Mr. David Coburn reports

MASIVO SILVER COMPLETES DRILLING HOLE NUMBER 7 IN NEVADA

Masivo Silver Corp. has finished the drilling of hole No. 7 at 165.5 feet with the objective of testing the strong historical induced polarization anomalies that are interpreted to reflect sulphide mineralization that is part of the skarn mineralization at the Boston mine.

The company is very pleased to have finished drilling for the year 2024 and is looking forward to assay results to determine and design a phase 2 exploration drilling campaign for the year 2025.

Results from the first drill hole indicate that Masivo's geological model and projected target zones appear to be accurate. Hole No. 1 encountered two projected mineralized zones. Significant drill intercepts include 55 feet (drilled width) of 0.99 per cent copper, 1.52 grams per tonne gold and 30.35 g/t silver starting at 65 feet downhole.

Per news release dated Nov. 6, 2024, holes No. 2 and No. 3 are being reassayed using metallic screen assays. The company expects these new assay results to be completed in early 2025.

Holes No. 4 and No. 5 are completed, and in the process of being logged, sampled and shipped to an independent lab, and the company expects these results back in early 2025.

Holes No. 6 and No. 7 have also been completed, and the core remains at the Boston mine site and is in the process of being logged, sampled and shipped to an independent lab.

Hole No. 8 will be pushed into 2025 given the company is moving into the winter season.

David Coburn, Masivo chief executive officer, said: "We remain bullish on the Boston mine and are looking forward to continued assay results. A phase 2 drill program is being developed per recent site visits."

The company continues analyzing several very strong gold and silver exploration opportunities in Mexico and the southern States. The company also has a $75,000 drill and exploration credit to use in Mexico.

Qualified person

Brian Brewer, PGeo, is Masivo's qualified person for the company's projects in Mexico and Nevada, and has approved this news release.

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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