Maverick Gold and Silver Appoints Michael Leahy to Board of Directors and Grants Stock Options

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Maverick Gold and Silver (CSE: MAV, OTC: VRCFF) appointed Michael Leahy to its Board of Directors, effective immediately, while Chris Farnworth resigned as director. Leahy is a junior mining executive with experience in mineral exploration, capital markets and geospatial technology, including senior roles at Auracle Geospatial Science.

According to Maverick, the appointment supports its focus on advancing gold, silver and copper exploration assets in Nevada and British Columbia. The company also granted Leahy 300,000 stock options, exercisable at $0.10 per share for five years under its incentive stock option plan.

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Vancouver, British Columbia--(Newsfile Corp. - August 24, 2026) - Maverick Gold and Silver Corp., (CSE: MAV) (FSE: VR61) (OTC Pink: VRCFF) ("Maverick" or the "Company") is pleased to announce the appointment of Michael Leahy to the Company's Board of Directors, effective immediately.

The Company also announces that Chris Farnworth has resigned as a director of the Company, effective immediately. The Board of Directors and management of Maverick wish to thank Mr. Farnworth for his services to the Company and wish him well in his future endeavours.

Glen R. Watson, President and CEO of Maverick, commented: "We are very pleased to welcome Michael to Maverick's Board of Directors. His combination of public-company experience, knowledge of the junior resource sector and operational background in geospatial and remote-sensing technologies provides a valuable perspective as we advance the Company. Michael understands both the capital markets and the technical processes involved in evaluating and developing exploration opportunities. We believe his experience and network will complement our existing team as Maverick moves into the next stage of its growth."

About Michael Leahy

Mr. Leahy is a junior mining executive and corporate director with experience spanning mineral exploration, capital markets, corporate development and geospatial technology. He currently holds director positions with Emergent Metals Corp., Rex Resources Corp., Bessor Minerals and eLife Minerals Corp., which is currently a private company, and serves in an advisory capacity to Oroco Resource Corp.

In addition to his public-company experience, Mr. Leahy brings more than six years of senior operating experience as Chief Operating Officer of Auracle Geospatial Science Inc., a Vancouver-based remote sensing and geospatial technology company. Auracle provides advanced earth-observation and geospatial solutions to clients across the mining, oil and gas, infrastructure and defense sectors. His work with Auracle has provided Mr. Leahy with exposure to the application of remote sensing, geospatial data and advanced exploration technologies in the identification, evaluation and management of natural-resource assets.

Through his combination of public-company, operational and technology experience, Mr. Leahy has developed a broad understanding of the technical, financial and corporate considerations involved in advancing early-stage mineral exploration companies. He holds a Bachelor of Business Administration (BBA) from Acadia University.

The appointment reflects Maverick's ongoing commitment to strengthening its Board and corporate governance as the Company advances its portfolio of gold, silver and copper exploration assets in Nevada and British Columbia.

Michael Leahy commented: "I am excited to join Maverick at a time when the Company has assembled a compelling portfolio of exploration assets across two of North America's premier mining jurisdictions. Nevada and British Columbia offer exceptional geological potential, established mining infrastructure and a long history of major discoveries. I believe there is significant exploration upside across Maverick's portfolio, and I look forward to working with Glen and the Board to systematically advance these projects, evaluate their potential and build long-term value for shareholders."

Grant of Stock Options

The Company has granted Michael Leahy 300,000 incentive stock options pursuant to the Company's incentive stock option plan (the "Plan"). Each option entitles Mr. Leahy to acquire one common share of the Company at an exercise price of $0.10 per share for five years from the date of grant, subject to the Plan and applicable regulatory requirements.

About Maverick Gold and Silver Corp.

Maverick Gold and Silver Corp. (CSE: MAV) (FSE: VR61) (OTC Pink: VRCFF) is an exploration-stage company advancing a portfolio of high-potential gold, silver, and copper properties. The Company is focused on Nevada and British Columbia; mining-friendly jurisdictions that have established infrastructure, predictable permitting, and supportive regulatory frameworks.

Additional information about Maverick Gold and Silver is available on the Company's website at www.maverickgoldsilver.com.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

On Behalf of the Board of Maverick Gold and Silver Corp.

"Glen R. Watson"
Glen R. Watson
President & CEO

For further information, please contact:
Glen Watson, President & CEO
Phone: +1 (604) 803-5229
E-mail: info@maverickgoldsilver.com

Cautionary Note Regarding Forward-Looking Information

This news release may contain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities laws. Forward-looking information in this news release may include, but is not limited to, the Company's exploration and development plans, future exploration programs, business objectives, strategic plans, and expectations regarding the Company's operations, financial condition, and growth opportunities.

Forward-looking information is provided to inform the Company's shareholders and potential investors about the Company's current expectations and plans relating to the future and may not be appropriate for other purposes. Forward-looking information is often identified by words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "potential", "may", "will", "would", "could", "should", and similar expressions, although not all forward-looking information contains these identifying words.

Forward-looking information is based on a number of assumptions that the Company believes to be reasonable at the time such statements are made, including, but not limited to, assumptions regarding the Company's ability to successfully execute its exploration and development plans, and operate in a stable regulatory, economic, and business-friendly environment. These assumptions, while considered reasonable, may prove to be incorrect.

Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, without limitation risks inherent in mineral exploration and development, operational and technical risks, fluctuations in commodity prices, availability of financing, general economic, market, and business conditions, regulatory and environmental risks, and other risks disclosed in the Company's public filings.

Although the Company believes that the forward-looking information that may be contained in this news release is reasonable based on information currently available, readers are cautioned not to place undue reliance on such information, as there can be no assurance that such expectations will prove to be correct. Forward-looking information that may be contained in this news release is only relevant as of the date of this release. Except as required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311058

FAQ

What board change did Maverick Gold and Silver (OTC: VRCFF) announce on August 24, 2026?

Maverick Gold and Silver announced that Michael Leahy joined its Board of Directors and Chris Farnworth resigned, both effective immediately. According to Maverick, this change is intended to strengthen board capabilities as the company advances its gold, silver and copper exploration portfolio.

Who is Michael Leahy, the new director of Maverick Gold and Silver (VRCFF)?

Michael Leahy is a junior mining executive and corporate director with experience in mineral exploration, capital markets and geospatial technology. According to Maverick, he has held senior roles at Auracle Geospatial Science and board or advisory positions with several mineral exploration companies.

What stock options did Maverick Gold and Silver grant to Michael Leahy in August 2026?

Maverick Gold and Silver granted Michael Leahy 300,000 incentive stock options under its stock option plan. According to Maverick, each option allows him to buy one common share at an exercise price of $0.10 for five years, subject to plan and regulatory conditions.

How could Michael Leahy’s appointment affect Maverick Gold and Silver’s exploration strategy?

Leahy’s appointment may add technical and capital-markets expertise to Maverick’s board as it advances projects. According to Maverick, his background in remote sensing, geospatial data and early-stage mineral exploration aligns with its Nevada and British Columbia gold, silver and copper assets.

In which regions is Maverick Gold and Silver (VRCFF) focusing its exploration activities?

Maverick Gold and Silver is focused on advancing gold, silver and copper properties in Nevada and British Columbia. According to the company, these jurisdictions offer established mining infrastructure, predictable permitting and supportive regulatory frameworks for exploration-stage resource companies.

What is the exercise price and term of the new Maverick Gold and Silver stock options?

The stock options granted to Michael Leahy have an exercise price of $0.10 per share and a five-year term. According to Maverick, the options are issued under its incentive stock option plan and remain subject to applicable regulatory requirements.