Mr. Robert Drago reports

MILLENNIUM SILVER MOBILIZES DRONE MAGNETIC SURVEY AT SILVER PEAK, NEVADA

A drone magnetic survey crew has mobilized to Millennium Silver Corp.'s Silver Peak silver-gold project in Esmeralda county, Nevada. SJ Geophysics Ltd., with field support from Zonge International Inc., is flying a high-resolution unmanned aerial vehicle magnetic survey over the property.

The survey covers approximately 420 line kilometres at 50-metre and 25-metre line spacing. It is designed to map structures that host historic silver-gold mineralization at the past-producing Nivloc and 16-to-1 mines and to support target generation on satellite veins ahead of the company's 2026 resource expansion drill program. The current inferred mineral resource sits on the Nivloc structure, which remains open along strike and at depth. Less than 20 per cent of the greater-than-2,500-metre Nivloc structure has been tested by drilling (see news releases dated May 4, 2026, and Aug. 5, 2026). Maps, 3-D inversions and interpretation are targeted within about six weeks of field completion.

Robert Drago, president and chief executive officer of Millennium Silver, commented: "The drone mag crew is on the ground. This is the lowest-impact way to put a modern structural map under Nivloc and the untested strike beyond it, alongside the recently accepted BLM exploration notice and the water infrastructure work already under way. We will use the results to more clearly focus the 2026 drill program."

About the Silver Peak project

The Silver Peak project is located in the historic Silver Peak mining district of Esmeralda county, Nevada, approximately 11 kilometres southwest of the town of Silver Peak. The project is 100 per cent owned by Millennium Silver through its U.S. subsidiary and comprises 211 lode mining claims covering 1,697.99 hectares (4,193 acres). The property includes the past-producing Nivloc and 16-to-1 mines and more than 12 additional silver-gold vein structures. The project benefits from year-round road access and available power, water and labour.

Historic production includes 330,273 tonnes milled at the Nivloc mine (1937 to 1943) grading 440.2 grams per tonne Ag and 1.77 g/t Au for approximately 4.67 million ounces of silver and 18,800 ounces of gold, and 907,185 tonnes milled at the 16-to-1 mine (1982 to 1986) grading 175 g/t Ag and 1.17 g/t Au for more than five million ounces of silver plus gold.

The Nivloc structure hosts an inferred mineral resource of 2,653,000 tonnes grading 96.85 g/t silver and 0.67 g/t gold, containing 8.26 million ounces of silver and 57,000 ounces of gold (12.8 million ounces silver equivalent at an 80 to 1 silver to gold ratio as reported in the 2019 National Instrument 43-101), at a 40 g/t Ag cut-off, effective March 28, 2019. The estimate is disclosed in the company's NI 43-101 technical report titled "NI 43-101 Technical Report on the Silver Peak Project, Esmeralda County, Nevada, USA," prepared by Seymour M. Sears, PGeo, and Joan M. Barry, PGeo, of Sears, Barry & Associates Ltd., available on SEDAR+.

About Millennium Silver Corp.

Millennium Silver is a Canadian mineral exploration company focused on the discovery, expansion and development of high-grade silver and gold deposits in Nevada. Its flagship asset is the Silver Peak project.

Qualified person

Mr. Sears, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.

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