Mr. Michael Gross reports

DAY ONE ON THE TSXV: TRUSILVER'S RIG HEADS FOR THE STURGIS TARGET

Trusilver Metals Corp. is mobilizing a diamond drill rig today to its 100-per-cent-owned Sturgis-Walton silver project in Hants county, Nova Scotia, on the same day the company's shares begin trading on the TSX Venture Exchange. Hole ST-2026-01A, the first hole of the 2026/2027 drill program, will test the Sturgis target, a large, dense and electrically conductive body approximately one kilometre (km) south of the historic Walton mine, a past barite producer and silver-rich lead-zinc-copper mine that is not owned by Trusilver. The company's working hypothesis, which this drill program is designed to test, is that the Sturgis target may represent a deeper part of the mineralizing system that formed the Walton mine.

Highlights:

• The rig is moving: Logan Drilling Ltd.'s rig is mobilizing to the project today to drill hole ST-2026-01A, the first hole of Trusilver's 2026/2027 drill program at the Sturgis target.
• The target: The Sturgis target is a gravity anomaly greater than one milligal (mGal) and more than 800 metres (m) long, overlain by conductive zones from audio-magnetotelluric (AMT) surveying, on the same magnetic trend as the Walton mine.
• Silver in the Macumber formation (2023): Trusilver's 2023 hole, ST-23-001, returned 48.8 grams per tonne (g/t) silver and 0.19 per cent copper over 19.0 metres (drilled length; true width unknown) in the Macumber formation, the rock unit that hosted mineralization at the adjacent Walton mine.

"Five years ago, Sturgis was a line on a magnetic map," said Michael Gross, president and chief executive officer of Trusilver. "Since then, we've intersected silver in the Macumber formation, mapped something heavy and conductive at depth, and gone deeper into the old holes than anyone before us. Every step pointed to the same spot. Today, we start trading and the rig is on its way. Now we find out what's down there."

The first hole: ST-2026-01A

One hole, aimed at the heart of the Sturgis target, ST-2026-01A, is the first hole designed specifically to test the target as defined by the company's gravity and AMT surveys. It is collared west of the target and angled east to cut both of the company's interpreted target zones, where the dense gravity anomaly, the AMT conductive zone and the modelled contact of the Macumber formation come together at depth. The hole is planned to a length of approximately 700 metres, reaching a vertical depth of approximately 650 metres below surface. Its location was also informed by preliminary data from 2026 downhole electromagnetic (EM) surveys in holes S70-1Ext and S68-5Ext and a 2026 ground AMT survey. Interpretation of these data is continuing and the AMT model is preliminary and may change.

Why Sturgis is the first target

Gravity finds heavy rock, but it cannot tell barite from sulphide. AMT helps: Barite blocks an electrical current; sulphide carries one. So Trusilver looks for places where both signals line up on the same structure as the Walton mine, where drilling in 1955 found silver-rich massive sulphides beneath the barite open pit (1). Sturgis is where they line up. Whether that means metal-bearing sulphides is a question only the drill can answer.

Previous drilling

In 2023, hole ST-23-001 (557 m) intersected altered, sulphide-bearing Macumber formation in two intervals interpreted as limbs of the same fold: 48.8 g/t silver (Ag) and 0.19 per cent copper (Cu) over 19.0 m (533 to 552 m), including 114 g/t Ag over 2.0 m, and 12.15 g/t Ag over 10.5 m (361.5 to 372 m). Intervals are drilled lengths; true widths are not known. As part of data verification for the technical report, its independent author took a quarter-core check sample of a 0.6-metre sample from 362.4 to 363.0 m in the upper interval that originally assayed 149 g/t Ag; the check sample, analyzed by ALS Canada Ltd., returned 202 g/t Ag. The author attributes the difference to the uneven, coarse-grained distribution of sulphides in the interval and did not consider it a concern with the original analyses. The 2023 program did not include formal field QA/QC (quality assurance/quality control); hole location, orientation and laboratory details are set out in sections 10 to 12 of the technical report.

What is next

Expected news flow over the coming months includes:

• Drilling start: an announcement once ST-2026-01A is under way;
• Geophysics: final interpretation of the 2026 downhole EM and ground AMT surveys.

Sampling and reporting

Core from ST-2026-01A will be logged and sampled at Trusilver's core facility in Dartmouth, N.S., and submitted to an independent, accredited laboratory, with certified reference materials, blanks and duplicates inserted for quality control. Laboratory turnaround is currently four weeks or more. Trusilver intends to release assay results by news release as they are received and reviewed.

About Trusilver Metals Corp.

Trusilver Metals owns 100 per cent of the Sturgis-Walton silver project in Nova Scotia, free of a net smelter return (NSR) royalty, adjacent to the historic Walton mine, where historical sources report mined ore head grades of 350 to 933 g/t Ag.

(1) Overlapping magnetic, gravity and audio-magnetotelluric anomalies define a priority exploration target that, together with historic drilling, downhole geophysics and 3-D modelling, is guiding the company's planned 2026/2027 diamond drilling program to test for mineralization at depth. The initial drilling target has been defined and a drilling permit is in place. In late 2025, Rio Tinto Exploration Canada Inc. staked all open mineral claims in the Minas subbasin, comprising 2,363 claims under 30 exploration licences, thereby surrounding the Sturgis-Walton silver project. Rio Tinto is not affiliated with Trusilver and its activities are not indicative of mineralization on Trusilver's property.

Trusilver's team combines decades of exploration, mine development and capital markets experience, with individuals who hold or have held lead technical and board roles at Iamgold, Noranda-Falconbridge, Glencore, Sherritt International and Sibanye-Stillwater, as well as co-founding Tiger Gold. Team members contributed to the aggregated discovery or acquisition of over 31 million ounces of gold and led completion and initial ramp-up of a $7-billion (U.S.) nickel project. The team brings strong knowledge of the Sturgis-Walton region, Nova Scotia's geology and regulatory environment, and deep expertise in applying modern exploration technologies, including artificial intelligence.

Qualified person

Matt Rees, MSc, PGeo, a qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information in this news release. Mr. Rees is a director of the company and is not independent.

The independent NI 43-101 technical report, titled "Technical Report on the Sturgis-Walton Silver Project, Hants County, Nova Scotia, Canada," effective Oct. 7, 2026, prepared by David Murray, PGeo, of Resourceful Geoscience Solutions, and the company's filing statement dated Oct. 15, 2026, are available under the company's profile on SEDAR+.

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