Stuhini Exploration Ltd. announced the discovery of additional high-grade silver mineralization at the Silver Surprise Target ("Silver Surprise"), and a new high-grade showing at the Daybreak Target ("Daybreak") on its Ruby Creek Project. The Silver Surprise and Daybreak Targets are approximately 7 kilometres ("km") and 5 km northeast of the historic Ruby Creek molybdenum deposit. Three mineralized structures were found within approximately 200 metres (m) of the silver-bearing quartz vein identified in a 2020 sample which assayed up to 14,179 grams/tonne silver ("g/t Ag") and 1.49 g/t gold ("Au").

57 rock samples collected with assay results up to 16,030 g/t Ag. 17 of the samples graded over 1,000 g/t Ag with 10 samples grading over 5,000 g/t Ag. The high-grade silver-bearing quartz vein discovered in 2020 was traced for an additional 200 m. The veins at Silver Surprise and Daybreak strike NE-SW and are steeply dipping.

The exact thickness of the mineralized zone is unknown at this time as most mineralization is observed as subcrop or felsenmeer, but is estimated to be between 0.5 m to 1 m wide based on the limited surface exposure. Mineralization consists of fine-grained sulfides and sulfosalts hosted in quartz-carbonate veins. These structures are being explored as sub-epithermal thermal systems that are thought to be the roots of intermediate sulfidation epithermal systems. At Silver Surprise, three mineralized structures were found within approximately 200 metres ("m") of the silver-bearing quartz vein identified in 2020.

One of the three parallel veins was found 100 m NW of 2020 discovery vein. The two other parallel veins were found approximately 100 m and 200 m SW of the 2020 discovery vein. Each of the three veins were traced on surface for approximately 100 m. At Daybreak, two well mineralized structures were found within approximately 200 m of a 477 g/t Ag sample taken in 2019 and were traced on surface for 800 m and 200 m. A third silver-bearing quartz vein was discovered approximately 800 m to the NE and was traced on surface for 300 m. A fourth silver-bearing quartz vein was discovered approximately 150 m ENE of where 2020 sampling yielded assays of 772 g/t Ag and was traced on surface for 100 m.