Blende Silver Mobilizes Drill Crew to Test Large 3D IP Chargeability Anomalies at Flagship Yukon Project

Blende Silver Corp. (TSX.V: BAG) (OTC: BAGGF) (WKN: A2QKT9) (FSE: BCW1) has announced that field crews are mobilizing to its 100%-owned Blende Silver-Zinc-Lead Project in north-central Yukon to commence the first phase of drilling targeting the project's 3D induced polarization (IP) chargeability anomalies. The first drill hole(s) will test the Central Zone, the approximately 2 km corridor between the Company's West Zone and East Zone deposits, and are expected to commence within approximately 10 days.

The upcoming holes will be the first drilling to directly test the priority 3D IP chargeability anomalies identified in the Company's recently completed survey (see news release dated April 27, 2026). Notably, the Lower Central Zone and New Mountain Top areas show interpreted chargeability anomalies several times greater in areal extent than the chargeability response over the defined West Zone mineralization. Both anomalies extend to the edges of the surveyed grid, and the Company has not surveyed beyond the current coverage. A chargeability high coincident with low resistivity is the criterion used to rank these drill targets, as that combination may indicate sulphide mineralization.

Blende hosts an existing NI 43-101 mineral resource and is one of the larger known carbonate-hosted silver-zinc-lead occurrences in Western Canada. The current drill program is designed to test whether mineralization extends beyond the currently defined zones. The Company's drill contractor is mobilizing to site to complete an equipment inventory and finalize site readiness ahead of drilling. The Company intends to complete as many holes as site and weather conditions allow before the current field season concludes in mid-September 2026, anticipated to be one to two holes.

These holes are the first phase of a planned multi-phase drill program built around the Company's 3D IP targeting model. Phase 1 begins this summer, pauses over the winter period, and is planned to resume and expand in spring and summer 2027. During the winter break, the Company plans to mobilize equipment over the seasonal winter road to establish camp infrastructure and an airstrip, positioning the Project for an expanded exploration program in subsequent phases.

Prior review of the inversion data indicated that historical drilling in the Central Zone (13 holes drilled along and down the spine of the ridge toward the East Zone) appears to have been positioned between two distinct chargeability anomalies, rather than directly testing the strongest responses. The Company's interpretation is that these observations warrant drill testing for possible extensions of mineralization between the West Zone and the East Zone. Continuity of mineralization between the zones is going to be tested by this drilling campaign.

“Blende is not a greenfield story. We already hold one of the larger known carbonate-hosted silver-zinc-lead resources in Western Canada, and our objective now is to test whether that resource can be expanded,” said Andrew H. Rees, President and CEO. “Our 3D IP survey identified chargeability anomalies, coincident with low resistivity, that cover a larger area than the chargeability response over the West Zone that anchors our existing resource, and this program puts a drill directly into those targets for the first time. We aim to mobilize equipment over the winter road this winter to build camp and airstrip infrastructure through the coming spring and summer to support a substantially larger, sustained program across a district-scale property. This program is directed at testing for extensions to the existing mineral resource, and there is no certainty that it will result in any increase to that resource.”

The Blende Project has been described as hosting the largest carbonate-hosted silver-zinc-lead deposit in the Yukon (M. Robinson and C.I. Godwin, Economic Geology, 1995). A mineral resource estimate prepared in accordance with National Instrument 43-101 at a 1.5% ZnEq cutoff, as disclosed in the Company's news release dated May 20, 2021, is reproduced below. The estimate was prepared by Sue Bird, P.Eng., of Moose Mountain Technical Services, an independent Qualified Person.

The scientific and technical information in this news release has been reviewed and approved by Dr. Sarah Palmer, P.Geo., an independent consultant to the Company and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Blende Silver Corp. is a Vancouver-based junior resource company focused on silver-zinc-lead exploration and development at its flagship Blende Project in north-central Yukon. The 100%-owned property covers 5,345 hectares, is winter road accessible, and is located approximately 63 km northeast of Keno Hill, Yukon. The property lies within the Keno Hill silver district, one of Canada's highest-grade historic silver producing districts, currently being advanced by Hecla Mining Company. Mineralization at Keno Hill and on other properties near the Project is not necessarily indicative of mineralization on the Project.