Highlander Silver Corp. provided drilling results from its Alta Victoria project in Central Peru and provide updates regarding on-going work at the Company´s Politunche project and generative program. Alta Victoria 2022 drill program The program comprised 1,800.5m of diamond core drilling in 10 holes, and was designed to achieve the following objectives: Complete follow up drilling from the 2020 programme at the Santa Teresita target, and test depth extents of previously undrilled outcropping mineralization; Complete first pass reconnaissance drilling in the Pachas area, testing the Adriana North and Buena Estrella targets.

Santa Teresita Drilling: Total drilling of 1,092.5m in six holes. Drilling successfully tested depth extents of outcropping breccias and replacement style mineralisation, returning significant intercepts in holes drilled in sections approximately 100 metres apart. Drill hole AV22-12 returned 4.0m of 0.08 g/t Au, 42.54 g/t Ag, 0.96% Pb and 1.81% Zn for 153.2 g/t AgEq from 71.90m.

AV22-14, drilled in the same section, returned 7.9m of 0.79 g/t Au, 64.53 g/t Ag, 0.82 % Pb and 1.82% Zn for 231.63 g/t AgEq from 68.60m. AV22-17 drilled approximately 100m to the South targeting the same mineralised trend returned 4.70m of 1.13 g/t Au, 13.18 g/t Ag, 0.25% Pb and 1.50% Zn for 178.15 g/t AgEq from 100.50m. AV22-17 also intersected a number of other mineralised intervals supporting the concept of potentially continuous mineralisation from that reported 100m to the North.

Discussion The silver, gold, lead, zinc and manganese sulphide (alabandite) mineralisation drilled at Santa Teresita is analogous to the upper levels of several significant deposits in the Miocene Polymetallic Mineral Belt of central Perú. Many of these deposits sit on or near the regionally significant Alpamarca fault. Particularly of note is the Uchucchacua Mine where historic high grade silver production totals over 310 Moz since production began in 1975 (Buenaventura, 2022 Investor Presentation).

The presence of alabandite is diagnostic of the upper levels of Uchucchacua which carries moderate grades of silver and base metals. In addition, manganiferous calcite veins associated with zones of hydrothermal alteration and mineralisation present at Alta Victoria are also noted at Uchucchacua, further suggesting that similar ore- forming processes were in play at the time of deposit formation. A comparison of the relative depths of emplacement of alabandite and base metal emplacement at these two mineral systems, and review of the mining levels at Uchucchacua indicates that significant potential remains at Alta Victoria some 100m to 300m below the current depth of drilling.

Pachas Area ­ Adriana North and Buena Estrella targets Four drill holes totaling 708m tested silver, lead, zinc and gold manto-style mineralisation mapped and sampled at the Adriana North artisanal mine, and a northeast trending mineralised structural corridor. Two holes, AV22-08 and AV22-11 returned short (<2m) mineralised intercepts of note, however the Company does believe that these results warrant follow up at this time, allowing for full focus on the Santa Teresita target. Other areas of focus: Politunche high grade silver ­ gold project Following the purchase of Solitario Zinc´s Politunche data set, the Company has integrated all available data resulting in the definition of new target areas around subvolcanic dome margins.

These areas require detailed mapping and sampling as the next step to developing drill targets. This work, plus refining existing gold targets at the North of the property, will be completed before year end. Central Andes generative program The Company recognises that current challenging market conditions are an opportunity to identify and acquire compelling projects that have the potential to yield economic discoveries in the near to medium term.

As such, a systematic review of opportunities in the Central Andes region has begun and further news on this program is expected over the coming months.