Drilling Of Step-Out Hole At Mogollon Property

VANCOUVER - Summa Silver Corp. reported high-grade silver and gold drill results from the Mogollon Property near Silver City, New Mexico. 31.0 m at 459 g/t silver equivalent (3.88 g/t Au, 129 g/t Ag) including 0.5 m at 6,311 g/t silver equivalent (66.8 g/t Au, 638 g/t Ag) and 2.0 m at 1,223 g/t silver equivalent (9.32 g/t Au, 431 g/t Ag) in MOG22-05 where total grade thickness through all mineralization is 14,233 g/t AgEq. Aggressive Step-Out: Hole MOG22-05 is a 270 m step-out from previously reported MOG22-04 which intersected 11.6 m at 450 g/t silver equivalent (2.7 g/t Au, 220 g/t Ag). The newly drilled mineralized zone at the Consolidated Extension target remains open to expansion in all directions. The Company anticipates a minimum of 25,000 m of drilling in 50 holes is necessary for a spacing of approximately 50 m between holes covering an area of approximately 500 x 300 m to publish its first resource estimate on this first Mogollon property target. The Consolidated Extension target represents only 1.5% of the total prospective vein and structure length present on the property. All other prospective areas remain largely un-explored. Drilling to Resume at Mogollon: The Company is planning to resume drilling at Mogollon within 30 days and after the completion of required ongoing wildlife surveys. Drilling Ongoing at the Hughes Property: The core drilling program at the Hughes Property at Tonopah, Nevada continues to be fully operational and assays for 5 additional holes are pending.

Galen McNamara, CEO, said, "With only 6 holes drilled at Mogollon, and all of them hitting substantial high-grade silver and gold, it is clear we are only in the very early innings here. Hole MOG22-05 is also the strongest hole drilled to date by the Company. It already stacks up very favorably when compared to world-class drill results from our much more advanced peers featuring substantially higher market capitalizations. We look forward to continuing to aggressively drill-out this high-grade zone and our Hughes Property in Nevada this year."