Market Update

(TheNewswire)

April 7th, 2026 – TheNewswire - Mithril Silver and Gold Limited (the Company) confirms that on Monday, 6 April 2026, the Company’sManaging Director and Chief Executive Officer, Mr John Skeet, togetherwith two employees, were returning from the Company’s Copalquinproject in the Durango region of Mexico en route to the city ofChihuahua. During the flight, the aircraft sustained damage caused byon the ground gunfire which resulted in an unscheduled landing at alocal airstrip in the southern area of Chihuahua State.

The pilot promptly notified the relevant authorities,who provided immediate assistance and arranged onward transport to thecity of Chihuahua.

This incident occurred approximately 30km from site andhas not affected operations, with drilling continuing.

No individuals on board were injured, and theCompany’s employees have returned to Chihuahua having assisted theauthorities with their enquiries. 

The Company expresses its sincere appreciation to theMexican authorities for their swift and effective response.

The Company confirms:

1. Operations at the project continue uninterrupted. 

2. The Mexican authorities have since informed the Companythat they believe the plane was wrongly targeted by illegal activityin the southern area of Chihuahua State.   

3. The aircraft sustained damage while enroute toChihuahua in a different municipality approximately 30 km to thenorth, well outside the area of the Company’s Copalquin project inDurango State. 

4. The Company has been advised this is an isolatedincident. 

Authorised by the Board of Directors.

-ENDS-

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