Mr. Steven Sirbovan reports

ICG SILVER & GOLD REPORTS Q1 2026 FINANCIAL RESULTS

ICG Silver & Gold Ltd. has filed its unaudited condensed consolidated interim financial statements and management's discussion and analysis (MD&A) for the three months ended March 31, 2026. The company's financial statements, MD&A and related filings are available under the company's profile on SEDAR+.

Q1 2026 highlights:

• Completed the acquisition of the Tuscarora district from American Pacific Mining Corp. (APM), including the Tuscarora and Danny Boy projects, pursuant to the previously announced plan of arrangement completed on March 25, 2026;
• Successfully completed concurrent financings in connection with the company's public listing, including a subscription receipt financing and a unit financing, for aggregate gross proceeds of approximately $4.5-million;
• Commenced trading on the Canadian Securities Exchange under the symbol ICG on March 31, 2026;
• Reported cash of approximately $5.5-million and working capital of approximately $5.0-million as at March 31, 2026, positioning the company to advance exploration activities at the Tuscarora district;
• Recognized exploration and evaluation assets of approximately $4.0-million associated with the acquisition of the Tuscarora district.

Subsequent events:

• April 7, 2026: provided corporate update and staked strategic claims at the Tuscarora district, consolidating highly prospective Battle Mountain target ahead of summer drill program;
• April 9, 2026: identified major untested structural corridor and multiple new targets at the Tuscarora district;
• April 16, 2026: secured approximately 2,000-acre expansion at the Tuscarora district and identified large-scale structural source;
• April 23, 2026: appointed senior technical adviser and announced formation of technical advisory committee;
• May 4, 2026: completed initial district-scale geological modelling, increased historical drilling database to over 40,000 metres at the Tuscarora district;
• May 28, 2026: announces phase 1 drill program targeting multiple silver and gold zones at the Tuscarora district.

The company is well capitalized and fully financed to complete the phase 1 drill program at the Tuscarora district, set to begin in June, 2026.

Q1 2026 commentary

During Q1 2026, the company completed the acquisition of the Tuscarora district from APM in exchange for 11.5 million common shares of the company. The transaction provided ICG with 100-per-cent control of an approximately 8,000-acre district-scale silver and gold exploration package in Nevada, including the past-producing Tuscarora and Danny Boy projects. Subsequent to quarter-end, as announced on April 7, 2026, and April 16, 2026, the company expanded the project to approximately 10,000 acres through various staking initiatives.

Concurrent with the completion of the arrangement and public listing process, the company completed a subscription receipt financing and a non-brokered unit financing for aggregate gross proceeds of approximately $4.5-million. Net proceeds are intended to support exploration and drilling activities at the Tuscarora district, property expenditures, investor relations initiatives and general corporate purposes.

For the three months ended March 31, 2026, the company reported a net loss and comprehensive loss of approximately $1.25-million, primarily reflecting professional fees, investor relations costs, listing and filing fees, exploration expenditures, and share-based compensation associated with the company's transition to a publicly listed issuer and advancement of the Tuscarora district.

The company's unaudited condensed consolidated interim financial statements and related MD&A for the three months ended March 31, 2026, are available on SEDAR+ and on the company's website.

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;
• 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.

We seek Safe Harbor.