Mr. Steven Sirbovan reports

ICG SILVER & GOLD ANNOUNCES RECEIPT OF ALL PERMITS TO COMMENCE PHASE 1 DRILL PROGRAM AT THE TUSCARORA DISTRICT

ICG Silver & Gold Ltd. has received all required permits to commence its planned phase 1 drill program.

Receipt of the permits marks a key milestone for ICG as the company advances toward the launch of its 3,000-metre phase 1 drill program. The permitted work will allow ICG to conduct initial exploration drilling across multiple priority target areas identified through recent district-scale geological modelling, historical data review and field-based evaluation, see press releases dated May 28, 2026, and June 9, 2026.

"This is an important step forward for ICG and the Tuscarora district," stated Korbon McCall, vice-president of exploration. "With permits now in hand, our team is positioned to begin executing the first modern, systematic drill program under ICG's leadership. The phase 1 drill program is designed to test several silver-gold targets within the Central and East zones while continuing to build a broader district-scale exploration model."

The phase 1 drill program will focus on multiple high-priority targets, including East Pediment, Grand Prize, Kings Vein, Modoc, South Navajo and Battle Mountain. These targets were selected based on the company's ongoing integration of historical drilling, surface sampling, geological mapping, geophysics and structural interpretation.

The company's near-term field activities will include drill pad and access preparation, final contractor mobilization, water logistics, and commencement of drilling. ICG has already announced the engagement of Major Drilling as drilling contractors (see June 3, 2026, press release).

The permitted phase 1 drill program is designed to evaluate shallow oxide opportunities and advance ICG's broader objective of unlocking the exploration potential of the Tuscarora district and includes 25 pads to allow for flexibility when it comes to targeting. The company believes the district remains underexplored by modern standards, particularly across target areas where historical work identified mineralization, but where limited systematic follow-up has been completed.

QP statement

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

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 centered 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, on which extensive rock chip sampling, thousands of metres of reverse circulation and core drilling, and tens of kilometres of CSAMT geophysics have been completed. 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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