Exceptional Intercept At Diablillos Property In Salta Province

TORONTO - AbraSilver Resource Corp. reported results from four diamond drill holes from the Phase II program on the Diablillos property in Salta Province, Argentina. Wide zones of high-grade mineralization were encountered in all four holes.  Hole DDH 22-037 was an in-fill hole drilled vertically in the Tesoro zone and contains the thickest, high-grade silver-gold intercept ever encountered on the Project.  Key takeaways include: Hole DDH 22-037 intersected 155 meters at 289 g/t AgEq (4.1 g/t AuEq – comprised of 185 g/t Ag and 1.48 g/t Au) in oxides starting at a down-hole depth of only 71 meters The hole included a 30 meter interval grading 609 g/t AgEq (8.70 g/t AuEq – comprised of 238 g/t Ag 5.30 g/t Au); and Hole DDH 22-026 was a step-out hole in the Oculto NorthEast zone, located well beyond the conceptual open pit boundary, and intersected several zones of high-grade gold mineralization, including 37.5 meters at 187 g/t AgEq (2.7 g/t AuEq– comprised of 2.56 g/t Au and 8 g/t Ag)

John Miniotis, President and CEO, said, “Over the past month alone, we have announced two holes from our Tesoro zone for which the mineralized intercepts rank among the best in the world over the past two years, in addition to discovering a brand new zone in the Southwest located over 500 meters beyond the conceptual open pit boundary.  By all measures, our 20,000-meter Phase II program has been a resounding success, which we expect will result in a significant increase in the Mineral Resource estimate to be announced later this year”.