Mithril Silver and Gold Limited press release

Mithril Drills 4.01 G/T Gold, 225 G/T Silver Over 7.25 M Including 15.25 G/T Gold, 533 G/T Silver Over 0.5 M At Target 1, Copalquin

2026-06-10

TSXV - TSX Venture Exchange · Gold · Silver · Vanadium · Titanium · Australia · Drill Results

(TheNewswire)

| [](www.mithrilsilvergold.com) | | |

Melbourne, Australia and Vancouver, Canada – TheNewswire -June 10, 2026 - Mithril Silver and Gold Limited ("Mithril” or the "Company") (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) is pleased to provide details of continued drilling progress at Mithril’s district scale Copalquin property, Durango State, Mexico.

Update Highlights

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Mithril completes final six holes in the in the western expansion area of the El Refugio area, and final two holes in La Soledad southeast expansion area, in advance of the updated Mineral Resource Estimate planned for late June 2026

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Three of six drill holes completed at El Refugio intercepted high grade silver and gold, including drill hole RE26-013 which intercepted 7.25 m grading 4.01 g/t Au and 225.1 g/t Ag, or 7.22 g/t AuEq, at distance of approximately 190 m from previously announced drill hole RE26-009 which intercepted 9.65 m grading 7.00 g/t Au and 370.3 g/t Ag, or 12.29 g/t AuEq0F1

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Drilling in the La Soledad vein continues to intercept elevated gold values in drilling, as extension of the 2021 MRE footprint seen in hole LS26-007

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Target 1 resource upgrade drilling highlights include:

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2.85 m @ 2.41 g/t gold, and 107.8 g/t silverfrom 395.05 m (RE26-010), including

0.95 m @ 2.83 g/t gold, and 188.0 g/t silverfrom 396.95 m

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1.20 m @ 6.64 g/t gold, and 6.4 g/t silverfrom 304.20 m (RE26-012), and

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1.65 m @ 3.79 g/t gold, and 8.3 g/t silverfrom 316.75 m, including

0.75 m @ 5.55 g/t gold, and 11.9 g/t silverfrom 317.65,

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7.25 m @ 4.01 g/t gold, and 225.1 g/t silverfrom 375.70 m (RE26-013), including

3.30 m @ 7.11 g/t gold, and 368.2 g/t silverfrom 376.80 m, including

0.50 m @ 15.25 g/t gold, and 533.0 g/t silverfrom 378.00 m, and including

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3.25 m @ 5.23 g/t gold, and 30.5 g/t silverfrom 92.0 m (LS26-007), including

0.85 m @ 19.45 g/t gold, and 96.8 g/t silverfrom 94.4 m

The final drillholes of the 2026 Target 1upgrade drilling program that were directed to further test the western mineralized limit of the El Refugio structure returned encouraging results including high grade silver and gold mineralization within wide intervals of quartz breccia and wider intervals of milled and/or phreatic breccia textures. Drill hole RE26-013, which intercepted 7.25 m of mineralized quartz breccia within a wider 12.6 m interval of quartz filled polymictic breccia, shows as evidence of a large, high energy mineralized system. The overall success of the upgrade drilling campaign is underscored by the increased footprint of the mineralization at El Refugio, and the increased confidence in the grade and geology model which remains open to depth.

“The continued success at the western expansion area of El Refugio has defined continuity of the structure with a plunge of mineralization directed to the northwest that remains open for further drill testing in the future,” stated James Barr, Mithril’s VP Exploration.“With our immediate objectives in the Target 1 resource area being substantially complete, our focus shifts to completing an update of the Target 1 mineral resource estimate with an emphasis on upgrading confidence in the geological and grade distribution, targeting substantial conversion from the Inferred resource classification. For the first time, detailed modelling of a post-mineral dyke system will be included. Previously, the model recognized this unit as part of the pre-mineral volcanic rock package which masked the continuity of the mineralized structure. The recent drilling has confirmed the continuation of the mineralization at similar grade and thickness across the dyke which has split and offset the mineralization.

Our look-ahead into H2 of 2026 includes expanding ground-based mapping activities to the District North Section, target development at locations not previously drill tested, and extensional drilling to follow-up previous drilling campaign successes in the Target 5 area.”

Copalquin District - 2026

Mithril is undertaking an aggressive exploration programme in 2026, with 11, 238 metres now complete of a up to 25,000 metres of drilling planned during the first 6 - 8 months of the year across the Copalquin District. Upcoming work is focussing on expanding known mineralised zones, testing new high-priority targets, integrating district-wide geophysical data, and continuing to advance the Company’s district-scale exploration thesis. The district features over 100 historic underground workings (c.1850 – 1910) including several multi-level mines and 200 small surface workings. Mapping and sampling across the lower half of the 70 km2mining concession area demonstrates and a large epithermal silver-gold system with multiple target areas for potential resource growth plus the underlying conduit system responsible for the widespread gold and silver mineralisation.

The northern half of the Copalquin concession area features large areas of alteration. The LiDAR image shows evidence of historic mining activity and indicates some key structures. Along with historic sampling data, the northern section of the property presents as an additional, potentially significant and large exploration area within Mithril’s Copalquin mining concessions.

The nearby 20 km2La Dura propertyhas recently been added to the portfolio providing a brown field property with a database of mapping, sampling and drilling1F2. The recent LiDAR survey2F3has revealed multiple historic workings within the concession area, including the 4-level high-grade La Dura mine. An initial 1.5 km long mineralisation corridor has been identified as a future drill target. An aerial magnetic survey has been complete with interpretation work currently progressing.

Figure []()1: Mithril’s Copalquin and La Dura property locations in Durango State, Mexico

[](https://www.thenewswire.com/data/tnw/clients/img/2d625ba7dcc427092649bb9bbd326fee.png) Click Image To View Full Size

[]()Figure []()2: LiDAR identified historic workings across the 70km2 district. Current drilling locations at Target 1, Target 3 and Target 5 with ongoing mapping and sampling plus recently completed aerial magnetic survey (report pending)

[](https://www.thenewswire.com/data/tnw/clients/img/0cbf08c551b06a5f6c7016c22d6ac52a.png) Click Image To View Full Size

Figure []()3: Property-wide channel sampling results for the middle and south district sections within ~50% of the 70 km2mining concession area covering the Copalquin District. An aerial magnetic survey and a desktop structural study have been completed over the area and are being interpreted to support drill planning for district defining targets such as the Copalquin Structure.

Target 1 Drilling Program Discussion

Initial drilling at the Target 1 Resource area started in July 2020, culminating in seventy-seven drill holes (totalling 17,706.20 m) being completed in the area that were used as the basis of the initial Mineral Resource Estimate. Since then, 127 additional drill holes (totalling 42,861.35 m) have been completed in the Target 1 resource area, for a total of 204 drill holes (totalling 60,567.55 m).

A priority objective of the drilling campaign has been to de-risk the mineral resource model by completing infill drilling within areas defined as Inferred Resources to increase local confidence in the geology and grade continuity. In early 2026 Mithril directed drilling activities to address some remaining gaps that were recognized between wide spaced drilling in the El Refugio vein system that were untested or that were classified as Inferred resources. Eight (8) holes (totalling 2,814.0 m) were completed to fill these gaps. These holes further developed understanding of the main El Refugio body, including the addition of two new veins. The system now comprises four veins on the footwall and hangingwall side of El Refugio main.

Along the western extension of El Refugio main, the vein system consolidates into one main structure. The final seven holes (totalling 2,868.0 m) of the 2026 campaign at El Refugio were drilled to test continuity of the mineralized system and successfully intersected mineralization beyond the post-mineral dyke system. Recent age dating confirms the approximate age of mineralization around 27 Ma, relative to the post mineral dyke system with an age of 22 Ma, based on K-Ar age dating methods. Mineralization within the structure remains open to depth.

Drilling at La Soledad since the 2021 Mineral Resource Estimate focused on drill testing mineralized extensions projected from the historical workings, which were surveyed with underground LiDAR in May 2025, in addition to the successful extension of the mineralized structure to the southeast. Drilling in 2026, which included seven (7) drill holes at La Soledad (totalling 2,316 m) continued testing the extension of the mineralization along the southeast trend. Together, the campaigns have culminated in identifying six subparallel mineralized structures located in the footwall to La Soledad main near the intersection with Refugio main vein.

Table []()1:Recent significant results received for Target 1 resource upgrade drilling

| Hole ID | From (m) | To (m) | Interval (m) | Au g/t | Ag g/t | AuEq g/t3F4 | | El Refugio | | | | | | | | RE26-010* | 395.05 | 397.90 | 2.85 | 2.41 | 107.8 | 3.94 | | including | 396.95 | 397.90 | 0.95 | 2.83 | 188.0 | 5.52 | | RE26-012 | 304.20 | 305.40 | 1.20 | 6.64 | 6.4 | 6.73 | | RE26-012 | 316.75 | 318.40 | 1.65 | 3.79 | 8.3 | 3.91 | | including | 317.65 | 318.40 | 0.75 | 5.55 | 11.9 | 5.72 | | RE26-013* | 375.70 | 382.95 | 7.25 | 4.01 | 225.1 | 7.22 | | including | 376.80 | 380.10 | 3.30 | 7.11 | 368.2 | 12.37 | | and* | 378.00 | 378.50 | 0.50 | 15.25 | 533.0 | 22.86 | | La Soledad | | | | | | | | LS26-006* | 66.00 | 67.00 | 1.00 | 1.22 | 149.1 | 3.34 | | LS26-006 | 117.55 | 118.30 | 0.75 | 1.49 | 50.7 | 2.21[]() | | LS26-007 | 58.20 | 58.75 | 0.55 | 0.95 | 53.7 | 1.71 | | LS26-007 | 81.90 | 88.65 | 6.75 | 0.65 | 23.4 | 0.98 | | LS26-007 | 92.00 | 95.25 | 3.25 | 5.23 | 30.5 | 5.66 | | Including* | 94.40 | 95.25 | 0.85 | 19.45 | 96.8 | 20.83 | | LS26-007 | 99.75 | 100.25 | 0.50 | 1.70 | 10.8 | 1.85 | | LS26-007 | 293.15 | 294.00 | 0.85 | 2.04 | 5.8 | 2.12 |

Intercepts shown on attached maps and sections

[]()[](https://www.thenewswire.com/data/tnw/clients/img/8c4c155d907cf6c57a130f12ea9879bc.png) Click Image To View Full Size

Figure []()4: Target 1 plan map showing drill hole trace locations, highlight intercepts in this announcement and resource footprint area

[](https://www.thenewswire.com/data/tnw/clients/img/e96986539850f53740b79054dd234316.png) Click Image To View Full Size

Figure []()5: Long section view of the El Refugio vein looking perpendicular to the vein to the northwest

[](https://www.thenewswire.com/data/tnw/clients/img/81f0763474d0d22ed9883d125b6d907f.png) Click Image To View Full Size

Figure []()6: Cross section +/- 50 metres for drilling on the western extension of the Target 1 resource area, centred on drill hole RE26-013; drill hole RE26-010 and CDH-094 are located approximately 50 metres east.

[](https://www.thenewswire.com/data/tnw/clients/img/e43bb02697a9cf32c67e798ba8a96e5c.png) Click Image To View Full Size

Figure []()7: Long section view of the El Refugio vein looking perpendicular to vein to the northeast

Table []()2: Drill hole collar details included in this announcement

| Hole ID | Easting | Northing | Elevation | Azimuth | Inclination | Depth (m) | | (m) | (m) | (m) | (degrees) | (degrees) | | | | RE26-010 | 288904 | 2823995 | 1186.00 | 190 | -72 | 471 | | RE26-011 | 288649 | 2823971 | 1182.00 | 200 | -70 | 402 | | RE26-012 | 288656 | 2823883 | 1177.00 | 220 | -75 | 369 | | RE26-013 | 288865 | 2823957 | 1202.48 | 195 | -74 | 453 | | RE26-014 | 288546 | 2823911 | 1133.8 | 182.5 | -58.1 | 384 | | RE26-015 | 288644 | 2823972 | 1182 | 170 | -69 | 417 | | LS26-006 | 289691 | 2824111 | 1121 | 150 | -58 | 366 | | LS26-007 | 289691 | 2824111 | 1121 | 173 | -58 | 381 |

Note: Some collar locations may be reported with approximate handheld GPS coordinates, while surveying with differential GPS is pending completion

Table []()3: All drill results reported greater than or equal to 0.1 g/t AuEq

| Hole ID | Sample ID | From

(m) | To

(m) | Interval (m) | Au

(g/t) | Ag

(g/t) | AuEq

(g/t)* | | RE26-010 | 210152 | 394.50 | 395.05 | 0.55 | 0.20 | 3.6 | 0.25 | | RE26-010 | 210153 | 395.05 | 395.70 | 0.65 | 3.38 | 14.6 | 3.59 | | RE26-010 | 210154 | 395.70 | 396.45 | 0.75 | 2.42 | 146.0 | 4.51 | | RE26-010 | 210155 | 396.45 | 396.95 | 0.50 | 0.31 | 19.0 | 0.58 | | RE26-010 | 210156 | 396.95 | 397.90 | 0.95 | 2.83 | 188.0 | 5.52 | | RE26-010 | 210184 | 415.45 | 416.00 | 0.55 | 0.03 | 5.1 | 0.10 | | RE26-010 | 210234 | 464.00 | 466.00 | 2.00 | 0.10 | 4.9 | 0.17 | | RE26-011 | 207553 | 347.70 | 348.55 | 0.85 | 0.08 | 2.5 | 0.11 | | RE26-011 | 207554 | 348.55 | 349.50 | 0.95 | 0.04 | 9.3 | 0.17 | | RE26-011 | 207556 | 350.00 | 350.65 | 0.65 | 0.08 | 4.4 | 0.14 | | RE26-011 | 207557 | 350.65 | 351.15 | 0.50 | 0.17 | 3.8 | 0.23 | | RE26-011 | 207566 | 390.90 | 391.95 | 1.05 | 0.25 | 2.8 | 0.29 | | RE26-011 | 207569 | 393.35 | 394.10 | 0.75 | 0.27 | 1.7 | 0.30 | | RE26-012 | 207610 | 300.40 | 301.65 | 1.25 | 0.08 | 2.0 | 0.11 | | RE26-012 | 207613 | 304.20 | 305.40 | 1.20 | 6.64 | 6.4 | 6.73 | | RE26-012 | 207623 | 316.75 | 317.65 | 0.90 | 2.33 | 5.3 | 2.41 | | RE26-012 | 207624 | 317.65 | 318.40 | 0.75 | 5.55 | 11.9 | 5.72 | | RE26-012 | 207626 | 318.40 | 318.90 | 0.50 | 0.25 | 7.7 | 0.36 | | RE26-012 | 207627 | 318.90 | 319.40 | 0.50 | 0.35 | 5.6 | 0.43 | | RE26-012 | 207628 | 319.40 | 320.15 | 0.75 | 0.11 | 3.9 | 0.16 | | RE26-012 | 207629 | 320.15 | 320.90 | 0.75 | 0.05 | 3.8 | 0.11 | | RE26-012 | 207634 | 322.60 | 323.10 | 0.50 | 0.22 | 2.7 | 0.26 | | RE26-012 | 207636 | 323.80 | 324.30 | 0.50 | 0.44 | 5.4 | 0.51 | | RE26-012 | 207637 | 324.30 | 324.90 | 0.60 | 0.08 | 4.9 | 0.15 | | RE26-012 | 207638 | 324.90 | 325.80 | 0.90 | 0.09 | 4.4 | 0.16 | | RE26-012 | 207639 | 325.80 | 326.30 | 0.50 | 0.32 | 12.2 | 0.50 | | RE26-012 | 207640 | 326.30 | 326.95 | 0.65 | 0.70 | 18.5 | 0.96 | | RE26-012 | 207642 | 327.45 | 327.95 | 0.50 | 0.16 | 2.4 | 0.19 | | RE26-012 | 207643 | 327.95 | 328.45 | 0.50 | 0.17 | 3.9 | 0.22 | | RE26-012 | 207644 | 328.45 | 329.40 | 0.95 | 0.75 | 11.6 | 0.91 | | RE26-013 | 210255 | 375.70 | 376.20 | 0.50 | 2.29 | 242.0 | 5.75 | | RE26-013 | 210256 | 376.20 | 376.80 | 0.60 | 2.93 | 99.2 | 4.35 | | RE26-013 | 210257 | 376.80 | 377.35 | 0.55 | 8.84 | 335.0 | 13.63 | | RE26-013 | 210258 | 377.35 | 378.00 | 0.65 | 2.00 | 110.0 | 3.57 | | RE26-013 | 210259 | 378.00 | 378.50 | 0.50 | 15.25 | 533.0 | 22.86 | | RE26-013 | 210261 | 378.50 | 379.05 | 0.55 | 9.08 | 461.0 | 15.67 | | RE26-013 | 210262 | 379.05 | 379.60 | 0.55 | 6.01 | 348.0 | 10.98 | | RE26-013 | 210263 | 379.60 | 380.10 | 0.50 | 2.73 | 496.0 | 9.82 | | RE26-013 | 210264 | 380.10 | 380.60 | 0.50 | 1.64 | 111.0 | 3.22 | | RE26-013 | 210265 | 380.60 | 381.20 | 0.60 | 0.41 | 71.5 | 1.43 | | RE26-013 | 210266 | 381.20 | 381.80 | 0.60 | 0.12 | 11.4 | 0.28 | | RE26-013 | 210267 | 381.80 | 382.40 | 0.60 | 0.87 | 111.0 | 2.46 | | RE26-013 | 210268 | 382.40 | 382.95 | 0.55 | 1.86 | 117.0 | 3.53 | | RE26-013 | 210274 | 386.90 | 387.60 | 0.70 | 0.03 | 4.9 | 0.10 | | RE26-013 | 210276 | 387.60 | 388.30 | 0.70 | 0.05 | 8.0 | 0.17 | | RE26-013 | 210285 | 425.30 | 425.90 | 0.60 | 0.02 | 5.1 | 0.10 | | RE26-014 | 207687 | 358.80 | 359.35 | 0.55 | 0.02 | 7.9 | 0.13 | | RE26-014 | 207688 | 359.35 | 360.00 | 0.65 | 0.03 | 8.2 | 0.15 | | RE26-014 | 207689 | 360.00 | 362.00 | 2.00 | 0.01 | 6.7 | 0.11 | | RE26-015 | 207711 | 324.00 | 325.25 | 1.25 | 0.08 | 10.7 | 0.23 | | LS26-006 | 210322 | 66.00 | 66.50 | 0.50 | 0.95 | 95.1 | 2.31 | | LS26-006 | 210323 | 66.50 | 67.00 | 0.50 | 1.48 | 203.0 | 4.38 | | LS26-006 | 210326 | 67.50 | 68.00 | 0.50 | 0.06 | 4.8 | 0.13 | | LS26-006 | 210334 | 105.50 | 106.00 | 0.50 | 0.08 | 6.3 | 0.17 | | LS26-006 | 210335 | 106.00 | 106.50 | 0.50 | 0.14 | 3.3 | 0.18 | | LS26-006 | 210337 | 107.10 | 107.75 | 0.65 | 0.06 | 7.0 | 0.16 | | LS26-006 | 210344 | 112.30 | 113.35 | 1.05 | 0.10 | 17.4 | 0.35 | | LS26-006 | 210349 | 115.60 | 116.25 | 0.65 | 0.24 | 12.6 | 0.42 | | LS26-006 | 210351 | 116.25 | 117.55 | 1.30 | 0.06 | 6.4 | 0.15 | | LS26-006 | 210352 | 117.55 | 118.30 | 0.75 | 1.49 | 50.7 | 2.21 | | LS26-006 | 210363 | 127.45 | 128.45 | 1.00 | 0.04 | 4.2 | 0.10 | | LS26-006 | 210367 | 134.40 | 135.40 | 1.00 | 0.05 | 5.9 | 0.14 | | LS26-006 | 210387 | 159.80 | 160.30 | 0.50 | 0.08 | 1.3 | 0.10 | | LS26-006 | 210388 | 160.30 | 160.80 | 0.50 | 0.18 | 3.5 | 0.23 | | LS26-006 | 210389 | 160.80 | 161.30 | 0.50 | 0.10 | 0.5 | 0.10 | | LS26-006 | 210390 | 161.30 | 161.80 | 0.50 | 0.09 | 2.6 | 0.13 | | LS26-006 | 210394 | 165.35 | 166.35 | 1.00 | 0.18 | 5.0 | 0.25 | | LS26-006 | 210401 | 172.35 | 173.85 | 1.50 | 0.09 | 5.7 | 0.17 | | LS26-006 | 210409 | 207.40 | 207.90 | 0.50 | 0.11 | 0.5 | 0.12 | | LS26-006 | 210419 | 259.35 | 260.00 | 0.65 | 0.12 | 0.5 | 0.13 | | LS26-006 | 210432 | 272.60 | 273.60 | 1.00 | 0.32 | 22.8 | 0.64 | | LS26-007 | 210478 | 54.60 | 55.40 | 0.80 | 0.75 | 1.1 | 0.77 | | LS26-007 | 210479 | 55.40 | 56.20 | 0.80 | 0.30 | 2.2 | 0.33 | | LS26-007 | 210483 | 58.20 | 58.75 | 0.55 | 0.95 | 53.7 | 1.71 | | LS26-007 | 210484 | 58.75 | 59.75 | 1.00 | 0.05 | 3.1 | 0.10 | | LS26-007 | 210501 | 81.90 | 83.00 | 1.10 | 0.68 | 21.5 | 0.99 | | LS26-007 | 210502 | 83.00 | 84.00 | 1.00 | 0.87 | 28.3 | 1.28 | | LS26-007 | 210503 | 84.00 | 85.10 | 1.10 | 1.30 | 36.0 | 1.81 | | LS26-007 | 210504 | 85.10 | 85.75 | 0.65 | 0.32 | 14.1 | 0.52 | | LS26-007 | 210505 | 85.75 | 86.35 | 0.60 | 0.56 | 43.7 | 1.18 | | LS26-007 | 210506 | 86.35 | 87.00 | 0.65 | 0.28 | 23.9 | 0.62 | | LS26-007 | 210508 | 88.00 | 88.65 | 0.65 | 0.85 | 19.1 | 1.12 | | LS26-007 | 210509 | 88.65 | 89.45 | 0.80 | 0.15 | 6.5 | 0.24 | | LS26-007 | 210512 | 92.00 | 93.00 | 1.00 | 0.21 | 12.0 | 0.38 | | LS26-007 | 210513 | 93.00 | 93.75 | 0.75 | 0.28 | 2.9 | 0.32 | | LS26-007 | 210514 | 93.75 | 94.40 | 0.65 | 0.05 | 4.1 | 0.11 | | LS26-007 | 210515 | 94.40 | 95.25 | 0.85 | 19.45 | 96.8 | 20.83 | | LS26-007 | 210518 | 98.00 | 99.00 | 1.00 | 0.15 | 1.5 | 0.17 | | LS26-007 | 210521 | 99.75 | 100.25 | 0.50 | 1.70 | 10.8 | 1.85 | | LS26-007 | 210528 | 110.00 | 111.00 | 1.00 | 0.06 | 3.4 | 0.11 | | LS26-007 | 210531 | 112.00 | 113.00 | 1.00 | 0.18 | 8.0 | 0.29 | | LS26-007 | 210536 | 118.00 | 120.00 | 2.00 | 0.28 | 0.5 | 0.29 | | LS26-007 | 210548 | 135.00 | 135.50 | 0.50 | 0.84 | 6.1 | 0.93 | | LS26-007 | 210549 | 135.50 | 136.10 | 0.60 | 0.05 | 4.0 | 0.11 | | LS26-007 | 210551 | 136.10 | 136.80 | 0.70 | 0.07 | 1.8 | 0.10 | | LS26-007 | 210556 | 140.40 | 141.05 | 0.65 | 0.09 | 6.5 | 0.18 | | LS26-007 | 210567 | 150.40 | 151.15 | 0.75 | 0.11 | 3.0 | 0.15 | | LS26-007 | 210599 | 221.90 | 222.55 | 0.65 | 0.12 | 2.0 | 0.15 | | LS26-007 | 210644 | 290.75 | 291.25 | 0.50 | 0.05 | 4.0 | 0.11 | | LS26-007 | 210647 | 293.15 | 294.00 | 0.85 | 2.04 | 5.8 | 2.12 | | LS26-007 | 210660 | 302.75 | 303.25 | 0.50 | 0.09 | 4.7 | 0.16 | | LS26-007 | 210662 | 304.70 | 305.55 | 0.85 | 0.11 | 1.8 | 0.13 |

*See gold equivalent (AuEq) formula in the ABOUT THE COPALQUIN SILVER GOLD PROJECT section

LA DURA PROJECT UPDATE

In December 2025, Mithril secured an exclusive option to acquire 100% of the 2,052-hectare La Dura gold-silver property in Durango, Mexico, approximately 20 km from the Copalquin Project.

The property hosts several historic workings, including the past-producing La Dura Mine. Initial work has included LiDAR and aerial magnetic surveys to advance targeting.

Accordingly, along with the initial payment of US$25K, 50,000 ordinary Mithril shares at A$0.51 per share will be issued to the vendor as part of the initial acquisition consideration and are subject to a four-month hold period.

ABOUT THE COPALQUIN SILVER GOLD PROJECT

The Copalquin mining district is located in Durango State, Mexico and covers an entire mining district of 70km2 containing several dozen historic silver and gold mines and workings, ten of which had notable production. The district is within the Sierra Madre Gold Silver Trend which extends north-south along the western side of Mexico and hosts many gold and silver districts.