Silver North Outlines Largest Exploration Program to Date at Haldane Following 2025 Success

(TheNewswire)

2025 Highlights & 2026Outlook

• High Grade Results: Drilling atHaldane yielded the best hole in property history (HLD25-31) returning818 g/t silver over 13.15 m. 

• Target Expansion: Successfullyexpanded Main Fault mineralization to over 100 metres along strike and150 metres downdip. 

• 2026 Program: Largest drill programto date will focus on expansion of Main Fault target on strike anddowndip, test additional targets, with working beginning in March withan airborne geophysical survey.  

• Strong Financial Position: Completeda $2.25 million financing in December 2025, and a $11.6 millionfinancing in February 2026, to fully fund exploration and operationsfor two years. 

Vancouver, BC – TheNewswire - February 19, 2026 – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF)(“Silver North” or the“Company”) is pleased toreview its transformative 2025 exploration season and outline anambitious 2026 exploration strategy.

Corporate Update

The price of silver had another strong year in 2025, ending the yearover USD$70 per ounce after starting the year just under USD$29 perounce. The strength of silver provided a very solid back drop forsilver explorers and Silver North was able to take advantage of thestrong market with another year of excellent results at both theHaldane and Veronica properties. This success was reflected in theCompany’s share price which closed the year at $0.39 on robusttrading volume compared to its January 2025 low of $0.065.

The early portion of 2025 was focussed on preparations for fieldprograms at both Haldane and Veronica and financings to fund theseprograms in order to achieve management’s exploration goals. Thisculminated in financings at $0.10 and $0.15 in April and July for atotal of $1.72 million and a Charity Flow Through Financing at $0.21in July, raising a total of $2.1 million. Following the successful2025 field season and to facilitate 2026 program preparations,management completed a $2.25 million flow through financing at $0.35in December.

Subsequent to the July financing, field programs commenced at bothprojects, with the goal of expanding mineralization at the Main Faulttarget at Haldane and at Veronica, efforts focussed on expanding theanomalous soil geochemical footprint and potentially identifyingmineralization sources for this geochemistry.

HALDANE PROJECT: Expanding the MainFault Zone

The primary goal of the 2025 program was to test the Main Fault alongstrike and downdip from the 2024 discovery of silver-lead-zincmineralization intersected in drill holes HLD24-29 and HLD24-30.

The eight hole, 1,759.5 m program, was completed in November 2025,targeting mineralization on sections 50 metres northeast and southwestof the discovery section and downdip of the discovery holes. Theprogram was successful in testing the Main Fault along strike anddowndip in all holes where siderite, silver–bearing galena andsphalerite mineralization were intersected in all holes exceptHLD25-37 that was lost at the top of the interpreted Main Faultstructure.

The highlight of the 2025 program was hole HLD25-31 that intersected the Main Fault approximately 90 m downdip fromHLD24-30, yielding a 13.15 m mineralized intersection averaging 818g/t silver, 1.39 g/t gold, 2.54% lead and 0.98% zinc from 249.9 metresdown hole. A sub-interval of this mineralization averaged 2,014 g/t silver, 1.72 g/t gold, 4.73% leadand 1.1% zinc over 3.2 m from 251.8 m, whileanother sub-interval starting at 256.1 m averaged 1,112 g/t silver,4.61 g/t gold, 7.11% lead and 1.51% zinc over 1.25 m. The HLD25-31intersection appears to indicate a steeping of the structure versusthe apparent dip in holes HLD24-29 and 30. Additionally, the elevatedgold grades observed in the hanging wall intersection of HLD24-30 areobserved throughout the entire 13.15 m interval.

 Table 1: 2025 Drilling –Significant Results

1 A table of drill hole collar location datacan be found in the Company’s news release dated January 12, 2026,available on the Company’s website.

2Silver-equivalent values are calculatedassuming typical recoveries based on metallurgical studies conductedon a range of analogous vein deposits and are not necessarilyreflective of metallurgy on the property. No metallurgical work hasbeen reported on the property. The recoveries used are 92% silver, 70%gold, 88% lead and 70% zinc. The silver – equivalent formula: usingthe formula: ((35 * silver (g/t)*0.92 / 31.1035) + (3000 * gold(g/t)*0.70 / 31.1035) + (1.00 * 2204 * lead %*0.88/100) + (1.20 * 2204* zinc %*0.70/100)) *(31.1035 / 35). Metal price assumptions areUS$35/oz silver, US$3,000/oz gold, US$1.00/lb lead and US$1.20/lbzinc. True widths are unknown.

VERONICA PROJECT: NewDiscoveries

The Company’s inaugural exploration program at Veronica alsocommenced in August of 2025, partially funded via a grant under theYukon Mineral Exploration Program.  Under this program, qualifyingexploration expenditures can be refunded up to a total of $30,000.

Veronica is one of three properties comprising the GDRProject in southern Yukon Territory. Results of the program, whichincluded prospecting, geological mapping, soil geochemical samplingand hand trenching include the expansion of the previously identifiedmulti-element soil geochemical anomaly (the Betty target) as well asthe first-ever discovery of silver-bearing mineralization in floatcobbles (2,860 and 213 g/t silver) and in outcrop (33.7 and 17.15 g/tsilver). Prior to the 2025 program, no silver-bearing mineralizationhad been discovered on the Veronica property.

Previous operators identified a 450 m by 450 m silver-lead±zincmulti-element soil geochemical anomaly in 2016 (according to a filed,but unpublished, assessment report by the property vendors and filedwith the Yukon government), which was the focus of the 2025 program.The 2025 program successfully expanded this anomaly to over 1 km by 1km in size (now termed the “Betty Anomaly” or “Betty Target”).The Betty Anomaly is now defined as a coincident silver (1 ppm to 31.1ppm), lead (50 ppm to 8850 ppm) and zinc (200 ppm to 3830 ppm) anomalythat remains open to the east, and potentially to the south.  

Mapping and prospecting work at theBetty Anomaly discovered the first ever mineralization found atVeronica, consisting of massive galena-bearing cobble-sized float, andsubsequently, in outcrop. Float samples include a 15-cm wide massivesulphide cobble which returned 2,860g/t Ag, 0.412 g/t Au, 76.8% Pb, 0.13% Cu, 0.18% Zn and 2,250 ppmSb, (Sample K665269) and a cobble-sized sample uncovered in ahand trench in the same area that returned 213 g/t Ag, 9.60% Pb and 367 ppm Sb(Sample K665270).  These areas collectively make up the LodgeShowing.

Approximately 100 m to the northeast of the Lodge Showing, an outcropping brecciated and silicifiedfault zone was discovered, the CooperShowing, hosting disseminated and blebby galena.  Grab samplesfrom the outcropping structure returned 33.17 g/t Ag, 1.36% lead,0.40% Zn and 26 ppm Sb (Sample E812425), and 17.15 g/t Ag, 0.71% Pb,0.17% Zn and 22.3 ppm Sb (E82424).  

Geological mapping indicates the potential preservation of theprospective stratigraphy known for hosting high grade silver-lead-zincmineralization at Silvertip. The Veronica claims, part of the recentlyoptioned GDR project, are located adjacent to the Tim Property (underseparate option to Coeur Mining), in the Silvertip area of southernYukon Territory. Exploration in the region is targeting high gradesilver-lead-zinc mineralization similar to that found at the SilvertipMine, approximately 12 km to the southwest of Veronica.

2026 Outlook

With the recent closing of an $11.6 million financing, Silver North isfully financed for the 2026 and 2027 field seasons. Management iscurrently planning the scope of the 2026 drill program at Haldane andhas earmarked a budget of $5 million to continue with expansion of theMain Fault target as the primary focus of the program. Fieldwork willcommence in late March or early April with airborne magnetics andelectromagnetics surveys. Drilling will commence as soon as weatherpermits but is expected to start by the first week of June. Two drillswill be on site for four to five months, with an expected five toseven thousand metres of drilling through the 2026 season.

Exploration in the Silvertip District will be undertaken in the summerof 2026. Coeur Mining, earn-in partner and operator of the Company’sTim project, 19 km north of their Silvertip Mine Project, is in theplanning stages of this year’s program. Those plans will be conveyedto our shareholders once they have been made available to Silver Northand is expected to consist of drilling at this silver – lead –zinc bearing CRD target in southern Yukon.

Management is also planning a follow up program to the highlysuccessful Veronica property program from 2025. Budgeted at $500,000,Silver North is planning airborne magnetics and electromagneticsgeophysical surveys, as well as further groundwork likely to includeadditional mapping, prospecting and soil geochemical surveys todelineate drill targets for subsequent programs.

Full details of Silver North’s exploration plans will be released asthey become available.  

About Silver North Resources Ltd. 

Silver North’s primary assets are its 100% owned Haldane silverproject (next to Hecla Mining Inc.’s Keno Hill Mine project) and theTim silver project (under option to Coeur Mining, Inc.). 

The Company is listed on the TSX Venture Exchange under the symbol“SNAG”, trades on the OTCQB market in the United States under thesymbol “TARSF”, and under the symbol “I90” on the FrankfurtStock Exchange.

Mr. Jason Weber, P.Geo., President and CEO of Silver North ResourcesLtd. is a Qualified Person as defined by National Instrument 43-101.Mr. Weber supervised the preparation of the technical informationcontained in this release.

For further information,contact:

Jason Weber, President and CEO

Sandrine Lam, Shareholder Communications

Tel: (604) 807-7217                             

Fax: (888) 889-4874

To learn more visit: www.silvernorthres.com

X: https://X.com/SilverNorthRes

LinkedIn:

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