Maverick Gold and Silver Begins Drill Program at Silver Vista Property

Maverick Gold and Silver Corp., a company advancing a portfolio of high-potential gold, silver, and copper properties, has announced the commencement of a drill program at its Silver Vista property, located approximately 55 kilometers from Smithers, British Columbia. The property, which is comprised of 17 mineral claims and covers 6,444.5 hectares (15,925 acres) or 64.44 square kilometers (24.88 square miles), is the first of three projects the company plans to drill within the next twelve months.

Watson added that the company intends to drill all three of its projects within the next twelve months, with the next two being Jericho and Gator, both located in Nevada.

The drill program at Silver Vista will consist of five drill holes totaling 1,300 meters (approximately 4,265 feet). The drilling will focus on the MR Showing and is designed to follow up on the successful 2021 drilling campaign that intersected 46 meters averaging 48.0 grams per tonne (g/t) silver and 0.62 percent (%) copper (or 0.97 % Cu Eq.) in drill hole SV21-07 and 47.82 meters averaging 37.0 g/t silver and 0.21 percent (%) copper (or 0.50 % Cu Eq.) in drill hole SV21-01.

The historical drill results referenced above were generated by previous operators of the Silver Vista property and are available in BC Assessment Reports 39889 and 38072. These reports detail the results of diamond drilling and geochemistry on the property. However, the company has not independently verified these results and is using them as an indication of the exploration potential of the property. The company intends to use the historical information, together with newly collected data and future exploration work, to guide the design of its planned drill program.

The silver equivalent (Ag Eq.) and copper equivalent (Cu Eq.) values are provided for comparative purposes only and were calculated using the 3-year average for metal prices (US$30.69 per ounce silver and US$4.32 per pound copper), recoveries of 88% for Ag and 92% for Cu (based on recoveries from the comparable deposits of Rock Creek and Libby). The company cautions that metal equivalents are not intended to imply that the metals are recoverable in the stated proportions or that the reported equivalent values have economic significance.

The scientific and technical information contained in this news release has been reviewed and approved by Jeremy Hanson, P.Geo., an independent Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.