Mr. David Coburn reports

VISIBLE MINERALIZATION ALLOWS MASIVO TO EXTEND DRILLING DEPTH ON HOLE FOR THE THIRD TIME

After extending the hole target depth three times Masivo Silver Corp. has successfully completed drilling 456.05 feet at hole BM-24-02 or better known as hole No. 2 at the Boston mine, Masivo's high-grade gold, silver and copper project in Elko county in the state of Nevada.

"Hole No. 2 has shown very positive results, we are very pleased to have completed this hole after our technical team agreed to continue drilling the hole 100 feet beyond the expected depth thanks to the continuous visible high mineralization present on our drill core, this is what allowed us to extend the target depth three times, we are very excited to send our core to the lab for assaying," commented David Coburn, president and chief executive officer.

The drilling team is currently relocating all equipment on to hole BM-24-03 at the Boston mine, the drilling of hole No. 3 will begin by the end of the week or early next week.

Nevada drill program highlights

The Boston mine area drilling program will comprise eight holes totalling approximately 1,000 metres to test the main mineralized zones, as well as historical induced polarization (IP) anomalies.

• Boston mine patent -- Four holes will test historic mineralization including the pre-World War II high-grade producing area. An additional report stated that there was a six-inch vein at this same depth that assayed 10,885 grams per tonne Ag. These reports are not compliant with National Instrument 43-101 reporting standards and all numbers quoted should be considered as historic.
• IP anomalies -- At least four holes are planned to test historical IP anomalies that are interpreted to reflect sulfide mineralization that is part of the skarn geology. Based upon the results, a decision will be made as to expanding the IP survey over the rest of the property.

Stock options

The company has also issued 250,000 incentive stock options to directors, officers and advisers. Furthermore, the company wishes to clarify that the service provider, Senergy Communications Capital Inc., and Aleem Fidai, do not hold 75,000 stock options as previously stated in the June 18, 2024, news release. This was an error, and this statement serves as a correction.

About Masivo Silver Corp.

Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the state of Nevada, United States, and in the state of Sinaloa, Mexico. The company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day.

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