Mr. Mike Power reports

SILVER RANGE PARTNER WALKER LANE RESOURCES TO BEGIN AN AIRBORNE GEOPHYSICAL SURVEY AT TULE CANYON, NEVADA

Silver Range Resources Ltd. partner Walker Lane Resources Ltd. is undertaking an airborne geophysical survey at the Tule Canyon property in Esmeralda county, Nevada. Walker Lane has an option to acquire a 100-per-cent interest in the Tule Canyon property (see Silver Range's news release dated March 26, 2025).

Precision Geosurveys Inc. of Reno, Nev., and Langley, B.C., has been contracted to perform an airborne total magnetic field and radiometric survey over the Tule Canyon property. The survey will commence following completion of continuing surveys by Precision in west-central Nevada and California. A total of 212 line kilometres will be flown along lines spaced 100 metres apart, 30 metres above ground level.

The Tule Canyon property sits astride a prominent deflection in the regional magnetic field associated with the underlying Sylvania pluton. High-grade gold and silver mineralization in the district is localized along this feature. The principal objectives of the survey will be to accurately map this deflection and to locate second-order anomalies that may be associated with structurally controlled precious metal mineralization.

About the Tule Canyon property

The Tule Canyon property is 95 kilometres south of Tonopah and 80 kilometres northwest of Beatty near the Nevada-California border. Mineralization on the property occurs along a five-kilometre-long trend coincident with a major structural inflection in the Sylvania pluton mapped by regional aeromagnetic surveys. Gold and silver mineralization is hosted in numerous quartz veins with mesothermal textures. Precious metals are associated with hematite, pyrite, yellow plumbo-jarosite or similar lead oxides, and rare galena and copper oxides. The western end of the trend covering the Ingalls vein and the China Doll zone is silver dominant, with mineralization returning up to 4,320 grams per tonne silver and up to 31.8 grams per tonne gold. The eastern end of the trend is gold dominant with assays up to 37.3 grams per tonne gold at surface and 27.6 grams per tonne gold underground. Silver assays from material collected in this eastern area range up to 183 grams per tonne silver.

Mining in Tule Canyon dates from prior to 1848, when Mexican placer miners first began work in the area. Hard-rock mining on the property dates from the 1890s at the Dark Secret mine. Mining at the nearby Eastside mine and the Ingalls vein occurred during the late 1900s, with a small heap-leach operation constructed at the latter property. A small open-pit mining operation at the Dark Secret mine during the 1980s reportedly shipped material to Goldfield for processing. In the pit, coalescing veins appear to form a bulk-tonnage target. A chip-trench sample across the bottom of the pit returned 40 metres at 0.469 gram per tonne gold, including 20 metres at 0.695 gram per tonne gold. Grab samples of vein material in the pit returned up to 14.1 grams per tonne gold. Despite the past history of mining and high-grade surface mineralization on the property, there is little evidence of modern exploration activity and no known drilling.

A video presentation describing results to date at Tule Canyon is available on Silver Range's website.

Technical information in this news release has been approved by Mike Power, MSc, CPG, president and chief executive officer of Silver Range and a qualified person for the purposes of National Instrument 43-101. Historical information cited in this news release was obtained from Nevada Bureau of Mines and Geology district files and from historical publications. This information cannot be independently verified by Silver Range.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in the southwestern United States. It has assembled a portfolio of 34 properties, 12 of which are currently optioned to others and also retains nine royalty interests on previously vended projects. Silver Range is actively seeking other joint venture partners to explore the precious metals targets in its portfolio.

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