Significant Lithium Zone Initial Drill Program At Tonopah North

VANCOUVER - Blackrock Silver Corp. reported initial drill results from the scout-drilling program on the Tonopah North project located in West Central Nevada, adjacent to the Company's Tonopah West project along the Walker Lane trend. Blackrock has completed ten reverse circulation drillholes in the Tonopah North project as part of a scout-drilling program to test for the margins of the Tonopah caldera system. Drillholes targeted the ring structure which plays host to silver and gold mineralization on the Tonopah West project located immediately to the south and east; key structural projections from the Tonopah West project; and lithium potential within the Siebert Tuff.

All drillholes penetrated cover rocks known to host lithium deposits in the region including the TLC deposit, which is located within five kilometers of the drilling. A significant zone of lithium-bearing material was intersected. Lithium values up to 852 ppm lithium within a 23-meter thick section of the Siebert Tuff was discovered. The following table summarizes the lithium values above 300 ppm received to date from the drill program.

Andrew Pollard, CEO and President stated, "Though Tonopah is best known for the significant role it played in Nevada coming to be known as the "Silver State", it also happens to be situated on the cusp of the most prolific lithium district in the United States, for which it is currently a hotbed of activity. In our attempt to better understand the placement and geometry of the Tonopah caldera, which is the primary structural control for the Tonopah silver district, initial scout-drilling at our Tonopah North project has encountered significant lithium mineralization in cover rocks. As we await remaining assays, we have expanded the drilling program to try and home in on higher-grade lithium zones. This discovery adds a very interesting new dynamic to the Blackrock story, with both silver and lithium poised to play pivotal roles in the emerging green economy, and we're eager to see where additional drilling takes us."

Drillhole TN22-006 returned the most significant lithium values to date. As a result, four additional drillholes are being planned adjacent to TN22-006 to target for higher grade lithium potential.

Drillholes TN22-007, -008, and -009 were completed in the East-West Pediment target along the interpreted northern margin of the caldera. Results from these drillholes are pending at this time.