Acquisition supports Discovery’s vision to more than double gold production in Timmins to over half a million ounces per yearStudy advancing for construction of new conventional gold processing circuit at Kidd Met Site; Future production from Hoyle Pond, Pamour, Borden and TVZ expected to be processed at the Met Site, with Dome Mill to be dedicated for processing material from Dome Mine following an anticipated resumption of operations Surface access at Kidd Met Site to support planned future expansion of Hoyle Pond and Pamour, and provide valuable locations for surface exploration Attractive potential synergies for Hoyle Pond and Pamour, including reduced haulage costs, greater efficiency in waste rock deposition and the potential use of gold tailings at the Kidd tailings management area ('Kidd TMA”) Provides exposure to critical minerals at Kidd Creek Mine, including copper, zinc and silver (expected production for remainder of 2026 includes 10 - 15 thousand tonnes of zinc, 5 - 7 thousand tonnes of copper and approximately 0.4 million ounces of silver)Delivers large, high-potential exploration land position north of Timmins through acquisition of Kidd Creek Timber Ltd. TORONTO, June 01, 2026 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) ('Discovery” or the 'Company”) today reported the completion of the previously announced acquisition of Glencore Canada Corporation’s ('Glencore”) 100% interest in the Kidd operations ('Kidd” or 'Kidd Operations”) in Timmins, Ontario (the 'Transaction”). The Kidd Operations include the Kidd Metallurgical Site ('Kidd Met Site” or the 'Met Site”), the Kidd Creek copper, zinc and silver mine ('Kidd Creek Mine” or 'Kidd Creek”), and the Kidd Creek Timber Ltd. exploration land package. All amounts are in US dollars unless otherwise specified.