Mr. Korbon McCall reports

ICG SILVER & GOLD ANNOUNCES PHASE 1 DRILL PROGRAM TARGETING MULTIPLE SILVER AND GOLD ZONES AT THE TUSCARORA DISTRICT

ICG Silver & Gold Ltd. has released details of its upcoming phase 1 drill program at its 100-per-cent-owned Tuscarora district in Elko county, Nevada.

• Six priority targets identified through the company's recently completed district-scale geological modelling program;
• 3,000-metre phase 1 drill program focused on shallow, oxidized silver and gold targets;
• The drill program is designed to include targets with limited or no modern exploration;
• Drilling will test opportunities to expand the Tuscarora district footprint and evaluate potential connections between mineralized systems.

The drill program will target multiple high-priority silver and gold zones identified through the company's recently completed district-scale geological modelling and database compilation program, see press release dated May 4, 2026.

The initial drill program will consist of 3,000 metres, targeting areas highly prospective for silver and gold. Five of the six priority targets below have not been drilled in the modern era (post-2018). The company is focused on expanding the potential of the Tuscarora district beyond areas of known historical mineralization, namely the southern area of Modoc and South Navajo targets.

Korbon McCall, vice-president of exploration, commented: "Our focus has been to develop a program that balances speed, cost-efficiency and technical rigor. We are excited to get the drill bit turning and start to test our theory that the Tuscarora district is not a series of one-off deposits, but potentially an interconnected mineralized system."

Phase 1 drill program highlights

• The initial drill program will focus on six priority target areas:
  • Battle Mountain (newly staked expansion area);
  • East Pediment;
  • Grand Prize;
  • Kings Vein;
  • Modoc;
  • Silica.
• Designed to test both near-surface oxide mineralization and deeper structural controls;
• Reverse circulation (RC) drilling to provide rapid, cost-effective evaluation of targets and establish collars for potential core follow-up;
• Staged program with flexibility to adapt based on results.

From model to execution

With the completion of its district-scale geological model, the company has transitioned into active drill planning and program execution.

The phase 1 drill program is designed to systematically test targets across multiple zones of the district, prioritizing areas where:

• Historical drilling indicates mineralization but remains open or undertested;
• Integrated data sets highlight structural controls and potential feeder zones at depth.

This approach allows the company to simultaneously evaluate multiple mineralized trends, while advancing its understanding of the broader district-scale system.

Target areas and drill strategy

The phase 1 drill program will focus on a combination of historically productive zones and newly defined targets, each representing a key component of the company's district-scale exploration model:

• East Pediment and Grand Prize:
  • Targeting extensions of known mineralization where historical drill intercepts returned silver values up to 367 grams per tonne and gold up to 52.4 g/t, into underexplored areas with favorable structural and geochemical signatures.
• Kings Vein, Modoc and Silica
  • Focused on historically defined vein systems with evidence of broad mineralization, where historical drill intercepts returned 94.5 metres of 0.38 g/t gold including 4.6 metres of 1.07 g/t gold, and where drilling will test continuity and potential expansion.
• Battle Mountain (newly staked ground)
  • Represents a strategic expansion area identified through recent interpretation work, where historical drilling results, including 29 metres of 1.5 g/t gold and 19.1 metres of 1.9 g/t gold, are present and strong geophysical responses indicate potential for success.

Advancing district-scale potential

The integration of geological, geophysical and geochemical data sets has significantly refined the company's understanding of mineralization controls across the district.

Importantly, several of the targeted zones are now interpreted to be part of a broader, structurally controlled system, with potential linkage to deeper feeder structures.

This evolving model supports:

• Expansion potential both laterally and at depth;
• A pipeline of follow-up targets beyond phase 1;
• A path toward defining a district-scale mineralized system.

The company's exploration strategy is centred on evaluating the project as a broader district-scale mineralized system rather than a series of isolated targets. Recent interpretation work indicates that several target zones may be connected through major structural corridors capable of hosting both shallow epithermal mineralization and deeper feeder-style systems. The potential quantity and grade of any exploration target is conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The basis for identifying these exploration targets includes the integration of historical drilling data, geological mapping, geophysical surveys and geochemical sampling, as described in the company's district-scale geological model.

Disclosure on sampling data

Figures shown include historical data and data collected by the company. Historical sampling programs were conducted by various operators and may not meet current standards as defined under National Instrument 43-101. The company has not verified all historical sampling data and such information should be considered indicative only. All reported drill intercept widths referenced in this news release are down hole lengths; true widths have not been determined. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves, and the company is not treating the historical estimates as current mineral resources or mineral reserves. It is uncertain whether further exploration will result in any of the targets being delineated as a mineral resource. Any future work conducted by the company will incorporate industry-standard QA/QC (quality assurance/quality control) protocols.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Steven L. McMillin, PG, of Rangefront Mining Services, a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and independent consultant to the company.

About ICG Silver & Gold Ltd.

ICG Silver & Gold is a new mineral exploration and development company advancing the Tuscarora district in northern Nevada. The company's strategy is centred on:

• Advancing the Tuscarora district through systematic exploration and technical studies;
• Building a district-scale geological model;
• Progressing the project toward resource definition and future development.

The Tuscarora district is a silver-gold epithermal system located on the Carlin trend, approximately one hour northwest of Elko, Nev. ICG controls 100 per cent of the approximately 10,000-acre land package, which has extensive rock chip sampling, thousands of metres of reverse circulation and core drilling, and tens of kilometres of CSAMT geophysics completed on the property. ICG fundamentally believes in the long-term value of precious metals exploration, especially silver and gold, and is led by a technical and management team with extensive experience in exploration, permitting, capital markets and development of mining projects in the Western United States, including Nevada.

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