulting Issuer and Toro to carry out its exploration activities as currently contemplated; compliance with extensive government regulation; and the diversion of management time on the Proposed Transaction. This forward- looking information may be affected by risks and uncertainties in the business of Drummond and Toro and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward- looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Drummond and Toro have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. 3

Drummond and Toro do not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.