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Mithril Silver and Gold Limited (“Mithril” or “the Company”) (MTH:ASX, MSG:TSXV) announces drill results for the Target 1 resource expansion programme at its Copalquin District project, Mexico.

John Skeet, Mithril’s Managing Director and CEO commented:

“Drilling at La Soledad in the Target 1 resource area continues to intercept multiple high-grade silver-gold veins with grades higher than the average Target 1 mineral resource estimate (MRE) published in November 2021 (NI43-101 in August 2024).  Further drill holes are scheduled in the Target 1 area at Refugio and Refugio West ahead of an update of the Target 1 resource.  In April 2025, the second drill will commence the first ever holes at the Target 2 area where the 2024 LiDAR interpretation revealed a breccia pipe at the El Peru workings plus extensive historic surface workings in the area.  We are on target to complete 35,000 metres of drilling throughout 2025 in an expansive program to test multiple targets and demonstrate our Copalquin District property as a major high-grade silver and gold district in Mexico’s famed Sierra Madre Trend.”