Blackrock Files Technical Report ON Silver Cloud Property

Suite 2710 – 200 Granville Street

Vancouver, BC V6C 1S4

BLACKROCK FILES TECHNICAL REPORT ON SILVER CLOUD

PROPERTY

FOR IMMEDIATE RELEASE TSX-V Symbol: BRC

February 7, 2023, - Vancouver, British Columbia. Blackrock Silver Corp. (the “ Company” or

“Blackrock”) is pleased to announce the filing of a technical report titled, “Technical Report on the

Silver Cloud Property, Elko County, Nevada, USA” (the “Technical Report”) with an effective date

of January 27, 2023. The Technical Report was independently completed for the Company by

Nancy J. Wolverson, CPG, Consulting Geologist, of Reno, Nevada, in accordance with National

Instrument 43 -101 – Standards of Disclosure for Mineral P rojects. The Technical Report

supersedes the previous technical report on the Silver Cloud property dated January 25, 2021.

The Technical Report is available under Blackrock’s SEDAR profile at www.sedar.com or on the

Company’s website at https://blackrocksilver.com.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused

exploration company driven to add shareholder value via the drill bit. With 2.97 million tonnes

grading 446 g/t silver equi valent1 at its Tonopah West project, and a new bonanza -grade gold

discovery at Silver Cloud, the Company has a proven track record of exploration success. In

addition to its gold and silver project portfolio, the Company is credited with a lithium discovery, the

Tonopah North project, which is under option to a major lithium exploration group. Anchored by a

seasoned Board, the Company is focused on its 100% controlled Nevada portfolio of properties

consisting of low -sulphidation, epithermal gold and silve r mineralization located along the

established Northern Nevada Rift in north -central Nevada and the Walker Lane trend in western

Nevada.

For further information, please contact:

Andrew Pollard, President & CEO

Blackrock Silver Corp.

Phone: 604 817-6044

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

1 Technical information relating to the Tonopah West project is based on and derived from the NI 43-101 report prepared for Blackrock

entitled “Technical Report and Estimate of Mineral Resources for the Tonopah West Silver-Gold Project, Nye and Esmeralda Counties,

Nevada, USA” effective April 28, 2022 (the “Tonopah West Technical Report”). The Tonopah West Technical Report outlines 2.97

million tonnes at a block diluted grade of 208 grams per tonne (g/t) silver (Ag) and 2.5g/t gold (Au) for a total inferred mineral resource

of 19,902,000 ounces Ag and 238,000 ounces Au, or 446 g/t silver equivalent (AgEq) for 42.6 million oz AgEq. AgEq equivalent grade

is based on silver and gold prices of US$20/ounce and US$1750/ounce, respectively, and recoveries for silver and gold of 87% and

95%, respectively.