Discovery reports annual general and special meeting results

Discovery Silver Corp. changes name to Discovery Mining Ltd. TORONTO, June 22, 2026 (GLOBE NEWSWIRE) -- Discovery Mining Ltd. (TSX: DSV, OTCQX: DSVSF) (“ Discovery ” or the “ Company ”) today announced the results of voting at its Annual General and Special Meeting (“ AGM ”), held on June 22, 2026. Among the motions overwhelmingly approved at the AGM, was a resolution to change the Company’s name from Discovery Silver Corp. to Discovery Mining Ltd. (website address: www.dsvmining.com ). The new name reflects Discovery’s transformation into a growing gold producer, with a production profile that also includes copper, zinc and silver.

The Company also continues to advance the Cordero silver project in Mexico, one of the world’s largest undeveloped silver deposits. Shareholders also voted overwhelmingly in support of the election of all director nominees as further set out below: In addition, other motions passed at the AGM include: (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year; (ii) the continuation of the Company’s corporate existence from British Columbia’s Business Corporations Act to Ontario’s Business Corporations Act ; and (iii) a resolution empowering the Company’s Board of Directors to determine the number of directors of the Company from time to time, within the minimum and maximum set out in the Company’s articles, by a resolution of the directors, subject to the limitations set out in Ontario’s Business Corporations Act . Further details on these items can be found in the Company’s Management Information Circular dated May 13, 2026 and the formal report on voting results with respect to all matters voted upon at the Meeting, filed SEDAR+.

Details of the vote are set out below: ABOUT DISCOVERY Discovery is a growing precious metals company that is creating value for stakeholders through exposure to gold, silver and other critical minerals. The Company’s silver exposure comes primarily from its first asset, the 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. In April 2025, Discovery acquired the Porcupine Complex, transforming the Company into a new Canadian gold producer with multiple operations, attractive growth projects and significant exploration upside in one of the world’s most renowned gold camps in and near Timmins, Ontario.

The acquisition of the Kidd Operations in June 2026 further increased Discovery’s land position within the camp, provided valuable infrastructure that will support the Company’s efforts to more than double annual gold production, and added critical minerals (copper, zinc and silver) to the Company’s current production profile.    On Behalf of the Board of Directors, Tony Makuch, P.Eng. President, CEO & Chairman For further information contact:          Mark Utting, CFA SVP Investor Relations Phone: 416-806-6298 Email: mark.utting@dsvmining.com Website: www.dsvmining.com Globe Newswire June 22, 2026 - 3:00 PM PDT News by QuoteMedia www.quotemedia.com