SSV.V · 2026-02-09 12:00:00

Southern Silver Intersects 5.8 metres averaging 781g/t AgEq at Cerro Las Minitas Project in Durango, México

Drill Results

Southern Silver Intersects 5.8 metres

averaging 781g/t AgEq at Cerro Las Minitas

Project in Durango, México

Vancouver, British Columbia--(Newsfile Corp. - February 9, 2026) -

Southern Silver Exploration

Corp.

(TSXV: SSV) (the "Company" or "Southern Silver") reports additional assays from drilling which

continues to outline extensions of mineralization on the recently acquired Puro Corazon claim and

identified further thick intervals of high-grade and strongly silver-enriched polymetallic mineralization.

Highlight assays include:

5.8 metre interval

averaging

173g/t Ag

1.5% Cu,

1.8% Pb

and

17.3% Zn

(781g/t AgEq)

(1)

from drillhole

25CLM-210;

and

10.8 metre interval

averaging

121g/t Ag

, 0.3% Cu,

5.1% Pb

and

3.9% Zn

(348g/t AgEq),

including a

3.1 metre interval

averaging

225g/t Ag

, 0.6% Cu,

9.4% Pb

and

7.1% Zn

(

642g/t

AgEq

)

(1)

from drillhole

25CLM-210

3.0 metre interval

averaging

715g/t Ag

, 0.1g/t Au,

7.5% Pb

and

1.0% Zn

(890g/t AgEq

)

(1)

from drillhole

25CLM-212

(1) see AgEq calculation criteria in notes to Table 1. Intervals are reported as estimated true thickness unless otherwise indicated

The drill results, specifically from holes 25CLM-210 and 25CLM-215 continue to extend mineralization to

depth, below earlier reported results from the Puro Corazon target as well as testing mineralization

toward the southern edge of the claim with drill holes 25CLM-211 to 25CLM-214. Previously released

intercepts from this round of drilling include:

10.5 metres

grading

1,115g/t AgEq

(see News Release dated December 1, 2025) from 25CLM-

203

10.4 metres

grading

743g/t AgEq

(see News Release dated January 6, 2026) from 25CLM-205;

and

15.3 metres

grading

581g/t AgEq

(see News Release dated January 27, 2026) from 25CLM-206

Drilling continues to demonstrate the continuity of the high-grade replacement lens first identified in drill

holes 25CLM-203 and 25CLM-205 and has now extended mineralization to a depth of over 360 metres

below surface in the main skarn target.

Twenty-one core holes out of twenty-two planned holes have been completed to date and a final hole is

in progress.

Analyses from fourteen drill holes have now been reported and further assays, including

those from underground sampling of the historic Puro Corazon workings, are anticipated over the

coming weeks.

Figure 1: Plan view of the drilling on the recently acquired Puro Corazon Claim.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/5344/283120_2dd474ba74f959d9_002full.jpg

Figure 2: Longitudinal Section of the Puro Corazon Target. Note: pierce points reflect

intercepts into the main Skarn zone

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/5344/283120_2dd474ba74f959d9_003full.jpg

Table 1: Select Assay Results from the Cerro Las Minitas project.

Collar Data

Hole #

Dip

Depth

From

Interval

Est. Tr.

Thck.

AgEq

Notes

Deg

(UTMN)

Deg

(m)

(g/t)

(%)

(g/t)

25CLM-210

-54

593

46.6

48.0

1.4

1.1

173

0.2

0.0

2.2

0.7

244

25CLM-210

323.4

337.3

14.0

10.8

121

0.0

0.3

5.1

3.9

348

inc.

323.4

324.1

0.8

0.6

350

0.0

1.1

15.7

15.3

1141

and inc.

330.3

334.3

4.1

3.1

225

0.0

0.6

9.4

7.1

642

25CLM-210

346.1

346.7

0.6

0.5

267

0.0

1.1

13.5

18.6

1100

25CLM-210

355.0

356.1

1.1

0.9

259

0.0

0.3

7.1

6.4

583

25CLM-210

406.6

436.4

29.8

23.0

0.0

0.5

0.7

6.8

301

38% Dilution

inc.

421.2

428.7

7.5

5.8

173

0.0

1.5

1.8

17.3

781

25CLM-210

448.4

451.6

3.3

2.5

116

0.0

0.1

0.5

7.3

328

25CLM-211

-59

405

26.4

27.8

1.4

0.7

0.0

0.1

3.6

5.9

325

25CLM-211

266.4

305.0

38.6

21.0

0.0

0.1

0.4

0.2

Anomalous composite

inc.

275.8

277.1

1.3

0.7

121

0.0

0.5

0.3

0.1

169

and inc.

298.9

299.6

0.7

0.4

358

0.1

0.5

7.6

2.3

603

25CLM-212

-64

498

397.0

401.3

4.3

3.0

715

0.1

0.0

7.5

1.0

890

inc.

397.0

399.0

2.0

1.4

1455

0.2

0.0

14.8

1.0

1773

25CLM-212

411.7

412.8

1.1

0.8

333

0.1

0.0

0.9

0.0

354

25CLM-212

417.0

420.8

3.8

2.7

309

0.0

0.1

1.6

0.3

360

25CLM-213

-60

252

148.9

150.0

1.1

0.7

0.0

0.2

1.5

1.3

141

25CLM-213

182.9

184.2

1.3

0.8

0.0

0.1

1.4

1.3

131

25CLM-214

-45

339

117.6

118.9

1.3

0.9

131

0.0

0.5

4.3

3.9

358

25CLM-214

207.3

211.5

4.2

2.9

0.0

1.0

1.6

25CLM-214

226.7

228.0

1.3

0.9

0.0

0.1

1.2

1.0

25CLM-215

-48

492

326.9

327.4

0.5

0.2

488

0.2

0.6

14.7

17.8

1293

25CLM-215

343.9

352.4

8.5

4.0

0.0

0.2

2.9

2.4

190

57% dilution

inc.

343.9

344.4

0.5

0.2

179

0.0

1.7

5.3

3.1

485

and inc.

351.3

352.4

1.1

0.5

241

0.0

0.3

12.8

12.4

839

25CLM-215

417.3

423.1

5.8

4.8

0.0

0.1

9.6

320

inc.

417.3

419.4

2.1

1.8

0.0

0.1

0.0

17.2

480

25CLM-215

434.0

435.5

1.4

1.2

243

0.0

0.5

0.0

254

Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (>100ppm), copper, lead and zinc (>1%)

overlimits assayed by ore grade ICP analysis,

High silver overlimits (>1500g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. High Pb (>20%) and Zn (>30%) overlimits

assayed by titration. AgEq and ZnEq were calculated using prices of $2,800/oz Au, $32/oz Ag, $4.50/lb Cu, $0.95/lb Pb and $1.25/lb Zn.

AgEq and ZnEq calculations utilized relative metallurgical recoveries of Au 48.6%, Ag 93%, Cu 70%, Pb 87% and Zn 93%.

Composites are calculated using a 80g/t AgEq cut-off in sulphide and 0.5g/t AuEq in the oxide gold zone. Composites have <20% internal

dilution, except where noted; anomalous intercepts are calculated using a 10g/t AgEq cut-off.

Next Steps

The Company is planning to incorporate the results of the Puro Corazon drilling program into the much

larger Cerro Las Minitas project which is expected to significantly enhance the project economics. Final

assays are anticipated to be received by the end of the first quarter of 2026, after which the Company

intends to:

update the Mineral Resource Estimate of the Cerro Las Minitas project; followed by

an update of the Preliminary economic Assessment ("PEA") of the project in accordance with the

provisions of National Instrument 43-101 and

continue to advance baseline data collection and permit readiness review

The Company reports that work on the Cerro Las Minitas project continues advancing numerous upside

opportunities identified subsequent to the July 2024 PEA, while also derisking and advancing the project

with the commencement of baseline data collection, hydrology, geotechnical, archaeological and land

surveys and studies.

As currently modelled, the Cerro Las Minitas project features a large-scale underground mining

operation with robust project economics and high gross revenues in a well located and mining friendly

jurisdiction in southeast Durango, Mexico. For more information on the details of the current economic

assessment of the Cerro Las Minitas project please refer to Southern Silver's news release dated June

10, 2024.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the

discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral

properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-

lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral

deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team

of highly experienced technical, operational and transactional professionals to support our exploration

efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine.

Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas, gold-silver

property. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas

gold-silver vein project where permitting applications for the conduct of a drill program is underway, both

located in southern New Mexico, USA.

Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and

supervised directly the collection of the data from the CLM project that is reported in this disclosure and

is responsible for the presentation of the technical information in this disclosure.

On behalf of the Board of Directors

"Lawrence Page"

Lawrence Page, K.C.

President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at

southernsilverexploration.com

or contact

us at 604.641.2759 or by email at

[email protected]

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 contains forward-looking statements. Forward-looking statements address future

events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ

materially from those currently anticipated in such statements. Forward-looking statements in this

news release include plans to advance and develop the CLM property including updating the Mineral

Resource Estimate followed by an update of the PEA. These statements are based on a number of

assumptions, including, but not limited to, general economic conditions, interest rates, commodity

markets, regulatory and governmental approvals for the Company's projects, and the availability of

financing for the Company's development projects on reasonable terms.

Factors that could cause

actual results to differ materially from those in forward looking statements include the timing and

receipt of government and regulatory approvals, and continued availability of capital and financing

and general economic, market or business conditions.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/283120

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