AGA.V · 2025-10-01 12:00:00

Silver47 Completes Successful Red Mountain Drill Program and Intersects Massive Sulfides in Multiple Holes The Red Mountain Deposit Remains Open to Expansion in Multiple Directions with Assays Pending

Drill Results Exploration Programs

Silver47 Completes Successful Red Mountain

Drill Program and Intersects Massive Sulfides

in Multiple Holes

The Red Mountain Deposit Remains Open to Expansion in

Multiple Directions with Assays Pending

Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Silver47 Exploration Corp. (TSXV:

AGA) (OTCQB: AAGAF) ("

Silver47

" or the "

Company

") is pleased to announce the completion of its

summer 2025 drill program at its wholly-owned Red Mountain Project in south-central Alaska.

Highlights:

Significant Mineralization Intersected:

Completed eight holes at Dry Creek and seven holes at

West Tundra Flats, intersecting massive, semi-massive, and disseminated sulfides in step-out and

infill drilling, with assays pending (see Figure 2-5 of core photos below).

Establishing a Strong Alaskan High-Grade Resource Base:

The 2025 program targeted

untested areas near historical high-grade intercepts to enhance Red Mountain's inferred

168.6

million silver equivalent ounce resource (336 g/t AgEq*)

at Dry Creek and West Tundra Flats.

Red Mountain Deposit Open to Expansion:

Both the Dry Creek and West Tundra Flats zones

remain open to expansion in multiple directions and the Company is completing detailed

geological modelling to guide vectoring towards additional mineralization in 2026.

Multiple Untested Targets:

There are at least

35 mineralized prospects

across the Red

Mountain Project covering a

55 km trend

many of which are

undrilled

or represent

preliminary

drilled discoveries.

High-Value Critical Minerals:

An ongoing metallurgical study is evaluating Red Mountain's

potentially significant concentrations of antimony and gallium, critical for U.S. defense, where

current supply chains are at risk from foreign dominance.

Fully Capitalized:

The Company is fully funded with approximately $27 million in working capital

to deploy towards aggressive growth-oriented drilling on our American silver projects.

Galen McNamara, CEO, stated:

"The 2025 Red Mountain drill program has intersected massive

sulfides in multiple holes. With assays pending, we now look forward to drilling at Mogollon in Q4 of this

year and Hughes in early 2026. Fully funded with $27 million, we're positioned to accelerate resource

growth on our silver and critical mineral projects to deliver value from America's next generation of

strategic mineral assets."

Highlights from Previous Drilling

(

see news releases dated November 21 and 26, 2024 and

February 12, 2025

DC24-104:

15.24 m

grading

546 g/t

AgEq

* plus

290 g/t antimony ("Sb")

and

32 g/t gallium

("Ga")

from 14.3 m depth (AgEq: 106 g/t silver, 0.45 g/t gold, 6.4% zinc, 2.2% lead, and 0.19%

copper)

DC24-105:

22.32 m

grading

601 g/t AgEq

plus

503 g/t Sb

and

g/t Ga

from 18.9 m (AgEq:

150.6 g/t silver, 0.82 g/t gold, 5.9% zinc, 2.6% lead, and 0.13% copper)

WT24-33:

2.90 m

grading

1,079 g/t AgEq

plus

920 g/t Sb

and

15 g/t Ga

from 121.70 m depth

(AgEq: 418 g/t silver, 0.74 g/t gold, 9.1% zinc, 4.7% lead, 0.105% copper)

DC18-77:

4.26 m

grading

2,003 g/t AgEq

plus

4,432 g/t Sb

and

97 g/t Ga

168.8 m depth

(AgEq: 1,435 g/t silver, 2.2 g/t gold, 4.8% zinc, 2.3% lead, 0.5% copper)

*Notes: g/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; Au=gold; Cu=copper; Zn=zinc; Pb=lead;

1ppm=1 g/t. Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu,

US$1,850/oz Au, and US$23/oz Ag and metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80%

Au. Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93]

Figure 1. Plan Map of Red Mountain Project showing over 35 targets highlighting the Dry Creek

and West Tundra Flats target.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_002full.jpg

Figure 2: (

see attached figure

). Mineralized core from drill hole DC25-110 at the Dry Creek

deposit showing disseminated, semi-massive and massive sulfide mineralization featuring

pyrite, chalcopyrite, sphalerite and galena (148.5 to 170.9m downhole). Photo is not intended to

be representative of broader mineralization.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_003full.jpg

Figure 3: (

see attached figure

). Mineralized core from drill hole DC25-112 at the Dry Creek

deposit showing disseminated, semi-massive and massive sulfide mineralization featuring

pyrite, chalcopyrite, sphalerite and galena (228.55 to 245.55m downhole). Photo is not intended

to be representative of broader mineralization.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_004full.jpg

Figure 4: (

see attached figure

). Mineralized core from drill hole DC25-113 at the Dry Creek

deposit showing disseminated, semi-massive and massive sulfide mineralization featuring

pyrite, sphalerite and chalcopyrite (222.9 to 240.05m downhole). Photo is not intended to be

representative of broader mineralization.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_005full.jpg

Figure 5: (

see attached figure

). Mineralized core from drill hole WTF-38 at the West Tundra

Flats Deposit showing disseminated, semi-massive and massive sulfides consisting of pyrite,

sphalerite, galena and chalcopyrite (172.65 to 180.5m downhole). Photo is not intended to be

representative of broader mineralization.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_006full.jpg

Drill Program

The 2025 Red Mountain drill program consisted of fifteen drill holes - eight holes at the Dry Creek target

(Figure 1) and seven holes were completed at the West Tundra Flats target (Figure 1). The Dry Creek

and West Tundra Flat targets together account for an inferred resource of 15.6 Mt at 336 g/t AgEq* for

168.6 million silver equivalent ounces.

Drilling at both targets consisted of a series of infill and step-out holes designed to test areas near

historical high-grade drill intercepts and modelled domains where the structural controls on high-grade

mineralization were not fully resolved. Multiple holes at each target intersected mineralized zones

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