Mr. Jason Weber reports

SILVER NORTH SIGNS SIGNIFICANT DRILL AND GEOPHYSICAL CONTRACTS FOR 2026 SILVER EXPLORATION AT HALDANE, YT

Silver North Resources Ltd. has signed a two-year drill contract with Boart Longyear for the fully financed 2026 and 2027 Haldane silver exploration programs. In addition, Silver North has signed contracts for airborne geophysical surveys at both its Haldane and Veronica projects.

Jason Weber, president and chief executive officer, noted: "We are extremely pleased to be in a strong financial position and to have the ability to lock in this two-year contract with Boart for drilling at Haldane. This gives us certainty of executing our plan for 5,000 to 7,000 metres of drilling each year for potential expansion of the Main fault, where our previously announced drilling results returned from HLD25 to 31 include 3.2 metres averaging 2,014 grams per tonne silver, 1.72 g/t gold, 4.73 per cent lead and 1.1 per cent zinc within a larger 13.15-metre intersection of 818 g/t silver, 1.39 g/t gold, 2.54 per cent lead and 0.98 per cent zinc. With two drills available to us, we now have the flexibility to simultaneously test our numerous exploration targets on the Haldane project."

Haldane drilling contract

The drilling contract between Silver North and Boart will see two diamond drilling rigs provided for the entirety of the 2026 and 2027 field seasons. Mobilization of the two drills and supporting equipment will occur around the middle of March, with the equipment ready and in position to start the drilling campaign as soon as weather and the exploration season allow. This is expected to be no later than the first week of June.

Drilling will focus on expanding the Main fault target, where all nine holes that have reached the target have returned significant widths and grades of silver-gold-lead-zinc vein mineralization. Additional targets slated for drill testing include Bighorn, where a drill discovery made in 2019 has never been followed up on. The target footprint at Bighorn consists of anomalous soil geochemistry and anomalous silver-bearing structures encountered in trenching over 600 metres of strike length surrounding the one drill hole. Further drill metreage is reserved for refined targets from the airborne geophysical survey and associated Johnson, West fault and Middlecoff targets.

Airborne geophysical survey

Silver North has also signed a contract with SkyTEM Canada Inc. to conduct a SkyTEM312 survey over the Haldane project. The survey will consist of 100-metre-spaced flight lines with 1,000-metre-spaced tie lines for a total of 944 line kilometres of survey. The survey will collect both magnetics and time-domain electromagnetic data. The purpose of the survey is to aid detailed drill hole targeting by refining the underlying geology as well as helping define Haldane's complex structural architecture.

Veronica airborne geophysical survey

Silver North has also signed a contract with Geotech Ltd. to conduct a VTEM (versatile time-domain electromagnetic) survey over the Veronica project. The survey will consist of 100-metre-spaced flight lines with 1,000-metre-spaced tie lines for a total of 243 line kilometres of survey. The survey will collect both magnetics and time-domain electromagnetic data. The goals for the survey are to help map the property geology that is largely obscured by overburden and provide information about the structural architecture of the project area, potentially revealing structures that could host mineralization. Mineralization discovered at Veronica in 2025 included a float cobble sample at the Lodge showing that returned 2,860 g/t Ag, 0.412 g/t Au, 76.8 per cent Pb and 0.18 per cent Zn and a rock grab sample from an outcropping brecciated and silicified fault zone at the Cooper showing that returned 33.17 g/t Ag, 1.36 per cent lead and 0.4 per cent Zn (see news release dated Dec. 11, 2025). The VTEM survey has the potential to directly detect potential fault-hosted sulphide mineralization and sulphide-bearing CRD-related (carbonate replacement deposit) manto styles of mineralization in the subsurface.

About Silver North Resources Ltd.

Silver North's primary assets are its 100-per-cent-owned Haldane silver project (next to Hecla Mining Inc.'s Keno Hill mine project) and the Tim silver project (under option to Coeur Mining Inc.). The company is listed on the TSX Venture Exchange under the symbol SNAG and trades on the OTCQB market in the United States under the symbol TARSF and the Frankfurt Stock Exchange under the symbol I90.

Jason Weber, PGeo, president and chief executive officer of Silver North Resources, is a qualified person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.

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