Kuya Silver Corporation present the first assay results from a diamond drilling program at the grassroots Campbell-Crawford target area, at its wholly-owned Silver Kings Project, where drilling in March 2023 intersected high-grade silver in a new grassroots vein structure. Results from holes 23-SK-14 to -26 are presented; in total, 18 oriented NQ drill holes were completed (23-SK-14 to -31) for a combined total of 5,834 m in this program. With additional diamond drilling performed in this target area, Kuya Silver is identifying a cluster of mineralized veins in proximity to the Angus Vein discovery, often in intersecting orientations, which is similar and comparable to other major historical mines in the Cobalt camp.

Drilling at the Campbell-Crawford target area has successfully identified at least six steeply-dipping silver- cobalt mineralized veins with significant lateral and vertical extent at depth, as well as a variety of secondary mineralized veins. The veins cut both the basal Archean volcano-sedimentary rocks and the overlying Nipissing Diabase sill (exposed on surface to 200+ m depth), but the mineralization increases dramatically below this rock contact. These steep silver-cobalt veins include the previously- recognized E-W trending Angus and McNamara veins, as well as four newly-identified NW-SE trending veins, including the Toms, Jones 1, Jones 2 and Jones 3 veins.

A significant number of secondary mineralized veins, typically drilled near flexures or intersections of the major veins, were also intersected. High-grade silver and cobalt mineralization is largely restricted to the mineralized veins, but minor haloed intervals can also occur in the surrounding wall rock. Based on the initial six drill holes from the early 2023 drill program (23-SK-07 to -13), mineralization was interpreted to follow the shallowly-dipping lower diabase contact; further drilling now shows that mineralization plunges steeply in both E-W and NW-SE veins.

Currently, high-grade zones are known near vein intersections and in vein flexures, only one of which has now been properly tested, and the basal Archean rock geometry also likely affects veining. Historically, in the Cobalt mining camp, clusters of closely-spaced mineralized vein structures with different orientations have the potential to host larger (i.e. >5 million ounce silver plus cobalt) deposits. The basal Archean rocks, located beneath the Nipissing Diabase sheet, consist of mafic volcanic, volcaniclastic, interflow sedimentary, and felsic intrusive rocks.

The sedimentary rocks, which are traceable between drillholes, are highly enriched in base metal sulphides, and mineralized silver-cobalt veins are clearly influenced by these interflow sulphide zones. The sulphides, which locally grade up to several percent copper, lead and/or zinc, are also locally enriched in arsenic, silver and cobalt. The silver- cobalt veins frequently cut these interflow sedimentary rocks, but the relationship between the veins and sulphidized sedimentary rocks remains unclear.

The 2023 Phase 2 drill program was divided into several stages of work. Early drill holes (23-SK-14 to -20) were designed as step-out drill holes to the original major drilling intersections in order to test vein continuity. The first drill hole in the program, 23-SK-14, used the same pad as hole 23-SK-13, but the hole was drilled more shallowly.

Drilling step-outs were designed to be on 25 m centers, both to the east and the west of this original pad, and multiple holes per pad were drilled with different dips. Later drill holes (23-SK-21 to -29) were designed to test vein intersections in progressively more detail. Hole 23-SK-30 was designed to test beneath Cyril Lake (Figure 1), an interpreted fault valley, and hole 23-SK-31, originally designed as a wedged hole from 23-SK-08, had to be drilled as an infill hole from surface when the wedge failed and jammed in hole 23-SK-08.

A summary of drilling, including drill targets and results, is presented in Table 2 and drill hole coordinates and orientations are presented in Table 3. In the late stages of the drilling program, a borehole optical televiewer was used in five drill holes (23-SK- 08, -18, -19, -29 and -31) to establish and/or verify vein orientations from the oriented drill core program. This work was performed by DGI Geoscience Inc. based in Toronto, Ontario. Currently, data from two drill holes (23-SK-08 and -19) has been returned.