Discovery Reports Positive Metallurgical Results from Cordero & Provides Project Update

May 31, 2022, Toronto, Ontario – Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to provide a project update and to announce the project study team for the Pre-Feasibility Study (“PFS” or “the Study”) on its flagship Cordero project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. The PFS will be led by Ausenco Engineering Canada Inc. (“Ausenco”) and is on schedule for completion in 4Q 2022.

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