IPT.V · 2024-04-18 12:00:00

IMPACT Silver Intersects 10.22% Zinc over 8.6m Including 30.10% Zinc over 1.1m at the Plomosas Mine

Drill Results

IMPACT Silver Intersects 10.22% Zinc over

8.6m Including 30.10% Zinc over 1.1m at the

Plomosas Mine

Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - IMPACT Silver Corp. (TSXV: IPT)

(OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce further results from

an ongoing drill program at the Tres Amigos Zone at its recently acquired Plomosas zinc (-lead-silver)

mine in northern Mexico.

HIGHLIGHTS

The Tres Amigos drill program continues to confirm the presence of high-grade mineralization in

the area of the Plomosas Mine.

Drill hole TASC-24-28 intersected a wide interval grading 10.22% zinc, 0.50% lead and 8 g/t

silver over 8.6 metres including 14.67% zinc, 0.66% lead and 11 g/t silver over 5.5 metres

and including 30.10% zinc, 0.86% lead and 14 g/t silver over 1.1 metres.

Drill hole TASC-24-29 intersected 10.54% zinc, 5.48% lead and 19 g/t silver over 3.6 metres

including 17.95% zinc, 10.16% lead and 32 g/t silver over 1.85 metres.

Drill hole TASC-24-32 intersected a wide 11.7 metre interval averaging 4.16% zinc, 2.43%

lead and 13 g/t silver including a very high-grade section grading 30.10% zinc, 18.05% lead

and 84 g/t silver over 0.8 metres.

The Tres Amigos Zone remains open for expansion and drilling is continuing.

High priority targets have been identified for drilling elsewhere on the property.

TABLE 1: PLOMOSAS DRILL RESULTS - TRES AMIGOS ZONE

Hole No.

From (metres)

To (metres)

Interval (metres)

Zinc (%)

Lead (%)

Silver (g/t)

TASC_24_027

231.00

235.90

4.90

6.19

2.66

Including

234.80

235.90

1.10

20.90

7.96

TASC_24_028

247.80

256.40

8.60

10.22

0.50

Including

250.90

256.40

5.50

14.67

0.66

Including

252.40

255.00

2.60

23.61

0.79

Including

253.90

255.00

1.10

30.10

0.86

TASC_24_029

247.10

250.70

3.60

10.54

5.48

Including

247.10

248.95

1.85

17.95

10.16

TASC_24_030

279.70

281.20

1.50

7.98

0.05

TASC_24_031

196.00

197.00

1.00

3.09

1.96

TASC_24_032

220.8

232.5

11.70

4.16

2.43

Including

231.70

232.50

0.80

30.10

18.05

TASC_24_033

90.90

92.35

1.45

6.93

0.91

Drilled intervals are interpreted to be approximate true widths. Other holes drilled on the eastern

extension of the Tres Amigos Zone mining area intersected low grades.

CEO STATEMENT

President and CEO Frederick Davidson commented, "It is very encouraging that we continue to drill high

grade intersections in the Tres Amigos Zone at the Plomosas Mine. These intersections are located

close to current mine workings and represent near term high grade mineralization for mining once

operations are fully underway. When the near mine drilling is completed, we will next move the drill to test

high priority targets beyond the immediate mine area."

PLOMOSAS MINE GEOLOGY AND MINERALIZATION

The Plomosas mine, a historic high grade zinc producer in northern Mexico (Figure 1), was recently

acquired by the Company which has undertaken a surface drill program in the Tres Amigos area of the

mine and has conducted an underground sampling program in stopes of the Plomosas mine which were

partially exploited by the previous operator.

Mineralization at the Plomosas mine occurs as zinc-rich

Carbonate Replacement zones along certain horizons of the local sedimentary rock sequence.

Two

main mineralized horizons have provided the bulk of historic production, the Mina Vieja marble and the

Juarez limestone, where structural ground preparation along these two units resulted in concentrations of

zinc, lead and silver (Figure 2).

The Company initiated an exploration drill program on the Juarez limestone in the Tres Amigos area to

test mineralization near workings with known mineralization from historic work.

Mineralization in the

Juarez limestone generally forms pods of high-grade zinc and lead at and near the contact with an

overlying shale, and drill results such as reported here indicate potential for a additional high grade

mineralization in this area providing impetus for further exploration.

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) is a successful producer-explorer with

two mining projects in Mexico.

Royal Mines of Zacualpan Silver-Gold District

: IMPACT owns 100% of the 211 km

Zacualpan

project in central Mexico where three underground silver mines and one open pit mine feed the

central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd

processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral

resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news

release dated January 18, 2016 for details and QP statement). Company engineers are reviewing

Capire for a potential restart of operations. Over the past 18 years, IMPACT has placed multiple

zones into commercial production and produced nearly 13 million ounces of silver, generating

revenues over $260 million, with no long-term debt.

Plomosas Zinc-Lead-Silver District:

IMPACT has begun preliminary mining and processing

operations at its 100% owned Plomosas high-grade zinc mine in northern Mexico. Exploration

upside potential is exceptional where only 600m of the 6 km-long structure have seen modern

exploration. This is in addition to other exploration targets on the 3,019-hectare property including

untested copper-gold targets with indications of high-grade material from surface. Regionally,

Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in

the world.

Quality Control/Quality Assurance

Samples reported in this news release were analyzed by ALS Group, an internationally recognized

analytical services provider.

Samples analyzed by ALS used a multielement ICP package for silver and

base metals.

Assays for base metals >1% used an overlimit ICP method.

For samples with >30% Zn a

wet chemical method is used.

Certified Reference Materials and internal control samples are added to

the sample stream at regular intervals to track accuracy of assays.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P.Eng., VP Exploration and a Director of IMPACT Silver Corp., is a "Qualified

Person" within the meaning of NI 43-101 and has approved the technical information contained in this

news release.

Additional information about IMPACT and its operations can be found on the Company website at

www.IMPACTSilver.com

. Follow us on X (formerly Twitter)

@IMPACT_Silver

and LinkedIn at

https://www.linkedin.com/company/impactsilver

On behalf of IMPACT Silver Corp.

"Frederick W. Davidson"

President & CEO

For more information, please contact:

Jerry Huang

CFO | Investor Relations

O: (604) 681 0172 or

[email protected]

C: (778) 887 6489 Direct

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating

to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and

information currently available to IMPACT management. Forward-looking information is often, but not

always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned",

"expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar

expressions, or describes a "goal", or variation of such words and phrases or state that certain actions,

events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such

statements include, but are not limited to, statements regarding interpretation of drill results, activity at

the projects and estimated timing thereof, the potential for defining and extending the known

mineralization, exploration potential on the properties, and plans for drilling and future operations at the

Company's projects or plans for financing.

Such forward-looking information involves known and unknown risks and assumptions, including with

respect to, without limitation, exploration and development risks, expenditure and financing

requirements, title matters, operating hazards, criminal activity, metal prices, political and economic

factors, competitive factors, general economic conditions, relationships with vendors and strategic

partners, governmental regulation and supervision, seasonality, technological change, industry practices,

pandemics and one-time events. Should any one or more risks or uncertainties materialize or change, or

should any underlying assumptions prove incorrect, actual results and forward-looking statements may

vary materially from those described herein. IMPACT does not assume the obligation to update any

forward-looking statement or beliefs, opinions, projections or other factors, except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related

decisions or otherwise carry out mining and processing operations, is largely based on internal non-

public Company data and reports based on exploration, development and mining work by the

Company's geologists and engineers. The results of this work are evident in the discovery and building

of multiple mines for the Company at Zacualpan and in the track record of mineral production and

financial returns of the Company since 2006. Under NI 43-101, the Company is required to disclose that

it has not based its production decisions on NI 43-101 mineral resources or reserve estimates,

preliminary economic assessments or feasibility studies, and historically such projects have increased

uncertainty and risk of failure.

303-543 Granville Street Telephone

604 664-7707

Vancouver, BC, Canada V6C 1X8

www.impactsilver.com

X (Twitter)

Figure 1: Location map of Plomosas Mine and nearby mines and infrastructure. References to nearby

projects are for information purposes only and there are no assurances that Plomosas will achieve