AbraSilver Resource Corp. announced assay results from its latest diamond drill holes from the ongoing Phase III program on the Company's wholly-owned Diablilos property in Salta Province, Argentina. Hole DDH 23-004 encountered the all-time highest-grade silver intercept recorded on the entire Diablilos project to date.

Key takeaways from hole DDH 23-004 include: DDH 23-004 intersected a broad zone of exceptional high-grade silver mineralization in oxides, with 14.0 metres at 3,025 g/t Ag and 0.21 g/t Au starting from a down-hole depth of 136 metres. This represents the best intercept to date on the new JAC Zone on a grade-thickness basis. The hole also intersected the all-time highest- grade silver intercept recorded on the Diablilos project, with 32,481 g/t Ag and 0'.

This oxide-hosted mineralization is located in a band approximately 50 metres north of the main trend of silver mineralisation in the JAC Zone and appears to be in a separate zone of high-grade silver mineralisation. Dril results received so far indicate that there are three distinct, paral el zones of silver mineralisation within the JAC Zone, with the recently intersected ‘north zone' hosting very high-grade silver. Exploration Update: Drilling activity at Diablillos remains focused on the recently discovered JAC zone which is located several hundred metres southwest of the conceptual open pit that constrains the current Mineral Resource estimate (‘MRE') on the main Oculto deposit.

To date, the Company has completed approximately 13,700 metres of drilling, in 69 holes, as part of the 22,000-metre Phase III program. Drilling results to date, combined with interpretation of magnetics, suggest that the new JAC zone remains open in multiple directions. Additional exploration targets, generated by the recently completed detailed ground magnetic survey, have been identified to the southwest of the Oculto MRE.

Some of these targets are expected to be drilled following the systematic drilling of the JAC Zone. At the La Coipita project, drilling is progressing with the hole currently at a down-hole depth of approximately 500 metres. The deep hole, with a planned depth of 1,300 m, is targeting the anticipated higher-grade zone of the porphyry system intercepted in hole DDHC 22-002.