Deacon Blue. SILVERSQUEEZE SILVER MINERS

"You don't really get too many opportunities like this..." – CEO $AGA.V $AAGAF With $54 million in the bank and three high-grade U.S.-based silver projects, we're drilling 7,000m RIGHT NOW in Tonopah’s historic district. "We're looking for the main structure" 🎙️ @jessebday

Happy 4/7 to those who celebrate. April 7 is our day. 47 is the atomic number for silver. Silver47 is our name. We have 246 million silver equivalent ounces in three US jurisdictions.¹ Drilling now in Nevada and drilling soon in Alaska. $AGA.V $AAGAF #silver ¹ For important notes on mineral resource estimates, please refer to Table 1 "Combined Silver Mineral Resource Summary" → silver47.ca/silver47-and-sum… ¹ Notes to Silver47 Mineral Resources: 1. The 2024 Red Mountain mineral resource estimate (“MRE”) was estimated and classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines” dated November 29, 2019, and the CIM “Definition Standards for Mineral Resources and Mineral Reserves” dated May 10, 2014. 2. Mr. Warren Black, M.Sc., P.Geo. of APEX Geoscience Ltd., a “qualified person” (“QP”) as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), is responsible for completing the MRE, effective January 12, 2024. 3. Mineral resources that are not mineral reserves have no demonstrated economic viability. No mineral reserves have been calculated for Red Mountain. There is no guarantee that any part of the mineral resources discussed herein will be converted to a mineral reserve in the future. 4. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, market, or other relevant factors. 5. The quantity and grade of reported inferred mineral resources is uncertain, and there has not been sufficient work to define the inferred mineral resource as an indicated or measured mineral resource. 6. All figures are rounded to reflect the relative accuracy of the estimates. Totals may not sum due to rounding. Reported grades are undiluted. 7. A standard density of 2.94 g/cm³ is assumed for mineralized material and waste rock. Overburden density is set at 1.8 g/cm³. For mineralized material blocks with iron assays close enough to estimate an iron value for the block, density is calculated using the formula: density (g/cm³) = 0.0553 * Fe (%) + 2.5426. 8. Metal prices are US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag. 9. Recoveries are 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au. 10. ZnEQ (%) = [Zn (%) x 1] + [Pb (%) x 0.6364] + [Cu (%) x 2.4889] + [Ag (ppm) x 0.0209] + [Au (ppm) x 1.923] 11. AgEQ (ppm) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (ppm) x 1] + [Au (ppm) x 91.93] 12. Open-pit resource economic assumptions are US$3/tonne for mining mineralized and waste material, US$19/tonne for processing, and 48° pit slopes. 13. Underground resource economic assumptions are US$50/tonne for mining mineralized and waste material and US$19/tonne for processing. 14. Open-pit resources comprise blocks constrained by the pit shell resulting from the pseudoflow optimization using the open-pit economic assumptions. 15. Underground resources comprise blocks below the open-pit shell that form minable shapes. They must be contained in domains of a minimum width of 1.5 m at Dry Creek or 3 m height at West Tundra Flats. Resources not meeting these size criteria are included if, once diluted to the required size, maintain a grade above the cutoff. Notes to Summa Mineral Resources: 1. Silver Equivalent (AgEq) cut-off grade for the Hughes Project in situ Mineral Resources is based on a silver price of $25/oz, recovery of 90% Ag, and cost assumptions including: USD$88.2/t average mining cost for approximately 70% longhole stoping and 30% cut and fill mining, USD$36.3/t processing cost, USD$9.7/t G&A cost, USD$0.20/oz Ag refining cost for a total mining, processing and G&A cost of USD$134.2/tonne. A 3% royalty has also been applied to the cut-off grade determination. 2. Silver Equivalent (AgEq) cut-off grade for the Hughes Project tailings Mineral Resources is contained within an optimized pit and based on a silver price of $25/oz, recovery of 90% Ag, and cost assumptions including: USD$2.25/t mining cost, USD$21.0/t processing cost, USD$9/t G&A cost, USD$0.50/oz Ag refining cost for a total mining, processing and G&A cost of USD$33.34/tonne. A 3% royalty has also been applied to the cut-off grade determination. 3. Silver Equivalent (AgEq) cut-off grade for the Mogollon Project Mineral Resources is based on a silver price of $25/oz, recovery of 97% Ag, and cost assumptions including: USD$83/t mining cost for longhole stoping, USD$36.3/t processing cost, USD$9.7/t G&A cost, USD$0.20/oz Ag refining cost for a total mining, processing and G&A cost of USD$129/tonne A 3% royalty has also been applied to the cut-off grade determination. 4. AgEq is based on silver and gold prices of $25/oz and $2100/oz respectively, and recoveries for silver and gold of 90% and 97%, respectively for the Hughes Project, and 97% and 97%, respectively, for the Mogollon Project. AgEq Factor= (Ag Price / Au Price) x (Ag Rec / Au Rec); g AgEq/t = g Ag/t + (g Au/t / AgEq Factor). 5. Rounding as required by reporting guidelines may result in apparent discrepancies between tonnes, grade, and contained metal content. 6. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources estimated will be converted into mineral reserves. The quantity and grade of reported Inferred mineral resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred mineral resources as Indicated mineral resources. It is uncertain if further exploration will result in upgrading them to the Indicated mineral resources category. 7. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. 8. There are no known environmental, permitting, legal, or other factors which could materially affect the MREs.

"This year it's really about aggressively expanding our deposits through the drill bit....Our goal is to aggressively add ounces." – CEO Galen McNamara $AGA.V $AAGAF • Hughes in Nevada • Mogollon in New Mexico • Red Mountain in Alaska We'll drill all three this year.

We are now drilling one of the best remaining U.S. vein fields (Mogollon), yet we still trade at a major value gap: inferred + indicated at ~$0.41/oz vs. peers at $3+/oz. With $55M in cash, we are well positioned for upside $AGA.V $AAGAF @BasementRon

Massive physical demand for silver is reshaping the market — but WHERE will U.S. domestic supply come from when refining is Asia-centric? 🇺🇸 With 3 U.S. projects, resource updates and a PEA down the road, $AGA.V $AAGAF stands out among VERY FEW silver explorers with a U.S. focus

After our first full year as a public company – $AGA.V $AAGAF gained its TSX-V listing Nov 14 2024 – we held our first AGM earlier this week. ✅ All directors re-elected + resolutions passed. We are better capitalized than ever and have a plan to advance our bold vision. Onward!