ERIC SPROTT ANNOUNCES HOLDINGS IN DISCOVERY SILVER CORP

TORONTO, May 27, 2022 – Eric Sprott announces that, today, 2176423 Ontario Ltd. (a corporation he
beneficially owns) exercised 9,090,909 common share purchase warrants (Warrants) of Discovery Silver
Corp., at $0.77 per common share (Share) for aggregate consideration of $7,000,000. The exercise of the
Warrants, combined with prior corporate treasury issuances of Shares, resulted in a decrease in holdings of approximately 2.6% of the outstanding Shares on a partially diluted basis since the date of the last early
warning report. Prior to such exercise, Mr. Sprott beneficially owned and controlled 80,440,145 Shares and
14,646,409 Warrants representing approximately 24.1% of the outstanding Shares on a non-diluted basis
and approximately 27.3% on a partially diluted basis assuming the exercise of all such Warrants.

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