Prince Silver Graduates to OTCQX Best Market as Company Advances Silver-Gold-Critical Minerals Project Toward Maiden NI 43-101 Resource Estimate

Prince Silver Corp. (CSE: PRNC,OTC:PRNCF) (OTCQX: PRNCF) (FSE: T130) ("Prince Silver" or the "Company") is pleased to announce that its common shares have qualified to trade on the OTCQX® Best Market in the United States and will begin trading today under the symbol "PRNCF." Prince Silver has upgraded to OTCQX from the OTCQB® Venture Market.

The upgrade to OTCQX represents an important milestone for Prince Silver as the Company continues to advance its flagship Prince Silver Project in Nevada toward a maiden NI 43-101 compliant mineral resource estimate targeted by the end of 2026. The Company believes trading on OTCQX will support increased visibility, liquidity and accessibility for U.S. investors at a time when Prince Silver is actively advancing exploration, drilling, metallurgy and resource-development initiatives at the past-producing Prince Mine.

The Prince Project, located in the historic Pioche Mining District of Nevada, hosts a polymetallic system with significant silver, zinc, manganese, lead and gold mineralization. While silver remains the Company's primary focus and principal commodity exposure, recent and historical work continues to highlight the relevance of gold within the broader mineralized system. Management believes gold may become an increasingly important component of the developing resource model as drilling continues to validate and expand known mineralized zones.

The Company's ongoing approximately 9,000-metre reverse-circulation drill program is designed to validate historical drilling, test extensions to known mineralized horizons, and support the completion of the Company's maiden NI 43-101 compliant resource estimate. The Prince Project features near-surface mineralization historically tested by more than 129 drill holes and remains open in multiple directions.

"Graduating to the OTCQX Best Market is an important step in broadening Prince Silver's visibility with U.S. investors as we continue to advance the Prince Project toward a maiden NI 43-101 resource estimate by the end of 2026," said Derek Iwanaka, Chief Executive Officer of Prince Silver. "The Prince Project is emerging as a large silver-led polymetallic system with meaningful exposure to zinc, manganese, lead and gold. While silver remains the core driver of the story, we are increasingly encouraged by the relevance of gold within the system and its potential contribution to the broader resource opportunity. With ongoing drilling, an improving understanding of the project's scale, and continued work on metallurgy and project development, we believe this OTCQX upgrade comes at an ideal time for the Company."

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance requirements, and demonstrate compliance with applicable securities laws. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Prince Silver at www.otcmarkets.com. The OTC-provided template confirms that Prince Silver begins trading on OTCQX under "PRNCF" and upgraded from OTCQB.

About Prince Silver Corp.

Prince Silver Corp. is a silver exploration company advancing its flagship Prince Silver Project in Nevada, USA, featuring a near-surface, historically drilled deposit that remains open in all directions. The Company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest of the Prince Silver Project, highlighting Prince Silver's focus on high-potential, strategically located exploration assets.

On Behalf of the Board of Directors

Derek Iwanaka, CEO & Director
Tel: 236 335-9383
Email: info@princesilvercorp.com
Website: www.princesilvercorp.com

Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, but are not limited to, statements regarding the Company's advancement of the Prince Project; the timing and completion of a maiden NI 43-101 compliant mineral resource estimate; the objectives and results of the Company's ongoing drill program; the potential scale, nature and economic significance of mineralization at the Prince Project; the Company's metallurgical and project-development plans; and the anticipated benefits of trading on the OTCQX Market, including increased visibility, liquidity and accessibility for U.S. investors.

Forward-looking statements are based on the Company's current expectations, estimates, forecasts and projections, as well as assumptions made by management regarding, among other things, exploration results, drilling productivity, assay timing, metallurgical results, market conditions, regulatory matters, the availability of financing, and the Company's ability to advance the Prince Project as currently contemplated. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These risks include, but are not limited to, exploration and development risks, delays in receiving assay results, changes in commodity prices, changes in capital markets, permitting and regulatory risks, technical and metallurgical risks, and the availability of financing.

Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297404

News Provided by TMX Newsfile via QuoteMedia

Prince Silver PRNC:CC cse:prnc precious metals investing

PRNC:CC

Prince Silver

Advancing a large-scale, past-producing polymetallic silver-manganese project in Nevada.

Advancing a large-scale, past-producing polymetallic silver-manganese project in Nevada. Keep Reading...

Investor Insight

With a strong asset foundation, C$8 million in cash, and an experienced technical team, Prince Silver is well-positioned to capitalize on the current macro tailwinds in the silver and manganese markets. The project has a US Critical Minerals advantage, hosting silver, zinc, lead, and manganese, in addition to gold.

Overview

Prince Silver (CSE:PRNC,OTCQB:PRNCF) is a Vancouver-based exploration company focused on unlocking value at the Prince silver project in southeastern Nevada.

In July 2025, the company completed a transformational acquisition of Stampede Metals Corporation and subsequently rebranded from Hawthorn Resources to Prince Silver Corp.

Map of Prince Silver and Stampede Gap Projects in Nevada, showing mines and highways.

The flagship asset is a district-scale, past-producing silver-gold-zinc-manganese carbonate replacement system, historically mined through the early to mid-1900s. The immediate objective is to validate and expand upon the 129 historic drill holes (over 16,600 meters) to convert the exploration target into a maiden NI 43-101 mineral resource, targeted for the fourth quarter of 2026.

Company Highlights

Flagship Project: 100 percent ownership of the historic Prince silver mine in Lincoln County, Nevada, an open, near-surface silver-gold-zinc carbonate replacement deposit. It has an exploration target of 23 to 45 million tons, with strong historic grades.
Fully Funded Drilling Program Underway: A 9,000-meter reverse-circulation drill program is now underway with a steady stream of assay results expected from January to May 2026. This follows an recent funding raise of approximately C$4.75 million in gross proceeds.
Clean Corporate Reset: Hawthorn Resources completed the Stampede Metals acquisition and re-listed as Prince Silver Corp. on July 11, 2025.
Tight Share Structure: The company has 58.9 million shares issued and outstanding as of February 23, 2026.
US Critical Minerals Leverage: The Prince Project hosts critical and strategic minerals on the 2025 USGS list: silver, zinc, lead, and manganese, in addition to gold.
Experienced, Hands-on Leadership: President Ralph Shearing, CEO Derek Iwanaka, and new directors Marco Montecinos, Robert Wrixon and Darrell Rader add mine-building, corporate, and capital-markets depth to the leadership team.
Expanded Land Position: The land package at the Prince Silver Project has more than doubled, securing over 7 kilometers of prospective strike length along the mineralized fault system.

Key Projects

Prince Silver Project

Aerial view of Prince Silver historic mine area with sinkholes and headframe in a desert landscape.

The Prince silver project is a large-scale, polymetallic Carbonate Replacement Deposit (CRD) located just west of Pioche, a historic mining district in southeastern Nevada. The project hosts a structurally and stratigraphically controlled system of silver-rich mantos, breccias, and fissure veins. Historic underground production between 1912 and 1949 totaled approximately 1.12 million tons (Mt) at average grades of 100 grams per ton (g/t) silver, 4.5 percent zinc, and 10 percent manganese.

Highlights

Geological compilation work has defined an exploration target ranging between 23 and 45 Mt, grading approximately 37 to 40 g/t silver, 1.5 percent zinc, and 0.8 percent lead.
The fully-funded 9,000 meter drill program is underway with a steady stream of assay results expected from January to May 2026, targeting a maiden NI 43-101 Mineral Resource Estimate (MRE) in the fourth quarter of 2026.
The company recently expanded its land position, securing over 7 kilometers of prospective strike length along the mineralized fault system.

Stampede Gap Copper-Gold-Molybdenum Project

Map showing Prince Silver's Stampede Gap Project's mines near Pioche, Nevada.

The Stampede Gap Copper-Gold-Molybdenum Project is a large, early-stage porphyry target in Nevada featuring over 200 claims. Historical geophysics have identified multiple IP-resistivity anomalies, and a single 700 meter drill hole encountered extensive skarn alteration. Its location is only 150 kilometers south of KGHM's Robinson copper-gold-silver-molybdenum mine. The project presents a deep-seated exploration target that has the hallmarks of a large-scale copper-molybdenum deposit.

Management Team

Derek Iwanaka – Chief Executive Officer and Director

Derek Iwanaka is a mining-sector executive with over 23 years of investor relations, corporate development, and capital markets experience. He has supported more than 20 corporate transactions and helped raise over US$100 million, including one of Canada's first at-the-market financings. Iwanaka previously held senior roles at BeMetals and First Mining Gold Corp., contributing to strategic acquisitions, project advancement, and significant market-cap growth.

Ralph Shearing – President and Director

Ralph Shearing is a professional geologist and mine developer with over 35 years in mineral exploration development and public company management. Since 1987, Shearing has held senior executive positions with public junior mining and exploration companies, notably Luca Mining, a company he founded and guided through exploration, development, construction, and pre-production of the Tahuehueto mine in Mexico. He currently acts as a Qualified Person for Prince Silver’s technical disclosure.

Rob Scott – Chief Financial Officer and Corporate Secretary

Rob Scott’s professional experience has helped raise over $200 million in equity with past and current executive and board positions with TSXV issuers, including Great Bear Resources, Valore Metals, Riverside Resources, Capitan Silver, and First Helium.

Dr. Robert Wrixon – Independent Director

Robert Wrixon is the managing director of Starboard Global, a Hong Kong-based project incubator and VC firm. Wrixon is a seasoned executive and engineer with over 20 years’ experience across ASX- and LSE-listed mining companies. He holds a PhD in mineral engineering from UC Berkeley and brings deep technical, corporate development, and mergers and acquisitions experience.

Darrell Rader – Independent Director

Darrell Rader is the president and chief executive officer of Minaurum Gold, a silver explorer in Mexico. He has directly raised over $150 million for mineral exploration and development and has strong relationships with institutional investors and bankers. Rader founded Defiance Silver Corp, a silver developer, and previously was the head of corporate development at IMPACT Silver. Rader holds a BBA in Finance from Simon Fraser University.

Marco Montecinos – Independent Director

Marco Montecinos has over 40 years of mineral exploration experience across the Americas, including a key role in the three-million-ounce Marlin Gold discovery, multiple gold discoveries, and current roles as chief president of exploration at Gunpoint Exploration and US Critical Metals, as well as president of Tigren, Inc.