Discovery Reports Second Quarter 2024 Financial Results

TORONTO, August 13, 2024 (GLOBE NEWSWIRE) — Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced financial results for the three months (“Q2 2024”) and six months (“YTD 2024”) ended June 30, 2024. The Company also provided a summary of key events in 2024 relating to Discovery’s 100% owned Cordero silver project (“Cordero” or the “Project”) located in the State of Chihuahua, Mexico. All figures are in Canadian dollars unless otherwise stated.

Tony Makuch, CEO, noted: “Discovery’s most significant milestone to date in 2024 was the publication of the results of the Cordero feasibility study (the “Feasibility Study”) in February and the subsequent submission of the technical report at the end of the first quarter. The Feasibility Study clearly established Cordero as one of the world’s largest and most valuable silver development projects with reserves of 302 million ounces of silver, expected annual silver equivalent (“AgEq”)¹ production of 37 million ounces (“Moz”) over the first 12 years, low unit costs in the lower half of the industry cost curve that will deliver attractive economic returns, and massive leverage to higher silver prices.