Alaska Silver Announces Plan for Deferred Management Fees Transaction

Tucson, Arizona--(Newsfile Corp. - May 19, 2026) - Alaska Silver Corp. (TSXV: WAM) (the "Company," "Alaska Silver") announces that it has entered into agreements to settle C$1,237,962 in outstanding management fee debt through the issuance of an aggregate of 1,509,710 common shares of the Company (the "Settlement Shares") at a price of $0.82 per Common Share (the "Debt Settlement"). This settlement transaction represents deferred management fees owed to the Company's President and CEO, Christopher (Kit) Marrs, its Vice President, Administration, Joan Marrs, and its Chief Exploration Officer, Joe Piekenbrock (collectively, the "Creditors"), which accrued pursuant to employment and consulting agreements between the Company and the Creditors between 2023 and 2025 (in the case of Christopher Marrs and Joan Marrs) and from 2022 to present (in the case of Joe Piekenbrock).