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WAM.V ·

Alaska Silver Appoints Patrick Donnelly as Executive Vice President

Management Changes

Alaska Silver Appoints Patrick Donnelly as Executive Vice

President

TUCSON, AZ / ACCESS Newswire / June 24, 2025 / Alaska Silver Corp. (the "Company" or

"Alaska Silver") (TSXV:WAM)(Frankfurt:M17)(OTC PINK:WAMFF) is pleased to announce the

appointment of Mr. Patrick ("Pat") Donnelly as Executive Vice President.

Mr. Donnelly possesses extensive experience in mineral exploration, capital markets,

corporate development, and investor relations. His career began nearly three decades ago

as a project geologist, exploring for precious and base metals as well as diamonds in

western and northern Canada. Following this, he transitioned to a role as a mining analyst

with a Canadian securities firm. Most recently Mr. Donnelly was the Vice President of

Capital Markets for Tudor Gold Corp.

Mr. Donnelly has considerable experience working in Alaska due to his time as Vice

President of Corporate Communications and Development for Trilogy Metals Inc., where he

played a key role in advancing the Upper Kobuk Mineral Projects in Alaska, USA, alongside

its partners. During his six years at Trilogy Metals, Mr. Donnelly developed a key

understanding of the permitting and political landscape of the state.

Mr. Donnelly also held the position of President at First Mining Gold Corporation for over

three years. At First Mining, where he was also a co-founder, he spearheaded the

company's initial public offering and listing on the Toronto Stock Exchange. Noteworthy

achievements during his tenure at First Mining include the successful negotiation and

completion of eight significant transactions.

Mr. Donnelly holds a Master of Business Administration from the University of Toronto and a

Bachelor of Science in Geological Sciences from the University of British Columbia. Mr.

Donnelly is registered as a Professional Geoscientist with the Engineers and Geoscientists

of British Columbia.

Kit Marrs, President & CEO of Alaska Silver comments: "Adding someone like Pat who has

considerable understanding of the capital markets, mineral exploration and more

importantly, working in Alaska, will add considerable value to Alaska Silver as we advance

the Illinois Creek Project. Having someone who appreciates Alaska and how business is

carried out in the state will be of significant benefit to our shareholders. I look forward to

working closely with Pat as we advance our high-grade Waterpump Creek Carbonate

Replacement Deposit. "

Stock Option Grant

Alaska Silver is also pleased to announce that it has granted a total of 400,000 stock

options (the "Options"), to certain officers of the Company. The Options are each

exercisable to purchase one subordinate voting share of the Company at an exercise price

of $0.73 for a period of 5 years.

About Alaska Silver

Alaska Silver (WAM.V) is pioneering North America's next major silver and critical minerals

district at the Illinois Creek Project, a prolific 8-km mineral corridor hosting two stand-

alone deposits with a new Warm Springs discovery zone in between (See Press Release of

X/Y/2024). The IC project claims cover a 100% owned land package of 73,535 acres (115

square miles or 29,758 hectares), located approximately 38 kilometers by road to the

region's marine highway, the Yukon River.

Anchored by the high-grade silver mineralization of the Waterpump Creek zone, 75 Moz @

980 g/t AgEq (Inferred), open to the north and south and the historic Illinois Creek mine,

525 Koz AuEq - 373 Koz @ 1.3 g/t AuEq (Indicated), 152 Koz @ 1.44 g/t AuEq (Inferred),

Alaska Silver's 100% owned carbonate replacement deposit shows significant exploration

potential across its entire length.

Headquartered in both Alaska and Arizona, Alaska Silver brings together a team with a

proven track record of large-scale mine discoveries.

On behalf of the Company

"Kit Marrs"

Kit Marrs

President & CEO

[email protected]

Phone: 1-520-200-1667

For further information, please contact:

Pat Donnelly, Executive Vice President

[email protected]

Or visit our website at: www.alaskasilver.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies

of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Alaska Silver Corp