Silver Wolf Exploration Ltd. announced that it has received assay results from the one hundred and fifty-five (155) grab samples collected during the on-going surface sample program at the Ana Maria Property in Durango, Mexico. These rock samples yield several high-grade results, with values up to 1,536 g/t of silver, 34.0% lead and 19.4% zinc. The grades are consistent with previous rock samples taken and demonstrate that a mineralized trend can be readily identified, extending over 1 kilometre. The grade contours shown below capture all the geochemical samples taken to date at the southern Ana Maria claim and showcase clear geochemical anomalies which are being investigated in conjunction with other exploratory techniques including geologic fieldwork, geophysical surveying and remote sensing approaches.

The southern Ana Maria claim is hosted by the Cretaceous Aurora limestone formation. The geological team has been mapping the hydrothermal alteration assemblages and zoning patterns around showings and prospects of known CRD mineralization. Based on the updated and extended sample database of 808 rock samples it is observed that Ag-Pb-Zn mineralization has a preferred linear orientation along a NW-SE trend.

Mineralization is hosted in recrystallized limestone associated with a system of mantos and breccias with thicknesses ranging from 15 to 50 cm, and the presence of fine-grained black sulfides. Mineralized breccias contain sulfide clasts of 0.5 to 1 cm size with presence of abundant calcite veins and oxides such as hematite and jarosite. Common hydrothermal minerals also include calcite, siderite, manganese, and quartz.

The orientation of mineralized breccia bodies is controlled by NW-SE and NE-SW structures with inclinations ranging from 55° to 75°. The folding of the limestone units is interpreted to control location of mineralization and is currently being investigated as a targeting method. Silver Wolf has been following a structured approach to exploration, as laid out in the NI 43-101 Technical Report, which is filed on SEDAR, and consists of field mapping, sampling, LIDAR and hyperspectral imaging and electromagnetic geophysical surveying.

The Silver Wolf team is interpreting the data to finalize the drill targets planned for 2022/2023. Silver Wolf has updated the contour maps for silver, lead and zinc with the new assay data. These maps show the grade intensity and of the respective element being mapped.

The grade contours represent anomalies that, when combined with the anomalies generated in the geophysical and remote sensing surveys, will provide a basis for prioritizing drill targets.