Outcrop Silver & Gold Ramps Up Exploration at Flagship Santa Ana Project in Colombia

• Outcrop Silver & Gold has made significant discoveries at their flagship Santa Ana project and is now focusing on expanding the resource.
• After raising $4.5 million, the company is planning to grow their maiden resource number from 37.7 million silver equivalent ounces to 50 million by drilling another 12,000 meters.
• They aim to improve their discovery rate from 630 silver-equivalent ounces per meter to around 1,000 silver-equivalent ounces per meter by drilling deeper and leveraging acquired knowledge.
• Their long-term goal is to reach 100 million ounces, which they believe will attract potential buyers, especially given the high grade of their discoveries.
• Outcrop acknowledges the challenges and nuances of operating in Colombia, but remains optimistic about the country's potential and commitment to environmental and social responsibility.

About Outcrop & Silver Gold

Outcrop Silver & Gold Corp. (TSXV: OCG) is rapidly advancing exploration at its flagship Santa Ana high-grade silver-gold project in northern Tolima, Colombia. The company is now funded to expand the maiden mineral resource estimate to over 50 million silver equivalent ounces in the next 12 months through a 12,000 meter drill program. With proven high-grade veins open at depth and many new vein targets identified, Santa Ana offers exceptional discovery potential to fuel further resource growth.

Highlights:

• Maiden resource estimate of 37.7 million AgEq ounces at grades of 446 g/t silver and 2.3 g/t gold
• New funding secured - $4.5 million raise to support 12,000 meter drill program
• Goal to increase resources to over 50 million AgEq ounces within 12 months
• Proven discovery rate of 630 AgEq ounces per meter drilled
• 35 vein targets mapped, with at least 11 high-priority targets
• Multiple vein extensions and new veins discovered adjacent to the current resource
• Open at depth with the potential to extend high-grade shoots down plunge
• 100% owned with no royalties, in a pro-mining jurisdiction

Interview with President & CEO, Joe Herbert

Exceptional First-Pass Discovery Rate Demonstrates Resource Expansion Potential

Outcrop has an enviable track record of exploration success at Santa Ana, delineating 37.7 million AgEq ounces with just 56,000 meters of drilling. This equates to a remarkably efficient discovery rate of 630 AgEq ounces per meter drilled.

According to CEO Joe Hebert, through improved knowledge of vein controls, Outcrop is targeting an increased discovery rate of 1,000 AgEq ounces per meter for the next phase of drilling. The planned 12,000 meter program is projected to expand the resource base by 12.3 million AgEq ounces.

Multiple Vein Targets to Support Resource Growth

While current resources are focused on 7 principal veins, geological mapping has delineated 35 vein segments over 18 kilometers of cumulative strike length on the project. At least 11 of these veins display high grades at the surface, with trench samples returning 1-2 kg/t AgEq.

Recent exploration adjacent to the maiden resource area successfully discovered new vein extensions and intersecting veins, increasing the vein width by up to 100% locally. The company sees strong potential for new near-surface discoveries along strike from the known veins.

Deeper drilling will also expand resources by extending bonanza grade shoots defined at El Dorado and Santa Ana veins that remain open down plunge. Outcrop has a clear understanding of shoot controls from previous drilling, giving confidence in expanding the high-grade resources at depth.

Colombia Offers Stable Mining Environment

Despite some recent anti-mining rhetoric from the new leftist government, Colombia still offers a stable and relatively safe jurisdiction for mineral exploration. The Santa Ana project maintains strong local community support, with over 70% approval ratings. Outcrop continues to invest significantly in social programs to maintain its social license.

While some major miners are cautious about expanding in Colombia currently, the government aims to support the development of projects that contribute to economic growth. As a relatively advanced project with exceptional exploration results, Santa Ana is well-positioned to fast-track to production.

Strong Shareholder Base

Outcrop Silver & Gold is backed by strategic investor Eric Sprott, who increased his ownership to over 25% in the latest financing round. Sprott's willingness to continue accumulating shares provides a strong vote of confidence in the project.

With a tight share structure, no NSR royalties, and advanced infrastructure, the Santa Ana project offers exceptional leverage to exploration success. The maiden resource estimate proves the potential of this new bonanza-grade silver district. With funding secured for rapid resource expansion, Outcrop Silver & Gold offers an attractive opportunity for investors seeking high-grade silver and gold exposure.

The Investment Thesis

• High leverage to exploration upside due to tight share structure - Any new discoveries and resource growth can translate into substantial share price gains
• Clear path to fast-track the project to production - Existing infrastructure and ease of permitting allow for rapid advancement once resources are sufficient
• Potential to be a low-cost, high-grade producer - Simple vein deposits amenable to lower-cost narrow vein mining methods, providing protection against silver/gold price volatility
• Backed by a proven, experienced management team - Outcrop's technical team has a track record of successfully exploring, permitting, financing and building mines
• Further regional exploration upside on extensive land package - Early-stage work has defined multiple new vein targets that could deliver additional discoveries
• Strategic shareholder backing from Eric Sprott - Willingness to increase ownership provides a strong vote of confidence in the project
• Tier one mining jurisdiction - Colombia offers stability and infrastructure critical for mine development
• Exceptional first-pass discovery efficiency - Impressive maiden resource delineated with minimal drilling underscores resource growth potential
• Funding secured to rapidly expand resources - $4.5M raise will support 12,000m drill program targeting over 50Moz AgEq

Santa Ana provides an attractive opportunity for investors seeking leveraged exposure to high-grade silver/gold exploration upside, with clear potential to fast-track the next major precious metals mine in Colombia.