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The Associated Press

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Silver Bow Mining Signs Definitive Agreement to Acquire the Jefferson County Metallurgical Complex in Montana

BUTTE, Mont.--(BUSINESS WIRE)--Aug 24, 2026-- Silver Bow Mining Corp. (NYSE American: SBMT) (“Silver Bow Mining” or the “Company”) is pleased to announce that it has entered into a definitive asset purchase agreement (the “Agreement”) with Montana Goldfields, Inc. (“MTGF”) and Montana Tunnels Mining, Inc. to acquire an integrated metallurgical complex containing two distinct mineral processing circuits, together with the historic Montana Tunnels M-Pit (collectively, the “Jefferson County Metallurgical Complex” or the “Complex”), located in Jefferson County, Montana. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260824129889/en/ The Jefferson County Metallurgical Complex, Montana The Jefferson County Metallurgical Complex is located approximately 55 miles by road northeast of Butte and includes 15,000-tpd and 1,000-tpd mineral processing circuits, crushing and ore storage facilities, tailings facilities, and associated infrastructure within an approximate 5,000-acre land position. The 1,000-tpd circuit is expected to be suitable for processing the high-grade silver-gold-zinc-lead mineralization comprising the Company’s Rainbow Block resource. Silver Bow Mining is actively exploring its Butte Project assets including the Rainbow Block Project, which hosts an Inferred Mineral Resource estimate of 11.48 million tons grading 14.8 ounces per short ton silver equivalent (“AgEq”) (4.28 opt Ag, 0.05 opt Au, 4.59% Zn, and 1.25% Pb) containing

Jefferson County, MT · 08-24