Mr. David Lewis reports

KUYA SILVER INTERSECTS NATIVE SILVER VEINING AT CAMPBELL-CRAWFORD AREA, SILVER KINGS PROJECT, ONTARIO

Kuya Silver Corp. has provided an update on a drill core intersection of native silver mineralization at its wholly owned Campbell-Crawford area of the Silver Kings project, located in the Cobalt mining camp in Ontario.

This new discovery is located within a one-kilometre radius of five major mines, with a total historic production of 48.2 million ounces of silver (Crown Reserve, Deerhorn, Drummond, King Edward and Nova Scotia). The area is less than one kilometre north of the North Drummond area and 750 metres southeast of a 1,300-ounce-per-ton-silver intercept from 1981 underground drilling by Silver Century Explorations Ltd. (Benner, 1982).

Highlights:

• Native silver was intersected in the second drill hole at the Campbell-Crawford area and drilling is continuing along trend.
• Mineralization in this vein appears to be primarily native silver, but minor cobalt mineralization is also recognized.
• Silver stringers occur above and below the silver vein, significantly increasing the potential width of mineralization.
• Drill intersection was made 170 metres below the nearest underground workings (1910s exploratory tunnelling) and 230 metres below surface.
• The Campbell-Crawford area, despite being surrounded by historic mines and mineral occurrences, has remained virtually untested since exploration occurred in the early 20th century and the area has never been mined.
• Assay results are pending.

David Lewis, Kuya Silver's exploration director, commented: "Despite more than a century of intensive mining and exploration, the legendary Cobalt mining camp can still generate exciting results. The Campbell-Crawford area was known to host low-grade mineralization on surface and in shallow exploration tunnels, but it had never been tested systematically. Work by Kuya Silver personnel in 2022 identified the area to host favourable structures for mineralization, particularly at depth (specifically at the lower contact of the Nipissing diabase), and two drill holes were planned to test near this contact.

"The first drill hole (23-SK-07) intersected previously known, narrow mineralized veins adjacent to a fault within the diabase, then the lower diabase contact, then four previously unknown narrow mineralized veins at depth. The second hole (23-SK-08), which was stepped back and drilled beneath the first drill hole, intersected the first of the previously known veins immediately below the diabase contact. We were very excited to see the silver mineralization in drill core, confirming our exploration model for the area."

Campbell-Crawford target area

Cobalt-bearing veins (which are known to occur with or grade into silver-bearing veins) were discovered on surface in 1906. Between 1906 and 1930, two small shafts were sunk and 175 metres of exploratory tunnelling (adit and associated drifting) were done on a single level, with the maximum depth of workings at 35 metres below surface. All shafts and adit workings are restricted to rocks of the Nipissing diabase sill. Two diamond drill holes, totalling 560 metres, were drilled in 1930. The historic description of the property is compiled after Sergiades (1968).

Mineralization in the Cobalt mining camp is spatially associated with the margins of a 300-metre-thick, subhorizontal and gently folded sheet of the Nipissing diabase. The historic Campbell-Crawford workings are located near the centre of this sheet; in contrast, this mineralized veining was intersected approximately 10 metres below the contact.

National Instrument 43-101 disclosure

The technical content of this news release has been reviewed and approved by David Lewis, PGeo, exploration director of Kuya Silver and a qualified person as defined by NI 43-101.

About Kuya Silver Corp.

Kuya Silver is a Canadian-based mineral exploration and development company with a focus on acquiring, exploring and advancing precious metals assets in Peru and Canada.

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