MetalSource Mining Announces Strategic Land Expansion at Silverhill Project

January 14, 2026 4:30 AM EST | Source: Metalsource Mining Inc.

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2026) - MetalSource Mining Inc. (CSE: MSM) (OTCQB: SFRIF) (Frankfurt: E9Z) is pleased to announce the expansion of its Silver Hill exploration land package through the addition of two strategically located properties totaling approximately 97.6 acres. These two properties have been optioned from the underlying holders of the Mineral Exploration Licenses.

The newly added lands include:

  • The Hinkle Lands (85.5 acres), located along strike of the Silver Hill mineralized trend and aligned with a previously identified Cyprus IP anomaly; and
  • The Adkins Tract (12.07 acres), located immediately east of and adjacent to the central mineralized zones at Silver Hill.

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Figure 1: Claims map, including new claims.

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This expands the Silver Hill Project to encompass 512.21 acres. Both properties are held under five-year Exploration Licenses with Option to Purchase, renewable annually, and provide MetalSource with immediate access and full exploration rights. The Company retains the flexibility to drop either property at any time. These licenses come into the land package as part of the underlying option agreement with Goldstrike Minerals, LLC.

The land expansion strengthens MetalSource's position at Silver Hill by extending coverage along interpreted mineralized trends and across areas considered prospective based on geological and geophysical data.

The Silver Hill project is located on private land in Davidson County, North Carolina, a mining-friendly jurisdiction and is recognized as America's first silver mine. The Company is advancing the project using modern exploration techniques, including diamond drilling and geophysical surveys.

Joe Cullen, CEO:

"This is an exciting step for Silver Hill. Expanding the land package in these key areas gives us the room we need to evaluate the system as drilling and geophysics continue to deliver new insights."

Silver Hill Project

Located in the Carolina Terrane, the property is underlain by volcaniclastic and volcano-sedimentary rocks predominantly of Neoproterozoic and Cambrian age. This terrane has been suggested to be an extension of the Avalon Terrane. The property is 1,128 acres located in Davidson County, North Carolina. As the first significant discovery and first silver-producing mine in America, there is an extensive drillhole database, underground mapping, historic dumps and underground chip samples which comprise the historic dataset. This mineralization is currently known to extend to 550m from surface, in a steeply trending series of lenses, which remain open in multiple directions. Bolstering these historic records, recent surface sampling contained results including SH25-003 containing 444g/t Ag, 17.7 g/t Au, 8.61% Pb and 0.507% Zn.

All scientific and technical information in this news release has been reviewed and prepared under the supervision of Rory Kutluoglu, P.Geo., a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

About MetalSource Mining Inc.

MetalSource Mining Inc. is a Canadian mineral exploration company focused on advancing high-potential mineral assets through modern, systematic exploration and value-driven discovery.

For further information, please contact:
Joe Cullen CEO - Metalsource Mining Inc.
Tel: (778) 919-8615
Email: jcullen@metalsourcemining.com

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280314

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Source: Metalsource Mining Inc.

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