Exploration at Los Gatos yields favorable findings, as reported by First Majestic.

First Majestic Silver Corp Discovers Significant Silver and Base Metal Mineralization at Los Gatos Silver Mine

First Majestic Silver Corp, a company based in Mexico, is conducting expansion drilling at the Los Gatos Silver Mine in Chihuahua, Mexico. The exploration drilling in the Central and North-West Deeps zones has confirmed the presence of silver and base metals mineralization at depth.

In the Central Deeps zone, significant drill hole intercepts include GA-CZ-617, GA-CZ-620, and their respective includes. GA-CZ-616 intercepted 348 g/t AgEq, GA-CZ-620 intercepted 538 g/t AgEq, and GA-CZ-620's include intercepted 694 g/t AgEq. Similarly, in the South-East Deeps zone, GA-SE-611 intercepted 366 g/t AgEq, GA-SE-DV-612 intercepted 711 g/t AgEq, and GA-SE-615 intercepted 330 g/t AgEq. Significant drill hole intercepts in the South-East Deeps zone also include GA-SE-611, GA-SE-DV-612, and GA-SE-615.

Ongoing drilling in the Central and North-West Deeps zones is testing the lithological-structural model to determine mineralization controls. Drilling in the Central and North-West Deeps zones identified a faulted offset from the main Los Gatos deposit. The exploration programs are designed to expand silver, zinc, lead, copper, and gold mineralization in the South-East Deeps, Central Deeps, and North-West Deeps zones.

Drilling at exploration targets in the Central and North-West Deeps zones will tighten to Inferred drill hole spacing throughout the remainder of 2025. Ongoing drilling at the South-East Deeps zone has also intersected significant silver and base metal mineralization.

Keith Neumeyer, President & CEO of First Majestic, stated that the drilling results reinforce the potential for significant exploration upside at Los Gatos. It's worth noting that the drilling results were not included in the company's year-end Mineral Reserve and Mineral Resource Estimates.

In the North-West Deeps zone, GA-NW-623 intercepted 152 g/t AgEq. The significant intervals returned from this drill program continue to grow and refine the areas of interest, with recent results indicating that the system remains open along strike to the northwest.

First Majestic Silver Corp's exploration programs at the Los Gatos Silver Mine aim to unlock the mine's full potential, and the latest drilling results suggest that the company is on the right track.