DSV.TO · 2025-07-31 12:00:00

Discovery Announces Senior Management Appointment

Management Changes

July 31, 2025, Toronto, Ontario – Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery”

or the “Company”) today announced the appointment of Alison White to the position of Chief Financial

Officer (“CFO”). The appointment is effective immediately.

Tony Makuch, Discovery’s CEO, commented: “We are very pleased to welcome Alison to Discovery’s

leadership team. She brings extensive and diverse experience in both finance and operations that will

prove beneficial as we invest to grow and create value for all stakeholders . In particular, Alison’s

experience in CFO roles with SSR and, prior to that, Newmont provided her with significant knowledge

that will be extremely helpful as we pursue the tremendous opportunities that exist to improve and grow

our Porcupine Operations. Together, the Discovery team is driven to re-establish Porcupine as a Tier

1 asset in the global gold mining industry, and Alison will play a key role as we progress towards

achieving that goal.”

Alison White is a highly experienced finance professional who, over her 20-plus year career, has

established a solid track record of success serving in numerous financial and operational roles. Most

recently, Alison served as CFO & Executive Vice President at SSR Mining Inc. (“SSR”), where she

played a key role in designing and advancing SSR’s value creation strategy and led the transformation

of several key functions, including Finance, IT, Treasury, Cyber Security, Enterprise Risk Management

and Business Excellence. Prior to joining SSR, Alison worked in various corporate and regional roles

at Newmont Corporation (“Newmont”), including servin g as the Regional C FO for North America.

Earlier in her career, she gained leadership and financial experience through senior positions across a

variety of industries. Alison has a Master’s and B.S. in finance and accounting from the University of

Colorado, Boulder, and is a licensed Certified Public Accountant.

Andreas L’Abbé, the Company’s former CFO, is transitioning to the role of Senior Vice President,

Finance. In his new role, Andreas will continue to lead initiatives within the Finance division, including

the ongoing integration of the Porcupine assets.

ABOUT DISCOVERY

Discovery is a growing North American-focused precious metals company. The Company has exposure

to silver through its first asset, the 100%-owned Cordero project, one of the world’s largest undeveloped

silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua St ate,

Mexico. On April 15 , 2025, Discovery completed the acquisition of the Porcupine Complex from

Newmont, transforming the Company into a new Canadian gold producer with multiple operations in

one of the world’ s most renowned gold camps in and near Timmins, Ontario . Discovery owns a

dominant land position within the camp, with a large base of Mineral Resources remaining and

substantial growth and exploration upside.

On Behalf of the Board of Directors,

NEWS RELEASE

Tony Makuch, P. Eng

President, CEO & Director

For further information contact:

Mark Utting, CFA

SVP Investor Relations

Phone: 416-806-6298

Website: www.discoverysilver.com