Mr. Glen Watson reports

MAVERICK GOLD AND SILVER SET TO BEGIN WORK ON THE JERICHO PROPERTY, NEVADA

Contractors have been engaged and an initial work program is set to be initiated on Maverick Gold and Silver Corp.'s Jericho property, located in Lincoln county, Nevada. Fieldwork is set to consist of systematic rock sampling throughout the property, as well as localized detailed mapping. Work is expected to commence in May.

The company recently acquired a large historic data set for the Jericho property from a third party. The data include detailed geologic and structural mapping at a scale of 1:5,000, 70 surface samples, XRD alteration analysis, field notes, and a comprehensive geologic report.

The company is currently incorporating these new data into its growing database for the property. The new, larger database will then be used to further refine the planned work program.

The Jericho property is located approximately 40 kilometres (km) northeast of Pioche and is within the Eastern Calderas mineralized district. Mineralization within the Jericho property is interpreted to represent a low-sulphidation epithermal system as the gold and silver mineralization in the property area consists of structurally controlled quartz veins, breccias and stockwork veins. The mineralization is primarily hosted in andesites that occur about the margins of a collapsed caldera. Host rocks adjacent to the veins and stockwork veins are variably silicified, propylitized and argillized.

The property is host to two subparallel northeast-striking mineralized trends: the west trend, which has been traced for more than four kilometres, is host to the Helen, Tempa and Fluorite Flat zones; and the east trend, which has been traced for approximately two kilometres, is host to the President's, Miramonte and northeast zones.

"We are leveraging our growing database on the property in conjunction with a successful recent field visit by the company's technical team to create a comprehensive phase 1 work program at Jericho," stated Ian Foreman, PGeo, vice-president, exploration, of Maverick Gold and Silver. "The objective of the field program will be to confirm and better understand the distribution of the high-grade gold and silver results from historic sampling, determine the effect of structure on the thickness of the veins, better understand the differences between the west and east trends, and to map several important areas of the property."

Qualified persons

Helgi Sigurgeirson, PGeo, a consultant to the company and a certified independent professional geoscientist who is a qualified person, as such term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information regarding the Jericho property contained in this news release.

About Maverick Gold and Silver Corp.

Maverick Gold and Silver is an exploration-stage company advancing a portfolio of high-potential gold, silver and copper properties. The company has focused on British Columbia and Nevada, mining-friendly jurisdictions that have established infrastructure, predictable permitting and supportive regulatory frameworks.

We seek Safe Harbor.