Initial Assay Results And Restart Progress Update Revenue Virginius Mineralization

VANCOUVER - Aurcana Silver Corporation reported the results of the first assays after accessing the Virginius Vein on the 1800 level as well an update on progress towards first production. The initial samples of the Virginius Vein intersection on the 1800 level assayed 38.611 ounces per ton (opt) (1,323.8 g/t) of silver equivalent over a vein width of 2.5 feet, including 85.782 opt (2,941.1 g/t) of silver equivalent1 over 0.6 feet. These results compare favorably with the reserve grade in this location of 24.7 opt (846.8 g/t) silver equivalent1 over 1.4 feet as reported in the 2018 feasibility study (the “2018 FS”) prepared in accordance with National Instrument NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).