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Discovery Appoints Lee Hodgkinson to the Board of Directors

Management Changes

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Discovery Appoints Lee Hodgkinson to the Board of Directors

February 20, 2026, Toronto, Ontario – Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF)

(“Discovery” or the “Company”) is pleased to announce that , effective immediately, Lee Hodgkinson

has joined the Board of Directors.

Mr. Hodgkinson, CPA, CA, FCPA, FCA has over 25 years of experience as a Partner in public

accounting and auditing, specializing in the mining industry. He has served as the National Industry

Leader of KPMG LLP’s (“ KPMG”) Canadian Mining Practice for over 20 years and as the Director of

KPMG’s Global Mining group for over a decade. Mr. Hodgkinson has a strong background in financial

reporting as well international auditing standards. He has served as the principal audit engagement

partner for several of Cana da’s leading mining compan ies, has extensive boardroom experience and

has completed his ICD.D. from the University of Toronto Rotman School of Business.

“I am honored to be appointed as a Board member of Discovery”, said Mr. Hodgkinson. “I look forward

to working closing with the other directors and the leadership team as Discovery continues to execute

its near and long term growth strategies.”

Tony Makuch, Discovery’s President and CEO, commented: “On behalf of Discovery, I am pleased to

welcome Lee to the Board of Directors . Lee is a highly respected Canadian finance leader with

extensive experience in mining, global finance and governance. His leadership roles as National

Industry Leader of Canadian Mining Practice and Director of the Global Mining Group at KPMG reflect

his deep commitment to the development of industry standards and global best practices. We look

forward to working with Lee as Discovery continues to improve our operations, advance our growth

plans and create value for all of our stakeholders.”

ABOUT DISCOVERY

Discovery is a growing precious metals company that is creating value for stakeholders through

exposure to both gold and silver. The Company’s silver exposure comes from its first asset, the 100%-

owned Cordero project, one of the world’s largest undevelope d silver deposits, which is located close

to infrastructure in a prolific mining belt in Chihuahua State, Mexico. On April 15, 2025, Discovery

completed the acquisition of the Porcupine Complex, transforming the Company into a new Canadian

gold producer wi th 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.

NEWS RELEASE

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On Behalf of the Board of Directors,

Tony Makuch, P. Eng

President, CEO & Director

For further information contact:

Mark Utting, CFA

SVP Investor Relations

Phone: 416-806-6298

Email: [email protected]

Website: www.discoverysilver.com