BLACKROCK SILVER CORP - BKRRF STOCK NEWS

Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) announces initial assay results from its 2024 drill program at the Tonopah West project in Nevada. Highlights include:

• TXC24-087: 2.59m of 3,744 g/t AgEq (1,920.93 g/t Ag and 20.26 g/t Au)
• TXC24-101: 1.28m of 1,286 g/t AgEq (687 g/t Ag and 6.56 g/t Au)
• TXC24-092: 3.35m of 952.6 g/t AgEq (470.56 g/t Ag and 5.35 g/t Au)
• TXC24-100: 2.26m of 898 g/t AgEq (530.30 g/t Ag and 4.08 g/t Au)

The drilling aims to upgrade and expand the shallowest portion of the DPB resource area from inferred to measured and indicated resources. Results show continuity of high-grade gold and silver mineralization, with multiple intercepts exceeding 1 kg/t AgEq. A new high-grade chute has been identified with potential for near-surface expansion.

Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) will present at the 2024 Precious Metals Summit in Beaver Creek, Colorado from September 10-13, 2024. The company will showcase findings from the initial Preliminary Economic Assessment (PEA) of its Tonopah West Project in Nevada.

Key PEA highlights include:

• After-tax NPV5% of $326 million with a 2.3-year payback and 39.2% IRR at base case prices
• AISC of $11.96 per silver equivalent ounce
• 8-year life of mine producing 66.8 million payable AgEq ounces
• Low initial capex of $178 million
• Significant expansion potential with ongoing 20,000-meter drilling program

CEO Andrew Pollard will present on September 10th at 1:15pm MT, with the presentation available via webcast.

Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) announced positive results from a Preliminary Economic Assessment (PEA) for its 100%-owned Tonopah West Project in Nevada. Key highlights include:

- After-tax NPV (5%) of $326 million with an IRR of 39.2%
- Initial capital expenditure of $178 million
- All-in Sustaining Costs of $11.96 per silver equivalent ounce
- 7.8-year mine life producing 66.8 million payable silver equivalent ounces
- Annual production of 8.6 million silver equivalent ounces

The PEA is based on an updated Mineral Resource Estimate of 6.35 million tonnes grading 2.82 g/t gold and 237.8 g/t silver. The project has significant expansion potential and benefits from a streamlined permitting process on private land.

Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) has begun a significant drilling program at its Tonopah West project in Nevada. The fully-funded program includes 20,000 metres of drilling with 50 planned drillholes, utilizing two core and one reverse circulation (RC) drill rig. The campaign aims to grow and de-risk the company's mineral inventory over the next five months.

The program has two main objectives: 1) Convert approximately one million tonnes of high-grade silver and gold from inferred to measured and indicated resource categories, focusing on the Bermuda and Merten vein systems. 2) Explore the potential to connect the DPB and NW step-out resource areas across a 1-kilometer gap, potentially linking up the entire 4-kilometer silver-gold system.

Blackrock Silver announced the commencement of a 20,000-metre drilling program at their Tonopah West project in Nevada. The project, set to begin in July 2024, will use two core drills and one reverse circulation drill. This initiative follows an October 2023 resource estimate revealing 100 million silver equivalent ounces. The drilling aims to convert high-grade silver and gold from inferred to measured and indicated categories, targeting the Bermuda and Merten vein systems. Expansion drilling aims to connect the DPB and NW Step-out deposits. Results from metallurgical test work are expected in August 2024.

Blackrock Silver has terminated its option and exploration agreement with Tearlach Resources concerning the Tonopah North project in Nevada. Tearlach failed to make a required $100,000 payment by April 30, 2024, leading Blackrock to end the agreement. Over the last 18 months, Tearlach spent over $1 million on exploration, identifying multiple lithium zones and expanding the mineralized area. The project area increased from 1,636 to 1,862 hectares. Blackrock is now evaluating the results to decide on the next steps for the project.

Blackrock Silver Corp. grants performance share units, deferred share units, and stock options to directors, management, and consultants. The options have an exercise price of $0.275 per share and will vest over three years. DSUs will settle on the termination of service. For more details, refer to the annual general meeting information circular from December 15, 2023.

Blackrock Silver Corp. (BKRRF) acquires 100% interest in Tonopah West project, solidifying its position as a top silver discovery. The Company's strategic move to exercise the option showcases confidence in the project's potential and value. With a focus on de-risking and advancing the project, Blackrock aims to capitalize on the vast resource expansion opportunities.

Blackrock Silver Corp. (TSXV: BRC) has made significant strides in 2023, with their Tonopah West project emerging as a leading silver deposit in the industry. The company's latest mineral resource estimate shows an increase of 2.36X in ounces and a 14% improvement in grade. With expansion potential and straightforward metallurgy, Blackrock Silver Corp. is poised for further growth and de-risking of the project in 2024.