Mr. Jeff Poloni reports

AMERICORE RESOURCES REFINES TARGETS AT TRINITY SILVER PROJECT FROM HYPERSPECTRAL STUDY

Interpretation of the recent hyperspectral study has identified additional targets for potential expansion of the mineralization at Americore Resources Corp.'s 100-per-cent-owned Trinity silver project in Pershing county, Nevada.

Additionally, the company has contracted SRK Consulting to complete a new National Instrument 43-101 technical report, which will include data from lands not in the company's possession when the Oct. 16, 2025, NI 43-101 technical report was prepared (see company release Nov. 18, 2025).

Hyperspectral study

The company contracted Apollo Mapping Inc., of Denver, Colo., to acquire 30-centimetre Maxar imagery and 3.7-metre SWIR Maxar imagery over the full property. This imagery, also known as WorldView 3 (WV3), is considered to be the gold standard for satellite imagery. World-leading hyperspectral specialist, Dr. Neil Pendock, of Cape Town, South Africa, was contracted to interpret the imagery. The end product is an interpretation of a package of 12 alteration patterns over the property. The package includes opal/chalcedony, calcite, chlorite, alunite, kaolinite, montmorillonite, sericite, buddingtonite, hematite, goethite, jarosite and iron-oxide gossans.

Chris M. Healey, Peo, chief geologist for Americore, commented: "The comprehensive detailed nature of the data obtained will require extensive review to determine the best targets for ongoing and future exploration. However certain preliminary observations can be made at this time. Newly identified areas, especially to the SE of the Trinity pit appear to be prime targets. The area to the SE of the pit appears to coincide with a significant deep anomaly from an historic IP survey."

For his interpretation, Dr. Pendock has developed a series of indices, as follows:

• The Feldspar Hydrolysis and Potassic Index. Approaching a major subvolcanic intrusive core or an intense structural fluid pathway, primary plagioclase is destroyed via base-exchange reactions causing this index to spike. This maps broad, intermediate-to-proximal, alteration envelopes;
• The Core Conduit and Acid Leaching Index. This index narrows the focus onto the inner structural pathways, targeting zones where extreme acid leaching and high-temperature boiling took place. It peaks directly over breccia pipes, fault walls and high-temperature upflow paths where hydrothermal fluids overprinted the original host rhyolite.
• The Empirical Classifier-Weighted Alteration Index. This index incorporates the empirical machine learning results from the historic open pit centre. By taking linear weights derived from the quadratic classifier and normalizing them against the background country rock, the company can project a "pit core" signature across the entire six-kilometre structural corridor. This then serves as a primary target-generation index.

Dr. Pendock concluded that the WorldView-3 spectral analysis, supported by the USGS mineral library and classifier-based target ranking, indicates that the Trinity Silver project is a highly prospective epithermal system with strong potential for blind or weakly exposed sulphide extensions beneath shallow cover.

Further he added that the strongest exploration targets are where structural intersections, leached zones and basement-related calc-silicate responses coincide with the core sulphide and boiling-related signatures. These results suggest that the historic pit is only one expression of a broader mineralizing system, and that the most compelling next-step targets lie along the mapped six km structural corridor, especially where high spectral anomalies overlap northwest-northeast fault intersections and the volcanic basement unconformity.

Drone magnetometer survey interpretation

The interpretation of the previously release drone magnetometer survey (see company release June 2, 2026) will be incorporated into the detailed review of the hyperspectral results to develop comprehensive exploration targeting.

Next steps

The combination of the hyperspectral alteration mapping and the magnetometer interpretation will lead to the identification of high-priority targets for expansion of the mineralized envelope on the property.

Management commentary

"The detailed evaluation of the drone and hyperspectral surveys has provided us with valuable structural and regional geological information allowing us to complete a more comprehensive 3-D model. We believe the Trinity historical resource could be just a small part of a larger epithermal system," said Jeff Poloni, chief executive officer of Americore Resources.

Marketing agreement

The company also announces that it has entered into a digital marketing and investor relations agreement with Danayi Capital Corp., subject to the acceptance of the TSX Venture Exchange, where required.

Under the terms of the agreement, Danayi has been engaged to provide investor relations and digital marketing services designed to increase awareness of the company among investors and the broader investment community. Services will include the dissemination of publicly available information through digital advertising channels, including native advertising, push notification campaigns, search engine marketing and directing prospective investors to a dedicated landing page hosted and managed by Danayi. Danayi may also assist the company in developing and implementing broader digital marketing initiatives.

The agreement has an initial term of one month commencing July 9, 2026. Americore will pay Danayi a fee of $20,000 (U.S.) for the initial one-month term. No stock options or other securities have been granted to Danayi as compensation under the agreement.

Danayi Capital is a British Columbia corporation with offices located in Vancouver, B.C. To the knowledge of the company, Danayi and its principals are arm's length to Americore and currently do not own any securities of the company, nor do they have any right or intent to acquire such securities, except as may be acquired through normal market transactions.

The agreement remains subject to the acceptance of the TSX Venture Exchange, where required.

Financing

The company on July 7, 2026, announced the closing of the first tranche of a private placement raising gross proceeds of $1,007,794.90. The private placement has been concluded and there will be no further tranches.

Qualified person

The technical information contained in this news release has been reviewed and approved by Chris M. Healey, PGeo, chief geologist and director of Americore Resources, a qualified person as defined under National Instrument 43-101.

We seek Safe Harbor.