Intersections Of High-Grade Silver Continued At Brimstone

WINNEMUCCA, NV - Hycroft Mining Holding Corporation reported on the exploration drill program at the Hycroft Mine, located in Nevada.

Alex Davidson, Vice President, Exploration, said, "The objective of the 2024 drill program in Brimstone is to improve continuity within the high-grade and define the structural framework to drive down-dip targeting of the un-drilled Brimstone trend.  Geochemistry, structural, assay, and geological data collected from this year's drill program has greatly refined the understanding and targeting strategy to extend the Brimstone trend.  Information from drilling in conjunction with petrography work completed earlier in 2024 indicates at least three different overlapping high-grade mineralizing events within this trend that are likely derived from a magmatic source.  Targeting for 2024 has shown success by stepping out from defined zones of mineralization while continually defining the geometry of the high-grade trend. The spectacular results in core hole H24D-6010 (18 meters of 1,987.35 g/t Ag) establishes continuity of the high-grade silver dominant trend as it was drilled approximately 45 meters from high-grade mineralization intersected in recent drill holes.  Holes 6003 and 6009 extends Brimstone down-dip. Core hole H24D-6004 crossed a previously unrecognized intrusive, which the results from this hole contain a higher gold to silver ratio opening yet another target."

Diane Garrett, President and CEO commented, "We continue to be extremely pleased with the results from the 2024 drill program. The results from Brimstone continue to deliver extremely high grades of silver in well-defined veins with continuity.  Vortex is similarly delivering high-grade silver, and we are beginning to see higher gold values as we drill deeper.    As we work to complete the engineering and economic studies, the objective of the 2024 drill program is to add high-grade mining opportunities in the early years of the project that could potentially be accessed in an open-pit or underground or combination open-pit and underground operation. I want to personally thank the technical team for their outstanding work in identifying these two new high-grade trends that are adding significant value to an already world class asset."