Silver One Resources Inc. has returned high-grade assay results from the first two completed holes of its 25,000-metre reverse-circulation drilling campaign at the Candelaria Project in Nevada, highlighted by drill hole SOC26-196A extending mineralization approximately 400 metres down-dip.

"These initial 2026 drill results continue to demonstrate the strength and scale of the Candelaria mineralized system. The grades, thicknesses, and the 400-metre down-dip extension achieved in SOC26-196A, highlight the remarkable continuity of the mineralization and reinforce our view that Candelaria hosts a robust and expanding silver-gold-base-metal system. The sulphide material intersected is similar to that found in deep holes drilled in previous campaigns. Our 2023 metallurgical program showed that sulphides respond well to flotation, providing valuable context and enhancing the opportunities to add value by recovering base metals, in addition to the gold and silver. With two additional holes pending assays, we are encouraged by the momentum of this extensive 25,000 metre program and look forward to updating shareholders as results continue to come in," stated Greg Crowe, President & CEO of Silver One.

Hole SOC26-196A intersected 9.14 metres averaging 472 grams per tonne silver, 0.60 grams per tonne gold, 0.87% lead, and 1.10% zinc — representing 540 grams per tonne silver equivalent — within a broader 25.91-metre interval grading 215 grams per tonne silver, 0.33 grams per tonne gold, 0.43% lead, and 0.55% zinc from a depth of 542.55 metres. A second completed hole, SOC26-197, intersected 3.05 metres averaging 454 grams per tonne silver, 0.68 grams per tonne gold, 1.45% lead, and 1.77% zinc from 391.67 metres, alongside an additional 4.58-metre interval averaging 112 grams per tonne silver from 403.86 metres.

True widths are estimated at approximately 94% of drilled lengths. Assays for two additional holes remain pending.

Silver One closed an upsized $32 million non-brokered private placement financing in early 2026 to fund exploration drilling across its projects. The company is advancing towards completing a pre-feasibility study for Candelaria by year-end 2026, opting to use conventional cyanide extraction after determining that further testing is required before incorporating Extrakt proprietary solutions into engineering studies.

National Drilling is scheduled to mobilize by the end of September 2026 to resume field operations as the campaign continues through the fall and winter months.

Read the full announcement: Silver One Intersects 472 g/t Silver, 0.6 g/t Gold, plus 0.87% Lead - 1.10% Zinc, Extending Down-Dip Mineralization 400 Metres Beyond Open-Pit Resource