Maiden M&I Resource Estimate at High-Grade JAC Zone: 5.3 Mt at 212 g/t AgEq Containing 36 Moz AgEq

Toronto - November 27, 2023: AbraSilver Resource Corp. (TSX.V:ABRA; OTCQX: ABBRF) ("AbraSilver" or the “Company”) is pleased to announce a substantial increase to the Mineral Resource estimate (“MRE”) on the Company’s wholly-owned Diablillos property in Salta Province, Argentina (“Diablillos” or the “Project”). The MRE comprises an updated estimate for the Oculto deposit plus estimates for the JAC, Fantasma and Laderas deposits, all of which are located to the west/southwest of Oculto. All four deposits are located at Diablillos.

Key Highlights of the Updated MRE Compared to the MRE Announced November 3, 2022:

A 36% increase in total contained silver in Measured & Indicated (“M&I”) Mineral Resources to 148 million ounces (“Moz”) Ag (from 109 Moz Ag), primarily due to the recently discovered JAC deposit.
Significant contained gold resource totaling 1.36 Moz Au in M&I, representing a 5% increase in contained Au.
A 32% increase in average silver grades in M&I Mineral Resources to 87 g/t Ag (from 66 g/t Ag), due to higher silver grades at the JAC deposit and higher equivalent cut-off grades at Oculto. see & read mote on
https://www.abrasilver.com/news-releases/abrasilver-reports-258-million-silver-equivalent-ounces-contained-in-mi-categories-substantially-increasing-the-diablillos-mineral-resource-estimate