Mr. Steven Sirbovan reports

ICG SILVER & GOLD IDENTIFIES MAJOR UNTESTED STRUCTURAL CORRIDOR AND MULTIPLE NEW TARGETS AT THE TUSCARORA DISTRICT

ICG Silver & Gold Ltd. has released the results of a recently completed controlled-source audio magnetotelluric (CSAMT) geophysical survey at the Tuscarora district, located in Elko county, Nevada. The survey was designed to add CSAMT coverage on the western flank of the project and help delineate structures, lithologic contrasts, and alteration patterns potentially associated with silver and gold mineralization.

Steven Sirbovan, president, chief executive officer and director of ICG, said, "We have now identified a potentially district-scale mineralizing corridor plus three additional zones, including targets concealed beneath shallow cover, which may materially expand the drill target inventory."

The CSAMT program consisted of seven survey lines totalling approximately 44 line kilometres, completed in November, 2025, by KLM Geoscience of Reno, Nev. The survey lines were oriented to crosscut the north-south vein and structural trends within the district. Results of the fieldwork were then interpreted by James L. Wright, MSc, of Wright Geophysics.

Key highlights:

• 244-line-kilometre CSAMT survey completed across the western portion of the Tuscarora district, bringing the total to approximately 130 line kilometres of CSAMT coverage;
• Major structural corridor identified, termed the McCann Creek structural zone (MCSZ);
• Multiple alteration zones identified along structural trends, interpreted as silica and argillic alteration commonly associated with epithermal gold-silver systems.

Major structural corridor identified

Interpretation of the CSAMT data has revealed a district-scale structural feature associated with McCann Creek, interpreted as a complex system of high-angle faults forming a flower-style structural geometry.

The company has named this feature the McCann Creek structural zone (MCSZ). This structure appears consistently across multiple survey lines and is the most significant structural feature identified to date.

"This major structural corridor, identified by our CSAMT survey last fall, shows a strong spatial relationship with known mineralization encountered in historical mapping and sampling," commented Korbon McCall, vice-president, exploration. "We believe it may represent a major feeder structure responsible for mineralizing fluids within the Tuscarora district and that MCSZ has the potential to be a district-scale mineralizing corridor capable of hosting additional gold-silver zones."

Alteration and structural targets identified

In addition to the MCSZ corridor, the CSAMT survey identified three additional alteration and structural targets, referred to as zones A, B and C. These zones are interpreted from resistivity contrasts within the geophysical data that may represent:

• Silica alteration (high resistivity);
• Argillic alteration (low resistivity).

Both alteration styles are commonly associated with epithermal gold-silver mineral systems.

Building a district-scale geological model

Despite more than a century of exploration and mining activity, the Tuscarora district has never been evaluated using a unified district-scale geological model.

The results of the CSAMT survey support ICG's interpretation that the Tuscarora district hosts a complex structural system within Paleozoic basement rocks overlain by Tertiary volcanic sequences.

High-angle fault structures appear to have served as conduits for hydrothermal fluids that produced the gold and silver mineralization historically mined in the district.

Next steps

The newly acquired CSAMT data are currently being incorporated into the company's evolving 3-D geological model of the Tuscarora district.

Coming work will focus on:

• Integration of CSAMT data with historical drilling and geophysical data sets;
• Target ranking and geological modelling;
• Geochemical sampling across priority target areas;
• Development of a phase 1 exploration drill program.

The company expects these efforts to support drill testing of both near-surface and deeper structural targets identified through the survey.

Corporate update

The company is pleased to announce that it has appointed Independent Trading Group Inc., as of April 9, 2026 (address: Suite 420, 33 Yonge St., Toronto, Ont., Canada, M5E 1G4; contact: Chris Kaplan; e-mail: chriskaplan@itg84.com), as a market maker for its common shares traded on the Canadian Securities Exchange.

ITG, as ICG's market-maker, aims to ensure a fair and efficient market for ICG's common shares and adhere to CSE policies. This involves buying and selling ICG's shares on the CSE and other alternative Canadian trading venues. In exchange for these services, ITG will receive a monthly fee of $6,000 from the company for a period of one month, automatically renewing each subsequent month unless terminated by either party with 30 days of notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the company are unrelated and unaffiliated entities, and, at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the company.

Qualified person statement

The scientific and technical information contained in this news release has been reviewed and approved by an independent consultant to the company, Steven L. McMillin, PG, of Rangefront Mining Services, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About ICG Silver & Gold Ltd.

ICG Silver & Gold is a new mineral exploration and development company advancing the Tuscarora district in northern Nevada. The company's strategy is centred on:

• Advancing the Tuscarora district through systematic exploration and technical studies;
• Building a district-scale geological model;
• Progressing the project toward resource definition and future development.

The Tuscarora district is a silver-gold epithermal system located on the Carlin trend, approximately one hour northwest of Elko, Nev. ICG controls 100 per cent of the approximately 10,000-acre land package, which has extensive rock-chip sampling, thousands of metres of reverse circulation and core drilling, and tens of kilometres of CSAMT geophysics completed on the property. ICG fundamentally believes in the long-term value of precious metals exploration, especially silver and gold, and is led by a technical and management team with extensive experience in exploration, permitting, capital markets and development of mining projects in the Western United States, including Nevada.

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