Discovery Silver Reports Measured & Indicated Resource of 910 Moz AgEq and Inferred Resource of 140Moz AgEq for Cordero

October 20, 2021, Toronto, Ontario – Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (“Resource”) on its flagship Cordero silver project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. The Resource is pit-constrained with an estimated waste-to-ore ratio of 1.1 and is supported by 224,000 m of drilling in 517 drill holes and reinterpreted structural and geological models of the deposit. 87% of the contained metal is in the Measured and Indicated category. The Resource will be used to support an updated PEA scheduled for completion later this quarter.

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