Discovery Silver Corp. announced that the Company and Taykwa Tagamou Nation ("TTN") have entered into a Resource Development Agreement ("RDA"). The RDA is intended to establish a framework for ongoing consultation and communication for the purpose of establishing a cooperative, mutually beneficial and respectful relationship between the parties and provide a basis for support of Discovery's mining and mineral processing activities within TTN's traditional territory.

In connection with the entering into the RDA, TTN will file a notice of discontinuance in the Ontario Superior Court of Justice with respect to an action brought by TTN which named the Company as a defendant.