Highest Priority Drill Target In New Area Outside Historic Mines At Ranger-Page Project

VANCOUVER - Silver Valley Metals Corp. announced a new and significant exploration target discovery, the Spring target, outside the areas of known mineralization and historic mines at the Ranger-Page Project, Silver Valley, Idaho.  The highest priority target defined to date at the project and the first target located outside the area of the historic mines on the project. A very large and significant near surface coincident Induced Polarization and Resistivity anomaly measuring 850 meters of strike length and 375 meters of down dip extension from near surface identified. Very importantly, the target is located at the intersection of the geologically significant Government Gulch Fault and Spring Fault. Both faults extend through to the adjacent Bunker Hill property and are regarded as important emplacement structures. These faults intersect on the Ranger-Page project only.

The Spring-Government Gulch fault intersection is analogous to the Page-Curlew fault intersection on the project, which is related to the formation of the historic and top ten historical producer in the District, Page Mine. Zinc, lead, and copper – strong anomalous surface geochemistry results collected on top of the Resistivity and Induced Polarization anomalies and at the intersection of two major faults on the project further validates the future potential of a discovery. Situated approximately 850 meters due south of the Company's Blackhawk mine and 1250 meters southeast of the Company's Page Mine. One of seven high priority large target areas defined from the 2022 exploration campaign all constrained within a relatively small 3km x 2km area.

"We are very pleased to announce the discovery of the new Spring target.  In an area where there had been no previous surface exploration or production, geophysics IP, resistivity and surface geochemical surveys conducted by our field team during the 2022 field season uncovered a significant anomaly which provides us with a very large target in a new zone.

With this excellent exploration opportunity at a key structural intersection, Silver Valley Metals' Spring Target, one of seven on the Ranger-Page project, becomes the Company's highest priority to drill test at the start of Q3, 2023," said, CEO, Brandon Rook.