Maverick Gold And Silver Prepares For Drill Program at Silver Vista Property, British Columbia

Maverick Gold and Silver Corp., (CSE: MAV) (FSE: VR61) (OTC Pink: VRCFF) ("Maverick" or the "Company") announces that final preparations for its fully funded drill program at the Silver Vista copper-silver property are underway. The Silver Vista copper-silver property is located 55 kilometres northeast of Smithers, B.C., and is comprised of 12 mineral claims that cover 5,134.5 hectares, or 51.35 square kilometres. Representatives of the Company recently met with the geological and drilling contractors, who have confirmed their availability, to confirm the timing of the drill program. Ahead of the drill program starting, the Company is completing a comprehensive study of the drill core from 2018 and 2021. The objective of this study will be to improve data quality and create a consistency between historic drill holes from the two drill programs that were run by different previous operators of the project. The platform being used integrates visible, UV, VNIR and SWIR imaging sensors, to produce continuous hyperspectral datasets that allow for semi-quantitative mineral identification, alteration mapping, and detailed geological characterization across entire core boxes. The system outputs calibrated spectral imagery, mineral classification maps, and linked photographic records, which will give the Company a unified dataset for the interpretation of lithology, alteration zonation, veining, and structural features with far greater consistency than manual logging. The newly collected digital data will be incorporated into a three-dimensional database that will include all the drilling completed on the project to date. This includes drilling from 1991, 1992, 2018 as well as 2021, which totals 4,064 metres in 30 drill holes.

"We are excited about the potential of the Silver Vista property as sedimentary hosted copper-silver deposits make up approximately 23 % of the known global copper resources" stated Glen Watson, President of Maverick Gold and Silver. "The exploration target at our Silver Vista property is a sedimentary silver-copper deposit similar to Hecla Mining's Libby and Rock Creek deposits that are located in Montana." This new model will allow the Company to prioritize sites for the upcoming drill program.

Table 1: Highlight drill intersections from the Silver Vista property include:

Silver equivalent (Ag Eq.) and copper equivalent (Cu Eq.) values are provided for comparative purposes only and were calculated using the 3 year average for metal prices (US$30.69 per ounce silver and US$4.32 per pound copper), recoveries of 88% for Ag and 92% for Cu (based on recoveries from the comparable deposits of Rock Creek and Libby [https://www.hecla.com/exploration]), with no adjustment for refining costs, smelting costs, payability, penalties, or other modifying factors. [CuEq (%) = ((Cu% x 22 x 4.32 x 0.92) +( Ag g/t / 34.286 x 30.69 x 0.88)) / 4.32 / 2200 and AgEq (g/t) = ((Cu% x 22 x 4.32 x 0.92) +( Ag g/t / 34.286 x 30.69 x 0.88)) / 30.69 x 34.286]. The Company cautions that metal equivalents are not intended to imply that the metals are recoverable in the stated proportions or that the reported equivalent values have economic significance. The historical drill results referenced above were generat...