High-Grade Silver-Gold Hughes Project Drilling Update

VANCOUVER - Summa Silver Corp. CEO, Galen McNamara said, "All holes drilled at the Hughes Project, near Tonopah, Nevada so far have hit their target and our technical team is rapidly advancing the exploration model for the entire project package. We control a dominant land package in this premier historic American high-grade silver district which remarkably remains substantially underexplored. On the Hughes Project, high grade mineralization has been intersected in four target areas over 3.5 km. These zones remain open to expansion, and we are only just beginning to wrap our arms around what's remaining here."

Seven holes have been drilled at the Murray target and one hole has been drilled at the Belmont target. The Murray holes were designed to further investigate grade continuity within the vein-system where previous drilling has defined significant zones of vein-hosted high-grade silver and gold mineralization. The drilled footprint at Murray covers a down-dip extent of over 500 m along the vein-system. Assay results from these holes are pending. The drill rig is currently drilling at the Belmont target investigating the extent of the high-grade core to the complex, multi-vein, stacked system.

The new drill data will be incorporated into an updated geological and structural model for the entire district. A significant effort has recently gone into further digitizing historic underground maps from the early 1900's. These maps have informed the vein and structural model and have led to identification of previously unknown veins and structural offsets. New targets peripheral to areas previously drilled by Summa have been generated and will be investigated in future drill programs.

Geological mapping, prospecting and soil geochemical sampling across recently acquired claims is ongoing. The focus for the geological mapping and prospecting is to refine the lithological and structural model for the district to better define the limits of prospective rock units and associated structural offsets and the breadth outcropping alteration zones.

The soil surveys will focus on silver and gold as well as pathfinder elements known to be associated with Tonopah-style epithermal-related, high-grade silver and gold mineralization hosted in older Mizpah Formation volcanic rocks as well as younger, gold-dominant systems hosted in overlying Siebert Formation and Fraction Volcanics. Samples are being analyzed with a portable Xray fluorescence spectrometer (pXRF) to measure elemental concentrations from prepared sample mounts in the field. Select samples will also be sent to the lab for full multi-element, low-detection geochemical analyses.

Numerous open-ended multi-element soil-geochemical anomalies were previously defined to the northeast of the Belmont Mine. These anomalies are locally associated with strong geophysical anomalies. Follow-up sample grids are being completed northeast of these areas to define the spatial extent of these anomalies as well as over new areas north of the Belmont Mine. Following the completion of the surveys, sample coverage will be property-wide.