Mr. Steven Sirbovan reports

ICG SILVER & GOLD COMMENCES 3,000-METER PHASE 1 DRILL PROGRAM AT THE TUSCARORA DISTRICT, NEVADA

ICG Silver & Gold has commenced its phase 1, 3,000-metre reverse circulation drill program.

"Commencing our first drill program at the Tuscarora district is a major milestone for ICG and marks the transition from district-scale compilation and target generation into active exploration," stated Steven Sirbovan, president and chief executive officer of ICG Silver & Gold.

"Phase 1 drilling will allow us to test multiple shallow silver-gold targets while collecting geological data to refine our district-scale model," stated Korbon McCall, vice-president of exploration. "Our objective is to assess the geological controls on mineralization and prioritize the strongest targets for subsequent drilling."

The program will initially focus on shallow, oxidized silver-gold targets identified through the company's district-scale geological modelling, historical data compilation, geophysical interpretation and field review. Six priority target areas have been selected for testing, representing the company's most advanced drill targets to date.

The company has hired Major Drilling International Inc. to perform drilling services. RC drilling was selected as an efficient and cost-effective method for rapidly evaluating multiple near-surface targets across the district. The program is designed to test geological interpretations, evaluate the continuity and extent of mineralization, and generate new geological and assay data to refine the company's district-scale thesis.

Overview of the phase 1 drill program

As previously announced on May 28, 2026, the company will focus on six priority target areas.

The company will begin at the Silica target, followed by Battle Mountain, King's Vein, Grand Prize, East Pediment and, finally, Modoc. The company expects to announce initial assay results in August.

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; and
• Progressing the project toward resource definition and future development.

The Tuscarora district is a silver-gold epithermal system located within the intersection of the Carlin and Independence trends, 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 metal 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.

Qualified person 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), an independent consultant to the company.

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