New Mining Claims At High-Grade Mogollon Silver Project

VANCOUVER - Summa Silver Corp. has staked a large package of contiguous mining claims at its high-grade Mogollon Project near Silver City, New Mexico. The newly staked claims are contiguous with the Mogollon Project and are located to the north and west of the Consolidated Extension target. Project Size Increased Substantially: The Mogollon Project now covers 3,886 acres, a nearly 65% expansion over the previous 2,382 acres. The new claims cover prospective extensions of several historically producing high-grade silver-gold veins. Even though numerous prospect pits and trenches are known to exist, no modern exploration has ever been completed on the new claims. With drilling at the Hughes Project, Nevada now complete for the year, the Company is preparing to resume drilling at the Mogollon Project in September. All 6 holes drilled to date by the Company at the Mogollon Project have intersected high-grade silver-gold mineralization, such as 31.0 m at 448 g/t silver equivalent(129 g/t Ag, 3.88 g/t Au) in MOG22-051; and 11.6 m at 429 g/t silver equivalent (220 g/t Ag, 2.70 g/t Au) in MOG22-042.

Galen McNamara, CEO, stated, "Although the Mogollon mining district remains underappreciated, we think it has good potential to develop into a classic American mining district. Within that context, acquiring mineral rights to more land via inexpensive claim staking was an easy decision, particularly given that the new claims are known to have a number of prospect trenches and remain completely unexplored by modern methods."