Eric Sprott Announces Changes to His Holdings in Discovery Silver Corp.

Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) ("Discovery" or the "Company") is pleased to announce the appointment of Mark Utting as Vice President, Investor Relations effective immediately.

Mr. Utting is a Chartered Financial Analyst with over 35 years of experience in investor relations, corporate communications and finance, mainly in the mining and financial services sectors. His mining experience includes serving as Senior Vice President, Investor Relations at Kirkland Lake Gold Ltd. ("Kirkland") from June 2017 to February 2022 when Kirkland merged with Agnico Eagle Mines Limited. Prior to that, Mr. Utting was Vice President, Investor Relations for Tahoe Resources Inc. ("Tahoe") from April 2016 to June 2017 following Tahoe's acquisition of Lake Shore Gold Corp., where he had worked as Vice President, Investor Relations from March 2008 to April 2016. Most recently, Mr. Utting joined Discovery as a consultant in February 2024 and previously served as Senior Vice President, Finance (full-time consultant) for Karora Resources Inc. from January 2023 to September 2023.

Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) ("Discovery" or the "Company") today announced the results of voting at its Annual General Meeting held today. Shareholders voted in favour of the election of all director nominees: Murray John (Chair); Tony Makuch; Jeff Parr; Moira Smith; Daniel Vickerman; Jennifer Wagner; and Barry Olson. Details of the votes are set out below:

Shareholders also voted in favour of (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year and; (ii) Amendments of the Restricted Share Unit Plan and Deferred Share Unit Plan of the Company. Further details on these items can be found in the Company's Management Information Circular dated April 5, 2024 and filed on SEDAR+. Details of the votes are set out below.

Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) ("Discovery" or the "Company") today announced financial results for the three months ended March 31, 2024 ("Q1 2024"). The Company also provided a summary of key events since the beginning of 2024, including the release on February 20, 2024, of the feasibility study results (the "Feasibility Study" or "Study") for Discovery's 100%-owned Cordero silver project ("Cordero" or the "Project") in Chihuahua State, Mexico. All figures are stated in Canadian dollars unless otherwise noted.

Tony Makuch, CEO, commented: "During Q1 2024, we achieved a major milestone with the release of the Feasibility Study for our Cordero Project. The Study results clearly establish Cordero as one of the world's largest silver development projects both in terms of reserves and estimated production. The Project will average 37 million silver equivalent ("AgEq") ¹ ounces ("Moz") annually over the first 12 years with low unit costs that will generate attractive economic returns. Very importantly, the Project will deliver substantial socio-economic benefits in Mexico in the form of job creation, skills training, direct investment, the purchasing of local goods and services and tax revenue, and will be developed and operated in a manner that achieves best practice in responsible mining. In addition, we will be bringing valuable technology and infrastructure as part of the Project that will provide important benefits in key areas like water treatment and purification. We will also be continuing our work to build Cordero's presence in the community around Parral, and in Chihuahua State, through ongoing direct participation in, and support for, local initiatives, organizations and institutions.