Abrasilver Intersects New High-Grade Feeder Structure in Southwest Zone At Diablillos; 871 G/T Ageq over 27m, and 522 G/T Ageq over 36m

AbraSilver Resource Corp. announced the discovery of a new high-grade feeder structure at the recently discovered Southwest zone (JAC target), located several hundred metres beyond the current Mineral Resource estimate on the main Oculto deposit at the Company's Diablillos project ("Diablillos" or the "Project"). Hole DDH 22-067 encountered the highest-grade intercept to date, on a silver-equivalent basis, at the JAC target, with 871 g/t AgEq over 27m in sulphide mineralization.

That interval is located immediately beneath a further high-grade oxide intercept grading 522 g/t AgEq over 36m. Systematic grid drilling, at 25 and 50 metre spacing, of the JAC target continues to progress rapidly. To date, assay results have been announced for a total of 19 holes in the JAC target, with all holes returning silver mineralization at reasonably shallow depths.

The limits of the JAC mineralised zone have yet to be found and drilling is continuing to determine the length and width of the JAC target. A total of 43 holes have now been drilled in this new zone, with assays pending for 24 holes. The JAC target was discovered by drilling a linear magnetic anomaly interpreted, correctly, as resulting from the introduction of mineralizing hydrothermal fluids.

A new detailed ground magnetic survey was recently completed by geophysical consultants, Quantec Geoscience Ltd. The figure below shows the reduced to pole magnetic character of the Oculto area with numerous low magnetic signature zones in the west and southwest portion of the plan marked in blue, including the JAC Zone which is the current drill target. The low magnetic zones follow a conjugate set of linears, with the JAC Zone on a marked east-northeast trending structure and other potential targets on west-northwest structures, including the Fantasma target. In addition to the completion of grid drilling at the JAC target to outline an initial Mineral Resource estimate, reconnaissance drilling is planned on other target areas to the west of Oculto, including Fantasma, Alpaca and other targets.