IMPACT Silver Corp. (TSX-V: IPT) (OTCQB: ISVLF) (FSE: IKL) is pleased to announce results from its initial underground drill program in the Santo Domingo Zone at its Plomosas zinc (lead-silver) Mine in northern Mexico.

SANTO DOMINGO ZONE DRILLING

First IMPACT drill intersections from the Santo Domingo Zone of the Plomosas Mine are as follows:

*Zinc Equivalent (ZnEq) is calculated using recent metal prices of US$1.21/lb Zn, US$0.88/lb Pb and US$38.07/oz Ag, and metal recoveries of 88.9% Zn, 77.3% Pb, and 71.3% Ag based on recent Plomosas production mill recoveries. Metal equivalence values allow for easier comparison of mineral zones with multiple metals reporting.

True width estimates are interpreted from current geological models. These Santo Domingo drill holes are located north of IMPACT’s active mine workings in the Plomosas Mine (see Figures 2&3). All these Santo Domingo drill intersections lie outside the JORC mineral resource blocks published by the previous operator (see IMPACT news release dated April 3, 2023 for details). Santo Domingo Zone mineralization remains open for exploration and drilling is continuing.

CEO STATEMENT

President and CEO Frederick Davidson commented, “Finding high-grade mineralization on this extension of the Santo Domingo Zone beyond the mine workings, adds yet more upside to the Plomosas Mine. Before this drilling, this area had not figured into our mining plans but with the zone located close to our active mine workings at Plomosas, it represents another area where we can quickly add high-grade production. Drilling is continuing with the aim to define additional resources on multiple zones at Plomosas.”

PLOMOSAS MINE GEOLOGY AND MINERALIZATION

The Plomosas mine, a historic high-grade zinc producer in northern Mexico (Figure 1), was acquired in 2023 by the Company. Recent drill programs have been undertaken on extensions of active mine areas in the Tres Amigos area and nearby in the Juarez and Santo Domingo areas, where drilling continues (see Figure 2). Mineralization at the Plomosas mine occurs as zinc-rich Carbonate Replacement zones in three bedrock units – the Mina Vieja marble (Tres Amigos Zone), the Juarez limestone (Juarez Zone) and in carbonate layers within the Cuesta Shale (Santo Domingo Zone) – where structural ground preparation along these units accommodated concentrations of zinc, lead, and silver (see Figure 3).

ABOUT IMPACT SILVER

IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

• Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km² Zacualpan project in central Mexico where four producing underground silver 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 oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than $284 million, with no long-term debt.

• Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. In late 2023, the Company restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along the 6 km-long 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 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 Plomosas 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 Chihuahua, 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). ALS is an independent, international ISO/IEC 17025 accredited laboratory.

Qualified Person and NI 43-101 Disclosure

Silvia Kohler, P. Geo., a Senior Geologist employed by IMPACT Silver Corp. and a “Qualified Person” within the meaning of NI-43101, has approved the technical information contained in this news release.

Figure 1: Location map of Plomosas Mine and nearby mines and infrastructure. References to nearby projects are for information purposes only and there are no assurances that Plomosas will achieve similar results.

Figure 2: Plan map of the Plomosas Mine workings.

Figure 3: Schematic cross section of the Santo Domingo Zone geology and mineralization showing new drill intersections