First Andes Silver Announces Grant of Three Exploration Licences IN New South Wales, Australia
FIRST ANDES SILVER ANNOUNCES GRANT OF THREE EXPLORATION LICENCES IN NEW SOUTH WALES,
AUSTRALIA
Vancouver, British Columbia – March 1 8, 2026 – FIRST ANDES SILVER LTD. (TSXV: FAS; OTC Markets:
FASLF; FSE: 9TZ 0) (“First Andes” or the “Company”) today announced the grant of three Exploration
Licences (“EL”) comprising the Carrington Project (“Carrington”), the Stony Creek Project (“Stony Creek”)
and the Dartmoor Project (“ Dartmoor”) (together, the “Silver Projects”) in New South Wales, Australia.
The Silver Projects collectively cover approximately 454 km² of highly prospective ground within the
Lachlan Orogenic Belt, a region hosting numerous historic silver -gold mines and polymetallic mineral
occurrences.
With the formal grant of the ELs, First Andes now holds full exploration rights across the projects and is
finalizing a soil, stream sediment and rock -chip sampling program. The Company expects to provide
additional details on the upcoming exploration program within the next week.
About the Silver Projects
Carrington
Carrington is a 160 km² Exploration Licence (EL 9873) covering an iron -rich skarn system hosting Au -Ag-
Pb-Sb mineralization within the Lachlan Orogenic Belt of southeastern New South Wales. Historic rock -
chip sampling of gossanous material has returned gra des of up to 85 g/t Au, 6,037 g/t Ag, 24.8% Pb and
16.8% Sb (see Sentinel Resources Corp. news release dated October 13, 2020).
Two parallel mineralized structures lie east and west of a sandstone ridge, with the historic Carrington
mine developed on the eastern structure and the Iron Duke prospect on the western structure. The
prospects are hosted by limestone members of the Jerra ra Formation and are spatially associated with
the regionally significant Yarralaw Fault.
Historic mining at Carrington exploited laterally extensive mineralized gossans up to 6 m wide.
Aeromagnetic data define a strong magnetic corridor trending south from the Lockyersleigh Granite
through the Carrington mine and along strike within limestone units of the Jerrara Formation, supporting
the interpretation of an extensive iron-rich skarn system with more than 10 km of prospective strike.
Stony Creek
Stony Creek is a 247 km² Exploration Licence (EL 9870) situated in the Lachlan Orogen ic Belt, covering a
highly prospective corridor of Devonian volcanic rocks. The project hosts at least seven historic silver-gold
mines and prospects, including the Stony Creek prospect and the Krawaree underground silver mine,
which are interpreted as orogenic base -metal to low -sulphidation epithermal vein systems developed
along the west-dipping Gundillion Fault.
The Stony Creek prospect comprises an approximately 85-m-wide alteration zone hosting quartz-sulphide
vein stockworks. Historic rock-chip sampling has returned assays of up to 18.4 g/t Au and 212 g/t Ag, while
historic drilling by Canyon Resources Pty Ltd in 1986 reported an intercept of 5 m grading 3.0 g/t Au.
Gundillions Reef, located approximately 1.4 km northwest of Stony Creek, is defined by a series of shafts,
drives and small open pits that have been worked to depths of around 200 m. Underground workings
have been traced for over 2 km and rock-chip grab samples have returned assays of up to 44 g/t Au and
150 g/t Ag, highlighting the potential for high-grade gold-silver shoots along the Gundillion Fault corridor
(see Sentinel Resources Corp. news release dated October 13, 2020).
Dartmoor
Dartmoor is a 47 km² Exploration Licence (EL 9879) located at the western margin of the Hill End and
Cooma zones in the eastern Lachlan Orogen ic Belt. The tenure includes two historic polymetallic mines,
Dartmoor and Dartmoor East, interpreted to be of VHMS -Kuroko affinity. Mineralization is expressed as
an extensive gossanous horizon that can be traced for over 1.5 km along strike.
Small-scale historic production at Dartmoor reportedly averaged approximately 980 g/t Ag and 12% Cu,
underscoring the high -grade nature of the system (see Sentinel Resources Corp. news release dated
October 13, 2020). First Andes views Dartmoor as a compelling target for the discovery of massive Au-Ag-
base metal sulphide lenses to be explored using a combination of modern EM geophysics, geochemistry
and drilling.
Figure 1: Location map of Silver Projects.
Qualified Person
Colin Smith, P.Geo ., a Qualified Person under National Instrument 43 -101, has reviewed and approved
the technical information contained in this news release. Mr. Smith serves as CEO and Director of First
Andes Silver Ltd, and owns securities of the Company.
Historical Information
The Company has not verified the historical sampling, drilling, or production information referenced
herein and is not relying on such information as a current statement of mineralization.
About First Andes Silver Ltd.
First Andes Silver Ltd. is a discovery-focused resource company advancing the 100% owned Santas Gloria
Project, a high -grade silver asset located 55 km east of Lima, Peru in one of the country’s most prolific
mining districts. The project lies within a well -endowed intermediate-sulphidation epithermal belt and
demonstrates district-scale potential with more than 12 km of mapped vein strike.
Using advanced WorldView -3 spectral analysis and systematic geochemical surveys, the Company has
delineated multiple kilometre -scale silver -in-soil anomalies across a large hydrothermal system that
remained historically undrilled prior to 2024. Following s uccessful 2024–2025 drilling that intersected
strong near-surface silver mineralization in 21 of 26 holes, First Andes is accelerating exploration in 2026
to expand the high-grade footprint at Santas Gloria.
In addition to Santas Gloria, the Company holds a portfolio of prospective silver exploration projects in
New South Wales, Australia.
For more information please contact:
Colin Smith, CEO & Director
Phone: 604 806-0626 (ext. 108)
E-mail: [email protected]
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management’s current
estimates, beliefs, intentions and expectations. They are not gu arantees of future performance. The
Company cautions that all forward-looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many of which are beyond the Company’s
control. Such factors incl ude, among other things: risks and uncertainties relating to Company’s limited
operating history, ability to obtain sufficient financing to carry out its exploration programs and the need
to comply with environmental and governmental regulations. According ly, actual and future events,
conditions and results may differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward -looking information. Except as required under applicable securities
legislation, the Com pany undertakes no obligation to publicly update or revise forward -looking
information.
The forward-looking statements contained in this news release are made as of the date of this news
release. Except as required by law, the Company disclaims any intention and assumes no obligation to
update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.