Mr. Glen Watson reports

MAVERICK GOLD AND SILVER TRIPLES THE SIZE OF THE JERICHO PROPERTY, NEVADA

Maverick Gold and Silver Corp. has acquired an additional 62 claims via staking, which has increased the size of the Jericho property by 370 per cent. The Jericho property comprises 85 mineral claims, covers 1,683 acres (or 6.8 square kilometres) and measures approximately 5.4 kilometres (km) by 1.5 km.

The Jericho property is located in Lincoln county, eastern Nevada, approximately 40 km northeast of Pioche. The property is located within Nevada's Eastern Calderas region, a well-established geological setting formed by large-scale volcanic activity within the Great basin. This region is characterized by thick sequences of volcanic rocks that are very favourable host rocks for epithermal mineralizing systems.

The exploration target at Jericho is a low-sulphidation epithermal deposit; the gold and silver mineralization in the property consists of structurally controlled quartz veins, breccias and stockwork zones hosted in andesites that are variably silicified, propylitized and argillized.

The property is host to two subparallel northeast-striking mineralized trends:

• The west trend, which has been traced for approximately four kilometres, is host to the Helen, Tempa and Fluorite Flat zones.
• The east trend, which has been traced for approximately two kilometres, is host to the President's, Miramonte and Northeast zones.

"Expanding the footprint of the property is a key part of our growth strategy," stated Ian Foreman, PGeo, vice-president of exploration of Maverick Gold and Silver. "We now have sufficient land to fully explore the mineralizing system as we advance the property towards a drill program."

Prior to staking, the company took a grab sample from dump material beside the historical Miramonte working. This sample was composed of pale greenish white, brecciated quartz-rich vuggy material and returned 2.50 grams per tonne (g/t) gold and 188.0 g/t (or 4.54 ounces per ton) silver.

Historical data from the Jericho property indicate that gold grades range from less than detectable to up to 52.8 g/t (or 1.5 ounces per ton). Silver grades range from less than detectable to up to 1,255 g/t (or 36.6 ounces per ton). Mineralization at Jericho appears to have a higher silver content in relation to typical low-sulphidation epithermal systems. This high silver to gold ratio, in combination with the alteration of the host rocks, is interpreted by the company to indicate that the exposed mineralization represents a higher level within the epithermal system.

The history of exploration and small-scale mining within the Jericho property dates to 1896. The property was purchased in 2010 by Fronteer Gold, which was subsequently acquired by Newmont Mining for $2.3-billion in 2011. The property was subsequently dropped a number of years later and there appears to have been no recent exploration completed, including drilling.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Helgi Sigurgeirson, PGeo, a consultant to the company, and a certified independent professional geoscientist and qualified person as such term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects.

The historical sample results referenced above are taken from prior operators' work and predate the company's involvement with the property. A qualified person has not verified this data, and Maverick is not treating the historical results as current or any indication of the potential to develop a mineral resource. These results should not be relied upon and are referenced for illustrative purposes only. Additional work, including surface sampling, drilling and assay verification, will be required to confirm and validate the historical information.

QA/QC (quality assurance/quality control) disclosure

The samples collected during the program were handled using industry standard QA/QC procedures. Samples were sealed in individual numbered bags prior to shipment to ALS Global in Reno, Nev., for sample preparation, prior to assaying in ALS Global facilities in North Vancouver.

Gold was determined by fire assay fusion of a 30-gram subsample with atomic absorption spectroscopy (AAS). Various metals including silver, arsenic and antimony are analyzed by inductively coupled plasma (ICP) atomic emission spectroscopy, following multiacid digestion. ALS Geochemistry meets all requirements of international standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates according to the guidelines set out in ISO/IEC Guide 25.

As there were a limited number of samples, the company relied on the laboratory's internal quality control checks in accordance with its accreditation requirements. Maverick will review all QA/QC results to ensure data quality before incorporating the information into the project's geological database.

About Maverick Gold and Silver Corp.

Maverick Gold 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.

We seek Safe Harbor.