Blackrock Silver Corp. reported assay results for its 100% controlled Silver Cloud project located in north-central Nevada along the Northern Nevada Rift trend. The Company completed a core program centered on the Northwest Canyon epithermal vein intercept that encountered 1.52 metres grading 70 g/t gold and 600 g/t silver in its 2022 drill program.

The 2023 drill program consisted of five core holes totaling 1,827 metres. The drilling showed the epithermal vein system has a strike with azimuth of 340 degrees and a dip of 60 degrees to the west. The vein structure shows a much shallower dip than originally thought and drillholes were not in the optimum location for the shallow westerly dip.

Several permitted sites were not drilled as a result. Gold and minor silver mineralization was encountered in drillholes SBC23-025 and -026. These holes were 25-metre and 100-metre step-outs located north from the original high grade bonanza intercept.

While the strike and dip of the vein is better understood, the orientation of the high-grade gold and silver is not. Drillhole SBC23-022 was drilled up dip of the bonanza intercept in SBC22-020. The drillhole confirmed that gold and silver mineralization are within the lower portion of the Silver Cloud rhyolite.

A review of the down-hole geochemical data is being undertaken to determine what may be localizing the precious metal mineralization within the rhyolite lithology. Drillhole SBC23-023 was a 25 metre off-set to the south of SBC22-020. As the orientation has a shallower dip to the west than previously thought, the drillhole passed over the top of the vein and was not a good test of the Northwest Canyon vein system.

Drillhole SBC23-024 was a 25 metre step out to the north of SBC22-020. The drillhole did not encounter the vein within the lower portion of the Silver Cloud rhyolite but did encounter low-grade gold mineralization. Drillholes SBC23-025 and SBC23-026 were re-oriented as the vein strike was better understood from the previous drillholes.

Drillhole SBC23-025 was a 100 metre step out and the inclination was steepened to correct for the new postulation of the vein orientation. The drillhole encountered the vein at 271 metres down the hole and returned 1.22 metres grading 2.15 g/t gold. Drillhole SBC23-026 was re-oriented with a shallower angle to pierce the westerly dipping vein.

The core hole encountered the banded vein at 41 metres and returned up to 2.24 g/t gold. Quality Assurance/Quality Control: All sampling is conducted under the supervision of the Company's project geologists, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The core samples are hauled from the project site to a secure and fenced facility in Battle Mountain, Nevada, where they are loaded onto American Assay Laboratory's (AAL) flat-bed truck and delivered to AAL's facility in Sparks, Nevada.

A sample submittal sheet is delivered to AAL personnel who organize and process the sample intervals pursuant to the Company's instructions. The core and QA/QC samples are crushed and pulverized, then the pulverized material is digested and analyzed for Au using fire assay fusion and an Induced Coupled Plasma (ICP) finish on a 30-gram assay split (FA-PB30-ICP). Silver is determined using five-acid digestion and ICP analysis (ICP-5AM48).

Over limits for gold and silver are determined using a gravimetric finish (GRAVAu30 and GRAVAg30). Data verification of the assay and analytical results are completed to ensure accurate and verifiable results. Blackrock personnel insert a blind prep blank, lab blank or a certified standard approximately every 15th to 20th sample.

Blackrock's exploration activities at Silver Cloud are conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. He has reviewed and approved the contents of this news release.