Blackrock Silver Corp.

Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) is an American-focused emerging primary silver developer systematically advancing the Tonopah West Project, situated in Nevada, USA. One of the highest-grade and lowest-cost primary silver projects in development globally amongst industry peers. The company is committed to establishing a secure, high-margin, domestic supply of silver and gold in the United States of America. The project hosts a current silver-gold resource exceeding 100 million silver-equivalent ounces, comprised of an Indicated resource of 40.1M oz AgEq at a block diluted grade of 454 g/t AgEq and an Inferred resource of 82.9M oz AgEq at a block diluted grade of 465 g/t AgEq, making this one of the highest-grade silver projects in development globally. A 2026 Updated Preliminary Economic Assessment (PEA) highlights the project’s robust potential, featuring an average annual production of 7.1 million ounces AgEq at an All-In Sustaining Cost (AISC) of $17.44 per ounce, representing one of the lowest-cost primary silver projects in the industry. The Company is backstopped by a veteran board and technical team with a proven track record of discovering, financing, and building major precious metal mines in Nevada and globally, and is committed to establishing a secure, high-margin, domestic supply of silver and gold within the prolific Walker Lane trend.

Management Profile:
Andrew Pollard, President & CEO. Andrew Pollard is a company builder with nearly two decades of experience in the mining industry. Since joining Blackrock as President & CEO in 2019, he has overseen the generation, discovery, and rapid advancement of the Tonopah West project, raising more than $100M to drive its growth. Drawing on his extensive network across mining and finance, he assembled a tier-one team that has drilled over 150,000 metres, advancing Tonopah West from discovery to PEA in just four years, establishing it as one of the leading silver development assets globally.

What are your key goals for the next 3 months?:
Continue executing the fully funded 17,000-metre resource expansion and exploration drill program at Tonopah West, including testing the 800-metre step-out target to define the broader scale of the mineralized system. Deliver a steady pipeline of exploration results and technical updates to demonstrate continued resource growth and district-scale potential. Advance engineering, metallurgical, permitting and environmental studies to further de-risk the project and support the next stage of development. Continue engagement with institutional investors globally to expand Blackrock Silver's international shareholder base and increase awareness of the Company's investment opportunity. Maintain the Company's strong financial position while advancing Tonopah West toward a targeted development decision in late 2027.

What are your key goals for the next 6 months?:
Continue executing the fully funded 17,000-metre resource expansion and exploration drill program at Tonopah West, including testing the 800-metre step-out target to define the broader scale of the mineralized system. Deliver a steady pipeline of exploration results and technical updates to demonstrate continued resource growth and district-scale potential. Advance engineering, metallurgical, permitting and environmental studies to further de-risk the project and support the next stage of development. Continue engagement with institutional investors globally to expand Blackrock Silver's international shareholder base and increase awareness of the Company's investment opportunity. Maintain the Company's strong financial position while advancing Tonopah West toward a targeted development decision in late 2027.

What are your key goals for the next 12 months?:
Advance the Tonopah West Project through key permitting milestones, with the objective of achieving meaningful regulatory progress that further de-risks the project and supports the path toward development. Continue execution of the 17,000-metre resource expansion and exploration drill program, with the potential to further grow the mineralized system and enhance the scale of this high-grade silver-gold asset. Advance engineering, technical studies and project optimization activities in preparation for future development milestones, including the planned exploration decline, underground drilling, test mining and bulk sampling program targeted for late 2027 to early 2028. Deliver continued technical and permitting catalysts that demonstrate the project's transition from exploration success toward a fully de-risked development opportunity. Expand global institutional awareness of Blackrock Silver's investment opportunity and continue building a broader international shareholder base.

What do you think makes your company such a compelling investment?:
The Tonopah West Project is one of the highest grade primary silver development assets in the world located in Nevada which is consistently ranked the #1 mining jurisdiction globally by the Fraser Institute. We have found and defined a high-grade resource exceeding 100 million silver-equivalent ounces at block-diluted grades of over 450 g/t silver-equivalent. We are situated on private, patented land. This offers us a fast-tracked and streamlined permitting process involving only State and County agencies. This is a massive competitive advantage now that the U.S. government has officially designated silver as a Critical and Strategic Mineral. An updated Preliminary Economic Assessment using conservative base case of US$31 silver and US$2,700 gold, delivered a robust after-tax NPV of US$437 million and a 28% IRR over an 11-year mine life. Ensuring resilience through any market cycle. But the real excitement is the leverage. If you look at the 1-year analyst consensus of US$66 silver and US$4,500 gold, our after-tax NPV is US$1.55 billion with a 79% IRR and a 1.4-year payback. We are offering investors a de-risked foundation with massive exposure and upside to the silver-gold market. With a 17,000-metre resource expansion and exploration drill program underway including an 800 meter step out that will help define the overall size of the Tonopah West deposit, news flow and catalysts will be plenty for 2026 into 2027. Advance engineering, technical studies and project optimization activities in preparation for future development milestones, including the planned exploration decline, underground drilling, test mining and bulk sampling program targeted for late 2027 to early 2028.