Mr. Mike Power reports

SILVER RANGE ADVANCES EAST GOLDFIELD IN NEVADA

Silver Range Resources Ltd. has released recent results from exploration programs at its East Goldfield property in Nye county, Nevada.

Ledge sampling

A sampling program to investigate several prospective high-sulphidation feeder structures (ledges) was conducted in three phases with portable gas-powered diamond drills. The objective of the program was to determine the extent and character of near-surface gold mineralization detected in surface chip and grab samples. Shallow (one-metre to 10-metre) holes were drilled with small-diameter IEWS and BTW core drills.

Sample results are summarized below.

Two of the three ledges investigated are clearly auriferous and merit additional investigation. Historical work to date at East Goldfield indicates that significant gold mineralization on the property is likely blind. Ledges carrying anomalous gold at surface appear to be clear indicators of gold at depth. At the Tom Keane mine, a target for exploration has been defined by 18 drill holes as an average depth of 100 metres (Silver Range news release dated April 9, 2025). Surface samples from ledges cutting this target returned from trace to 1.83 grams per tonne gold. The two auriferous ledges tested in this program are between 1,000 and 1,100 metres northwest of the Tom Keane mine target for exploration.

Geologic mapping

Property-scale geologic mapping was completed on the property in May. This delineated a zone of deformation coincident with the strong quartz alunite alteration anomaly on the property. The deformation zone appears to be an asymmetric south-dipping flower structure and likely predates the lithocap formation. The inferred south-dipping root fault may have served as a fluid conduit and might be the source of much of the known gold mineralization on the property, the majority of which is south of the outcropping quartz-alunite anomaly. Residual quartz lithocap was located in outcrop over 900 metres west of the edge of the Tom Keane target, suggesting a large exploration fairway exists south of the outcropping quartz alunite alteration.

Geophysical survey commencing

Big Sky Geophysics of Bozeman, Mont., had been contracted to complete a 60-kilometre three-dimensional induced polarization and resistivity (3-D IP) survey at East Goldfield, covering the full extent of the property. Survey parameters have been set to detect targets to a depth of at least 500 metres with sufficient detail to define drill targets. The survey is under way and is expected to require until the end of August to complete.

Technical information in this news release has been approved by Mike Power, MSc, CPG, president and chief executive officer of Silver Range Resources and a qualified person for the purposes of National Instrument 43-101. Core samples collected and reported by Silver Range herein were shipped under chain of custody to ALS Minerals facilities in Reno, Nev., for sample preparation and analysis. At the laboratory, samples were crushed progressively to less than two millimetres (ALS Code CR-32) and a one-kilogram aliquot was pulverized to 85 per cent passing a 75-millimetre mesh (Code PUL-32). A 50-gram subsample was then fire assayed with an atomic absorption finish (Code Au-AA26). In addition, induced coupled plasma analysis for 36 elements was performed on the samples (Code ME-ICP41).

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in the southwestern United States. It currently has a portfolio of 36 properties, 12 of which are presently under option to third parties. Silver Range 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.

We seek Safe Harbor.