Mr. Glen Watson reports

MAVERICK GOLD AND SILVER COMPLETES FIRST PHASE WORK PROGRAMS ON ITS NEVADA PROPERTIES

Maverick Gold and Silver Corp. has recently completed its first-phase work programs on its Nevada properties. This work has significantly expanded the company's understanding of each project as the company is advancing each project toward a drill program.

"In a matter of months since acquiring the Jericho and Gator properties, we have had initial field visits, compiled historic data and conducted our first field programs. Our enthusiasm for these two projects has greatly increased as a result," stated Ian Foreman, PGeo, vice-president, exploration, of Maverick Gold and Silver. "Ideally, we intend to be drilling both projects during 2026."

Gator property

The Gator property is located in Pershing and Lander counties, approximately 56 kilometres (35 miles) south-southwest of Battle Mountain.

Work completed at the Gator property consisted of a magnetotelluric, geophysical survey over the Gator South target and detailed geological mapping over the GSX target, which is located immediately to the south of the Gator South target.

The next steps at Gator will be the selection of drill targets and the amendment of the existing drill permit to include the GSX target.

The new mapping over the GSX target has significantly increased the areal extent of the high-level hydrothermal alteration within the calcareous sediments of the Havallah formation. This favourable alteration style has been mapped over an area extending 1,200 metres by 700 metres.

In addition, this mapping has significantly refined the company's understanding of the GSX target and has provided critical conclusions that will be used for its planned drill program as follows:

• The GSX Northeast structure provides primary structural control to the mineral system, with the best alteration and geochemistry located at intersections with secondary north-northeast structures.
• Lithology provides an equally important mineral control: A mappable calcareous sandstone-siltstone subunit hosts strong alteration and mineralization disseminated well away from structural feeders.
• The favourable subunit demonstrates significantly stronger deformation than other Havallah units, suggesting more complex structural preparation prior to mineralization.
• The Northeast structure and north-northeast intersections are the focus of hydrothermal fluid flow, with historic rock chip sampling demonstrating local strong disseminated mineralization, including up to 0.128 gram per tonne gold, 601 parts per million arsenic, 371 ppm antimony and 58 ppm mercury.

At the covered Gator South target, a detailed MT survey was completed to assist in target definition under Triassic-aged volcanic rocks. MT is an excellent form of geophysics for mapping contrasts in subsurface resistivity, which helps to identify potential alteration zones and fluid pathways at depth. This is particularly true for buried targets such as Gator South.

The geophysical survey confirmed the location of key lithologic contacts as well as indicating that two north-northwest structures continue at least 1,100 metres north from the GSX target. These deep-seated structures that feature strong silicification at GSX indicate that the Gator South and GSX targets are potentially part of the same, larger, mineralizing system.

Jericho property

The Jericho property is located approximately 40 kilometres northeast of Pioche and is within the eastern Calderas mineralized district.

Work completed at Jericho consisted of property-wide prospecting and sampling as well as the collection of drone footage.

The Jericho property is host to low-sulphidation epithermal gold and silver mineralization made up of quartz veins, breccias and stockwork zones that occur within two subparallel northeast-striking structural corridors: the West trend and the East trend.

The company was able to confirm that the West trend does continue for at least four kilometres and were able to identify two additional zones: the Upper Flats and the NE Extension zones.

The West trend now includes (from southwest to northeast) the Helen, Tempa, Fluorite Flats, Upper Flats and the NE Extension zones. Over the four-kilometre length of the trend, the difference in elevation from the Helen zone to the NE Extension zone is approximately 1,700 feet, or 520 metres. The surface expression of the mineralization varies from multiple-metre-wide quartz/calcite veins and stockwork at Helen, to two- to 10-metre-wide quartz/adularia vein and associated stockwork zones at Tempa, to stockwork zones at Fluorite Flats and Upper Flats, to low-temperature silica alteration at the NE Extension zone.

The East trend is subparallel to the West trend and has been traced for approximately two kilometres. This structural corridor is host to the President's, Miramonte and Northeast zones.

One hundred seventy chip channel and grab samples were taken throughout the property. The results are pending and will be reported upon receipt from the laboratory and compilation into the company's database. Subject to positive assay results, the next phase of work at Jericho is expected to include drill target definition and the initiation of the permitting process.

The company has not independently verified these historical results.

Qualified person

Kenneth Tullar, CPGeo, a consultant to the company, an independent qualified person, as defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical information contained in this news release.

About Maverick Gold and Silver Corp.

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

We seek Safe Harbor.