Kuya Silver Corporation present an update on drilling at the Silver Kings Project, Canada. Drilling at the Silver Kings Project is following up on the Campbell-Crawford target, where early 2023 grassroots drilling intersected significant silver and cobalt mineralization (15,372 g/t silver, 0.08% cobalt over 3.34 m), both with uses in renewable energy. Drill Program Highlights: A diamond drill is now mobilized to site to start work at the Campbell-Crawford area, greater Kerr Lake area.

The primary drill target is the Angus Vein (March 2023 grassroots discovery of 15,372 g/t silver), which will be tested at depth along the lower Nipissing Diabase contact where mining was historically focused in the Cobalt mining camp. Drilling will test the lateral extent of this discovery vein, with a target zone over 175 m in length in this vein alone, based on recent surface mapping. Secondary drill targets include the nearby and untested McNamara and Clark veins, with similar surface characteristics and orientations to the Angus Vein, and with similar mineralized potential at depth.

Combined, these three veins are exposed in a comparable location, surface area and buried target zone to several major, historic silver minesites in the Cobalt area, such as 21.6 million ounce Deerhorn Mine (750 m to northeast; Sergiades 1968). Other targets, including Mary Ann, Juno, and newly-uncovered silver-cobalt mineralization at Silver Centre, may also be tested in this drill program. Follow-up drilling at Canadian Campbell-Crawford target is set to test the vertical and lateral extent of the grassroots Angus Vein discovery at depth in the ideal silver-cobalt mineralized zone.

The also exposed two other nearby veins on surface with similar untested silver-cobalt potential at depth and all three of these veins are in close proximity and on a similar scale to major historic mines in Cobalt. Although the company have focused a great deal of effort this year at Silver Kings Project, the company intend to discuss work progress at Bethania Project in the upcoming weeks. Silver Kings Drill Program.

Preparations for this current drill program (announced July 25, 2023) are largely complete and a diamond drill has now been mobilized to site. The primary target for this work is the grassroots Angus Vein discovery At the Campbell-Crawford targets area, initially drilled by Kuya Silver in March 2023. In subsequent stripping and trenching work, the Angus Vein was exposed on surface for >175 m along trend.

Based on surface and drilling work, there is potential for a buried silver-cobalt mineralizing panel in this ideal zone >175 m laterally (>575 ft) on the main Angus Vein alone following the vein exposed at surface; this zone is the first priority and is set to be drill tested both vertically and along trend in this work program. The McNamara and Clark veins (Campbell-Crawford and neighboring Airgiod properties), have comparable mineralogy, vein textures, widths and orientations to the AngusVein on surface, and are set as second priority drill targets. The surface area and vein extent of the Campbell-Crawford and Airgiod target areas match well with major historic mines in the Cobalt mining camp, many of which were divided by historic property ownership only.

Kuya Silver personnel have also identified other target areas, including recently stripped areas at Frontier NW in Silver Centre, Juno and Mary Ann with further potential for economic mineralization following a similar exploration model to the Angus Vein discovery. Three new tightly spaced, mineralized veins were stripped and exposed on surface at the Frontier NW target, Silver Centre, with channel sampling assays pending. The Juno target is a small, near-surface, past-producing minesite, but, similar to the Angus Vein at the Campbell-Crawf target, has never been tested at depth below the Nipissing Diabase sill.

The Mary Ann target was drilled in the 1960s with no follow-up work. The Mary Ann target was drilling.