AGA.V · 2025-11-24 12:00:00

Silver47 Drills 606 g/t Silver Equivalent* over 9.65 m at the Silver-Rich Red Mountain Project, Alaska High-grade critical mineral system remains wide open

Drill Results

Silver47 Drills 606 g/t Silver Equivalent* over

9.65 m at the Silver-Rich Red Mountain

Project, Alaska

High-grade critical mineral system remains wide open

Vancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - Silver47 Exploration Corp.

(TSXV: AGA) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to report all remaining assay

results from the recently completed drill program at the Company's wholly-owned and flagship Red

Mountain Project in Alaska, USA.

Key Highlights

Bonanza intercept at Dry Creek:

606 g/t silver equivalent* over 9.65 m

(124 g/t Ag, 1.82 g/t Au, 4.99% Zn, 2.00% Pb and

0.12% Cu), including

4,731

g/t silver equivalent* over 0.4 m

(558 g/t Ag, 30.10 g/t Au,

22.40% Zn, 8.99% Pb and 0.52% Cu) in

DC25-113.

Strong new high-grade intercept in 150 m step-out at West Tundra Flats:

826 g/t silver equivalent over 1.9 m

(195 g/t Ag, 0.27 g/t Au, 10.23% Zn, 3.53% Pb and

0.08% Cu), including

1,867 g/t silver equivalent over 0.5 m

(560 g/t Ag, 0.38 g/t Au,

20.30% Zn, 9.30% Pb and 0.16% Cu) in

WTF25-41.

Thick, Multi-Stacked System Confirmed:

Hole DC25-113 intersected multiple massive

sulphide horizons over 55 m of core length - clear indication of a robust VMS system.

Resource Growth Continues:

The 2025 summer program targeted untested areas near

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

168.6 million

silver equivalent

ounce resource

(15.6 Mt at 336 g/t silver equivalent*)

at Dry Creek and West Tundra Flats.

Deposits Remain Open:

Both Dry Creek and West Tundra Flats are open along strike and

down-dip - systematic expansion drilling planned for 2026.

District-Scale Upside Intact:

Only 2 of at least 35 known silver-rich massive sulphide

occurrences across a 35-mile trend have seen meaningful drilling - the vast majority of the property

remains essentially unexplored.

*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]

Galen McNamara, CEO, stated:

"Today's results confirm Red Mountain is delivering exactly what we

promised: exceptional high-grade silver-zinc mineralization in a district that remains virtually unexplored.

With only two of at least 35 known massive sulphide occurrences significantly drilled to date, and an

existing 168.6 Moz AgEq inferred resource, the upside here is significant. We believe these hits are just

the start. We are fully funded and ready to expand this towards a tier-one silver-zinc system starting in

June of 2026. In the meantime, we plan aggressive drilling at our projects in Nevada and New Mexico

and look forward to sharing more information as plans are finalized."

Figure 1: Dry Creek Drill Hole Locations.

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

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Gary R. Thompson, Executive Chairman, stated: "Red Mountain continues to deliver exceptional results.

In addition to the high silver and zinc

assay

values here, hole 113 has returned one of highest gold

intercepts to date of 30 g/t

just shy of one troy ounce per tonne. This supports our original thesis, which

was that the Red Mountain Project is a precious metal enriched VMS system."

Figure 2: West Tundra Drill Hole Locations

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

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Figure 3: Dry Creek Long Section

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Figure 4: West Tundra Long Section

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

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The Red Mountain Drill Program

The 2025 drill program at the Red Mountain Project, 60 miles south of Fairbanks, Alaska, 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. The Dry Creek and West Tundra Flat targets together account for an inferred

resource of 15.6 Mt at 336 g/t silver equivalent* 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.

Dry Creek Drilling:

Holes DC25-110, DC25-111, DC25-112, DC25-113 and DC25-114 were collared on the northeast

extent of the Dry Creek deposit and tested the down-dip extent of VMS mineralization below and offset

from holes DC24-106 (2,939 g/t silver equivalent* (249.5 g/t Ag, 14.95 g/t Au, 21.97% Zn, 7.03% Pb and

0.42% Cu) over 2.48 m and 2,235 g/t silver equivalent* (225 g/t Ag, 8.08 g/t Au, 21.2% Zn, 6.68% Pb

and 0.42% Cu) over 0.91 m, see November 18th, 2024 News Release) and previously reported DC25-

108 (654 g/t silver equivalent (79 g/t Ag, 0.40 g/t Au, 8.3% Zn, 4.2% Pb and 0.12% Cu) over 1.3 m, see

October 5

, 2025 News Release).

The high-grade interval in DC25-113 at 233.25 m downhole (606 g/t silver equivalent* over 9.65 m (124

g/t Ag, 1.82 g/t Au, 4.99% Zn, 2.00% Pb and 0.12% Cu), including 4,731 g/t silver equivalent* over 0.4 m

(558 g/t Ag, 30.10 g/t Au, 22.40% Zn, 8.99% Pb and 0.52% Cu), Table 1 and Figure 3) is approximately

130 m offset (downdip and along strike to the northeast) from the high-grade zone in DC24-106 and

approximately 55 m down-dip from the strong intercept in DC25-111 (216 g/t silver equivalent* (28 g/t

Ag, 0.32 g/t Au, 2.26% Zn, 0.75% Pb and 0.22% Cu) over 12.5 m, including 281 g/t silver equivalent* (58

g/t Ag, 0.40 g/t Au, 2.65% Zn, 1.37% Pb and 0.14% Cu), over 2.60 m Table 1 and Figure 3) and

demonstrates a strong down-dip extension potential along the VMS horizon in this section of the Dry

Creek Deposit. Further drilling is warranted to fully test the down-dip potential in the northeastern part of

the Dry Creek deposit.

All holes intersected numerous horizons of semi-massive with locally massive sulfides (e.g., sphalerite,

galena and chalcopyrite) within pyritic metavolcanics and metasediments of the Totatlanika Schist. This

prospective unit is traced for ~4,500 m along the Dry Creek Deposit where it dips steeply to the north

and hosts multiple VMS horizons that locally pinch and swell along strike. Holes are primarily drilled to

the south to intersect the lenses at close to true-widths.

West Tundra Flat Drilling:

Holes WT25-39, WT25-40 and WT25-41 were collared as 150-175 m offsets from previously drilled

holes in the West Tundra Flat Deposit (e.g., 1,079 g/t silver equivalent* (417.4 g/t Ag, 0.74 g/t Au, 9.1%

Zn, 4.7% Pb and 0.1% Cu) over 2.9 m in WT24-33, see November 21

, 2024 News Release, and 640

g/t silver equivalent* (136 g/t Ag, 0.56 g/t Au, 7.06% Zn, 1.99% Pb and 0.16% Cu) over 6.9 m, including

1,341 g/t silver equivalent (305 g/t Ag, 1.23 g/t Au, 15.61% Zn, 4.45% Pb and 0.35% Cu) over 3.05 m in

WT25-38, see October 5

, 2025 News Release). The high-grade VMS-related mineralization

intersected in hole WT25-41, near southeastern extent of the West Tundra Flat deposit (Figures 2 and

4), represents a 160 m step out from previously drilled holes (e.g., 736 g/t silver equivalent* (249 g/t Ag,

0.69 g/t Au, 6.16% Zn, 3.43% Pb and 0.12% Cu) over 3.0 m in WT25-37, see October 5

, 2025 News

Release). The mineralization intersected in WT25-41 demonstrates potential to contribute additional

inferred tonnes to the resource block model to the southeast.

All newly reported drill holes at West Tundra Flat intersected semi-massive to massive sulfide at the

targeted horizon (e.g. sphalerite, galena and chalcopyrite) at the contact between metavolcanics and

metasediments of the Totatlanika Schist. The prospective contact is traced for ~800 m along the West

Tundra Flat Deposit where it dips moderately to the south.

Next Steps

Based on results from the 2025 drill program at the Dry Creek and West Tundra Flat deposits multiple

mineralized lenses and domains at both deposits remain open along strike and down-dip. Mineralization

intersected in many 2025 drill holes are outside of the current mineral resource model estimated in

2024

and suggest potential to contribute additional inferred tonnes to the block model. Geological

modelling is ongoing and planning is now underway for a significant drill program in 2026.

Table 1. Assay Results

Drill Hole

From (m)

To (m)

Length (m)

Ag (g/t)

Au (g/t)

Zn (%)

Pb (%)

Cu (%)

AgEq* (g/t)

ZnEq* (%)

DC25-110

154.00

158.05

4.05

0.04

0.08

0.02

1.52

193

4.04

and

162.10

164.55

2.45

0.13

0.19

0.04

0.78

120

2.51

and

167.00

171.65

4.65

0.65

3.00

0.24

0.61

296

6.18

DC25-111

174.40

175.40

1.00

0.02

0.99

0.20

0.38

103

2.14

and

185.40

197.90

12.50

0.32

2.26

0.75

0.22

216

4.51

including

187.35

188.70

1.35

0.45

4.03

0.12

0.68

329

6.89

including

191.25

193.80

2.55

0.23

3.58

1.50

0.06

289

6.04

including

195.30

197.90

2.60

0.40

2.65

1.37

0.14

281

5.87

DC25-112

275.60

281.05

5.45

0.03

1.44

0.83

0.05

105

2.19

and

290.80

297.35

6.55

0.15

1.28

0.49

0.02

118

2.46

DC25-113

182.60

185.70

3.10

0.04

4.31

1.63

0.10

308

6.44

and

201.70

204.30

2.60

195

1.82

5.82

2.53

0.11

730

15.26

and

214.00

215.00

1.00

0.03

0.08

0.02

1.88

236

4.94

and

225.00

225.80

0.80

0.03

0.07

0.01

2.22

275

5.75

and

228.95

238.60

9.65

124

1.82

4.99

2.00

0.12

606

12.66

including

233.25

236.20

2.95

325

5.22

9.74

4.54

0.21

1434

29.98

including

233.25

233.65

0.40

558

30.10

22.40

8.99

0.52

4731

98.96

DC25-114

222.90

223.50

0.60

0.03

2.50

1.37

0.07

178

3.71

and

248.05

248.75

0.70

0.01

2.99

0.97

0.02

187

3.91

and

260.60

260.95

0.35

0.05

0.03

0.01

6.28

765

16.01

and

271.35

275.85

4.50

0.10

0.75

0.24

0.01

1.53

and

290.20

290.85

0.65

133

0.57

2.18

0.80

0.02

316

6.61

WT25-39

197.20

203.20

6.00

0.07

1.97

0.52

0.02

130

2.71

and

200.20

203.20

3.00

0.09

2.25

0.63

0.02

155

3.23

WT25-40

199.10

202.40

3.30

0.03

0.12

0.04

0.01

0.29

and

211.15

217.50

6.35

0.03

0.36

0.11

0.02

0.64

WT25-41

176.40

178.30

1.90

195

0.27

10.23

3.53

0.08

826

17.27

including

177.10

177.60

0.50

560

0.38

20.30

9.30

0.16

1867

39.04

*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]

Table 2. Collar information

Target Area

Drill Hole

Easting

Northing

Elevation

Azimuth

Dip

Final Depth (m)

Dry Creek

DC25-110

481037

7088617

1252

181

-46

198.1

Dry Creek

DC25-111

481037

7088618

1252

165

-65

213.4

Dry Creek

DC25-112

481042

7088713

1192

180

-69

341.4

Dry Creek

DC25-113

481042

7088713

1192

167

-59

280.4

Dry Creek

DC25-114

481042

7088713

1192

191

-63

317.0

West Tundra Flats

WT25-39

483871

7090818

971

276

-50

268.2

West Tundra Flats

WT25-40

483872

7090818

971

216

-60

292.6

West Tundra Flats

WT25-41

484258

7090699

951

250

-59

231.7

WGS84 6N

Qualified Person

The technical content of this news release has been reviewed and approved by Galen McNamara, P.

Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.

Quality Assurance and Quality Control

Drill core was sawn in half at Silver47's core logging and processing facilities at the Red Mountain, near

Fairbanks Alaska. Core samples were typically taken at 1.0 m intervals in mineralized zones, and 3.0 m

intervals outside of mineralized zones. Sample lengths were adjusted as necessary so as not to cross

lithologic and mineralogic boundaries. QAQC check samples were inserted into the sample stream with

one blank, one duplicate (coarse), and one certified reference material (CRM) occurring within every 20

samples. Drill core was cut in half, bagged, sealed and delivered directly to ALS Minerals Fairbanks,

Alaska for transport to the ALS Minerals Laboratories labs in North Vancouver, British Columbia. ALS

Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory

procedures. Core samples were analyzed at ALS Laboratory facilities in North Vancouver using four-

acid digestion with an ICP-MS finish (ME-MS61). Gold analysis was by fire assay with atomic

absorption finish (Au-ICP21). Over-limits for silver, zinc, copper, and lead were analyzed using Ore

Grade four-acid digestion (MEOG-62). The standards, certified reference materials, were acquired from

CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected

mineralization.

References

Raffle, K., Livingston, C., Proenza, Y and Black, W., (2024), 43-101 Technical Report on the Red Mountain VMS Property Bonnifield Mining

District, Alaska, USA, Report prepared for Silver47 Exploration by Apex Geoscience, Effective date of January 12, 2024,

sedar.ca

About Silver47 Exploration

Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing

silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver

developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333

g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is

anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource

estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other

filings available on SEDAR at

www.sedarplus.ca

. The Company trades on the TSXV under the ticker

symbol AGA and OTCQB under the ticker symbol AAGAF.

For more information about the Company, please visit

www.silver47.ca

and see the Technical Report

filed on SEDAR+ (

www.sedarplus.ca

) and titled "Technical Report on the Red Mountain VMS Property

Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX

Geoscience Ltd."

@Silver47co

LinkedIn:

Silver47

On Behalf of the Board of Directors

Mr. Galen McNamara

CEO & Director

For investor relations

Giordy Belfiore

604-288-8004

[email protected]

No securities regulatory authority has either approved or disapproved of the contents of this release.

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.

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of applicable Canadian

securities laws. All statements, other than statements of historical fact, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects",

"anticipates", "believes", "plans", "intends", "estimates", "potential", "target", "strategy", "forecast",

"budget", "goals", "objectives", "may", "will", "should", "could", or similar expressions, or variations

(including negative variations) of such words and phrases, or statements that certain events,

conditions or results "may", "will", "could", "would" or "should" occur or be achieved.

Forward-looking statements in this release include, but are not limited to, statements regarding: the

interpretation of exploration results; the potential for extensions or expansions of known mineralized

zones; the potential for the discovery of new mineralized areas; the completion, timing and results of

future exploration work, drilling programs, sampling, mapping, or geophysical surveys; the estimation

or realization of mineral resources or mineral reserves; the timing of technical reports or feasibility

studies; the Company's expectations regarding metal prices, exchange rates, and market conditions;

and other statements that are not historical facts.

Forward-looking statements are based on the opinions, estimates and assumptions of management

as of the date such statements are made, including, but not limited to: that the Company's exploration

and development activities will proceed as expected; that financing will be available if and when

required on reasonable terms; that general business and economic conditions will not change in a

materially adverse manner; that all necessary governmental, regulatory and third-party approvals will

be obtained on favourable terms and in a timely manner; and that the Company will be able to

continue to access qualified personnel, contractors, equipment and supplies.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that

may cause actual results, performance or achievements of the Company to differ materially from

those expressed or implied by such forward-looking statements. These factors include, among others:

risks related to exploration, development and mining operations; the speculative nature of mineral

exploration; uncertainty of resource estimates; capital and operating cost estimates; fluctuations in

commodity prices and exchange rates; availability of financing; reliance on key personnel; title,

permitting, environmental and regulatory risks; political and social risks in jurisdictions of operation;

and the additional risks and uncertainties identified in the Company's continuous disclosure filings

available under its profile on SEDAR+ at

www.sedarplus.ca

Although the Company has attempted to identify important factors that could cause actual results to

differ materially from those contained in forward-looking statements, there may be other factors that

cause results not to be as anticipated, estimated or intended. There can be no assurance that such

statements will prove to be accurate, as actual results and future events could differ materially from

those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-

looking statements.

Forward-looking statements contained in this news release are made as of the date of this release,

and the Company does not undertake any obligation to update or revise any forward-looking

statements contained herein, except as required by applicable securities laws.

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