Mr. Tony Makuch reports

DISCOVERY ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS

Discovery Silver Corp. has released the results of voting at its annual general and special meeting (AGM), held on June 22, 2026.

Among the motions overwhelmingly approved at the AGM was a resolution to change the company's name from Discovery Silver to Discovery Mining Ltd. The new name reflects Discovery's transformation into a growing gold producer, with a production profile that also includes copper, zinc and silver. The company also continues to advance the Cordero silver project in Mexico, one of the world's largest undeveloped silver deposits.

Shareholders also voted overwhelmingly in support of the election of all director nominees as further set out in an attached table.

In addition, other motions passed at the AGM include: (i) appointing PricewaterhouseCoopers LLP, chartered accountants, as the auditor of the company for the ensuing year; (ii) the continuation of the company's corporate existence from British Columbia's Business Corporations Act to Ontario's Business Corporations Act; and (iii) a resolution empowering the company's board of directors to determine the number of directors of the company from time to time, within the minimum and maximum set out in the company's articles, by a resolution of the directors, subject to the limitations set out in Ontario's Business Corporations Act.

Further details on these items can be found in the company's management information circular dated May 13, 2026, and the formal report on voting results with respect to all matters voted upon at the meeting, filed SEDAR+. Details of the vote are set out in an attached table.

About Discovery Silver Corp. (to be renamed Discovery Mining Ltd.)

Discovery is a growing precious metals company that is creating value for stakeholders through exposure to gold, silver and other critical minerals. The company's silver exposure comes primarily from its first asset, the 100-per-cent-owned Cordero project, one of the world's largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua state, Mexico. In April, 2025, Discovery acquired the Porcupine complex, transforming the company into a new Canadian gold producer with multiple operations, attractive growth projects and significant exploration upside in one of the world's most renowned gold camps in and near Timmins, Ont. The acquisition of the Kidd operations in June, 2026, further increased Discovery's land position within the camp, provided valuable infrastructure that will support the company's efforts to more than double annual gold production, and added critical minerals (copper, zinc and silver) to the company's current production profile.