Alaska Silver updates Illinois Creek resource: indicated gold +11%, inferred ounces nearly doubled

Alaska Silver Corp.

Indicated resources: 9.0 Mt at 0.92 g/t Au (260K oz) and 29.72 g/t Ag (8.3M oz).
Inferred resources: 10.9 Mt at 0.84 g/t Au (290K oz) and 30.1 g/t Ag (10.4M oz).
Indicated gold and silver ounces up 11% and 7% vs. 2021; inferred ounces nearly doubled.
Updated estimate uses $3,500/oz Au and $45/oz Ag; same 2021 block model with no new drilling.
Company plans to expand deposit and evaluate Illinois Creek as standalone heap-leach operation.

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