Silver Acadia Unveils Outstanding Silver-Gold Drill Results and Structural Insights at Nicholas-Denys Project

Expansion of Hachey Zone and Discovery of Mineralized Corridor

Silver Acadia's Phase 1 drilling at the Hachey Zone continues to expand the known mineralization footprint with additional high-grade assay results. Geological interpretations, supported by structural mapping and historical drilling data, suggest a mineralized corridor extending roughly 3 kilometres. This corridor contains multiple connected zones with silver grades surpassing 100 g/t within a broader lower-grade envelope, highlighting the extensive scale of the mineralizing system at the Nicholas-Denys Project.

Recent drill highlights include significant intersections from holes ND26-007A, ND26-009, ND26-010, and ND26-011B. Noteworthy results include 0.95 metres grading 1,210.1 g/t silver and 4.6 g/t gold from ND26-007A and 2 metres at 621.1 g/t silver and 2.6 g/t gold from ND26-009. These confirm the continuation of high-grade mineralization and support the structural model that enables systematic targeting in future drilling.

Structural Controls and Mineralization Framework

Terrane Geoscience Inc., based in Fredericton, completed a structural study revealing that the main silver-gold-zinc mineralization at Hachey is clearly structurally controlled. Two primary mineralization phases (M1 and M2) are identified along regional S1 foliation and northeast-southwest trending shear zones, which acted as conduits for hydrothermal fluids depositing the minerals. This framework explains the geometry and distribution of high-grade shoots within the larger mineralized zone.

The orientation of these structures parallels the regional Rocky Brook-Millstream Fault, a significant crustal-scale fault that likely focused mineralizing fluids district-wide. The M2 phase formed during or shortly after the first deformation event (D1). The close association with the Late Devonian Nicholas-Denys granodiorite, dated at 381 b1 4 million years ago, supports a magmatic-hydrothermal origin for the mineralization.

Identification of a Younger Gold Mineralization Phase

The study also identifies a younger mineralization phase (M3) characterized by carbonate-quartz-pyrite veinlets that crosscut earlier alteration and main silver-lead-zinc mineralization. This later hydrothermal event may explain enhanced gold grades observed in recent drill holes at Hachey. CEO Julien Davy highlighted that recognizing this later gold event "opens an entirely new exploration vector and further demonstrates the complexity and potential scale of the Nicholas-Denys mineralizing system."

Further drilling and petrographic studies are needed to confirm that this gold mineralization is distinct and younger than the main silver system. If validated, this could provide a new targeting strategy for higher-grade gold zones within Hachey and other areas of the property. No specific timelines or budgets for this follow-up work were disclosed.

Drilling Program Details and Technical Parameters

The Phase 1 drilling, initiated in January 2026, targeted an epithermal-style silver-gold-zinc-lead vein system. Drilling intersected strongly foliated sedimentary rocks comprising alternating wacke and mudrock units hosting quartz veins, massive sulphide veins, and rare porphyritic felsic dykes. The four reported holes were drilled at varying dips and azimuths to assess mineralization geometry and extent.

Hole ND26-007A was drilled at 200 degrees azimuth with a -62-degree dip to 180 metres depth; ND26-009 at 200 degrees azimuth with a -55-degree dip to 150 metres; ND26-010 at the same azimuth with a -45-degree dip to 130 metres; and ND26-011B at a -77-degree dip to 257 metres. True widths remain undetermined as mineralization remains open in all directions, necessitating further drilling.

Sample Processing and Quality Assurance Measures

Diamond drill core samples were prepared at ALS Global’s Moncton facility and assayed at their Vancouver lab. Quality assurance included blanks, certified standards, and duplicates inserted regularly by Silver Acadia personnel. ALS Global’s QA/QC protocols comply with ISO 17025 and ISO 9001 standards and operate independently of Silver Acadia.

Silver-equivalent calculations assumed recoveries of 90% for gold, 80% for copper, and 80% for silver. Metal prices used were $50/oz silver, $4,000/oz gold (80:1 gold-to-silver ratio), $6.00/lb copper, $0.82/lb lead, and $1.59/lb zinc. Only samples exceeding 5 g/t silver and 0.05 g/t gold were included in silver-equivalent calculations, with all metals reported in USD.

Historical Data Integration and Project Overview

The combination of detailed structural mapping, Phase 1 drilling, and compilation of over 125,000 metres of historical drilling on the Nicholas-Denys property has enhanced the company’s understanding of the mineralizing system and will inform future exploration. Historical data were sourced from New Brunswick government reports and public records but have not been independently verified and should be treated as historical pending confirmation.

Silver Acadia controls more than 250 square kilometres of prospective mineral claims in New Brunswick, located within and near the Bathurst Mining Camp. This region is known for Appalachian-style exploration targets including silver-lead-zinc volcanic massive sulphide (VMS) deposits, structurally controlled gold systems, intrusion-related antimony-gold systems, and other deposit types. The Nicholas-Denys Project is the company’s flagship asset in this mining district.

Strategic Outlook for Upcoming Exploration

The structural framework from the Terrane Geoscience study offers a systematic method to prioritize future drilling at Nicholas-Denys. CEO Julien Davy stated the work "significantly improved our understanding of the controls on high-grade silver mineralization" and identified "a structurally controlled mineralizing system that can be systematically targeted." This represents a shift from viewing Hachey as isolated high-grade intercepts to a connected mineralized system, refining the company’s exploration approach.

While specific budgets, timelines, and drill targets for Phase 2 have not been announced, the identification of northeast-southwest shear zones, regional foliation, and mineralization continuity provides a basis for future drill planning. The potential younger gold mineralization phase (M3) adds an additional exploration vector that will be pursued through ongoing drilling and petrographic analysis.

Company Overview and Market Positioning

Silver Acadia Exploration Inc. is a diversified mineral exploration company focused on delivering shareholder value through discovery and development of large-scale mineral systems in stable jurisdictions. Trading on the Canadian Securities Exchange under ticker SLA, the company operates in New Brunswick, benefiting from established mining infrastructure, permitting processes, and skilled labor. Its extensive land portfolio includes multiple deposit types and targets within the Bathurst Mining Camp.

The company’s strategy targets large-scale discoveries across silver, gold, zinc, lead, and antimony commodities. By maintaining over 250 square kilometres of mineral claims and integrating geological studies like the recent structural analysis at Nicholas-Denys, Silver Acadia aims to identify and develop significant mineral systems. The announcement underscores the company’s commitment to systematic exploration integrating historical data, modern drilling, and expert geological interpretation.

Technical Expertise and Regulatory Compliance

Julien Davy, P.Geo., M.Sc, MBA, CEO of Silver Acadia Exploration Inc., serves as the Qualified Person under National Instrument 43-101 and has reviewed and approved the technical content of this announcement. This ensures compliance with Canadian securities regulations for mineral project disclosure. Davy’s geological expertise and advanced qualifications reflect the company’s dedication to professional standards.

Terrane Geoscience Inc., an independent consulting firm based in Fredericton, was engaged to perform the structural study. Their independent assessment provides objective geological interpretations, enhancing credibility and supporting informed investor decisions regarding future exploration.