Mithril Gives Exploration Update Including Channel Sample Results up to 4,520 g/t Silver, and 38.2 g/t Gold as Expansion of the District Continues at Copalquin, Mexico

Core Insights - Mithril Silver and Gold Limited is advancing its exploration efforts at the Copalquin property in Durango State, Mexico, highlighting the potential of a large, district-scale epithermal gold-silver system [1][2][3] Exploration Update - The Copalquin property has shown exceptional scale and continuity, with high-grade results from multiple targets across a 9-kilometer area and over 1 kilometer of vertical extent [2][3] - Detailed studies of high-grade intercepts at Refugio West, Zaragoza, and Target 5 validate the presence of a large, vertically extensive epithermal system, supporting the company's exploration model [3][4] - A fully funded exploration program is planned for 2026, which includes 25,000 meters of drilling in the first six months [3] Resource Potential - The Copalquin district contains 100 historic underground gold-silver mines and workings, with a maiden JORC resource already established at Target 1 [4][5] - The district is recognized as a significant gold-silver area within the Sierra Madre Gold-Silver Trend, with ongoing exploration success indicating further resource potential [5][32] High-Grade Results - Recent channel sampling has yielded high-grade results, including: - 0.50 m at 16.8 g/t gold and 625 g/t silver at Target 1 West - 0.60 m at 38.3 g/t gold and 4,520 g/t silver at Target 5 [6][12][17] - The mineralized extent of the Copalquin system is confirmed to be over 1,200 meters vertically, with ongoing work identifying potential feeder zones [6][12] Target Areas - Target 1 is focused on expanding mineralization in the Refugio West area, while Target 5 continues to show promise with additional drilling and sampling [10][11] - Target 3 is drill-ready, with drilling set to commence in early January 2026, including several high-grade historic workings [6][12] Geological Insights - The Copalquin structure remains open down dip and along strike, with significant potential for further discoveries [14][32] - Ongoing petrographic work is confirming the district-scale model for the Copalquin epithermal system, enhancing the understanding of the geological framework [6][12]