Discovery Silver Announces Warrant Exercises, Resulting in Increased Cash Balance of C$70 million

TORONTO, June 09, 2022 — Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) announces that an aggregate of 23,531,812 common share purchase warrants (“Warrants”) with an exercise price of C$0.77 were exercised prior to their expiry on June 8, 2022. The exercises resulted in gross proceeds of approximately C$18 million. The Company’s current cash balance has increased to approximately C$70 million.

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