Toronto - March 15, 2021: AbraSilver Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraSilver" or the “Company”) is pleased to announce significant high-grade results from the latest assays received from diamond drill holes DDH 20-026 and DDH 20-027 completed at the Oculto deposit, located on its wholly owned Diablillos property in Salta Province, Argentina.

Hole DDH 20-026 is located approximately 125 meters south-west of DDH 20-027 (see Figure 1). Holes DDH 20-026 and DDH 20-027 both intersected broad zones of high-grade gold and silver mineralization within oxides. Hole DDH 20-026 intersected 65 meters grading 292 g/t silver-equivalent (3.89 g/t gold-equivalent), including 14 meters grading 741 g/t silver-equivalent (9.88 g/t gold-equivalent).

Hole 20-027 intersected a total of 103 meters grading 516 g/t silver-equivalent, including 17 meters grading 1,508 g/t silver-equivalent in the silver enriched zone and 7.0 meters grading 7.11 g/t gold-equivalent in the underlying deeper gold zone.

As well as contributing to the potential of the silver enriched zone, these drill holes continue to demonstrate the potential for additional high-grade gold mineralisation in the system at depth. Partial results of hole DDH 20-027 were announced on March 08, 2021 and complete results are below.

Table 1 – Drill Result Highlights:

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John Miniotis, President and CEO, commented, “Diablillos is rapidly emerging as a truly unique, high quality silver-gold project with tremendous upside potential. The high-grades and excellent thicknesses of these mineralized intersections are extremely impressive. Moreover, these near-surface bulk mineable zones are entirely within oxides, and as such, provide us with a very high level of confidence that the future economics of the Diablillos project can be significantly enhanced. We cannot wait to come out with our updated Mineral Resource and updated economic study later this year.”

David O’Connor, Chief Geologist, commented, “We are extremely pleased to have intercepted yet another robust silver zone in hole 20-026, with a high-grade gold zone at its base. This demonstrates continuity of the high-grade silver and gold zones encountered in hole DDH 20-027, which is more than 100 meters away. These holes show that the high grade mineralised zone at the intersection of the Main and Cross breccias (see Figure 1 below) has substantial size potential. The favourable structural environments at the intersection of breccia zones will be priority targets for further drilling that will continue to augment the tonnage and grade of the resource base at Oculto.”