Mr. Glen R. Watson reports

MAVERICK GOLD AND SILVER COMMENCES FIELD PROGRAM AT GATOR EPITHERMAL GOLD-SILVER PROJECT, NEVADA

Maverick Gold and Silver Corp. has commenced its 2026 exploration program at the Gator property, located in Pershing and Lander counties, Nevada.

Phase I of the program is expected to be completed within approximately 30 days and will include:

• A magnetotelluric (MT) survey over the Gator South target designed to define subsurface resistivity structures and identify potential zones of alteration and fluid pathways associated with precious metal mineralization at depth;
• High-resolution geological mapping over the GSX target focused on characterizing alteration intensity, structural controls and host lithologies to support targeting of mineralized zones and future drill collar locations.

"In the six weeks since optioning the Gator property, we have identified contractors, performed field visits and initiated our first work program. This all being done with the objective to move towards a drill decision as quickly as possible," stated Ian Foreman, PGeo, vice-president, exploration.

Gator property overview

The Gator property is located approximately 56 kilometres (km) (35 miles) south-southwest of Battle Mountain, a well-established mining hub in north-central Nevada. The property is made up of 160 mining claims that cover 3,306 acres (or 13.4 square kilometres) and located on U.S. federal land under administration of the Bureau of Land Management (BLM). The property has excellent year-round access via all-weather county roads.

The Gator property is situated within a highly prospective region:

• Approximately 36 km southwest of the producing Phoenix mine (7.2 million ounces (oz) gold, M&I (measured and indicated) resources*) operated by Nevada Gold Mines;
• Approximately 19 km west-southwest of the past-producing Cove-McCoy mine (3.3 million oz gold and 108 million oz silver**) now owned by i-80 Gold.

Exploration targets

The Gator is underlain by prospective lithologies that host and/or are proximal to several mines in the region. Detailed mapping and geochemical analysis at Gator have outlined a distal-disseminated-style epithermal Au-Ag mineral system over a seven-kilometre-long north-south structural corridor. Within this corridor, the company has identified two high-priority targets.

Gator South target

The Gator South target occupies a graben, or a down-dropped block, within the north-south structural trend. This geological environment is comparable to the surface expressions that overlay and/or are proximal to past producing mines in the region.

GSX target

Situated along the southern extension of the property, the GSX target is characterized by strongly silicified sediments of the Havallah formation. Geochemical sampling has identified anomalous gold, mercury and arsenic over an area measuring approximately 400 by 700 metres. This mineralization is interpreted to represent vapour-phase alteration controlled by fault and fracture networks, overlying a potentially precious-metal-bearing hydrothermal system at depth.

* Barrick Gold -- Nevada site visit -- February, 2026.

** Society of Economic Geologists (2008), Economic Geology, Volume 103, retrieved from Geoscience World Journal Archive.

Qualified persons

Kenneth Tullar, CPGeo (CPG-11142), a consultant to the company and an independent qualified person, as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information related to the Gator property contained in this news release.

About Maverick Gold and Silver Corp.

Maverick Gold and Silver is an exploration-stage company advancing a portfolio of high-potential gold, silver and copper properties. The company has focused on British Columbia and Nevada, mining-friendly jurisdictions that have established infrastructure, predictable permitting and supportive regulatory frameworks.

Additional information about Maverick Gold and Silver is available on the company's website.

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