Silver Wolf Reports Contact Skarn Intercepts From the Ongoing Drill Program at the Ana Maria Property

About this update from Silver Wolf Exploration Ltd.

VANCOUVER, BC / ACCESS Newswire / June 30, 2026 / Silver Wolf Exploration Ltd. (TSXV:SWLF) ("Silver Wolf" or the "Company") is pleased to provide an update on the ongoing drilling program at the La Recompensa Au-Zn contact skarn target within the Ana Maria claims. Of particular significance, one drill hole (LRE26-05) intercepted 2.78 metres of garnet-magnetite-hematite skarn at the contact between limestone and the El Sarnoso intrusive rock. The Company has now completed five (5) diamond core drill holes totaling 1,301 metres reaching the halfway point of the planned program (Figure 1). Drilling is proceeding on schedule, and the team continues to make strong progress across the property. At drill hole LRE26-05, which drilled at an azimuth of 310° and a dip of -45°, Silver Wolf intercepted 2.78 metres of garnet with magnetite and hematite at the contact between re-crystallized Early Cretaceous Aurora limestone and the El Sarnoso granodiorite intrusion. Iron-oxide staining was observed at the contact zone and could indicates the presence of weathered sulfides and might increase the potential for Au mineralization. The team reports multiple intercepts of magnetite and garnet-rich contact skarn with epidote, chlorite and hematite for drill holes completed so far, which can be seen in Figure 2. Garnet-magnetite skarn veins and veinlets are encountered irregularly in the granodiorite intrusion, pointing to skarn mineralization and new Au-Zn skarn targets with the El Sarnoso intrusion. "The contact skarn intercepted so far confirms our expectation of the Au-Zn target skarn extending along the boundary of the large circular El Sarnoso intrusion," said Peter Latta, President. "Our next steps are to build on Au-Zn results of 37 g/t gold and 7.6% zinc values discovered from channel sampling at the contact zone in January 2022 and encounter further Au-bearing skarn zones." As detailed in the QA/QC section below, samples from all 5 drill holes have been processed, split and submitted to a commercial laboratory (SGS) for analysis by gold fire assay and acid digestion multielement packages; however, there are longer than normal turnaround times due to a backlog at the laboratory. Full assay results will be reported once processing has been completed. Silver Wolf expects to complete the drill program this summer with the full results to be released in Q3/Q4 2026. Figure...

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