ICG Silver & Gold Mobilizes Drill Rig for 3,000-Meter Phase 1 Drill Program at the Tuscarora District, Nevada

Toronto, Ontario--(Newsfile Corp. - June 29, 2026) - ICG Silver & Gold Ltd. (CSE: ICG) (FSE: JI0) (OTC Pink: ICGSF) ("ICG" or the "Company"), a precious minerals exploration Company focused on the Tuscarora District in Elko County, Nevada (the "Project" or "District"), is pleased to announce that Major Drilling International Inc. ("Major Drilling") has arrived on site with the Schramm T455 track mounted Reverse Circulation ("RC") drill rig and crew, see Image 1.

Final site preparations are underway over the next several days, marking an important milestone for the Company.

"We are pleased to see the drill rig arrive on site in preparation for our upcoming 3,000-meter Phase 1 Drill Program," stated Steven Sirbovan, President, CEO and Director. "We are on track with our plan to begin drilling in the days ahead and anticipate announcing initial assay results in August."

Image 1 - RC drill at the Tuscarora District lay down site.

To view an enhanced version of this graphic, please visit:
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ICG's Phase 1 Drill Program is designed to evaluate multiple priority targets identified through recent district-scale geological modeling, historical data compilation, and field review. The program is expected to focus on numerous silver-gold targets, including areas that have seen limited modern exploration despite favorable historical results and strong geological potential.

The Company's completed operational planning included access preparation, drill logistics, water sourcing, and site readiness ahead of mobilization. Further updates will be provided as the Company commences drilling.

About ICG Silver & Gold Ltd.

ICG Silver & Gold Ltd. is a new mineral exploration and development company advancing the Tuscarora District in northern Nevada. The Company's strategy is centered on:

• Advancing the Tuscarora District through systematic exploration and technical studies;

• Building a district-scale geological model; and

• Progressing the Project toward resource definition and future development.

The Tuscarora District is a silver-gold epithermal system located within the intersection of the Carlin and Independence Trends, approximately one hour northwest of Elko, Nevada. ICG controls 100% of the approximately 10,000-acre land package, on which extensive rock chip sampling, thousands of meters of reverse circulation and core drilling, and tens of kilometers of CSAMT geophysics have been completed. ICG fundamentally believes in the long-term value of precious metals exploration, especially silver and gold, and is led by a technical and management team with extensive experience in exploration, permitting, capital markets, and development of mining projects in the Western United States, including Nevada.

On Behalf of ICG Silver & Gold Ltd. Board of Directors:

Steven Sirbovan, President, CEO & Director
Corporate Office: 82 Richmond Street East, Toronto, ON, M5C 1P1

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.

Forward-looking Information

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to ICG's exploration plans, including the anticipated Phase 1 Drill Program, its scope, timing, targets and methodology; the potential for shared or overlapped mineralizing episodes; the identification of feeder structures and structural controls on mineralization; the Company's strategy to consolidate and control a district-scale land position; and the potential to expand mineralization laterally and at depth. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including assumptions regarding the availability of financing to fund exploration activities, the receipt of necessary permits and regulatory approvals, the accuracy of the Company's geological interpretations and models, and the reliability of historical data, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, exploration risks and uncertainties, the ability to obtain necessary permits and regulatory approvals, changes in environmental and other applicable legislation, the uncertainty of mineral exploration and development, title risks, reliance on key personnel, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303208

Source: ICG Silver & Gold Ltd.