Discovery Announces Key Appointments to the Board and Management Team - Seite 4

Pursuant to the Company's restricted share unit plan, an aggregate total of 866,148 Restricted Share Units ("RSUs") were granted to these new officers, employees and advisors. The RSUs, each redeemable for one common share of the Company, vest annually in three equal tranches beginning on the first anniversary of the grant date of July 12, 2024.

Pursuant to the Company’s deferred share unit plan, an aggregate total of 395,972 Deferred Share Units (“DSUs”) were granted to Mr. Olson on his appointment as non-executive director. The DSUs vest on the first anniversary of the grant date of August 21, 2024 but can only be redeemed following the termination date of a director, in accordance with the DSU plan.

About Discovery

Discovery’s flagship project is its 100%-owned Cordero project, one of the world’s largest silver deposits. The PFS completed in January 2023 demonstrates that Cordero has the potential to be developed into a highly capital efficient mine that offers the combination of margin, size and scalability. Cordero is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.
  

On Behalf of the Board of Directors,

Tony Makuch, P.Eng
President, CEO & Director

For further information contact:

Forbes Gemmell, CFA
VP Corporate Development
Phone: [phone]
Email: [e-mail]
Website: www.discoverysilver.com

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This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.