Alaska Silver Corp. (TSX-V: WAM) (FSE: MK71) (OTCQX: WAMFF)  is pleased to announce the appointment of Dr. Lance Miller as Technical Advisor to the Company.

Dr. Miller is Vice President of Natural Resources for NANA Regional Corporation, one of Alaska’s 12 Regional Alaska Native Corporations, where he helps lead responsible resource development on behalf of the Iñupiat shareholders. A highly respected mining professional with more than 35 years of experience in Alaska and around the world, Dr. Miller has played a leading role in the state’s mining industry through positions including Chairman of the Alaska Minerals Commission and President of the Resource Development Council. His deep understanding of Alaska’s geology, project development, communities, and stakeholder environment will be invaluable as the Company advances the Illinois Creek project.

The Company also announces that Darwin Green has stepped down from the Technical Committee. Alaska Silver thanks Mr. Green for his years of dedicated service and valuable contributions to the Company and wishes him continued success in his future endeavors.

Kit Marrs, President and CEO of Alaska Silver, stated, “We are pleased to welcome Lance Miller as Technical Advisor. Lance brings decades of exploration and development experience and a proven track record of advancing high-quality mineral projects, and his technical insight will be invaluable as we continue to execute on our growth strategy and create long-term value for our shareholders.

On behalf of the Board and management, I would also like to sincerely thank Darwin Green for his many contributions as a member of our Technical Committee. Darwin’s guidance and expertise have been instrumental in helping advance the Illinois Creek project, and we wish him continued success in his future endeavors. We are grateful for his service and dedication to the Company and its shareholders.”

Dr. Lance Miller stated, “On a recent site visit I was impressed with the extent of the under-explored nature of mineral occurrences across the Illinois Creek district. I look forward to helping advance the project with the exceptional team at Alaska Silver to add value for shareholders and the communities in the region.”

About Alaska Silver

Alaska Silver is a junior exploration company focused on the discovery and development of high-grade silver, gold and critical metals assets within one of North America’s major high-grade silver and critical minerals districts at their Illinois Creek (IC) Project in western Alaska. Illinois Creek is a contiguous, 100%-owned land package totaling 80,895 acres (126.4 square miles or 32,337 hectares) anchored by two resource-level mineralization zones separated by 8 km of high potential exploration ground. At one end lies the high-grade silver mineralization at the Waterpump Creek zone, which hosts an Inferred Mineral Resource of 75 Moz AgEq at a grade of 279 g/t silver, 11.28 % zinc and 9.87% lead^1,2, that remains open to the north and south. At the western end is the historical past-producing Illinois Creek Mine that closed due to low metal prices leaving untouched Indicated Mineral Resources of 260,000 oz gold at 0.92 g/t Au and 8.3 Moz silver at 29.72 g/t Ag, along with Inferred Mineral Resources of 290,000 oz at 0.84 g/t Au and 10.4 Moz silver at 30.11 g/t Ag^2,3. The IC Project is located approximately 38 kilometers from the Yukon River, the region’s primary marine transportation corridor. Headquartered in Alaska and Arizona, Alaska Silver is led by a team with a proven track record of large-scale mine discoveries.

¹For Waterpump Creek, the formulas for AgEq are AgEq (g/t)= Ag (g/t) + 28.56 x Pb(%) + 37.12 x Zn(%) and assume metal prices of US$24/oz Ag, US$1.30/lb Zn, and US$ 1.00/lb Pb.

² Please refer to the NI 43-101 Technical Report titled “Illinois Creek Project, Western Alaska, USA” dated February 25, 2026 (effective date of January 22, 2026).

³ For Illinois Creek, AuEq values are based only on gold and silver values using metal prices of US$3,500/oz Au and US$45/oz Ag.

Qualified Person

Patrick Donnelly P.Geo, a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.