IMPACT Silver Corp. (TSX-V: IPT) (OTCQB: ISVLF) (FSE: IKL) is pleased to announce new drill results on the north extension of the Carlos Pacheco Vein System at its producing Noche Buena silver-gold mine located 4km southwest of its Guadalupe mill in the Royal Mines of Zacualpan District, Mexico.

CARLOS PACHECO VEIN NORTH EXTENSION DRILL RESULTS

Surface drilling intersected significant mineralization on the Carlos Pacheco Veins north extension as follows:

TABLE 1: CARLOS PACHECO VEIN DRILL RESULTS

Surface drill results reported in this news release are additional holes on the north extension of the Carlos Pacheco Vein and its splay veins for 150m north of the active mine workings where IMPACT recently announced high-grade intersections including 114.5 g/t gold, 1,295 g/t silver and 1.10% copper over 0.61m within 9.79 g/t gold, 212 g/t silver and 0.29% copper over 9.49m (see IMPACT news release dated April 21, 2026). This 150m well mineralized segment trends NNW. Beyond that the vein bends toward a NW direction where three drill holes (Z25-13, 14, 15) did not intersect any significant mineralization. However, further north beyond drill hole Z25-15, drill hole Z26-02 intersected significant assays (see IMPACT news release dated April 21, 2026) and additional drilling is planned. For a plan view of the Carlos Pacheco Vein System and drill hole collar locations and traces, see image below.

NOCHE BUENA MINE

In late 2025, IMPACT restarted the Noche Buena Mine where previous mining sourced mineral from two veins – the Noche Buena silver vein and the Carlos Pacheco gold-silver vein – and began mapping and drilling of the north extensions of the Carlos Pacheco Vein. Current production is from the Carlos Pacheco Vein System.

CEO STATEMENT

President and CEO Fred Davidson commented, “These new additional drill results, confirm high-grade gold and silver on the extension of the Carlos Pacheco Vein System north of where we recently restarted mining. This mine has two different veins, the Noche Buena Vein from which we mine silver and the nearby Carlos Pacheco Vein System where we have begun to mine gold as well as silver. Being so close to our existing mining infrastructure, these high-grade intersections should begin to be reflected in our mine production later this year.”

ABOUT IMPACT SILVER

IMPACT Silver Corp. is a successful producer-explorer with two projects in Mexico.

• Royal Mines of Zacualpan Silver-Gold Mine: IMPACT owns 100% of over 200 km2 of highly prospective ground at Zacualpan in central Mexico where four producing underground silver-gold mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million ounces silver, 48 million lbs zinc and 21 million lbs lead in 1,786,000 tonnes grading 79g/t Ag, 1.22% Zn and 0.54% Pb (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations. Over the past 20 years, IMPACT has developed multiple exploration zones into commercial production and has produced approximately 14 million ounces of silver, generating revenue of more than $322 million, with no long-term debt.

• Plomosas Zinc Project: Plomosas is a high-grade zinc project in northern Mexico with exploration upside potential. In March 2026, the Company temporarily suspended mining operations at Plomosas while it works toward a more efficient and sustainable operating plan. Exploration potential at Plomosas lies along a long 6 km structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

Quality Control/Quality Assurance

Drill core was NTW size (5.71 cm diameter). Half core samples were collected with a rock saw and tagged for identification. All samples were securely stored at the Zacualpan Mine until shipment. A total of 5% certified assay standards and 5% blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2 mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay. These pulps were shipped to the ALS laboratory in North Vancouver, Canada, where a 10 gram split was aqua regia digested and then analyzed for 36 elements including zinc, lead and silver by ICP-AES spectrometry (ALS code ME-ICP41). Assays for base metals >1% used an overlimit ICP-AES method (ALS code OG46). All gold results were carried out by standard fire assay with an AAS finish (ALS code Au-AA23). ALS is a major, independent, international ISO/IEC 17025 accredited laboratory.

Qualified Person and NI 43-101 Disclosure

Victor Jaramillo, P. Geo., an independent Senior Consulting Geologist retained by IMPACT Silver Corp. and a “Qualified Person” within the meaning of NI 43-101, approved the technical information contained in this news release.