Blackrock Silver Corp. update the market on its two, 100% controlled high-grade silver-gold projects in Nevada. The Tonopah West project located within the Walker Lane trend in west central Nevada, and the Silver Cloud project located along the prolific Northern Nevada Rift in north central Nevada.

At the Tonopah West project, Blackrock has used the time between drill programs to update and incorporate all 2022 drill information into its geologic model. The new model includes Blackrock's NW Step Out drilling which is located one kilometre northwest of the DPB resource and increases the strike length of the vein system to over three kilometres. The new model is now ready and will form the basis for an updated resource estimate which will be completed in the second half of this year.

Based on the geologic model, the NW Step Out area is projected to add additional tonnes to the updated resource while keeping a similar grade profile. In addition, the Company is using the updated geologic model to plan its next drill program which will infill the NW Step Out area to the main resources at Victor and DPB. The core drill has arrived and drilling is now underway at Silver Cloud for this fully-funded program.

Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.