Mr. Glen Watson reports

MAVERICK GOLD AND SILVER RECEIVES NOTICE OF INTENT FOR DRILLING AT THE GATOR PROPERTY, NEVADA

Fieldwork has started at Maverick Gold and Silver Corp.'s Gator property, which is located in the Battle Mountain mining district, Nevada.

This phase of exploration at Gator will focus on the GSX target, where the company has delineated an extensive zone of favourable alteration within the outcropping Havallah formation that measures approximately 1,200 by 700 metres (3,940 by 2,300 feet). This broader alteration footprint represents a priority area for ongoing exploration and target evaluation.

"This program represents the final phase of work we will complete before we move to drilling," stated Ian Foreman, PGeo, vice-president, exploration, of Maverick Gold and Silver. "With Gator now advancing toward drilling, we continue to execute on our objective of drill-testing all three of Maverick's properties within a 12-month period. We recently finished a drill program on our Silver Vista property, and we will be advancing Jericho toward a drill program over the coming months."

The company recently received acknowledgment from the United States Bureau of Land Management (BLM) of its notice of intent covering the construction of access roads and eight drill pads, as well as proposed drilling activities at the Gator South and GSX targets. The proposed drilling program may proceed following the posting of the required financial reclamation bond and confirmation of its acceptance by the BLM (see news release dated Oct. 14, 2026).

About the Gator property

Gator is located approximately 56 kilometres (35 miles) south-southwest of the town of Battle Mountain, a well-established mining hub in north-central Nevada. The property consists of 160 mining claims covering approximately 3,306 acres, (1,338 hectares; 13.4 square km), and is located on United States federal land administered by the BLM. The property has excellent year-round access via all-weather county roads.

Gator is located proximal to a number of multimillion-ounce gold deposits; highlighted by the following:

• Approximately 60 km (37 miles) south of the Converse property, owned by Roxmore Resources Inc., which is the subject of a proposed acquisition by SSR Mining in a transaction valued at approximately $712-million.
• Approximately 36 km (22 miles) southwest of the producing Phoenix gold-silver mine, which hosts 3.2 million ounces of proven and probable reserves (180 million tonnes grading 0.58 g/t gold), and 7.2 million ounces of measured and indicated resources (490 million tonnes grading 0.45 g/t gold), and is currently operated by Nevada Gold Mines, a joint venture between Newmont Corp. and Barrick Mining Corp.
• Approximately 19 km (12 miles) west-southwest of the past-producing Cove-McCoy mine, which historically produced and hosted approximately 3.3 million ounces of gold and 108 million ounces of silver, and is now owned by i-80 Gold Corp.

Note that the information regarding nearby properties is provided solely for regional geological context. Readers are cautioned that mineralization, mineral resources, mineral reserves and historical production reported on nearby properties are not necessarily indicative of mineralization on the Gator property.

Detailed geological mapping and geochemical analysis at Gator has outlined a seven km (4.3 miles) long north-south-trending structural corridor that is prospective for distal-disseminated style epithermal gold-silver mineralization hosted within the same favourable lithologies as the Converse deposit.

Within this corridor, Maverick has identified two priority targets:

• Gator South, located in the central portion of the property;
• GSX, located within the southern extension of the property.

The Gator South target occupies a graben, or down-dropped structural block, within the broader north-south structural trend. This geological setting is considered prospective for gold-silver mineralization and is comparable with geological environments associated with mineralized systems and past-producing mines elsewhere in the region.

At the GSX target, strongly silicified sediments of the Havallah formation host anomalous gold, mercury and arsenic values that the company interprets as potentially representing the upper-level expression of a precious metals-bearing hydrothermal system controlled by fault and fracture networks at depth.

The company's proposed drill program is intended to test these geological, structural and geochemical targets at depth, and further evaluate the potential for significant gold-silver mineralization at Gator.

Qualified person

Kenneth Tullar, CPGeo, a consultant to the company and a certified independent professional geoscientist who is a qualified person, as such term is defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information regarding the Gator property contained in this news release.

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 with established infrastructure, predictable permitting and supportive regulatory frameworks.

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