Significant Increase In Project Size At High-Grade Silver-Gold Mogollon Project

VANCOUVER - Summa Silver Corp. has acquired an additional 3,985 acres of mineral rights at its high-grade silver-gold Mogollon Project near Silver City, New Mexico. Key Highlights: 1) Northern Extension of the Mogollon District: A contiguous block of 200 unpatented mining claims was staked north of the Mogollon Project boundary covering unexplored multi-kilometer extensions of the Queen Vein, Great Western Vein and others 2) Acquisition of the Deadwood Mine: Two patented mining claims were purchased covering the strongly mineralized and largely unexplored historic Deadwood Mine on the Queen Vein two kilometers south of the Consolidated Mine. 3) Project Size Significantly Increased: The Mogollon Project now covers 7,730 acres of mineral rights in private and federally administered lands, a 106% expansion over the previous 3,745 acres. 4) Multiple Targets are Unexplored: None of the new areas have seen meaningful exploration activity and represent significant new discovery opportunities. 5) Drilling is Ongoing at the Hughes Project, Nevada: A diamond drill rig is currently in operation at the Company's Hughes Project, testing targets which may represent the eastern extension of the historic Tonopah mining district. 6) Well Financed: The Company remains well financed with $9.5M in working capital.

Galen McNamara, CEO, stated: "Given our strong belief that the Mogollon Project could be one of the great precious metal-rich vein fields left remaining in the United States, increasing the size of the project largely through inexpensive claim staking was a key step for us. To the north, new veins and vein-extensions have already been identified that are marked by the presence of historic prospect pits, portals and shafts. These historic workings have long been forgotten and are likely well over a century old. To the south at the historic Deadwood Mine, the Company has acquired historic data showing zones of strong mineralization in the old mine workings that we are currently digitizing."