1911 Gold Intersects up to 21.80 g/t Gold over 0.50 m within 6.46 g/t Au over 2.20 m in Drilling at True North

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce the assay results from Thirteen (13) drill holes for 3,222.40 metres ("m") from the surface exploration drilling program currently in progress at the True North Project located on the Company's 100%-owned Rice Lake Gold property in southeast Manitoba, Canada .

Highlights:

Drill results defined near-surface quartz vein hosted gold ("Au") mineralization on the San Antonio Southeast ("SAM SE") target
A second drill rig has been mobilized and is currently drill testing the extensions of the San Antonio West target

San Antonio Southeast Target

Drill results confirmed the southeastern extension of gold mineralization hosted within the prolific San Antonio mafic unit to depths of over 400 m and along a strike length of over 300 m , including:

- Drill hole TN-25-011 intersected 8.37 grams per tonne ("g/t") Au over 0.84 m at a down-hole depth of 277.74 m
- Drill hole TN-25-014 intersected 13.40 g/t Au over 0.69 m at a down-hole depth of 361.71 m
- Drill hole TN-25-021 intersected 14.00 g/t over 0.50 m at a downhole depth of 33.10 m , and 6.46 g/t Au over 2.20 m at a downhole depth of 60.10m , including 21.80 g/t Au over 0.50 m
- Drill hole TN-25-023 intersected 9.37 g/t Au over 0.50 m at a downhole depth of 37.00 m
- Drill hole TN-25-024 intersected 4.55 g/t Au over 1.00 m at a downhole depth of 73.00 m , and 14.50 g/t Au over 0.50 m at a downhole depth of 106.60 m

Shaun Heinrichs , President & CEO, stated, "This latest discovery is exciting not only because it is near mine and located within the same host rock unit that contains the prolific San Antonio zone, but also because the target is within the L-10 shear zone that hosts over 100,000 ounces where it intersects the shoreline basalt unit to the east. Our models also indicate that the L-10 shear zone extends to depth and contains the larger 710-711 vein resource, a step-out discovery on the "26 Level" in the True North mine. This is over 1,000 metres below surface, highlighting a large target zone between the near-surface mineralization intersected in these drill holes and the mineral resources at depth. Using these results and historical drilling data in the area, Michele and his team have designed a follow-up program to test for extensions of this mineralization along strike and to depth."

San Antonio Southeast target: Discussion of Results

The San Antonio Southeast target covers an area southeast of the historically mined San Antonio zone of the True North Gold Mine. The San Antonio Southeast target occurs within the gabbro of the San Antonio Mafic (SAM) unit at the intersection with the L-10 shear zone. The same geological setting hosts the 710-711 vein system, which contains a mineral resource inventory of 198,000 oz Au @ 5.21 g/t Au indicated and 118,000 oz Au @ 3.91 g/t Au ( see press release dated November 20, 2024 , "1911 Gold Announces Mineral Resource Estimate Update for the True North Gold Project") located on the "26 Level" of the True North underground mine at a depth approximately 1,000m below the current drill target area. The L-10 shear zone also hosts a gold mineralized vein system within the parallel Shoreline Basalt unit containing 58,000 oz Au @ 4.99 g/t Au indicated and 61,000 oz @ 3.96 g/t Au inferred resources.

Table 1: Select Significant Drill Hole Assay Results

Target Area (name)	Drill Hole (number)	From (m)	To (m)	Interval (m)	Au (g/t)
SAM Southeast	TN-24-011	244.76	245.72	0.96	2.55
		277.74	278.58	0.84	8.37
SAM Southeast	TN-24-14	361.71	362.40	0.69	13.40
		369.85	371.70	1.85	2.52
SAM Southeast	TN-25-016	332.60	334.20	1.60	2.72
SAM Southeast	TN-25-021	33.10	33.60	0.50	14.00
		51.60	57.20	5.60	2.52
	Including	51.60	53.00	1.40	5.13
		60.10	62.30	2.20	6.46
	Including	61.80	62.30	0.50	21.80
SAM Southeast	TN-25-022	51.30	51.80	0.50	6.00
		60.50	62.60	2.10	2.32
SAM Southeast	TN-25-023	37.00	37.50	0.50	9.37
		41.30	42.20	0.90	2.41
SAM Southeast	TN-25-024	73.00	74.00	1.00	4.55
		106.60	107.10	0.50	14.50

1) Intercepts above a cut-off grade of 2.25 g/t Au

2) Maximum of 2.50 m internal dilution and no top capping applied

3) Intervals represent drill core length and are considered to represent 60% to 90% of true widths

4) Full Significant Assay Results included in Table 2

5) Drill hole Information included in Table 3

Drilling completed to date has confirmed the extension of gold mineralization to over 350 m east of the San Antonio zone, covering an area 300 m long and over 400 m to depth. Thirteen (13) holes for a total of 3,222.40 m have been sampled and analyzed to date within this target area, with one (1) hole, TN-24-012, being abandoned at 45.40 m without reaching the target zones and one hole TN-25-026 being drilled to the south and behind the target which did not test the up-dip extensions of mineralization. The SAM gabbro hosts the majority of the known gold mineralization within the True North Mine and historically produced 1,309,351 ounces Au at an average grade of 9.33 g/t Au.

Mineralized intercepts are characterized by quartz-carbonate shear veins and vein breccias with sericite, and chlorite alteration and up to 2% pyrite disseminated and in veinlets. They are interpreted to be related to a similar structural setting as the San Antonio zone vein system, which occurs at the intersection of the SAM gabbro unit and the L-13 shear zone. Historical drill testing of the SAM SE target resulted in drill assays of up to 2.16 m @ 12.90 g/t Au (AB-07-003), 3.20 m @ 6.25 g/t Au (AB-06-005 ) and 3.63m @ 4.01 g/t Au (AB-06-006) (see press release dated October 3, 2024 , "1911 Gold Initiates Surface Drill Program on New Exploration Targets at the True North Gold Project") . The current drill program is designed to test the continuity and extensions of the historically drilled zones. Drill results have confirmed the extension of the quartz vein-hosted gold mineralized system along strike to the East and down plunge, defining the potential to extend it even further at depth and to the East.

Next Steps

The exploration drilling results completed to date within the True North Gold Mine complex have successfully defined several new areas of gold mineralization and confirmed the near-surface extensions of gold mineralization for the San Antonio West, Hinge East and San Antonio Southeast target areas. Based on the results received to date and the additional new exploration targets that have been developed, 1911 Gold has expanded the current drill program and is now planning over 25,000 m of drilling in 2025. A second rig has been mobilized, and the drill program will continue to test the open extensions at San Antonio West and San Antonio Southeast and the Hinge East target, as well as other new targets.

Table 2: True North; Significant Drill Hole Assays

Target Area (Name)	Drill Hole (Number)	From (m)	To (m)	Interval (m)	Au (g/t)
SAM Southeast	TN-24-011	244.76	245.72	0.96	2.55
		257.76	260.00	2.24	0.97
		263.00	264.50	1.50	1.64
		277.74	278.58	0.84	8.37
SAM Southeast	TN-24-14	359.40	359.90	0.50	1.65
		361.71	362.40	0.69	13.40
		363.90	365.22	1.32	0.67
		367.10	369.85	2.75	1.36
		369.85	371.70	1.85	2.52
		371.70	375.55	3.85	0.80
		385.95	386.55	0.60	1.91
SAM Southeast	TN-24-15	347.57	348.07	0.50	0.74
		371.95	372.51	0.56	1.83
		385.55	386.55	1.00	1.70
SAM Southeast	TN-25-016	332.60	334.20	1.60	2.72
		350.00	351.30	1.30	0.85
		369.50	370.25	0.75	1.28
SAM Southeast	TN-25-017	212.40	213.00	0.60	0.80
SAM Southeast	TN-25-021	33.10	33.60	0.50	14.00
		50.20	51.60	1.40	0.51
		51.60	57.20	5.60	2.52
	Including	51.60	53.00	1.40	5.13
		57.20	58.00	0.80	0.73
		60.10	62.30	2.20	6.46
	Including	61.80	62.30	0.50	21.80
		62.30	62.80	0.50	1.59
SAM Southeast	TN-25-022	34.20	35.40	1.20	1.21
		47.30	48.50	1.20	1.46
		51.30	51.80	0.50	6.00
		58.90	59.40	0.50	1.95
		60.50	62.60	2.10	2.32
SAM Southeast	TN-25-023	32.90	33.50	0.60	0.57
		36.00	37.00	1.00	0.83
		37.00	37.50	0.50	9.37
		37.50	38.00	0.50	0.73
		41.30	42.20	0.90	2.41
		70.40	73.00	2.60	0.62
		73.00	74.00	1.00	4.55
		75.00	76.00	1.00	1.41
		78.30	78.90	0.60	1.07
		102.90	103.40	0.50	0.51
		106.10	106.60	0.50	0.60
		106.60	107.10	0.50	14.50
		110.90	113.00	2.10	1.16

Drill hole TN-24-012 was abandoned before reaching target depths and drill hole TN-25-026 was drilled behind the target zone

Update on Underground Access

During February, significant progress has been made in recommissioning the A Shaft on the True North underground mine, including lowering the skip to the "16 Level" (the target level for underground drilling) with no interruptions. Once the Company can safely lower a crew to the "16 Level" over the coming weeks, a further inspection will be completed to identify the work required and provide an updated timeline for the exploration team to gain access for underground drilling.

Table 3: True North; Drill Hole Details

Drill Hole (Number)	`Target (Name)	Northing* (m)	Easting* (m)	Elevation (masl)	Azimuth (°)	Inclination (°)		Depth (m)
TN-24-011	SAM-Southeast	312762	5655528	250	175		-65	326.0
TN-24-012**	SAM-Southeast	312762	5655528	250	183		-48	45.4
TN-24-012A	SAM Southeast	312762	5655528	250	165		-50	224.0
TN-24-013	SAM Southeast	312588	5655595	256	152		-65	338.0
TN-24-014	SAM Southeast	312662	5655639	262	137		-63	443.0
TN-25-015	SAM Southeast	312662	5655639	262	137		-66	440.0
TN-25-016	SAM Southeast	312664	5655639	262	125		-64	449.0
TN-25-017	SAM Southeast	312793	5655442	254	187		-60	293.0
TN-25-021	SAM Southeast	312609	5655311	251	129		-82	140.0
TN-25-022	SAM Southeast	312609	5655311	251	218		-45	101.0
TN-25-023	SAM Southeast	312609	5655311	251	273		-50	128.0
TN-25-024	SAM Southeast	312609	5655311	251	122		-49	194.0
TN-25-026***	SAM Southeast	312555	5655327	252	232		-45	101.0

*Coordinates are provided in UTM NAD83 Zone 15

**Drill hole abandoned before reaching target depth

***Drill hole drilled behind the target zone

Quality Assurance/Quality Controls (QA/QC)

Core samples are collected by sawing the drill core in half along the axis, with one-half sampled, placed in plastic sample bags, labelled, sealed and the other half retained for future reference. Batches are shipped to Activation Laboratories Ltd. (Actlabs), in Thunder Bay, Ontario for sample preparation and analysis. Samples are dried, crushed to 2mm and a 1 kg split is pulverized to -200 mesh. Gold analysis is completed by fire-assay with an atomic absorption finish on 50 grams of prepared pulp. Samples returning values greater or equal to 5.00 g/t are reanalysed by fire assay with a gravimetric finish. Total gold analysis (Screen Metallic Sieve) is conducted on highly mineralized samples or the presence of visible gold, depending on the amount of sample material remaining available. Certified gold reference material samples are inserted every 20 samples and blank samples at intervals of one in every 50 samples, with additional blanks inserted after samples hosting visible gold. Repeat gold analyses for 5% of all submitted sample pulps conducted at a third-party certified laboratory.

Qualified Person Statement

The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera , P.Geo, Vice-President Exploration of 1911 Gold, who is a "Qualified Person" as defined under NI 43-101.

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba , and also owns the True North mine and mill complex at Bissett, Manitoba . 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on organic growth and accretive acquisition opportunities in North America .

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

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1911 Gold Successfully Re-Enters the True North Mine and Receives Manitoba Mineral Development Fund Grant

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB; OTCQB: AUMBF) is pleased to announce that the Company has completed the re-commissioning of the True North mine hoist system in the A Shaft and is now focused on completing all necessary electrical and mechanical work down to Level 16 of the underground mine. Several levels within the True North Mine are now accessible for rehabilitation, including Level 16 at a depth of 695 m below surface, and will be used for our underground drilling to reach key targets identified by the exploration team, including following the SAM Southeast and West targets to depth.

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1911 Gold Intersects up to 14.97 g/t Gold over 2.70 m including 71.60 g/t Au over 0.50 m on SAM Southeast Zone at True North

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB; OTCBB: AUMBF; FRA: 2KY) is pleased to announce the assay results from eight (8) drill holes for 1,672.0 metres ("m") from the ongoing surface drill program at the recently discovered San Antonio Southeast target at the True North Project. The True North project, including a permitted mill, camp, and tailings facility, is centrally located on the Company's 100%-owned Rice Lake Gold property in southeast Manitoba, Canada .

Highlights:

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Blackrock Drills 4.2m of 700 g/t AgEq and Reports Multiple +1 kg/t AgEq Intercepts at Tonopah West

M&I Conversion Program Drilling Continues to Expand and Confirm Continuity of High-Grade Gold and Silver Mineralization in the Shallowest Portion of the M&I Conversion Area

HIGHLIGHTS:

TXC25-138 returned multiple broad zones of high-grade silver and gold mineralization spanning from 230.4 metres to 241.86 metres down hole, including:
- 4.24 metres grading 700 grams per tonne (g/t) silver equivalent (AgEq) (Ag/Au ratio 90:1) (378.5 g/t silver (Ag) and 3.57 g/t gold (Au)) from 230 metres down hole, including 0.31 metres grading 3,182 g/t AgEq (1,805.0 g/t Ag and 15.27 g/t Au); and
- 5.18 metres grading 556 gt/ AgEq (328.2 g/t Ag and 2.53 g/t Au) from 236.68 metres, which included intervals of 3,340 g/t AgEq (1,987 g/t Ag and15.0 g/t Au) over 0.31 metres and 1,714 g/t AgEq (1,037.0 g/t Ag and 7.51 g/t Au) over 0.61 metres respectively.
There are ten drillholes with pending assays from the M&I Conversion Program, and seven drillholes are pending assays from the Resource Expansion program.
Modelling of the M&I Conversion Program drillholes is now underway, with an updated mineral resource estimate on track for Q3, 2025.

Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) ("Blackrock" or the "Company") announces additional high-grade silver and gold drill intercepts from the M&I Conversion Program (as defined herein) at its 100% owned Tonopah West project ("Tonopah West") located in Nye and Esmeralda Counties, Nevada, United States.

The Company is currently in the process of completing its in-fill drilling program at Tonopah West which commenced in mid-July 2024 and consists of 62 drillholes within the shallow southern portion of the Bermuda-Merten vein group ("DPB South") resource area (the "M&I Conversion Area") with a goal to convert up to 1.0-million tonnes of material from inferred mineral resources to measured and indicated mineral resources (the "M&I Conversion Program"). The M&I Conversion Area represents the initial years of production based on the mine plan laid out in the Company's Preliminary Economic Assessment on Tonopah West (see September 4, 2024 news release).

Andrew Pollard, the Company's President and Chief Executive Officer, stated: "Additional results from our M&I Conversion Program continue to validate our model, supporting mineral continuity as we track and define the geometry of the high-grade shoots within the vein system. Today's results, coupled with results previously announced from this same program, highlight that broader intercepts are associated with higher-than-average grades which should be beneficial in delineating high-grade tonnes. The broad zones of high-grade mineralization encountered in drillhole TXC-138 are a standout for us, as at a composite of 11.46 metres of 514 g/t AgEq (290 g/t Ag & 2.48 g/t Au), this is thickest (composite) zone we've drilled throughout the district outside of the historic Victor mine. As we await the final assays from the M&I Conversion Program, modelling has begun for our upcoming mineral resource update on Tonopah West, currently on track for Q3, 2025."

Table 1: Tonopah West Assay Intercepts using 150 g/t AgEq cut off

Drillhole ID	Hole Type	Program	From (m)	To (m)	Drill Interval (m)	Ag g/t	Au g/t	AgEq g/t
TXC25-125	RC/Core	M&I Conversion	327.97	329.31	1.34	118.21	1.336	238.73
Including			328.27	328.58	0.31	432.00	4.900	874.03
TXC25-126	RC/Core	M&I Conversion	319.61	320.22	0.61	247.80	2.554	478.20
Including			319.92	320.22	0.31	421.00	4.380	816.12
TXC25-127	RC/Core	M&I Conversion	230.22	230.73	0.52	66.14	0.964	153.10
TXC25-128	RC/Core	M&I Conversion	300.81	302.21	1.40	244.83	2.070	431.56
TXC25-128	RC/Core	M&I Conversion	348.14	348.75	0.61	300.50	3.030	573.84
TXC25-128	RC/Core	M&I Conversion	427.76	428.46	0.70	129.00	1.360	251.69
TXC25-129	RC/Core	M&I Conversion	307.24	308.15	0.91	155.50	1.322	274.76
TXC25-129	RC/Core	M&I Conversion	323.27	323.88	0.61	65.10	1.140	167.94
TXC25-129	RC/Core	M&I Conversion	344.94	345.55	0.61	237.00	2.520	464.33
TXC25-131	RC/Core	M&I Conversion	319.19	319.80	0.61	292.74	2.480	516.46
Including			319.49	319.80	0.31	584.00	4.940	1,029.64
TXC25-132	RC/Core	M&I Conversion	437.60	438.52	0.92	125.81	1.804	288.55
TXC25-138	RC/Core	M&I Conversion	213.30	213.82	0.52	111.00	0.945	196.25
TXC25-138	RC/Core	M&I Conversion	230.40	234.64	4.24	378.52	3.572	700.75
Including			232.72	233.02	0.31	1,805.00	15.267	3,182.24
TXC25-138	RC/Core	M&I Conversion	236.68	241.86	5.18	328.23	2.528	556.28
Including			238.35	238.66	0.31	1,987.00	15.000	3,340.15
Including			240.03	240.64	0.61	1,037.00	7.510	1,714.48
TXC25-140	RC/Core	M&I Conversion	295.96	296.51	0.55	78.09	1.180	184.54
TXC25-140	RC/Core	M&I Conversion	358.14	358.84	0.70	77.31	0.989	166.53
TXC25-140	RC/Core	M&I Conversion	362.90	363.81	0.91	335.63	3.803	678.70
Including			362.90	363.20	0.30	371.00	4.310	759.81
TXC25-140	RC/Core	M&I Conversion	378.11	380.09	1.98	95.98	1.215	205.59
Including			379.05	380.09	1.04	136.49	1.787	297.70
AgEq = Ag + Au(Factor); where Factor = (Au Price/Ag Price)(Au Recovery/Ag Recovery or Factor=($1900/$23)*(95%/87%)=90.21; True thickness is 90 to 100% of interval thickness based on the modelled vein geometries; Cut-off grade is 150 gpt AgEq; Reverse Circulation (RC)/Core = RC pre-collar with core tail.

As is evident from Table 1, the highest-grade results are associated with thicker intercepts of quartz vein material. This is similar to previous results seen from the M&I Conversion Program where broader intercepts were encountered, such as: TXC24-095 which returned 5.03 metres of 774.5 g/t AgEq (461.5 g/t Ag and 3.47 g/t Au),¹ TXC24-119 which returned 4.69 metres of 714 g/t AgEq (379.0 g/t Ag and 3.72 g/t Au),² and TXC24-122 which cut 5.21 metres of 563 g/t AgEq (3.02 g/t Au and 292 g/t Ag)³ .This combination of high grade and thickness should have a positive impact on the proposed development of the M&I Conversion Area and the scheduled mineral resource update. Modelling of the M&I Conversion Program drillholes has started and an updated mineral resource estimate on Tonopah West is currently scheduled for Q3 2025.

The geometry of the high-grade silver and gold is sizable with high-grade shoots plunging to the northwest within the M&I Conversion Area. These shoots are open to the northwest, east and open down plunge. TXC25-138 shows high-grade shoots have thicker vein intercepts along the axis of the shoot and multiple high-grade intercepts are being returned under the M&I Conversion Program. Allowing for the 3 metres of internal waste, TXC25-138 would have a drill interval of 11.46 metres grading 290.2 g/t Ag and 2.48 g/t Au or 514.3 g/t AgEq. The thickness of this mineralized shoot is approaching those seen in the historic mining at the Victor and Ohio mines where the Victor vein area was 24 metres thick and the Ohio vein area was 15 metres thick⁴.

Figure 1: Tonopah West project showing NI43-101 resource location and expansion potential

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/251267_df9b5b7fb4827b2a_001full.jpg

Drillholes TXC25-133, -134, -135, and TXC25-136 returned silver and gold assays below the cutoff grade for Table 1. The drillholes returned silver equivalent grades ranging between 100 and 144 g/t AgEq with silver values ranging between 6 to 71 g/t and gold values between 0.51 and 1.34 g/t. There are ten drillholes (TXC25-137, -139, -141, -142, and TXC25-146 to -TXC25-151) with pending assays from the M&I Conversion Program. In addition, seven drillholes are pending assays from the Company's exploration drill program that is targeting expansion potential across a one kilometre trend of vein corridor linking the Denver-Paymaster and Bermuda-Merten vein groups and the Northwest step out resource area at Tonopah West (the "Resource Expansion Program") (see February 24, 2025 news release).

Figure 2 is a plan map showing the location of all the drillholes in the M&I Conversion Program and highlighting those reported in this news release.

Figure 2: Drillhole location map of the M&I Conversion Program showing drillholes reported in this news release.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/251267_df9b5b7fb4827b2a_002full.jpg

Table 2: Tonopah West Drillhole Location Coordinates (based on GPS readings in the field, Datum UTM, NAD 1927, Zone 11)

Hole ID	Area	Type	UTM_NAD27 East	UTM_NAD27 North	Elevation (m)	Depth (ft)	Depth (m)	Azimuth	Dip
TXC25-125	DPB South	RC/Core	477803.70	4213416.77	1772.86	1177.0	358.7	180	-55
TXC25-126	DPB South	RC/Core	477804.02	4213508.86	1767.74	1377.0	419.7	180	-55
TXC25-127	DPB South	RC/Core	477777.73	4213417.95	1771.99	1002.0	305.4	180	-62
TXC25-128	DPB South	RC/Core	477748.86	4213697.90	1767.22	1559.0	475.2	180	-55
TXC25-129	DPB South	RC/Core	477792.34	4213590.24	1769.09	1398.0	426.1	180	-60
TXC25-130	DPB South	RC/Core	477813.05	4213696.50	1768.97	1332.0	406.0	180	-55
TXC25-131	DPB South	RC/Core	477774.72	4213512.62	1767.17	1312.0	399.9	180	-60
TXC25-132	DPB South	RC/Core	477738.29	4213429.15	1768.79	1532.0	467.0	180	-55
TXC25-133	DPB South	RC/Core	478534.92	4213166.73	1803.79	1160.0	353.6	180	-67
TXC25-134	DPB South	RC/Core	478382.37	4213223.62	1798.88	1256.5	383.0	180	-69
TXC25-135	DPB South	RC/Core	478196.91	4213351.05	1782.35	1002.0	305.4	180	-58
TXC25-136	DPB South	RC/Core	477845.60	4213690.57	1770.44	1470.0	448.1	180	-72
TXC25-137	DPB South	RC/Core	477930.70	4213330.78	1776.32	1028.0	313.3	180	-62
TXC25-138	DPB South	RC/Core	477930.70	4213330.04	1776.49	1050.0	320.0	180	-51
TXC25-139	DPB South	RC/Core	477980.65	4213246.52	1778.41	1061.0	323.4	180	-67
TXC25-140	DPB South	RC/Core	477834.09	4213503.16	1768.96	1646.0	501.7	180	-65

Quality Assurance/ Quality Control

All sampling is conducted under the supervision of the Company's project geologists, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The RC and core samples are hauled from the project site to a secure and fenced facility in Tonopah, Nevada, where they are loaded on to American Assay Laboratory's (AAL) flat-bed truck and delivered to AAL's facility in Sparks, Nevada. A sample submittal sheet is delivered to AAL personnel who organize and process the sample intervals pursuant to the Company's instructions.

The RC samples are lined out at the lab and logged in to AAL's system. The core samples are cut using core saws and personnel at AAL's facility in Sparks, Nevada according to the Company's instructions delivered with each core hole.

All samples are dried, crushed to 85% passing 10 mesh (2mm) and a 250-gram sub-sample split is collected and pulverized to 200 mesh (74 micron) in a ring and puck pulverizer. Then the pulverized material is digested and analyzed for gold using fire assay fusion and an Induced Coupled Plasma (ICP) finish on a 30-gram assay split (FA-PB30-ICP). Silver is determined using five-acid digestion and ICP analysis (ICP-5AM48). Over limits for gold and silver are determined using a gravimetric finish (GRAVAU30 and GRAVAG30). Data verification of the assay and analytical results are completed to ensure accurate and verifiable results. Blackrock personnel insert a blind prep blank, lab blank or a certified reference material approximately every 15th to 20th sample.

Qualified Persons

Blackrock's exploration activities at Tonopah West are conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Howald has reviewed and approved the contents of this news release.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-Looking statements in this news release relate to, among other things: the Company's strategic plans; the timing of completion of the Company's drill programs at Tonopah West and the anticipated objectives and results therefrom; the incorporation of the results from the M&I Conversion Program in an updated mineral resource estimate on Tonopah West and the anticipated timing of release thereof; the Company's de-risking initiatives at Tonopah West; estimates of mineral resource quantities and qualities; estimates of mineralization from drilling; geological information projected from sampling results; and the potential quantities and grades of the target zones.

These forward-looking statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company's operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company's ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market and industry conditions; and those factors identified under the caption "Risks Factors" in the Company's most recent Annual Information Form.

Forward-Looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further Information, Contact:

Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
info@blackrocksilver.com

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Denarius Metals Announces Binding Letter of Intent with Quimbaya Gold for a 50/50 Joint Venture to Exploit the Tahami Project in the Segovia Gold District of Colombia

Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that it has signed a binding Letter of Intent with Quimbaya Gold Inc. ("Quimbaya") (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) establishing a 5050 joint venture aimed at formalizing existing small-scale mining operations located within Quimbaya's Tahami Project which is located in the Segovia Gold District of Antioquia, Colombia, adjacent to the high-grade Segovia Operations owned by Aris Mining Corporation ("Aris Mining").

Serafino Iacono, Executive Chairman of Denarius Metals, commented, "We see this joint venture with Quimbaya as an opportunity to leverage our team's considerable experience in exploration, mining and community relations in Colombia, particularly in the Segovia Gold District where we founded Gran Colombia Gold (now Aris Mining) and built the Segovia Operations into the largest underground gold producer in Colombia and one of the highest-grade underground gold producers globally. We are excited about the opportunity to develop near-term production and cash flow through the implementation of a formalized artisanal mining operation in partnership with Quimbaya and the local community."

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Riverside Resources and Questcorp Mining Execute Definitive Option Agreement for La Union Project, Sonora, Mexico

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) ("Riverside" or the "Company"), is pleased to announce that further to its press release dated September 6, 2024, Riverside's wholly-owned subsidiary, RRM Exploracion, S.A.P.I. DE C.V. (the "Vendor") has entered into a definitive option agreement (the "Option Agreement") with Questcorp Mining Inc. ("Questcorp") dated May 5, 2025, for the 2,520.2 hectare La Union carbonate replacement gold- polymetallic project (the "Project" or "La Union") located in Sonora, Mexico (the "Transaction").

"We are thrilled to finalize this agreement for the La Union Project, which is a strong asset in Riverside's portfolio. Securing up to C$5,500,000 in exploration funding from Questcorp is an excellent step forward in advancing this larger Carbonate Replacement Deposit ("CRD") project," said John-Mark Staude, CEO of Riverside Resources. "Riverside is pleased to have the updated NI 43-101 Technical Report completed and we see an active exploration program launching in the coming weeks with Riverside as the Operator of the exploration program. Riverside is expected to become a shareholder of Questcorp with an initial 9.9% equity interest, subject to final approval by the Canadian Securities Exchange or confirmation that such approval is not required. The first-year work program of C$1,000,000 in exploration expenditures will launch the first round of exploration at the project."

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Target Area (name)	Drill Hole (number)	From (m)	To (m)	Interval (m)	Au (g/t)
SAM West	TN-25-029	71.70	72.20	0.50	3.09
SAM West	TN-25-035	53.10	53.60	0.50	3.30
		69.00	71.10	2.10	8.81
	Including	70.50	71.10	0.60	19.20
SAM West	TN-25-037	60.90	61.90	1.00	8.73
		65.10	66.10	1.00	62.40
		86.80	87.50	0.70	6.09
		128.80	133.30	4.50	4.17
	Including	128.80	129.60	0.80	8.45
SAM West	TN-25-043	66.20	67.20	1.00	12.50
SAM West	TN-25-045	7.50	11.20	3.70	6.84
	Including	8.30	9.70	1.40	12.40
		29.50	32.20	2.70	5.30
	Including	29.50	30.00	0.50	11.30
	and	31.50	32.20	0.70	7.69
SAM West	TN-25-048	31.90	32.90	1.00	3.44

Target Area (name)	Drill Hole (number)	From (m)	To (m)	Interval (m)	Au* (g/t)
SAM West	TN-25-025	No Significant Results
SAM West	TN-25-029	71.70	72.20	0.50	3.09
SAM West	TN-25-032	167.80	168.70	0.90	1.20
		177.40	178.30	0.90	0.71
SAM West	TN-25-035	53.10	53.60	0.50	3.30
		69.00	71.10	2.10	8.81
	Including	70.50	71.10	0.60	19.20
		132.10	132.60	0.50	1.42
		156.80	158.30	1.50	1.64
SAM West	TN-25-037	60.90	61.90	1.00	8.73
		64.10	65.10	1.00	1.78
		65.10	66.10	1.00	62.40
		86.80	87.50	0.70	6.09
		127.80	128.80	1.00	1.43
		128.80	133.30	4.50	4.17
	Including	128.80	129.60	0.80	8.45
		204.70	206.10	1.40	0.83
SAM West	TN-25-043	5.70	6.50	0.80	1.18
		10.10	11.30	1.20	0.74
		13.00	13.50	0.50	1.03
		66.20	67.20	1.00	12.50
		69.70	70.20	0.50	1.33
		73.30	77.00	3.70	0.65
		81.40	83.30	1.90	0.53
SAM West	TN-25-045	5.50	7.50	2.00	0.89
		7.50	11.20	3.70	6.84
	Including	8.30	9.70	1.40	12.40
		11.20	12.80	1.60	0.68
		29.50	32.20	2.70	5.30
	Including	29.50	30.00	0.50	11.30
	and	31.50	32.20	0.70	7.69
		71.60	72.10	0.50	1.53
SAM West	TN-25-048	28.30	29.20	0.90	0.96
		31.90	32.90	1.00	3.44
		33.70	34.90	1.20	0.67
		39.30	40.50	1.20	0.81
		45.20	47.00	1.80	0.62
		55.30	56.10	0.80	1.75

Drill Hole (Number)	`Target (Name)	Northing* (m)	Easting* (m)	Elevation (masl)	Azimuth (°)	Inclination (°)		Depth (m)
TN-25-025	SAM West	5655913	311823	255	230		-80	149.0
TN-25-029	SAM West	5655914	311826	255	186		-69	167.0
TN-25-032	SAM West	5655913	311822	256	139		-64	182.0
TN-25-035	SAM West	5655894	311926	253	228		-45	193.0
TN-25-037	SAM West	5655894	311926	253	292		-73	215.0
TN-25-043	SAM West	5655811	311852	248	285		-49	164.0
TN-25-045	SAM West	5655811	311852	248	285		-68	170.0
TN-25-048	SAM West	5655788	311872	251	148		-45	131.0

Target Area (name)	Drill Hole (number)	From (m)	To (m)	Interval (m)	Au (g/t)
SAM Southeast	TN-25-019	253.00	253.50	0.50	13.20
SAM Southeast	TN-25-027	27.90	28.60	0.70	18.80
SAM Southeast	TN-25-028	46.90	51.30	4.40	3.12
	Including	46.90	49.60	2.70	4.20
	*and*	48.80	49.60	0.80	8.36
SAM Southeast	TN-25-030	154.30	155.30	1.00	3.53
		162.40	166.10	3.70	3.27
	Including	162.40	164.30	1.90	3.79
	*and*	165.30	166.10	0.80	8.78
		179.00	180.00	1.00	3.16
SAM Southeast	TN-25-033A	94.00	95.80	1.80	7.71
		102.00	105.10	3.10	7.05
	*Including*	102.00	103.20	1.20	16.50
		119.60	125.60	6.00	5.34
	*Including*	121.50	122.70	1.20	7.32
	*and*	123.70	124.80	1.10	8.58
SAM Southeast	TN-25-034	99.00	101.10	2.10	7.13
	*Including*	99.00	100.00	1.00	12.80
		136.50	140.70	4.20	2.49
	*Including*	139.70	140.50	1.00	7.67
		145.00	147.70	2.70	14.97
	*Including*	145.00	145.50	0.50	71.60

Drill Hole (Number)	`Target (Name)	*Northing (m)**	*Easting (m)**	Elevation (masl)	Azimuth (°)	Inclination (°)		Depth (m)
TN-25-018	SAM-Southeast	5655444	312790	252	175		-45	269.0
TN-25-019	SAM-Southeast	5655444	312790	252	156		-45	323.0
TN-25-020	SAM Southeast	5655311	312609	251	156		-49	131.0
TN-25-027	SAM Southeast	5655325	312562	290	113		-53	128.0
TN-25-028	SAM Southeast	5655416	312542	258	164		-58	155.0
TN-25-030	SAM Southeast	5655470	312610	256	163		-47	230.0
TN-25-031	SAM Southeast	5655470	312610	256	155		-62	242.0
TN-25-033A	SAM Southeast	5655466	312612	256	185		-45	194.0

1)	Intercepts above a cut-off grade of 2.25 g/t Au
2)	Maximum of 2.50 m internal dilution and no top capping applied
3)	Intervals represent drill core length and are considered to represent 60% to 90% of true widths
4)	Full Significant Assay Results included in Table 2
5)	Drill hole Information included in Table 3

Target Area (name)	Drill Hole (number)	From ( m)	To (m)	Interval (m)	Au (g/t)
SAM Southeast	TN-25-019	253.00	253.50	0.50	13.20
SAM Southeast	TN-25-020	60.10	60.80	0.70	2.37
SAM Southeast	TN-25-027	27.90	28.60	0.70	18.80
SAM Southeast	TN-25-028	46.90	51.30	4.40	3.12
	*Including*	46.90	49.60	2.70	4.20
	*and*	48.80	49.60	0.80	8.36
SAM Southeast	TN-25-030	152.20	153.30	1.10	1.15
		154.30	155.30	1.00	3.53
		154.30	155.30	1.00	3.53
		162.40	166.10	3.70	3.27
	*Including*	162.40	164.30	1.90	3.79
	*and*	165.30	166.10	0.80	8.78
		179.00	180.00	1.00	3.16
SAM Southeast	TN-25-031	138.80	141.50	2.70	1.11
		182.20	183.20	1.00	1.03
SAM Southeast	TN-25-033A	94.00	95.80	1.80	7.71
		102.00	105.10	3.10	7.05
	*Including*	102.00	103.20	1.20	16.50
		107.00	108.50	1.50	1.81
		111.50	113.00	1.50	0.93
		117.50	119.00	1.50	0.80
		119.60	125.60	6.00	5.34
	*Including*	121.50	122.70	1.20	7.32
	*and*	123.70	124.80	1.10	8.58
		179.30	180.50	1.20	1.57
SAM Southeast	TN-25-034	82.40	84.10	1.70	1.18
		99.00	101.10	2.10	7.13
	*Including*	99.00	100.00	1.00	12.80
		101.90	102.40	0.50	1.83
		105.00	105.70	0.70	1.58
		132.20	133.60	1.40	2.25
		136.50	142.30	5.80	2.20
	*Including*	136.50	140.70	4.20	2.49
	*Including*	139.70	140.70	1.00	7.67
		145.00	147.70	2.70	14.97
	*Including*	145.00	145.50	0.50	71.60

Target Area	Drill Hole Number	From (m)	To (m)	Interval (m)	Au (g/t)
Hinge East	TN-24-003	44.65	48.10	3.45	2.85
	Including	44.65	47.05	2.40	3.55
	*Including*	44.65	45.20	0.55	6.20
	*and*	46.55	47.05	0.50	6.30
	*and*	47.55	48.10	0.55	2.39
		60.60	61.20	0.60	2.68
SAM West	TN-24-005	122.75	125.85	3.10	2.45
		147.00	147.65	0.65	7.76
SAM West	TN-24-006	125.38	130.22	4.84	3.70
	*Including*	126.00	127.05	1.05	7.23
	*and*	128.55	129.46	0.91	8.42
SAM West	TN-24-007	115.45	117.25	1.80	2.48
SAM West	TN-24-010	89.00	89.96	0.86	3.41

Target (Area)	Drill Hole (Number)	From (m)	To (m)	Interval (m)	Au (g/t)
Cohiba East	TN-24-001	No Significant Results (NSR)
	TN-24-002	NSR
Hinge East	TN-24-003	44.65	48.10	3.45	2.85
	*Including*	44.65	47.05	2.40	3.55
	*Including*	44.65	45.20	0.55	6.20
	*and*	46.55	47.05	0.50	6.30
	*and*	47.55	48.10	0.55	2.39
		60.60	61.20	0.60	2.68
Hinge East	TN-24-004	130.34	131.18	0.84	1.96
		145.19	146.30	1.11	0.10
SAM West	TN-24-005	122.75	125.85	3.10	2.45
		147.00	147.65	0.65	7.76
SAM West	TN-24-006	66.74	75.00	8.26	0.66
		125.38	130.22	4.84	3.70
	*Including*	126.00	127.05	1.05	7.23
	*and*	128.55	129.46	0.91	8.42
SAM West	TN-24-007	96.18	104.50	8.32	0.20
		104.50	105.6	1.10	1.49
		115.45	117.25	1.80	2.48
SAM West	TN-24-008	91.70	92.80	1.10	1.22
SAM West	TN-24-009	92.00	95.00	3.00	0.92
SAM West	TN-24-010	86.64	89.96	3.32	1.77
	*Including*	89.00	89.96	0.96	3.41
		89.96	101.22	11.26	0.11

Drill Hole (Number)	Target (Name)	Northing* (m)	Easting* (m)	Elevation (m)	Azimuth ( ° )	Inclination ( ° )	EOH Depth (m)
TN-24-001	Cohiba East	5656058	314458	267	199	-66	407.00
TN-24-002	Cohiba East	5656058	314458	267	183	-48	350.00
TN-24-003	Hinge East	5656008	313487	268	178	-68	245.00
TN-24-004	Hinge East	5656063	313489	267	185	-67	299.00
TN-24-005	SAM West	5655928	312000	255	257	-46	236.00
TN-24-006	SAM West	5655948	311718	249	220	-75	143.00
TN-24-007	SAM West	5655948	311718	249	157	-66	152.00
TN-24-008	SAM West	5655948	311718	249	173	-46	131.00
TN-24-009	SAM West	5655925	311787	247	195	-46	140.00
TN-24-010	SAM West	5655925	311787	247	190	-71	119.00

CLEARY ZONE - Drilled 70m SW of GS2421
Hole	Depth	Dip	Azimuth	From	To	Interval	Au
Number	Depth	Dip	Azimuth	(m)	(m)	(m)	g/t
GS2434	550.8	-90	0	319.1	380.1	61	1.84
				410.2	428.9	18.7	1.6
				453	465.4	12.4	1.48

DOLPHIN ZONE
Hole	Depth	Dip	Azimuth	From	To	Interval	Au
Number	Depth	Dip	Azimuth	(m)	(m)	(m)	g/t
GS2432	788.2	-70	0	138	141.1	3.1	13.3
				188.1	616.6	428.5	0.9
incl				363.3	616.6	253.3	1.17
incl				363.3	407.8	44.5	1.32
incl				486.5	504.7	18.2	6.82
GS2436	652.9	-90	0	121	132.9	11.9	1.6
				256.9	275.2	18.3	0.99
				410.6	440.7	30.1	1.08
				508.1	646.8	138.7	0.9

WOW ZONE
Hole	Depth	Dip	Azimuth	From	To	Interval	Au	Au
Number	Depth	Dip	Azimuth	(m)	(m)	(m)	g/t	Cut to 90g/t
GS2430	639.2	-90	0	121.9	123.7	1.8	23.1
				270.4	316.1	45.7	0.62
				434.9	461.5	26.6	0.66
				491	501.7	10.7	1.79
GS2431	623	-85	0	111.3	120.8	9.5	2.81
				209	238.1	29.1	1.08
				263	289.9	26.9	0.6
				323	350	27	1.94
				407	518	111	1.73
incl				407	439.8	32.8	2.95
incl				430.5	433.6	3.1	22.0
incl				497	518	21	3.49
incl				512	515	3	19.3
				548	561.1	13.1	0.78
GS2433	654	-90	0	482.2	508.8	26.6	0.82
				523.8	530.1	6.3	4.19
GS2435	653	-85	0	98	155	57	1.07
				196.5	215	18.5	1.17
				254	470	216	1.01
incl				254	317	63	1.43
				558.5	559.8	1.3	20.4

Deadline	Cash Payment	Share Issuance	Exploration Expenditures
Within two (2) business days of the date of the Option Agreement	$25,000	N/A	N/A
On the Effective Date⁽¹⁾	N/A	9.9%⁽²⁾	N/A
On or before the first anniversary of the Effective Date	N/A	14.9%⁽²⁾⁽³⁾	$1,000,000
On or before the second anniversary of the Effective Date	$25,000	19.9%⁽²⁾⁽³⁾	$1,250,000
On or before the third anniversary of the Effective Date	$25,000	19.9%⁽²⁾⁽³⁾	$1,500,000
On or before the fourth anniversary of the Effective Date	$25,000	19.9%⁽²⁾⁽³⁾	$1,750,000
Total	$100,000	19.9%⁽²⁾⁽³⁾	$5,500,000
Notes: "Effective Date" means the date on which Questcorp delivers to the Vendor a copy of the written approval of the Canadian Securities Exchange in respect of the transactions contemplated by the Option Agreement. Issuable within the fifth business day after the applicable date. Expressed as a cumulative total percentage of the undiluted issued and outstanding common shares of Questcorp as of the applicable payment date, and assuming Riverside has not previously disposed of any common shares.

Hole	Depth	Dip	Azimuth	From	To	Interval	Au	Au
Number				(m)	(m)	(m)	g/t	Cut to 90g/t
GS2437	609	-85	0	69.8	102	32.2	0.85
				268.8	293.8	25	1.39
				326.6	344.4	17.8	1.37
				396	416.6	20.6	6.84	5.85
incl				398.6	399.4	0.8	115.5
				498	501	3	43.8

1911 Gold Intersects up to 21.80 g/t Gold over 0.50 m within 6.46 g/t Au over 2.20 m in Drilling at True North

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