Mr. Steven Sirbovan reports

ICG SILVER & GOLD ENGAGES MAJOR DRILLING FOR UPCOMING 3,000-METER DRILL PROGRAM AT THE TUSCARORA DISTRICT

ICG Silver & Gold Ltd. has engaged Major Drilling Group International Inc. for the company's coming phase 1 drill program (see May 28, 2026, news release).

Major Drilling is one of the world's leading providers of specialized drilling services to the mining industry, with operations spanning North America, South America, Australia, Asia, Africa and Europe. Established in 1980 and headquartered in Moncton, N.B., Major Drilling supports mineral exploration and mine development projects through a comprehensive range of drilling services and technical expertise.

"We are very pleased to have engaged Major Drilling to conduct our 3,000-metre drill program set to commence later this month," commented president and chief executive officer Steven Sirbovan. "Their significant expertise and deep experience in executing global drill campaigns give us a high degree of confidence in both the quality and efficiency of the work to come. This is an exciting milestone for our team as we advance our understanding of the project's potential alongside a partner of Major Drilling's calibre."

The initial drill program includes 3,000 metres of reverse circulation drilling and is scheduled to commence in June, 2026.

The program will focus on multiple high-priority target areas across the district, including:

• Battle Mountain (newly staked expansion area);
• East Pediment;
• Grand Prize;
• Kings Vein;
• Modoc;
• Silica.

These targets were refined through the company's recently completed district-scale geological modelling and database compilation initiative, which integrated more than 40,000 metres of historical drilling alongside geological, geochemical and geophysical data sets.

Phase 1 drill program

The phase 1 drill program is designed to systematically evaluate several structurally controlled silver-gold targets across the Tuscarora district.

Initial drilling will utilize reverse circulation methods to:

• Rapidly test near-surface mineralization;
• Evaluate extensions of historically mineralized zones;
• Refine mineralized zones and geological interpretation;
• Establish potential collar locations for future core drilling.

The company expects the staged RC-first approach to provide flexibility for rapid target refinement while maintaining cost-efficiency.

District-scale exploration strategy

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 by major structural corridors that host both shallow epithermal mineralization and deeper feeder-style systems.

Qualified person statement

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 an independent consultant to the company.

About ICG Silver & Gold Ltd.

ICG Silver 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; and
• 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 metal 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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