Mithril Silver and Gold Announces High-Grade Gold and Silver Results from Target 6 Area

Melbourne, Australia and Vancouver, Canada — July 29, 2025 — Leads & Copy — Mithril Silver and Gold Limited (TSXV: MSG) (ASX: MTH) reported high-grade channel sampling results from Target 6 area at its Copalquin property in Durango State, Mexico, including 57.8 g/t gold and 2,120 g/t silver over 0.7 meters. The company is preparing to launch aggressive drilling in August 2025 at Target 5, backed by its recent capital raise, and is fully funded to complete 45,000 meters of drilling over the next 12 months, with a third drill rig set to be added in early 2026.

Highlights include:

• New Target 6 high-grade assays from channel sampling at the historic Santa Cruz underground mine.
• Continued high-grade surface channel sampling expands Target 5 ahead of first drilling in mid-August 2025.
• Mineralized corridors cover 2 km x 8 km over a 1,200 m elevation profile within the 70km mining concession area.

The company noted that the Copalquin District contains 100 historic underground gold-silver mines and workings plus 198 surface workings/pits throughout 70km2 of mining concession area. The Copalquin District is developing into another significant gold-silver district like the many other districts in this prolific Sierra Madre Gold-Silver Trend of Mexico.

John Skeet, Managing Director & CEO, commented, “The spectacular high-grade results from Target 6, including 57.8 g/t gold and 2,120 g/t silver over 0.7m, underscore the exceptional potential of the Copalquin District.”

For further information, contact John Skeet, Managing Director and CEO, at jskeet@mithrilsilvergold.com or +61 435 766 809.

Source: Mithril Silver and Gold Limited