VANCOUVER, British Columbia, October 1, 2025 – Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce a non-brokered private placement offering of up to 5,800,000 units (the “Units”) of the Company at a price of $3.60 per Unit, for aggregate gross proceeds of up to $20,880,000 (the “Offering”).
Each Unit issued pursuant to the Offering will consist of one common share (a “Share”) in the capital of the Company and one common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company’s Shares trade on the TSX Venture Exchange (the “TSXV”) at a closing price of $7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the “Acceleration Provision”)
All securities issued in connection with the Offering will be subject to a four-month hold period from the date of closing. Finder’s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSXV. The Company intends on using the net proceeds from the Offering to continue advancing the Calico Silver Project in San Bernardino, California; to support community relations initiatives at Cinco de Mayo Silver Project in Chihuahua, Mexico; to cover ongoing property maintenance costs at both projects; and for general corporate purposes.
Closing of the Offering is subject to regulatory approval including that of the TSXV.
The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Apollo Silver Corp.
Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the Offering; and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
~ACQUISITION ADDS SUBSTANTIAL YUKON GOLD PROJECT TO COMPANY’S PORTFOLIO~
September 30, 2025 – Vancouver, BC – Blue Jay Gold Corp. (“Blue Jay” or the “Company”) is pleased to announce that it has completed the previously announced acquisition (the “Transaction”) of Tincorp Metals Inc.’s (TSXV: “TIN”; OTCQX: “TINFF”, “Tincorp”) wholly-owned subsidiary, Whitehorse Gold (Yukon) Corp. (“Whitehorse Gold”), effective September 29, 2025. Whitehorse Gold holds a 100% interest in the Skukum Gold Project (the “Project”) located in Yukon, Canada.
“Closing the Skukum Project acquisition is a defining step for Blue Jay,” said Geordie Mark, CEO of Blue Jay. “The Yukon is an incredible jurisdiction with excellent geological potential, supportive frameworks and partners, and enjoys a rich culture steeped in mining history. Skukum is a cornerstone asset for us, and as a former production site, we believe the area represents a meaningful opportunity for lower-risk discovery and project reinvigoration. Our near-term focus is to test the growth potential of the mineralized systems in and around underground development areas, and mature new targets to sustain project longevity. We are committed to upholding our responsibilities in a manner that supports long-term value creation while aligning with our disciplined approach to capital allocation and community partnership.”
Under the terms of the share purchase agreement between the parties (the “Agreement”), the total consideration payable by Blue Jay for the acquisition of the shares of Whitehorse Gold was structured as two payments: (i) at closing, Blue Jay issued 500,000 common shares of the Company and 250,000 common share purchase warrants (each, a “Warrant”) to Tincorp, having an aggregate value of $300,000; and (ii) $275,000, payable in cash and/or shares of the Company at Blue Jay’s election, is to be paid to Tincorp on the first anniversary of the closing date. Each Warrant entitles Tincorp to acquire one additional common share at an exercise price of $0.90 per share for a period of two years from the date of issuance, subject to certain acceleration provisions.
For more information regarding the acquisition, see our press release announced June 4, 2025, and available on SEDAR.com
About Blue Jay
Blue Jay Gold Corp. is a Canadian gold exploration company focused on growing and discovering resources within established brownfields regions in Canada. The Company has built a portfolio of projects in Canada in highly sought after Tier 1 mining jurisdictions. With our strategically located projects and a leadership team experienced in geology and capital markets, Blue Jay Gold will advance disciplined, modern exploration strategies across projects in known gold mineralized regions across Canada.
ON BEHALF OF BLUE JAY GOLD CORP. signed “Geordie Mark” Geordie Mark, CEO
This news release contains forward-looking statements and forward-looking information (collectively, “forward- looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding the exploration and development potential of the Project, the potential of future payments under the Agreement and the preparation of a technical report are forward-looking statements.
Forward-looking statements are often, but not always, identified by words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions. These statements are based on the opinions, assumptions, factors and estimates of management considered reasonable as of the date such statements are made. Assumptions include, but are not limited to, the ability to obtain and maintain governmental approvals, permits, and licenses in connection with the Company’s planned development and exploration activities at the Company’s projects.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements which involve the state of equity financing markets, volatility of market prices, and fluctuations in metal prices.
Although Blue Jay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to differ. Readers are cautioned not to place undue reliance on these statements, and Blue Jay undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
Edmonton, Alberta–(Newsfile Corp. – September 29, 2025) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that is has recently received drilling and trenching permits for a number of its priority exploration targets in the Greenwood area including Midway, Sappho, Copper Mountain (Prince of Wales, Coronation and Mabel Jenny) and Imperial from the BC Ministry of Mining and Critical Minerals. Grizzly has recently announced a private placement offering for gross proceeds of up to $1 million (See Company News Releases dated September 11 and 12, 2025) in order to support planned exploration this fall.
The main focus of the private placement will be to conduct drilling and trenching at the Midway Exploration Target, targeting the historical Midway Mine. See the Midway highlights below.
Midway Mine Area
At Midway, selective rock grab and composite rock grab samples collected during 2022 from outcrop at the Midway Mine-Picturestone area, yielded a range of 12.05 grams per tonne (g/t) or 0.351 ounces per ton (opt) Au up to 70.8 g/t (2.065 opt) Au (See Company news release dated October17, 2022).
Three (3) of the 7 selective rock grab samples from the Midway Mine yielded from 1,360 g/t Ag (39.7 opt) up to 2,140 g/t Ag (62.4 opt) (see the Company news release dated October 17, 2022).
Two new showings identified in 2023 near the historical Midway Mine including up to 5.64 g/t Au (0.165 opt) from a showing 400 m to the north of Midway and up to 4.19 g/t Au (0.122 opt) from a grab sample collected about 375 m to the west of the Midway Mine (Figure 2).
At least 6 new areas with anomalous gold (> 100 ppb), copper (>200 ppm) and silver in soils have been identified at Midway in work conducted between 2022 and 2024 (Figure 2).
The Midway area is being targeted for copper-gold skarn and epithermal gold-silver.
All highly anomalous samples are from outcrop and characterized by the presence of abundant pyrite, arsenopyrite with visible galena and sphalerite in a siliceous chalcedonic host. The mineralization is hosted in polymetallic veins that display the presence of Pb, Zn, Cu, arsenic (As) and antimony (Sb) and are likely epithermal in nature (Figure 3).
A selective rock grab sample from outcrop 200 m west of the main Midway Mine yielded 15.85 g/t Au (0.462 opt) and 1,530 g/t Ag (44.6 opt), illustrating that there is potential for additional high-grade mineralization in the area (Figure 2).
Brian Testo, President and CEO of Grizzly Discoveries stated, “We are excited and are looking forward to pursuing a number of high grade gold – silver – copper – lead -zinc showings and historical mines with drilling in the fall of 2025 along with additional exploration for significant battery metal prospects in our current 165,000+ acre land holdings in the Greenwood District. We have barely scratched the surface in terms of exploration!“
Figure 1: Land position and targets of interest for future exploration, Greenwood Project.
Trenching, rock and soil sampling along with drilling at the Midway Target area is being planned for fall 2025. The amount of drilling will depend upon the current financing that has been announced.
Rock sampling was conducted earlier in the summer. The results for the Beaverdell sampling will be announced as they become available. Additional results should be forthcoming over the next coming months as work progresses and will be presented in additional news releases.
Quality Assurance and Control
Rock and soil samples are being analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.
The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of all samples.
The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC. Brian Testo, CEO, President
Suite 363-9768 170 Street NW Edmonton, Alberta T5T 5L4
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution concerning forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
I’ve been pounding the table for a long time that silver and platinum were far cheaper in relative terms than gold. Even the Chinese agree and have told their people the same. Now both metals have woken up and have shot higher. I have little doubt that there will be a correction on the way but this would be a great time to own a solid silver company. And there aren’t many of them.
Recently I was contacted by a silver company headed by an old friend of mine, Andy Bowring. The company is named Apollo Silver (APGO-V) and has one giant 182-million-ounce silver deposit in mining friendly San Bernardino County California along with a world class Carbonate Replacement Deposit in mining friendly Chihuahua. Andy is the Chairman of Apollo with Ross McElroy working as President and CEO. Here is a link to a recent interview by Ross.
Apollo’s Calico silver/barite project in San Bernardino contains two sub-projects, the Waterloo property with a 43-101 silver resource of 125 million ounces at a grade of 71 g/t Ag and the nearby Langtry property with an additional 57 million ounces of silver at 73 g/t Ag. San Bernardino seems to be one of the few jurisdictions in California not run by nutcases. The county has over ninety different mines operating. Obviously adding silver to the 2025 Critical Metals Draft list is a giant step forward for Apollo. Waterloo also contains an additional 130,000 ounces of oxide gold at a grade of 0.25 g/t Au.
Apollo’s secondary project is located in Mexico. As we all know in mining, Mexico can be difficult. With Doctor Peter Megaw leading the way, I spent three days driving around northern Mexico with him in 2007 or 2008, I forget which. Peter is in my view one of the top three geologists in the world.
Now I can fully understand what a giant treat it was to visit several of Mag Silver’s projects almost twenty years ago. If you spend three days in a truck with him, you can take that to the Colorado School of Mines and they will issue you a Master’s Degree. He is like Quinton Hennigh, in five minutes he can teach you a semester of geology. We visited the Cinco de Mayo CRD project for a day. Peter is the world’s best CRD expert and it was an adventure to see what Mag Silver discovered.
Apollo now has an option to buy the Cinco de Mayo property from Mag Silver. When Peter and I visited the project, it was one of the most important prospects for Mag Silver. Mag poked 214,000 meters of drilling into the project in 445 holes. They completed a 43-101 in 2012 showing 52.7 million ounces of silver with 96,000 ounces of silver, 1.777 million pounds of zinc and 785 million pounds of lead. Alas, things went sideways with the local community and Mag could not continue to work on the property without the social license required by Mexican law after 2012.
Apollo’s option agreement with Mag Silver calls for Apollo to obtain the social licensing and exploration permits to advance the Cinco de Mayo project. The option period is for five years. Apollo is responsible for payment of all fees and license requirements during that period. Once the social license agreement is in place, Apollo is required to conduct 20,000 meters of drilling. When all the terms of the option have been fulfilled, Apollo will be required to turn over 19.9% of the issued and outstanding shares to Mag Silver.
Cinco de Mayo is obviously a wild card. While it is clear the property is a world class massive CRD, relations with the locals can’t make you succeed but they can make you fail. Apollo has a low cost, high potential opportunity if they can make nice with the local community and convince them it is a big opportunity for them as well.
I am convinced the debt-based system of the west is in a state of collapse right now. All real wealth comes from one of three places. You can grow it or you can manufacture it or you can mine it. It’s entirely possible that the locals realize the real value of a high grade mine in a time of financial disorder.
Or not.
As I write Apollo has a market cap of 179 million in CAD with about 182 million ounces of silver just in the Calico property in California. That’s one of the biggest primary silver projects in the world. The price works out to about one ounce of silver per Canadian Peso or $.72 in US Pesos. In 2011 with silver at half the price punters were paying about $3 US or CAD per ounce. It seems to me that $5 an ounce would be a lot more reasonable today.
Apollo Silver is an advertiser and that makes me biased. Do your own due diligence. Do watch the corporate presentation, it’s good.
Apollo Silver Corp APGO-V $3.68 (Sep 24, 2025) APGOF-OTCQB 48.5 million shares Apollo Silver website
North Vancouver, British Columbia–(Newsfile Corp. – September 24, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to announce that it has closed its previously announced and upsized non-brokered private placement for gross proceeds of $18,715,153 (the “LIFE Offering“). Pursuant to the LIFE Offering, the Company issued 58,484,853 units (the “Offered Units“) at a price of $0.32 per Offered Unit (the “Issue Price“), pursuant to the listed issuer financing exemption available under National Instrument 45-106 – Prospectus Exemptions. Each Offered Unit consisted of one common share of the Company (a “CommonShare“) and one Common Share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.42 for a period of three years from the date of issuance.
Lion One’s CEO Ian Berzins stated: “We’re very pleased with the strong demand we received for this upsized private placement. With the equity financing successfully completed today, we can now accelerate the purchase of several key pieces of underground mobile equipment and ensure the completion of the flotation plant in Q1 2026. With the addition of these components we will be well positioned to continue ramping up production at Tuvatu.”
The Company intends to use the net proceeds from the LIFE Offering to fund the development of the Company’s 100% owned and fully permitted high grade Tuvatu Gold Project, repayment of principal and interest for the Company’s loan facility with Nebari, and for working capital purposes.
In connection with the LIFE Offering, the Company paid aggregate finder’s fees of $703,468.15 in cash and issued 2,190,462 finders warrants (the “Finder’s Warrants“) to Canaccord Genuity, Couloir Securities, Golden Capital Consulting, Haywood Securities, Leede Financial, Red Cloud Securities, RedPlug, Research Capital, and Ventum Financial, in accordance with the policies of the TSX Venture Exchange (the “TSX-V“) representing a cash commission equal to 7% of the gross proceeds raised from purchasers introduced to the Company by eligible finders and 7% of the aggregate number of Offered Units sold to purchasers introduced to the Company by eligible finders. In lieu of receiving $315,000 in cash, one finder received 984,375 Offered Units at the Issue Price. Each of the Finder’s Warrant will entitle the holder to purchase one Common Share at a purchase price of $0.32 per Finder’s Warrant exercisable for a period of two years from the date of issuance of such Finder’s Warrant.
The Offered Units and underlying Common Shares and Warrants will not be subject to Canadian resale restrictions in accordance with applicable Canadian securities laws. All Finder’s Warrants and any Common Shares underlying the Finder’s Warrants will be subject to a Canadian four month and one day resale restriction in accordance with applicable Canadian securities laws. Completion of the LIFE Offering and payment of the finder’s fees remains subject to final TSX-V acceptance.
Certain subscribers under the LIFE Offering are directors and management of the Company. The issuance of Offered Units to directors and management of the Company constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101“). The transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued or the consideration paid by such persons will exceed 25% of the Company’s market capitalization.
About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.
On behalf of the Board of Directors of Lion One Metals Limited
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Forward-looking statements made in this news release include statements regarding the anticipated use of proceeds of the LIFE Offering, the outlook of the Company following completion of the LIFE Offering and the final approval of the TSX-V. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, with respect to the LIFE Offering; the conditions of the financial markets; availability of financing; timeliness of completion of the LIFE Offering; the timing of TSX-V approval; with respect to the use of proceeds, the sufficiency of the proceeds; the speculative nature of mineral exploration and development; fluctuating commodity prices; and competition, as described in more detail in our recent securities filings available at www.sedarplus.ca.Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
Vancouver, British Columbia–(Newsfile Corp. – September 24, 2025) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company”) is pleased to announce that drilling at the Union Project in Sonora, Mexico, is progressing on track and on budget, with three of the five main targets now having some initial drilling and work continuing toward completion of the current program. This update follows the Company’s July 7, 2025 announcement outlining preparations for drilling and the August 6, 2025 news release marking the start of the program.
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“We are pleased to see the Union Project drill program advancing on schedule and on budget, with key targets now being tested,” commented John-Mark Staude, President and CEO of Riverside Resources. “The geological information we’re gathering, the mineralization indicators, particularly the structural and stratigraphic details, is already refining our exploration model and setting us up for the next stages as the program moves ahead. We look forward to drilling the high-potential Famosa target and to receiving the assay results from the work completed so far as the Riverside team operates working with the drill company.”
The first hole at the Union Mine target was drilled southeast beneath historic workings, cutting through the Clemente and Caborca formations, both key host units for past mining at Union as described in the NI 43-101 report on SEDAR+ filed on May 7, 2025, by Questcorp Mining (QQQ). The hole ended in the Caborca Formation, encountering the distinctive microconglomeratic carbonate unit that historically hosted mineralization at the bottom of the Union Mine. Samples from this hole have been delivered to Bureau Veritas in Hermosillo, Sonora, for gold fire assay, with pulps to be sent to Vancouver, Canada, for ICP-MS analysis with 4-acid digestion to determine silver, base metal, and multi-element values. This consistent analytical approach has been applied since the outset of the Union program to ensure comparability across results.
Drilling then moved to the northern part of the project, testing two target areas: the El Cobre Mine area and the North Union Mine area. Here, holes were oriented perpendicular to stratigraphy and toward interpreted feeder zones along pre-mineral fault structures, primarily within the Clemente Formation. Drilling in these areas has intersected more quartzite than initially modeled, with extensive hematitic oxides, an encouraging sign for potential gold mineralization, possibly linked to sulfides that have been oxidized through supergene weathering. Historic mining in the district targeted oxides only, leaving sulfide zones untested. Riverside plans to evaluate this potential beneath past workings across four target areas: Union Mine, El Cobre, North Union, and Famosa.
The program has now moved south to the Famosa target, where two initial holes are planned to test beneath and along strike from historic workings toward a steeply west-dipping, north-south-trending fault structure, as well as into host rocks on either side of this major structural feature. Famosa produced gold historically, with reported grades exceeding ½ oz/ton Au in archived records referenced in the NI 43-101 report. The Company is encouraged by the target’s potential and is eager to advance drilling here.
Once this initial campaign is completed, follow-up work will integrate assay results, ongoing surface programs, additional induced polarization (IP) surveys, and refined geological interpretations based on stratigraphy and structure observed in drilling. The greater-than-expected quartzite content in the Clemente Formation supports the evolving model of fracture- and quartz-pyrite veinlet-hosted gold mineralization, which will help sharpen targeting at the Union Project. Core from all drilling has been logged, saw-cut, and half-core samples sent for assay, with remaining halves retained for reference and cataloging.
The Company looks forward to completing the Famosa drilling, receiving the pending assay results, and providing further updates as this program progresses.
Figure 1. Geologic map with the tenure of the Union internal concession shown in pink. Manto and chimney type CRD targets are shown as red polygons. Riverside now controls all mineral tenures on this map. The drill program will focus on the Union Mine and areas north of the Union Mine with the initial drill work.
Figure 2. Cross section looking west with conceptual drill targets and schematic drillhole traces. Assays from Riverside’s sampling of rock dump materials from the two mine areas are labeled in black. Red areas are interpreted as manto and chimney target bodies that are now well defined and drill ready. Assays shown on figures 1 and 2 have been previously released and disclosed as summarized below the geochemical QA/QC and in published NI 43-101 Report that Questcorp published 2025 on Sedar+.
The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Rock samples from previous exploration programs discussed above at the Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.
About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information, contact:
John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com
Eric Negraeff Corporate Communications Riverside Resources Inc. Eric@rivres.com Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the risk that the Transaction will not be completed as contemplates, or at all, availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
From defense-backed breakthroughs to scalable commercial launches, General Hypersonics is pioneering affordable, reusable hypersonics and next-generation space flight.
SPOKANE, WA AND AUSTIN, TX / ACCESS Newswire / September 22, 2025 / HyperSciences, Inc., dba General Hypersonics Corp. (General Hypersonics), today announced a world-first achievement under its U.S. Department of Defense (DoD) Phase II Small Business Innovation Research (SBIR) contract. This small business technology company is setting world records with a new rocketless launch platform. It successfully completed horizontal flight tests exceeding Mach 3 carrying electronic payloads and demonstrating groundbreaking payload separation capabilities from its horizontal ram accelerator, a novel tube-launch system, the Hypersonic Accelerator for Versatile Operational Kinetics (HAVOK). This breakthrough marks a critical step toward commercializing its reusable, low-cost hypersonic long-range and suborbital launch platform for defense and space missions.
The current DoD contract builds on a successful NASA Phase I effort that demonstrated the scalability of General Hypersonics launch platform for larger payloads. Purpose-built for aerospace applications, the HAVOK system’s unique capabilities were advanced through industrial drilling and tunneling research and development, where thousands of high impact launches validated its performance, precision, scalability, and affordability. Recent demonstrations confirm the company is on track to deliver rocketless, responsive, high-cadence suborbital access in 2026, with orbital launches targeted the following year.
World-First Ram Accelerator Achievements by General Hypersonics
Turnkey Hot-Fire of Ram Accelerator: First successful hot-fire of a ram accelerator tube, originally adapted for industrial drilling and then refined for space launch.
Ram Start with Heaviest Projectile Ever Accelerated: Achieved ignition and sustained flight with the highest mass for this scale projectile ever successfully ram-accelerated, demonstrating full-flight scalability with highest-density ram acceleration.
First Payload-Carrying Flight Through Ram Accelerator: Flew onboard electronics at hypersonic speeds above Mach 3.
Clean Separation of “Space Dart”: Demonstrated first ever smooth, mid-flight separation of a “Space Dart” payload within the launch tube-demonstrating feasibility to deploy hypersonic payloads, testing, targets, drones, and other payloads using a novel precision sabot system.
Technology Background and Significance
The ram accelerator is a rocketless propulsion platform that uses clean gases to accelerate payloads to hypersonic speeds. First conceived at the University of Washington, it was adapted by General Hypersonics for deep-earth industrial drilling and tunneling utilizing high speed impact. Validated through thousands of industrial field tests, the company has now refined the system for defense and space launches. Recent “hot-fire” field tests at the company’s hypersonic test-bed facility demonstrate its potential as a reusable, scalable, and cost-effective launch solution.
Advancing Toward Suborbital and Orbital Readiness
General Hypersonics’ Mach 5+ Space Dart demonstration, scheduled for Q4 2025, will advance its reusable system toward space readiness. In 2026, the company plans more world-first demonstrations: launching payloads from the HAVOK tube-launch system to the Kármán line (100 km) and repeating suborbital deliveries to validate affordability, reusability, and high-frequency launch capability – without a first-stage rocket.
“This disruptive propulsion technology can launch space and defense missions from land or sea,” said Mark Russell, CEO and Founder. “These results confirm our system’s scalability for both space and national security missions while opening doors to an entirely new class of hypersonic and space applications – at dramatically lower cost and faster launch rates. We intend to create a little ‘HAVOK’ as competitors try to keep up!“
General Hypersonics is creating a new way to reach space – affordable, frequent launches set to begin serving customers in 2026.
Aligned with the U.S. hypersonic and space strategies and backed by DoD programs, proven milestones, a strong IP base, and a veteran team of aerospace experts, General Hypersonics invites select partners and investors to help drive the future of next-generation, affordable, and high-frequency launch solutions. For details, contact: info@hypersciences.com
Media & Investor Contact
HyperSciences (dba General Hypersonics) 2311 E Main Ave, Ste 200, Spokane, WA 99202 (509) 443-5746 info@hypersciences.com
Here at The Critical Edge we love silver. Okay yeah, we love a lot of sectors but silver is high on the list because it’s a commodity of many merits.
To start with, silver consumption is broad based. Around 30% typically goes to the physical stockpilers, with another 20% on coins, jewelry, and the like, but the other 50% is industrial. Of that industrial demand, nearly 30% gets sucked up by the electronics sector and yes, that includes graphic cards made by companies like Nvidia. That’s because silver has insane levels of conductivity and is vital for circuit boards (the backbone of GPUs). Considering that the global rollout of AI is going to require hundreds of millions of GPUs in the coming years, no wonder silver has been placed on the US draft critical minerals list for 2025.
Next up is supply. The silver market has been in a supply deficit for five consecutive years and has been getting by thanks to the size of physical stockpiles. Just like uranium from 2011 – 2021, our take is that the market has been complacent due to physical stockpiles making up supply shortages but this too shall end. The smart money knows this and has begun quietly positioning itself in silver.
As the rest of the market begins to stir, it’s getting harder to find attractive entry points but that’s where our team comes alive. We’ve been digging around, so to speak, and we ended up approaching the team at Apollo Silver (TSX.V:APGO / OTCQB:APGOF) for a good, old fashioned Q&A about their US and Mexico silver plays.
Here’s what their CEO, Ross McElroy, had to say:
THE CRITICAL EDGE: Ross, the market knows you as the co-founder and CEO of Fission Uranium, which you successfully sold last year for over a billion dollars. How does a famous uranium explorer and developer end up running a silver explorer?
ROSS MCELROY, President and CEO, Apollo Silver: Well, I think, being honest, obviously the project is critical, but the people behind the company are key. I had known Andy Bowering, the chairman of Apollo Silver, for quite some time in this industry and he hasalways been a person I’ve had a lot of respect for. There are other people that work closely with him that have been colleagues of mine, dating back more than 30 years from my days at BHP and in Fission So we already had a lot of common ground.
I had been working on the Fission Uranium transaction during 2024 and so, when that was complete – and after a few months off – I was ready to look for new opportunities. I was still very much interested in being in the game.
And this isn’t my first foray into precious metals. I spent probably nine years with BHP in precious metals with the discovery and advancement of the Hope Bay gold projects up in the Canadian Arctic, as well as working for a couple of junior companies in Saskatchewan previously . So this is not exactly new for me.
I could see that Apollo’s projects were really high-quality assets in high-quality jurisdictions and backed by people that I truly like and respect in this industry. So those were all signs for me of something that I felt excited to get involved in. I believe the projects were ready for somebody with my background and skill set to work with the strong team already in place . Basically we can take a project that with very good assets and move them forward through the pipeline of project development into an operational mine.
THE CRITICAL EDGE: Tell us about your flagship project in the States.
ROSS MCELROY, President and CEO, Apollo Silver: Well, the flagship property is called the Calico Silver Project. It’s down in Southern California, geographically located about halfway between Los Angeles and Las Vegas, in San Bernardino County.
What truly sets it apart, is that it is actually a very positive jurisdiction to work in: if you’re in California, San Bernardino County is the most progressive pro-development of the counties in the state.
Calico is a very well endowed silver project at an advanced stage. It’s actually one of the largest undeveloped primary silver projects in the US. The deposit also contains some other metals, including barite and zinc. This is something we’ve just finished evaluating, with the results from our mineral resource estimate announced last week. We increased the size of the silver resource including in the Measured and Indicated category, we almost doubled the size of the gold resource, we added zinc, and we converted the historic barite resource into a current compliant 43-101 resource — so we now officially have a very large deposit with silver, gold, barite, and zinc.
THE CRITICAL EDGE: So, we know Calico has a significant quantity of critical minerals, including barite and zinc. Also, silver is now on the draft list for US critical minerals. What impact will the US push for critical minerals have on the future of the Calico project?
ROSS MCELROY, President and CEO, Apollo Silver: Right now, there is a real sea change at both the US federal government and state level, with real US interest in being able to develop and supply their own critical materials. The US does not want to be dependent on other markets such as China. And it’s already having a significant impact on projects in the US.
For a project like Calico, this means a more clear-cut pathway forward through the permitting process. For example, critical minerals can be a pathway into the FAST-41 category of projects . Even non-critical minerals, such as gold and silver, which are strategic minerals, can also fit into the FAST-41 process. What the FAST-41 process does is streamline all of the regulatory groups under one umbrella. It has the potential to shave years off of the whole permitting regime. With the current administration in the US, there’s a big push to develop both critical and strategic minerals. For example, as you mentioned, with silver now on the proposed list to be a critical mineral in the US, that is another boost to the project.
THE CRITICAL EDGE: Let’s talk jurisdiction. California has a reputation as not a particularly supportive mining jurisdiction. What makes you think Calico will be able to advance through into development and eventually into production?
ROSS MCELROY, President and CEO, Apollo Silver: Yeah. Well, I think the key point I would make there is the county is really what’s important, and it’s San Bernardino County, and they are the most supportive county for mining by far anywhere in the state of California. There are many dozens of operations of various sorts in San Bernardino County. A large majority of them are aggregate, gravel type pits as well as hard rock mining, and the regulatory environment encourages development.
I know people talk about California being a bit of a difficult jurisdiction, I’m not sure that’s true, and it certainly isn’t true at our county level. I just think you need to take a long-term, very determined, and detailed and transparent view in your whole permitting and regulatory regime. If you put together a team of experts that have built mines before, that have put projects through the whole regulatory regime, and they understand all the parts to get the process over the line, that’s key to success. And that’s really what we’ve done at Apollo.
You probably noticed in our news release update on Calico that we’ve strengthened our team by bringing in project leadership, including a senior project manager, as well as people that have worked in this county before and understand permitting and moving projects forward. An important focus is also the support with respect to the environmental, regulatory, and community relations perspective. Again, if you have a good team, and you’re in the right jurisdiction, then you can push the projects forward.
THE CRITICAL EDGE: Talking of production, what is Apollo’s goal here? I know you’ve got experience at every stage of the mining cycle but where do you see the most value growth for Apollo shareholders when it comes to Calico?
ROSS MCELROY, President and CEO, Apollo Silver: Well, there’s two avenues of growth. We have, first of all, the project development, which we’ve already been talking about. So, you’ve got two deposits at Calico that are reasonably advanced, with respect to the delineation stage. That would be Waterloo, which is the biggest deposit , holding about two-thirds of the resource, and the nearby Langtry silver deposit, which contains about another third of the ounces of silver. These properties are progressing through further metallurgical studies, geotechnical studies, and starting to go into the economic assessment and regulatory framework.
There’s also an opportunity for exploration upside as well. We recently acquired a number of mineral claims that are contiguous to the existing claims at Calico, so it’s all part of the Calico project now, but it essentially increased the property size by more than 2.5 times. This has exploration blue sky potential. The ground that we acquired is on strike of the Calico fault zone, which is the fault system that’s responsible for the silver being there in the first place, so some very prospective ground. It already has a number of historic anomalies on it, so it does give us a lot of exploration upside. And I think you’ll find that our programs moving forward will have a certain allocation of the budget towards exploration, probably the majority towards project development, so I think we can accomplish two things at once here at Calico… development and exploration.
THE CRITICAL EDGE: Let’s shift gears and get into Apollo’s Mexico project, Cinco de Mayo. For the benefit of our readers, this one is a bit of a dark horse which is why we at The Critical Edge like it so much. I remember when MAG Silver was active on this project. High grades, high tonnage, and two deposits. Given its location on the Central Belt, I’d personally bet there’s a lot more to uncover. What are the geological highlights for Cinco de Mayo?
ROSS MCELROY, President and CEO, Apollo Silver: Well, it’s an absolutely beautiful world-class asset. The majority of the drilling was done by MAG Silver back between 2008 to 2012. And they outlined a truly significant Carbonate Replacement Deposit (CRD), as they’re commonly known in this business. CRD’s can often be large tonnage and high-grade silver, zinc, lead deposit with gold and some copper in the system as well.
Cinco de Mayo hosts a truly significant CRD in a corridor that has a number of world-class operations within itit, located in Northern Mexico, in the state of Chihuahua.
THE CRITICAL EDGE: There is of course a reason we call this project a dark horse which has been dormant since 2012, and that’s the relationship with the local community. What makes you confident that Apollo can restore that social license?
ROSS MCELROY, President and CEO, Apollo Silver: Yes, I believe we can. Back in 2012 , the relationship with the local ejido went sideways for MAG Silver but that was 13 years ago. Today, we have a whole new generation of people in place: the community leadership is different now. In fact, the president of the local community is much more receptive and resource friendly; much more pro-resource development. I think a number of the community members are definitely interested in seeing a company like Apollo take this project forward, which would absolutely have meaningful economic impact on this small community. Presently, the main economic activity is subsistence farming of pecans and various chili peppers. It’s a relatively poor local economy. So, I think having a project such as Cinco de Mayo, can quite meaningfully change their economic situation there by providing jobs, providing services and generally sharing in the success of our project, which can help support the community. And I think they’re very receptive to us running the project and building a trusting relationship with a meaningful access agreement.
THE CRITICAL EDGE: Do you have a timeline for expected progress with the community?
ROSS MCELROY, President and CEO, Apollo Silver: We’re making significant progress right now and I think we can get there over in the near future. We have a community management team in place in Mexico as we speak that are communicating with the members of the community and the leadership down there. We are building a positive relationship.
The community has to hold a vote that lifts their ban on mining and access to t Cinco de Mayo. So, if we keep the progress up at community level, I think we could have something – an agreement in place that would allow us to work in the near future.
To be clear, I don’t have a specific timeline, but let’s say I’m optimistic that we will make progress in 2025.
THE CRITICAL EDGE: Assuming that Apollo is successful with restoring the social license, what can we expect to see in terms of initial work programs and focus?
ROSS MCELROY, President and CEO, Apollo Silver: The key commitment for the option agreement is to drill 20,000 metres of drill holes.
One of the main targets that we would test sits at around a depth of 800-900 metres. That would be the Pegaso zone. That was the last discovery that MAG Silver made back in the day. They tapped into this beautiful well mineralised zone; it had multiple wide intersections of ore-grade of silver, zinc, and lead.
For me, 20,000 metres is probably about a six month program. So if we were to get community access this calendar year, then we’ll immediately be working towards getting permits in place so we could be drilling by early 2026. Hopefully, we will have made our option commitments on the 20,000 metres during 2026.
THE CRITICAL EDGE: Between Calico and Cinco de Mayo, it seems like your team has its hands full. Lots of opportunity but a lot of work for a streamlined team. You recently hired some additional technical expertise. Can we expect further expansion?
ROSS MCELROY, President and CEO, Apollo Silver: Yes, I think so. When you have a company like Apollo Silver, which has very successful management and great assets, you’re going to attract world-class talent, and that’s something we plan to do. My whole focus with Apollo is to build the company; I’m a company builder, and this to me is a perfect opportunity.
We’ll be doing the same thing in Mexico that we’re doing in California, meaning at the end of the day, we’re going to have two very busy projects and lots of good news, which will allow us to take advantage of the wonderful silver market that we find ourselves in – and provide investors with a great opportunity by having fantastic assets that can be developed.
THE CRITICAL EDGE: As an investor myself, I love getting into the detail, but I want to leave the conversation with the most important points firmly in my mind. If I gave you no more than 60 seconds to pitch me, what do I absolutely have to know about Apollo’s potential to grow in value over the next twelve months.
ROSS MCELROY, President and CEO, Apollo Silver: First of all, if you love the silver sector and are a believer in it, then next you want to look at management that has been successful in the past. You’ll find that everyone from Andy Bowering, who started this company, to my own background and track record, to the rest of the team – we have all been very successful in creating a lot of value for companies by advancing projects. You want to place your bet behind people who are seriously successful in this business, and I think investors should take note of Apollo.
Investors can also take comfort in the safe, investor-friendly jurisdictions Apollo Silver works in, both the US and Mexico, combined with our world-class assets and top technical expertise. These factors provide everything you’re looking for in an investment thesis.
So we like silver but do we like Apollo Silver? The mining industry knows there is a silver supply deficit and strong future demand, which means it’s a race to get into production. Apollo has a US project that could end up in production very quickly (that’s to say quickly for the mining industry where progress is measured in months and years) and a Mexico project that could add a massive amount of high-grade silver to this undervalued junior.
Are they serious about moving forward? We think so. Why appoint a CEO who specializes in moving projects forward on time and on budget if you’re not serious about real advancement. It’s too early to tell if Apollo will be able to build the next silver powerhouse but we think this is a dark horse play that is well worth keeping a close eye on.
