Discovery’s New Name Receives TSX Approval DSV shares to trade under Discovery Mining Ltd. name effective July 3, 2026

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Discovery’s New Name Receives TSX Approval

DSV shares to trade under Discovery Mining Ltd. name effective July 3, 2026

July 1, 2026, Toronto, Ontario - Discovery Mining Ltd. (TSX: DSV, OTCQX: DSVSF) (“Discovery”

or the “Company”) is pleased to announce that effective the market open on Friday, July 3, 2026, the

Company’s common shares (“Common Shares”) will trade on the Toronto Stock Exchange under its

newly approved name “Discovery Mining Ltd.” (the “ Name Change”). The Common Shares will

continue trading under the symbol “DSV”.

The Name Change was approved by shareholders at the Company’s Annual General and Special

Meeting held on June 2 2, 2026. Articles of amendment were subsequently filed, and the Company

received a certificate of amendment giving effect to the continuation of the Company’s existence from

British Columbia’s Business Corporations Act to Ontario’s Business Corporations Act, with the Name

Change effective as of June 29, 2026. As previously announced, the Name Change and continuance

are intended to better reflect the functional jurisdiction and current operations of the Company.

There are no anticipated interruptions to the Company’s trading activities as part of the Name Change.

Certificates and direct registration system (DRS) statements representing common shares of the

Company will not be affected by the Name Change and shareholders will not be required to exchange

their shares or take any other action. Shareholders holding share certificates of the Company can

request replacement certificates from the Company’s transfer agent; however, new certificates are not

required and will not be automatically issued.

ABOUT DISCOVERY

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

exposure to gold, silver and other critical minerals . The Company’s silver exposure comes primarily

from 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 State, Mexico. In

April 2025, Discovery acquired the Porcupine Complex, transforming the Company into a new Canadian

gold producer with multiple operations, attractive growth projects and significant exploration upside in

one of the world’s most renowned gold camps in and near Timmins, Ontario. The acquisition of the Kidd

Operations in June 2026 further increased Discovery’s land position within the camp, provided valuable

infrastructure that will support the Company’s efforts to more than double annual gold production, and

added critical minerals (copper, zinc and silver) to the Company’s current production profile.

NEWS RELEASE

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On Behalf of the Board of Directors,

Tony Makuch, P.Eng.

President, CEO & Chairman

For further information contact:

Mark Utting, CFA

SVP Investor Relations

Phone: 416-806-6298

Email: [email protected]

Website: www.dsvmining.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This press release contains forward- looking statements relating to expected future events, including without

limitation the effective date of the commencement of trading of the Company’s common shares under the name

of Discovery Mining Ltd. Although the forward-looking statements contained in this press release are based upon

what management believes to be reasonable assumptions, investors cannot be assured that actual results will be

consistent with these forward-looking statements, and the differences may be material. Actual results and growth

plans may change and may differ materially from management expectations as projected in such forward-looking

statements for a variety of reasons and the other risks and uncertainties discussed in the materials filed by the

Company with the Canadian securities regulatory authorities and available on SEDAR+ at www.sedarplus.ca.

Due to the potential impact of these factors, Discovery disclaims any intention or obligation to update or revise

any forward- looking statements, whether as a result of new information, future events or otherwise, unless

required by applicable law.