Mr. Mike Power reports

SILVER RANGE EXPANDS ALAMO GOLD-COPPER TARGET

Silver Range Resources Ltd. has released recent results from an exploration program at its Alamo property in La Paz county, Arizona.

Highlights:

• Soil geochemical responses in gold up to 1.34 grams per tonne gold;
• Rock sample results up to 21.8 g/t gold and 6.99 per cent copper;
• Extensive network of VLF-EM (very-low-frequency electromagnetic) conductors identified, locally coincident with gold and copper geochemical responses and bedrock float.

In December, 2025, and April, 2026, Silver Range completed soil geochemical and VLF-EM surveys at Alamo, extending the existing grid northwest into a pediment-covered area. A total of 481 soil samples were collected at 25-metre intervals along lines spaced 100 metres apart. The VLF-EM survey covered 11.7 line kilometres over the soil geochemical grid. Prospecting was conducted concurrently with these surveys.

The soil geochemical survey identified highly anomalous values in gold and a more subdued response in copper. Results from all soil geochemical surveys to date are shown below. Peak gold-in-soil response was 1.34 parts per million (1.34 g/t Au) and peak copper-in-soil response was 649 ppm Cu.

The VLF-EM survey was conducted using the Jim Creek, Washington, VLF station, well coupled with northwest-striking conductors known to host gold-copper mineralization on the property. The survey identified network of locally coalescing conductors. Portions of these conductors are coincident with anomalous soil geochemical responses and highly anomalous gold and copper rock sample analyses.

During both programs, a total of 23 float and bedrock grab samples were collected. Of these, two returned assays greater than five grams per tonne gold and six returned analyses greater than 1 per cent copper (10,000 ppm copper). Work at Alamo to date has expanded the exploration target to over 1.6 kilometres in length.

The Alamo property

The Alamo property area hosts detachment-fault-related, iron oxide copper-gold (IOCG) mineralization. The property is underlain by mid-Proterozoic gneiss and Laramide granite in the lower plate of a metamorphic core complex underlying the Harcuvar Mountains. The rocks are cut by widespread northwest-trending veins and breccia, likely generated as C tensional features during formation of the metamorphic core complex. The structures host auriferous hematite-chalcopyrite-pyrite-chalcocite mineralization. Individual veins and breccias were mined at mining operations throughout the Cunningham Pass mining district from 1909 to 1929. The Wenden and Critic mines were the largest operations active during this period. Economic mineralization at the Wenden mine in the northeastern corner of the property was reported down to a depth of 300 metres in the Barkdoll shaft. An October, 1929, smelter settlement sheet for the Wenden mine lists a gross weight of 50 tons grading 0.5 ounce per ton gold and 9.65 per cent copper.

Silver Range is exploring the district to locate larger-tonnage IOCG mineralization where subcropping structures coalesce. The company intends to continue exploration on the property using a combination of geological, geochemical and geophysical techniques to locate mineralization under cover.

Grant of royalty

Altius Minerals Corp. has been granted a 1-per-cent net smelter return on the Alamo property pursuant to a March, 2023, agreement.

More information on the Alamo property, including a short video presentation, may be found on Silver Range's website.

Technical information in this news release has been approved by Mike Power, MSc, CPG, president and chief executive officer of Silver Range Resources and a qualified person for the purposes of National Instrument 43-101. Rock samples collected and reported by Silver Range herein were shipped under chain of custody to ALS Minerals' facilities in Reno, Nev., for sample preparation and analysis. At the laboratory, samples were crushed progressively to less than two millimetres (ALS Code CR-32) and a one-kilogram aliquot was pulverized to 85 per cent passing a 75-millimetre mesh (Code PUL-32). A 50-gram subsample was then fire assayed with an atomic absorption finish (Code Au-AA26). In addition, induced coupled plasma analysis for 36 elements was performed on the samples (Code ME-ICP41). Overlimit copper analyses were reanalyzed employing a technique appropriate to samples with ore-grade concentrations (ALS Code Cu-OG46). Soil samples were shipped under chain of custody to Paragon Geochemical Laboratories in Reno, Nev. Samples were dried at 600 C and 80 grams passing an 80-mesh sieve were extracted for analysis (Paragon Code SOIL-PKG). A 25-gram aliquot was digested in aqua regia and analyzed for 48 elements with induced couple plasma mass spectrometry (ICP-MS) (Paragon Code FAAu-25).

Historic analyses and other data cited in this news release were extracted from reports in the public domain, including geological reports and mining data compiled by the Arizona Department of Mines and Mineral Resources and newspaper reports. Data cited from these sources cannot be independently verified by Silver Range.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in the southwestern United States. It currently has a portfolio of 36 properties, 12 of which are presently under option to third parties. Silver Range also retains nine royalty interests on previously vended projects. Silver Range is actively seeking other joint venture partners to explore the precious metals targets in its portfolio.

We seek Safe Harbor.