Mithril Appoints James Barr as Vice President, Exploration

Core Viewpoint - Mithril Silver and Gold Limited has appointed James Barr as Vice President of Exploration, bringing over 20 years of experience in mineral exploration and mine development, particularly in Mexico's epithermal gold-silver systems [1][2]. Company Leadership - James Barr has a strong background in advancing mineral resources and has held senior leadership roles, including at SilverCrest Metals, where he contributed to the growth of the Las Chispas Mine [2][3]. - His expertise includes driving mineral resource growth, leading exploration teams, and implementing data management protocols, which are crucial for the company's valuation and acquisition success [3][4]. Technical Expertise - Barr is a Registered Professional Geoscientist and holds a Bachelor of Science (Honours) degree from the University of Waterloo, with extensive experience in various mining operations across multiple regions [4]. - His experience includes working on high-grade precious metals projects from discovery through to production, enhancing Mithril's technical leadership as it advances exploration efforts [5]. Strategic Development - Mithril is focused on advancing exploration in the Copalquin Gold-Silver District in Durango, Mexico, which is recognized as a significant epithermal center for gold and silver [5][8]. - The Copalquin mining district covers 70 km² and contains numerous historic gold and silver mines, indicating substantial resource potential [7][8]. Financial Incentives - In connection with Barr's appointment, Mithril will issue 800,000 Stock Options with an exercise price of $1.07 AUD, representing a 193% premium to the closing price of the company's shares on February 27, 2026 [6]. Resource Development - Within 15 months of drilling in the Copalquin District, Mithril delivered a maiden JORC mineral resource estimate, showcasing the high-grade gold and silver resource potential of the area [9].