Discovery Appoints Lee Hodgkinson to the Board of Directors

Rhea-AI Summary

Discovery (OTCQX: DSVSF) appointed Lee Hodgkinson to its Board of Directors effective February 20, 2026. Hodgkinson is a CPA with 25+ years in mining audit and governance, formerly National Industry Leader of KPMG Canada’s mining practice and a director of KPMG’s global mining group.

The release also notes Discovery completed the acquisition of the Porcupine Complex on April 15, 2025, becoming a Canadian gold producer and retaining 100% ownership of the large Cordero silver project in Chihuahua, Mexico.

Positive

• Porcupine acquisition completed on Apr 15, 2025, converting the company into a Canadian gold producer
• 100% ownership of Cordero, described as one of the world’s largest undeveloped silver deposits
• Board expertise strengthened with appointment of Lee Hodgkinson, experienced mining auditor and governance leader

Negative

• None.

News Market Reaction – DSVSF

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-0.47% News Effect

On the day this news was published, DSVSF declined 0.47%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce that, effective immediately, Lee Hodgkinson has joined the Board of Directors.

Mr. Hodgkinson, CPA, CA, FCPA, FCA has over 25 years of experience as a Partner in public accounting and auditing, specializing in the mining industry. He has served as the National Industry Leader of KPMG LLP’s (“KPMG”) Canadian Mining Practice for over 20 years and as the Director of KPMG’s Global Mining group for over a decade. Mr. Hodgkinson has a strong background in financial reporting as well international auditing standards. He has served as the principal audit engagement partner for several of Canada’s leading mining companies, has extensive boardroom experience and has completed his ICD.D. from the University of Toronto Rotman School of Business.

“I am honored to be appointed as a Board member of Discovery,” said Mr. Hodgkinson. “I look forward to working closing with the other directors and the leadership team as Discovery continues to execute its near and long term growth strategies.”

Tony Makuch, Discovery’s President and CEO, commented: “On behalf of Discovery, I am pleased to welcome Lee to the Board of Directors. Lee is a highly respected Canadian finance leader with extensive experience in mining, global finance and governance. His leadership roles as National Industry Leader of Canadian Mining Practice and Director of the Global Mining Group at KPMG reflect his deep commitment to the development of industry standards and global best practices. We look forward to working with Lee as Discovery continues to improve our operations, advance our growth plans and create value for all of our stakeholders.”

ABOUT DISCOVERY

Discovery is a growing precious metals company that is creating value for stakeholders through exposure to both gold and silver. The Company’s silver exposure comes from its first asset, the 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. On April 15, 2025, Discovery completed the acquisition of the Porcupine Complex, transforming the Company into a new Canadian gold producer with multiple operations in one of the world’s most renowned gold camps in and near Timmins, Ontario. Discovery owns a dominant land position within the camp, with a large base of Mineral Resources remaining and substantial growth and exploration upside.

On Behalf of the Board of Directors,

Tony Makuch, P. Eng
President, CEO & Director

For further information contact:         
Mark Utting, CFA
SVP Investor Relations
Phone: 416-806-6298
Email: mark.utting@discoverysilver.com
Website: www.discoverysilver.com

FAQ

Who is Lee Hodgkinson and why did Discovery (DSVSF) appoint him to the board on Feb 20, 2026?

He is a CPA with over 25 years in mining audit and governance, appointed to strengthen oversight. According to Discovery, Hodgkinson led KPMG Canada’s mining practice and served as director of KPMG’s global mining group, bringing financial reporting and international audit expertise to the board.

What does the Apr 15, 2025 Porcupine Complex acquisition mean for Discovery (DSVSF)?

The acquisition made Discovery a Canadian gold producer, expanding its operations and production base. According to Discovery, completing the Porcupine transaction transformed the company’s profile with multiple operations in the Timmins gold camp and a dominant local land position.

Does Discovery (DSVSF) still own the Cordero silver project after the Porcupine acquisition?

Yes, Discovery retains 100% ownership of the Cordero project, maintaining its silver exposure. According to Discovery, Cordero is one of the world’s largest undeveloped silver deposits, located near infrastructure in Chihuahua State, Mexico.

How might Lee Hodgkinson’s appointment affect Discovery’s (DSVSF) financial reporting and governance?

His appointment could strengthen financial oversight and governance given his audit background and ICD.D designation. According to Discovery, Hodgkinson’s experience as a principal audit partner and mining practice leader supports improved reporting and adherence to international audit standards.

Where are Discovery’s (DSVSF) main assets located following recent corporate changes?

Discovery’s assets now include the Cordero silver project in Chihuahua, Mexico and the Porcupine Complex in the Timmins area, Ontario. According to Discovery, the Porcupine acquisition added multiple gold operations and a dominant regional land position for exploration upside.