Multiple Undrilled High-Grade Veins Sampled At Mogollon

VANCOUVER - Galen McNamara, CEO of Summa Silver Corp., said “"We expect 2022 to be transformative for the Company. Extensive drill programs are required on both properties as we aggressively push towards mineral resource estimates. As this process moves forward, we also expect to regularly release results from up to 75 holes, all of which are planned to test zones of known high-grade mineralization on either an extension or infill basis. Additionally, the presence of high-grade at surface in numerous veins validates the high potential of the Mogollon property. In the bigger picture, the current drilling area at the Consolidated Extension target represents only a small part of the story here. As exploration and drilling advance, we will soon find out if Mogollon is one of the great vein fields left in the United States."

The 2,467-acre Mogollon Property is located in the historically prolific Mogollon mining district of southwest New Mexico, approximately 120 km north of Silver City. Numerous underground workings have exploited high-grade gold and silver veins from three primary mines: Fanney, Last Chance and Consolidated. Mining ceased in 1942 and the district has since been largely inactive other than a few exploration drill programs in the 1980s and in 2010: totaling 15,600 m. The property hosts approximately 34 km of near-continuous epithermal-associated veins and faults where only 0.5 km of that veining is currently being drill tested. The Company believes that the Mogollon Property therefore offers a unique opportunity to build high-grade ounces near historic past-production while systematically exploring for new discoveries using modern techniques.