Launch Of Permitting Initiatives For Tonopah West Project

VANCOUVER - Blackrock Silver Corp. has selected Westland Engineering and Environmental Services Inc. to guide the Company through the permitting process with the aim of receiving the necessary permits to develop an exploration decline, complete test mining and extract a bulk sample from the Tonopah West project located on private land in Nye and Esmeralda counties, Nevada, United States.

Situated on private land, patented claims and fee lands, adjacent to the town of Tonopah, the Company's Preliminary Economic Assessment (PEA) on Tonopah West indicates the potential for it to be one of the top American silver producers, with the potential to jog domestic production by up to 15% annually. With the project development residing on patented mining claims, it offers an opportunity for the Company to fast-track the required federal, state and county permits to allow the Company to proceed with de-risking of the Project by breaking ground on an underground platform for access, development, and ultimately, mining.

Andrew Pollard, President and Chief Executive Officer, said, "The launch of permitting initiatives marks a major milestone for the Company-just four years after our initial discovery-as we advance toward our goal of becoming one of America's leading domestic silver producers. Our environmental consultants will oversee critical baseline data collection, while our team finalizes engineering designs. Our objective is to receive the necessary approvals and permits to break ground on an exploration decline in 2027. In parallel, we've expanded our drilling programs by an additional 15,000 metres, positioning us to release a mineral resource update in Q3 2025. This update will incorporate results from our M&I Conversion Program, aimed at de-risking ounces and maximizing economic potential in the early years of anticipated production at Tonopah West as outlined in the PEA. Furthermore, an updated preliminary economic assessment on Tonopah West is expected by Q2 2026, incorporating an additional mineral resource update from the Resource Expansion Program, which is designed to extend mine life and maximize capital investment."