Outcrop Silver & Gold Corporation reported excellent updated metallurgical results from the 100% owned high grade Santa Ana silver project in Colombia. The second phase of metallurgical testing was completed to confirm high recoverability using flotation and is a critical de-risking milestone for Santa Ana. The results will be incorporated in Santa Ana's upcoming maiden resource report.

Highlights: Testwork confirms flotation is an attractive recovery option for Santa Ana with excellent recoveries and concentrate grades Highly commerciable flotation concentrate grades of 12,133 grams per tonne silver and 172 grams per tonne gold; Excellent global recoveries for silver and gold confirmed at 93.4% and 96.7%, respectively, consistent with previous metallurgical testing; Flotation circuit times range between 2.5 and 10 minutes for cleaning stages with an efficiency of 97.6%, representing a standard residence time for a potential future operation. Milling tests have shown that 105 microns is the optimum grain size for the flotation of the mineralized material. Outcrop Silver prepared four sample composites, two per mineralized shoot, from Ivana (POR-1 and POR-2) and Megapozo (PAR-1 and PAR-2) from coarse laboratory rejects.

Each composite weighed approximately 50 kilograms, and the samples represent two metallurgical domains: high-grade and low-grade. The high-grade composites represent the average grade in the shoot, whereas the low-grade is estimated at 200 g AgEq/t, the threshold used to define significant silver equivalent grades. SGS Metallurgical Services Chile has conducted all preparation and testing.

The phase two metallurgical work consists of kinetic flotation circuit tests on the PAR-2 sample from the Megapozo target of the Paraiso vein. The third cleaner stage produced a concentrate grading 12,133 grams per tonane of silver and 172 grams per tonane of gold. Flotation times in the cleaner stages were 10, 6 and 2.5 minutes for the first, second and third stage respectively.

Additionally, the total time for the scavenger stage was 15 minutes aiming to maximize gold and silver recovery.