Millennium Silver Receives Final Acceptance of Private Placement, Advances Blm Permitting and Water Infrastructure Plans; Sets Stage FOR 2026 Resource Expansion Drilling at Silver PEAK
MILLENNIUM SILVER CORP.
FOR RELEASE: May 4, 2026 Telephone: (604) 527-8146
CONTACT: Darren Timmer, Director E-mail: [email protected]
MILLENNIUM SILVER RECEIVES FINAL ACCEPTANCE OF PRIVATE PLACEMENT, ADVANCES
BLM PERMITTING AND WATER INFRASTRUCTURE PLANS; SETS STAGE FOR 2026 RESOURCE
EXPANSION DRILLING AT SILVER PEAK
VANCOUVER, BRITISH COLUMBIA, CANADA May 4, 2026 — Millennium Silver Corp. (TSX-V: MSC)
(“Millennium Silver” or the “Company”) is pleased to announce that further to its March 9, 2026 press release, it
has received final acceptance of its oversubscribed private placement (the “Private Placement”). Pursuant to the
Private Placement, the Company issued 192,593,667 units for gross proceeds of $2,888,905. Each unit comprises
one common share and one non-transferable share purchase warrant exercisable at $0.05 for the first three years
and $0.10 thereafter for the remaining two years.
The Company is also pleased to report progress on key permitting and infrastructure initiatives at its Silver Peak
silver-gold project in southwest Nevada. These advancements support the Company’s planned 2026 exploration
drilling program aimed at expanding the existing Inferred Mineral Resource.
Highlights
• Fully Funded: Successful closing of an oversubscribed private placement raising gross proceeds of
$2,888,905.
• BLM Permitting Underway: Working with an independent geologist, the Company has commenced the
application process with the U.S. Bureau of Land Management (BLM) for exploration authorizations
required to support a 2026 core drilling program.
• Water Infrastructure Advancing: Working with a Nevada-based engineering firm, Millennium Silver is
actively soliciting proposals from qualified well drilling contractors for water-supply development and
related field infrastructure.
• Resource Expansion Focus: The 2026 program is designed to expand the existing Inferred Mineral
Resource at the Nivloc Structure, which covers less than 20% of the 2,500-metre mapped strike length.
Millennium Silver has commenced the BLM exploration permit application process in collaboration with an
independent geologist and is working with a Nevada-based engineering firm to advance water supply development
for the 2026 core drilling program.
Robert Drago, President and CEO of Millennium Silver, commented: “Working with our geologist on the BLM
applications and our engineering firm on well drilling proposals, we are building the foundation for a responsible
and effective 2026 drill program designed to expand our known silver-gold resource at Silver Peak.”
About the Silver Peak Project
The Silver Peak project is located in the historic Silver Peak mining district of Esmeralda County, Nevada – one of
the state’s earliest silver-producing camps, with documented production dating to the 1860s. The project benefits
from year-round road access and supportive regional infrastructure.
The project hosts a current Inferred Mineral Resource Estimate of 2,653,000 tonnes grading 96.85 g/t silver and
0.67 g/t gold, containing approximately 8,262,000 oz Ag and 57,000 oz Au (approximately 12.8 Moz silver-
equivalent at an 80:1 Au:Ag ratio), effective March 28, 2019. The estimate is disclosed in the Company's NI 43-
Millennium Silver Corp. Page 2
101 technical report titled "NI 43-101 Technical Report on the Silver Peak Project, Esmeralda County, Nevada,
USA," prepared by Seymour M. Sears, P.Geo. and Joan M. Barry, P.Geo. of Sears, Barry & Associates Limited,
available on SEDAR+.
About Millennium Silver Corp.
Millennium Silver Corp. (TSX -V: MSC) is a Canadian mineral exploration company focused on the discovery,
expansion and development of high- grade silver and gold deposits in Nevada. Its flagship asset is the Silver Peak
project. Common shares trade on the TSX Venture Exchange under the symbol "MSC."
Seymour Sears, P.Geo, a qualified person as defined by Nation Instrument (“NI”) 43- 101, reviewed and approved
the technical information contained in this news release.
For further information, please contact:
Robert Drago
President & Chief Executive Officer
Email: [email protected]
Further information about the Company can be found on SEDAR + (www.sedarplus.ca) or at www.millennium-
silver.ca.
Cautionary Statement on Inferred Mineral Resources
Inferred Mineral Resources are considered too speculative geologically to have economic considerations applied to
them that would enable them to be classified as Mineral Reserves. There is no certainty that all or any part of an
Inferred Mineral Resource will be upgraded to a higher confidence category as a result of continued exploration.
Mineral resources that are not mineral reserves do not have demonstrated economic viability.
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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. This news release may contain forward -looking statements including but
not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. Fo rward-
looking statements address future events and conditions and therefore, involve inherent risks and uncerta inties. Actual results may differ
materially from those currently anticipated in such statements.