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Discovery Announces Annual General Meeting Results

Shareholder Meetings

Discovery Announces Annual General Meeting Results

May 15, 2024, Toronto, Ontario – Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery”

or the “Company”) today announced the results of voting at its Annual General Meeting held today.

Shareholders voted in favour of the election of all director nominees: Murray John (Chair); Tony

Makuch; Jeff Parr; Moira Smith; Daniel Vickerman; Jennifer Wagner; and Barry Olson. Details

of the votes are set out below:

Nominee Votes For % For Votes Withheld % Withheld

Murray John 189,120,043 99.21 1,504,559 0.79

Tony Makuch 187,908,112 98.57 2,716,490 1.43

Jeff Parr 189,170,054 99.24 1,454,548 0.76

Moira Smith 189,201,624 99.25 1,422,978 0.75

Daniel Vickerman 189,170,711 99.24 1,453,891 0.76

Jennifer Wagner 166,845,268 87.53 23,779,334 12.47

Barry Olson 188,802,948 99.04 1,821,654 0.96

Shareholders also voted in favour of (i) appointing PricewaterhouseCoopers LLP, Chartered

Accountants, as auditors of the Company for the ensuing year and; (ii) Amendments of the Restricted

Share Unit Plan and Deferred Share Unit Plan of the Company. Further details on these items can be

found in the Company’s Management Information Circular dated April 5, 2024 and filed on SEDAR+.

Details of the votes are set out below.

Outcome of

Vote

Votes For % For Votes

Withheld

% Withheld

Appointment of Auditors Carried 210,063,916 99.33 1,410,328 0.67

Amendments of

Restricted Share Unit

Plan and Deferred

Share Unit Plan

Carried 179,667,151 94.25 10,957,451 5.75

NEWS RELEASE

About Discovery

Discovery’s flagship project is its 100%-owned Cordero project, one of the world’s largest undeveloped

silver deposits. The Feasibility Study completed in February 2024 demonstrates that Cordero has the

potential to be developed into a large-scale, long-life project with low unit costs and attractive economic

returns that offers the combination of margin, size and scalability. Cordero is located close to

infrastructure in a prolific mining belt in Chihuahua State, Mexico.

On Behalf of the Board of Directors,

Tony Makuch, P.Eng

President, CEO & Director

For further information contact:

Forbes Gemmell, CFA

VP Corporate Development

Phone: 416-613-9410

Email: [email protected]

Website: www.discoverysilver.com

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

for the adequacy or accuracy of this release.

This news release is not for distribution to United States newswire services or for dissemination in the United States.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of an y of the securities in

any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The

securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state

securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation

S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such re gistration

requirements is available.