Prince Silver Delivers Further Strong Drill Results, Highlighted by 7.62 Metres of 230 G/T Silver, 10.78% Manganese, 1.87% Lead, 2.54% Zinc and 0.58 G/T Gold

VANCOUVER, BC / ACCESS Newswire / March 19, 2026 / Prince Silver Corp. (CSE:PRNC)(OTCQB:PRNCF)(T130:Frankfurt) ("Prince Silver" or the "Company"), is pleased to announce a new set of robust assay results from its ongoing reverse circulation ("RC") drill program at the Prince Silver Project (the "Project") in the prolific Pioche Mining District, Lincoln County, Nevada. (See Figure 2 below for the Project location)

The latest results from drill holes PRC-31 through PRC-40 continue to demonstrate the Project's compelling scale and consistency, intersecting broad zones of polymetallic mineralization across multiple stacked stratigraphic horizons. These results further reinforce the Company's interpretation of the Prince Silver Project as a large, laterally extensive, stratigraphically controlled mineralized system with significant upside potential.

New RC Drill Hole Highlights:

PRC-37:

From 170.69-178.31 Metres

• 7.62 metres grading 230.20 g/t Silver (Ag), 10.78% Manganese (Mn), 1.87% Lead (Pb), 2.54% Zinc (Zn) and 0.58 g/t Gold (Au); and

From 245.36-271.27 metres

• 25.91 metres grading 0.95 g/t Au, 28.85 g/t Ag, and 1.02% Zn

Including from 251.46-260.60 metres:

• 9.14 metres grading 1.73 g/t Au, 58.08 g/t Ag, and 1.96% Zn

PRC-31:

From 193.55-204.22 metres

• 10.67 metres grading 118.57 g/t Ag, 9.98% Mn, 1.17% Pb, 1.64% Zn and 0.317 g/t Au

PRC-32:

From 144.78-149.35 metres

• 4.57 metres grading 223.67 g/t Ag, 3.29% Mn, 1.62% Pb, 2.43% Zn and 1.91 g/t Au; and

From 176.78-198.12 metres

• 21.34 metres grading 32.09 g/t Ag, 5.12% Mn, 0.99% Pb, and 2.22% Zn

PRC-35:

From 233.17-242.32 metres

• 9.14 metres grading 55.5 g/t Ag, 3.95% Mn, 1.52% Pb, and 1.33% Zn

These latest results build on the Company's previously reported January 13, 2026 drilling highlights, including 3.05 metres grading 1,331.00 g/t Ag, 14.17% Mn, 2.19% Pb, and 4.45% Zn in hole PRC-28, and 3.05 metres grading 355.25 g/t Ag, 4.78 g/t Au, 2.69% Pb, and 4.72% Zn in hole PRC-27.

Derek Iwanaka, Prince Silver CEO commented:

"These latest results continue to highlight the exceptional scale, strength, and consistency of the Prince Silver Project's expanding mineralized system. Standout intercepts from holes PRC-37, PRC-31, and PRC-32 rank among the most compelling encountered to date, delivering impressive combinations of high-grade silver, gold, and strong polymetallic credits over meaningful widths across multiple stacked horizons.

Importantly, drilling such as PRC-39 and PRC-40 is further refining the outer limits of the system, significantly enhancing our geological model and targeting precision as we step out with confidence. With two rigs actively drilling and the program now expanded to approximately 9,000 metres, we believe the Prince Silver Project Is continuing to demonstrate the characteristics of a large-scale polymetallic discovery."

Strongest Holes Continue to Support Scale and Continuity (See Figure 1 for drill hole locations)

The strongest holes in this batch were holes PRC-37, PRC-31 and PRC-32, each of which intersected meaningful mineralization across important target horizons.

PRC-37 is particularly significant, returning both a high-grade silver-manganese-lead-zinc interval in the Combined Metals Bed and a broad deeper gold-silver-zinc interval. The upper interval from 560 to 585 ft ranks among the strongest silver-rich intercepts drilled to date, while the deeper 85 ft (25.9 m) interval from 805 to 890 ft (245m to 271m) highlights the potential for a substantial mineralized package with meaningful gold content.

PRC-31 returned a strong 35 ft interval grading 118.57 g/t Ag and 9.98% Mn, with associated lead and zinc, further supporting continuity within one of the Company's priority stratigraphic targets.

PRC-32 returned two notable intervals, including a high-grade upper intercept from 475 to 490 ft with strong gold and silver values, and a broader 70 ft interval from 580 to 650 ft characterized by consistent manganese, lead and zinc mineralization. Together, these results continue to demonstrate the presence of stacked mineralized zones across multiple stratigraphic levels.

PRC-35 also returned several mineralized intercepts across the A-Shale, Susan Duster, and Combined Metals Bed, further reinforcing the interpretation of a laterally extensive, multi-horizon system.

Step-Out Holes Help Refine the Mineralized Footprint

Two step-out holes were drilled to provide valuable information to help define the system's scale, geometry, and controls.

PRC-38 was terminated early due to faulting. While the target interval was not reached, the structural disruption offers useful insight into offsets of mineralized horizons.

PRC-39 was drilled along the eastern extent of the Exploration Target area* and did not return significant intercepts, but it is important in defining the outer boundary of mineralization and improving targeting precision.

Similarly, PRC-40 was also drilled to test the easternmost limits of the Exploration Target* area and appears to have largely missed the main mineralized area, although it did intersect one narrow interval of elevated silver and gold values.

Other holes returned narrower or moderate intervals, consistent with the Company's geological model, which anticipates variability due to faulting, stratigraphy, and bed geometry.

Figure 1. Drill Hole Location Map

Ongoing Exploration

Drilling is ongoing with two rigs currently operating at the Prince Silver Project. The Company has now completed most of its first phase of drilling under the expanded RC program and is currently drilling holes PRC-47 and PRC-48.

The Company expanded its original RC drill program to approximately 9,000 metres (31,000 feet) to support step-out and infill drilling, validate historical results, and advance the Project toward a maiden NI 43-101-compliant mineral resource estimate.

Based on progress to date, the Company expects to continue drilling immediately following completion of the first phase and, as a result, no stoppage in drilling is currently expected in the coming months.

Historic and current drilling at Prince has encountered multiple gently dipping mineralized beds within both a carbonate replacement deposit ("CRD") environment and a distal disseminated sediment-hosted gold-silver system.

Figure 2. Prince Silver Project Location Map

*Exploration Target

Historical drilling at the Prince Project identified an exploration target (the "Exploration Target") as outlined in an independent historic report prepared following JORC guidelines (JORC standards for the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) by OmniGeoX Exploration Consultants of Perth, Australia, based on historical surfaceand underground drilling. The report is titled "Prince Project Exploration Target", dated April 24, 2024, authored by Dr. Lachlan Rutherford and Michael Martin (OmniGeoX Exploration Consultants, 2024, Prince Project Exploration Target, Independent Report prepared for Prince Silver Corp.).

The Exploration Target was basedon 129 historic drill holes drilled throughmineralized carbonate replacement beds and host Pioche Shale up to 300 metres in depth. Mineralized polymetallic intersections based on historical block modelling suggest the immediate Exploration Target is between 25-43Mt with grades ranging from 1.44-1.57% Zn, 0.78-0.87% Pb, 0.28-0.40g/t Au, 37-40g/t Ag and 3.62-4.30% Mn.

More comprehensive details on the Exploration Target and historic production are also available in the Company's press release dated February 27, 2025, available on the Company'swebsite and at SEDAR+.

* Readers are cautioned that the Exploration Target is not an "inferred", "indicated" or "measured" mineral resource compliant with National Instrument 43-101 ("NI 43-101"). The Exploration Target has been determined based upon 129 historic drill holes totaling 16,606 metres, historic production records including mine level plans and 3D modelling of mineralization and geology.The potential quantityand grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to define a mineral resource and, it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource.

Table 1: Significant Assays Results for Drill Holes PRC 31 - 40