Mr. Glen Watson reports

MAVERICK GOLD AND SILVER PREPARES FOR DRILL PROGRAM AT SILVER VISTA PROPERTY, BRITISH COLUMBIA

Final preparations for Maverick Gold and Silver Corp.'s fully financed drill program at the Silver Vista copper-silver property are under way. The Silver Vista copper-silver property is located 55 kilometres northeast of Smithers, B.C., and comprises 12 mineral claims that cover 5,134.5 hectares, or 51.35 square kilometres.

Representatives of the company recently met with the geological and drilling contractors, who have confirmed their availability, to confirm the timing of the drill program.

Ahead of the drill program starting, the company is completing a comprehensive study of the drill core from 2018 and 2021. The objective of this study will be to improve data quality and create a consistency between historic drill holes from the two drill programs that were run by different previous operators of the project.

The platform being used integrates visible, UV (ultraviolet), VNIR (visible and near-infrared) and SWIR (short-wave infrared) imaging sensors to produce continuous hyperspectral data sets that allow for semi-quantitative mineral identification, alteration mapping and detailed geological characterization across entire core boxes. The system outputs calibrated spectral imagery, mineral classification maps and linked photographic records, which will give the company a unified data set for the interpretation of lithology, alteration zonation, veining and structural features with far greater consistency than manual logging.

The newly collected digital data will be incorporated into a three-dimensional database that will include all the drilling completed on the project to date. This includes drilling from 1991, 1992, 2018 as well as 2021, which totals 4,064 metres in 30 drill holes.

"We are excited about the potential of the Silver Vista property as sedimentary-hosted copper-silver deposits make up approximately 23 per cent of the known global copper resources," stated Glen Watson, president of Maverick Gold and Silver. "The exploration target at our Silver Vista property is a sedimentary silver-copper deposit similar to Hecla Mining's Libby and Rock Creek deposits that are located in Montana."

This new model will allow the company to prioritize sites for the coming drill program.

Silver equivalent and copper equivalent values are provided for comparative purposes only and were calculated using the three-year average for metal prices ($30.69 (U.S.) per ounce silver and $4.32 (U.S.) per pound copper), recoveries of 88 per cent for silver and 92 per cent for copper (based on recoveries from the comparable deposits of Rock Creek and Libby), with no adjustment for refining costs, smelting costs, payability, penalties or other modifying factors. Copper equivalent is equal to ((Cu per cent multiplied by 22 multiplied by 4.32 multiplied by 0.92) plus (silver grams per tonne divided by 34.286 multiplied by 30.69 multiplied by 0.88)) divided by 4.32 divided by 2,200 and Silver equivalent is equal to ((Cu per cent multiplied by 22 multiplied by 4.32 multiplied by 0.92) plus (silver grams per tonne divided by 34.286 multiplied by 30.69 multiplied by 0.88)) divided by 30.69 multiplied by 34.286. The company cautions that metal equivalents are not intended to imply that the metals are recoverable in the stated proportions or that the reported equivalent values have economic significance.

The historical drill results referenced above were generated by previous operators of the Silver Vista property, which are available in British Columbia assessment report 39889 titled "Report on the Diamond Drilling and Geochemistry on the Silver Vista Property" for Norseman Silver dated March 4, 2022, and British Columbia assessment report 38072 titled "Diamond Drilling and Geochemistry (soil and rock) Report on the Silver Vista Property" for Amarc Resources dated March 15, 2019, and have not been independently verified by the company. The company believes the historical results are relevant as an indication of the exploration potential of the property; however, a qualified person for the company has not completed sufficient work to verify the historical data, sampling procedures, analytical methods, quality assurance and quality control protocols, or chain of custody. The company intends to use the historical information, together with newly collected data and future exploration work, to guide the design of its planned drill program.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Jeremy Hanson, PGeo, an independent qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Maverick Gold and Silver Corp.

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

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